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Topic: Be careful buying alts right now - page 12. (Read 10759 times)

full member
Activity: 560
Merit: 143
Active 24/7
July 07, 2022, 02:48:04 PM
During the fall of the market not all projects will be able to survive, that is why fall of the market is very risky time and it is very important to carefully evaluate the potential and prospects of the project before investing.
I don't even see any risk in this condition or in the current state of the market crash, because I see this as a very good opportunity to buy top coins or the best coins in the crypto space. Because the best coins will always survive and will never die in their current condition so buyers will benefit greatly by getting top coins at very low prices compared to last year's prices. And I mean ETH, BNB, BTC, SOL and TRX.
One needs to be extremely careful when buying  altcoins presently, they're one of the toughest risks at the Moment. Altcoins season haven't come yet, so any pump of altcoins is just a trap, imagine GMT pumping from 0.2 to 1dollar, the moment you buy at 1 dollar, it will be shocking to you how it will dip. I felt it last year when the altcoins I bought thinking that it will pump, dump heavily on me. That was then i realized that altcoins season varies. It can dtart anytime this year.
hero member
Activity: 2520
Merit: 578
July 07, 2022, 07:08:12 AM
During the fall of the market not all projects will be able to survive, that is why fall of the market is very risky time and it is very important to carefully evaluate the potential and prospects of the project before investing.
I don't even see any risk in this condition or in the current state of the market crash, because I see this as a very good opportunity to buy top coins or the best coins in the crypto space. Because the best coins will always survive and will never die in their current condition so buyers will benefit greatly by getting top coins at very low prices compared to last year's prices. And I mean ETH, BNB, BTC, SOL and TRX.
legendary
Activity: 1876
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The OGz Club
July 07, 2022, 07:04:55 AM
Personally, I always study the market before buying coins and always buy current coins that will be in demand in the cryptocurrency market in the near future. And I also recommend all my friends to buy only those coins that will be in demand and will make a profit. And also buy coins only on verified exchanges. Otherwise, you can just fall into the hands of scammers. And now when the market is falling very much and buying coins is very risky now because the price can change very much.
researching and studying carefully about the coins that we are going to buy is a basic thing in investing but not all buying coins that will be in demand and buying on a verified exchange guarantees it will be safe because we know just now what happened to terra luna so look for opportunities and sell at the right time right is the thing that will give profit
There is no guarantee even if it is an exchange that is legitimate. Being delisted from an exchange still happens, so because a coin gets listed does not mean that it is surely going to stay there in the long-term.
Once the coin dries out, say bye bye for that coin in that exchange.

A coin listed on a major exchange was considered a potential coin at the time, there is no guarantee that investing in them will always be safe. Exchanges can also delist at any time if they become useless, exchange is not a factor in assessing the potential of a coin.

Any altcoins available puts you at risk, so just do your research and invest with what you can afford to lose.
full member
Activity: 1512
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July 07, 2022, 06:51:38 AM
In my opinion I think that the best thing to do right now is just to add some of those altcoins on watchlist and keep on monitoring them until bitcoin will show the signs of sellers being exhausted, or better still buy in bit by bit during each dip, but such process is for those who intended long term hold and have the funds to do so, I still see some people buying shitcoins presale coin despite the fact that they knew that we are in bear market, some folks just love taking risk that is not worth it
I agree with you there but you know that investing in cryptocurrency is all about taking risks and some of us have a knack for taking a high level of risk because they believe that most of these shitcoins can or will blow up in price someday. There are Alts you might actually want to be buying in bits as you have said if the funds are there, maybe DCA cos there is a possibility that the price might not fall lower than we expected and you end up missing to buy much lower.
copper member
Activity: 43
Merit: 0
July 07, 2022, 04:57:44 AM

A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

Fall of the market is very risky and dangerous time for buying cryptocurrency assets. Not all the projects will be able to survive during the fall of the market that is why it is necessary to check everything to evaluate the potential of the coin.

During the fall of the market not all projects will be able to survive, that is why fall of the market is very risky time and it is very important to carefully evaluate the potential and prospects of the project before investing.
sr. member
Activity: 1302
Merit: 288
Cashback 15%
July 07, 2022, 01:28:36 AM
In my opinion I think that the best thing to do right now is just to add some of those altcoins on watchlist and keep on monitoring them until bitcoin will show the signs of sellers being exhausted, or better still buy in bit by bit during each dip, but such process is for those who intended long term hold and have the funds to do so, I still see some people buying shitcoins presale coin despite the fact that they knew that we are in bear market, some folks just love taking risk that is not worth it
sr. member
Activity: 1183
Merit: 251
July 06, 2022, 07:45:56 PM
there is always chance for further correction but regardless it still is a great chance of accumulating your investment just accumulate slowly based from the current trend.
because regardless majority of the coins have lost big share of its value so even if they regain half of their ATH valuation you already made great fortune from your investment.
so always accumulate and acts according from the current trend whether it's bullish or correction.
member
Activity: 812
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Crypto bookmaker and casino
July 06, 2022, 06:59:20 PM
The market is dip right now and as an investors we need to be very careful of the market right now because we don't know if the market is going to keep falling or wait. Anything can happen right now and if we keep investing in altcoins we might end buying coins that will crash soon. It is better to wait now for the market to go up a little before buying any coin to avoid loses.
member
Activity: 1540
Merit: 22
July 06, 2022, 05:02:17 PM
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.

So, you are worried about spending money and not getting a good enough price for your purchase? in my opinion, If we want to get the most value in the alt-coin market, you should pay attention to their movements in these days. As we saw above, Bitcoin market followed the movements of China and USA. when markets give discount prices try to some purchases with reasonable cost ratios for future use and resell.
full member
Activity: 840
Merit: 137
July 06, 2022, 04:04:12 PM
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.

You have to be extra careful to buy alt coins in the current bear market, but it is difficult to predict what will happen in the very volatile market. Even then, you should buy alt coins in a few steps by observing the market and using your previous experience. Then there will never be a loss.

The bear season is not over yet, the recent bull of some altcoins is just a trap to nail investors and liquidate their trading accounts, some have even enter future trade and start opening long positions, which is not good at the moment. For sure the market will pump back but it's all a matter of time. Let's say, those bagging more altcoins now might still be in loss because the market will examined some bear movement in the few months of the year remaining. As we all know, bear takes longer time than bull run. Market can be bullish for like 1-3days but bearish can take up to a month before retesting back to bull. 
sr. member
Activity: 702
Merit: 251
July 06, 2022, 09:05:27 AM
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.

You have to be extra careful to buy alt coins in the current bear market, but it is difficult to predict what will happen in the very volatile market. Even then, you should buy alt coins in a few steps by observing the market and using your previous experience. Then there will never be a loss.
copper member
Activity: 87
Merit: 0
July 06, 2022, 07:26:43 AM

A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

Fall of the market is very risky and dangerous time for buying cryptocurrency assets. Not all the projects will be able to survive during the fall of the market that is why it is necessary to check everything to evaluate the potential of the coin.

During the fall of the market it is possible to buy tokens for the best price and have maximum profit from investments but it is very risky time too because not all the projects will be able to survive and the price of the tokens can fall to zero.
sr. member
Activity: 1386
Merit: 326
Eloncoin.org - Mars, here we come!
July 06, 2022, 05:15:11 AM
I recommend Don't buy for a few months now because the situation is getting worse ... Because there are more and more dangerous exchange hacks in the bear market, then it is better to settle down and then buy usdt or any stable coin ... if you still want to  but then Busd or Usdc is best ... And put it in the wallet to take entry in right time.
copper member
Activity: 124
Merit: 0
July 05, 2022, 08:16:31 AM

A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

Everything requires knowledge. To be successful it is necessary to study.
But fall of the market it is very difficult time for all the people because many people stop investing at all and sell their assets.

Fall of the market is very risky and dangerous time for buying cryptocurrency assets. Not all the projects will be able to survive during the fall of the market that is why it is necessary to check everything to evaluate the potential of the coin.
hero member
Activity: 2492
Merit: 582
Leading Crypto Sports Betting & Casino Platform
July 04, 2022, 09:56:53 AM
The journey won't be a straight line, so for anyone who can be patient and play along will benefit from it. If you are buying now then be sure to wait for or buy more at certain average prices. Truly the bottom is not here yet, so it's better to careful and watch the price movement.
It's too important that we know how to analyze the market movement but buying while the price is low without waiting for the bottom isn't a bad decision because it's still good for a long-term investment. You could still gain a good profit when the market recovers. Things will depend on our target profit and investment time frame.
I think that analyzing is important if you're into much shorter terms like for example if you are a trader but for someone that is into longer terms, they can just buy and then hodl without needing to worry what can come in the next days/weeks. I don't know if what is that true bottom they are looking for when it's clear that we are now done with that phase. Right now the price have recovered and is getting stable in preparation for the bull run.

The lowest we got last time was in the range of 15-16k and that must be the bottom. I thought op warns us because of the scams happening around but it was only the price that he was going to talk about, oh well.
sr. member
Activity: 1890
Merit: 252
The OGz Club
July 04, 2022, 04:17:02 AM
The market condition  is very hard right now so though to predict coin price. Now best option is to buy to most valuable coin. Many new project failed their own goal early. So you can buy most valuable coin and hold long time i hope you will be get goof profit from it.
That's true because if you look at the current market conditions I think the most rational choice is to buy or invest in the top coins,
it is much safer and on the other hand for long term investment top coins being the right choice,
because when we invest in a new project it will be more risky
copper member
Activity: 184
Merit: 0
July 04, 2022, 03:39:37 AM

A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

To be successful in cryptocurrency investments it is necessary to study and learn the market.
It is necessary to understand how the market works to earn money on the cryptocurrency market.

Everything requires knowledge. To be successful it is necessary to study.
But fall of the market it is very difficult time for all the people because many people stop investing at all and sell their assets.
legendary
Activity: 2002
Merit: 1016
July 03, 2022, 06:33:30 PM
Altcoin investments is very very dangerous this time because of cryptocurrency falling and rising the following of cryptocurrency is not something someone go to the market and buy any outcome that does not have value. If you are to invest in what can be a good altcoin to invest is those ones that I have name like bitcoin cash ripple coin and ethereum.

When it comes to Ethereum, it is definitely a very forward-looking investment. Unfortunately, when it comes to Bitcoin Cash and Ripple, I am afraid that these two projects will not be able to appear in the mainstream market.

member
Activity: 868
Merit: 38
Join hands and help me to grow everybody...
July 03, 2022, 06:28:30 PM
Altcoin investments is very very dangerous this time because of cryptocurrency falling and rising the following of cryptocurrency is not something someone go to the market and buy any outcome that does not have value. If you are to invest in what can be a good altcoin to invest is those ones that I have name like bitcoin cash ripple coin and ethereum.
hero member
Activity: 2786
Merit: 606
July 03, 2022, 05:23:03 PM
And ever since, the majority of these altcoins had lost their value more than Bitcoin and this is the fact that investing in Altcoins is too risky. However, in the case of the bear season, taking the chance on buying potential altcoins like ETH and Sol seems ideal as to know that they will recover fast as to the moment that Bitcoin will be rallying high again. But then, I won't encourage people to allocate more of their funds in altcoins, it should be going to Bitcoin.

We should be technical enough upon choosing projects for investment where TA and FA are very important.
That is the risk you take when you invest in alts. When it is the bull period, I have seen people do stuff that would be crazy, like I have seen people actually do insane levels of stuff where it would be 100x or even more profits. Because it is bull month and that makes sense and you end up with making that kind of return. I once saw a dude turn a few grand into millions, that is what the bull month is capable of.

However, when you are in the bear period, you could always have 90%+ returns, and that is why it is risky to keep your money in alts when we are in the bear market. Put it all on btc first, when things start to go up, use those profits to do something.
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