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11626458 No.11626458 [Reply] [Original]

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.

>> No.11626516

It's why I hold LINK and ZEN. The days of gambling on chink shitcoins are over, the veil has been lifted.

>> No.11626526
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11626526

>>11626516

only bagholders are super late adopters see it otherwise. Considering the market, it's stupid as fuck. None of the alts from 2014 outside of top 5 mooned in bull run. those that did were dwarfed by new coins.
buy the fucking new coins when bull is on the way.

Why tf is anyone holding any alts anymore outside of top 10 or 5 even?

>> No.11626562

>>11626458
This is correct but when you try to explain this to plebbit they don’t understand

> muh you need to go back

Fuck off we all go on there or twitter to get multiple sources of news.

If there are legions of bagholders, there is going to be so much sell pressure on the way up

>> No.11626589
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11626589

>>11626562

not only bagholders to unload, but also people who are in it short term selling the rally to gain profits. Factor in the fact that everything is priced in and the hype and illusions are gone too.
Look how the reddit favourites have faired. You think Vechink will ever reach ATH? LOL. Their Partnerships have even lsot effect now and do nothing.

I will simply wait for confirmation of bottom and bull to gain momentum. Then buy new alts. Like January 2017. a good few months after bottom but bull well on the way. buying the new alts then was EXTREMELY profitable cause nothing was fucking price din and no bagholders.

>> No.11626705

>>11626526
The coins in 2014 were absolute trash, namecoin, iocoin, sexcoin,primecoin, namecoin. etc etc . All of them tried to compete with BTC , with no real use case

>> No.11626726

>>11626705

>doesnt realise all these scam coins are trying to compete with eth and don't bring anyhting unique to warrant their existence

They have so much against them you are either tarded or a bagholder to have them. But new alts that emerge between now and bull.

>> No.11626785

>>11626458
i don't get why a lot of faggots are SO fucking vested into a coin/token that they are willing to practically die for it.

kinda like democrats and neoliberals.

who gives a fuck as long as it makes you money?

I made money off Bitconnect. Am I a fucking retard for getting in a ponzi scheme, profiting, and getting the fuck out?