Quote from: andycarrol on June 29, 2020, 11:14:48 PM

Quote from: TheClownSong on June 29, 2020, 10:17:04 PM

Quote from: MrMojoRising26 on June 16, 2020, 06:45:35 PM

altcoins are great for flipping for more btc but dont every marry a coin. When btc goes on a run past all time highs you dont want to be bagholding ALTS. You will watch them get crushed. I personally was bagholding alts from 4k-20K and they got demolished I even had friends saying man you must be doing well with those bitcoins you have Cheesy

In the end alts went nuts and I did well but If I would have waited till BTC topped out I would have made more. So moral of the story there is dont marry a coin/project they and watch your btc shrink get in and get out after you make decent profits. Sure sometimes you can buy an alt an maybe 10x-100x on it bagholding, but there is 1000s of coins out there that wont make those type of gains. Anyway do whats best for you but dont be that guy married to a bag watching btc head to 50-100k or whatever the top might be

Agree, altcoin might be more profitable if we choose the right altcoin but altcoin is also more risky than Bitcoin. I think we should not be tied to a particular altcoin because altcoin prices are more volatile and maybe some can be a long-term investment but it should be given a portion of the investment that is not too much

altcoin is very dangerous when used as a long-term investment because altcoin price movements no one knows will go up or down, it's better to save a clear cryptocurrency asset like bitcoin for the long term is still very suitable, so stay alert when saving altcoin for long-term investment.

that's not true and what about those altcoins who have already placed at top 10CMC? don't they have a lot of potentials to be used as a long term investment? I wanna say if that's true for the crap coins but altcoins that have a massive partnership and the good product must be excluded.