Question: How difficult is it to speculate on altcoins?

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BITWU.ETH
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1 year ago

Question: How difficult is it to speculate on altcoins?

According to data from @lookonchain, only 42 cryptocurrencies have outperformed #Bitcoin in terms of price increase this year, with meme coins leading the pack, followed by AI concept coins.

Previously, someone conducted a statistical analysis:

In the past 3 years, the price increase of $BTC was 81%, and only 90 tokens outperformed BTC.

During the same period, there were approximately 1252 altcoins with a market value exceeding 10 million. This means that only 90/1252=7% of altcoins outperformed BTC.

In other words, you only have a 7% chance of accurately hitting the jackpot, which is like finding a needle in a haystack.

Moreover, selecting the right coin is just the first step. To truly achieve a hundredfold return, there are numerous severe pullbacks waiting for you along the way. You also need a lot of luck, and you need to buy at relatively low points and sell at high points. The road ahead is long and arduous!

I'll tell you one truth: the majority of altcoins are issued with the hope of exchanging your BTC, ETH, or even the founder has no intention of holding them for the long term.

Both you and them are making speculative money, it's just that they will run faster than you.

So, if you don't have solid technical skills and dedicated time, and you want to be a more relaxed person who doesn't have to watch the market all day, there's nothing more suitable than regularly investing in Bitcoin.

The power of compounding will always be more substantial than short-term profits!

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