Post
Topic
Board Altcoin Discussion
Re: Trend or long term projects?
by
Kelward
on 31/01/2024, 15:03:51 UTC
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?

Why should choose one? why not both? I have to be honest that I don't like altcoins that are only based on trends or hype, but I also have to be honest that I have been happy because I have made x50 from investing in altcoins that move because of trends or hype.

So, I'll choose both by diversifying them, making special percentages for long-term altcoins (with good fundamentals) and also hype altcoins.

I don't like altcoins that are based on trends and hypes either, I prefer to minimize my risk and go with long term projects that have proven their reputations in the crypto market, I've always seen new projects as gamble because they might be profitable or they can diminish your investment capital, there's no guarantee on their outcome. But for investors that can withstand the risks of new projects, there's nothing stopping them from marging the two, they can take the risk and invest in trending projects and hopefully when they make profits on the short term, then they'll reinvest it in a long term top projects. Although Bitcoin and Ethereum, remains the two classics of cryptocurrency investments, in them you don't need to worry whether you're buying shitcoins.