Post
Topic
Board Bitcoin Discussion
Re: Invest for Bitcoin
by
leetcoiner
on 25/09/2018, 20:52:27 UTC
In the cryptocurrency market, there are two types of crypto. It's Bitcoin and shitcoin. All crypto are in motion and are dominated by bitcoins. The future of bitcoin is unpredictable, you should not trust any shitcoin, including ETH. I believe Bitcoin is a bubble, but
- "Just because a market is in a bubble does not mean it's going to die." Bitcoin has been through over half a dozen big bubbles and increased in price after each one "
If you are a long-term investor, the best way to minimize risk is to invest in bitcoin. As for shitcoin, you should only invest in short term
- "You can make money trading the momentum and hype in shitcoins, just do not invest long term"

I would not say that ETH, Ripple or Stellar can be so boldly called shitcoins. If you look at the statistics of growth in a certain time period, you can easily notice that these coins develop much faster than bitcoin, and also have a higher probability of remaining on the market for a longer period than the grandfather of bitcoin. I think you're wrong here.