Be careful buying alts right now

[cute nmp]

Don't think I will buy any altcoins at the moment to avoid falling into a bear trap again. Market is not good up to now and we are in a bear situation and many coins can continue to lose value so its not a good idea to hold for now till things improve and get better.

[nurilham]

Don't think I will buy any altcoins at the moment to avoid falling into a bear trap again.

It is good that you are very careful to determine the time to buy. I also still keep my funds, just plan to buy altcoins when there is a huge dump in the future. I think there is still an opportunity of the next big decrease, it may be in Q4 of this year or Q1 of the next year.

Market is not good up to now and we are in a bear situation and many coins can continue to lose value so its not a good idea to hold for now till things improve and get better.

Actually, if you want to add more coins on your wallets, bearish market is the right time to buy. Although we see many altcoins are decreasing their prices continously, but it is quite safe since we are in the phase of cheap prices of crypto coins. After the bearish season is over, we will experience the bullish season that the prices of altcoins will increase signifincantly.

[Aliem Nur]

altcoins are very volatile in Q3, I have observed it on Binance, some altcoins experience pumps and dumps in a short time,
of course things like that are not healthy in the market!, thank you, I think it should be proven.

[Minecache]

Don't think I will buy any altcoins at the moment to avoid falling into a bear trap again.

It is good that you are very careful to determine the time to buy. I also still keep my funds, just plan to buy altcoins when there is a huge dump in the future. I think there is still an opportunity of the next big decrease, it may be in Q4 of this year or Q1 of the next year.

There are lots of predictions, the bottom of this bear is at 17.6k and we are out of the bottom, but my personal prediction is that we will have a huge dump at the end of the year or Q1 next year. I'm still waiting for this final dumping to start collecting as much as I can.

Market is not good up to now and we are in a bear situation and many coins can continue to lose value so its not a good idea to hold for now till things improve and get better.

Actually, if you want to add more coins on your wallets, bearish market is the right time to buy. Although we see many altcoins are decreasing their prices continously, but it is quite safe since we are in the phase of cheap prices of crypto coins. After the bearish season is over, we will experience the bullish season that the prices of altcoins will increase signifincantly.

Should buy when the price is low and sell when the price is high, should not wait until the market improves to start buying, we will lose the opportunity. one is to buy now and use DCA, the other is to wait for the correction to start buying again.

[Sayeds56]

altcoins are very volatile in Q3, I have observed it on Binance, some altcoins experience pumps and dumps in a short time,
of course things like that are not healthy in the market!, thank you, I think it should be proven.

The whole crypto market is volatile not only alts coins, even Bitcoin price has come down more than 70% from its all time high, alts always follow Bitcoin market trend, though investors make huge profit in alts if they hold them patiently and invest in good quality projects.we always need to remember that bearish like the one we have now is the best opportunity to build portfolio on such attractive prices and sell them when market bounces back and breaks its previous all time highs.

[gunhell16]

We all know that investing in cryptocurrency has a risk attached to our capital, that's why it depends on the coins that we buy and we have a reference that we can use to be sure of the altcoins that we choose and trade on the exchange that is in our decision whether we do it short or long term. Because we can't really avoid the risk, that's why we have to be really careful.

As long as the important thing is that we know how to look for the right coin here in the world of cryptocurrency, because if our method and understanding of crypto is wrong, the result will surely be a risk to our coins that are chosen to invest. However, if this is the right understanding and method, it is also certain that the result will be good in the future.

[Wawa2013]

altcoins are very volatile in Q3, I have observed it on Binance, some altcoins experience pumps and dumps in a short time,
of course things like that are not healthy in the market!, thank you, I think it should be proven.

The whole crypto market is volatile not only alts coins, even Bitcoin price has come down more than 70% from its all time high, alts always follow Bitcoin market trend, though investors make huge profit in alts if they hold them patiently and invest in good quality projects.we always need to remember that bearish like the one we have now is the best opportunity to build portfolio on such attractive prices and sell them when market bounces back and breaks its previous all time highs.

Although the price of Bitcoin is also very volatile as is the case with altcoins, but at least investing in Bitcoin is less risky than investing in altcoins.
That's why the percentage of capital we use to buy Bitcoin should at least be larger, so that we are safer when investing in crypto. Especially now
that we are still in a bear market, where the risk is very high for investing in altcoins. We really have to be careful if we really want to buy altcoins
right now, especially since the majority of altcoins in circulation are shitcoins. So if we buy the wrong altcoins, we will lose our money. Do your research
and analysis before buying altcoins, so that we can make sure the altcoins we choose are potential altcoins.

[Mario Yamasaki]

Any investment certainly makes us have to be vigilant, not only cryptocurrencies but offline investment also requires us to be vigilant, all types of investment can be loss even as a scam, this is what makes us have to always do deep analysis so it is not easy to get scam.

[Farma]

We all know that investing in cryptocurrency has a risk attached to our capital, that's why it depends on the coins that we buy and we have a reference that we can use to be sure of the altcoins that we choose and trade on the exchange that is in our decision whether we do it short or long term. Because we can't really avoid the risk, that's why we have to be really careful.

As long as the important thing is that we know how to look for the right coin here in the world of cryptocurrency, because if our method and understanding of crypto is wrong, the result will surely be a risk to our coins that are chosen to invest. However, if this is the right understanding and method, it is also certain that the result will be good in the future.

we all agree that crypto is risky, that's why we really need to be very careful in investing, or even choosing investments. however, what the OP was talking about was ethereum, which at the time fell into the $900 range. normally, it's a pretty bad time to invest in altcoins, as the price of ethereum has fallen quite a bit from its very high price. however, I think on the side of new investors, or investors who like to take advantage of the situation, it becomes a very good thing for them. imagine, when they bought the popular altcoins at that time, they already made a sizeable profit today. what I'm trying to say is, dumps aren't always bad for everyone. people who can take advantage of it will try to make the most of the moment. maybe it was a bad moment to invest, but those who studied the situation might realize that it was a good time to invest in ethereum. however, there will always be risk due to the nature of crypto which is generally very volatile.

[kasunrandil]

no problem bro. if we understand the project well , then no problem with investing in this season. it is better to have a DCA  plan at all. whatever as you said it is risky of investing in meme tokens and that kind of nonsense project which poped up with recent crypto rally. we can further reduce our risk by investing in large cap coins and tokens. ( before you invest in you must understand the project well  whether it it is large cap or not ) because volatility of large cap coins are low.

[Mr.sprin]

Don't make the wrong choice to buy alcoins like buying new coins, the risk is big if you want to invest in alcoins it's better to choose alcoins that have potential such as bnb coins and ethereum coins if you hold these two alcoins I am very sure you will get big profits.

[hichamito37]

I think its the right time to buy alts because we may see a bull run season soon.

Everything is going up again but that does not mean that the bull season is coming guys, there is no safe time for altcoins, altcoins are always risky. If you want to be profitable and take risks then you should buy altcoins 2 months before the market bottom, everything becomes very cheap. The price has already started to run and it is not sure if it will continue to run continuously or will drop any time so be careful.

[Sayeds56]

I think its the right time to buy alts because we may see a bull run season soon.

We can not predict with 100% certainty that correction is overdone and bull run is about to begin unless Bitcoin breaks important technical indicator of 200 DMA which is at 32,920 & stays there for few days to confirm the trend reversal. I think  It is likely to happen during the current month because declining trend in CPI has created new hope for stocks and crypto market investors & it is likely to continue as gas prices are falling. . DYOR.

[Quote420]

You are right, thank you osongkh because currently buying any coin will not be ok, in this bear market the price of all coins has dropped a lot and now it will be very risky if you buy any coin. So it is better not to buy any coin now.

[RussianEnglishTranslation]

I think its the right time to buy alts because we may see a bull run season soon.

We can not predict with 100% certainty that correction is overdone and bull run is about to begin unless Bitcoin breaks important technical indicator of 200 DMA which is at 32,920 & stays there for few days to confirm the trend reversal. I think  It is likely to happen during the current month because declining trend in CPI has created new hope for stocks and crypto market investors & it is likely to continue as gas prices are falling. . DYOR.

Yes, it looks like things are returning bullish, just in time for BTC and ETH integration on the internet computer and the Ethereum merge.

[Chainsmokers]

I think the current altcoin price is still very cheap because it's a dump, this can be proven through a chart,
you just go to coinmrketcap and look at the chart, for example GALA, Gala ATH is at $0.7, and now it's only at $0.07,
of course this has gone down a lot, almost -90% more, so don't be afraid to invest in altcoins.

[Teletalk.org]

I think its the right time to buy alts because we may see a bull run season soon.

Everything is going up again but that does not mean that the bull season is coming guys, there is no safe time for altcoins, altcoins are always risky. If you want to be profitable and take risks then you should buy altcoins 2 months before the market bottom, everything becomes very cheap. The price has already started to run and it is not sure if it will continue to run continuously or will drop any time so be careful.

You are absolutely right. Alt coins are always risky. But it is better if you buy the previous coins instead of buying two months old coins. For example: sol, matic, avax. In fact, the price of these coins has decreased a lot in the bear market. And these will increase in price the most. It can be expected.

[gunhell16]

We all know here in the crypto space that when the bear market comes, the number one thing that is affected is always the altcoins that are not included in the top 100 coins in the market. Although it does not mean that the top altcoins in the market are not affected, it is not always the case. They are also affected, that is because of the volatility that exists in this cryptocurrency industry. But even though they are affected by the volume they have, it is still undeniable that they can be said to be stable and strong in the market. It's not like the unknown cryptos in the market whose value plummets in the market and once again there are others who are actually waiting for it to fall and be delisted from the market because there is no value.

That's why the majority of members here on this forum platform did not miss a reminder to remind everyone to always do DYOR (do your own research) or do it at your own risk. Because buying crypto on any exchange platform is always associated with risk because money is involved, which we want it to grow and we believe that through cryptocurrency it can grow our capital, but still in the end we supposed to be careful in terms of choosing or buying the coins.

[rhodelmabanal]

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.

fake recovery or not,we always need to be careful everytime we invest or buy some coins, i believe that we are still in bear market so we need to be careful we don't know if the market recover or continue to fall in next few months from now, however i believe that ethereum is still good for investing right now and wait till the market fully recover.

[RussiaUkraineTranslation]

If you are staking on a platform like Abracadabra or MAXX finance for high APY then it doesn't really matter much what the market does short term because you are earning high staking rewards. In fact, one could argue, and I'm willing to bet that statistics will back this up, that stakers on platforms like HEX and MAXX finance make more money than scalp or swing traders do.