Altcoins that drops drastically should be avoided, because you can’t control the volatility nature of cryptocurrencies which is why you should be careful how you invest in some altcoins you can approach altcoins that are associated with stable coins, most of the altcoins depends on bitcoin to thrive, but most times I would appreciate buying and holding bitcoin, because I can’t imagine holding altcoins.
Holding altcoins would be too much of a risk involved, I can only buy altcoins for short term investment and I would appreciate buying bitcoin for a long term investment.
If an altcoin is swinging a lot, I see it as a risk sign. Many alts dump hard because they have low liquidity and are driven by hype, so one big sell can crash the price. If I ever buy an alt, I check if it has real volume and real use, not just community hype. Most of the time I prefer holding bitcoin long term. If I touch alts, its only small money and short term, because many dont recover after a big drop.
