Quote from: fruktik on June 19, 2024, 07:20:06 AM

Quote from: mk4 on June 16, 2024, 04:32:50 AM

I and a lot of people here frequently say that BTC is the better pick for the masses(which has always been true), but regardless, I'm usually only like 10% BTC overall most of the time because I like risk and I have been historically successful with picking altcoins. But this cycle? I have far fewer altcoin holdings and am more concentrated on BTC as the r/r has gotten worse with altcoins, and I think a lot of people will be disappointed — regardless if we generally continue to go up or not.

You're not the only one with a deteriorating attitude towards altcoins. Most likely, this reaction is widespread among the crypto community. Lately, one can only read news about projects going down one after another, and also tends to shave hamsters all the time. Only a small number of those who have something from alts. This has become the norm in recent years. It's already taken for granted. If the process continues at the same pace, we will all rely only on those projects that are in the top 10 list.

I'm not also into altcoin, but from what I understand, it's going to be cyclical. From the get go, ICO-IEO-IDO and what is the next hype, for sure there are investors who are going to make money x100 or even higher and we have seen this already.

But the thing is that it's risky for us, specially if in the beginning, we fell in love with Bitcoin and that is the only coins that really give us good profits. Some might divert, but for sure it will only be in the top 10 or top 20 altcoins. I have nothing against those who take risk, but for some, not worth it and so we can only stay with Bitcoin.