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Author Topic: Investing for the long term in an altcoin is good idea?  (Read 3803 times)
Wackyabby
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August 02, 2018, 03:49:34 AM
 #221

Long term investment is a better option when you buy during dip. Holding is safer and can bring huge profit.
You need to do research and make sure it's a good one
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drixty
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August 02, 2018, 03:56:50 AM
 #222

Yes as long as that altcoin really show possibility for long term goals and always making good updates to its development. Altcoins have features that is more worthy than bitcoin. Thats why it is one of the highest demands in cryptocurrency.
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August 02, 2018, 04:00:37 AM
 #223

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?

All questions like this will always return to each altcoin. But most importantly, if you have the right altcoin and buy at the right time, I think long-term investments will be able to provide more optimal benefits than all short-term accumulations.
xiboothrezi
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August 02, 2018, 04:03:48 AM
 #224

If you liked for the safe way, although slowly, preferably hodl is your choice. No problem play long term with altcoin that you have. However, not all types of altcoin are good for the long term. There are some specific type, which does more good for day trading course.
So we have to do an in-depth analysis before deciding to invest with Altcoin. If you want a long-term investment, you must analyze the development of the vision and mission of the altcoin. Supported by the power of the media, news and issues related to an altcoin will certainly be very influential, so we must always update information.

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blackhawkeye1912
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August 02, 2018, 04:04:00 AM
 #225

Yes it is a good idea ONLY IF you had chosen the RIGHT altcoin.

How are you going to choose a good altcoin? You do your reasearch online. There are fundamentally and great projects out there that might give you fortune in the future.
.Bitcoin.talk.
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August 02, 2018, 04:07:38 AM
 #226

Yes its a good idea.

And always watch the market to sell at HIGH price and buy at LOW price.
briton
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August 02, 2018, 04:10:24 AM
 #227

for this matter, I think it will very depending on the type of altcoin that is. If indeed the ethereum, I guess it doesn't matter if in play long term. But for the price movement of the altcoin quickly, it would be better you play day trading course.
telexnetwork
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August 02, 2018, 04:14:36 AM
 #228

investing a long time will depend on many factors.
1. if the project demands that, you have to hold to maximum
2. if you have extra money that can make you hold such investment for a long period of time
3. if you want triple profit by 100 to 100x
betece777
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August 02, 2018, 05:53:55 AM
 #229

too hard to predict the crypto fore, I mean if we save the run can we get a loss or for the development of altcoin sanagat hard to predict canapa because altcoin exchange just happens in the market alone we can not exchange it in other like banks and as his so for its development may be hampered in its sole discretion
dtimmy
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August 02, 2018, 07:53:53 AM
 #230

Long term investments are really great, but all the same, one needs to know the kind of coin to invest in long term. It depends on the kind of coin one is willing to invest in. But, to me, the only long term investment I can execute is with bitcoin and ethereum.
Newsky
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August 02, 2018, 07:56:56 AM
 #231

Long-term investment in some excellent altcoins is a good choice. At present, the market is at the bottom. You can buy some excellent altcoins and hold them patiently, waiting for the market to pick up. I believe they will have a lot of room to rise. You can get huge profits from it.
maydna
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August 02, 2018, 11:23:45 AM
 #232

I am not sure about this but if you can choose the good altcoin, I think it is possible to make a big profit in the long-term. and we know that ethereum is one of the best coins that we can choose for the investment, I think we can choose this coin and hold for a long-term. but we need to determine how long we want to hold so we can take the profit after the time of investment of over. and we don't have to afraid if somehow the ethereum price is down in the next days because we only use ethereum for the investment and it means, we need to stay calm with our investment.
aicel
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August 02, 2018, 12:19:44 PM
 #233

I think long term investment is good. It is a strategy which your money can be profitable.  Patience is the key. Holding is better sometimes. But it depends on the coin which you are investing.
123pogi123
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August 02, 2018, 12:24:28 PM
 #234

for me.
I do not believe that when you buy altcoins it's better to hold it long. because we know the market value is not stable. if I'm always in the market for you when you know that the value of the tokens will increase you will be able to sell it immediately for more money to be received.

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Script3d
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August 02, 2018, 12:54:24 PM
 #235

you can easily make millions if you invest on those altcoin who are gonna be big in the future let's put NEM for example. any top 10 coins on the market that have been sitting for a while would do like ltc. holding coins for a year pays off it will even pay better if you'll do 2 years or more just make sure sell those coins at its peak for bigger profit.
kakaword
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August 02, 2018, 01:03:11 PM
 #236

I think that investing in some excellent altcoins for a long time is a very good choice, because they have more room for growth, you can get more benefits from it, but you must pay attention to choose excellent altcoin, if you invest some Garbage altcoin, you may lose all your investment.
Rongelweng
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August 02, 2018, 01:03:57 PM
 #237

I think investing for long term is a good idea. It can be much profitable if you hold it. It can be better to hold if the market price is high. And it depends in which coind you invest.
Pulafripta
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August 02, 2018, 01:07:45 PM
 #238

if you want to invest long term you need to have a strategy. when i do long term i invest in 10 projects and keep them for one year. Some will provide losses but some will make you 100x +.
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August 02, 2018, 01:15:11 PM
 #239

Investing in altcoins is a good idea, but only in reliable ones. I mean top 20 alts are worth investing in,because they have working product and won't disappear in 1 moment.
For me this factor is more meaningful and it is essential to save your money and restrict potential losses.

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August 02, 2018, 09:59:23 PM
 #240

I don't know if you've found any patterns in the encryption market. Bitcoin generally starts to rise first. Then altcoin began to rise. So it's worth more to invest in bitcoin than altcoin

I agree with you because nobody knows the future of the cryptocurrency. But for real time Bitcoin is more popular than like the others altcoins. But it's up to you what to do you can try anything you want. Maybe you can be rich of it.

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