LONG TERM INVESTMENT REMAINS THE BEST

[GeorgeJohn]

From my own veiw of understanding, long term investment is good but very difficult to keep without going to withdraw the money to solve problem and sometimes the project will not last long and you will lose your hard earn money. But if you can invest small small in different coins you will not be able to loss all your money at ones if the project will fail or collapse in the future. It is obvious some altcoins are shit coins that will not have future for you to do investment. But if long term use to work for you, no problem too but you habe to be careful with every project

[Mpamaegbu]

2; HODL, HODL HODL no matter what.
3; LONG TERM INVESTMENT PAYS OFF.

a 200usd investment on Fantom at Mid April Now worths 200,000usd.
a 200usd investment on solana at same time worth over 62,000
same can be said of AXS and so many others. go for long term.

There are a lot here who will vehemently disagree with you on that, owing to their bitter experiences from hodling for longer than necessary. I also share in their sentiments too. We don't have to hodl just because others are hodling. Let there be a defining reason why we hodl and time to cash out on certain tokens so that whenever the ache from loss comes (it certainly will come, either in a way of crash/dip or project abandonment), we know how to handle it.

Maybe you will need to read this user's comment in this quote 👇 to understand better what I'm labouring to say. So, I would say that it's different strokes for different folks as exemplified in both quotes here.

In 2012, I mined about 2500 FTC, then worth about $25, because it was lighter than litecoin and was going to dominate. Now after 8 years, its worth about $6.
In 2013, I bought about 10 AUR for around $300, because it was going to be airdropped in Iceland, Now it's worth about $0.30.
In 2014, I bought 100 XPY for about $1000 because the developer set a price floor. The developer went to prison and now it's worth about $1.

[batang_bitcoin]

2; HODL, HODL HODL no matter what.

It's okay to hold and we all agree with that but to say that no matter what happens, you'll still hold then there's the disagreement from the others including me. There's a condition for this tip of yours that if you're holding other than bitcoin then you should be aware that many altcoins in the past that seem to be good have dropped significantly and turned to a lesser value. But if this is going to be applied to bitcoin, we truly agree that it's the future and no matter what the market situation is, it's better to hold not unless you're facing some misfortune and circumstances that you have to act on and choose the better option like selling a few of it.

[ShowOff]

It's okay to hold and we all agree with that but to say that no matter what happens, you'll still hold then there's the disagreement from the others including me. There's a condition for this tip of yours that if you're holding other than bitcoin then you should be aware that many altcoins in the past that seem to be good have dropped significantly and turned to a lesser value. But if this is going to be applied to bitcoin, we truly agree that it's the future and no matter what the market situation is, it's better to hold not unless you're facing some misfortune and circumstances that you have to act on and choose the better option like selling a few of it.

I think we can do it with bitcoin without any doubt in it. There are quite a number of investors today who have managed to make huge profit because they bought and held bitcoins over the last few years. I also wouldn't say altcoin are useless as some of them are also potentially good for long term investment and profitable for investors, but obviously this has to do with analysis.

[pooya87]

There are a lot here who will vehemently disagree with you on that, owing to their bitter experiences from hodling for longer than necessary.

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too. But they forget that going up in value only occurs if they are providing a useful utility which none of them are. So all we have in altcoins is pump and dumps and when their price goes up since their value is still low it becomes a bubble which has to burst hence the follow up dump.
In fact this way of newbie thinking is the main reason why these shitcoins get pumped in short term.

[Mpamaegbu]

~snipped~

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too.

One way or the other, we all also thought as these present newbies. If no one did, I did in 2017 when I joined the crypto industry. Oh! How I used to acquire cryptos worth less than a cent, hoping they would fly into exaggerated profit like Bitcoin was doing at the time. I never knew what a usecase or utility was. Didn't even know there was something like that. I believe these newbies will also learn. However, one of such tokens I got at that time was dogecoin. I'm lucky to have benefitted from it, anyway. I guess it's the only one I bought then that I made a fortune from. Again, there's a reason Bitcoin stands on its own while other cryptos are referred to as altcoins, including ETH.

[suzanne5223]

~snipped~

The problem is that newcomers think that just because these shitcoins are categorized the same (all including bitcoin are cryptocurrencies) and since bitcoin has gone up then they should too.

One way or the other, we all also thought as these present newbies. If no one did, I did in 2017 when I joined the crypto industry. Oh! How I used to acquire cryptos worth less than a cent, hoping they would fly into exaggerated profit like Bitcoin was doing at the time. I never knew what a usecase or utility was. Didn't even know there was something like that. I believe these newbies will also learn. However, one of such tokens I got at that time was dogecoin. I'm lucky to have benefitted from it, anyway. I guess it's the only one I bought then that I made a fortune from. Again, there's a reason Bitcoin stands on its own while other cryptos are referred to as altcoins, including ETH.

I am also among those that once had such belief in altcoin before I know Bitcoin and I am the newbies back then that joined this forum through my research about a certain altcoin but glory is to God cause all this change after I know this forum.
However, the case of the majority of the newbies we have these days seems worse because they never take their time to do research about cryptocurrency they only believe in the act of making bucks through crypto.

[rosemariefrancis]

Holding new coins is risky as it may drop to a cent. It's better to hold old coins since they have constantly been pumping over the past few years.

[tvplus006]

...
a 200usd investment on Fantom at Mid April Now worths 200,000usd.
a 200usd investment on solana at same time worth over 62,000
same can be said of AXS and so many others. go for long term...

This statement will be true if the coins were correctly selected for long-term investment. And you gave an example of exactly such right investments. But there are also not such profitable coins, from holding which you can get a small profit or even a loss.