How reasonable is the long-term investment in Altcoins? - page 7.

cryptoexchanger.org

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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

Many people have cryptocurrency but they do not know how blockchain technology work.
They just hold cryptocurrency and use it don't know how it works.

But for long term investment it is necessary to understand the technology.

Many people prefer to invest money in Bitcoin for a long term. The price of Bitcoin continue to raise and such raise attracts a lot of people to Bitcoin and cryptocurrrency.
Many people thing that cryptocurrency market will continue to grow in 2022.
A lot of people use cryptocurrency for investment purposes and they continue to use it in 2022.

liqidoxgen

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Quote from: geegaw on December 10, 2021, 11:20:32 AM

Quote from: liqidoxgen on December 09, 2021, 03:06:45 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?

Since 2017, I have been constantly buying Ethereum, even during the bear market, and to the present, I do not think that I did something wrong. For a long hold, you just need to make the right choice.

Based on your presentation, the long term view of altcoins should also be different, should not be too dry and just assume bitcoin is everything to the market and us, to be able to rise to the top position as today, except for the potential, the initial communication with altcoins as well as the mutual complementarity is also undeniable with bitcoin. Ethereum and BNB, most recently Sol and many other ecosystems, they are not just a group of flowers that bloom in the short term, they are the flowers that bloom in the long term as long as we try to cultivate and be patient, altcoins have made great progress and will no longer stagnate like in the past

So I wrote that I choose Ethereum for long-term retention and buy it in addition at any price during bear market moments. I see there are many more opportunities for constant growth in it.

aryana42

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how do you say that long term investment is full of risk. it all depends on the altcoin you invest in, for example you invest in etherum, BNB and other potential altcoins in my opinion the risk is smaller. basically all depends on the analysis. all have risks, but you should be able to minimize your fears for long-term investments.

Sweetbtc

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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 investment in long term investment is more profitable than Bitcoin. But before investments we should choose right choice.
All coins investment other than bitcoin is not risky . AdA,Dot,Eth are top coins. Investment are very good now on these coins.

SDKmaster

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Quote from: nikita2020 on December 12, 2021, 01:56:06 PM

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

If people want to earn money on cryptocurrency, DeFi and NFT they must earn the technology and understand how it work.
Only in such case it is possible to stable earn money on the cryptocurrency market.

Many people hurry to earn money and think only about the future profit but they do not sturdy the technology.
But it is necessary to sturdy the technology to know about new products, tools and new opportunities that this technology offers.

Snappycoco

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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 so mate. We've seen the performance of alts these past few years and it really pays well. Holding alts is quite good if you know to determine entries and exit points. It could potentially give you over 100x profit if you hold a good project just like this new The Standard.io project who focuses in building the next generation algorithmic stablecoins that is backed by real assets. For me, 2 years is enough for alts to grow ito its full potentials. The succeeding years are just for the developments of additional features added to the project and partnerships made.

Pejoh Asu

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Usually good projects always take a long time to complete all roadmaps, this is what makes holders have to be patient because if they are patient, there is a chance for big profits, the most important thing is that the team always provides updates about their progress.

Dr.Osh

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There is a contradiction here. There are some altcoins which are in doubt to their existence again there are some altcoins which are containing low price value but they are most potential coin. In this regard i believe that everything is depend on your altcoin selection. After that we can recognize which should be for long term or short term investment.

in this case, it means that not all altcoins are not worth holding. in fact, I would argue that there are very many reasonable altcoins on hold such as ETH, BNB, and other well-known coins besides bitcoin. however, for new altcoins, it depends on how the coin develops. That's why people always emphasize doing research so we know which coins are fair to hold, and not at all.

im posible

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Yes I totally agree with you, it's true that some altcoins have huge market potential from year to year like eth, bnb etc. But there are more types of altcoins that end up becoming less and less marketable year after year than those that keep going up year after year. It is better to use altcoins for trading only than to use them for long-term investments.

kak uli

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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?

wherever there is a risk, it depends on how we manage that risk. investment in bitcoin also has a risk if next year the bitcoin price stagnates !!!
but what we need to understand before investing in altcoins is, firstly to choose a good or potential altcoin and one that has developers and teams who work optimally to make their project a success, secondly we need to see whether the altcoin community continues to grow or decline, I think this is the most important It is important that we pay attention if we want to invest in altcoins.

LUCKMCFLY

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In the long term it is very difficult to maintain an investment, mainly if we base that long-term investments are safe in stocks or safe currencies, in this case there is only one infallible strategy, which is to buy any currency and wait for BTC to start with the bullish trend, because when starting with a bullish trend it is normal for all currencies to start to rise, and this is due to the dependence of BTC on any altcoin.

That is why the only safe investment that will never give losses is BTC, BTC represents the toughest action in the Crypto market and also is the only currency that has a life of its own.

nikita2020

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Quote from: ?? on ??

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

Many people do not understand the cryptocurrency technology and articles in medium allows to understand better the technology and the main idea of the project.
They help to know about every stap of the development of the project and understands it future potential.

If people want to earn money on cryptocurrency, DeFi and NFT they must earn the technology and understand how it work.
Only in such case it is possible to stable earn money on the cryptocurrency market.

Uang_kartal

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Quote from: tulsathrowaway777 on December 10, 2021, 06:28:54 AM

People always want to make easy money. The fact that Sin City (SIN) allows you to earn money for gaming just doesn’t leave any other possibilities but to grow up in the near future

Can you provide a link to the website? let me visit and understand. is this a metaverse coin, shitcoin, NFT or what?

we are discussing altcoins/bitcoins (types of security) and the reasons why, rarely long or short
,Can you explain the features of the project you mean?

Marcorey

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Any investment has risks, but for encryption, whether it is Bitcoin or altcoins, the risk is much higher. Generally speaking, the initial price of altcoins is low, and short-term investments will make good profits. If they are held for a long time, they may plummet and cause economic losses. Whether it is long-term or short-term, it depends on the currency you choose to invest in.

chaser15

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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?

Being profitable can be achieved both by long-term or short-term investment.

Bitcoin for example is a long-term investment but it doesn't mean you have to hold for long. It's not what it meant. On the way, you should sell also your Bitcoin and regain back some during a dip. That's the long-term investment they are referring meaning you actively trading that coin for a long and sticking with that as it was profitable to do so.

The same will be applied to those good altcoins that already prove worthy to invest in the long run.

Mahanton

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I wonder how YAY Games is gaining popularity so rapidly. Not long ago nobody had even heard about YAY Games and now its 24-hour trading volume reaches more than 1M dollars

Either a fake pump or simply they do get such recognition or attraction into the market because having such increase would be most likely have that reason.
So if you decided to make investment then do some research and mind off if this one would really be that for long term basis or would really be just good
for short term ones.You couldnt really tell because once interest and demand would be there then it would might stay for a while.

Alisha FR

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this should look back on market conditions, if short term investment can be profitable i agree with you. But if there is a decline in whether to sell it and take a loss? I think this needs to be reconsidered, I choose short term investments if the market is profitable, but when there is a downturn then I hold it. Or we have to make a profit target, if it has been achieved then we immediately take it.

Kadal Ijo

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Usually good projects always take time to complete their mission, and I like to invest in new listed coins because the potential for skyrocketing is very large, besides that I also use the tools on the chart to be able to determine which coins are worth making long-term investments.

geegaw

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Quote from: liqidoxgen on December 09, 2021, 03:06:45 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?

Since 2017, I have been constantly buying Ethereum, even during the bear market, and to the present, I do not think that I did something wrong. For a long hold, you just need to make the right choice.

Based on your presentation, the long term view of altcoins should also be different, should not be too dry and just assume bitcoin is everything to the market and us, to be able to rise to the top position as today, except for the potential, the initial communication with altcoins as well as the mutual complementarity is also undeniable with bitcoin. Ethereum and BNB, most recently Sol and many other ecosystems, they are not just a group of flowers that bloom in the short term, they are the flowers that bloom in the long term as long as we try to cultivate and be patient, altcoins have made great progress and will no longer stagnate like in the past

kleMaGRiG

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