How do you feel about altcoin long-term performance?

[shoreno]

Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.

top altcoins arent many but they are limited but i must admit that few number of them are decreasing but top altcoin is still better for long term holding than most altcoins out there .

eth and xrp are an example of top alt coin . both coins have a chance ,  i didnt need to explain much on why it can happen to eth because all people already know that but for xrp , most people only know that xrp is less active in terms of development but there is an airdrop coming for the hodlers of xrp . this can help elevate the price of the coin

[Dr.Osh]

Well, the altcoin price hike in 2017 was not only triggered by the increase in bitcoin price but also because at that time ICOs were very popular before many scammers broke them. however, currently, the development of altcoins is quite good. I think it only takes time for the price to recover and get close to its ATH. although not 100% altcoins will respond the same, personally, I have quite an advantage in holding altcoins, although if I hold bitcoins it will get a higher profit. But, a few months ago, it was too risky, considering that the price of bitcoin is so fast-changing.

[jahepahit]

I think because of bitcoin dominance, alts have not been able to perform like people expected. In as much as major focus is on bitcoin, alts growth will be slowed Down and they will rise when BTC becomes stable. But am not so convinced that some top alts ATH will be attained. this Time. Some are still holding the alts they bought at high price because they didn't want to sell at loss. So long term alts performance is not so encouraging but its best to take profit without greed.

[poodle63]

The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

Personally, I am not attracted to most altcoins as part of a long-term investment.
Too many top coins have dropped too low and have been unable to get out of this hole for a long time. It is much better to invest in bitcoin if we are talking about a long term, or some DeFi projects in a short term.

To be fair, most of the projects that could achieve a great feat as such being listed among 20 top highest market capital could hold on for long.
Bitcoin without a doubt is a really promising investment for long term considering its chart even from the first time it was proposed and until now it's always going up but coin like ETH or any other top altcoins have done a great job achieving high market cap that they now could be considered as promising long term investment aswell.

[jaberwock]

BCH was always something that would have sucked, that peak was never a real peak and never assume that it would have been that way for a very long time neither, it was obvious that it was a hyped and bubble situation by the big miners like Jihan Wu that just wanted to see their own coin becoming huge, but it was obvious when people got the hold of it, the price would have gone down. However for the others, alts are looking great long term because in a world where bitcoin broke over the all time high, it is obvious that we are going to see all time high with the altcoins as well eventually.

What bitcoin thought us is that even after 3 years of break, we could come back and break over all time high, which means alts may take even longer, maybe another 3 years who knows, but if you wait long enough you are going to see all time high in everything.

[Inspiron14]

The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.

[dimonstration]

The long term Bitcoin looks amazing so far, because the price of Bitcoin is able to reach a new all time high,
moreover, many predict that Bitcoin in 2021 will be above $ 300k, of course this is really the long term goal.

The price we're too hight for next year prediction, it can reach such amount but we were not sure when it can happen, we should be. Realistic somehow. It's good to keep accumulating BTC as much as we can so whenever we see room that the price will get down in a bit then take that opportunity to buy.

[Dr.Osh]

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.

in fact, if we hold altcoins at the right time, it will also be profitable. for example, if we hold ethereum at the beginning of 2020, now there are quite a lot of profits that can be harvested, even though it's not as much as bitcoin. However, if you measure it in terms of ATH, maybe the altcoins have not fully recovered, but I think there are some altcoins that are also worth holding, especially for those who buy at a low price.

[Shasha80]

I have to admit investing in altcoins is not very safe, because until now some altcoins have not been able to return to their all time high prices.
While Bitcoin managed to reach the new all time high price at $ 24,000. So I agree with the opening post, investing in altcoins can lose our
money. Although not all altcoins are like that, there have been a few altcoins that made it to an all time high this year. But my advice is
to convert the altcoins we have into Bitcoin, to make it safer and more profitable.

[iTradeChips]

To be honest, I have not really given much thought about altcoins as my main investment. I always focus on Bitcoin and I always trade altcoins to bitcoin and always do my trade so that I will earn in Bitcoins or satoshi. I only use altcoins that I see tradable, in my daily tradings in Binance. I want to earn bitcoin and only bitcoin is increasing right now. I don't see that it has an impact with the other alts. Maybe in the long run but why wait when you can earn now. Research well and do day trading.

[leea-1334]

I think because of bitcoin dominance, alts have not been able to perform like people expected. In as much as major focus is on bitcoin, alts growth will be slowed Down and they will rise when BTC becomes stable. But am not so convinced that some top alts ATH will be attained. this Time. Some are still holding the alts they bought at high price because they didn't want to sell at loss. So long term alts performance is not so encouraging but its best to take profit without greed.

Not so much about greed anymore with some altcoin holders,,, at least, to talk about myself;) A lot of alts I just left them and let them die on platforms or even wallets I do not bother to open anymore. It is not that I am greedy. Pointless to go through a lot of hassle for a few dollars, but worth it to do something later if they hit hundreds. May never happen but who knows?

[Sterbens]

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.

That's right, I had another year holding altcoins that finally ran out and had nothing to do with. As for not all altcoins, there are still some altcoins like Dogecoin that are quite guaranteed apart from bitcoin and Ethereum. Of course Dogecoin is worth investing in until recently.

[isaac_clarke22]

~

This is why many altcoins are meant to be daytraded anyway.
I've hold some ICO tokens and they went dead for quite some years now and good thing I managed to sold to the narrowest price as possible before it went flat.

[lumierre]

If we are talking about storage for several years, then you need to look for options for Altcoins not lower than the TOP 50. With a strong desire to take a risk, but it is good to study the coins in which you want to invest. There is always risk, there will always be ups and downs in the market.

[Fredomago]

If we are talking about storage for several years, then you need to look for options for Altcoins not lower than the TOP 50.

I agree with that, as those who are inside top 50 mostly have a good community supports and the developing team are still active
developing the project and providing updates.

With a strong desire to take a risk, but it is good to study the coins in which you want to invest.

It's very important that you have a much deeper understanding with the assets that you'll going to invest your hard earned money
knowing the future and have a much better glimpse from how things will go in the future.

There is always risk, there will always be ups and downs in the market.

Risk is part of your venture, any investment have it. If you want to continue then keep doing your DYOR from time to time to lessen
the risk.

[Yatsan]

Some Altcoins are still getting into small movements in terms of price so we cannot say that it has been consistent for the past years ever since the last bull run that have happened way back 2017. There are still. Some Altcoins that are performing well but sadly dump its price right after reaching a new price mark. Of course it is a sad thing that such performance have been prolonged and still it has maintained into that situation. For sure many of us are also having Altcoins aside from Bitcoin so we are sharing the same thought and feeling with regards to that. Better do always take into observation your Altcoins to see which are still having a chance and those who are not so you can dispose those and at least make it a part that you will gain somehow from them.

[Kareemramzy87]

In my opinion, trading in the long term needs to be studied, especially since the prices are now high, and if we hold and they fall, we will lose a lot.

[ahoenk]

Alt coin in long term used is still needed but you also need to researh which altcoin has a real project development. IMO these are altcoin which can still used for long time. :
1. Ethereum : its EVM will be used untill next decade
2. Litecoin : it will still usefull for payment transactio, but we will always see the high fluctiation.
3. Dash : with the launch of dash pay it will be daily use for payment
4. Steemit : it will still be used for blogging ( i dont understand why the price dump so hard )
5. SYL : for identity verification is next future ( XSL Labs )

[poodle63]

And it is the same even with top 10 or top 50 alts. Long-term holding for them is really risky. But if you assess them and you are confident with yourself that you are on the right track, then go for it. Because only you can decide where to invest. But you need to meticulously assess each project you want to venture with. Because whatever the results of your decisions, is all on you. On my end, I am not really confident with alts, so I usually stick with btc.

Honestly these altcoins with high market cap is having a hard time being pumped because its potential probably already on its peak. altcoins with relatively low market cap but still not too low could make huge profit but usually very risky. I think the most suitable coin for long term is just bitcoin honestly seeing its dominance which humongous and everytime there's a good news about blockchain adoption everyone goes crazy with bitcoin.

[maryanti]

The best investment option is in bitcoin. do not store altcoins for too long as they will lose money.
When there is an opportunity for profit immediately sell.
Although top coins like eth, which used to go up with bitcoin, are now declining.
There's no guarantee that the top coins will last very long.