Quote from: virasisog on October 15, 2022, 04:44:17 PM

Quote from: landheer on October 15, 2022, 06:31:23 AM

Quote from: Little Mouse on March 23, 2021, 03:44:23 PM

Never hold any altcoin for long time. It is possible that the coin will be lost forever from all the market, there will be no volume at all etc etc. Because you don’t know what's going to happen within these long time. There are a lot of examples, many coins were in huge boom in 2018 altseason but they don't exist now. Even if they exist, they have no volume.

Yes, indeed, investing in altcoins for the long term is not suitable, because the risk is very high. and I've experienced long term investment in altcoins, but in the end I suffered a very big loss. and now I give up investing in altcoins, because the risk is very high.

It depends on the potential of an altcoin. There are still lots of altcoins that are worth investing in the long run specifically those on the top 10 market cap but most of the altcoins especially the new projects are just good for short-term investment. You only have to check on their potential and always invest in well-established coins. Coins like ETH, BNB, and LTC are actually good choices because we have seen how they could reach a good value during the bearish season.

I think the days for some older projects in the top 50 are numbered. They just didn't have what it took to compete and are now obsolete tech wise or will be surpassed by projects with better tokenomics, like SPELL and MAXX. MAXX for example can be staked on the DeFi platform MAXX finance for 80%+ APY fixed and is backstopped by validator node revenue and token transaction taxes. All this is distributed fairly to stakers using a DAO. The entire platform is 200k lines of code and took one year to build, so it's not a simple fork like LTC and BCH.