Quote from: guydin on August 02, 2019, 08:18:30 PM

Quote from: bryant.coleman on August 01, 2019, 03:13:09 AM

Quote from: narukami on July 15, 2019, 04:47:27 PM

Many altcoins holders now are really frustrated and i really feel there loss, but i think bitcoin will continue to be stronger and many altcoins will crashed, that's why many investor are choosing to put there money on bitcoin over altcoins now.

I still don't understand why people invested so much on the alts. In the world of crypto-currency, there is no room for 100,000 different coins. At the most, 100 or 200 may survive for the long term. The problem when we have so many different altcoins is that even if a project is good, it gets drowned out among thousands of other crap projects. And what surprises me the most is the resilience from the investors, who continue to pour down their hard earned money in to these shitcoins again and again, despite incurring crippling losses everytime they do so.

In the end, people would always ignore the copycats unless the latter could prove that they are substantially better than the original product. In case of altcoins, this hasn't happened. They are not superior to the original product (Bitcoin) and most of them were created just to fatten the pockets of the promoters.

Many of them are aware of the fact that most tokens will die. They simply want to take risks and invest in pump and dump coins to be those smart guys, who would manage to get rid of their shitcoins before they fall and touch the bottom. I do not gamble with this stuff. Bitcoin investments seem to be the most promising ones, and I buy BTC and several trusted alts.

Investing in pump and dump coins can be a very risky option. Because the chances are that you are very likely to invest in a token, when the pump is going on. Before the pump, the coin will be most likely remain virtually unknown, being traded in just one or two small exchanges. Only when the pump starts, it will gain attention from the mainstream investors.

Your luck may depend on the duration of the pump. In case it lasts for a few weeks, then you may get enough maneuvering capability to get rid of them at a decent rate. But in most cases, the dump starts within a few days and anyone having the tokens in his wallet is likely to incur losses. For the past 7 years, I have never invested in pump and dump coins. Somehow, it doesn't suit my style of investing.