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

[odranoel]

Although that we all know that in long term of investment of altcoin is risky but it is still a good idea for me, because if lucky attacks on you, you will becoming a wealthy person immediately.

[Snakerist]

I think it is the only strategy to gain good profits. All you need is to find the right coin. The problem is that there are too many coins.

[Wyndesam]

I think a very good idea) , especially in the fall when altcoins as it is now I think for them is a lot to take interesting coins

[Ilona7550]

I think that investing in an alternative cryptonomete is absolutely normal placement of funds. The question of what amounts to understand by investing. Having 1000 dollars you can invest in an unknown coin. And if you place 100,000 dollars, you need a deep analytical work. Now the company is entering the market, which will make it affordable to reduce risks when investing in the crypto currency market.

[infested]

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?

Yes, find the best projects and invest longterm that is what i am doing.

[letsfly]

Sure, its a good idea to invest in altcoin for long term as long as the altcoin has a bright future. Invest in altcoin that back up by a good community and possible has a stable exchange. These altcoins will not go down easily and your investment will grow here.

[Direwolve735]

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?

Depends on which altcoin you are interested in. There are promising projects that are suitable for long-term investments. One of these I consider Caspian (https://caspian.tech), which right now offers a token challenge (https://bitcointalk.org/index.php?topic=4886561.0). But most digital coins are not worth your attention, because they are non-competitive and die, never getting to the proper level.

[Abiodun99]

It is advisable to invest in cryptocurrency only the amount you are able to lose.These markets require a lot of knowledge to create quality, but there are many things to be found.

[kenmobility]

Its not easy to be a long term investor in crypto, especially seeing the coin dip so hard and you will wishing you had sold them out at their ATH and gotten more of the coins at its dip

[Choyor]

My opinion is if we want to invest in crypto in the long run as well as investing in Bitcoin, because I am sure it will be profitable. But I'm not sure of Altcoin, maybe for some.

[Benarand]

I do not know who. For short-term choose Eth. Since in long-term investments if you study and analyze the market, you can determine that for periods from 1 to 5 years, it is better to choose bitcoin. Although everyone has his own opinion.

[Sasha88x]

I think investing in a promising altcoin for the long term is a good idea. Cryptocurrency is developing and Altos will grow in price.

[pryzh]

I think putting resources into a long haul is great, yet some say it dangerous relying upon how you figure out how to contribute and what altcoin you will contribute. I figure you should audit deliberately what you need to contribute your cash. Furthermore, put resources into a decent undertaking that you realize that your cash that you'll put resources into will be sheltered and seccure.

[Bendz]

I think it is the only strategy to gain good profits. All you need is to find the right coin. The problem is that there are too many coins.

one of the best alternatives, for now, is to choose an altcoin that is above the top 50 as a coin with the highest price because I think choosing to invest in these coins has the potential to make a profit because it already has a good reputation.

[colepro]

I dont think so. In this curent situation of market you just trading in a short term.

[Masongrae]

If you will do a good research of altcoins and choose some who are stong and stable and not volatile, you can invest in those altcoins for a long term but don’t put all your investment in only one altcoin because you syill need to consider the risks as you invest.

[hanapre]

In my opinion to invest in the long run. We have to follow a good project with a solid team, their tokens go up along with the development of the project. To invest long-term for Altcoin I will choose an investment for Ethereum because of great trust.

[MediumPassion324]

I think if you invest now, then you may not hold for long as the market is rising again. So if you invest now, then you may get good profit.

[NakiRR]

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'm already around 1.5 year on this market, and yes, earlier hodl was a good strategy, but only on up-trend, but if you see waht is happening with alts on this down trend then the answer will be obvious for you. But i'm accumulate some alts portfolio now for middle and long term hodl, i hope that the market will recover very soon and this strategy will work again.

[allanr]

if you have prepared specifically for investment funds, then investing in the long term in the altcoin is the right step.
I understand now is a tough time for bitcoin, ethereum, altcoin, and others. but I believe that in the future altcoin prices will stabilize and crawl up again.

I suggest that you carefully choose to invest in altcoins, especially for new altcoins, because of the many scam projects lol