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
we can compare the advantages of investing in a bear market compared to delaying the market until it is half stable, especially in altcoins that have good potential in the future. Long-term traders will definitely take advantage of sharp decline situations and have extra research on the coins they buy 
Topic: Be careful buying alts right now (Read 10829 times)
Buying Altcoins always must be vigilant, the opportunity to be a scam long ago also happened, I once invest a lot of ICO or IDO and after some time it turned out to be a scam, the famous and made me a big loss was the Centra Card that was open ICO in 2017 by making Floyf Myweater became an ambassador and not long after ICO was finished, it turned out to be a scam.
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.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.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.
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.
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.
Yes doing research before buying any crypto project is very important so that we will not make any mistake of going for the wrong coin project or project that will end up not doing well in the market. Since the market is very competitive and more of rug pull, we need to study and take diligent research before we end up buying coin that will not give of the kind of profits that we need from the market. 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.
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.
Buying Bitcoin is also as risky ask buying these altcoins too. The market condition right now is not predictable and incurring losses isn't attached to just altcoins investment now. In fact, the most performing cryptocurrencies in term of prices right now are these newly created altcoins such as TDOX, Dogechain and so on
Regardless of any trend, anyone should always be cautious about buying coins.
Being cautious is good, but this should not stop you investing at the right time. When your plan is to profit, make use of the opportunity. Unlike the market it is good to invest on leading altcoins, if you have the ability to hold long term.Don't risk money on something just a product of hype. Don't also just follow or copied anyone's portfolio.
Agreed, always go with the trusted list. Just on hearing some multiplication don't make an investment.If in doubt about what coins to buy, always stick with Bitcoin, trust me.
Bitcoin always the best, but having a diversified portfolio is better in all means. This will ease out overcoming the losses when market prediction turns wrong.
I would look at those projects to be on the safe side.
1. Unibright (Enterprise adoption)
2. Mover (Card and saving)
3.PhantasmaChain (Layer one gaming platform)
4. Unfederal Reserve (Borrow and lending)
5. Matrix (Artificial intelligence)
1. Unibright (Enterprise adoption)
2. Mover (Card and saving)
3.PhantasmaChain (Layer one gaming platform)
4. Unfederal Reserve (Borrow and lending)
5. Matrix (Artificial intelligence)
Don't risk money on something just a product of hype. Don't also just follow or copied anyone's portfolio.
Money are also made from the hype but you just have to be wise about it, and don't think invest all your money in one project even though they seems legit because anything can happen at anytime. People didn't believe Luna will crash as it did even though many experts warned about the algorithm system Luna was using to keep their stablecoin at one dollars. Everyone's that invested in Luna lost and those also holding their savings in the UST stablecoin also lost but those who has other assets will be okay.
This is because in future, the other investment could increase and give them some profit go cover the lost they have experience form investing in Luna. Every altcoins get hyped and this hype is what bring in more investors without the hype, the projects won't be known.
Regardless of any trend, anyone should always be cautious about buying coins.
Don't risk money on something just a product of hype. Don't also just follow or copied anyone's portfolio.
If in doubt about what coins to buy, always stick with Bitcoin, trust me.
Don't risk money on something just a product of hype. Don't also just follow or copied anyone's portfolio.
If in doubt about what coins to buy, always stick with Bitcoin, trust me.
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.Yes, that's right, so I think if the market is bearish, this is a good time to buy, because we don't know if there will be a deeper decline or not. and also we will never know when the bull market will come, so don't let us miss this moment. so basically don't buy late when the market is bearish.
Buying altcoins is really profiting, and for the same we need to keep ourselves updated as well as learn how to find the worth and the planned progress of the project. This is for new projects that are aimed to be launched. In recent days few trusted projects have airdropped and a large number of users have profited good out of it. When we prefer to invest on the altcoins that are already in the market, the risk is low and we need the patience to experience profit along with the complete market progress.
Out of all, I would say at the moment, QNT is the safest bet, I converted everything I had to QNT
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.
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.
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. 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. Jump to: