Not true. A variation of it would be things like Litecoin, Doge, Peercoin, Feathercoin, and others....
And look where those coins are, forgotten. So you can't just randomly put your money in any random coin that spawns in the hopes that all of them could make huge ROI, it's doesn't work like that.
I don't do that, I look for value in the currencies that I invest in, I don't just randomly put money anywhere.
Although it makes you wonder, somebody recently put out an investment strategy, supposedly if you had invested in the top 20 cryptocoins by market cap in the past 3 years, it would have been profitable.
But I usually invest in low marketcap coins so there you have to separate the crap from the good ones, and that takes skill.
Not true. A variation of it would be things like Litecoin, Doge, Peercoin, Feathercoin, and others....
And look where those coins are, forgotten. So you can't just randomly put your money in any random coin that spawns in the hopes that all of them could make huge ROI, it's doesn't work like that.
I don't do that, I look for value in the currencies that I invest in, I don't just randomly put money anywhere.
Although it makes you wonder, somebody recently put out an investment strategy, supposedly if you had invested in the top 20 cryptocoins by market cap in the past 3 years, it would have been profitable.
But I usually invest in low marketcap coins so there you have to separate the crap from the good ones, and that takes skill.