Quote from: soramon on December 08, 2023, 08:22:37 PM

Quote from: Gladitorcomeback on December 08, 2023, 06:03:58 PM

Crypto is mostly unexpected and we don't know which token will give us high profit. sometimes we expect a big pump in the token and we believe that this project has a lot of potential but this token performance remains low throughout bull and bear season just like DOT and Cardano while some coins we often called them scam and spam pumped hard like ORDI, Pepe, Floki. It's all about trend when trend end then no one want to buy these coins.

What is your suggestions about profit from altcoins. Should we rely on only buying long term projects or we should invest according to trend despite of looking that trends coin will have no value in future?

I don't follow coins that are trending because they are not suitable for the long term, but it's like gambling, it's better for me to buy long term coins even though my portfolio doesn't increase that significantly compared to coins that are trending, it can increase up to 1000x but it can also make our money disappear. Just invest in coins that are long term and have a good future because we also invest with the expectation that sometimes investments do not make a profit or loss but also maintain our own wealth. Do you agree with my opinion?

I quite agree with your opinion because with long term investments you're sure that when their bull run comes, you'll make enough profit that'll be worth the waiting. Personally I like to minimize my risk, that is why I like to go for crypto coins that I'm sure that they'll not fade like some hyped coins, it's better for me to invest in Bitcoin and top altcoins, than trend tokens. Buying new altcoins are like staking money in casino games, you'll accept whatever outcome, whether win or lose, whereas in Bitcoin and top altcoins, it's a sure that you'll gain in the long run.