I want to invest 500$ on altcoin but I really confused on which coin I can invest and my investment will be long term. Please experts help me to choose altcoin to invest.
While the red market advise you to buy BTC, because this coin will bring you a good profit when the market recovers.
BTC with never go that high again. It was so high because of the hype around it. Alts are dangerous, in a way that they are really hard to predict. If you cant monitor it, Dont hold it.
I also think that the price will be below $ 20,000 this year. And do not sell coins or you will lose profits.
Yes of course, any project that does not have a product that will give the token a use case is of no value. Most times its the product that determines who partners with the project. And a good partnership gives the project a boost.
You're right. In most cases, if the company does not have a product, then the coin price is then very low in the market.
Brand new to the cryptocurrency market. Currently I hold a decent amount of LTC. It's value has gone up nicely since I purchased it. I've read all the predictions for LTC in 2018 and 2019. It sounds promising as a long term hold...which is what I'm more comfortable doing...to reach $200 -$300 a coin. I like the fact that there is a team in place trying hard to ensure it's future. Charlie Lee may not be the most charismatic spokesman publicly but he's out there doing it which gives me confidence in his product. Now, it's obvious that ETH is not going anywhere. My question for the board is which outperforms the other in the next 5 years? I tend to invest heavily in the direction that has the bigger upside. Perhaps I should split my investing 50/50 regarding ETH and LTC? What say the more experienced cryptocurrency gurus?
I have nothing against BTC. I don't see it going anywhere. It is the giant. However, I feel the current price point is too high for my liking.
Thanks
Most likely ETH will be a more profitable coin than LTC. But you can divide the investment between coins and not take chances.