With all of the hype surrounding "De-Fi" and NFTs, it looks like old coins like Peercoin, Primecoin, and Quark have been left in the dust. This is sad, considering that the aforementioned coins have a proven track record of stability and reliability. New coins are usually less secure than old ones. Despite the low interest/demand for old coins, they're still actively traded on the market.
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.
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.
Two things I caught from the results of your post?
1. When is the right time to buy.
2. Saving coins for the long term.
In my opinion, these two things are different, to see how far the right time to buy is when market conditions are not good. In such conditions we take advantage of buying some coins that we believe have good bargaining value in the future.
While storing long-term coins, people usually buy meme coins, because this kind of coin gives the best level the following year, in contrast to coins that are ranked in the top 10.
maybe you can adopt this method, if in your view this is profitable.