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Topic: The only way to get rich is by riding the next big alt pump - page 6. (Read 6455 times)

legendary
Activity: 1330
Merit: 1009

I respectfully disagree on two points.

1) Monero is going to be bigger than it is now. Not just because of its "anonymous" feature, but also because of its inflation, which is already lower than Litecoin and eventually will be lower than Bitcoins...

2) Being whale is quite risky. I know, I had ton of Ripples and Moneros when those started out. And quite amazingly I was unable to sell them at market price, as the daily volume at times barely covered value of my portfolio.

In essence what I am trying to say is, dont bet more than 10% of your money on any particular product.

So... You shouldn't hold more than 10% in BItcoin? In a crypto portfolio? Or in a portfolio with other more traditional assets and investment vehicles? Because if you meant the first one, I'll have to respectfully disagree with you there.
hero member
Activity: 574
Merit: 506
legendary
Activity: 1330
Merit: 1009
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.



So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.

Sounds like an oxymoron right?!
Maybe he's just looking for new alt bagholders and waiting to buy their dumped bitcoins.

I don't trust anybody in this space!Especially here where many people have an own agenda running.
When someone advises me to get rid off my bitcoins and go with shitcoins, I can guarantee you I will do the opposite and therefore buy even more BTC when the personal financial situation allows me to do so.

As someone mentioned, buying the dips will not make you rich anytime soon, unless you can afford dropping in like 100k on every dip and keep stacking big time.

Anyone that can invest 100k on bitcoin is already rich in my book.

The rest of us, would need to risk our entire net worth on every dip hoping it goes up again, and that is just insane.

Only getting in early in a project that can give us at least 1000%+ gains would deliver what we need to get rich.

Anyone that has spent time here should at least have 10 BTC to invest already. A couple of good moves going all in could take us to the next level (yes risky, but no big risk no big gain)

Why is everyone looking for 1000% + gains? If one could return even something like 15% yearly return you'd double your money in no time... and in a average 3-4 decade working lifetime, you'd be rich. I think there is definitely plenty of room for triple digit gains, even in Bitcoin. Bitcoin is STILL such a nascent concept to people, with huge upside potential. The first mover advantage bitcoin has is so great and I don't really think anything will upset that, so even a small fortune like $10,000 could make one "rich".
legendary
Activity: 1372
Merit: 1252
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.



So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.

Sounds like an oxymoron right?!
Maybe he's just looking for new alt bagholders and waiting to buy their dumped bitcoins.

I don't trust anybody in this space!Especially here where many people have an own agenda running.
When someone advises me to get rid off my bitcoins and go with shitcoins, I can guarantee you I will do the opposite and therefore buy even more BTC when the personal financial situation allows me to do so.

As someone mentioned, buying the dips will not make you rich anytime soon, unless you can afford dropping in like 100k on every dip and keep stacking big time.

Anyone that can invest 100k on bitcoin is already rich in my book.

The rest of us, would need to risk our entire net worth on every dip hoping it goes up again, and that is just insane.

Only getting in early in a project that can give us at least 1000%+ gains would deliver what we need to get rich.

Anyone that has spent time here should at least have 10 BTC to invest already. A couple of good moves going all in could take us to the next level (yes risky, but no big risk no big gain)
legendary
Activity: 868
Merit: 1006
I don't think anyone is expecting to become filthy rich in btc itself, or by speculating on btc ^^

Most people here, at least that's my case, are seeing btc as a new opportunity for new businesses thats all. I don't even really care for the btc price. Yeah the higher the better, sure. But the important is the new features that btc brings, not its price Wink

This is delusional. Price is important as fuck, it doesn't matter how good the technology is if it's not translated in the price. People that say price doesn't matter don't live in the real world. Bitcoin price has to go higher overtime, otherwise its a failure.


yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.



So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.

Sounds like an oxymoron right?!
Maybe he's just looking for new alt bagholders and waiting to buy their dumped bitcoins.

I don't trust anybody in this space!Especially here where many people have an own agenda running.
When someone advises me to get rid off my bitcoins and go with shitcoins, I can guarantee you I will do the opposite and therefore buy even more BTC when the personal financial situation allows me to do so.

I keep asking about Iconomi, if to get dividends you need to hold the coins in their platform or you can store them locally, still waiting for an answer.

If you can't receive dividends while holding private keys locally, then there you have it: it's another scam. They will set a trap and get your BTC.
legendary
Activity: 1218
Merit: 1000
yeah, but you also have to take the risk of buying a lot of coins. but I guess it is a good way, because the price of alt always pump with a high price. Well, I have some friends who always take advantage of it, because they are willing to take risks. but, I think they are always the right choice.
legendary
Activity: 1442
Merit: 1016
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.



So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.

Sounds like an oxymoron right?!
Maybe he's just looking for new alt bagholders and waiting to buy their dumped bitcoins.

I don't trust anybody in this space!Especially here where many people have an own agenda running.
When someone advises me to get rid off my bitcoins and go with shitcoins, I can guarantee you I will do the opposite and therefore buy even more BTC when the personal financial situation allows me to do so.
hero member
Activity: 1470
Merit: 655
well that may be true and we all know for sure that until now it has happened so many times we have lost count but also you are forgetting the other side of all this.
i am not a glass half full kind of guy, but it is good to know about the other half too.
in altcoins when there is a pump there is also dump and dead coins too. there are hundreds of coins and even the coins that are not dead and you think are good that when you invest , they stop going up and move in reverse meaning lots of losses.
sr. member
Activity: 392
Merit: 250
I don't think anyone is expecting to become filthy rich in btc itself, or by speculating on btc ^^

Most people here, at least that's my case, are seeing btc as a new opportunity for new businesses thats all. I don't even really care for the btc price. Yeah the higher the better, sure. But the important is the new features that btc brings, not its price Wink
legendary
Activity: 1372
Merit: 1252
You are absolutely right most of the time Op. Price of BTC might not be so surreal in the future, we may be stuck around $1000 for years.
And then fabled mass adoption may never come, hampering bitcoin's growth even further. I am afraid that every altocoin at this point is being created as pump and dump scheme.
Even alts with solid technical background and purpose will be treated as such by speculators, defectively preventing us from stable price growth.

We don't need mainstream adoption to bring the price up to $10,000, we just need big pockets to trust bitcoin, but of course mainstream global adoption is ideal, but it will never happen without segwit and lightning network as indispensable requirements, but it's going totake other factors too.

And all altcoins are stupid gimmicks, there is nothing bitcoin tier that could give us %5000 gains like bitcoin did... and I don't see any other XMR scenarios happening.
There is just nothing that I think could give big gains.
full member
Activity: 238
Merit: 100
It used to be easy, but now that I've experienced is difficult. Perhaps because many know this way so there is no way to fight it. and the most important is the power of capital, when we don't have a lot of capital is certainly difficult to perform pump. My advice, it's better to play it safe, with not too daring to speculate.
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
You bring up a good point that it's worth taking small shots in new alt coins for those 1000%+ gains.

I wouldn't sell all your BTC just yet though... at nearly every plateau Bitcoin proves us wrong when people think it can't go any higher.
legendary
Activity: 1862
Merit: 1004
You are absolutely right most of the time Op. Price of BTC might not be so surreal in the future, we may be stuck around $1000 for years.
And then fabled mass adoption may never come, hampering bitcoin's growth even further. I am afraid that every altocoin at this point is being created as pump and dump scheme.
Even alts with solid technical background and purpose will be treated as such by speculators, defectively preventing us from stable price growth.
legendary
Activity: 1330
Merit: 1009
What about ICN. Do you think its also a gimmick token?
I read this had been rising more than a hundred percent now and people are stating to invest and I also did because they offer dividends. The only wait is the platform to be released, you think this is going to make me a whale by having just 2k of it?

ICN is just a gamble in trusting their investors doing a good job for you. They invest in a lot of things that may or not may do good.

Also as someone mentioned, I think in order to receive dividends you will need to hold your coins at their online website, so it would be like having your coins in an exchange: pretty stupid.

The total supply is 100 million, im not sure if the dividends will be newly generated coins... that wouldn't be good (inflationary). Right now the existing supply says 87 million regarding coinmarketcap, so its almost fully generated.

Im just not sure about this idea of an unregulated fund. Funds need to be regulated, so you don't get scammed as the ones investing with your money can't freely leave, and this is specially easy to do with crypto. Im not sure how this will end up like. I may buy some but I don't feel confindent making a big bet on it.

THat's incorrect, you can hold the ICN in any token-supported wallet. So Etherums wallet, a hardware wallet, even online wallets that support tokens. And total supply is 87 million I believe, at least that's publicly available. It would be better to ask someone that's more knowledgeable about it.
legendary
Activity: 1330
Merit: 1009
the next big alt pump was/is pascal coin... It just went from like 20k yesterday to 100k today. It's sitting at around 70k right now. We just went through some wild candles.
legendary
Activity: 1372
Merit: 1252
What about ICN. Do you think its also a gimmick token?
I read this had been rising more than a hundred percent now and people are stating to invest and I also did because they offer dividends. The only wait is the platform to be released, you think this is going to make me a whale by having just 2k of it?

ICN is just a gamble in trusting their investors doing a good job for you. They invest in a lot of things that may or not may do good.

Also as someone mentioned, I think in order to receive dividends you will need to hold your coins at their online website, so it would be like having your coins in an exchange: pretty stupid.

The total supply is 100 million, im not sure if the dividends will be newly generated coins... that wouldn't be good (inflationary). Right now the existing supply says 87 million regarding coinmarketcap, so its almost fully generated.

Im just not sure about this idea of an unregulated fund. Funds need to be regulated, so you don't get scammed as the ones investing with your money can't freely leave, and this is specially easy to do with crypto. Im not sure how this will end up like. I may buy some but I don't feel confindent making a big bet on it.
legendary
Activity: 868
Merit: 1006
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.



So you are telling me to get in while you tell me that long investors want to get out because it has been a dissapointment? Why would i get in then?

Also, as far as I know, in order to get the dividends paid in ICN you need to hold them on their online platform, this seems like a scam to me. "Let us hold the coins so we can run with them at any given time". Doesn't sound convincing to me. Plus is an ETH token, and ETH is a mess.
full member
Activity: 138
Merit: 100
legendary
Activity: 2282
Merit: 1041
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.

There's not much to be done but wait for the pump again. If you are holding ICN which a lot of those holder think can be the next big thing, you could profit more than what you have with XMR. ICN team is doing pretty much decent. Their token value has doubled in less than a year compare those who promised and funded but have never showed anything still after years. Long term investors wants to get out already due to the disappointment after disappointment.

legendary
Activity: 1372
Merit: 1252
yup. for better or worse you're right. anyone with a modest amount of bitcoin, sub 100 say, won't be getting a life changing gain within a realistic time span.

at the same time it's gambling pure and simple and the alt market is just as rancid as it ever was. personally i'd prefer to avoid a life changing loss and stay out of it.

Indeed, the altcoin market is disappointment after disappointment, but sometimes, some projects can deliver massive gains. XMR went up to 2000%, the technology is decent, the devs are decent, but the main point of the coin was the anonymous hype phase. I remember how they pumped it claiming all those darknet markets would accept it. Now this is over, and i just don't see this coin giving massive gains again. Same for ETH. Smart contracts hype is over after DAO disaster.

So I don't see any other decent new coins that are insanely undervalued in my view.

How do we get rich then?

Ok guys sell your bitcoins for some extremely speculative altcoins!
I mean Bitcoin itself is already a big risk!
So sell your precious bitcoins if you're really that greedy!I will appreciate that and pick them all up. Smiley

Most of the "top" alts with some potential already have huge whales! And a huge part of them is also big in Bitcoin!
You're looking for the needle in the hay stack if you ask me.Great way to burn your bitcoins.Good luck!
I will take the other path.vI have patience and no problems with holding BTC for 10+ years.

And what is rich and what is not is also a subjective opinion. A payed house + a good job will make you a enjoyable life.
That is something a majority of people nowadays do not have.

Good luck paying a house 100% unless you are holding a big amount of BTC.
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