Post
Topic
Board Altcoin Discussion
Re: Cryptocurrenices not a good investment?
by
mastadonballs
on 16/06/2017, 16:32:13 UTC
Lots of people are saying that cryptocurrenices aren't a good investment because just hoarding the coins over time they will lose their value. I disagree. Not everyone is going to be hoarding for a start. If the currency has great features, potential and relatively cheap say 2 cents a coin just starting. In 3 years time it that coin became worth say 3 dollars and you decided to sell, you have made 150x what you invested. Am I missing the point here? Maybe there not good investments in the traditional sense More gambles. But still a gamble like that would of paid off so maybe it's not such a bad idea taking somewhat of a punt.
Only when you know when to buy and when to sell, in 3 years, your coin has increased its price 150 times but if you predict the price change in the right way, you can earn more than 150x because you can sell your coins when the price was high and buy again when it's low