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Author Topic: Is it good time for alts  (Read 3834 times)
uneng
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June 01, 2022, 09:18:01 PM
 #21

It's a good moment to invest in cryptocurrency, but only if you are a patient person who will be able to wait and hold your investments up to few years, since we don't how long the bear market is still going to last and if the prices are going to crash a little more yet.

News aren't positive for crypto universe these days. I've just seen reports of crypto exchanges firing employees in order to reduce internal costs. That is a clear sign investors are in another markets for now, so crypto companies have to adjust themselves to this reality where the money flow has decreased. It was explained this is happening due to risk aversion among investors, although we know it's because traditional markets currently offer a better proportion between returns x risk than crypto investments.

Everything crypto enthusiasts have to do is to be ready once money start flowing into cryptocurrency again. And one more time, since we don't know when exactly it's going to happen, it's advised to be always prepared, to be always holding, because it is just a matter of time until inflation starts eating the profit made by investors at traditional markets, so they will have to come back to crypto.

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June 01, 2022, 09:40:12 PM
 #22

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
Sometimes, altcoins can survive during the bearish market and head to a bullish era. but sometimes, altcoins cannot survive, end up on dead coins, or cannot reach the new ATH again. As what happens right now, I personally will still wait for the price of altcoins to be down again, maybe it will happen at the end of this year to next year. But this is only my prediction and it cannot guarantee. However, once more, never buy shitcoins. I will better buy top coins only BNB and probably ETH for my long term Holding to Bullish era later. but for me, Bitcoin is the best choice for holding, not altcoins

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June 01, 2022, 10:11:25 PM
 #23

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
Not necessarily do we need to wait for the market and the altcoins to start their recovery before going to invest but instead, take this current situation as an opportunity. Only you need is to choose coins wisely and that must be on the top listed coins according to the CMC ranking. As they are at the top we know that these coins have a huge potential to recover, unlike those on the bottom ranks. But, of course, after accumulating some of these coins, we also have to learn how to hold them as we really be needing them knowing that they won't rise instantly nor it does after we buy them.
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June 01, 2022, 10:26:33 PM
 #24

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
We will not know if it is the dip market or not and it will be bullish again later for some altcoins. because not all altcoins can survive during the bearish market and continue progressing in the next bull market. So, it is better to be wise and smart when choosing altcoins. If they are top coins, I think that it still has a chance to rise up for the next bullrun, but it doesn't guarantee.
Wait and see. Moroever, we can do DCA, but for me, it is probably enough only on Bitcoin that is less riskier for holding

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June 01, 2022, 10:27:04 PM
 #25

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
no body know when bull market will kick in again? even whales that controll market could not make sure when it happen. market moved very dynamic with high volatility today , alot liquidation on short or long happen. they only we can do only follow the market trend and never againts them or we will lose our money.


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Kusunoki_Samurai
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June 02, 2022, 01:50:23 PM
 #26


During the fall of the market many altcoins are very unstable. The most important is to choose altcoins that are useful and brings something new like https://twitter.com/defiroot/status/1531922256779157506 which allows to connect you to Defi in one ecosystem multichain

Now all market falls. It is the best time to buy altcoins for the best price.
But not all the projects will be able to survive during the fall of the market.
That is why it is necessary to monitor the market to find the best projects for investments and evaluate their potential.
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June 02, 2022, 02:24:36 PM
 #27

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
If you want to buy altcoin(s) then buy it at the low price considering your target sell price. Why would you want to wait for another 1-2 years? By all means, most altcoins getting launched recently are having a lifespan less that 2years - so you can figure out what happens after that. Grin

Bull market or no bull market, you choice to buy should have a logical backing of why you feel the investment is worth your money. If you dont find any, rethink your decision. Most altcoins out there are hyped and not worth it, usually having a mainstream competition that is not possible to counter.

Therefore such coins are bound to fail but the owners already know that and they are only looking for that 1-2 years of hype so they can sell off and make some cash from the prices from the investors who are left with nothing to sell at and a bag of shitcoins at close to zero value.

R


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June 02, 2022, 02:57:05 PM
 #28

Some alts are doing way better than expected. Example is Waves and Tron, which are pumping,especially the former which did a x22 before doing a little retraction. I think one can profit off some good alts even in these bearish and uncertain markets, but like always, DYOR
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June 02, 2022, 03:22:00 PM
 #29

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?

Waiting would be a good thing to do right now but it's not necessary to wait for 1 or 2 years.
We just have to wait until bitcoin recovers from the current dip because once bitcoin pumps the altcoins will follow.
We can start accumulating more fiat money so that when the time arises we can buy more number of coins.

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June 02, 2022, 03:36:14 PM
 #30

We can start accumulating more fiat money so that when the time arises we can buy more number of coins.
which will be the question, when is it time to buy it?
To be honest, until now I have never been able to analyze how the market bottomed out and find its stability.
it's easy when we start long term planning. then buying now and some more in case of a dip is a great way to keep your assets and not fall behind when the market recovers quickly.
Everyone dreams of buying altcoins at the cheapest prices. but many of them do not know when the market is down.



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June 02, 2022, 06:10:04 PM
 #31

Now is a great opportunity for those who have free funds to buy.Of course, I'm not sure that the market will recover in the near future, but I took a few different altcoins for a couple of hundred dollars, in which case it won't be a pity to lose.

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June 02, 2022, 06:54:30 PM
 #32

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?

I think it is always good to buy altcoin as long as you know what you are buying and its price. There are a lot of altcoins that are still cheap today and I think that in the future, their value would surely go high and maybe hit their ATH or more than ATH. We just need to make sure that we always have SL and DCA to lessen the loss in case of dump just like LUNA/UST as others say we cannot just trust our money to others.

And there might be ups and down this coming months, Bull market might kick in maybe before Christmas or by next year.


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June 02, 2022, 07:15:54 PM
 #33

No one knows, the best way to handle this site is to keep buying your favourite coins at dips, don't buy all at once because better opportunities might come through further crashes, in a near market Fiat is always the most useful tool anyone can use.
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June 03, 2022, 08:38:23 AM
 #34

Is there actually any reason to feel hurried about investing with altcoins? Knowing fully well that these tokens are not something you buy and hold for long – it requires a lot of attention and monitoring in order to take profits on or before loss starts setting in.

Whichever way, if it is not ETH or BNB and other top altcoins like ADA, DOT, etc., I definitely do not advise any buy and hold because most altcoins have very limited ability to rise back whenever they dip and in situations you tend to lose everything you had put in, including any profits you might have made just like in the case of $Luna. The honest truth is that I can not even vouch for its availability not to talk about 1 year or 2 – my dislike for some altcoins could erase them off the exchange market.

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June 03, 2022, 08:47:09 AM
 #35

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
no one knows to what extent the decline will continue, but the very right thing to invest long-term is to buy slowly in each drop.
In the next 1-2 years I think we will go through a lot of bulls and bears, so make your choice quickly and do your best to benefit yourself in the future.
and I suggest that you buy now, the decline that continued to occur last week has stopped and now the market price movement tends to be stable, so there is a big possibility that there will be a big wave in the near future.

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June 03, 2022, 02:40:30 PM
 #36

We can start accumulating more fiat money so that when the time arises we can buy more number of coins.
which will be the question, when is it time to buy it?
To be honest, until now I have never been able to analyze how the market bottomed out and find its stability.
it's easy when we start long term planning. then buying now and some more in case of a dip is a great way to keep your assets and not fall behind when the market recovers quickly.
Everyone dreams of buying altcoins at the cheapest prices. but many of them do not know when the market is down.

Finding out the bottom of bitcoin will help us accumulate the altcoins at a better price.
Currently $28k is a good support line for bitcoin and we have to wait until the price crosses above $32k.
Once that is done we can buy some alts and then wait if bitcoin dumps again or not.
If it dumps lower then we should wait for the next bottom line and that's how we keep accumulating in the dips.

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June 03, 2022, 02:58:28 PM
 #37

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
We really don't know the floor of this bear market yet so trying to estimate 1-2 years of recovery for alts is very risky. Even if I've to invest in, I rather hold top crypto like BTC or ETH, BNB since they're more likely to bound back from the bear market than alts. You should wait till we're out of the bear market and then start thinking about investing in alts.
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June 03, 2022, 02:58:55 PM
 #38

2017 is the end of the bull season, and bear season is coming for 3 years to dominate the market until 2020, personally I think doing a steady money save waiting for the bottom market decline, what has happened bears will be in the current position for a long time, speculation that I saw the chart graph in terms of years that bitcoin has passed. it all goes back to each analyzing

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June 03, 2022, 03:08:09 PM
 #39

Do not sleep on the idea that bear market can lasted another two years like 2018 and 2019, this time it might just take another 200days for a bear market to be over, start buying at every dips instead of waiting.

While people still think that the bear market will continue for another 1 to 2 years, the market is likely to recover shortly after that. Markets are unpredictable and often don't go the way we think.  So stop speculating, at the current price it's better to start buying than to wait and regret later.
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June 03, 2022, 03:20:49 PM
 #40

Do we need to wait more 1- 2 years then buy alts now before right before bull market kick in?
yup, I also think that way, if you look at the chart of all altcoins, it is confirmed that this is a bottom for altcoins,
all of them are down by more than 80% and some even have more than 90% of ATH,
I myself have accumulated in several selected altcoins, such as CKB, ADA, SLP and AXS

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