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.
A lots of time I've invested Bitcoin to altcoins. Furthermore I can still remember those name & their market price.
That's because I've found them more profitable than Bitcoin.
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.
The reasons was in your thread and that is "i could profit in the long-term" from those altcoins. That's why I keep them in my mew wallet. But this year, I've sold some of them due to dump market & unable to fulfill their aim...