I was looking at this Beecoin and thinking about investing in it. It is dirt cheap.
However as I was looking at the price and stuff, I saw someone had bought like 650million beecoins. I'm thinking, "If that coin rises to the value of one cent, he/she is millionaire!"
What am I missing here because I've been trying to ride the Bitcoin/Litecoin waves here recently and I've made a little, but I'm no millionaire. What say you?
Bro think about it. Lets say you buy 1 btc, it goes up 10% or 50% you have just a bit more btc
But let's say you buy 1 btc worth of alt coins. Lets say your alt coin goes from 500 satoshi to 1000 satoshi. You've just doubled ur alt coin value and if you sell you got 2btc. On top of that, btc value is also going up, so your value of btc in fiat is even higher.
This is a no brained for me. And if you research the right coin, and get like 5x return ur fiat value is insane
What do you think?
Thats exactly it.