/biz/ - Business & Finance

Reality:
Alts are scams or over promised ideas. They are penny stocks without the regulations.

These coins have so much resistance to go anywhere. Especially those outside the top 10.
Even if we ignore the market metrics working against them ( down 90%, bag holders looking to break even on every rally + short term profit takers. Also, all hype worn out, the smoke and mirrors gone, priced in and hard to hype).
Also, they need everything to go right to start getting adopted and that is extremely slow. The value they give to the world is tiny. Anyone hoping to get rich from these is in for a rough time .There are very few that can moon, and shit like ICX is not there.

Your best bet is to buy alts when the next bull starts. accumulate NEW alts that have never been hyped before in the early stages of bull. Not these old used abused whore coins.
Even poor neets who need low cap alts to make it should do this instead of clinging to scams and dead penny stocks whales have left.
If you think these alts have bottomed and bear market is over, you will be sorry as fuck *if* we break 6k. Alts are a poor metric for he state of the market.

If you learned anything through all this, is that alts are indeed scams, but now you can PROFIT from this knowledge instead of being fearful of it.

Its time for round 2. test launch was successful.

This time alts will be obliterated