Crypto is mostly unexpected and we don't know which token will give us high profit. sometimes we expect a big pump in the token and we believe that this project has a lot of potential but this token performance remains low throughout bull and bear season just like DOT and Cardano while some coins we often called them scam and spam pumped hard like ORDI, Pepe, Floki. It's all about trend when trend end then no one want to buy these coins.
What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?
All coin cannot give you profit and most of them are only profitable according to trend but after sometimes they become useless. The better way to earn money is that buy a coin according to trend and if it slightly pumps then sell your coin immediately because there is no guarantee that after year it will be same successful or will goes into dip.
That is why many people buy altcoins when they are first launched and make their profits and leave. Some altcoins are just like Ponzi Scheme, those who came and invest early make money or profit and those who came late would be the ones that face loses. So that one of the highest risky aspect of investing in altcoins. So if you want to make profit invest early and not procrastinating it. You can withdraw your capital and invest with the profit to see how the coin will go in the future.
I will also say invest according to trend because once tht trend stop the project might collapsed and as I said you can continue the investment either with the capital or the profit made from the investment. And all depends on the profit you made from it.
One thing is for sure - when investing in a new altcoin, it is better to sell it immediately after listing on the stock exchange. And then you can buy more, if you want, because at the start of trading, everyone starts selling and rolls down the price. I lost money on this many times, because I did not sell and hoped for growth, which was after a long period of time and in very rare cases.
There are exceptions, but they are very rare.
When it comes to crypto investment then it would be always ideal that you should really be that dividing your bags on which there's one for long term and there's one for short term.
You do make use of those short term trades or investment profits on your long term bag on which its a win win situation. It would really be just that depending on your own goals but it would really be
that best that you should really be having that different bags on which it could bring out that kind of advantage plus we are now heading for this bull run season on which it would really be that
ideal that you should really be that preparing for your bags on shooting up into the moon.
Although it wont really be that an assurance that the coins you've been holding would be shooting up but if ever you do hold up with those obvious known and popular coins included into your
bag then it would be safe to assume that earning profits is almost guaranteed. It would really just that matter on how much you have put up.