I think Haejin is a legend but i think what bernie means if he could speak with respect is, why make all these videos of all the coins that clearly are not going to do anything but follow Bitcoin movements until Bitcoin breaks out.
The alts are amazing for making money on paper... but its so important that people understand this... its only on paper. It may be equal to 0.2 of a Bitcoin but that means nothing if you dont change it to Bitcoin.
Bitcoin will crash many times this year and with it the alts will fall as well. Why? It is because 90% of alts are only in idea stage... they havent even got a product yet. Checking recently on Github i was shocked at a particular red hot coin at the moment having only one person working on programming... this is serious.
Yes, Haejin will say its all about sentiment, and he is right. People in this space dont care about whether a coin has a product, a team, nothing. Greed blinds them. They only care about money. What is the point pumping money into a coin that is going to crash 3-4 times this year back to the same price it is now.
This makes no sense. The alts have one purpose in the short term. Making money to buy Bitcoin.
I think Haejin is a legend but i think what bernie means if he could speak with respect is, why make all these videos of all the coins that clearly are not going to do anything but follow Bitcoin movements until Bitcoin breaks out.
The alts are amazing for making money on paper... but its so important that people understand this... its only on paper. It may be equal to 0.2 of a Bitcoin but that means nothing if you dont change it to Bitcoin.
Bitcoin will crash many times this year and with it the alts will fall as well. Why? It is because 90% of alts are only in idea stage... they havent even got a product yet. Checking recently on Github i was shocked at a particular red hot coin at the moment having only one person working on programming... this is serious.
Yes, Haejin will say its all about sentiment, and he is right. People in this space dont care about whether a coin has a product, a team, nothing. Greed blinds them. They only care about money. What is the point pumping money into a coin that is going to crash 3-4 times this year back to the same price it is now.
This makes no sense. The alts have one purpose in the short term. Making money to buy Bitcoin.