Tone Vays on Why Altcoins Are a Bad Investment
Interview location: Skype
Interview date: Friday 11th Jan, 2018
Role: Bitcoin/Blockchain Researcher, Consultant Content Creator & Derivatives Trader
Trading is hard, and crypto trading is even harder. There are significant disagreements around the value of all cryptocurrencies, especially altcoins. While maximalists believe that Bitcoin is a valid long-term investment in sound money, they also think that all altcoins and tokens are worthless.
Tone Vays does not believe in trading altcoins as he thinks they are not viable long-term, as such you are only trading hype and market cycles. Tone also believes many of these altcoins and tokens are scams, where the creators have printed money.
In this interview, I talk about trading with Tone, why he only trades Bitcoin and the skills which new traders need to master. We also discuss his upcoming conference, Unconfiscatable, why he is putting it on and why Bitcoin only conferences are essential.
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