Don't listen to maxis, and don't put your money into bitcoin. when i started in early 2017 i could only afford to buy 2 bitcoins. but after a month i saw there was more opportunity in the market and got bored of bitcoin. after only doing about 13 trades the last 3 years my portfolio is now worth 107 bitcoin ($1,280,000). if i just had hold bitcoin that would have been only $24k. even if another crash happens and my altcoins loose 50% in sats, i still have made way more trading alts. and its not like i'm some super smart day trader. i just look on biz for good coins and then buy when they have a nice crash, and sell when they have gone up too much.
Don't listen to maxis, and don't put your money into bitcoin...
No one is saying go full maxi
But don't act like late 2017 didn't absolutely destroy your portfolio
Your argument is hollow in any case. If you had sold into BTC at approximate times you would have far more than 107
btc is currently 58% dominance. this is relatively high. in 2017 and 2018 it went down to 30%. this market cycle i expect it to go even lower. since there has been so much progress in other projects. and bitcoin hasn't changed much since 2017. also it takes way more money to make bitcoin do 2x than something like ADA, BNB or EOS which have a marketcap that is 60 times smaller.
even if i sold all the tops and bought the absolute bottoms i would have only 15x the amount of btc i have (which would be only 30btc). and this is selling the absolute top and buying the absolute bottoms. maybe if you're a really good day trader and use margin and are trading almost everyday you can make nice gains with btc. but for most people i suggest to find a good project that is undervalued, get in cheap, and wait for adoption, and then sell.
and the late 2017 statement is untrue. from oct to dec i was in some shitcoin called elixer( now dead project) which i bought around $0.10 it then went up to $2, i sold in the crash around $1.5. so still a 15x and then went all in on ETH at 5 jan. which i sold in may for a 20% loss. if i had hold btc from oct to may i only hade made a 2x instead of a 12x
survivor bias the post
first of all i'm almost sure you are larping but you are at least aware that 99.9% of those that attempted what you describe lost everything right?
there are so many coins that did way better than bitcoin. for example even high marketcap ones like eth, xrp and ltc did better than bitcoin if you bought early 2017. yeah ofcourse a lot of people got reked by buying alts that already went 100x in dec and jan and now are down 80%. but if you kinda pay attention you can make so much money with alts
i can assure you im not larping. it gets even better though because after i took my eth loss i went almost all in on LINK at $0.35 and haven't sold since(i did a 46X). this week i made it above a million. started with 2k in 2017
just listen to /biz. all the coins i went into where heavily shilled on /biz.
not long enough term no.
bitcoin pretty much outperforms every other asset over time. and that's my problem with fags cherry picking timeframes and entries and exits. it's not repeatable you are basically saying "git good at trading and you make more money than hodling" no shit sherlock.
no im not saying get good at trading. i have only held about 5 coins in total besides bitcoin. and my smallest time frame of holding was two months. longest is two years. with 13 trades i meant in total over 3 years and that was only between 5 coins and usdt. my last trade was feb this year and before that i didn't make a trade for 1,5 years. so im mostly holding
and i'm not cherrypicking at all. this are just my trades.
im just saying this for your own good. maybe this is gonna be the last bull run with significant gains. and this will be the last period where you can make insane amount of gains. im sure bitcoin will also go 4-6x from here but if you do a bit of research you can be in coins that will do 20-50x.
I'm a Bitcoin maxi that trades shitcoins. I believe Bitcoin is the only coin that has a chance at being a global currency. But altcoins have nice gains so I gamble on those to make more Bitcoin. If you think any of these shitcoins will be around in 5 years you're retarded, that includes ETH.
you're right about that most shitcoin have a life span of about 1-2 years. doesn't mean if you look for the right ones that you will make a killer. i think soon i will also get a bit more btc since im now into 7 figures, and i rather make a safe 2-3x than a risky 10x
BTC is for after you make it imo. I will buy some eventually but for now I'm trying to make it and I need lower cap projects.
this. that's all im trying to say. but maxis get triggered and don't want to except that bitcoin won't give you the best returns.
>no im not saying get good at trading.
yes that's exactly what you are saying. i can probably show you a hundred coins that would have get you rekt for every one that panned out for you same period.
>bitcoin won't give you the best returns
cherry picking
but bitcoin is the only one almost guaranteed not to get you rekt if you hold and give you a 100x within a decade.
that's literally cherry picking. man don't you get it? alts are a money pump that pump btc from retards to scammers. you can get lucky sure. there is no repeatable recipe.
meanwhile anyone that dca-d into bitcoin the past few years is massively in profit. no matter where he started in 2017 top, or earlier or later.
i just listened to /biz.
late 2016/begining 2017 ETH got heavily shilled at around $8 within 5 months it went 40x
summer 2017 antshares(neo) got heavily shilled here at $5, it went to $200.
after that link got heavily shilled here at $0.2 it's now $19.20
>i just listened to /biz
again cherry picking because Zig Forums says EVERYTHING and the OPPOSITE
there is no proven repeatable recipe except for btc dca strategies. everything else is just getting lucky on a bad gamble or trading volatility professionally.
i remember hashocean and bitconnect was more heavily shilled here as well than anything you can pull out of your ass. did you put money into those as well?
You should always listen to the autism on Zig Forums
For me that means which coin has the best memes? Lots of shit coins have stolen and rehashed Chainlink memes so that's why I knew to avoid them. Chainlink had the best memes so that's why I bothered researching into it and buying a fat fucking stack.
Follow the memes.
it's not cherrypicking just listen to /biz. i did a 500x in 3 years, but you advise people to wait 10 years for 100x. bitcoin is now $12.000 and i don't think it will be 1.2 million in ten years. that's unreasonable. you don't want people to make it. i got helped by /biz a lot and hope people will not make my mistake by wasting 2-3 months on bitcoin but start making gains with altcoins so they will have a nice stack once the real bull market starts.
>Follow the memes.
rofl
>wasting 2-3 months on bitcoin
rofl you should hold bitcin for
... years not months. it outperforms traditional markets greatly in pretty much any 3 year period. as for the next few months no one can tell which coin will go where. not even bitcoin it's just bullshitting. you are gambling and sometimes someone gets lucky.
no because those are obvious scams. if you looked 10 min into bitconnect people will obviously see it's not a good investment. but eth, neo and link, where actual good projects. and so much research was posted on /biz that you have to be really lazy or dumb to not understand those where good investments. eth was a new paradigm. antshares was at that time cheap chinese version of eth with good backing. and link was just necessary for eth, and had so much good breadcrumbs.
how do i get lucky 3,5 years in a row? just easy for you to say it's all luck. you just salty.
Full maxi is not good, but you should have some BTC on you for the long haul.
I think a lot of people correctly identified Bitconnect as a scam but thought they could get in and out and actually invested (and lost)