Post
Topic
Board Altcoin Discussion
Re: Understanding cryptocurrencies and investment.
by
Tahid12
on 17/08/2023, 21:54:16 UTC
Crypto is a digital currency that comprises different coins. It's important that we understand how this coin works and which to invest in. How do we identify the best coin and the period to invest in these types of coins?

yes and in my opinion the best project in cryptocurrency to be used as a short term or long term investment is blockchain, because blockchain is the most important project in cryptocurrency, therefore I always invest in blockchain to be used as a long term investment, such as ETH, BNB and MATIC, because I believe the price will definitely continue to increase and now is the right time to invest in ETH, BNB and MATIC (the price is being corrected).

Hey bro, Blockchain is the technology or the network. Whereas what you mean by ETH coins, BNB, MATIC etc. are Altcoins which of course will be more risky due to high fluctuations influenced by Bitcoin. A good investment for the long term is Bitcoin, Altcoin is an optional choice. You say Blockchain means there are multiple networks or chains which will be different like ETH with Ethereum network, BNB with Binance network and Matic with Polygon network.
Don't put too much trust in Altcoins which are still quite vulnerable to going down because of the state of Bitcoin and prices will not always increase.