Yes, most altcoins are very cheap now, but many traders don't have much money to buy, but i am sure that big players will buy a lot of coins during this dip and make a lot of money when the market recovers again.
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It is a good strategy, but to avail this opportunity you have to be online when the price drops sharply. I some time buy when the price drops sharply, but many times i fail to avail this opportunity, as i am not online.
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If you are a bit smart and have faced similar situation before then you can still make some profits in the present circumstances. If you are not experienced enough then it would be better to wait and stay away.
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I believe now is the right time for investment, it is a blessings in disguise. Invest 40% of your funds, if the price dips even further then invest 30% more and in this way continue until you have invested all your funds.
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Altcoins have been gaining popularity gradually, some of the well-established altcoins are very popular now, but as the time passes others would also gain in popularity and widely get accepted all over the world in a few years time.
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Well, technologically Ethereum is better than Bitcoin, but that is not reflected on the market over the past one year, it has been going down continuously. For investors, Bitcoin is still the most popular crypto.
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At present, the market is very attractive for long-term investment, most coins price is low now. So, you have plenty of options to choose. I suggest you invest in Bitcoin, Ethereum, Neo, Cardano, Ripple and Bitcoin cash.
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Well, if it is medical emergency then you don't have much option but to sell your coins. I would recommend you first exhaust all other options before going ahead with this plan.
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Many people have been dumping tokens, as they are not confident how those coins would fare in future. As the market has been in bearish mood for some time, most tokens price dropped sharply after listing on exchanges.
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If you want to do it safely, then long-term investment would be the best. In some situation, short-term investment is also very profitable, but you have to have experience to be successful in that.
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Day trading doesn't often work, when the market is in bearish mood. You can only be successful if you buy when the price dips suddenly and sell when it rises again. So, in such situation, holding will be recommended.
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At present, you have got plenty of options to invest $500, I would recommend you play safe and choose a few well-established altcoins such as Ethereum, Neo, Cardano, Monero, and Ripple.
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Many people are saying that the bull run would happen in December, but as the market has been in downward slide, you can't tell what would happen in future.
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