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Originally Posted by jscott
also Homer, your advices comparing 10yo bitcoin to 1 month or year old altcoin are pretty unfair.
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I started mining Bitcoins for fun when they were like $4 a piece...
And why can't I compare 10yo bitcoin with a 3 months old one. That's the first difference right there and for me it means nothing... but profit it can make me does! Look it this way: gold is known for thousands of years but people today spend money on Bitcoins
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do you want to invest in a 50x growth by "playing around with altcoins"? sure we all want huge growth, but which one of the 1400 should we choose? take advices and strategies from whom?
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That's the 2000% question and it's not an easy to answer. I agree that for most folks it's perfectly fine to setup CoinBase account, buy Bitcoin (or Ethereum) keep it for one year right there in CoinBase and then just sell it when in need for money or when investment goal is achieved or whatever. It's perfectly fine..
But then there are other people, like me, that do kind of both... I do have some money in Bitcoin, but I also want to experiment with new things and new coins... I mean I sure do like blonds but I have nothing against other redheads and other flavors... I hope you get what I mean... I just want the best band for my dolla'
Just a quick question for you, taking a pic I posted into consideration, would you rather own Bitcoins or Ripple (XRP) or that XEM thing (hell I have no idea what's that) for the past year? Just asking?
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do you want to invest in something that has 1 decade of proven growth, integration and development for probably a sure, but smaller growth % ? easy, BTC, LTC, ETH, etcetera
... or risk on higher gains but more possible failure by some random altcoin with a cool name?
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It depends on you. You need to do your own risk management and see how much risk you can take for every investment you're making... Maybe I'm okay spending an amount of money on altcoins with the risk of losing it all and you're not...
Like I said be smart!