Quote from: rajakulam on July 25, 2020, 05:21:37 PM

Quote from: brawdias on April 18, 2018, 12:46:08 AM

I see that people support that altcoin suits better for day trading, and not for holding. I just don't get why.

altcoin investment has no prospects for long-term investment, so many investors and cryptocurrency lovers recommend to invest in daily trading.

If a particular cryptocurrency is not suitable for long-term investment, then you can always go for short-term holding, ranging from anywhere between 1 month to 12 months. What is the need to engage in risky day trading? I am saying this because many of the altcoins are heavily manipulated and the prices can swing by +/- 30% within a few hours. Unless you have an idea about the manipulation, it is very risky to be involved with them.