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Author Topic: Be careful buying alts right now  (Read 10759 times)
lienfaye
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June 27, 2022, 06:31:58 AM
 #101

To invest in crypto you have to choose a specific time and you have to choose the right token.
And that time is now wherein the market is bearish. Coins are cheaper compared to the price before. Though we cant say how long this bear market will last, but certainly its the time to buy top coins. Its way safer to buy top coins because they're unlikely to be delisted on exchanges and will recover if the market turn better. Its because this situation also happened before and these coins who are existing for years already, managed to survive the bear season.

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June 27, 2022, 06:34:16 AM
 #102

Personally, I think you need to wait for the purchase of coins, since the bear market is still falling and has not reached its bottom. And as soon as the market stops, all investors immediately rush to buy a large number of different coins. And then there will be a sharp jump in the price up. But this is just an assumption that the market can behave like this. In any case, you need to be very careful and not lose your funds if the crypto market forecast is not correct.
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June 27, 2022, 02:56:12 PM
 #103


A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

During the fall of the market it is the best time to buy the tokens of the projects for the best price because everything falls.
But nobody knows what projects will be able to survive and in what projects to invest.
That is why it is very risky to invest now.

During the fall of the market cryptocurrency investments are very risky because not all the projects will be able to survive during the fall of the market.
But after the fall only the best projects will left.
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June 27, 2022, 04:12:16 PM
 #104

Be careful buying altcoins at this time is indeed good advice, especially should do research before buying altcoins. Choose an altcoin that really has good potential in the future. ETH, BNB, SOLANA, ADA etc are some of the altcoins that are quite well developed. Moreover, ETH continues to follow the price of BTC, I personally invested several thousand dollars in ETH since the BTC price crash.
Buying alt now also requires a DCA strategy so as not to get stuck in one. price. buy wisely and of course know what to do.
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June 28, 2022, 03:36:30 AM
 #105

Be careful buying altcoins at this time is indeed good advice, especially should do research before buying altcoins. Choose an altcoin that really has good potential in the future. ETH, BNB, SOLANA, ADA etc are some of the altcoins that are quite well developed. Moreover, ETH continues to follow the price of BTC, I personally invested several thousand dollars in ETH since the BTC price crash.
Buying alt now also requires a DCA strategy so as not to get stuck in one. price. buy wisely and of course know what to do.
It is very difficult to predict when the market will return to normal, this indicates the current cycle cannot be used as a reference source as an investment in certain altcoins, I think only Ethereum and BNB have the strength to survive, while other altcoins are quite risky in market conditions like now, you should not be too hasty in making a decision to buy altcoins, except for the purchase of the two coins that I mentioned above

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June 28, 2022, 07:51:42 AM
 #106

Past BTC price history in a bear market is always around 80% or a little bit more but right now we are at 74% so a bit more to get there, the thing is I believe this is a good time to start buying as well but the recession that's upcoming is making me think otherwise, it is possible that BTC will lose that 20,000$ range soon.

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June 28, 2022, 10:25:04 AM
 #107

now i have bought ethereum coin and bnb coin even though there is a notification from my friend now is not the time to buy because the coin price will go down again but i am confident in my decision to invest ethereum coin and bnb coin because i believe i can save these two coins in the long term even though one day the price of this coin will go down, I am ready to take the risk.

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June 28, 2022, 04:06:25 PM
 #108

I am not sure if "large" dumps could occur again. I get that there could be some drops, there is no denying that and I have to say that this is going to be something that is decent and go up soon, and I love that. But at the end off the day, it is not going to be something that is a huge dump, it is going to be something that is doing a bit weird if we see another 50% drop for example.

This is why we are going to have to accept the fact that bitcoin will be 15k+ for the remainder of the history, never go under that, not now, not in the future. Of course now is the closest, so if it ever happens that has to be now, after this, we will go up eventually to a new ATH and doubt we will ever drop here again.
You see now a good mood prevails among the members of the forum, there is no fear when everyone is depressed, exhausted by a long fall and does not believe in growth, so I think that this period is still ahead, and for this a good fall must still occur. But I also admit that the most persistent ones remained on the forum, who have already gone through such falls and know what to expect, so they just calmly wait for the bear market to end.

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June 28, 2022, 04:21:41 PM
 #109

indeed the current crypto market is very concerning but I think investing in crypto does have a very high level of risk, here we need foresight to choose a decent altcoin, but for crypto users who have extensive knowledge of crypto, now is a good time to buy altcoins of course they buy altcoins that have great potential and prospects, to find the right altcoins of course they have done in-depth research about the ins and outs of these altcoins in order to get big profits when the crypto market starts to recover.

Now is the good time for people who invest not just their money but more on their time to research and study every single project

that they are eyeing to use for their investment, the market is low, but the chance to get lower is possible. Investors need to

work on their knowledge about the project and how the team is working behind, if they are convince with how the market will proceed,

there's no problem in taking the call and place their position.
In a bear market, this approach does not work much. The team can work hard and update the github regularly, but no one knows how long this red period will last. It is possible that these projects will not be in demand in the future, although it will still have a good product. It is just that other, more modern ones will come along later. Look at the CMC top, it changes regularly.

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June 28, 2022, 05:53:58 PM
 #110

Personally, I always study the market before buying coins and always buy current coins that will be in demand in the cryptocurrency market in the near future. And I also recommend all my friends to buy only those coins that will be in demand and will make a profit. And also buy coins only on verified exchanges. Otherwise, you can just fall into the hands of scammers. And now when the market is falling very much and buying coins is very risky now because the price can change very much.
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June 28, 2022, 06:19:54 PM
 #111

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Basically Altcoins depend on Bitcoin, As of lately we know that bitcoin get down form approximately 65-70% form its ATH and at the same time altcoins get down 90-95% so it is very easy to mark out that altcoins are risky at the moment as the market is not stable yet. If bitcoin price decrease more then altcoins will be affected. So your assets your decision but we also know that "no risk no gain" So buy some altcoins right now which are most potential coins in the current market.

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June 28, 2022, 08:42:57 PM
 #112


A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

During the fall of the market cryptocurrency investments are very risky because not all the projects will be able to survive during the fall of the market.
But after the fall only the best projects will left.

Cryptocurrency investments always risky because cryptocurrency is very volitile. But during the fall of the market it is possible to buy cryptocurrency for the best price.
The most important is to evaluate the future potential of the coin.
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June 28, 2022, 10:01:04 PM
 #113

Personally, I always study the market before buying coins and always buy current coins that will be in demand in the cryptocurrency market in the near future. And I also recommend all my friends to buy only those coins that will be in demand and will make a profit. And also buy coins only on verified exchanges. Otherwise, you can just fall into the hands of scammers. And now when the market is falling very much and buying coins is very risky now because the price can change very much.
researching and studying carefully about the coins that we are going to buy is a basic thing in investing but not all buying coins that will be in demand and buying on a verified exchange guarantees it will be safe because we know just now what happened to terra luna so look for opportunities and sell at the right time right is the thing that will give profit

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June 28, 2022, 10:20:21 PM
 #114

Personally, I always study the market before buying coins and always buy current coins that will be in demand in the cryptocurrency market in the near future. And I also recommend all my friends to buy only those coins that will be in demand and will make a profit. And also buy coins only on verified exchanges. Otherwise, you can just fall into the hands of scammers. And now when the market is falling very much and buying coins is very risky now because the price can change very much.
researching and studying carefully about the coins that we are going to buy is a basic thing in investing but not all buying coins that will be in demand and buying on a verified exchange guarantees it will be safe because we know just now what happened to terra luna so look for opportunities and sell at the right time right is the thing that will give profit
There is no guarantee even if it is an exchange that is legitimate. Being delisted from an exchange still happens, so because a coin gets listed does not mean that it is surely going to stay there in the long-term.
Once the coin dries out, say bye bye for that coin in that exchange.
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June 28, 2022, 10:31:38 PM
 #115

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Basically Altcoins depend on Bitcoin, As of lately we know that bitcoin get down form approximately 65-70% form its ATH and at the same time altcoins get down 90-95% so it is very easy to mark out that altcoins are risky at the moment as the market is not stable yet. If bitcoin price decrease more then altcoins will be affected. So your assets your decision but we also know that "no risk no gain" So buy some altcoins right now which are most potential coins in the current market.
And ever since, the majority of these altcoins had lost their value more than Bitcoin and this is the fact that investing in Altcoins is too risky. However, in the case of the bear season, taking the chance on buying potential altcoins like ETH and Sol seems ideal as to know that they will recover fast as to the moment that Bitcoin will be rallying high again. But then, I won't encourage people to allocate more of their funds in altcoins, it should be going to Bitcoin.

We should be technical enough upon choosing projects for investment where TA and FA are very important.

R


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Bertyda
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June 29, 2022, 12:27:33 PM
 #116


A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

Cryptocurrency investments always risky because cryptocurrency is very volitile. But during the fall of the market it is possible to buy cryptocurrency for the best price.
The most important is to evaluate the future potential of the coin.

There are too many cryptocurrency projects but only the useful projects will left.
After the fall of the maket will be able to survive only the best and most useful coins.
Fredomago
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June 29, 2022, 01:33:57 PM
 #117

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Basically Altcoins depend on Bitcoin, As of lately we know that bitcoin get down form approximately 65-70% form its ATH and at the same time altcoins get down 90-95% so it is very easy to mark out that altcoins are risky at the moment as the market is not stable yet. If bitcoin price decrease more then altcoins will be affected. So your assets your decision but we also know that "no risk no gain" So buy some altcoins right now which are most potential coins in the current market.
And ever since, the majority of these altcoins had lost their value more than Bitcoin and this is the fact that investing in Altcoins is too risky. However, in the case of the bear season, taking the chance on buying potential altcoins like ETH and Sol seems ideal as to know that they will recover fast as to the moment that Bitcoin will be rallying high again. But then, I won't encourage people to allocate more of their funds in altcoins, it should be going to Bitcoin.

We should be technical enough upon choosing projects for investment where TA and FA are very important.

It's important to weight your decision making the market is unstable and the chance of quick dump and bounce back can hit you with one mistake, be very careful in analysing your investment, there are many available project that you can pick as long as you are following the development of the coin, maybe some of those alts will bounce and rally high while others will be forgotten and die along the way.

You need to be wise and practical when choosing what best alt to invest, be ready and make sure that you can handle the pressure.

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virasisog
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June 29, 2022, 05:36:17 PM
 #118

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
It could be that what you say is true, that the bear market is not over for now, but so far it is possible to buy potential coins, such as Ethereum, BTC and BNB, because the price comparison under normal conditions is quite far, so we can convert these purchases, if the market has returned to normal, and these purchases will also provide a very large return, if you and they make purchases at market conditions like now
I certainly agree with you. Many investors might doubt buying now because we haven't reached the bottom yet but buying potential coins this time would still be profitable especially when the market recovers. The bear market might take too long but it's better to grab the opportunity than regret it when the market gets back to its normal phase.
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June 29, 2022, 07:45:34 PM
 #119

Investors should really be careful investing in altcoins high now due to the high level of market crash, the market right now is in a bear condition and won't be favourable to any investor because the altcoins are not really volatile for now, only the Bitcoin and Ethereum portrays a high level of volatility in the market from my own perspective while altcoins are stagnant so investing in then will be a total waste of money because it'll take only experts to benefit from it, and all chats right now are in downtrends so there's more possibility of losing than making profit, my kind advice to newbies is that we are still in the bear market and it is not yet over till Bitcoin and Ethereum are ready to face the moon, we'll still be in massive dip, not Asif nothing good can come out of the bear market right now but my advice is newbies should be more careful, but experts can go in
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June 29, 2022, 08:12:24 PM
 #120

It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Its hard to consider that this bear market is now set to an end, there are more price downtrend along the way and that will all be possible as long as the market has not recover yet. However, regardless of how bearish or even bullish the market is, investing in altcoins will always bring high risk as the altcoins are always known as the playground of all scams. But if someone really want to invest and push through with altcoins, always chose those old and established altcoins as they have proven their worth in the market for long.
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