This is exactly the sort of thing I was imagining as Bitcoin rose to nearly $20k and Coinbase was being inundated with noobs buying all three coins like mad with no idea of how or why.
You are viewing a single comment's thread from:
This is exactly the sort of thing I was imagining as Bitcoin rose to nearly $20k and Coinbase was being inundated with noobs buying all three coins like mad with no idea of how or why.
I heard this same thing from a family member of mine.
"I want to get into crypto too"
So they said they started at the top of the list on coinmarketcap.com and started going down the list in sequential order based on value.
That's hard to do when there are over 1300+ cryptocurrencies listed. So what do they do, they invest in the first 5 or 6 that "seem okay" and that's where they start.
I don't fault them for that... but that's not the real way to do it.
If you look at 2011, 2012, 2013, 2014, 2015 the top 20 cryptocurrencies today are much different. So if you start at the top of the list and work your way down without understanding pre-mines, ICO's, "selling an idea" without a functional prototype, you can lose a lot of money. :(
But... but! We have a roadmap! A whitepaper! GREAT graphics on a website.
Is that truly what people buy? roadmaps, whitepapers, and great graphics?
(Ahem, apparently they do... for now.... but not long-term. We'll get wiser and smarter.)
I was in btc at $28. But, think what you will. The writing is on the wall. You guys can't see the forest through the trees. I'll hold xrp,salt,sub,and ada. You guys hold your bulk in btc,let's see what happens. Bitcoin was the pioneer,and is simply not as good as the new tech. Have a nice day.
I'm going to give you a caution now. If you keep promoting your favorite coins multiple times in this blog, I'm eventually going to consider it as spam to pump your holdings and start downvoting. Please don't do that. It will turn into a flag war.
Let's consider this a topic about pizza, and bitcoin, and less about xrp,salt, sub, and ada and whatever else you're promoting that you obviously must already own.
I count 5 comments from you already. Please stop using the point of this discussion as a way to use this as a trollbox to promote other coins.
No need to flag friend. Was just saying what I own for the 6 month check in. For the record I'm no bitcoin hater, it has changed my life!! And believe as stated it makes new highs. Just think it's very obvious it's days of market dominance are over. Not spamming, have a nice day.