Quote from: wxa7115 on Today at 03:45:14 PM

Quote from: Coyster on March 19, 2022, 05:34:48 PM

Quote from: poonam8288 on March 19, 2022, 04:07:06 AM

I am a big fan of SHIBA INU. I have kept this coin on hold for a long term investment. I keep an eye on his team and his future plans. And I want to discuss how much it will cost in the future. So give me your opinion.

Well, i am not in any way attempting to discourage you, but personally i would not hold Shina inu for the long term, i am not saying that it is impossible for it to do well in the long period, but honestly the chances do not look high, there is quite a lot of hype surrounding that project at the moment, and i just have that believe that if something kills off that hype, then the project would definitely stumble as well. Having said that, holding it for the short period and taking ROI when you get them is prolly not a bad idea, but then all of this is just my opinion formed from my observation and research, thus the onus still rests on you, if you do all the research you ought to do and you find the coin suitable for a long term investment, then that is fine.

What happens is that holding altcoins for the long term in general is simply a bad idea, I know that we often hear of holding your coins as a legitimate strategy to make money in the markets but when people talk about that they are thinking about bitcoin and only in bitcoin.

Trying to pull the same strategy with altcoins could work but the risks are so high that the profits do not justify the risk that the OP is taking, however it is their decision, I just hope they do not end up regretting holding a coin like Shiba for the long term.

Bullshit, BNB was once 1.5$ in November 2018, it's now 412$ per coin, you want more examples? In 2017 NEO was 0.17$ do your own research, I haven't seem where holding is bad in crypto space, lack of your research for good altcoins and lack of patience is why people miss huge opportunities.

ETH was 90$ in 2020
Luna was 0.13$ in 2020
TRX used to be 0.0014$ in 2018
Ethereum Classic used to be 0.70$ in 2017