Quote from: Issa56 on December 06, 2024, 08:52:46 PM

Quote from: JamesDaniel90 on July 18, 2024, 12:05:57 PM

I feel a 10x overall would be great personally but i do have a few altcoins I plan to hold longer in the hope they can 50x or more.

The truth is that it is not advisable to hold some altcoins for long periods of time unless you have a great project like Solana, BNB, or Ethereum. Even then, I don’t think these projects will give you the 50x returns you want easily, it will surely take time, even if they eventually do 50x.

Many other altcoin projects are just pump-and-dump schemes, and success often depends on luck. When someone is lucky, they can make some reasonable profits there. In fact, many people claiming to make massive profits from altcoin projects, especially meme coins, are often part of the project teams. Once they achieve high profits, they just dump the tokens.

We have to be very careful when investing in altcoins because it is not easy to find good projects in the cryptocurrency industry nowadays. I have seen some tokens that did 100x in the last bull market, but those types of projects are rare now.