I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?
I think investing in cryptocurrency as a whole is a risk. So, even if it is risky to invest in altcoins now if it turns out cool, then the returns would be really high. You know when the price of Bitcoin increases so does the price of other cryptocurrency. And even afterwards comes the altcoin Eason which is like a blast of altcoins, but at the same time, I'd never advise someone to hold altcoins for a long time. Of course, unless it's Ethereum. I'd only say trading altcoin is the best, just as hodling Bitcoin is the best.
So, even if the prices are more unstable than Bitcoin, it's not risky to invest in it. But be sure to watch the market very closely so you don't lose you're investments.