Quote from: kotajikikox on Today at 02:24:42 PM

Quote from: Victorybit1 on Today at 06:43:37 AM

Altcoins should be for people who are trading, be it a swing trade or whatever they prefer

Altcoins are known to usually be preferred by those who want quick profits. They are not very known for long term holding because they usually end up dumping after only a few months and they never get another ath. Only very few altcoins remain relevant today like ethereum. But it is also not reaching new aths from what I know.

Those who invested in ETH in 2015 when ETH was under $1, or those who invested in XRP at under $0.005, or those who bought BNB or Sol at under $0.1...Although their profits are not as large as those of early bitcoin investors, they can still make millions, even billions of dollars. And in previous bull cycles, most have delivered enviable returns. So is it correct to say that altcoins are not worth investing in long term?

In the current cycle, although ETH and many altcoins are underperforming bitcoin, the cycle is not over yet, so it is still too early to confirm anything. ETH has yet to break ATH but is already at least 3x higher than its lowest since the 2022 bear season. Meanwhile, if I remember correctly, Solana also went from $8 to $290 in 2024 before dropping back to $200 where it is now.
If we are fair and unbiased, is investing in altcoins as bad as many people say?

This cycle is not over yet and I wouldn't be surprised if the rest of the ETH cycle outperforms bitcoin and altcoin season comes. At that point, not only will they break ATHs, but the prices of many altcoins could increase x10, x20, or even x100.

We are in the financial market and we should seize the opportunity if there is one, we should not be stubborn and conservative to miss out on great opportunities.