Time to reinvest into Altcoins?

[kentrolla]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

[nelson4lov]

I don't know if it's a bull trap or not but it does seem like this is a pretty solid move if you ask me. I mean, the recent low was at $34K and has since left that left and it did so strongly. Everything has turned bullish now and it's only a matter of time before Altcoins just the parade. My money is on NEAR, BNB and probably LUNA leading this current run. My expectations for the next couple of weeks are perma-bullish!

[Accardo]

I don't see this move as a bultrap. On the other hand, it doesn't look like Bitcoin will hit 47k soon and such price is the only means other altcoins can hit a good price that will be profitable for traders in the market. But, I still hold my eth and bch tight because they are following the trend immediately once Bitcoin hits a good price eth does as well.

[coin-investor]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

There's a possibility that it could be another bull trap but you have nothing to worry about as long as you've invested in a worthy coin, but don't be a guy who only invests when the market is going up always remember the one who always comes out the winner is the guy who is greedy when others are in fear, I've done it and so far my portfolio is up by 2% small percentage but has a huge impact.

[Psynthax]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this?

If bitcoin has been showing you a signal for the bullish pump and why are you still feeling doubt about this? If you are also feeling worry about this and why try to say this? Why don't you keep your money into the stable tokens?

Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

So what's next? are you ready for the risk? Talking about investing in crypto but it seems like you didn't ready for this as you're feeling worry and then just keep it as your stable coin. Crypto is about dealing with the risk. No risk no gain.

But my only worry is what if it's one more bulltrap.

And then forget it and just don't re-invest. You can't even deal with the risk in the crypto. It sounds like that you didn't ready to invest in crypto or buy tokens.

[zonefloor]

When I take the past bull periods as a basis, there may be a possibility of a bull trap. So I can't say for sure. BTC's support points are also problematic. If you had bought a few tokens 2 days ago, you would have already made a good profit. But investing when btc is on the rise seems very risky to me. Because while btc is rising, altcoins are falling. When BTC drops, altcoins fall even more. That's why if I say invest, don't worry. In my opinion, the best decision is for you to make.

[yazher]

ADA and Solana have some good increases in their price nowadays where it is the best choice for investment if you want to choose altcoins. I've been saving my leisure money nowadays to join the run and waiting for the right low price to enter the market. Looks like the most proficient are those coins and also you can add Matic polygon since it is also the best choice for long time investment because the project is considered in its early stage.

[magneto]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

I've been DCAing into the major alts for a while now.

ETH, SOL, ADA, and XMR are my favourites and I think that there is significant potential in the future due to DeFi and NFTs that one of them does flip BTC. XMR is also super privacy centric which could be the next frontier of hype.

I wouldn't neglect BTC, however. While you're DCAing you should invest in a healthy mix of both BTC and alts.

[Oceat]

Well, it's your choice but I don't think it's time already though since Bitcoin has been in a decline for a month. I think you should have invested already to some altcoins already when Bitcoin price is in decline and I'm sure most of the altcoins are declining in prices too. So, the question is, why now when Bitcoin started to pump? Do you think Bitcoin is in bear already? What stopping you back then?

Bitcoin just suddenly pump anyway and there's a big possibility that it might be a bull trap so I might be cautious if I were you.

[Maslate]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

I even investing altcoins before and until today. Whether the market will turn down or just during the bullish market, I'm still going to invest without worrying that I lose someday.

I'm not going to say it was the time and I guess you know that already OP. It was you who could decide. If we have the guts to risk, why not? Investing is risky anyway but risk-takers find their way better than those who are not. It has eventually been paid off the next day just be sure that we had chosen the best one.

[bitkanu]

But my only worry is what if it's one more bulltrap.

The choice is yours. if you are feeling doubt with the movement of market and then just don't get in. It may put your money in a big risk and you can lose your money anytime. I have been buying more tokens since the bearish trend happened with bitcoin and you re thinking to re buy altcoin when it's recovering? That's why so many people are getting trapped by the pump caused by they are taking the wrong time to buy the coin again.
Why don't you buy that when the dip was coming last month? waiting for the market to recovery is not giving you a guarantee for that. You must also think again about this. If you don't worry with the market and try to use small amounts of money to re-invest in the crypto. This may make you feel comfident with the market. I know that this may become a very difficult thing for you to decide.

[bhooscream]

I don't see this move as a bultrap. On the other hand, it doesn't look like Bitcoin will hit 47k soon and such price is the only means other altcoins can hit a good price that will be profitable for traders in the market.

If you think the current price movement isn't a bulltrap but you are not sure BTC to achieve $47k, so related to the topic above, what's your idea exactly? Is it a good time to buy altcoins now or not? For me, the current situation in crypto market looks good, Bitcoin continues to increase gradually. Although it is difficult to break $42k now, it is already above $40k at least. If there will be no big decrease again, most altcoins prices may increase massively again once Bitcoin price is sideways or continues to increase. So, buying altcoins now is a good idea I think. Don't only focus on your current coins on wallets, buy more if you are confident.

[blockman]

It can really be a bull trap and not all the time that bitcoin goes up, every altcoin is going up. There are times that it won't just follow what bitcoin has made.
If it's just a few gains that it got, it is not enough to get on it. But if you think that those are good coins to buy and they'll eventually go up as well. You just have to buy it and hold it then. Those aren't bad altcoins at all and they have the potential to move up.

[pushups44]

It's hard to say if we are at the beginning of a bear market, though I think we are, because the cycles are changing as the industry matures. We are seeing a law of diminishing returns whereby solid cryptocurrencies are not rising as much as they did in previous cycles.

Still, bitcoin is the bellwhether so other cryptos will simply follow its lead. With a long-term perspective, given that we are far off of the highs, now might be a good time to consider dollar-cost averaging into some alts. Waiting patiently for confirmation of whether we are in a bull or bear market if you have already profited might also be a good idea.

[hd49728]

Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

Fear is gone but it might return. Meanwhile, it is good period for altcoins because they will rally so well after falling too much in last month. Personally, I believe that Bitcoin is still in its big bull run so that altcoins will have their altcoin season in coming months. However, the market usually does not move in ways we think it will. Therefore, in order to be safe, just in case my thinking is wrong, I won't go invest into altcoins with all of my capital.

But my only worry is what if it's one more bulltrap.

If you don't know it is a real start of a long rally and next will be higher highs for altcoins, let's assume it is just short term rally. You can enjoy short term rally which is good enough with 20% to 40% rallies from altcoins. I think if you can enjoy such profit, it will be great enough. It is much better than interest rates from bank savings.

[Dr.Osh]

Usually, when the bitcoin price goes up, the altcoin price will go up after that, and I'm pretty sure that currently popular altcoins, or those being developed are just waiting for time to rise again. although at this time we think that there is still a recovery going on, however, the price of altcoins will also follow to rise.
Personally, I would probably buy some popular altcoins like BNB if I had the money. Unfortunately, currently 80% of the money I have is in popular altcoins and the rest is for living. If you believe in what will happen next, then do it, because in every decision you will take, there is a risk, and if you don't take the risk, then you will get the benefit.

[cabron]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

When it comes to investing in cryptocurrencies, it is still very appropriate to do it right away, but when it comes to choosing what altcoin is suitable as an investment at the beginning of this month, I look more at Solana, Cardano, Matic, and also Avax, because it still looks better for everyone people and also for me personally.

Sounds very simple and easy that just buying today will make us rich in the next few months. The market usually finds a way to make it difficult for investors, it's very convenient this time. But I'm not taking chances, I'd better buy some of the altcoins you mention before it doubles its price. This will be for a long term also, I'll just add some for the tokens I'm staking.

[Woodie]

Like you said, Bitcoin in the past few days posted some gains and because altcoins ride on the success of bitcoin then we should expect some gains to happen for altcoins as well, just hoping this is not a bull trap as this is so obvious that alts price is going up and the whales could be in to put some sell orders to buy more coins.

[michellee]

When the market starts to rise or already rise like now, we are actually a bit late to invest because the price needs to calm down before it moves to somewhere, whether it will still increase or decrease and make another correction. But if your target coins that have the potential to increase is not yet increased, you can buy back and hold for a while and you still have time to invest before the price follow to increase.

As long as you can see the moment to buy and sell, you do not have to worry about the bull trap because you already buy at a low price and sell at a high price.

[bounceback]

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.
But my only worry is what if it's one more bulltrap.

Keep doing the analysis first when you want to enter the market and you should buy gradually even though currently the bitcoin price has gone up to the level of $41k and it could be that the current increase is a bull trap because if we look at the bitcoin price since the beginning of this year, the bitcoin price has experienced strong downward pressure, so I'm not too sure whether the current increase will continue until bitcoin returns to its previous high.