So i did some research into crypto and especially alts and i still have a lot of things to learn but one thing i have noticed is that people trash talk alts and hype only BTC and ETH. Understandably enough these 2 are the most safe bets anyone could invest their money in a high volatility market that crypto is. And that’s respectable.

But saying that all alts are useless, are trash and talking only negative about them without any proof other than the proof that these people lost lots of money in them and then moved to BTC and ETH which are more safe, is not a proof that you can’t make money out of them.

There are many factors that impact crypto that you can’t control and others you can at least research about to control your own decisions and make better decisions over time.

Also all the people who invest in crypto come with different backgrounds, different mindsets and different expectations plus different ways of thinking and investing which range from gambling, to hype and fomo, to deep research maybe or from TA and charts and following what influencers and famous people say on social media, X, youtube, tiktok, etc…

Plus the scene of crypto is different each year with ETF addon, and the future clarity act vote, plus macro events that change the economy and many more factors that you can’t even begin to read about, gather info and predict a probable outcome. Nobody knows what will happen. You can only guess and your guess could still be wrong.

In every bear period people were talking about crypto dying, alts dying, and in general they had a negative prediction for the future. And the negativity about altcoins increased after each cycle many people lost money in them and eventually they turned to BTC and ETH which are the safest of them all.

There are many alts that might be scams, rug pulls, others that everything looks good on the surface about the project but their token has no use and will have no demand even if the project succeeds.

But what if there are some that could be successful in the future and their demand increases?

You could invest in BTC and ETH as safe bets.

Or gamble on hype and fomo and speculation, listen to some random influencer or invest in a coin that its name sounds good for you.

Or find some alts that have projects behind them, with strong tokenomics, do on chain analysis, do TA, research the heck out of them like users, revenue, usage, competitors, why them over other companies that don’t use crypto, find evidence to strengthen or question your thesis about them and dca on them monthly, and hodl to them while reading news and keeping track of what’s happening with the project and everything else.

All 3 scenarios could give you profits. BTC and ETH most steady with less upside, gambling in memecoins or anything which might be very high risk and very high upside or with alts and research that could either be high risk high upside or medium to low risk and high upside.

In the end nobody knows what will happen, neither the people who are fanatics on BTC and ETH and hate on altcoins, neither the people who buy altcoins, neither the gamblers, neither the people that act on hype and fomo. Nobody knows. Maybe crypto will die tomorrow, maybe crypto and some alts will be the future.

What if there are altcoins that will be used and have demand in the future with a very high upside that now seem like high risk and lost cause and it might take hours of your life researching, reading and learning to even identify one before even news come out about it? But then you could still be wrong cause nobody knows. You can only strengthen what you believe based on what you learn, read and listen to and that’s why many lean towards BTC and ETH but still they could be wrong cause any time the crypto market might crash even if it’s a 5% probability.

So prove me wrong with facts and with a logical and thoughtful answer why altcoins are dead if nobody knows the future, nobody can predict accurately what will happen, if even BTC is not bulletproof to dying if anything new is discovered and the whole crypto market collapses. Many things could go wrong for crypto in general in the future or many things could go right. Maybe crypto and BTC disappear, maybe from now on only BTC, ETH and another top 10 – 50 altcoins will dominate the market or something else completely might happen that we don’t know cause regulations change, macro factors change, companies invent new technologies and advancements, people’s emotions change, and everything is generally unpredictable.

In the end the whole crypto market is a gamble. Some bet on the safest bets, some on the less safe, some on the 1% chance and some manipulate and influence the sentiment or create rigged coins to gain profits from others…

submitted by /u/Traditional_Most105 [link] [comments]r/CryptoCurrencyRead More

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