Very interesting post.
If you trade on the left side of the chart, there is more than 20-30 of altcoins this year, who did 100fold just like that.
Amazing.
But we need to trade on the right side of the chart, that's a bit more difficult
It seems like a gamble to me, but need to find one 10fold, and then 10 new 10folds and you are there.
I wish you a good luck, sadly I can not join, no money to invest
You're absolutely correct, on all points, and, yes, it's just amazing. DigiByte is one of those examples that I sold at a 20x that is now approaching a 100x. That hurts when you leave so much money on the table, but, frankly, I don't believe in the coin's fundamentals. They consistently fail to execute and I just couldn't answer my "bag holder" question in the afirmative beyond a price that now looks cheap. That's happened more than once, and it will continue to happen, but the more solid the underlying project is from a real long term viability basis, the longer I hope to be able to ride. That's where the compromise between "longshot betting" and "reasonable speculation" comes in and why I'm looking for the most undervalued of the best that can be believed in.
There's also lots to be said about trading, like litaf, gabmen and others have mentioned, if you've got the time to be in front of the monitor 24/7. Jokes aside, unless you're making a living from your trading, you've probably got a real job and a real life, and that makes trading difficult. On the other hand, what I'm doing here, in essence, really is trading, just on a longer term time frame. Investing is something that I think of as taking place over years, and this is far from that. As I've mentioned in another closely related thread I started (
https://bitcointalksearch.org/topic/is-the-era-of-pd-over-for-crypto-blue-chips-1925617 ), I think we're working with progressive cycles that are tending towards fair value, and that there will be waves of buying and price appreciation that will happen to different survivors at different times, and, in that sense, this current portfolio really represents a short to intermediate term "trade" that has maximum and minimum possible targets, that could also very likely be repeated again in the future, and that brings us back to the more reasonable 10 fold followed by another 10 fold, rinse and repeat scenario - trading, just on a longer term time frame with slightly larger trading objectives to match.