Investing for the long term in an altcoin is good idea?

ludyas15

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Quote from: andrei56 on November 06, 2018, 05:32:29 PM

Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

You do not tell to us in which altcoin you are thinking about being invested for the long term, I say this because there are many altcoins that are very good and that without a doubt deserve that you hold those coins for a very long time, but most of the altcoins especially those that are being released right now are not very good and I will not recommend anyone to hold them.

Most altcoins do not have a unique technology, so they have little chance for a good future. Therefore, it is best to have the first good opportunity to leave them in Ethereum and Bitcoin.

andrei56

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Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

You do not tell to us in which altcoin you are thinking about being invested for the long term, I say this because there are many altcoins that are very good and that without a doubt deserve that you hold those coins for a very long time, but most of the altcoins especially those that are being released right now are not very good and I will not recommend anyone to hold them.

drakewear322

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platio.io

I would say this is the best idea because market is very unstable and everyday trading is very dangerous now. You will never guess what price will be tomorrow

Cordwel

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Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

I don't think so, too many altcoins are going not stable right now, and I think only bitcoin is for long term investment

A.H.Rassel

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Investing for the long term in an altcoin is a good idea, It depends on the coin which you invest in and when you buy them nowadays strong altcoins recovering itself.its a great chance make a profit from altcoin.
Overall Bitcoin Dominance 52.0% so invest some money in Bitcoin

crypki21

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It depends on what coin is. You should thoroughly investigate before investing. But there are still a lot of mistakes. Especially in the current market situation. Cheap buy, expensive sales.This is the task.

cryptoblue77

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Bitcoin is the king of cryptocurrency, so investing in it for long-term is ok, but investing and holding an altcoin for long-term is not a good idea. You should adopt buy down and sell high for short period of time.

spastikss

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If you invest in an altcoin which has a future and potential, why not? The important thing here is to decide which altcoin to choose. Some of altcoins which has a value about $0.01 in the past, now they are $1.

itasannah

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Altcoin is great for long-term investments and many people have proven and made profits. All investments must have risks, but we must dare to invest. Investing in some Altcoin is very important because we can get profits in the future.

Froy

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Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

In this, you are right, you just need to find the right coins to make the holding profitable. Consider ripple, ether and eos. Especially ripple now shows the growth of capitalization.

yndye

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Quote from: jcojci on October 29, 2018, 04:01:32 AM

Be careful if you choose a long-term investment with the altcoin because you need to choose the right altcoin to buy so you can make a big profit in the future. Right now, there are too many altcoins that could be potential to rise in the future, and if you can buy at the low price, you will get much amount of the altcoin, and you can make a big profit too.

It is already a given that when you decide to invest on something, you should know already what kind of investment is that because if there are some events that may affect the price of that altcoin then you can act fast. If you want to invest in a coin for the long term, it would be a good idea to take profit from time to time so that when the market is not doing good then you can adjust your holdings by either accumulating more if you have extra funds or selling it earlier and maybe incur a little loss and then buy back later on when it has a cheaper price.

Investing in a coin for the long term is too risky for me because coins are unpredictable and price is very volatile that's why as much as possible when you have the chance to take profit then you should grab it.

cryptofirm

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Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

long term investments is the best investments strategy in cryptocurrenies,,
as you can choose the best altcoins my friend not a shitcoins
because for now a lot of shitcoins in the market,

cryptorima

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It is depend on coins quality. If you choosen best altcoins with great future with hard working strong team, then it will be good idea for long-term investment. Cause this types of project always try to grow very hardly.

cryptonx

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Futurov

Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

if you buy and hold a good altcoin for longterm hold, you still have a chance to get a lot profit in the future my friend
for example, ethereum, ADA and others altcoins with active developments inside with strong community behind the project Wink

twa

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BitSong is a decentralized music streaming platfor

any investment with crypto currencies must have risks and in my opinion a long-term investment in confidence and patience is the main capital in investing with crypto currencies if your beliefs are unanimous whether investment will make it grow and good

Dragonrage201

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It is a good idea if you buy near a major bottom and then hold on through the next big rise. Buying near a mjor peak and then holding through 80-90% loss like in 2018 is not easy for most people.

osasshem

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Quote from: Sivanandam on November 23, 2017, 10:13:26 AM

Based on the understanding and knowledge of following up with the cryptocurrency for the past 6 month, my inference is that the cryptocurrency is highlt volatile.

Is it a good approach to stay invested for long term in the altcoin space?

It is a good approach I will say. If you've gotten your capital, which is the major thing for investment, then you can hold for as long as you can. The good thing about altcoins/tokens is that you'll always get back your capital, and there must be some profits that will be gotten too.

irsada

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not all altcoins that are invested in the long run will benefit investors because they are too easily manipulated in the price value.
I think if you want a long-term investment it's good to choose bitcoin.

creeps

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High volatility type of investment can be more successful if you can do it on a long term basis. Short period of time can be lethal knowing it can change from time to time.

You can observe its full movement once you gathered data long enough. Investments are also idealy made for long term because it is based on a business or a coins performance. Don’t rush time, do you investment as if you are preparing for your long term goal.

Quote from: Eildosa on November 05, 2018, 05:21:21 PM

Yes, 2017 showed us how profitable investing in altcoins can be. In today's situation in market may have the impression that it will never recover, because the decline has been going on for a long time. But it's not. Now investing in altcoins is also profitable.

It will recover in time, there are still good altcoins to invest for. Patience is the key right now in order for us to have a profitable tomorrow, better to do it now.

Eildosa

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Yes, 2017 showed us how profitable investing in altcoins can be. In today's situation in market may have the impression that it will never recover, because the decline has been going on for a long time. But it's not. Now investing in altcoins is also profitable.

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