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Topic: The best buy right now is not Bitcoin, it is ALTCOINS - page 10. (Read 7482 times)

hero member
Activity: 900
Merit: 1014
advocate of a cryptographic attack on the globe
You spelled 'sell' wrong.
hero member
Activity: 651
Merit: 518
What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

Low liquidity means extreme upside potential! Besides, Bitcoin went up so much exactly because bagholding aka HODL so I don't find your argument good enough to dismiss altcoin markets recovery.
sr. member
Activity: 280
Merit: 250
What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?

Exactly this ^

Same reason to get into bitcoin though, I just have the feeling that bitcoin won't die as quickly as an altcoin.

I don't see the point in getting into altcoins.
legendary
Activity: 1652
Merit: 1043
Cypherpunk (& cyberpunk)
What about risks of 90%+ of altcoins which are doomed and have no way to recover because whales simply dumped all their holdings and newbies baghold them?
hero member
Activity: 651
Merit: 518
Sure, Bitcoin can go up 100% from here but altcoins can go up 1000% much easier and much faster, given their current marketcaps and lack of liquidity. But do not wait for too long, buy at least a small amount of altcoins at current very low prices and smile later when majority suddenly (re)discovers altcoins, many of which outperform Bitcoin is all technical aspects. Pretty much every noob investor and speculator is dumping altcoins now so you should be slowly buying them.
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