Topic: Should ALL digital currencies be held onto? (Read 301 times)
There's so many out there most are going to die off and be worth nothing. Invest in fundamentals and usecases, if you throw your money at any random shitcoin expecting it to grow in value you're going to have a bad time 99/100.
not all but major one you should hold as there users will go ultimately lead to growth in price,but i think now ethereum and wave tokens have become more profitable as in ethereum tokens are locked by smart contracts and ethereum blockchain is expanding as more and more companies are using smart contracts for their funding and security and they have buy back the token at ico price.
Big growth will show only those that have some technical background. Just my opinion.
I don't think it's a good strategy to put all your money in the same basket, no matter if it's altcoin or any other investment.
Altcoins are very volatile and risky, but I guess you know that...
Altcoins are very volatile and risky, but I guess you know that...
I was referring to investing in the long term.
Are you not concerned about your money ? If you are expecting some growth, of course the big investors are also looking for good reaturns. Big investors invests after good research, so may be the coin that seems useless gets big investment because someones research says so. It all distils down to "Do Your Own Research".
Probably not, you should just put money into the ones you think have a future. Coins may never lose all their value but they can still lose 90+% of it so investing in a coin that has no unique feature that will keep it going will likely end with you losing money over time.
Aside from the unique and/or differentiating features in every cryptocurrency, some people say that even "dead" altcoins are still purchased and collected by investors and collectors. These factors will likely keep increasing the price over time. Should every unneeded dollar go to digital currencies and maybe to a much more lenient extent, precious metals?
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