Quote from: Fredomago on December 13, 2023, 09:50:54 PM

Quote from: Out of mind on December 13, 2023, 03:01:22 PM

Quote from: JamesDaniel90 on May 25, 2023, 02:59:27 PM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

Basically, investing in altcoins for bull markets and holding is very risky. Because most of the time we have seen altcoins are scams due to which people are afraid to invest in these coins. But I think there are some good coins that have high volume and potential to go well in the future that can definitely be profitable to invest in. And if all those coins can be held for a long time, then of course it is possible to get a lot of money, but you have to wait until the bull market.

Yes, very risky as we don't know what the market could be in the next few months or years of holding, there are many factors that may affect your investment, including your own knowledge about the project. If you do believe that it will rise and succeed, then it's a good call to hold, always have that time to research and carefully assess whether the project is good for long term investment or if the project is just for short term like meme which most of the time being played by pumpers and whales.