Coin life and investment safety - page 2.

Viper1

sr. member

Activity: 686

Merit: 320

Quote from: lurker10 on April 29, 2017, 01:04:55 AM

Many coins die after a short run for different reasons. How long should it take for a coin to prove that it is going to stay, that it is strong and worthy of investment?

I have not seen a single coin that could be considered a "long term" investment and that includes bitcoin (look at an all time chart). Every one of them has gone up and down. You can only currently make money in crypto by buying the lows and selling the highs.

As for time frame. You can't judge it by that. There are coins that have been around for several years but they've been abandoned with the bagholders keeping it cropped up. You have to actually do your due diligence. No difference than "real world" stocks.

kryptqnick

legendary

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Join the world-leading crypto sportsbook NOW!

Quote from: BitcoinHodler on April 29, 2017, 06:45:38 AM

there are two very different ways of looking at what you are asking.

as an investment to make profit
which is what most of us are doing. this means nobody cares about anything more than the profit they can get from the pumps, and for that you only need less than a month to see how the altcoin is performing nothing more.

as a real investment
for that you need to dig deeper but sadly these days there are no good project that is worth looking into as a real investment that has a real future and usage. most of them are basically created to give the investors money through pump and dumps. i sometimes see some projects that seem promising but they all end up in the same place.

I agree with this. In other words, this is the difference between a short-term and a long-term investment. Of course, to consider a coin as a long-term investment, I think it should be at least 1 year old, quite stable overall and have some interesting features or be already quite used in gambling or on markets.
However, I think that if a coin is brand new, it is bad even as a short-term investment, because its price can fall down extremely fast and it's easy to miss the moment.

BitcoinHodler

hero member

Activity: 1456

Merit: 579

HODLing is an art, not just a word...

there are two very different ways of looking at what you are asking.

as an investment to make profit
which is what most of us are doing. this means nobody cares about anything more than the profit they can get from the pumps, and for that you only need less than a month to see how the altcoin is performing nothing more.

as a real investment
for that you need to dig deeper but sadly these days there are no good project that is worth looking into as a real investment that has a real future and usage. most of them are basically created to give the investors money through pump and dumps. i sometimes see some projects that seem promising but they all end up in the same place.

MedaR

legendary

Activity: 2380

Merit: 1026

It is very hard to predict what coin will survive and what will happen in one year. You can choose coins which already survived more than one year and be sure they won't be abandoned at least. Investigate little, you can find many interesting projects.

Thare is no crutical time for passing, just devotion of team and support of its community-holders-investors,
if you can find such project stick with it. Wink

cryptonia

sr. member

Activity: 340

Merit: 250

Quote from: lurker10 on April 29, 2017, 01:04:55 AM

Many coins die after a short run for different reasons. How long should it take for a coin to prove that it is going to stay, that it is strong and worthy of investment?

Just dance close to the door!

But seriously just be careful about your position size. You can probably have $1m in ethreum but maybe $500 in a small coin. Also have a fixed stop loss signal or level.
You know ..if it trades at this price I sell. It it crosses a moving average I sell. That sort of thing.

People who have these rules tend to do well, people who don't not so much

pterodactyl

member

Activity: 106

Merit: 10

Quote from: lurker10 on April 29, 2017, 01:04:55 AM

Many coins die after a short run for different reasons. How long should it take for a coin to prove that it is going to stay, that it is strong and worthy of investment?

I think you can get into new coins if you do your due diligence and really research the people behind it. I think a good rule of thumb is how inspired the founder seems. If the top guy in a coin is not all that into it that is a guaranteed deathblow to any coin. You shouldn't have to feel like you're pulling the teeth of the Dev in order for them to make a serious effort into the success of the coin. The Devs should be the #1 people into it and showing their commitment by doing things like providing a clear roadmap, advertising, and being active in all aspects of the website, ANN thread, etc.

lurker10

sr. member

Activity: 378

Merit: 250

Many coins die after a short run for different reasons. How long should it take for a coin to prove that it is going to stay, that it is strong and worthy of investment?

Topic: Coin life and investment safety - page 2. (Read 1441 times)