>but at the same time there are still legitimate projects being started right now that could become very valuable in the next couple of years.
Care to name a few?
Care to name a few?
Not only are they lacking exposure but it's a complicated, risky, error-prone process to actually buy in to these projects/tokens even for those who are technically apt. That's how early these projects are. Plus you'd need to register for an account on an exchange that actually carries these tokens and many are not accepting new users because they can't handle the load. It's a giant pain in the ass but there is a lot of money to be made (I'm up 3-5x already on much of my initial investments).
There is an artificial lack of access built into the market because of what I described above. Institutional capital and dumb money is still only really tuned into BTC/ETH.
2)The whole market is up 5x in December 2017 alone, so I wouldn't say 5x return makes you a genius - it's like saying you are performing at that asset class's benchmark. Note, this is also just one sample.
3)If we unpack your reasoning closely, you seem to assume that further upside is inevitable if altcoins get easier to buy. I guess it's unthinkable that these coins accrue through revenue, right?
I think that's the reason why so many people have trouble understanding the space. Fundamentally networks are what make humans so powerful. The USA is nothing more than a network of people that agree on a set of shared principles. The growth of a network's value isn't linear. A network that goes from 1 person to 2 people isn't twice as valuable, it's exponentially valuable and we're still in the really early stages of figuring out how to value these new, global networks that are forming rapidly.
So the real answer is that we just don't know, but it seems clear that the old world rules don't quite apply.
I never claimed I was a genius for generating 5x. I think you're putting words in my mouth. I'm not a genius. I just see an opportunity that I think a lot of people are missing. I think it's still very early in the space, and I'm making moves to take advantage of it. I'm willing to be wrong and lose 100% of my investment. I'm diversified into my holdings, I follow the projects and teams closely and in case of regulatory risk I have an exit strategy.
I do think further upside is inevitable just based on the sheer demand hammering the exchanges which carry these altcoins. If anything, the influx of capital waiting to flow in will stabilize the prices further even though it may not strictly generate more upside. It'll at the very least set some more solid floors in place for existing asset prices.
I can see BTC and ETH having long term value but I'm not so sure about LTC.
LTC'S main claim to fame seems to be that Charlie (it's creator) was working at Coinbase and managed to get it listed there.
Apart from that it appears to be a bunch of copy pasta code from other projects.
If you want to see a perfect example of this, check out this post on why LTC is "faster" than BTC:
https://twitter.com/r_Buttcoin/status/951585800147390464
The main thing I use LTC for right now is buying ALT's from other exchanges because its network fees are cheaper than ETH/BTC/BCH. I don't see this situation lasting forever especially considering Charlie (LTC'S creator) recently unloaded all of his LTC.
If it takes the best of all blockhain projects, I'm all for that.