Post
Topic
Board Economics
Re: A few suggestions for profit on the crypto market..
by
Betwrong
on 13/09/2018, 11:25:25 UTC
HOlding is the best thing you can do for profit if you do not know anything about cryptocurrency or the crypto market. MAny holders have multiply their balance to many times. HOlding bitcoin is the safest way but if you want to earn more money, hold other coins such as ethereum, NEO, ripple

Well, now we can see that advises in the manner of "invest in other than Bitcoin crypto to earn more" are not always good ones. Let me demonstrate with numbers that the above advice was wrong and should be rather formulated as "if you want to lose more money, hold other coins ... "

Here's how the price of coins mentioned in the quoted text has declined since the time of posting, May 28, 2018 to this day:

BTC $7,200 -> $6,465

ETH $579 -> $193

XRP $0.61 -> $0.27

NEO $50 -> $18


As you can see Bitcoin has lost roughly 10%, while all the other coins from the list have been deprived of 50%+ of their price.