Quote from: MascGreatCat on January 13, 2022, 03:40:33 PM

Quote from: tokyohd on October 19, 2021, 06:43:29 AM

We all know that long term investment in Bitcoin is reasonable but how reasonable do you think long term investment in Altcoins is?
I think long-term investment in Altcoins is full of risks but short time investment is more profitable. Do you agree with me?

Investing in alt coin means you have to be very careful. Because if you think about investing in it for a long time, you have to choose the best alt coin, because it has a wide range, and because of that if you like it. If you make a mistake, you will not get the right return. Which one you choose to invest in is also important. If you are investing in someone new then their team is their future plan. Thinking about all this, what is the concept of the project, you should invest considering this.

Especially if we look at the majority of altcoins currently circulating are copycats from previous projects. So indeed, if we are not careful in choosing
altcoins for investment, we will only waste our money. Actually, there is no problem investing in altcoins in the long term, but we have to choose
the right altcoins. Then the percentage of investment in altcoins must also be lower than investment in Bitcoin. Because after all Bitcoin is the safest
for long-term investment. If we are not sure about the choice of altcoins we have chosen, then we should avoid long-term investments in altcoins
and just focus on holding Bitcoin for long-term. And the most important thing is never to trust 100% of other people's opinions, even though that
person is very experienced in the crypto world, does not mean the prediction is 100% accurate. So in choosing projects for investment, it must be
the result of research and analysis that we do ourselves.