Topic: The only way to get rich is by riding the next big alt pump - page 8. (Read 6455 times)
I totally agree with you. The only way for people to get rich in a reasonable timespan is to stop trading Bitcoin for a few dollars margin, since unless they are already rich, they will not become it ! Or they would need to take some quite big risks, investing all of their bitcoins in each market movement and being always right. If they succeed, that would take time, lots of time. And that is if they succeed...
This is not an altcoin thread so don't move it. This is about the people that think they are going to get filthy rich with BTC having joined the game after the big initial 2 dollars to 1k dollars rise... im sorry but I think it's not going to happen.
Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least 50k in the next 10 years, I don't see it happening.
And who wants to be a tired old man to make your first million? Fuck that.
Therefore we must put our BTC to work, and that means taking big risks.
We already saw big pumps in XMR. A 2000% gainer. Problem is, "anonymous coin" hype is already over.
We also saw the big ETH gains. Problem is, "smart contracts" hype is already over.
Then you have all those interesting projects like Maidsafe, that now sound like vaporware because they always fail to deliver.
You got other projects like Steem, with horrible coin distribution that create all those ugly graphics of constant stagnation: useless for an investor.
So what else is there? I see nothing, unfortunately.
I don't see anything that can pump hard, with solid volume, that has interesting fundamentals. It seems to me that all major developments will end up as sidechains of Bitcoin eventually. Bitcoin is king, and most (if not all) altcoin gimmicks have already been done. This is good for the Bitcoin investor, but if you want to get rich, it's already late, the growth will not be strong enough for most modest holders (and by modest, lest say 21 BTC and less... and 21 BTC is already somewhat elite nowadays since most people can't afford risking that much fiat in BTC). The marketcap even if small in the grand scheme of things, it's already too big to deliver massive 1000%'s tier of gains again in a reasonable amount of time.
Therefore, those that think getting rich with Bitcoin as someone that missed the big fat boat (buying when it was 1 figure per BTC) are delusional if they think they will be millionaires within the next 2 decades or so (more and it stops matter, again who the fuck wants to wait 20+ years)
As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.
So that's my 2 cents there.
Don't get me wrong, if you started post 2013 and managed to buy until reaching the respectable 21 BTC goal, you will make big gains in the future, but you will not make 1+ inflation-adjusted million dollars. Unless BTC goes at least 50k in the next 10 years, I don't see it happening.
And who wants to be a tired old man to make your first million? Fuck that.
Therefore we must put our BTC to work, and that means taking big risks.
We already saw big pumps in XMR. A 2000% gainer. Problem is, "anonymous coin" hype is already over.
We also saw the big ETH gains. Problem is, "smart contracts" hype is already over.
Then you have all those interesting projects like Maidsafe, that now sound like vaporware because they always fail to deliver.
You got other projects like Steem, with horrible coin distribution that create all those ugly graphics of constant stagnation: useless for an investor.
So what else is there? I see nothing, unfortunately.
I don't see anything that can pump hard, with solid volume, that has interesting fundamentals. It seems to me that all major developments will end up as sidechains of Bitcoin eventually. Bitcoin is king, and most (if not all) altcoin gimmicks have already been done. This is good for the Bitcoin investor, but if you want to get rich, it's already late, the growth will not be strong enough for most modest holders (and by modest, lest say 21 BTC and less... and 21 BTC is already somewhat elite nowadays since most people can't afford risking that much fiat in BTC). The marketcap even if small in the grand scheme of things, it's already too big to deliver massive 1000%'s tier of gains again in a reasonable amount of time.
Therefore, those that think getting rich with Bitcoin as someone that missed the big fat boat (buying when it was 1 figure per BTC) are delusional if they think they will be millionaires within the next 2 decades or so (more and it stops matter, again who the fuck wants to wait 20+ years)
As investors, we should focus on searching for alts where we can be whales, problem is like I said before: All alts are gimmicks/lame, and the fat pumps already happened.
So that's my 2 cents there.
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