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?
Dear, I think We should go for long-term investment only in good projects like those projects that have strong use cases and the team is working actively on the ecosystem and collaborating with other good projects i think these kinds of projects return us good projects.
Well, honestly Investing in altcoin is the risky part or we should invest in it being so picky I have only a few altcoins in my portfolio the dominating investment in my portfolio is bitcoin I only invest some amount in altcoins.
This is definitely the best way to invest and I have been doing this for a long time. Too many people invest into silly projects and end up expecting it to make a good profit, but the reality is that we are not going to get that type of return that easily.
Most of the time, we should be considering it not doing all that well, and that is why it is going to end up with a lot of trouble. I know that it is going to have some troubles here and there, which should be a bit of a problem eventually, but that should be fine in the end if you pick something solid. Bitcoin may not be an altcoin but it is a great example of what a solid project is, because it is doing as well as people could hope for and you should invest into stuff like that.