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What advantage will It be to keep alot of coins that one day it will be worth

  • Thread starter Thread starter Didosky
  • Start date Start date
Heatman said:
Seriously, as far as I'm concerned when it comes to investing in cryptocurrency, if you go and invest your money into hopeless coins, you can just go and rest because it's the end.
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Yeah there are so many worthless coin and investing in them would only lead to more loss for the person and not profit ,so you are right we need to be more careful when investing in coins
 
Seriously all those less cryptocurrency that are flooding online is becoming a very big challenge to the good cryptocurrency that are already there in the market which makes things to be confusing for people.
 
Josemendez said:
You said it right. Most times people invest in coins that have no use case and they end up losing money from it and complaining that cryptocurrency is not profitable
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Yeah either they are newbies who think any crypto would be good to invest , or some people get wrong info about the particular coin they are going to invest , it's use case. One should carefully research properly before investing in any new coins which may have potential.
 
Aaron625 said:
Yeah either they are newbies who think any crypto would be good to invest , or some people get wrong info about the particular coin they are going to invest , it's use case. One should carefully research properly before investing in any new coins which may have potential.
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Use case is what is deriving the Crypto world today. Investors are more interested in coins that they won't just be holdl and wait for a bull to benefit from it through it's use cases.
 
As far as I'm concerned, there are so many coins that are totally worthless when it comes to cryptocurrency and they are not worth investing even a dollar.
 
Everything in this life is a risk and i would say its a risk worth taking if i had the cash to invest in such manner i sure will take the risk and gamble on certain coins but aside coins that have prospect there are coint tht still look like they will not make it in life but not is ever cast on stone.
 
Didosky said:
These day I can't seems to figure out which coin will rise.. how can I identify a coin that will be much more profitable in the next run?
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in my own point of view , if one is financially dependent, I believe in holding a lot of coin even for a year and later selling it when it begin to appreciate, holding coin is preferable.
 
Hena101 said:
This is very difficult to predict which coin will rise so that you can invest but i think it will be good to invest in popular coins like bitcoin and ethereum.
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It is a good thing to do have coins in our portfolio. And then that coin is rising in price. It's just like Bitcoin. Bitcoin in 2009 started as nothing but today it's now forty nine thousand dollars.
 
Victorial said:
I used to know a friend who listens to crypto news during the weekend. On Mondays, he knows the kind of coin to place a trade on. Just recently, he won almost 100$ trading a coin. He said he knew the coin would pump and it did.
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That's very good then you need to leverage on his knowledge of the market and take trade he took if he cab agree so that you can make profit too.
 
As far as I'm concerned when it comes to cryptocurrencies you should try as much as you can and to invest in coins that will definitely be able to appreciate in the future and not coins that are marked for Death.
 
If you don't know which coin will go up, you should do research on coin prices, increase/decrease in sales, analysis or price predictions, although not exactly like mathematical calculations, but at least it will be close to the real price,
 
I don't think it's good to invest in lots of coins. Be specific or at least invest in a few. I have a friend who has one million naira worth of coins in his wallet. Funny thing is that he didn't buy and keep this coin. He traded currency pairs to achieve this in USDT. He is an expert in trading.
 
If you have a good skill of picking very good potential coins that can moon in the future then it is definitely a good thing to do but it is going to be difficult to manage.
 
Kingstone said:
I don't think it's good to invest in lots of coins. Be specific or at least invest in a few. I have a friend who has one million naira worth of coins in his wallet. Funny thing is that he didn't buy and keep this coin. He traded currency pairs to achieve this in USDT. He is an expert in trading.
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That's great, trading is actually very good and lucrative if one understands the concept and the market very well. I will be glad if you can link me to him, I love knowledge sharing when it comes to trading, I am also trading too.
 
The simple rule of thumb for the you to understand how this can be more likely possible is to see that you but your coins when the market is going very dip down and sell when the market is up or pumping for profits
 
Looking at those that profited from the bitcoin rise, am sure it looked pretty advantageous to them, not a financial adviser but keep your eyes open for one or two coins with potential go into analysis crypto news here what's on ground and invest, know it's for the long run.
 
There are a lot of fluctuations in the crypto markets that would make investing in some coins quite profitable but to play it safe, I would stick with the popular altcoins.
 
Of course, saving a lot of coins in large amounts will be very profitable because in the future crypto prices will continue to rise. If you are in doubt and don't know which coin will go up and you should buy it as a long term investment, you should choose the top 15 crypto on Coinmarketcap but you should not choose a stable coin
 
Seriously this is a very huge risk for someone to come with because if you invest a decent amount of money in those worthless coins and they ended up not becoming valuable in the future, you have lost your money.
 
If you have the right amount of funds at the moment to be able to pull up something like that then I think it is going to be a very good idea and especially if you are going to be patient.
 
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