Quote from: Wakate on October 31, 2024, 09:25:22 PM

Quote from: AsiaHODL on October 27, 2024, 10:02:34 PM

Quote from: PrivacyG on October 27, 2024, 07:40:15 PM

Imagine owning a really bad performing Shit Coin that is based on the Blockchain of a Cryptocurrency that tries to do better than Bitcoin but never can. It is like owning supreme Shit Coins at that point. You can not do worse.

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Quote from: AsiaHODL on October 27, 2024, 10:03:22 AM

I have challenged shxxtcoiners in the past to prove that they can outperform BTC. They all claim they can. But very few actually do in the long run.

And even if they do out perform Bitcoin. You have to be incredibly lucky to pick the right Coin at the right time and invest a decent amount of Money in it so that you make significant Profit. But most of these out performers still make little actual Money to their holders. It is exactly like picking a lottery ticket. As close to Gambling as it can get.

Well alot of these alt traders really have deluded themselves into thinking they can outperform BTC. It just like day traders who delude themselves into thinking they can reliably make money day trading stocks or FX. They can't. But some just take longer than others to realize it.

You need to understand that many traders make more money trading altcoins compared to Bitcoin that is hard to manipulate. Manipulation in the market makes many of these altcoins projects to be easy to trade without much technical analysis. This is not Forex Marketplace where a trader would have to keep reading charts to understand what price could be capable of doing so they can position their trades. Bitcoin can not be compared to altcoins including Ethereum and it's high time we start to think smartly so that we don't have to keep making mistakes of seeing altcoins doing better tna Bitcoin just like you have said. Bitcoin still remains my favorite cryptocurrency in the market.

Well, with respect, people need to understand that whilst some traders "make more money trading altcoins compared to Bitcoin", overall more traders in total lose money trading altcoins compared to Bitcoin. Its a mugs game. The "winners" in the alt coin game are primarily those who launch such coins - and guess what they do - they buy Bitcoin!

But yes, there will always be a new fool who believes they can consistently outperform BTC with alts. Most sadly need to learn their lesson the hard way. But I agree, if we can educate them in advance then we all benefit (other then the shicoin founders).