This Is Why We Don't Go ALL IN With Alt Coins

Anyone who was invested in cryptocurrency in 2017-2018 by now has a healthy understanding of the risks associated with new cryptocurrencies. It’s a proven fact that the vast majority of them will not continue to survive (let alone thrive) through multiple market cycles (Bull, Bear, Accumulation, Bull). Don’t believe me?

The graveyard of cryptocurrency attempts grows every day.

This is a message for those who are new and feel they need to take on additional risks to catch up on the profits they could have made had they invested earlier. Be careful with what you are exposing yourself to, especially if you can’t afford to lose it all. If you see profits, don’t shy away from taking them, they might not be around for very long and you might end up waiting years for profits that never come again. Don’t let your greed get in the way of your profits.

This is not to say that there aren’t some unicorns out there that will prove to have real utility and marketability that can see them have long term success.
At the end of the day we are all investing differently according to our own financial situations and financial goals and ability to handle different amounts of risk. Toby and I have found it most beneficial for our situation and goals to dabble in the alt coins and use their short term volatility for profit and convert that profit into time-tested, long term surviving cryptocurrencies of which we have the most confidence.