Why won't altcoins follow the fate of Bitcoin?

Many of us have a hard time forgetting the missed opportunity to buy Bitcoin for a couple of dollars per coin, which is why investing in altcoins is so popular today.

Most investors understand that there are practically no prospects for Bitcoin’s record growth, but for a cryptocurrency worth less than a dollar, the future seems quite promising.

It is clear that it seems more realistic that a $0.10 coin will become worth $100 than a $50,000 coin will reach a price of $5,000,000.

That’s why many investors love to buy cheap cryptocurrencies, dreaming of sky-high prospects.

Is it really possible to still make money investing in altcoins?

Yes, you can earn money, but unfortunately not as much as many of us would like. It is quite possible that almost any cryptocurrency will rise in price several times, or even tens of times.

But it’s unlikely that anyone will be able to repeat the fate of Bitcoin, and there are several explanations for this:

A large number of coins in circulation - most of the new cryptocurrencies have simply a huge number of coins, which sometimes amounts to trillions of pieces. And something that is a lot cannot be expensive.

For example, the high price of Bitcoin is also due to the fact that the maximum number of coins in circulation is no more than 21 million. At the same time, many of this amount were irretrievably lost in soybean times.

Low liquidity – many of the new cryptocurrencies are quite difficult to buy, sell or exchange; about a hundred crypto-assets are in demand.

The emergence of stablecoins - this type of cryptocurrency has taken over a fairly large part of the market; most users prefer to use it in calculations and store funds exclusively in stablecoins .

New cryptocurrencies that are now entering the market pose a particular danger. To attract buyers, there is aggressive advertising, promising thousands of interest after listing, but in fact, 90% of new cryptocurrencies turn out to be unprofitable.

In the current situation, you can earn much more not by waiting for a long time for the price to rise, but by dynamic trading.

Just remember the latest example with Ripley , in just a few days the cryptocurrency fell to $0.42, and then soared to $0.61. Providing excellent prospects for short-term traders.

You can earn much more from such fluctuations than from waiting for the growth of losercoins, many of which have already been delisted.  

You can trade Ripple with the following brokers - https://time-forex.com/kriptovaluty/brokery-kriptovalut