coin8300

General Advice This Cycle: BTC Long, Stay Away From Alt Coins

Long
BITFINEX:BTCUSD   Bitcoin
Want to gamble at less than 50/50 odds? Like spinning your wheels making 20% and then losing 20%, all while getting chipped away by the spread until you finally time things wrong and lose your entire portfolio trying to time a bunch of crap coins that will all go to zero anyway in the Bitcoin shadow? Then alt coins are for you!!

As Peter Thiel says "Bitcoin is the largest with the biggest network effect...bet on the biggest". It has the backing of major infrastructure providers "Jack Dorsey" and others, 10 years of market cap diversification which allows it to rise in value further and achieve stability first (of course things are still pretty concentrated but miles ahead of any other coin). Bitcoin is the blue chip...and if the market cap reaches that of gold (though I think it will go further in time) then it can still go up 100x from the current price. Is that not good enough you greedy POS? Literally buy a few and hold them for a few years (maybe 2, maybe 5, maybe 10) and perhaps you'll be a millionaire if things work out (market cap of gold puts BTC at about $500k per coin), do you really need more than that? Are those returns not good enough for you? Don't be absurdly greedy (just a little greedy) and don't lose your would be BTC investment on shit coins. End of rant and good luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.