Post
Topic
Board Altcoin Discussion
Re: Trend or long term projects?
by
sekalitas
on 29/02/2024, 03:54:31 UTC
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?

It depends on your actual goals. If you're a risk taker and want to potentially see quicker profits, following trends can be an option. However, for those seeking a more buy-and-hold approach for the long term (a few months to years), focusing on established altcoins with strong projects or those within the top 5 by market cap might be a better strategy. As for me, I have a higher risk tolerance and am comfortable with potential fluctuations, so I often choose to follow trends.