It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
in fact, if we hold altcoins at the right time, it will also be profitable. for example, if we hold ethereum at the beginning of 2020, now there are quite a lot of profits that can be harvested, even though it's not as much as bitcoin. However, if you measure it in terms of ATH, maybe the altcoins have not fully recovered, but I think there are some altcoins that are also worth holding, especially for those who buy at a low price. 
Topic: How do you feel about altcoin long-term performance? - page 3. (Read 904 times)
The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.
The price we're too hight for next year prediction, it can reach such amount but we were not sure when it can happen, we should be. Realistic somehow. It's good to keep accumulating BTC as much as we can so whenever we see room that the price will get down in a bit then take that opportunity to buy. moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.
The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.
BCH was always something that would have sucked, that peak was never a real peak and never assume that it would have been that way for a very long time neither, it was obvious that it was a hyped and bubble situation by the big miners like Jihan Wu that just wanted to see their own coin becoming huge, but it was obvious when people got the hold of it, the price would have gone down. However for the others, alts are looking great long term because in a world where bitcoin broke over the all time high, it is obvious that we are going to see all time high with the altcoins as well eventually.
What bitcoin thought us is that even after 3 years of break, we could come back and break over all time high, which means alts may take even longer, maybe another 3 years who knows, but if you wait long enough you are going to see all time high in everything.
What bitcoin thought us is that even after 3 years of break, we could come back and break over all time high, which means alts may take even longer, maybe another 3 years who knows, but if you wait long enough you are going to see all time high in everything.
The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts
Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.
Bitcoin without a doubt is a really promising investment for long term considering its chart even from the first time it was proposed and until now it's always going up but coin like ETH or any other top altcoins have done a great job achieving high market cap that they now could be considered as promising long term investment aswell.
I think because of bitcoin dominance, alts have not been able to perform like people expected. In as much as major focus is on bitcoin, alts growth will be slowed Down and they will rise when BTC becomes stable. But am not so convinced that some top alts ATH will be attained. this Time. Some are still holding the alts they bought at high price because they didn't want to sell at loss. So long term alts performance is not so encouraging but its best to take profit without greed.
Well, the altcoin price hike in 2017 was not only triggered by the increase in bitcoin price but also because at that time ICOs were very popular before many scammers broke them. however, currently, the development of altcoins is quite good. I think it only takes time for the price to recover and get close to its ATH. although not 100% altcoins will respond the same, personally, I have quite an advantage in holding altcoins, although if I hold bitcoins it will get a higher profit. But, a few months ago, it was too risky, considering that the price of bitcoin is so fast-changing.
Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.
top altcoins arent many but they are limited but i must admit that few number of them are decreasing but top altcoin is still better for long term holding than most altcoins out there . Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.
eth and xrp are an example of top alt coin . both coins have a chance , i didnt need to explain much on why it can happen to eth because all people already know that but for xrp , most people only know that xrp is less active in terms of development but there is an airdrop coming for the hodlers of xrp . this can help elevate the price of the coin
Don't compare it how it lose in USD value or in BTC value. It always depend how much you enter in that currency for example if you bought ethereum in early this year which is around 100$ you already earn almost 500% of your investment. You calculate it only base on its ATH but you never see how profitable altcoin will be if you can entry in the right price. Buying altcoin on its ATH is very very wrong decision and too risky.
And Bitcoin traded at below $4,000 earlier this year, so theoretically you could 500% profit with it too. But that's not the point, the point is long-term performance, which is 3-4 years or more. And here alts completely suck, they're not even close to returning to their ATH, and why should they be if retail investors aren't going to be burned twice, and institutional investors are smart enough to not touch altcoins with a 6-ft pole. Notice how all these big players saying that Bitcoin is useful for hedging against inflation, but they are dead silent about blockchain technology and alts. They understand that there's nothing fundamentally useful about it.
The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts
Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.
It's your call, to buy alt-coin of Bitcoin, I haven't bought, been-blessed with any alt-coin, I might eventually but ATM it's not to be, but to your confusion, Bitcoin it not the pivot point for alt-coin bull/increase, it's Bitcoin doing the New all time high ATH, not ETH, Bitcoin cash, Litcoin and more alt-coin, and if paraventure alt-coin go higher, Bitcoin could go lower, am excited For Bitcoin this 2020 and oblivious about alt-coin.
Bitcoin is really dominating the market right now and is looking like is not going to stop but I feel the dominance will stop and the price will get stabilize then alts will rally including ethereum. It is too early to conclude that ETH is 4 times less that the ATH of btc because ETH will soon pump after then we can decide which is less or more.
Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000
Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6
And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.
It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6
And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.
It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
Thanks for bringing this up, especially for the newbies entering the space, only few Coins in the space has ever hit their previous ATH in BTC from the last bull run, if you are into Altcoin trading or investing always adjust your portfolio as the fundamental changes, because of these Coins will not hit their ATH again, and those that do, they would hit it in FIat and not in BTC.
Altcoins have history of long term bad performance, you have to hold for longer to actually make some money back if you buy in the bear market, bitcoin is the only digital currency that performs very well in both short and long term hold, some altcoins will even become worthless in a very short term of holding them
Something to predict will probably look like a fantasy. We can try to assume that a repetition of the 2017 season is possible, and everything will be very successful for altcoins. But most likely they will not reach the level they reached last time.
I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.
Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.
I completely agree with your opinion. Altcoins continue to evolve and many of them have a real product that they serve. We want the purchased altcoins to rise in value. to sell them profitably. The team behind them has a slightly different task. They have to work for the long term. Many of them do not prioritize raising the price of their cryptocurrency. Therefore, in general, there is a normal development workflow, even despite a significant proportion of fraudulent and even simply useless projects. Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.
That is the fact that bitcoin has increasingly dominated the market, altcoin is actually not suitable to hold for a long time and only at certain moments can it increase after it will be worthless, maybe for trading can be used because the price fluctuates greatly.
Quite right, therefore, in no case should you hold altcoins for a long time, but with top altcoins it is much easier, because if you invest in altcoins when the entire cryptocurrency market falls and then just wait for the growth of the same altcoins, and then you need to immediately fix the profit and then repeat the same process constantly and then you will always get a good profit.
Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000
Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6
And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.
It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6
And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.
It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.
Bitcoin at the moment is not yet giving its best to make altcoins begin with the real actions in the market.
I know we are close to altcoins season, and if that happens that the sign we can able to earn Bitcoin in the future for sure.
The only altcoins that increased and followed the movement of Bitcoin was ETH and we can see that most often in the market.
Lets be more patient for now.
I kind of agree with you, it was just that at that time everything was growing very actively and people did not think that their value in altcoins could fall. I believe that investing in altcoins is worth it but you need to do it wisely understanding all the risks.
Yes, basically people who invest in Altcoins don't think about falling prices, but some of them are often complacent about the profits they have previously earned, so they forget about the risks they have to understand wisely. Jump to: