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Author Topic: Altcoin provides more long-term profits  (Read 1085 times)
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January 19, 2020, 06:28:57 PM
 #41

If this today has been created in 2016 I will definitely vote for altcoins and I will support it will be perfect option for long term profit but unfortunately now now the complete cryptocurrency market is changed.
if we invested on altcoins will not able to ensure that we can make the profit out of it.

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January 19, 2020, 06:41:02 PM
 #42

How can you just have bitcoin and altcoins. Altcoins are not just one coin you cannot generalise like that. Altcoins cossist of thousands of coins most shitcoin. Obviously, if you find a good coin it will bring long term profit since it will be a good project and not just a coin like bitcoin.

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January 19, 2020, 07:13:04 PM
 #43

It is no news that altcoins give more money than BTC. It is easy to make x10 in altcoins than to make x10 in BTC. We should not also forget that we can also lose everything to altcoins within a twinkle of an eye.

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January 19, 2020, 08:43:38 PM
 #44

in my opinion there are risks besides things that are beneficial.  You might see the percentage increase in altcoin is greater than bitcoin but if the position where the crypto price drops you will see the biggest percentage decrease in altcoin. Considerations before choosing and using crypto.

Yes, correct, that's why it depends on the situation. Also, it depend on the developer, if they are active then expect the altcoin to be profitable but if they abandon it, then what could you expect. It's better to know the continuity and long term plans of the project not only for pump and dump.

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January 20, 2020, 08:14:11 AM
 #45

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.
old altcoins like ETH, LTC and some have followed the price of bitcoin since yesterday, there is no Altcoin that is still new to go up following the price of bitcoin, maybe everyone saw it in coinmarketcap that since last week bitcoin went up almost all of the old Altcoins also went up in price, so I just invest in old altcoin, don't love the newly released altcoin let alone take it as a long-term investment
For the new altcoin itself is indeed not the right choice to invest, especially to be invested in the long term, maybe new altcoin is only suitable for trading in my opinion personally and for investment in the long run it is better to choose the old altcoin because we know every time there is an upward movement from bitcoin, altcoin altcoin follows its movements and altcoin is a good coin to invest.

yes, because altcoin that is newly released sometimes may not necessarily be able to develop and last longer like old altcoin, we will see that even most of them do not last long only a year suddenly their project is closed due to bankruptcy, all traders need to research before trading and investing if only just following People worry they will choose the wrong altcoin wrong, if everyone wants to safely go to old altcoin to invest long term

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January 20, 2020, 08:26:49 AM
 #46

Bitcoin is more reliable and trustworthy than most altcoins. I'm skeptical a bit about alternative cryptocurrencies, no one knows what to expect. There is a risk that new altcoin turns to be a scam.
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January 20, 2020, 08:34:06 AM
 #47

no investment is really safe, you need to think about it. everything has positive and negative effects, therefore people always speculate. The advice I want to give is, when you intend to collect more bitcoin, you need to hold altcoin, while for assets that are likely to get large profits, I suggest holding bitcoin.
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January 20, 2020, 08:42:44 AM
 #48

Bitcoin is more reliable and trustworthy than most altcoins. I'm skeptical a bit about alternative cryptocurrencies, no one knows what to expect. There is a risk that new altcoin turns to be a scam.
Basically, all coins have risks, both bitcoin and altcoin, only for old altcoins that have proven to be very risky if we compare them with new altcoins now, because we don't know the extent of the power of new altcoins today.
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January 20, 2020, 08:44:01 AM
 #49

the risk of holding altcoin is 5-10x greater than holding bitcoin. but the benefits are the same too. if you choose altcoin to hold. choose the best altcoin and top 10 on CMC. even though it's not a guarantee. but 80% is good. I suggest it is best to hold bitcoin. but if you dare to risk. altcoin will give you greater profits, as you said.
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January 20, 2020, 08:44:05 AM
 #50

Investing in altcoins is certainly possible and necessary, but do not forget that after some time most altcoins simply disappear from the cryptocurrency world due to various problems, and therefore you should invest only in the most top altcoins so as not to lose your investments, but you can also invest in bitcoin when bitcoin falls in price.
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January 20, 2020, 08:52:34 AM
 #51

many choices, the price is relatively cheaper than bitcoin and the opportunity to make more profit. Maybe there are some benefits if I spend more of my money investing in altcoin and holding it for the long term. But the negative value that I found is that the influence of bitcoin is too big on altcoin until now.
Bitcoin will keep wining in this area because of its popularity, I prefer to invest on bitcoin and keep taking profits when bitcoin surge in value, bitcoin have better chance of bringing profit to investors than altcoins, it just take longer before you see returns if you invest on altcoin

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January 20, 2020, 08:54:08 AM
 #52

Your ability will be tested here that if you pick the exact altcoin then they will provide to you long term profit but i have to says invest for altcoin is risky than bitcoin because if you're get the wrong steps then your money will be dried rapidly because some of altcoin can be dumped anytime without can bounce back anymore and that's why after considering those factors and for long term purpose people will more likely to choose bitcoin instead of altcoin

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January 20, 2020, 08:59:35 AM
 #53

no investment is really safe, you need to think about it. everything has positive and negative effects, therefore people always speculate. The advice I want to give is, when you intend to collect more bitcoin, you need to hold altcoin, while for assets that are likely to get large profits, I suggest holding bitcoin.
Not only investment, all the decisions that we will take or the steps we will take going forward always have risks and we must be prepared for that. And for bitcoin itself, in my opinion is a very good coin to invest in the long term and for altcoin itself maybe only a few top altcoins are good to invest in the long term because for me personally most altcoins are suitable for use in trading rather than to be held in the long term.
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January 20, 2020, 09:02:54 AM
 #54

Bitcoin is more reliable and trustworthy than most altcoins. I'm skeptical a bit about alternative cryptocurrencies, no one knows what to expect. There is a risk that new altcoin turns to be a scam.
Don't touch the new Altcoin, it's full of risk, if you want to invest with Altcoin then my advice is to choose potential Altcoins like BNB, ETH, and LTC or Altcoin which is in the top 10-20 at coinmarketcap. I am still optimistic we can profit from long-term investments with Altcoin.
I think altcoin that you have also has a very high risk because trading in the world of cryptocurrency no one can avoid the existing risk and no one is safe, so you should be careful when you want to buy any coins, the price of all cryptocurrency can collapse at once and rise instantly without your knowledge.
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January 20, 2020, 09:10:27 AM
 #55

just remember , mostly is not for long-term investment,the simple reasons,because altcoins is more fluctuactive than bitcoin.
so far i just found BNB,KCS,OKB is worth for long term holders,even eth still a bit more fluctuactive for now rather than that three coins that I mentioned..

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January 20, 2020, 09:10:53 AM
 #56

I find it better if you'll invest with well-established altcoins like Ethereum, Xrp, Bch, and Ltc. There are still potential altcoins that we could trust so we have to keep the faith. We only have to choose the best ones so we'll never have regrets in the end. I find it too risky if we'll trust newly established altcoins because they still need to build a strong foundation first. If you want an assurance aside from investing with BTC, you better choose trusted coins.
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January 20, 2020, 09:35:49 AM
 #57

Bitcoin is more reliable and trustworthy than most altcoins. I'm skeptical a bit about alternative cryptocurrencies, no one knows what to expect. There is a risk that new altcoin turns to be a scam.
Don't touch the new Altcoin, it's full of risk, if you want to invest with Altcoin then my advice is to choose potential Altcoins like BNB, ETH, and LTC or Altcoin which is in the top 10-20 at coinmarketcap. I am still optimistic we can profit from long-term investments with Altcoin.
I think altcoin that you have also has a very high risk because trading in the world of cryptocurrency no one can avoid the existing risk and no one is safe, so you should be careful when you want to buy any coins, the price of all cryptocurrency can collapse at once and rise instantly without your knowledge.

They are all too risky, that's why we also need to be vigilant no matter what's their place in CMC, whether are on top altcoins or not, we should be vigilant always on it.
If we can find long term, and we think that we are good for it, then study hard and make sure that we always checking their developments to make sure they are improving things.
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January 20, 2020, 09:44:45 AM
 #58

just remember , mostly is not for long-term investment,the simple reasons,because altcoins is more fluctuactive than bitcoin.
so far i just found BNB,KCS,OKB is worth for long term holders,even eth still a bit more fluctuactive for now rather than that three coins that I mentioned..
I understood on what basis you've selected all the three altcoins for long term holding. All the three mentioned were exchange backed altcoins, more the progress and adoption of cryptocurrencies more will be the usage of exchanges. This way at any situation the usage of exchanges won't fall back, and this assures continued development which is the base for further uplifting of the market value of the respective tokens.

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zulfi125
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January 20, 2020, 12:34:16 PM
 #59

Altcoins are not performing well since 2018, and the only Bitcoin is growing. Still, I think after reach the price of Bitcoin at the level of $10000, other altcoins will also perform well but should be patient for long-term and also should invest in good projects, not in every project or low worth project.

ttcsalam
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January 20, 2020, 12:43:59 PM
 #60

It is possible to get more profit by stacking some alternating coins. However, if the price is reduced then the irony has to be acknowledged.That's the problem. However, stocking does not kill the capital anyway.

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