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    Author Topic: Bitcoin vs Altcoins?  (Read 1114 times)
    darkangel11
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    Don't let others control your BTC -> self custody


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    October 15, 2022, 12:18:13 AM
     #41

    For me it's very simple.
    Altcoins follow bitcoin but bitcoin doesn't follow altcoins, which means that if you put money in bitcoin and it goes down in price your potential altcoin investment would lose you money too, but your altcoin investment can go down on its own as well, even when bitcoin is pumping. Altcoins are just additional risk in an already risky environment.

    You want to be safe, you buy gold.
    You want some risk in your life, you buy Apple stock or Coca Cola like Warren.
    You want some more risk, you buy tech stocks.
    More risk? Get Bitcoin.
    Even more? Get ETH or BNB.
    Want to go crazy? Buy some shitcoins, but don't come crying later. I personally know people who were buying game credists in 2018 for 3-4 USD. Check the price now. I also know a guy who bought HEX for 0.2 USD, it went to 0.5 and I told him to dump it because it's a shitcoin but he was swearing to me that it's going to 1 USD Now it's closer to 0.01 USD than it is to 1.

    When you think you lost a lot of money because Bitcoin went down 50%, think of those people who thought altcoins were better. Some of these guys are between -90 and -100%
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