How reasonable is the long-term investment in Altcoins? - page 4.

Violetta87

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Quote from: Megladoge on December 24, 2021, 11:42:06 AM

Quote from: JackieAinsley on November 26, 2021, 05:36:43 PM

Now a lot of promising altcoins appear. One of the most promising direction to use altcoins is gaming. Cryptocurrency allows a lot of opportunities for gamers, here is an article about some of them https://medium.com/e-money-com/defi-gaming-platform-elfin-kingdom-to-explore-e-moneys-suite-of-stablecoins-616e66e8bf73

It is very important to evaluate the future potential of the project. Now many investors are looking for new and prospective for investment projects to invest money on the early stages of project development and earn the maximum profit.

To evaluate the future potential of the project it is necessary to carefully check all the news of the project. It is necessary to check all the news and carefully check what have already been done, how much have already been done. Also for every project promotion is very important.

Megladoge

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Quote from: JackieAinsley on November 26, 2021, 05:36:43 PM

Now a lot of promising altcoins appear. One of the most promising direction to use altcoins is gaming. Cryptocurrency allows a lot of opportunities for gamers, here is an article about some of them https://medium.com/e-money-com/defi-gaming-platform-elfin-kingdom-to-explore-e-moneys-suite-of-stablecoins-616e66e8bf73

I agree that it is very important to evaluate how useful is this altcoin to understand its future prospects.
But commissions in Ethereum blockchain is very high.
If commissions in Ethereum become low it will be more useful for people.

It is very important to evaluate the future potential of the project. Now many investors are looking for new and prospective for investment projects to invest money on the early stages of project development and earn the maximum profit.

matchi2011

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Quote from: hamba laeh on December 23, 2021, 01:55:55 PM

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 agree if bitcoin as a long term investment. but I don't agree that investing in altcoins is full of risks. because all coins have risks. so to minimize risk, we must be able to choose altcoins that have the potential to increase in the future and can be used as long-term investments. and don't make the mistake of choosing altcoins as a long-term investment, because many altcoins live only temporarily.

If you know how to sort the project the right way, no doubt that you may succeed and earn, but it's not
easy as you needed to go deep with each alternative coin that you wanted to buy and hold, good foundation and
solid progress that keeps the project alive and moving, there are available good assets to hold make a good use of it
for your investment.

magneto

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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 that if you diversify your altcoin portfolio you are probably just as likely to make a long term gain as compared to BTC.

It's honestly not like the dark ages of crypto anymore - if you do your DD right, alts can actually be a lot more useful compared to BTC itself.

As long as you are not touching the meme tokens or short term hyped up stuff, you'll be good for the long run.

kro55

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Quote from: hamba laeh on December 23, 2021, 01:55:55 PM

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 agree if bitcoin as a long term investment. but I don't agree that investing in altcoins is full of risks. because all coins have risks. so to minimize risk, we must be able to choose altcoins that have the potential to increase in the future and can be used as long-term investments. and don't make the mistake of choosing altcoins as a long-term investment, because many altcoins live only temporarily.

For long term holding altcoin is surely risky. you can take profit from altcoin by holding short term there is no problem, But if you holding altcoin for the long term then no doubt you will lose your capital at some point. If you take Ethereum as example of altcoin and say that all altcoin is like Ethereum then it will be purely wrong. Ethereum is performing well in this bullrun but till now a maximum of alt's are in below from their previous ATH. There are not enough fundamental supports on altcoin, that's why most of them (ex:BCH, NEO, XLM...) are failed to break their previous ATH.

hamba laeh

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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 agree if bitcoin as a long term investment. but I don't agree that investing in altcoins is full of risks. because all coins have risks. so to minimize risk, we must be able to choose altcoins that have the potential to increase in the future and can be used as long-term investments. and don't make the mistake of choosing altcoins as a long-term investment, because many altcoins live only temporarily.

matchi2011

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Buy $BGL before it's too late!

Quote from: dbc23 on December 22, 2021, 01:57:31 AM

Not all altcoins can be held for a long term return. Some are just meant to make good profit with the volatility then back off or take advantage of the hype get a good profit and abandon the project for another. Only a few altcoin can guarantee one a good return on a long term base. To hold on a long term means a deep research before holding

That's how the market works, you need to understand and you need to assess each project that you wanted to participate.
Not all are good for a long while, some are, but most of it is just plain hypes and only those who know the game well are there
one who really gains a good amount of compensations.

nurulhmani1280wat

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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?

Agree, long term investment in altcoins doesn't make sense, because they depend heavily on bitcoin supply, but if you hold a lot of altcoins for short term investment, it is very profitable and very low risk. I think the most popular altcoins to trade, Ethereum, Binance, Avax and Matic.

LaCucina

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Quote from: JackieAinsley on November 26, 2021, 05:36:43 PM

Now a lot of promising altcoins appear. One of the most promising direction to use altcoins is gaming. Cryptocurrency allows a lot of opportunities for gamers, here is an article about some of them https://medium.com/e-money-com/defi-gaming-platform-elfin-kingdom-to-explore-e-moneys-suite-of-stablecoins-616e66e8bf73

All altcoins are different. A lot depends on altcoins and the demand for them. First of all it is necessary to develop a project and create demand for it. If the project is useful has a developed an ecosystem and a lot of users the demand is such a project will raise and the price of the tokens will raise too.

I think that the best altcoin for investment is Ethereum because a lot of meme coins, DeFi and NFT use Ethereum blockchain.
Also now is a very popular Binance Smart Chain. It means that BNB is very prospective too.

dbc23

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Not all altcoins can be held for a long term return. Some are just meant to make good profit with the volatility then back off or take advantage of the hype get a good profit and abandon the project for another. Only a few altcoin can guarantee one a good return on a long term base. To hold on a long term means a deep research before holding

bounceback

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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?

It makes sense if we invest with altcoins which have gained huge popularity in the market like BNB and ETH, imagine if in 2017 you bought these two coins and till now you have not sold them then try to calculate how much profit you will get now from these two coins .

qory

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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 long as you have profit. I don't plan on holding the coins for more than 3 years or so not unless it is Bitcoin or Ethereum but for some other altcoins I think holding it for too long is not safe at all sometimes it pumps for a week then crash I think it's still much better to take profit from time to time and buy the dips to increase your holding a simple analysis is good enough to do this scalping method.

phillipjackson

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@chaser15 Yes, And I would like to add Solana and Cardano along with Binance as they are expanding fast.

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Quote from: livingfree on December 21, 2021, 03:17:35 PM

Quote from: globalpain on December 21, 2021, 04:55:52 AM

Quote from: livingfree on December 21, 2021, 04:25:36 AM

Quote from: ?? on ??

I don't agree with you because so far with some of this Altcoin that I have been holding some for over 2 years I didn't regret holding it for a long time though it doesn't cut across but generalization should not be made for altcoin not good for long term investment.

There really are those altcoins that are good to hold even for a long time. I also have no complaints holding some altcoins that I've profited for this year.

Despite a long time of holding, they've become fruitful and profitable. That's life in crypto, you win or lose and go lucky with some of the altcoins that you hold.

For the long term indeed the top altcoins are still the choice of many people and indeed it is the right decision,
the top altcoins are profitable and I have no doubts about it,
sometimes luck really helps us

Lucky if you've bought those unknown altcoins and then you get to see the pump.

Well, don't miss it around if you get to see it so that there's profit with you for that coin. And don't make a worse decision upon doing so and don't be greedy.

Because it will make you miss that chance.

Pumps could neither be temporal or would be the last chance for you to see that one and its true that you shouldn't really miss out that time because you would be fucked up and end up on regretting if you had missed.

Altcoin investment doesnt really give out guarantee of profit because it all matters on which project you had dive in to invest and not all would really be having the same selection
in towards that.

So its a personal kind of choice so better be wise towards your investment and dont make haste in related to decisions.

livingfree

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Quote from: globalpain on December 21, 2021, 04:55:52 AM

Quote from: livingfree on December 21, 2021, 04:25:36 AM

Quote from: ?? on ??

I don't agree with you because so far with some of this Altcoin that I have been holding some for over 2 years I didn't regret holding it for a long time though it doesn't cut across but generalization should not be made for altcoin not good for long term investment.

There really are those altcoins that are good to hold even for a long time. I also have no complaints holding some altcoins that I've profited for this year.

Despite a long time of holding, they've become fruitful and profitable. That's life in crypto, you win or lose and go lucky with some of the altcoins that you hold.

For the long term indeed the top altcoins are still the choice of many people and indeed it is the right decision,
the top altcoins are profitable and I have no doubts about it,
sometimes luck really helps us

Lucky if you've bought those unknown altcoins and then you get to see the pump.

Well, don't miss it around if you get to see it so that there's profit with you for that coin. And don't make a worse decision upon doing so and don't be greedy.

Because it will make you miss that chance.

Distinctin

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Quote from: jpaul on December 21, 2021, 12:25:15 PM

In long term investment with altcoins your asset will be locked for years which means you need to be patient for a long time of not withdrawing your asset but in exchange of higher rewards. Market moves up and down but the long term investment will surely gives the you high profits in the long run. However, knowing that there are thousands of altcoins available in the market today, so, you need to choose the right altcoin for you that will also last long in the market.

Exactly! Being committed in a long term investment isn't an easy one to pull of, because it really needs extra patient to make that investment gain some profit. Altcoins is almost the same to bitcoin's nature, the only challenge is to having a research for you to pick surely that atleast 3 top performing altcoins before locking it for years or depends on your timeline but since altcoins doesn't perform as much as bitcoin does so practically hodling it for atleast 2 years is somehow needed to gain that expected profits you want.

jpaul

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In long term investment with altcoins your asset will be locked for years which means you need to be patient for a long time of not withdrawing your asset but in exchange of higher rewards. Market moves up and down but the long term investment will surely gives the you high profits in the long run. However, knowing that there are thousands of altcoins available in the market today, so, you need to choose the right altcoin for you that will also last long in the market.

Fakhrulenclix

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this depends on the altcoin you invest in. If you invest in potential altcoins like Etherum, BNB and a few others, I think it also has great advantages if you invest in the long term. Before investing, it is very important to look at the potential of an altcoin based on market conditions.

globalpain

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Quote from: livingfree on December 21, 2021, 04:25:36 AM

Quote from: ?? on ??

I don't agree with you because so far with some of this Altcoin that I have been holding some for over 2 years I didn't regret holding it for a long time though it doesn't cut across but generalization should not be made for altcoin not good for long term investment.

There really are those altcoins that are good to hold even for a long time. I also have no complaints holding some altcoins that I've profited for this year.

Despite a long time of holding, they've become fruitful and profitable. That's life in crypto, you win or lose and go lucky with some of the altcoins that you hold.

For the long term indeed the top altcoins are still the choice of many people and indeed it is the right decision,
the top altcoins are profitable and I have no doubts about it,
sometimes luck really helps us

Henrobakkara

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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 believe it depends on the Altcoins you invested in, Looking at the tweeter Screenshot from Watcher Guru, you would realize that if you have invested in any of these Altcoins from just a year ago, you would have made some good profits from HODLing any of them. So long-time investment in any good project is worth it not just Bitcoin. There are other ones too that have more than 100X since last year.

Topic: How reasonable is the long-term investment in Altcoins? - page 4. (Read 2439 times)