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Author Topic: Are you still buying altcoins??  (Read 1499 times)
DiMarxist
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June 05, 2024, 11:10:22 PM
 #161


Most alt are struggling to cross new ATH  cause of the team the positive movement of those coin depends on  the team and the demand of it. Bitcoin is absolutely different from any other coin though there are small small risk attached but it still remain one of the best, since alt investment is not certain I will rather invest in Bitcoin cause I believe no matter the behavior it will still  appreciate cause they have a strong team and I believe they also have a great target.

As long as there is this coin, I really like it because it gives a lot of hope and the results are quite helpful and I made a good choice by adding Bitcoin and Ethereum because the opportunity to earn income is very good for the future so as therefore
altcoins which are considered to have very good performance for this year, which with buying altcoins is a promising opportunity with the current altcoin bullish market movement improving and hoping that way so on.

I have not seen any altcoin have been existing since or from last year to do well in this year and if you know anyone then you should name them. In the month of February this year, Ethereum was doing well and it was $4k and it lasted for about one week or there about and it started to decline again and since then it have not reach that price again.
And the second coin I can remember is Notcoin which was launched to the ecosystem recently and it is doing well. Those are the altcoins I know that have done well in this year. BNB is stagnant as it was. Solana is the worst and Pepe coin, dogecoin are not doing well and waiting the altcoins All Time High season to come.

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June 05, 2024, 11:19:01 PM
 #162

It seems bulls are busy with Bitcoin only. That's why Bitcoin keep breaking new All time high but most of top altcoins (except a few) Still straggling to cross even Half of their Ath price. So maybe altcoins season might come after btc halving. That's why many people still don't hesitate to collect altcoins. What is your opinion about this matter. Are you still buying anything or will think about it later after halving
Altseason coming after bitcoin halving has always been the normal procedure, and right now, we can already see that what we saw during that march when you created this thread, wasn't actually the bull run we all are looking forward to, but was just an effect of the approved bitcoin spot Etf.

Personally, I am expecting the bull run to start by the ending of October this year, by then, both bitcoin and Altcoins should begin to move up in a gradual process.
So, yeah, I have high hopes in altcoins this season and I am still buying the good and promising ones.

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June 06, 2024, 01:27:02 AM
 #163

I was considering to diversify my personal long term portfolio by buying some Ether today, but I don't think it is the right time to buy, it is just my gut telling me I should focus and save a little bit of Fiat, instead buying alternative currencies right now.
Though, I won't lie, there are some coins and projects which are very interesting in my eyes, specially because how fast and scalable they are when compared to the classical alternative currencies like Dogecoin, Ethereum or even Litecoin (which was supposed to be an early solution to the problem Bitcoin had with scalate and offer faster and cheaper transmission of value.
when the signals of the Bitcoin uptrend to be near his local end, when I would likely put some bucks on Ethereum and Solana and see how it goes.
I am not in a rush, I am not a trader seeking for a quick buck, so I have got more time to plan my moves. At least that is how I operate.


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June 06, 2024, 02:41:48 PM
 #164



Personally, I am expecting the bull run to start by the ending of October this year, by then, both bitcoin and Altcoins should begin to move up in a gradual process.
So, yeah, I have high hopes in altcoins this season and I am still buying the good and promising ones.

I agree with you.I also think that the bullrun season will occur in late 2024 to 2025. It is still in the early stages and some coins are still worth buying like layer-1. Yesterday BNB touched their latest ATH and this proves that layer-1 projects have very good potential in this bullrun season. Some of the layer-1s that are in my monitoring are BNB, SUI and TON.

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Sayeds56
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June 06, 2024, 03:54:00 PM
 #165

It seems bulls are busy with Bitcoin only. That's why Bitcoin keep breaking new All time high but most of top altcoins (except a few) Still straggling to cross even Half of their Ath price. So maybe altcoins season might come after btc halving. That's why many people still don't hesitate to collect altcoins. What is your opinion about this matter. Are you still buying anything or will think about it later after halving

The dynamics of the other cryptocurrencies are indeed influenced by Bitcoin's performance, particularly major event like halving and approvals of Bitcoin's spot approval which has significantly attracted substantial investment in Bitcoin. Bitcoin dominance Index is the indicator of investing flowing in Bitcoin and when this index starts to slide down, it potentially triggers price of all major cryptocurrencies. I believe current rally in Bitcoin will eventually result in increase in altcoins prices. DYOR









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June 06, 2024, 04:08:42 PM
 #166

Not buying any altcoins at the moment,the price of Bitcoin and most altcoins are very high right now don't think it will be a good entry point. It will be better to wait and buy at the low when the prices are very low so that one can make a lot of profits during the next bullish move.

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June 06, 2024, 07:15:15 PM
 #167

It seems bulls are busy with Bitcoin only. That's why Bitcoin keep breaking new All time high but most of top altcoins (except a few) Still straggling to cross even Half of their Ath price. So maybe altcoins season might come after btc halving. That's why many people still don't hesitate to collect altcoins. What is your opinion about this matter. Are you still buying anything or will think about it later after halving

Yes, I will still buy altcoins because currently Bitcoin is still showing a fairly good upward trend so there is a big opportunity for altcoins to increase in the future. So I think now is the right time to create a portfolio for altcoins that have the potential to increase in the next altcoin season. because currently there are still many altcoins that have not been able to increase from the crypto market.

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June 06, 2024, 10:24:32 PM
 #168

Not buying any altcoins at the moment,the price of Bitcoin and most altcoins are very high right now don't think it will be a good entry point. It will be better to wait and buy at the low when the prices are very low so that one can make a lot of profits during the next bullish move.

You're right buying when the price is very high can be very risky more especially altcoins, because you don't know if it still have the potential to increase. most of the altcoins after buying in a higher price you will beginning to experience some dip in their price that is why is very good to buy when the price is low, so that you can be able to make a lot of profit, because if you buy when the price is very high definitely you won't make enough profit.

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