Well, you are right. Ethereum and Solana are good altcoins. You can definitely hold them for a long time. They are relatively well established coins. But many other altcoins are not safe for holding long term. So, if you are planning to buy and hold new altcoins then you have to research well about the projects.

I have got Bitcoin, Ethereum and a few other coins. But so far bitcoin and ethereum have shown good results, other coins are still struggling. I am holding them for some time and hope that when the next bull run begins they would definitely pump. However we must not expect shit coins to pump as most of these coins would not be valuable in the long run.

It is definitely not at all safe to invest in new cryptocurrencies. If you are to invest in new projects then research properly before making any investment. But we have to keep in mind, no risk no gain. So invest as much you can afford to lose. Diversity you investment, don't put all your eggs in one basket.

Nowadays, technology is not just important but essential for investment decisions in today’s digital age. It enhances the ability to make informed decisions, manage risks, and ultimately, strive for better financial outcomes.

Investing in cryptocurrency can be exciting, but it’s important to do so safely to protect your investment.

Before investing, understand what cryptocurrency is and how it works. Familiarize yourself with blockchain technology and the specific currencies you’re interested in.

Don’t invest more than you can afford to lose. Cryptocurrencies can be volatile, so it’s wise to start with a small investment and gradually increase it as you gain more experience.

Use secure wallets to store your cryptocurrencies and enable all available security features, such as two-factor authentication.

Just like with traditional investing, don’t put all your eggs in one basket. Diversify your crypto portfolio to spread the risk.

Cryptocurrencies are known for their high volatility, which can lead to significant price swings.

Futures often involve leverage, which means borrowing funds to increase potential returns. While this can amplify gains, it can also magnify losses, sometimes exceeding the initial investment.

The mechanisms of futures trading can be complex and confusing, especially for inexperienced traders.

Professional crypto traders can and do lose money. Trading in cryptocurrencies, like any form of trading, involves risk, and even the most experienced traders can face losses. However, professional traders typically have strategies in place to manage risk and are often able to offset losses with gains over the long term1. It’s important to note that a significant number of traders, not just in crypto but in all financial markets, end up losing money. This can be due to a variety of reasons, such as lack of experience, poor risk management, emotional decision-making, and not maintaining a balanced portfolio.