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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
This can be a wise move as you don't know the coins that is likely to rise in the nearest future. But you need to invest the amount you are willing to forgo so that you will not get affected in the process.
 
A practical example, I got paid with some coins instead of money so I just toughened up and just left it in the wallet and surprisingly it increased almost 30℅ after a month
 
In most cases it doesn't really end up well for people who keep such worthless coin hoping that it will appreciate in the future which is why and I'm more prone to invest in a stable coins.
 
That's why it is called making investments. You just need to keep coins that atleast prove to have a promising future, that is, the developers are actually determined to get the value of the coin into something greater in the near future
 
As long as you are keeping useless cryptocurrency it's definitely not going to appreciate in the future which makes the Investment in those coin to be a poor investment as you will lose your money.
 
I don't think that even the experts can give accurate predictions of the coins that will rise or not as we have seen some of their predictions failed. I think all is a guess work. Coins are so volatile that it is very hard to predict. It is just my opinion. Thanks for sharing.
 
When you diversify your crypto investment, you will earn profits from at lest one of your crypto assets even when rest of the assets start going down. For example, if you have invested in Bitcoin Ethereum , Dash, Bitcoin Cash, ADA and if 4 coins lose value, it is very likely that one of them will still give you profit.
 
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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One of the ways which you can actually maximise your gains in the investment you are making in the crypro world,is to do your research very well before buying any of these new coin.it will go a long way to help in your investment.
 
I believe in keeping many worthless coin like I always do and I know one day the worthless coin will come to be like bitcoin and also be valuable, and that can happen if you can wait.
 
I prefer reading the charts daily and knowing it's technicality. I can't just throw coins into a Lion's den. Although there's no rule for the game it's sheer luck sometimes. Different strokes for different folks!
 
Just so that you don't waste your time on thinking of which coin to invest in for a very long time, I will surgest you look into investing in coins like Bitcoin. You will get more advantage in it over a long period of time the more
 
Nomad said:
No one can be so sure about the price of crypto currencies, if people could predict the price everyone who has invested in crypto currencies would be rich. However, you can minimize the market risk by investing on top coins like bitcoin, ethereum etc.
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That is definitelly the reason why the cryptocurency market is very interesting,its because of its volatile nature.Most persons would want to settle for the a known coin that is doing very welllike the bitcoin.
 
Well if you have the capital, you can invest in a lot of coins but I would advise that you make a research and see which coin has prospect,buy and hodl
 
It is wise to save in such coins , it is a long term investment and you can acquire so much quantity with little amount and if the coin someday become something then you could be counting millions of dollars
 
What if it depreciates just about when you are ready to transact it. I don't think it's a nice idea stocking it up.
 
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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I do not think it is possible to make such predictions... You might get it wrong.
Whatever coin you want to buy, just be hopeful the value comes out good.
 
That is called investment but the truth is that there isn't a hundred percent probability that you d make profits in the long run because some coins do fail people or rather say their investors. You just have to select which that has a more promising future to invest in
 
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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You may be a novice in cryptocurrency, you should look for a coin with good online communities, sure as tron... I have said it earlier that it is not the best to invest in a coin that has so much circulatory supply.. because you may be disappointed when it doesn't reach a reasonable price.
 
There are, alot of advantage associated with keeping a coin waiting for over a long period of time to worth its value. this is because at the time of which the coin are gotten may be of less or lower value but with time it will worth more than it previous value.
 
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