why would someone buy altcoins if he is not a trader nor a cryptocurrency expert? Wise guy has to analyse the market and knows when he should buy bitcoin, or when he should buy a specific altcoin. Of course every man can not do this properly but a wise does not cry when he loses money because of his own incorrect analysis.
I bought some Bitcoin Cash as it is supported by miners. But the EDA is killing it now.
I wonder why anyone would buy BCC before the pump when it was pretty obvious the market was hugely pumped which clearly was not by the community but by whales supporting it just to see how it goes. Guys like you however has decided to give them some free gifts.
You can still hold though but I learnt my lessons the first pump just to stay away from that market for now until I see some good sign for it.
Social Consensus > Miners Consensus
https://www.decentralized.tech/blogs/part-2-bitcoin-core-bitcoin-cash-bitcoin-gold-and-bitcoin-2x-oh-myI am going to be blunt with you all. Unfortunately, noobs (this happens every single time Bitcoin reaches new all time highs and an influx of new user enter the economy) do not heed the warnings of experienced cryptocurrency market participants like me.
I assume most of you are heavily invested in highly risky and volatile ICOs, most if which were doomed to fail from the start (if not outright scams). The cryptocurrency community has already lived through many crap clone coins and IPOs (aka. ICOs) before the ICO craze started. The market is playing out exactly how the crap clone coins and IPO flood played out. Do your research. ICOs are an old type of scam in the crypto world. Sure, some may be successful, but most (probably 96%+) will fail.