The only enemy of cryptocurrency trading is yourself!
Investing is actually an industry with a high threshold, but you only need a mobile phone/computer, a mobile phone number, and an ID card to enter the CEX cryptocurrency trading market, but this does not mean that you can make money. The cryptocurrency market is ultimately a market composed of people, and people's greed, anger, ignorance, slowness, and doubt are all expressed here vividly!
01 About gambling and altcoins Playing altcoins is gambling, and holding Bitcoin is the right way. This is a very strange argument in the current market. Fixed investment in Bitcoin is also strongly recommended by a group of bigwigs, but which of these bigwigs' early history of wealth is inseparable from altcoins, or even CX coins. Listening to the bigwigs advocating fixed investment in Bitcoin, and then starting to embark on the road of fixed investment without knowing why, isn't this gambling?
Whether it is gambling or not, it has nothing to do with the currency. The root of the gambler's mentality is: ignoring the current trend and operating according to one's own greed, fear, and hope. For many people, the currency circle is purely a big casino. In A-shares, many people also think that A-shares are casinos.
With this mentality, people like this don't need to stay here. Wouldn't it be nice to go to Macau and have some fun? Looking at the market with a pair of gambling eyes, the result is bound to be tragic. The moment you step into the market with the mentality of a gambler, you will be pulled by the web of karma. Then the tragic ending is already doomed in advance. No matter how you make trouble, it is a gamble.
Back to Bitcoin and altcoins, there are always people who belittle the altcoin group as worthless. Without the altcoin Ethereum, how can Bitcoin achieve what it has today? Bitcoin, as a pioneer, and the subsequent altcoins are in a symbiotic and complementary relationship, not competition. Bitcoin itself cannot fully stimulate the potential of blockchain, and altcoins are needed to extend and expand. In comparison, for ordinary investors, high-quality altcoins are a better choice because the odds are relatively higher.
But there is a basic fact that in the long run, altcoins that can outperform Bitcoin are rare. Of course, in any market and any era, there are always a small number of people who can become legends.
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