udayantha11 (OP)
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2023 would most likely be as bearish as 2022
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October 11, 2022, 04:11:05 PM |
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I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
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we all need universal power and cyclist of Everything -2023 would most likely be as bearish as 2022- =BTC will make it, but might be a long winter=
Stronger the storm, brighter the rainbow
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Hamza2424
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🇵🇰 Pakistan
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October 11, 2022, 04:32:39 PM |
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That a good point to not invest heavy in alts but never invest in opportunity is not the case as BTC is your main asset if you want to invest in the ALTS then you need tobe sure about the loss and one more thing here is as you said after 2024 that's not the case this is the end time here now the accumulation is going to end so from this point you can invest that's not a financial advice still you can invest in ALTS for short time times as this the time now.
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TheUltraElite
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So anyway, I applied as a merit source :)
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October 11, 2022, 04:50:01 PM |
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I dont get how to declare 2024 or post 2024 to be the safe year to invest in altcoins. Altcoins have always been the target of pump and dump'ers and shills and hence they are glared on by bigger market veterans. Whatever media buzzword that they add to their project, the core design never really changes and the common "genres" explored by such projects will never be able to compete with their mainstream counterparts.
Hence even if newer tech comes into view, altcoin project leaders only use them to promote their project and not actually develop something on it.
Still it would be worth a watch if they actually manage to go bullish after 2024 or early.
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Crypt0Gore
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October 11, 2022, 05:00:18 PM |
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AI projects are the worst of them all, they never survived since many years ago because no one needs any AI use cases, its a dream that never come to past, instead focus of MetaVerse and Play to earn games, also I think its wrong to stay till 2024 before buying alts, you are simply betting on the fact that BTC may go lower, you will be shocked how fast BTC can recover.
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bitcampaign
Sr. Member
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Activity: 1904
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Vave.com - Crypto Casino
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October 11, 2022, 05:32:34 PM |
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I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
but i believe with old altcoins and whatever bigger ones come in the future, old altcoins will still follow the existing technology and then adjust it, so it all depends on how developers follow the technology in their respective eras, i keep investing in old altcoins and buy them cheap, because now is the right time to buy it when the market is bearish not when the market is bullish
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_act_
Legendary
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Merit: 1282
Lightning network is good with small amount of BTC
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October 11, 2022, 05:40:48 PM |
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There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
What do you mean by RSI? Relative Strength Index? I self going to invest in Alts after 2024.
A good time to invest. Bitcoin halving would be around March 2044. Investing around that time would be better. But I am thinking next massive price drop would be the best time to invest in altcoins, but which the coins would increase and later decrease back.
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Chainsmokers
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October 11, 2022, 05:54:06 PM |
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if you intend to buy altcoins after 2024 then you will regret it, because in 2022 all altcoins are already at very cheap prices, indeed bitcoin is still an indication for dump again but if you don't buy altcoins gradually of course it's a bad thing you should avoid, some altcoins such as Algorand and Chiliz are also indicated to be very bullish.
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JoyMarsha
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October 11, 2022, 06:11:53 PM |
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A circle has no beginning or end in crypto. If you want your money never to finish in altcoins, diversify your investments to several altcoins whether it is among the top 10 or not. Don't wait till 2024, invest now and wait patiently. If profits come, withdraw your profits and reinvest back. With that kind of method, you won't regret ever investing in altcoin this year
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GeorgeJohn
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October 11, 2022, 09:22:29 PM |
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I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market,
Investment in cryptocurrency and especially long term investment should take place with bitcoin instead of alternative coins, because so many of alternative coins does not have a potentiality, and that's the reason while so many of them varnish during long stays of bearish market. Bitcoin have very large potential and that's while people do like to invest in bitcoins instead of altcoins, because it's few altcoins that can not die of during long stays of bearish market, and such are Ethereum.
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Johnyz
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October 11, 2022, 09:27:02 PM |
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Cost averaging method is a good strategy during bear market since we don’t know if the market will continue to down or now, having your own analysis can help as well. Investing during bear market should be more precise and avoid any coins/tokens that you think can’t survive the bear market, not all altcoins are worth to buy choose the best only or to be more safe, go for the top 20 coins in the market and just play with them until the market recovers.
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dunfida
Legendary
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Activity: 3220
Merit: 1156
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October 11, 2022, 09:35:05 PM |
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I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
You cant precisely determined if the current top altcoins would really be outranked in a short time.This is the survival of the fittest and to those coins or projects who would really be mainly supported by the community. We know that this market is totally unpredictable, there's no way that we can tell which one would be lasting and which new coin will really be placing itself on the top.Beating up those established coins on high ranks is never been easy.Unless if a new project will really be getting soo much hyped and people do see its relevance of its utility then there might be chance but the odds or chances to see this one is not that high.
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Questat
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October 11, 2022, 09:37:15 PM |
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I self going to invest in Alts after 2024.
It was your decision. Perhaps, nobody urges you to do that but it was your own. But for me, I'll take the chance now to invest while the prices are in huge deduction but of course, it was not all for altcoins. Even if you think about investing after 2024 is safe and profitable, this won't give you the assurance as well nor you will exactly get potential altcoins. It is a matter of choosing altcoins in any market condition as thinking about earning profit relies not only on the coins we choose but also on us who manage them.
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goaldigger
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October 11, 2022, 09:56:47 PM |
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I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
Why wait for that time before you invest where you can already buy good coins at a cheaper price? I understand the disappointment on some altcoins but if we are talking about top coins here I’m sure you can see the golden opportunity to buy it cheaper. Yes, there will a new good project in the future but still no guarantee for that so better to deal with the good coins currently listed in good exchanges, you can still make good profit with them.
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btc_angela
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October 11, 2022, 09:59:08 PM |
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I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
I guess it all depends on the alt that you are investing. 1. If they are solid like in the top 10 then definitely something big might happen in the next bull run 2. But if you invest on shitcoin and meme coin and hype base project, then definitely, sooner or later they will die in this bear market and a new coin will appear to replace them. And I do agree that as much as we love some alts like ETH, BNB, ADA, Bitcoin is still the king and I would say the risk is not that big as compare to altcoins.
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bittick
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October 11, 2022, 10:28:32 PM |
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2024 you're gonna be too late since the bullish might have occurred around that year, I think that's unwise decision, there might be new good quality projects surfacing at that year but then again it was mainly caused from the bullish trend that could hardly gives you high returns at the end of the day. the thing with investing is that, you seek good entry in growing your initial capital and then make good returns out of it, the good quality of the project follows its potential in growing its values, that's what I think.
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antsam
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October 12, 2022, 07:20:12 AM |
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I don't think you can force people not to invest in Altcoins, in fact there are many people who earn money from Altcoins. Your research is not necessarily the same as other people's and it can't be forced to be the same that's why there are always the words DYOR
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kamvreto
Legendary
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MAaaN...!! CUT THAT STUPID SHIT
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October 12, 2022, 07:56:11 AM |
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bear market is not good for altcoins, even Bitcoin is still unstable. Altcoins experienced a very sharp decline because bitcoin was also down and the influence of the world economy was not good. Investing for now I recommend Bitcoin and Ethereum because they have a good future, but need to do a DCA strategy to buy gradually. Use the current reserve of money to increase the assets we have. Maybe after the halving occurs the market will improve again and reach the highest ATH again.
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KaliLinux
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October 12, 2022, 08:20:49 AM |
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There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
What do you mean by RSI? Relative Strength Index? I self going to invest in Alts after 2024.
A good time to invest. Bitcoin halving would be around March 2044. Investing around that time would be better. But I am thinking next massive price drop would be the best time to invest in altcoins, but which the coins would increase and later decrease back. All cryptocurrencies Increase and later decrease during the whole market circle however I guess we all agree that the best bet for Crypto investment is Bitcoin whether you are doing DCA or able to buy a the bottom of the market for the long term. That said, we cannot also dispute that there are strong Alts in the market that have proven their project in the past years but we investors are also eager to look at buying in New Alts because they believe that the top 20 Alts CMC might now be repeated in the next Bull market plus those looking to cash in from this new projects, but timing in investing in any of those Alts is very important.
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tvplus006
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To the Moon
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October 12, 2022, 08:40:04 AM |
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...Most Alts vanish in a bear market, the main reason is no fundamentals. ..
Investing during a bear market is dangerous with respect to any coin, if there has not yet been a market reversal. It is better to buy altcoins already when we saw the confirmation of growth. In this case, we will have a slightly higher purchase price, but it will be safer than if you try to buy every time the price reaches another low.
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Crypto Legend
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October 12, 2022, 09:21:40 AM |
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We must be vigilant if investment with a large value, what has happened to Luna, which drops from $ 85 to $ 0.00001 in a week makes many investors cry and even become stressed, always monitor assets at least once a day so that we can avoid losses or loss of money.
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