I would agree with you if any of the altcoins were of similar quality in terms of fundamental soundness. None are even playing the same game much less on the same field.
I mean no offense but your strategy of let's see what hits and diversifying your portfolio is a long term strategy based on a flawed premise that more than one coin will emerge. But alts will all go to zero in the long term because none are truly solving a problem they aren't creating for themselves or doing it better than something else that already exists. Fundamentals matter in the long term.
Maybe there will be those that limp along. Some will pump, all will dump. Plenty of scalping to be had, no doubt.
But you're going up against forces stronger and more connected than you. I've been on the inside of both the crypto and traditional hedge fund worlds in a professional capacity for my entire career. I know how it works and the little guy rarely wins.
Bit 🐳 Ish
npub13c…wkzpe
2023-10-24 02:45:26
in reply to nevent1q…w59w
Author Public Key
npub13cnlldwfhwxd6qf34hnwlfya2m2qrd2zfk0alxnrup6d2fasw9wqxwkzpePublished at
2023-10-24 02:45:26Event JSON
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"content": "I would agree with you if any of the altcoins were of similar quality in terms of fundamental soundness. None are even playing the same game much less on the same field.\n\nI mean no offense but your strategy of let's see what hits and diversifying your portfolio is a long term strategy based on a flawed premise that more than one coin will emerge. But alts will all go to zero in the long term because none are truly solving a problem they aren't creating for themselves or doing it better than something else that already exists. Fundamentals matter in the long term.\n\nMaybe there will be those that limp along. Some will pump, all will dump. Plenty of scalping to be had, no doubt. \n\nBut you're going up against forces stronger and more connected than you. I've been on the inside of both the crypto and traditional hedge fund worlds in a professional capacity for my entire career. I know how it works and the little guy rarely wins.",
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