RE: How to deal with Bitcoin surges and altcoin losses

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How to deal with Bitcoin surges and altcoin losses

in cryptocurrency •  7 years ago 

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.

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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