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These folks need to fully understand the amount of luck and timing they need to benefit from this. Early adopters easily cashed-in, but will be much harder goin
by SQL2219 9y ago
These folks need to fully understand the amount of luck and timing they need to benefit from this. Early adopters easily cashed-in, but will be much harder going forward. Everyone is a genius when it's going up, not so much on the way down.
- jetti 9y agoI think the success of early adopters from bitcoin is driving many to some of the altcoins. For example, ADA is sitting around 40 cents right now. With the $1500 that was invested by Knight from the article that could've been shifted to get around 3750 ADA coins. Think of all the profits to be made if it just goes up to $1/coin! The problem is many people don't necessarily understand the risks of investing in altcoins and just see it as a way to be another early adopter.
- mrguyorama 9y agoWhat you are describing is basically how pump-and-dump of penny stocks works.