🚨 BREAKING: US Treasury to Begin Buying Back $46 Billion in Government Debt Starting Tomorrow! 💥🇺🇸
💥 FED PRINTING MACHINE IS BACK! 💥
If you'd invested $10k in $ADA in 2018...
Today, after 6 years, you'd have ~ $3.5k. 😱
🔴 Don't repeat my mistake buying previous-cycle altcoins!
98 out of 100 will never outperform $BTC.
Here are 7 alts to AVOID and how to separate them from gems 🧵👇
Categories of Altcoins to Steer Clear Of:
1. Outdated & Overvalued Projects
- Lacking innovation and growth potential
- Declining in value compared to $ETH
2. "Artificial" Tokens
- Supply managed by teams or ventures, value manipulated
- Prone to drastic price drops, potentially losing 99% of value
3. Projects Based on Outdated Trends
- Old P2E games with high valuations and low market caps
- Strong selling pressure leading to potential losses
Altcoins to Avoid:
1. @Ripple: $XRP
- Purpose: Quick, low-cost international transfers
- Criticism: Seen as an inflated copy of $BTC
- Comparison: $ETH and $BTC are generally better options
2. @worldcoin: $WLD
- Nature: Coin with controlled supply
- Risks: Value manipulation and potential devaluation
- Advice: Unfavorable investment odds
3. @eth_classic: $ETC
- Origin: Split from $ETH in 2016
- Similarity: Nearly identical to $ETH
- Status: Largely neglected by developers with limited prospects
4. @monero: $XMR
- Features: Renowned for privacy and anonymity
- Issues: Stagnant value since 2022, regulatory risks
- Concerns: High valuation, outdated tech, limited prospects, and high risks
5. $BCH
- Origin: Fork of Bitcoin to increase block size
- Goal: Handle more transactions at once
- Reality: Mostly replicates Bitcoin without major improvements
Be vigilant and differentiate between low-quality projects and valuable ones to make informed investment decisions!