Bitcoin moved a bit to $22k and then we're again looking to stay to $21k. Yeah, this could be a fake recovery but this is better than no recovery at all. Some alts have moved together with this motion of bitcoin while the rest are still experiencing the downside of being in a bear market. This will take really long and we don't know on how long this is going to stay for a while. If you're into unknown and uncommon altcoins, you really have to be careful if you're the type of investor that's been into alts for long and you know how to play along with their market, just wanna say good luck to you!
I will advise you not to invest all your capital in altcoins in this bear season because their price will still decrease more for people to continue holding before the end of this year 2022. This season is to allow all the altcoin investors to buy as much they want and hold for a brighter future because there are a lot of incomes long term investors will earn from altcoins investment next year. Based on some signs we are experiencing from the community showed, it will be difficult for altcoin price to increase higher in this season.
It is indeed very risky to invest in altcoins during a bear market like today, especially if we are interested in investing in shitcoins, the possibility
that we will lose money is very large. Therefore, if we really want to invest in altcoins, make sure we choose top altcoins. Even then, don't use
most of our capital to invest in altcoins. My advice is to only use about 30% of our capital to buy altcoins, and 70% of the capital we have
we should definitely buy Bitcoin. Because Bitcoin is the safest choice to buy during a bear market.
Then for the altcoins that I would most recommend buying in a bear market situation like now are ETH and BNB. Both are indeed proving to be
the best altcoins for now, so if we can hold ETH and BNB in the long term it will be very profitable in my opinion. Because the future of
ETH and BNB is very bright, both of which have a very good development team. No wonder the demand for ETH and BNB is also very high right now.