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

[Ging]

i think that Investing for the long term in an altcoin is good idea, but you must clearly know on which altcoin you are intending to invest in you have to do a search on that because not all alts are a long term investment. only few of them may make it

[phillza]

in quality altcoins yes

[Ourat]

if in my opinion it is a very good choice, besides easy way of investing also get big advantage too, i think that Investing for the long term in an altcoin is good idea,

[Lhaine]

i think that Investing for the long term in an altcoin is good idea, but you must clearly know on which altcoin you are intending to invest in you have to do a search on that because not all alts are a long term investment. only few of them may make it

Yeah that's true. If you want to hold a coin in long term you should research about the coin so you can't avoid losing your money. Make sure that you invest in a good project that have a potential to grow.

[nik9990]

as analysis shows for several years - then yes. But no one knows where the top point of this market

[geyayy]

That is true, man! If you want for a long term investment, then you are in the right track investing in alternative coins. This will give you a good profit yet this is very risky. But it is all up to you on how you will manage the investments you are doing and in what altcoin you're gonna be investing your money into.

[Prodigan786]

Yes it is good to invest for long term for good potential coins as almost all the answers says here . How to find potential coins . My some strategies are actively participate socail network of the coins your going to invest see the response rate , Get genuine details about ICO or funding of Coins , See the exchanges listed . Its all basic most importantly see the solution provided by particular coin.

[kalph22]

I think investing in a long term is good, but some say it risky depending on how you manage to invest and what altcoin you will invest. I think you should review carefully what you want to invest your money. And invest in a good project that you know that your money that you'll invest in will be safe and seccure.

[lifengpu]

I think that bitcoin is best suited for long-term prospects, but recently it has begun to change this because althoins have appeared that are suitable for long-term investments

[vetal1212]

do you think I think the STR very promising coin in the future it will be very expensive

[preico]

I think that bitcoin is best suited for long-term prospects, but recently it has begun to change this because althoins have appeared that are suitable for long-term investments

And I was on the contrary convinced that the best coin for long-term investment is bitcoin. This I understood after my investment portfolio of alternative coins decreased by 57%

[Maian]

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?

Its depend on you, if what is the best to invest for long term. But i think altcoin ang bitcoin is good..
And you are handle that so you know what is the best for the long term.

[QueenOfCrypto]

This really seems the golden rule of cryptos - hodl for the long term. If a coin won't die, it'll rise. Whoever would put money in alts in 2014 would be rich by now.

[maydna]

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?

Its depend on you, if what is the best to invest for long term. But i think altcoin ang bitcoin is good..
And you are handle that so you know what is the best for the long term.

yes, I think investing in an altcoin is a good idea especially if we want to make for a long term. but we need to know which coins that will give us the big profit in a long term. for me, I choose ethereum, ethereum classic, litecoin, monero and of course bitcoin. I am sure that this coins will give huge profit for a long term and this is my reason to use this coins as my investment.

[rpg]

May be it's not the best idea. You can invest in alt for long term, but try to spend there no more than 20% of all your investment. 90% of alts will die in near 1-3 years. It's hard to choose best one now

[taxmanmt5]

May be it's not the best idea. You can invest in alt for long term, but try to spend there no more than 20% of all your investment. 90% of alts will die in near 1-3 years. It's hard to choose best one now

No, its not that hard to choose the best altcoin.  The best altcoins are those which are old and proven themselves in the past and in the present. The  example can be Ethereum, litecoin, Ripple and even dogecoin. None of these coin is going to vanish in 3 years time. Rather these alts will really be rising in next years as we are moving towards the real digital world, the importance of these coin will be more significant.

[nl247]

i think that Investing for the long term in an altcoin is good idea, but you must clearly know on which altcoin you are intending to invest in you have to do a search on that because not all alts are a long term investment. only few of them may make it

Yeah that's true. If you want to hold a coin in long term you should research about the coin so you can't avoid losing your money. Make sure that you invest in a good project that have a potential to grow.

Not trying to tongue lash any Alt, but truth can be bitter sometimes but it does not mean we cannot say it. There are some coins that should not even be looked at when considering investing. Personally, I would not even bother holding a coin like XRP, (you can scold me if you want), but considering the fact that it is a centralized coin and that is one coin that can burst anytime, I would rather just be doing my short trading on it.
I only picked on this because I had to lay some emphasis, XRP is not a shitcoin but for me, I do not like it. You should look out for undervalued coins with very good projects to back them up, those are the kind of coins that would end up being useful and also stand the test of time in the long run.

[commenkiz]

Depending on your patience. longer the wait , the higher the profit.

[Kaffo]

Not really invest in altcoins is depends. You need make a good analysis for your investments

[airdrophunter]

Investing in long termalt coin is a good idea if this altcoin is really worth investing on it. In this case, i would choose Neo and Zencash. They may start slow now but i believe in their potential to grow next year.