Ninjastic
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Board Altcoin Discussion
Re: Buying old coins: Is it worth it?
by
Fivestar4everMVP
on 06/07/2021, 12:23:45 UTC
Quote from: fortunecrypto on June 15, 2021, 05:02:59 AM
Quote from: Abiky on June 11, 2021, 03:40:30 PM
I'm wondering whenever it's worth buying and holding old coins for the long term. Primecoin is one of its kind with a PoW algorithm that contributes towards the discovery of prime numbers. It's a pity other crypto projects haven't copied its model. Your input will be greatly appreciated. Thank you. Smiley

Cryptocurrency is evolving, coins come and go even the new coins that you are seeing now, have a possibility to cease, there are old coins worth investing, Bitcoin and Dogecoin is the trending coin this year and they are old coins, so we can safely say that it's still worth investing in old coins, your portfolio should consist of old and new coins, there are old coins that also evolve to keep up the present need of the community.
I totally agree with you mate, there are several old coins that are currently worth investing in, even, from my own perspective, old and still very active coins are more trust worthy to invest in than new coins, cus this ones have stood the test of time and prevailed, this show their level of legitimacy, but some of  the new coins might appear more promising but they are definitely more riskier to invest in because their foundation and strength aren't tested yet, they are more prone to fold and die if they get hit by a serious crypto winter.
But all being the same, one should always invest in new coins as well as old ones as long as they are proven legit in all aspects.