Post
Topic
Board Altcoin Discussion
Re: Altcoin season is not here yet.
by
Moeda
on 19/07/2019, 17:02:49 UTC
To invest in Altcoin can also generate a lot of profits. Although the price is much lower than Bitcoin. With a large amount can also get a lot of profit. Let's turn on the calculator properly. Dogecoin is one of the lowest priced coins. If you buy a large amount, say 1 million doge at the current price of $ 0.003249 * 1 million = 3.244.02 USD. If the price rises to $ 0.0035 then you can get a profit of $ 256. I think the price is not too complicated to increase.
It is the same, ten percent of increases in bitcoin will give same marginal profits as ten percent of rises in altcoins. The point is such significant rises more often occur in altcoins, rather than in bitcoin. This is why invest in altcoins ATM is better than bitcoin.
Of course it's the same, even more profitable if you buy an altcoin. The reason is that when the price of Bitcoin rises, those who hold altcoins that can be exchanged for Bitcoin can also produce double, compared to altcoins that exchange with USD.