I'm about to give you some hardcore advice, for FREE! Waoooo! (I promise, I won't shill a coin or promote anything, aren't those posts annoying?)
Take it seriously:
I see a lot of posts lately about what is the next big altcoin or what altcoin should I invest in? etc. etc.
About two months ago, the altcoin board was flooded with "what ICO should I invest in?" and now it's flooded with altcoin inquiries.
This matches the movement of the market as tons of money is being pumped into alts, particularly lower priced ones or coins that have been artificially pumped by youtubers, pump and dump groups, or Mr. Mcafee.
I understand the desire to find "the next big thing". I understand the feeling that you have "missed the chance" on bitcoin or other alts. I went through these myself.
But if you join the herd, you will either lose money or gain very little return on your investments.
Here is the advice:
When others sell, you buy. When others buy, you sell.
Those who made tons of money the last 2 weeks are those who bought alts 2 months ago when btc was pumping like crazy because of the forks.
While everyone was scrambling to get more btc so they could get a shitcoin (btc gold) then segwit (which got canceled but looks like might go through anyways?) the price of almost all where at bargain prices. Now, btc has been stable around 14 to 16k, while other alts have pumped like crazy. It is the absolute worst time to buy alts, especially the overinflated ones like ripple, cardano, and tron. Now is the time to buy btc.
Thinking that btc has reached is peak don't realize that other bubble economies have reached trillion dollar marketcaps, crypto still has more bull runs ahead of it and btc leads the way.
So why am I taking the time to post this? Because a good friend of mine put 10k usd into ripple this morning . . .
yeah, please don't do that, what a horrible price to buy xrp at.
