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Author Topic: Is this Right Time to buy Some ALT coins?  (Read 2717 times)
Ayiranorea
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August 31, 2020, 03:06:51 AM
 #221

More news keeps rolling out relative to bitcoin and altcoins.The major news that striked me is the suggestion/advice from the economists stating to buy bitcoin before the banking crisis begins. This indirectly states that the banking crisis is very near. Apart from this, ethereum is predicted to fall upto 50% within the next 12 months.

The entire market is combined by the bitcoin and the ethereum, followed is the rest of the altcoins that move relative to the bitcoin and ethereum variation. Considering all these people get panic whether to go for long term investing or just go with short term revenue. From my learning it is good to invest on legitimate DEFI projects and try earning at the short and further invest the revenue on other leading altcoins.

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AbNewton
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August 31, 2020, 10:37:33 AM
 #222

everytime is the right time,but only if you invested in Bitcoin first before other currency.

altcoins are too many to choose but if you will stick in the top 5-10 then the safer your investment will be.try not to sneak for shitcoins because trust me the chance of profit is too little than to expect.
There are always some altcoins, which are profitable for investing in. But that is the question to find the best, as you above mentioned top altcoins are the best choice for making a profit in the future. But l think it can take a bit of time, l mean if you are a long term investor, you should prefer top altcoins, on the other hand, it is not a great idea.
Any long term investor will buy top altcoin as much as they can when it in a downtrend. But not every altcoin at the top is a good investment since there the one like YFI which only got to near the top thanks to the pump. Right time to buy some altcoins? Yes but spend your time on research which is the best altcoin that will have strongest price recovery to put your money in.
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October 28, 2020, 11:59:01 PM
 #223

a lot of newbies make the most upsetting errors is the acquisition of coins when their fundamental development has happened. I lost cash on this more than once.
As you stated, numerous coins have just ascended in price, which implies a characteristic downturn is normal after development. Numerous individuals feel that if a resource has filled in esteem, it implies it will keep on developing, however this seldom occurs

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October 28, 2020, 11:59:55 PM
 #224

a lot of newbies make the most upsetting errors is the acquisition of coins when their fundamental development has happened. I lost cash on this more than once.
As you stated, numerous coins have just ascended in price, which implies a characteristic downturn is normal after development. Numerous individuals feel that if a resource has filled in esteem, it implies it will keep on developing, however this seldom occurs
Newbies are inexperienced in these subjects, so it is normal to lose the balance in the first week. The development promises are not there for increasing the capital of newbie investors, teams do these promos for attracting more investors. ICO craziness and IEO fiascos are the previous examples of this scam loop, the team members become reach due to using the greediness of new investors. The selection process of new projects has done by professional traders or investors, otherwise, this view became actual, unfortunately.

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jcarlo
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October 29, 2020, 02:45:19 AM
 #225

In my opinion, the DeFi trend has started to look down and some people say that the current trend is NFT tokens. But I think it's better to invest in coins that are well established and in the top 100 coinmarketcap because they already have large liquidity and are also able to withstand various trends or price drops.
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