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Author Topic: Be careful buying alts right now  (Read 10774 times)
Pamadar
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October 12, 2022, 11:55:12 AM
 #361

We should exercise caution before buying altcoins anytime. Currently bearish condition is going on in the crypto market. We don't know where its bottom is. But since the next bullrun is late, the market may dump more. So if someone wants to buy altcoin then I think you can buy with some part of your portfolio.
We have been in a bear market for a year and solid alts like FTM and ICP are down over 90%. There's never been a better time to buy than right now. Don't let the bears scare you into staying poor. It can't rain all the time. As long as the project you are investing in is still developing and growing then it should do very well when the market turns back green.
When the market is bearish as it is today it will make a lot of altcoins drop, my assets are reduced by more than 50% when compared to the position in January, our only hope is at the end of this year hopefully it can recover.
It is difficult to predict when the market will turn bullish unless the overall economic conditions are good. However, if Bitcoin wants to be bullish in its normal pattern, then many people think that it will be the highest bullish in the coming year 2024. But not always that human guess will be right. Any time before this it can take a bullish shape. But if the global situation is not good, it becomes difficult to be bullish. But now this is the right time to buy altcoins to get maximum profit in bullish period. It is also a golden opportunity for those who want to hold long term.

It is a good opportunity if you pick the right coin during the bear season,

not an easy task since there are many factors that affects the market condition, those mentioned situations are part of the changing factors that you also needed to consider before chasing your coin to invest, the time duration and the developments while the market still in red, if you managed to predict and assess it the right way, your chance of being compensated is really high.
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October 12, 2022, 10:23:53 PM
 #362

We should exercise caution before buying altcoins anytime. Currently bearish condition is going on in the crypto market. We don't know where its bottom is. But since the next bullrun is late, the market may dump more. So if someone wants to buy altcoin then I think you can buy with some part of your portfolio.
We have been in a bear market for a year and solid alts like FTM and ICP are down over 90%. There's never been a better time to buy than right now. Don't let the bears scare you into staying poor. It can't rain all the time. As long as the project you are investing in is still developing and growing then it should do very well when the market turns back green.
When the market is bearish as it is today it will make a lot of altcoins drop, my assets are reduced by more than 50% when compared to the position in January, our only hope is at the end of this year hopefully it can recover.
It is difficult to predict when the market will turn bullish unless the overall economic conditions are good. However, if Bitcoin wants to be bullish in its normal pattern, then many people think that it will be the highest bullish in the coming year 2024. But not always that human guess will be right. Any time before this it can take a bullish shape. But if the global situation is not good, it becomes difficult to be bullish. But now this is the right time to buy altcoins to get maximum profit in bullish period. It is also a golden opportunity for those who want to hold long term.
The current overall situation is very bad and investing in bad positions is also very risky.It is very difficult to predict when the market will improve. Many people think that the market will be better in 2024 but really all these thoughts may not be successful.If you want to invest at this time then definitely invest in the best currency. However, investing in ALT coins is currently very risky.But this time ALT can buy all the coins which are of good quality and make long term investment.

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October 18, 2022, 02:22:02 PM
 #363

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.

I think the current market conditions are not good, so we have to be more careful when buying or investing in altcoins. but in my opinion if you want to make long-term investments then there is nothing wrong if we buy altcoins, but for the short term it is better for us to refrain from buying. and for sure we must have our own research and belief before making a decision.

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October 18, 2022, 04:12:27 PM
 #364

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.
seance bitcoin price still in dip and altcoin also in a much dip.  I Don't think it will be a bad step if anyone want to invest on altcoins now. I Don't think bitcoin price can be drop bellow 18k in any way. So if it do not happen then altcoin also will not drop too much now. So it can be a great time to invest in altcoins including bitcoin. i think now is. great Opportunity to buy altcoins and holding tight

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October 18, 2022, 04:28:27 PM
 #365

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.

I think the current market conditions are not good, so we have to be more careful when buying or investing in altcoins. but in my opinion if you want to make long-term investments then there is nothing wrong if we buy altcoins, but for the short term it is better for us to refrain from buying. and for sure we must have our own research and belief before making a decision.
This season is perfect timing for those who want to accumulate potential altcoins for long-term investment. It's important to be careful but we should also be aware of the open opportunity of buying that we should grab. We must be mindful of the potential altcoins that are worth buying nowadays and just avoid weak coins that are having a hard time dealing with the bearish season.

We should always take every information before considering our take with the current situation, if you know and understand what you are
doing you have a better chance of picking the right assets to hold.

Giving enough time frame in holding your coin in hope that it will bounce back and provide decent amount of profits after entrusting your investment.

All the decision should be on your own, understanding both risk and a possible gain will help you to balance your decision making.
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October 18, 2022, 10:20:32 PM
 #366

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.

I think the current market conditions are not good, so we have to be more careful when buying or investing in altcoins. but in my opinion if you want to make long-term investments then there is nothing wrong if we buy altcoins, but for the short term it is better for us to refrain from buying. and for sure we must have our own research and belief before making a decision.

It's true what you say, shopping for altcoins today must be wrong. The coins we buy will go down quickly, because the market is still volatile, and the value of bitcoin is still going up and down, so it's better to delay until the market is half stable than to experience heavy losses. many

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October 18, 2022, 11:02:37 PM
 #367

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.

I don't think we will be falling much more down as we have reached the bottom or close. Bitcoin should be picking up some momentum very soon and that'll drive up other market and we might start the recovery phrase this year. Altcoins has fallen the worst they can. Anything worse now is project that will die forever and won't recover with the market. Coins like meme coins and those claiming to be gaming project but have no users should be avoided as they can be exit scams.
I think we'll have huge number of coins recovering from this bear market as some strong hands have entered the market and not just the gullible investors we had in previous bear market that resulted to many lost.

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October 18, 2022, 11:36:47 PM
 #368

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.

I don't think we will be falling much more down as we have reached the bottom or close. Bitcoin should be picking up some momentum very soon and that'll drive up other market and we might start the recovery phrase this year. Altcoins has fallen the worst they can. Anything worse now is project that will die forever and won't recover with the market. Coins like meme coins and those claiming to be gaming project but have no users should be avoided as they can be exit scams.
I think we'll have huge number of coins recovering from this bear market as some strong hands have entered the market and not just the gullible investors we had in previous bear market that resulted to many lost.


Well I doubt that we will start our recovery this year since this year we got a lot of bad things about crypto and I guess we can really recover next year but it is still uncertain since many analysts said that we still didn't reach the bottom yet but let's hope that this time it's different where many people will keep holding their funds and didn't fear about FUD.

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October 20, 2022, 03:46:22 AM
 #369

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.

I don't think we will be falling much more down as we have reached the bottom or close. Bitcoin should be picking up some momentum very soon and that'll drive up other market and we might start the recovery phrase this year. Altcoins has fallen the worst they can. Anything worse now is project that will die forever and won't recover with the market. Coins like meme coins and those claiming to be gaming project but have no users should be avoided as they can be exit scams.
I think we'll have huge number of coins recovering from this bear market as some strong hands have entered the market and not just the gullible investors we had in previous bear market that resulted to many lost.


Well I doubt that we will start our recovery this year since this year we got a lot of bad things about crypto and I guess we can really recover next year but it is still uncertain since many analysts said that we still didn't reach the bottom yet but let's hope that this time it's different where many people will keep holding their funds and didn't fear about FUD.

There' no accurate time frame for this investment and it' not just crypto that having difficulty right now, the financial institutions are
having difficulty and it's affecting the entire economy.

It's possible to anticipate more fall if there's no interest from the financial institutions, as we all know that if there's fear that circulate
the market, investors and traders are not willing to gamble or risk their investment.

Maybe for the next couple of years we might again see the bounce and the bull will change the direction of this market.
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October 20, 2022, 05:29:17 AM
 #370

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.

I don't think we will be falling much more down as we have reached the bottom or close. Bitcoin should be picking up some momentum very soon and that'll drive up other market and we might start the recovery phrase this year. Altcoins has fallen the worst they can. Anything worse now is project that will die forever and won't recover with the market. Coins like meme coins and those claiming to be gaming project but have no users should be avoided as they can be exit scams.
I think we'll have huge number of coins recovering from this bear market as some strong hands have entered the market and not just the gullible investors we had in previous bear market that resulted to many lost.


Well I doubt that we will start our recovery this year since this year we got a lot of bad things about crypto and I guess we can really recover next year but it is still uncertain since many analysts said that we still didn't reach the bottom yet but let's hope that this time it's different where many people will keep holding their funds and didn't fear about FUD.

A lot of happenings just this year and I think that the market will still not recover until next year. There are a lot of rumors that the value of BTC will still be in the range of $18,000 - $20,000 if still not regulated which I think that the value of some altcoins will be affected.

But, I think its still the right time to buy altcoins and BTC while the value is still in dip, we can never know when it will really pump and as we all know that market is still unpredictable.

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October 20, 2022, 05:36:30 AM
 #371

Yes, you're right.
Market doesn't still have enough value to change to bullish.
Maybe next year and the next after that we'll see some bullish market...Hopefully!
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October 20, 2022, 06:12:15 AM
 #372

The market is currently red and I think this is a good opportunity to buy, I'm sure the market will rise at the end of this year and we will make big profits if we invest immediately, if we don't buy now, we will get a high price.

I still believe the Bulls are coming, but it will take time. And the most expensive asset is the time that you need to appreciate.
No one knows for sure the price bitcoin will hit in the future, and if anyone said that he knows the price of bitcoin in the next year, I would have realized he was a scammer. Continuing to learn makes me understand it better.
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October 20, 2022, 06:25:52 AM
 #373

The market is currently red and I think this is a good opportunity to buy, I'm sure the market will rise at the end of this year and we will make big profits if we invest immediately, if we don't buy now, we will get a high price.

I still believe the Bulls are coming, but it will take time. And the most expensive asset is the time that you need to appreciate.
No one knows for sure the price bitcoin will hit in the future, and if anyone said that he knows the price of bitcoin in the next year, I would have realized he was a scammer. Continuing to learn makes me understand it better.
The current market situation is not very good. It has been bearish for a long time and there is no guarantee how much longer it will remain in this time. Many may consider this period negatively. But I think this is the right time to buy altcoins. But before the altcoins I give the highest importance to bitcoin and then there are some altcoins that can make good profit in this bearish session.

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October 20, 2022, 07:36:53 AM
 #374

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.

I think the current market conditions are not good, so we have to be more careful when buying or investing in altcoins. but in my opinion if you want to make long-term investments then there is nothing wrong if we buy altcoins, but for the short term it is better for us to refrain from buying. and for sure we must have our own research and belief before making a decision.

It's true what you say, shopping for altcoins today must be wrong. The coins we buy will go down quickly, because the market is still volatile, and the value of bitcoin is still going up and down, so it's better to delay until the market is half stable than to experience heavy losses. many

that's true, because it's still not stable right now, because it's feared that if our buy crypto now, that is, after our buy it, the price of crypto will go down. but of course people have different opinions, but actually if our want to buy crypto you can now, as long as the purchase uses the DCA system.

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October 22, 2022, 09:28:10 PM
 #375

Sometimes, you need to do the right amount of research before committing funds to any projects
Personally, there is a telegram bot I use (@CheckMyTokenBot); powered by blockchain security company, HashEx.
The bot shows me credibility of any token, its total supply, owners and risks of being rugged.
You can use this tool to DYOR sometime.

When you have websites like coinmarketcap, coinecko and there is enough information about crypto projects. So why do you need a separate Telegram bot to read that information? I'm not sure why anyone should use this bot without a specific solid reason. For those who research crypto projects, coinmarketcap, coingecko are enough, as other such bots can be confusing.

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erep
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October 22, 2022, 09:28:31 PM
 #376

The current market situation is not very good. It has been bearish for a long time and there is no guarantee how much longer it will remain in this time. Many may consider this period negatively. But I think this is the right time to buy altcoins. But before the altcoins I give the highest importance to bitcoin and then there are some altcoins that can make good profit in this bearish session.
We can't predict how long the bear market will last but we don't need to consider that until we don't do DCA to add assets to the portfolio, I also put my trust in investing in BTC and some other top coins to prepare for the market recovery and if that doesn't happen and even bear market continues, so I will add another asset to buy BTC.

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October 22, 2022, 10:59:31 PM
 #377

It's true what you say, shopping for altcoins today must be wrong. The coins we buy will go down quickly, because the market is still volatile, and the value of bitcoin is still going up and down, so it's better to delay until the market is half stable than to experience heavy losses. many
I think this statements is wrong, the value is already decreasing so much, it could hardly go down further, moreover the risk of the coin going down is lesser then when it is already in bearish, basically already hitting its all time highs, I think investing right now you could never go wrong since this is good entry for any investments that you could make.

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October 23, 2022, 08:43:29 AM
 #378

The current market situation is not very good. It has been bearish for a long time and there is no guarantee how much longer it will remain in this time. Many may consider this period negatively. But I think this is the right time to buy altcoins. But before the altcoins I give the highest importance to bitcoin and then there are some altcoins that can make good profit in this bearish session.
We can't predict how long the bear market will last but we don't need to consider that until we don't do DCA to add assets to the portfolio, I also put my trust in investing in BTC and some other top coins to prepare for the market recovery and if that doesn't happen and even bear market continues, so I will add another asset to buy BTC.

Having reserve money gives you good advantage just like what you said. If the market continues to be bearish, you can add more instead of panicking and sell out with big losses, it is better to keep adding investment and wait till the big bounce back happens. Just make sure that you are using the amount that you can let go for a while. I mean, don't use emergency fund for your investment.

If you can allocate a decent amount of your salary and let it hold and serve as your retirement investment, the time will come that you will harvest good amount of benefits.

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irhact
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October 23, 2022, 10:08:43 AM
 #379

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.

How about now, do you think we have reached the bottom or still in a fake out zone. $900 pee Ethereum can't be the lowest Ethereum will go. We can see it go as low as $500 . I see prediction of Bitcoin going below $10k and if that happens, $900 can't be the low of Ethereum. It has to go lower as there will be panic in the market and people will start selling thinking crypto is dead. The only reason Ethereum is above $1k is because of the hype that the Ethereum merge event had.
Now that that is over, we can see a sudden decrease in the price of Ethereum because people are selling. The bear market negative sentiment is also contributing.

R


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October 23, 2022, 01:28:05 PM
 #380

Out of all, I would say at the moment, QNT is the safest bet, I converted everything I had to QNT

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