Quote from: TimeTeller on July 24, 2021, 11:59:38 PM

Quote from: South Park on July 24, 2021, 08:46:47 PM

Quote from: sergiorus on July 18, 2021, 09:07:52 PM

we are at the stage when its not about a coin but about the time when you buy in
imho not a single big crypto will do 100x from the current levels, need to wait to buy the bottom for the ultimate gains opportunity
but still it has to either be really low (march 2020 levels or so) or you have to enter more risky territory of midcap shitcoins and lower

And neither scenario is very appealing, there are a lot of people that say that they are waiting for the bottom to materialize but when it is reached they are the ones that are paralyzed by the fear and do not buy anything during that time, this is what happened in March of last year, everyone was scared the price could go even lower due to the instability that the pandemic was bringing, and investing in coins outside the top 20 is very risky and if you want to make 100x in profits you will probably need to invest in coins outside the top 100 and that is simply unacceptable for most investors out there.

That is true, once they see that the price is falling, instead of buying they are running away.
Don't look for potential 100x coin but look for solid projects with active developments.
Because if they have strong presence in the market, only matter of time that they will increase their value.
But hard to say you will make 100x profit, but at least you know you will gain positive one if you select a strong project.
Much better than holding hyped up coins that can easily go down the drain.

I have always thought that those that are looking for something so big are investing really low amounts of money on the markets, so if for example a person invested the equivalent of one year of his salary in bitcoin and did so when the price crashed in March and then sold at the ATH then that person will now have 12 years worth of savings, even if that is not life changing money at the same time it can be more than enough to make your life way easier from now own and that is just the money you could have gotten by investing in bitcoin during one year but for some reason newbies do not see this.