Post
Topic
Board Speculation (Altcoins)
Re: REASON WHY ALTCOIN MARKET HARD TO SPECULATE
by
||bit
on 13/04/2022, 22:28:47 UTC
This is based on personal observation and studies of the altcoin market of a period of 2017/22
Altcoins are said to be the alternative cryptocurrency aside from Bitcoin and many of the altcoins are decentralized and also centralized, unlike Bitcoin which is highly decentralized and out of the control of anyone be it the developer or government Bitcoin has a total circulating supply. But Altcoin is developed by individuals e.g Vitalik Buterin Ethereum developer and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.




Actually bitcoin or crypto is not hard to learn,just your mind should be broad minded.Only convective will not accept the new technology.Because they will defend the old technology is best then new one.Even many people not brought of bitcoin at the beginning of launch.Only by this way,once the price increase to huge numbers.So accepting the new technology at the beginning,you will earn huge at end.