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.
From the past I always buy low price coins in the market, trading my bitcoins to it. But lately I realized it's not the way I should do to my investment. So now, I am just trading my Bitcoin to ethereum and convert it back to Bitcoin when I see some profit and it worked well. I think I just stick to just this two coins for now then see another strategy to grow my money in crypto.