To buy or not to buy?

[Conqueror777]

The crypto market has been in the "red zone" (bearish) for quite some time now. Altcoins have been hit real hard, losing a significant portion of their value compared to Bitcoin. Uncertainty is very high right now.

It makes me wonder whenever now it's a good time to buy more alts (especially prominent alts) or should I wait a little longer? I hear that central banks will keep rates high (or raise them) due to the deteriorating economic situation. If that's the case, then crypto will continue to decline during the remainder of the year.

What do you think?

Honestly I think this is the best time to invest in alt coins, however, I am not a financial analyst.

[JamesDaniel90]

Bitcoin is expected to bottom in the next 6-10 weeks, now is the time to DCA into alts as they wont be at these prices much longer.

Alts are down 70-90% from their highs last year so these current prices are a good enough discount for me.

[dwyane36]

Bitcoin is expected to bottom in the next 6-10 weeks, now is the time to DCA into alts as they wont be at these prices much longer.

Alts are down 70-90% from their highs last year so there current prices are a good enough discount for me.

Yes, some altcoins have already plummeted so much since the end of last year that they’re now just languishing at the bottom. It’s likely that during this very period, major players are quietly buying them up, while most ordinary traders and investors either don’t notice this or have simply had their wallets severely depleted by the bear market.

[Dunamisx]

Bitcoin is expected to bottom in the next 6-10 weeks, now is the time to DCA into alts as they wont be at these prices much longer.

Alts are down 70-90% from their highs last year so these current prices are a good enough discount for me.

The more the reason for us to invest when bitcoin bottom is evident, because it's going to be a massive turnout for investors both in Bitcoin and even on altcoins, we only have to be more selective when considering some of these altcoins, because not all of them may give us the desired return upon our investment in them, everyone should take this as a good advantage to buy and hold before the market start pumping.

[justdimin]

Bitcoin is expected to bottom in the next 6-10 weeks, now is the time to DCA into alts as they wont be at these prices much longer.

Alts are down 70-90% from their highs last year so there current prices are a good enough discount for me.

Yes, some altcoins have already plummeted so much since the end of last year that they’re now just languishing at the bottom. It’s likely that during this very period, major players are quietly buying them up, while most ordinary traders and investors either don’t notice this or have simply had their wallets severely depleted by the bear market.

To be fair, it is not really that shocking to learn that these are the situations we are in, because a bear market is definitely underway for a while now. And buying some altcoins could be good, but it could be terrible too, depending on which altcoin we are talking about. Obviously not every coin will be great; the majority of the tokens are gone and doing terribly, and we should realise that it is not going to be a great deal to buy any of those shitcoins.

However, if we were to invest in ETH, for example, things would be different because that will definitely recover. Of course, even on good coins such as ETH, you never know how much it will recover; maybe it will recover a lot, maybe it will recover only a bit, but we know that it will recover. That is why it is quite important, and we should be careful about what we are dealing with. If we can do a good job, then things will be getting a lot better, but that doesn't mean that we are going to be making a great return that quickly.