you can’t really define any particular amount of time when it comes to invest in altcoins.
with bitcoin it is different, it is being adopted for real, so that makes it a good investment any time you get in no matter the price. because it will be higher in a couple of months after your investment, no matter what.
with altcoins however things are very different. because first of all they have no real usage and adoption other than some traders investing and some fools falling for the hype.
and secondly altcoins are highly manipulated, specially those with a small orderbook size and those with huge premine, ICO,…
with that said the length of an investment in an altcoin can be from a couple of minutes to a month in my opinion.
and i have done all of them.
i see altcoins as a way of making more bitcoin, and because of that way of thinking i never hold any of them for long term. this means sometimes i get in right as the pump is starting and get out after i get even a small profit like even 5% and sometimes (depending on the coin that is being pumped) i wait longer up to 60%-80% profit and get out.
Published at Sat, 08 Apr 2017 14:06:43 +0000
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