The coins you mentioned here, are all promising coins with enormous potentials to rise higher to get us what we want in the future when we leave our funds on it for the long time. I see lots of potentials in their price value.
And they offer us a good entry level into the Cryptocurrency world. Their values are very low now and that is a rare opportunity for many of us to learn/walk our way into this new world of opportunities. Many lose out on Bitcoin out of fear of unknown and they are all regretting that decision now. So why not risk it all with these new opportunities at its very lowest a d wait to see what the future holds
Yeah, people are skeptical when it comes to investing on legit project. Instead they'll invest on ponzi that is sucking. I don't see any fear of the unknown that will make them not to invest at least little in this coins and wait for their investment to build up.
The Ponzi hits many real bad and that made some persons to be completely knock off of any possibility of trading or believing in the virtual world of cryptocurrencies. But with the Success story and sustainability so far by Bitcoin, many are gradually coming back to belief in virtual currencies
Yes there are coins that are meant for short term and long term but based on there liguidity the short term always comes with greater price do that the profit will be tangible enough while long term investment come with lesser price but can still yield enough profit.
Bitcoin has a high market cap at almost $60,000 which is a high amount of money to want to consider investing in although bitcoin is profitable but other coins like ethereum has processing speed which makes it profitable and is affordable.
For novice experience, I'll go for long term Cryptocurrency investment, especially on trading. That is less risky compared to short term trading. No matter that short term brings faster and huge returns if the predictions went perfect.
The cryptocurrency that is good for short term investments, are those coins that appreciate in value, with in a short period of time and add value.
Personally I think that a great coin for a short term investment is the LTC coin. While i think that if you hold it for a long period of time you will still benefit, there's much fluctuation that happens over the course of one month and if you are able to buy on the low price and sell at the high price you can make quite a bit of profit using this coin.
LTC coin can't get me the necessary amount of interest i want over short period of time. The coin doesn't skyrocket easily, it takes time to grow exponentially. BTC, BNB, XRP, UNI, TRX, DOGE are the coins on the bullish at the moment.
You wouldn't want to invest in a coin at the peak of its bullish run because your entry might not have been timed right. I agree that LTC is better for a long term investment.