Ninjastic
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Board Bitcoin Discussion
Re: In bitcoin 5 years now, still feel like i'm newbie, i'm not, i'm old school
by
Red-Apple
on 19/03/2017, 13:20:42 UTC
Quote from: Iranus on March 19, 2017, 01:08:29 PM
Quote from: Mometaskers on March 19, 2017, 08:46:24 AM
Quote from: calkob on March 19, 2017, 12:07:39 AM
I sometimes feel that i came late to bitcoin because i got in during 2012, then i was late to the show, but now i am like old skool.  Have seen all this shit before and am like ,,,, "what ever"  trust me me newbies , or dont its the bitcoin way.  we have been down this road before, just dont sell or trade into alts you will regret it.  Smiley  learn from my mistakes.   Grin

I've been reading stuff in this forum for just about 3 months so yeah, I feel quite noob too. Why are you not suggesting going into alts? I'm hearing that people are doing ok with it. A cousin is doing it and he said he's doing fine and earning some profit. I am yet to make a Poliniex account (what he suggested) coz I still find it confusing and I don't think I have enough starting capital yet. So basically I just earned a few bits before and am sitting on them.
Alts are unstable.  You could make some profit by trading with them, but if you focus most of your money on trading them you might end up being very disappointed, especially if you put into a coin that's being pumped like DASH or something.

most alts are completely useless and some rare ones are having some use cases but still are pretty bad, that is why they are quite unstable. people are only buying them to make a profit, most of the time they gamble on whether they can make profit or not.
and coins like Dash and ethereum and steem are being pumped pretty hard these days and they are reaching their max potential of pumpablity and soon the bubble will pop crushing anyone who stays in its way.