I have recently took investing on poloniex serious. Ever since I've invested the alt coins have been down. Do the amount of coins I posses go up if I stay. Also, do I have to wait for the coins to go back to their original price that I bought fo in order to make a profit? What are the reasons to holding if prices are down? Thank-you.
I think you should not hold any coin at the moment, it can be seen that the prices of bitcoin and altcoin are decreasing continuously in the past days, which suggests that if you buy and invest at this time and I intend to hold on for a long time, I believe that you will make a loss. The bitcoin price is at $ 7,800 and according to my analysis, the bitcoin price may reach $ 6000 in the coming days so you can wait until then to buy bitcoin.
I believe that it is now really the best time to buy and hold for a long term. If we do buying at this point of time we may have a lot of profit in the next coming month because, I believe that the bitcoin price will really rise soon and it will really give us a huge amount of profit if we are lucky and get the right timing on selling.