Thread by Bitcoiner & Crypto Trader
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- Jun 17, 2022
- #Bitcoin #Cryptocurrency
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Which #Altcoin will make 10X next #Bull run? Or 100X?
In the last few days there have been many tweets competing to see who can guess the next altcoin that will make a stellar appreciation in the next bull run.
The odds are stacked strongly against you!
👇👇👇 Thread:
In the last few days there have been many tweets competing to see who can guess the next altcoin that will make a stellar appreciation in the next bull run.
The odds are stacked strongly against you!
👇👇👇 Thread:
In this tweet, I want to follow up on this thread. I recommend reading it:
Many people are still smug from the last bull market and expect a quick reaction to the deep drop and new #AllTimeHigh.
But we are not now in 2020 when the Fed very quickly flooded the markets with massive liquidity.
A prolonged slump can be expected this time.
But we are not now in 2020 when the Fed very quickly flooded the markets with massive liquidity.
A prolonged slump can be expected this time.
Crypto has a short history. Unfortunately, we cannot look back to 2007-2009 and observe its behavior during and after the #GFC.
So the last big #Bull/#Bear cycle between 2017 and 2019 and beyond must suffice.
So the last big #Bull/#Bear cycle between 2017 and 2019 and beyond must suffice.
At the end of the Bull Run in December 2017, the following coins were in the TOP20 according to #Coinmarketcap:
Now it's finally getting interesting. 🙂
First, we'll take a look at the top 10 coins and break them down into those that have outperformed bitcoin and those that have fallen behind after the end of the bear market between February 2019 and now.
First, we'll take a look at the top 10 coins and break them down into those that have outperformed bitcoin and those that have fallen behind after the end of the bear market between February 2019 and now.
Unfortunately, there are significantly more losers... 
Now we come to the second ten.
Unfortunately, I can't show you any winners here.
All coins fell short of #Bitcoin .
Unfortunately, I can't show you any winners here.
All coins fell short of #Bitcoin .
Let me show you the chart without ethereum classic. You can better see the comparison over the last years. 
Let's try a little calculation.
Let's fictitiously buy all 19 coins in the same ratio at the beginning of this period and hold them until now and compare them to bitcoin.
Basket of 19 coins appreciation: 133%
#Bitcoin appreciation: 482%
Bitcoin appreciated 3.6x more.
Let's fictitiously buy all 19 coins in the same ratio at the beginning of this period and hold them until now and compare them to bitcoin.
Basket of 19 coins appreciation: 133%
#Bitcoin appreciation: 482%
Bitcoin appreciated 3.6x more.
Finding a winner in thousands of coins is very difficult. Practically impossible!
If you really want to try, you should at least go the route of buying as many larger coins as possible.
But then again, you can't count on huge returns in the thousands of percent per year.
If you really want to try, you should at least go the route of buying as many larger coins as possible.
But then again, you can't count on huge returns in the thousands of percent per year.
My approach is I have been holding and buying bitcoin for a long time, now at a discount. 🙂
I don't want to hold altcoins long term, I just trade them. Their huge volatility is a big advantage.
As an example of a trading idea you can read this thread.
I don't want to hold altcoins long term, I just trade them. Their huge volatility is a big advantage.
As an example of a trading idea you can read this thread.
Of course, you have to decide where you want to invest your money. But please don't jump into the market just because there are big drops.
It might not pay off.
It might not pay off.
Thank you for reading.
If this thread could help anyone please consider a retweet.
I will gradually add new studies, please consider following.
Thank you again.
If this thread could help anyone please consider a retweet.
I will gradually add new studies, please consider following.
Thank you again.
