How do you feel about altcoin long-term performance?

[seleme]

l don't think the same about every altcoin, that is why the performance of every coin is so different. For me, top altcoins ETH, BNB, etc are the best for long-term investing. XRP can be also a good choice for the long term, but as l mentioned top altcoins are not a good choice for short-term investing. On the other hand, if you can be enough patient, you can earn from ETH by long-term investing.

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

but i believe top altcoins such as ethereum is a good coins to hold mate
as we see now, ethereum already break its ATH, and i'm sure other top altcoins will follow to except xrp

the new season will boost the ETH price and the retouch can happen around $2k price. It is so obvious that the new alt season will boost the all dead and alive altcoin if the ETH can cross the $2k price tag. The XRP case is a bit complex and different, maybe the solution between Sec and XRP will be the new "excuse" for the boosted XRP price. Anyway, it is worth investing in reliable and solid projects nowadays.

[1714630503]

1714630503

[Banulit]

I have a strong confidence to top cryptos such as bitcoin and ethereum dealing it in a long-term process because we have seen how this top rank cryptos grows from time to time. If you really wanted a cryptocurrencies to hodl in long term it is really beneficial for you to do your hodlings in top rank cryptos.

[silverston]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Bitcoin grows because it guides the market, it was clear that the market pump would start with Bitcoin. And many altcoins are worthless projects that drew a beautiful whitepapper and promised a lot of good things in the future.

As a result, when the market fell, many such projects depreciated. Some of them I sincerely liked (for example, ICON or XEM), but now they are at the bottom, and it is far from the fact that they will ever get out, unfortunately ...

[Kunnu]

I have seen so far quality altcoins can be more profitable only for short term and it's all depends on which kind of altcoin we have chosen for short term this is very important and the other side some people buy altcoins for long term by falling in false news and their investment ends up with loss so both technical and fundamental analysis is very important before buying altcoins for long term.

[Argoo]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Altcoins are only a few years old and have more than 8,300 types. Due to the fact that everyone can create their own altcoin, useless and fraudulent altcoins make up a decent amount of this number. However, in general, there is a good process of their development. You just need to choose the right potential altcoins and they are able to bring profit even more than bitcoin.
Altcoins are generally durable and worth investing in, only their useless types are short-lived.

[Coyster]

but i believe top altcoins such as ethereum is a good coins to hold mate
as we see now, ethereum already break its ATH, and i'm sure other top altcoins will follow to except xrp

+1.
I am not too sure about other top altcoins, but Ethereum for me is doing great in the market, right from last year, it always looked positive to break the ath, which it did this month, Ethereum for me is the coin that makes the difference in the altcoin market, how high can it go by the end of this year? I wouldn't want to speculate, but I don't think the community of eth holders would be too surprised if it goes as high as $2000 and even higher; if you're hodling eth for the long term, I believe in my heart of hearts that you're making the right choice.

But by and large, OP is prolly correct cause majority of altcoins break down in the short term, as a result of either having reincarnated use case, pump and dump or a scam team behind them, that's why it's somewhat good to take your ROI in the short term and pull out before it crashes on you.

[Miaallen]

I feel all the major well known altcoins are doing great and performing as or near expectations. And we can see the strength displayed by new ones such as UNI, DOT, LINK, CAKE and many more that has increased in price in multiple folds of their IEO prices. I feel good about many of them.

[hatshepsut93]

Altcoins are only a few years old and have more than 8,300 types. Due to the fact that everyone can create their own altcoin, useless and fraudulent altcoins make up a decent amount of this number. However, in general, there is a good process of their development. You just need to choose the right potential altcoins and they are able to bring profit even more than bitcoin.
Altcoins are generally durable and worth investing in, only their useless types are short-lived.

You're missing the point here.  When you look at long term, no altcoin performed as well as Bitcoin, Ethereum barely managed to get to the level of 2017 ATH, while Bitcoin already doubled it. Yeah, with good timing you can trade alts, but the same is true for everything - Bitcoin, stocks, commodities, foreign exchange, etc. But I'm not talking here about trading, I'm talking about buying and hodling for years. And alts are not good here. Nearly every alt is down in BTC price historically.