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RE: An insane truth I learned about Cryptocurrency in 2017.

in #cryptocurrency7 years ago

Everything in this sphere is a gamble. But the basic truth is that you would have had a 100% chance to more than double your gains if you dumbed Bitcoin for at least the more popular alts on 1/1/2017. That means you there was no gamble about it.

Back then it may have felt like a gamble. But it was more or less, a linear increase in profits had you gone with any of the other coins.

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Exactly, it was evident that advertising and adoption of early coins was going to cause a linear increase in lesser cryptos just due to the fact that they get traction when people start knowing anout them. This why I bid on XRP. It was a fairly unknown crypto compared to BTC and ETH on 1/1/17, yet they were building a sound product and giving meaning to the crypto instead of just letting the masses dictate the value of the coin.