The interesting thing is that Bitcoin has already reached a certain level from which x2 or x3 will take a much longer time. If we take this into consideration, is it not, then, worth it to risk on altcoins today more than the previous years? The catch, however, is that it was much easier back then to make gains from altcoins. Today, it's much harder.
I also used to risk on altcoins. I've made money. I've made Sats. But I think I would have been more profitable had I focused only on Bitcoin. I was into it when Bitcoin still had so much potential in terms of price growth. I got the wrong timing. I lacked foresight, just like many of us, and failed to concentrate on it while it was still so cheap.
While hitting that x100 prospect today is like looking for a needle in a haystack, since Bitcoin can hardly even double, will it be a reasonable venture? Today, I'm lazier in terms of altcoin hunting. I'm also a little bit contented of what I've reached so far. It seems I'm already good adding a few more Sats every now and then.
Yep. People were totally underestimating how hard it is to pick the right altcoins back then, and it is even significantly harder now.
The problem with most people is they want to just get rich off bitcoin/crypto. Whereas the best thing to do for most people is to just have a normal job/business and use the earnings to stack bitcoin to boost their wealth.
Because the problem at the moment is there's a lot of scams than profitable altcoins right now that's the reason its hard to decide nor trust on which altcoins we are going since we don't know if their projects will continue to prosper and can able to give us good possible returns. That's why same for other people I usually go with bitcoin since from this coin I don't have any worries to experience any rug pull and can able to let it stay on my wallet then aim to sell it for long term.
But if you have chance to gather altcoin thru airdrops then gain profit then its good since we have extra funds which we maybe could afford to lose on altcoins then try our luck their or just continue to accumulate bitcoin then let your participation on airdrops dictate if you can earn something with those alts.
They need to know that bitcoin is not easy quick reach schemes that's why they should never rely on it and your right just use this coin for investment since if they gain profit then provably with that they can boost their wealthy by the help of their bitcoin earnings.