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RE: How to deal with Bitcoin surges and altcoin losses
Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw
market capacity alone is just one parameter. If there is no demand, a low market capacity won't help. Price goes up because of supply and demand. I've been following Bitcoin since 2013 and every time it went up people said the same thing: too expensive, reached its maximum capacity, not a good time to invest (and I also sold some way to early). But to bet on Bitcoin alone is also not so smart, that's why I recommend creating a diverse portfolio, but I would still keep Bitcoin as part of my portfolio. I don't think it reached its peak yet.
yup surely nt its peek....more interest people give more money it will b worth.....well i preffer zcas tough...its really a great currency wit lotz of potential
yeah, I hold about 20% ZCash in my startup portfolio, see my older post: https://steemit.com/cryptocurrency/@gorik/cryptotrading-for-beginners-part-1-choosing-your-portfolio