I have thought of this topic because I don't invest much in altcoins, just trading it to profit. I'm talking about the one you will buy that you would HODL in the long term and keeping it in your cold wallet, hardware wallet, paper wallet, or whatever you do with it as long as you keep the currency itself.
The reasons I could think are the following:
- You invest because of the Technology of the coin And what it could bring to the cryptocurrency space
- You know the developers and supporting them
- You believe you could profit in the long-term
- Because of the Name of the coin. Lol.
I'm just wondering if there are other reasons that you may have and if you agree with the ones I listed. Share it here.
For me in my opinion I focused on the technology of the coin if this is a good investment and also to their marketing strategy if how they spread to the world their project. In the reality the more you fame the more you have investor right? Like bitcoin, Bitcoin is only the 1st cryptocurrency and we respect his technology because that is a new generation of money. But if we think twice there is no other utility right? Its only because bitcoin is now very famous.