The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
That is a good perspective for sure and I dont think that it's a bad one, I mean in the first place Bitcoin is the safer investment that you could make in the cryptocurrency space that's for sure, cryptocurrency is a very risky investment and not investing on Bitcoin compared to other alternative token for sure is not going to end well for you. Personally, my investment for sure consists of the huge amount of Bitcoin because that is where I could increase my chances of profit, also just like I said it is the safer investment that you could make, Still it would depend on the trader itself since we do have a different strategy in the cryptocurrency space and investing only on Bitcoin wasn't going to be a bad idea, but not everyone is going to do that for sure, I do invest on other alternative tokens in the market but I make sure that it is a really low percentage of my portfolio because this alternative token has a high risk compared to Bitcoin investments.
I wouldn't totally going to agree with it, because if you are going to look at the possible profit that you are making in the altcoin market, for sure you can already see that over 1000 percent of profits can be made on this market, and that is something that you could take advantage off, I mean as long as you can control and limit your investment there I think you could make a worth it an investment with minimum risk, high return with a very low risk so it's going to be worth it investing on it.
Most of these altcoin tokens doesnt really have some kind of use on them, so I wouldn't personally do it, especially in the long term because for sure it's going to drop its market price and its volatility is very high compared to something like Bitcoin. I would just treat it like gambling, as a trader you could have some spare money that you would like to test out and see, gamble it on something like a MEME token, and as long as its a money that you could afford to lose, that's not going to be a big deal you could easily recover from it in case you lose the trade, or possibly you could hold it long term as well since your not really going to lose unless you sell that token, so why not see how it going to turn out.