How reasonable is the long-term investment in Altcoins? - page 14.

Judrob

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

No, I am not in line with you. If you invest in projects with real fundamentals and road map in that case it will be reasonable. The BTC case you mentioned is the same procedure. For example, PAYB is arguably the best choice for a long term investment. A very promising gem that holds so much potential. Their platform is equipped with a cross-chain DEX (using Polkadot substrate node), staking pool, NFT Marketplace, and more. I've got a feeling this token will come into everyone's radar really soon!

imamusma

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Quote from: HyunBin on October 27, 2021, 10:10:00 PM

Long term investment is a very good option especially to those people that are saving funds but for them to be profitable they must research and look for an altcoin that has a high possibility to grow and survive in the long run.

Altcoins that have the potential to stay high and survive are the most successful Altcoins such as Cardano, Solana, Binance coin, and also Ethereum, because they will survive and have potential forever in the crypto space.

Pelana vreo

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

As I have seen so far, when the price of Dogecoin was still $0.0002 no one thought the price could go up until now, for long term investments, things can change quickly and when you are planning to invest in altcoins, make sure you have plenty of time to invest,hold the coin but there is no guarantee the price will go up fast because everything takes time, you can see why the Bitcoin price keeps increasing, altcoins will be the same, but you should choose an altcoin that has good fundamentals and a large community member.

bakasabo

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Each altcoins need specific approach. There are altcoins that continue developing, achieving roadmap milestones, are huge by itself and have huge investment - their altcoins might be considered for a long term investment. But the market is full of projects whos only goal is to raise some funds for start and drop development after several months, or whos projects idea is unpopular, not demanded or does not require a blockchain technology at all. Investing in them will most likely cause money loss.

In general, there is no yes or no answer for a question posed. Like it was million times here on the forum, DYOR and take a risk.

tiffcrz

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

PAYB is definitely a good choice for long-term investment. Low market cap and certified rug proof. With their innovative Polkadot bridge which connects BSC to other Blockchains, we're about to get to the moon pretty soon. Why it can be risky?

MSN02

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You have to do your own research on each project. It’s important to see how good the team is, who backs it, how much money is coming in, what value can it bring to the world and why it has the potential to explode if the market does. Once you find answers that you like for all of these questions you should invest but If not don’t. Most Altcoins will fail so it’s important you research! I personally like AAVE, NEAR, 1NCH and ADA

Traderbtcc

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

I think long term investment in both btc and sold alts have proven to be profitable, not just btc alone eth rose from $0.70 to the price today, Near rose from 0.52 to $11+ today, same with bnb from $1 to the current price now, solid have always proven to be profitable, I don't know the kind of alts you invested in long term that didn't give you a good return but from my experience, holding solid alts like near, eth, ada, ref, dot and PYR have been a very profitable, investing for short term is too risky, I prefer long-term investment in alts over short term.

HyunBin

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

Long term investment is a very good option especially to those people that are saving funds but for them to be profitable they must research and look for an altcoin that has a high possibility to grow and survive in the long run.

herizal85

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Everything is according to the principles and beliefs of each and also refers to which altcoin we invest, if you only want to get a short profit then it is more certain that short-term investment is better.

GaxviiBuss

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Long time investment is reasonable in altcoin, but not in all projects because not all altcoins last long as we expect, and some even last long but the value use every day depreciates till it becomes nothing, on the other hand, the altcoin is worthy to be held for a long period in the case of a good project, as of now I own a viable altcoin, and It has never let me down.

jaberwock

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

I don't think altcoins investments are good for long-term holding. Because in my personal experience long-term holding of altcoins are not profitable, I ended up in losing in BTC value but only very few coins got me profits in USD values.

I have concluded that altcoin investments are only good for very short period of time like within a season. Like if you buy an altcoin in 2021 bull run then you must need to sell it off within same bull run because once it got dumped then it might got very little chances to recover. Holding altcoins across different market cycle is not at all recommended.

Turbolinea

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I think that it is reasonable as long as you prefer the most trustworthy altcoins in general. Because we will never know what happens if we make an investment into an altcoin which doesn't seem to be a promising project. Of course, I don't mean that top altcoins give us a guarantee for this. But they are at least known by their project quality and people can trust them easier for a long term.

BlackRexuz

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It all depends on how you choose the coins to invest in, if you choose a good altcoin with clear prospects and real use cases, you will get a lot of profit. In my opinion, for other coins such as Matic, Shiba, Tron and others, I think they are suitable for long-term investments. have a nice and useful day..

royalfestus

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

Ethereum is likely to have joined Bitcoin with some properties as digital asset with lesser risk. This is expected to reduce the dump margin of others in the next few week

blockman

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?

Reasonable for the few of them.

Quote from: tokyohd on October 19, 2021, 01:43:29 AM

I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

They do but if you're good at choosing which altcoins you'll hold in the long term, it's profitable. The market is unpredictable and there will be altcoins that you see nothing today can be as high as you have not imagined and those that are good today can be bad as the others you've thought of.

TomArayaSlaya

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Invest in bitcoin or ethereum and the risk is very low and so is the return but I think in other coins like new alts if maybe you dyor and maintain your fundamentals Things can turn out great and 10-50 or even 100X is a high possibility Imagine that 100bucks turns 10k in a short term Is reasonable but highly risky I think but also dont forget you can make exponential gains

jostorres

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Quote from: tokyohd on October 19, 2021, 01:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

I understand that some people may not really feel comfortable with the altcoins because let's face it the top 10 changes all the time. Yes, we had bitcoin since the start, that was always the first one, but the second changed a lot, we had namecoin first, then litecoin and then xrp and now eth and eth has stayed that for a long time. Even if the number 2 doesn't change, the third or fourth or fifth could change all the time and anything under that as well. People are not really sure what they are doing when they are investing into top 10 and think that it is a sure fire thing and that is a great long term investment.

Let's take a screen shot of the top 10 during 2017,18-19-20-21 and you will see that there is a big difference in all of them. Sure there are ones that stayed there, some of them didn't move too much but the reality is that we are not really sure if it will stay like that next year as well.

Koro-Sensei

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For me 2 years minimum and 4 years max. I think by that time, the project is fully developed and massive advertisements are also conducted too. I think, by this time frame the price is reasonably the perfect price for it and thus taking some profits as well. Another thing is that Major Developments are done deploying thus in the following years, hypes are less than these ones. Major partnerships might happen after this timeframe but still the main utility are out already.

lumierre

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It is up to the quality of altcoin. If we are talking about mainstream coin that has a good project under it such as its own blockchain (for example, ethereum, polkadot, cardano, solana, polygon, binance smart chain) I think that it is a wise decision to hold them, it will be more profitable than short-term trading. But in terms of shit-coins, it is very risky to hold them, only short-term investment is appropriate.

DOH!

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Among altcoins, there are long-term altcoins that have better ideals, more of a sense of change, not just a passing hype. Sovryn is one of those coins that loves and believes in the great things it offers. It is long lasting. Some short-term codes like IDO on Bscs are the fulcrum to rotate larger profits for the long term. I believe this plan will come true for defi developments. Toke are also pretty good for my drawer - medium term will be better.

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