Time to reinvest into Altcoins?

[Hypnosis00]

I don't think we need to be afraid, if you have enough analytical knowledge, such as important indicators, the bull trap is not a problem, you can still earn at least 10% more in conditions like this. Several channels confirmed that bitcoin broke through resistance one. But it is not certain that the bear market is over.

I don't care if that is a trap coz I believe that investing in the right altcoins is meant to have a good ending story. In fact, we did this in the past years and we become profitable that is why we have no reason to neglect this opportunity, we'd rather take it the same thing we did before.

To see the market trend right now, we could see such a brighter look in the market days from today. Might not be a perfect time to restart but at least we decided to take the risk again.

[Finestream]

I don't think we need to be afraid, if you have enough analytical knowledge, such as important indicators, the bull trap is not a problem, you can still earn at least 10% more in conditions like this. Several channels confirmed that bitcoin broke through resistance one. But it is not certain that the bear market is over.

I don't care if that is a trap coz I believe that investing in the right altcoins is meant to have a good ending story. In fact, we did this in the past years and we become profitable that is why we have no reason to neglect this opportunity, we'd rather take it the same thing we did before.

To see the market trend right now, we could see such a brighter look in the market days from today. Might not be a perfect time to restart but at least we decided to take the risk again.

If there's a bull trap waiting ahead, i guess no one can avoid from it. There are still chances that it will happen again but we can't be in losses that time because we are buying now for long term hodling. And the fact that we are buying the most popular altcoins and the established ones, then even if their prices suddenly fall, they will always recuperate again. Altcoins are like bitcoin, we need to be brave enough to invest in it because it is only from taking the risk where we can attain huge profits unexpectedly.

[QueenVera]

No doubt to reinvest because the market looks promising in February, I hope the bad trend from December and January does not happen again so we can get a big profit. And now everything starts to look real because the market continues to grow and today has risen more than 8%.

The market is changing, February is always know to be a bullish months but this month started with a bear signal although things are beginning to get into shape as we have seen some signals of a bullish Market upfront. What we should be worried about is the next month coming. In the past it has been the worst months as many has lost so much in this time due to market correction. Taking profit as the next bullish market comes is the safest option and wait for the market to correct before rebuying.

[iv4n]

The headline is pretty confusing for me, what does "reinvesting into alts" exactly mean here?! You sold and now you are thinking to buy again? If that is the case, you know where you made your profits and you should try the same again with the coins that were most profitable!
I mean, everyone should have some goals, what do you wish to have more, dollars or crypto? What are you stashing on a side?! There are too many factors we should look when it comes to trading and investing, so it's hard to give any specific answers! I have had some alts on hold for a long time, of course, last year I sold many of them, I bought some new ones, it's crypto and I am trying my luck with the things I know, I guess we are all doing something similar!

[Vaculin]

No doubt to reinvest because the market looks promising in February, I hope the bad trend from December and January does not happen again so we can get a big profit. And now everything starts to look real because the market continues to grow and today has risen more than 8%.

The market is changing, February is always know to be a bullish months but this month started with a bear signal although things are beginning to get into shape as we have seen some signals of a bullish Market upfront. What we should be worried about is the next month coming. In the past it has been the worst months as many has lost so much in this time due to market correction. Taking profit as the next bullish market comes is the safest option and wait for the market to correct before rebuying.

I think we are not yet over with this bearish season as the recovery of the market has just started so it has bigger chances that the market cannot sustain it and we will experience another correction again. And once there is correction, it will open doors for good opportunities to start investing. However, i also don't see wrong moves investing in altcoins right now as long as we are buying those coins with great potentials. The market is very dynamic and we all know that, but having those good altcoins in our portfolio is a good proof that we should not be worry about when the market starts to become a roller coaster again. 

[Natalim]

The headline is pretty confusing for me, what does "reinvesting into alts" exactly mean here?! You sold and now you are thinking to buy again? If that is the case, you know where you made your profits and you should try the same again with the coins that were most profitable!
I mean, everyone should have some goals, what do you wish to have more, dollars or crypto? What are you stashing on a side?! There are too many factors we should look when it comes to trading and investing, so it's hard to give any specific answers! I have had some alts on hold for a long time, of course, last year I sold many of them, I bought some new ones, it's crypto and I am trying my luck with the things I know, I guess we are all doing something similar!

Indeed, we do buy and sell. That is a genuine strategy we used in many years and to question the right to invest in Altcoins? Well, I'm not sure how OP forgets to buy in DIP and sell HIGH. That probably he is doubts now after all and he thinks for a trap regardless of how many corrections and pumps have been happening before. When in fact, if that will be a trap, then we all have to fall into it, I mean those who invest now. But surely it was not, it was just a trap for those who miss this...

[Sled]

Bitcoin has made good progress in last two days,

And it keeps going until now which means that we are leading to full market recovery. And investing is the best thing to do while the market is still on the move or else, we make lose of the chance as the bull market went close to it.

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

You need to divert your mind. Not all the pumps/recovery is a trap. I don't know where you get that idea. For how many years we've been doing this, not even a single trap I'd experience as dumps is always inevitable, we can't take it away but never think it was a trap.

[Rengga Jati]

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

This may be still happening.
We cannot predict exactly how the market is going to be in the future, next some hours later.
The current market condition really show a very good increase, moreover with the consistence of Bitcoin above $42k, it is good enough. Altcoins are following the path of Bitcoin, increasing some percentage even most of them still don't reach the previous rate before crashing.
However, this is still the beginning of the month. We need to wait and see also the further condition of the market. However, if we are willing to start investing again, I will refer to picking Bitcoin at first.
If we are going to reinvest in altcoins, never all-in, just buying based on average step by step is wise enough. Not all altcoins are worthy to buy, so, just be smart to pick the right one that has higher probability to increase again.

[HyunBin]

I guess you have a right decision of reinvesting now into altcoins knowing that within the current market cycle we haven't seen any massive altcoin season so which I have a strong feeling that it will occur within this year.

[koang]

The market has two ways, the way we follow should be our choice, and don't be greedy because it will make us unable to see objectively.
The future value will always be a question mark...

You are on the right track but lest you get derailed by shitcoins.

[MarjorieZimmermanGinger]

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.

The bitcoin trend is almost back on a good track, although not as maximal as the previous price, this trend will influence other popular altcoins to continue to increase their selling prices, including Ethereum, BNB, Solana and ADA, But I still doubt ICP will be able to be influenced by the trend, because before the correction ICP was not very stable in sales, but I think anything can happen in the future, as long as the correction recovers completely.

[justdimin]

If there's a bull trap waiting ahead, i guess no one can avoid from it. There are still chances that it will happen again but we can't be in losses that time because we are buying now for long term hodling. And the fact that we are buying the most popular altcoins and the established ones, then even if their prices suddenly fall, they will always recuperate again. Altcoins are like bitcoin, we need to be brave enough to invest in it because it is only from taking the risk where we can attain huge profits unexpectedly.

I do not think that there is a bull trap anywhere soon. People are actually buying it, people think that bull trap is made by "someone" but the reality is that if we do not sell, if we all stay strong and wait, then even if some teams or the wealthy try to drop the price then they will fail, even if it starts to go down then we would buy and keep it strong. What happens is that people give up and they sell with the people who want to drop it just because they are afraid.

If we do not give that type of vibe then those people would be scared to test us and right now we are at that level, nobody would love to test the market when it is at its strongest.

[Balmain]

Cryptocurrencies, especially altcoins, have been on a downtrend for the past three months. We've all seen that a small rise has started since the beginning of February, how long it will last, I can't say for sure what level we will rise to, but the market seems to be getting more and more positive. If you have cash here, you can enter altcoins piece by piece and take your profit and exit. When I look at it on a weekly basis, most altcoins have increased by 20% to 30%, these are really good profit rates.

[ivankoh]

Altcoins had some rallies as bitcoin broke the 40k threshold. It's a better light. But I guess Altcoins won't have much of a chance to break the trend if bitcoin doesn't reach the ideal level. I expect bitcoin to test the 50k zone and that sentiment converts opportunities for low and mid-market cap altcoins. Of course, when bitcoin is at 43k, it sounds good to buy a slow dip into some well-trending altcoins.

[Wewe Gombel]

Don't hesitate to reinvest again, the market shows a positive sign so that it makes me believe that a bull run will happen soon, although today there is a correction of around 3% but I believe the price of bitcoin next week can pass $50k so I will continue to buy altcoins and can get big profits .

[asyakashi]

Don't be too hasty in concluding that we are entering a bull market, so far bitcoin has gone up followed by other altcoins, but it can't be used as a reference if all of them will go up. I suspect this is a bull trap.

[Dr.Osh]

Don't be too hasty in concluding that we are entering a bull market, so far bitcoin has gone up followed by other altcoins, but it can't be used as a reference if all of them will go up. I suspect this is a bull trap.

well, a lot of people think like that. however, if you think like that, then this is an opportunity for you to sell some of your assets. because if this is a bull trap, then the price will go down in the near future.
however, I'm still pretty sure that the recovery is happening bit by bit. After all, if some time ago you had bought some popular altcoins, then by now you can already earn quite a bit. Therefore, people always say that if you want to buy something, it will be the right time when you want to buy it. well, if in a few days or weeks the price goes up, then now would be a good time to buy altcoins.

[Pelana vreo]

No one knows how long the Bullrun will be and if it's a bulltrap, because I invested in a new altcoin that I think has a chance to be in the top 100 list, a new altcoin with good fundamentals is currently still on the 500 cmc list, ADA and ICP are both coins with volume good trade on Cex exchange, we need to look for some new altcoins with new ideas like Beyond protocol and Amepay which have real products and will be mainnet soon, because I think every altcoin that has real products will go up in price because there will be a lot of developers using them their blockchain.

[JohnBitCo]

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.

Five days have past by since you made this post and bitcoin is making new highs every day. This means that it was not a bull trap and if you had invested in altcoin at that time, you could have made good profits in current dates. However, i understand, it was a risky decision at that time but i will recommend you to buy 25% of the altcoins at the current prices, then dollar cost average if they move down. In case, the upward rally starts, you will not feel to be missing out.

[koang]

No one knows how long the Bullrun will be and if it's a bulltrap, because I invested in a new altcoin that I think has a chance to be in the top 100 list, a new altcoin with good fundamentals is currently still on the 500 cmc list, ADA and ICP are both coins with volume good trade on Cex exchange, we need to look for some new altcoins with new ideas like Beyond protocol and Amepay which have real products and will be mainnet soon, because I think every altcoin that has real products will go up in price because there will be a lot of developers using them their blockchain.

ADA and ICP are a good investment
Beyond Protocol (BP): Project looked promising but early investors dumped the token causing the price to drop to -99.7% of ATH.
Amepay: Neg Trust, and The team likely doesn't care about the accusation or tag since they already raised enough money.
Carefully with this project, you can lose your money!