That simply mean you cannot hold altcoins longer, they are not like bitcoins so better do it in short term trades. Just always think that there is a big money in trading and your job is to spot where you can invest to gain. UBIQ which is currently traded at Yobit.net just pump this month, from 2 satoshi it pump to 299 satoshis and I'm sure there will be a lot that is coming.
I will not risk trading in Yobit as they have all the coins in the world and anyone can create a coin and list in that exchange.I started out in yobit and lost a lot of money as no one knows how and why the coin is moving and who is pumping the coin and most of the traders in yobit usually become the bag holders rather than making some profit.
well yeah they have most of the coins but it is good in my opinion as it actually gives you more opportunities to choose from, but either way it is risky to do trading because it is just like gambling and you might lose a lot of money.
This is good sum for investment, especialy for trading. It's risky but the chances for profit are good. Since the price is very good at the moment and it's still climbing up just holding Bitcoins for longer time it's also not the bad idea. So, it depends are you prone to some risk and higher profit or do you want something smaller but more secure.
The hype in btc is fucking big. And this will up until etf give us a answer. Then we will know, if is time to sell and buy cheap, or buy more and more
For now there is not way to know that what will be the price of bitcoin in the future or this coming days or months.. the price is too high right now as you said.. and i think if you really want to make a profit just but a small amount or buy bitcoins right now but not buy all and maybe the price will go down..
of course that is impossible to know what the price is, but that's why it is possible to make money with it, if the price was easily predictable it wouldn't be good at all because everyone would get a chance to become rich easily without any efforts.