Why won't altcoins follow Bitcoin's path?

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

Most investors understand that there is virtually no prospect for Bitcoin to achieve record growth, but the future of cryptocurrency valued at less than a dollar appears quite promising.

Clearly, it seems more likely that a $0.10 coin will become worth $100 than that a $50,000 coin will become worth $5,000,000.

That's why many investors love to buy cheap cryptocurrencies, dreaming of stratospheric prospects.

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

Yes, you can make money, but unfortunately, not nearly as much as many of us would like. It's entirely possible that almost any cryptocurrency will increase in price several times, or even dozens of times.

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

A large number of coins in circulation – most new cryptocurrencies have a huge number of coins, sometimes in the trillions. And what's plentiful can't be worth much.

For example, Bitcoin's high price is also due to the fact that the maximum number of coins in circulation is no more than 21 million. Moreover, many of these coins have been irretrievably lost over time.

Low liquidity – many new cryptocurrencies are quite difficult to buy, sell, or exchange, with around a hundred crypto assets in demand.

The emergence of stablecoins – this type of cryptocurrency has captured a significant share of the market, with most users preferring to use them exclusively for payments and store funds .

New cryptocurrencies currently entering the market pose a particular danger. Aggressive advertising is used to attract buyers, promising thousands of percent in profits upon listing, but in reality, 90% of new cryptocurrencies prove unprofitable.

In the current situation, you can earn much more by dynamic trading rather than by waiting for a long price increase.

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

You can earn much more from such fluctuations than by expecting 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