>be extremely powerful entity, one of dozens
>see current crypto atmosphere
>create my own coin since it's really easy to do
>advertise it and my reputation is behind it
>people start using it
>snowball effect
>everyone starts using it, even early crypto people
>faith quickly goes away
>your coins are worthless now
You guys realize how easy this is going to be when crypto starts getting big, right? You don't actually think that these titans are just going to let bitcoin, litecoin, ethereum, and whatever else become the multi-trillion dollar market, sit back and hold their hands up shrugging their shoulders, right?
>>2640844
>be OP
>pretend to know better than /biz/
>meanwhile /biz/ is up thousands of percent in 4 months doing exactly the opposite
what a faggot
>>2640869
I've been in crypto since 2012. Suck a dick new faggot. Holding is for idiots. Trading is the only way. Siphon money out, don't tie it into this garbage.
>>2640884
i've been in it since 2010, held all the way through. Im worth more than you.
>>2640901
can you go make a thread for your larp instead of ruining my thread
>>2640884
You realize it's possible to both trade and hold don't you?
>>2640921
but why would you
>inb4 hedge
I learned another lesson the past 3 days. DO NOT SELL FOR A LOSS. I closed a margin trade after 2 days that would have been green only because I was impatient and on a long margin (I don't usually do margin). But, I instantly regretted and for some reason made another long around the same price and made most of it up (minus fees).
Point being - find solid tech and study it night and day, don't buy shilled shit. and dont 'sell fud solid coins, and FUCKING HODL. Its better for your health, mental stability, and portfolio.
I don't find that a very likely scenario. Some of the existing chains have quite strong network effects and backing by very ideologically motivated people who'd probably rather die than switch to Google-coin or whatever advertised bullshit.
This is obviously a rapidly changing market though. I'm mostly trading but I have some hope for a few of the coins besides BTC that I think can survive.
>>2640869
Literally everything biz predicts is wrong tho