The people who keep saying that it's already "too late" to buy Bitcoin are those same people who buy and hold shitcoins cycle after cycle and they HOPE that what they're holding will have the same long term price movement as Bitcoin, WHICH many of them won't because they're actual shitcoins.
There are also those other "investors" that want to make their millions in one mere cycle, and they use all of their life savings to those shitcoins that are "over-performing" against Bitcoin. Merely less than 10% of them actually make their million and they are usually the Cabal of those shitcoins.
¯\_(ツ)_/¯
There are also those other "investors" that want to make their millions in one mere cycle, and they use all of their life savings to those shitcoins that are "over-performing" against Bitcoin. Merely less than 10% of them actually make their million and they are usually the Cabal of those shitcoins.
¯\_(ツ)_/¯
Every time a new cycle comes around, people somehow talk themselves into believing that their 'random altcoin' is the next Bitcoin, completely forgetting the big picture.
Fundamentally, Bitcoin performs better than every other coin. Its adoption, decentralization, and the fact that big-time players consider it to be digital gold are what will make sure it crushes all others in the long run.
It seems like a lot of these over-performing coins are only doing well due to temporary winds of speculation regarding rise and fall.
Nobody has ever said investing was about 'getting rich overnight.' No, sir. Instead, it's about sustaining and growing wealth in the long term. It sure seems like a lot of people who get FOMO and invest x number of dollars into a coin that people are talking about reaching the moon in the short term forget that.
A lot of people forget that around 90% of these coins won't exist in a couple of years, nevermind beginning to outperform Bitcoin. It sounds like people are gambling on a lottery or something instead of holding onto something low and steady. For building a fortune, consistency is better than a "big jolt".
