Quote from: Chiomaobi on July 22, 2024, 02:25:01 PM

I'm not saying Bitcoin investment is not the best investment in the crypto world I'm just saying there are other good coins and some coins has been for a long time now,

I understand what you saying but the thing is they are considered good for now
What about in 10 years time?
How many of this said good coin would survive till then
Bitconnect,FTT among others are proof of that.

Altcoin is like a fancy word to saying counterfeit coins.

Quote from: wxa7115 on Today at 08:26:23 AM

Getting 10x: 1000% * 0.01 = 10%
Getting small profit: 20% * 0.2 = 4%
Breaking even: 0% * 0.2 = 0%
Small loss: -20% * 0.39 = -7.8%
Catastrophic loss: -100% * 0.2 = -20%

And when we add all of those results we get -13.8%, this number represents the expected value of deciding to put your money into a shitcoin, and while the numbers are arbitrary, they do reflect the reality, as it is often necessary for those interested in shitcoins to get burned several times before losing most or all of their capital, so basically anyone taking their chances with those coins should expect on average a loss close to that percentage of any money put into a shitcoin.

So I hope this illustrates how bad it is to try shitcoins, and anyone considering to use their savings to invest, sticks with bitcoin and nothing else when it comes to this market.

I don't know how you calculated it but the probability of getting times 10 or more should have the lowest odds
And going dead or catastrophic loss should have way higher odds more than 0.5 if am not been bias
A risk of 13.8% is quite low for shitcoins.
Even Ethereum the face of all shitcoins have a higher risk than that.
And risk isn't calculated as such.