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.
I am more interested in trend because this is the only way to make quick profits from the market.
Trend profits making is faster than the usual way to invest in cryptocurrency and earn more. Long time investment is mostly for project that are strong and have a long term goal in the market. We can always make money from any for the two ways but how much you could make will be very different. Trend has huge profits to be made compared to long term.