Quote from: Ziskinberg on January 10, 2025, 05:20:33 AM

Quote from: EL MOHA on January 09, 2025, 04:09:03 PM

As you said diversification is good as you actually don’t know which of these shitcoins will pump up but one thing I will say is avoid diversifying and simply just invest into high conviction coins with good utility and once you see profits then I will simply advice to just take out capital and some profits and then keep moon bag just as you have said it is most certainly not good holding Altcoins for long

Sometimes, even investing in so-called "shitcoins" can work out, as long as you spot potential for a pump. In the altcoin market, you need to stay alert as timing is everything. Get in and out fast to avoid getting caught in a dump.

If you’re considering investing in altcoins for the long term, don’t just focus on their utility. Look at the overall factors that might contribute to their success. IMO, those that are already stable are better targets for long-term investment.

That said, nothing beats Bitcoin when it comes to long-term potential - it’s still the king of the market.

This isn't true for "all" altcoins, not all of them are like that, some of them are actually decent, like for example take the biggest one in example ETH, that is a big one right? So you do not get in and out quickly there and that is why I believe that we shouldn't really be focusing on anything like that, you could buy it and hold it for long term as well.

The method of getting and out quickly is for shitcoins and if you do that then you could probably make some profit with it and that could be the way to go and I agree that we could make money only with that method, but that is not something I would suggest to anyone. This is why the best way to move forward would be just getting greater return in the end for all of this, it couldn't be really that bad at all.