Post
Topic
Board Altcoin Discussion
Re: Is it worth investing in coins you believe in?
by
tabas
on 01/07/2021, 22:05:59 UTC
Absolutely, I believe if you follow a good strategic plan and do your research into projects that are consistently building and have the stability background staying power and resilience, we will be in a life changing position looking forward.
It's a life changing decision if the coins that you have invested are really the ones that have been made themselves reputable overtime and they're not just meme coins that are being hyped.
I do believe with my decision although it won't be the same as the others that became lucky and wealthy overnight, I believe in the process and trust it and my time will come and that's with bitcoin and my other few altcoins on hold.

If you are heavily invested on a specific coin or coins, one thing you need to keep up is their development updates. Because if you feel that there is nothing going on anymore with the project, better sell it while there is still value in the market. Don't wait too long because you may lose a lot and not even recover your initial investments. It is always better to invest on a project that has very solid foundation and with active developments. Because that will make them survive in the market.
Yes. You have invested in that coin because you saw the development process is good and there's a motion and happening. But if you happen to see that there's no more activeness with the progress of the project then that's a clear sign that as early as you can, you have to dump it.
There are investors too that don't depend on the development but they're only looking to the pump and dump of such coins and they're good to find it out whether a dump or pump will happen.