GM nostr ☕ #coffeechain

The shittier the coin, the higher the volatility.

Which means the potential gains are in the multiples of Bitcoin's.

I saw a clip of Alex Becker (crypto guy) explaining how he potentially could 2-3x his net worth by trading these high volatility coins.

But I don't know if THIS irony was lost on him:

His strategy for 2-3x'ing his net worth was by trading shitcoins that could do 10-100x. So why not 10-100x his net worth then? Well obviously you don't go allin on these shitcoins! (he explains). Yes, so you sit with a large bankroll on the sideline while you try to swingtrade the most illiquid shitcoins you can find in smaller incremental bets. And IF you do this well, you can 2-3x your networth.

OR, you can just put your WHOLE BANKROLL in Bitcoin and get the same 2-3x WITHOUT the stress OR THE RISK.

I think the disconnect is that he inherently don't understand Bitcoin, and that it has similar risks to the rest of cRyPtO.