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.
So far, I only keep BITCOIN and DOGECOIN assets for the long term ... because I believe both of these coins have a price bond ... if bitcoin rises then dogecoin will also go up and vice versa ... then I save both of them as investment term long ... with so many opinions about the increase in the price of bitcoin it makes me even more convinced to save both of them ..