I just wanted to for a moment I'd point out an observation I've made of how everyone is a Bitcoin maximalist these days everyone talking smack about out coins they're so trashed everyone hates them and it's understandable because people have lost more than 90% in some cases a ninety five six seven eight ninety nine maybe some even a hundred percent of their money from the best thing into out coins but time and time again when you look at investor sentiment.
In the space the evidence demonstrates that when further set is highest when negativity is at its peak that's typically the time to be buying versus selling and so as long as you pick an out coin that has a half-decent chance of surviving into the next bull market and I've already spoken about how I think actually quite a lot quite quite a large number of out coins will survive many in the top ten twenty fifty will in all likelihood stick around and they're gonna be the ones that outperform Bitcoin go into the next bull market I have very little doubt in my mind about that happening especially when you consider the higher and higher the Bitcoin goes as a one-round unit at the higher that Bitcoin goes from 3 K to 5 K to 10 to 20 and especially in that 20 K plus where it just becomes completely out the reach for any one person to own a single Bitcoin because most people don't have $25,000 lying around that they can invest in something like Bitcoin versus buying a house versus paying off their car etc etc.
The larger that single unit becomes people are going to be drawn to out coins more than ever simply because they can buy those round you net and they have the chance of making much much better gains percentage-wise money to buy $25,000 Bitcoin for it to get to $50,000 to have that kind of 2x in price action that's going to require a significant amount of money this is having your rubbish tiny you know 10 million or in 1 million dollar market cap coin to do a 2x it requires next to no money at all especially with that very low liquidity you can make the price change drastically with relatively little money and so as my mind we're still so early into this market when there's still so much money to come pouring in especially if you get into kind of currency crises with trash fiat currencies in other countries money can pour in the crypto the the chance to make obscene amounts of gains in out coins is so much greater than Bitcoin.
It is what it is and so in my mind it makes sense to position yourself or at least brace for that somewhat I think the people who now decided that at the bottom or somewhere in the kind of bottom region of crypto that now is the time they want to be Bitcoin maximalists that's fine it's a much lower risk play and I'm confident personally as someone who has the majority of my money invested in Bitcoin I think you're in all likelihood probably gonna do very very well or at least I expect to which is why I've positioned my money accordingly but this idea that alkaline is gonna die in the next bull run all the money is just gonna be in Bitcoin to me no chance I just don't see that happening at all.
Al Cowen's will come back with a vengeance the people buying in this kind of region as long as they pick the right coins which make might be the hardest bit of all all are gonna make obscene amounts of money far far outperform Bitcoin and Bitcoin maximalists can cry about this all they like but actually it's a very positive thing for Bitcoin because if they want to if people want to get a hold of out coins how do they do that what do they have to do right now they have to buy Bitcoin so ultimately demand for out coins to achieve set gains to achieve amazing gains that's going to pump up Bitcoin and add further fuel to Bitcoin which means that Bitcoin maximalist ultimately benefit from this.
I want to get with the way I'm not implying any behavior and the action that you should take from this all I'm doing is making an observation that furred negativity around our coins are somewhere near their peak right now and that in all likelihood based on previous cycles as well if and when we do and go into the next ball run out coins will outperform Bitcoin and that's going to be a trend that continues for a very long time because we're such a new industry there's so much money to come in there's so much innovation to occur there's so many people who will want to create their own companies their own coins.
In this space and because again and again and again people feel like they've missed the with Bitcoin there's too late to get involved with Bitcoin even though I believe they would be terribly misguided to do that it will be the case and people will buy out coins to get those or try and get those ten hundred X's as a result so that that is the reality of the situation you can choose to kind of be red pill door work about this if you like or you can be trapped into Bitcoin maximalist idealism that yet the very idea of out coins will be dead and buried in 2019 and we'll never see anything ever again other than Bitcoin and that all the money will come floating in the Bitcoin and all the people who set up I SEOs will magically see the light and they will gravitate towards wanted to build on Bitcoin as well I think there is an extremely low chance of any of that happening so food for thought let me know what you think about this whether you think alkaloids will be back with a vengeance or not and what you're doing about it if that's the case comments thoughts opinions welcome.
Posted from my blog with SteemPress : http://cryptocollecta.com/bitcoin-vs-altcoins-which-will-perform-better-next-bull-cycle/
