Post
Topic
Board Altcoin Discussion
Re: How did your portfolio do in the first part of the year?
by
jaberwock
on 18/07/2024, 18:05:22 UTC
Hey mates, good day. We've reached the second half of the year—how are your portfolios doing? Are they underperforming or overperforming?

Here's an analysis from Forbes on how some memes/altcoins performed. https://www.forbes.com/sites/dereksaul/2024/07/04/these-meme-coins-outperformed-bitcoin-in-2024-first-halfs-600-billion-crypto-rally/. What's your take on this?
Since this movement began bitcoin has grown 200%, and I suppose there are many altcoins that did the same or grew even more than that, so if anyone that has been around at least since that time is presenting losses then they need to reconsider whether they have any skill as traders.

I say this because it cannot really get any easier than this, and if even under this environment a person is failing to make any money, this just shows they do not really have any skill as traders or investors.
200 percent growth really? Deym that was a lot and if it's really true then they should not say that meme coins outperformed Bitcoin and if there is something that has been outperformed that would only be the meme coins. Anyway, with or without an increase like that BTC will always be the leading crypto and I'm confident that it won't be changed anymore.

People think that BTC was outperformed because other coins are on hype but that is only an illusion. We should only based on the numbers when checking stats and not on that. Aside from BTC, there's also alts that can outperform the meme coins easily. A skilled trader can still experience a loss, so losing during those times were not a good indication to question someone's ability.