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RE: How to become rich by long term investing in decentralization and blockchain technology

in #altcoin • 9 years ago

Agree with you in btc case but look what happens with most of the altcoins,
First level - hype and price going up
Second level - Whales start to sell and dump the price
Third level - The coin never recover because people lost the trust

Of course i think steem may be more similar to BTC than to other alts, i hope

9 years ago in #altcoin by
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     9 years ago (edited) 

    We had a lot of pnd the last 2 years, and nothing was able to stay in higher levels, thats true, but thats because of the very long consolidation of BTC. This was just a very bad time for Altcoins as well, but if BTC is ready to go further (which is probably right now) the gains of other coins will also be more persistent.
    I maybe didn't write that, but I also wanted to point out, that I just don't want to stay only in BTC as other coins will maybe surpass. That's why I suggest to sell only a small percentage, if a coin is really going up, just to compensate the invest. It may go down, it may get worthless, but it also may surpass BTC somewhen. I am talking about really good coins like ETH, XRP, maybe STEEM