Post
Topic
Board Speculation (Altcoins)
Re: Investing in Alts instead of Bitcoin for far greater returns (or losses)
by
adroitful_one
on 29/01/2020, 03:07:59 UTC
At the risk of going against what most Crypto investors suggest, I've decided to keep the majority of my portfolio consisting of projects from the top 20 Alts (apart from BSV and BCH which are shitcoins) working on the assumption that many of them are down by a far greater percentage in the last few years than bitcoin which has actually gone up Smiley

I'm well aware its a gamble but I'm prepared to run the risk of either making insanely large profits or losing my $2K investment especially after watching the markets the last few days, Alt prices have gone up and down faster than a hookers knickers  Grin

Your thoughts peeps? am I stupid, brave, a pathological gambler or a combination of the the three?
You are on the safer side since you invest in top 20 altcoins but still why exclude bitcoin? Taking out profits from time to time can make you double your bitcoin in no time, just look how bitcoin is pumping between 9k and 8k, buying low and selling high will bring better profit in short time

Or another thing you could do that will possibly work out pretty well is just hold Bitcoin until you make a pretty decent profit, then trade the Bitcoin for whatever altcoins you want to hold. I think as more people start cashing in their profits from holding Bitcoin for this last little while, we should start seeing more of them investing in altcoins and the price of those should start going up. I don't have any charts to back it up, it's just a theory I have. Seems logical to me that people will start looking for other investment opportunities whenever they cash out their Bitcoin profits.