Quote from: Hell-raiser on August 27, 2018, 06:25:27 AM

Quote from: BitHodler on August 26, 2018, 11:29:32 PM

Quote from: Cryptosuperb on August 26, 2018, 07:47:50 PM

I remember how I was smart buying BTX at 11$, I thought it cant go lower Cheesy

That's a common rookie mistake. Altcoins in 99% of the cases don't serve a purpose at all, and that definitely applies to BTX. When buying these coins you should expect them to lose +90% of their value.

In other words, never blatantly assume that an altcoin won't go down further just because you think it's already low, because it can and likely will go down far lower. BTXs fundamental value is close to zero in my opinion.

These coins are meant to be used as a quick-flip, and not to hodl for a long period of time.

Couldn't agree with this more. What you describe is 100% true, but I would like to expand your thought a little. I'd been watching how things were developing with BTX for a while, and if you had been reading their thread here, you might fall victim to an impression that it's a real thing, while in reality it is no more than a typical Bitcoin copycat with no real value added. I suspect it is the same thing with other coins which bring nothing to the table. Folks read what other folks write and since people are eager to instinctively believe what others are saying (hence the insane amounts of FUD everywhere), they can be easily fooled into doing foolish things like buying heaps of shitcoins.

Sh*t alts are good at bull market trends

they are way more pumped higher than BTC

couldn't think other than that when it comes to tradings

and seeing it useless on these bear market trends

FUDS are their life bloods, and its so unfortunate that a lot of folks fall into it