Topic: Be careful buying alts right now - page 14. (Read 10838 times)
This is true now is not the right time to be buying altcoins thinking that the bear market is over.This is just a slight market recovery and I think the market will go bearish again.Nobody can tell when the bull market will return so it is better to play safe with your funds.
Buying Altcoin and Bitcoin certainly has the opportunity to lose, this has happened since Bitcoin is present at Exchange, there is always an opportunity to lose money, especially since the current market conditions are increasingly difficult and the number of scam projects that add to the image of cryptocurrencies is getting worse.
I doubt there is more alts scam when the market is being like this. I mean you have to realize there are now new flow of money and investors. No enough to keep the old alts running hence price keep going down across all coins.
Yes you told right because i also think market still in down train. So altcoin also will down it is normal matter. If any one buy any altcoin right now i think it will be very risky and his fund will go in danger jone. I think it will be better to wait for market stable. And when market will up train then that time will better for buy altcoin, otherwise fund will be fall in risk. So everyone should careful and avoid to buying alts right now.
If you have decided to buy altcoins at the current price, you should be prepared for the fact that the price will continue to decline and you will hold a losing position. And in the case of a continued decline in the price, you should have enough stablecoins left to get a good average position by buying altcoins at a low price.
That's what everyone in this thread is thinking. But the market has taste for doing the opposition when everyone is so sure about it. I think we've at nearly the bottom, even if it falls, the overall trend will be bound back.
Being careful with what cryptocurrency to buy on invest into nowadays should be limited to just the altcoins but also the Bitcoin. The Cryptocurrency general market keeps swinging to direction none can even predict, not even the so called experts in the field. That's why everyone should be careful and invest only the funds one can afford to lose.
Actually our caution begins when we get to know the world of this cryptocurrency. Yes, how can we not, we are faced with two contradictory things, profit and loss. Now the difference is that we are more careful because we are faced with a market that cannot be said to be okay. Of course there is a very high risk, to lose maybe not but we need more time to wait.
Buying Altcoin and Bitcoin certainly has the opportunity to lose, this has happened since Bitcoin is present at Exchange, there is always an opportunity to lose money, especially since the current market conditions are increasingly difficult and the number of scam projects that add to the image of cryptocurrencies is getting worse.
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
Falling of the market is very risky time for all the markets, because not all the projects will be able to survive.
The more longer will be the fall of the market the less projucts will be able to survive during such fall.
Cryptocurrency market always risky. Many people lost money on cryptocurrency. But during the fall of the market it became much more risky.
It is very difficult time for all the projects.
Being careful with what cryptocurrency to buy on invest into nowadays should be limited to just the altcoins but also the Bitcoin. The Cryptocurrency general market keeps swinging to direction none can even predict, not even the so called experts in the field. That's why everyone should be careful and invest only the funds one can afford to lose.
Buying Cryptocurrencies certainly has a big risk, of course we still remember what happened with Luna, the price of dropped 99% in a week and making Luna's price now there are 4 zero behind the comma, anything can happen and this is the importance of doing dyor and understanding with risks.
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
There are too many cryptocurrency projects but only the useful projects will left.
After the fall of the maket will be able to survive only the best and most useful coins.
Falling of the market is very risky time for all the markets, because not all the projects will be able to survive.
The more longer will be the fall of the market the less projucts will be able to survive during such fall.
Many of us will have trouble thinking that ETH will hit $400 or $700. But nothing is impossible in cryptocurrency. After the bullrun of 2017, many of us did not think that ETH would go never below $100. But the reality is that ETH has been below $100 for a long time. However, ETH hit $880 during this bear market and I hope this is the bottom value of ETH during this bear market.
I don't think Ethereum's $900 hit is the bottom of this bear market. I think Ethereum will go below $400. Because it may take years for the next bullrun to come. And so long the crypto market will continue to go down slowly. So those who want to buy Altcoin should wait longer.
to get to $400 I guess that's too deep for Ethereum. it will be difficult to reach new ATH in the next bull season.The decline will be gradual. there will be a small bounce that looks like a strengthening of the market. but that won't prevent the market from falling deeper.
Eth's potential downside I don't think will be more than $700. if that figure hits even if it goes deeper, the market may be in its worst season. I don't want to see that happen.
I think we need to always be careful on buying not only today but also in every season or market condition, not all alts are affected of bear market during bear season and not all alts also affected during bullish season. Because everything depends on the projects backgrounds and team behind it together with the developing team. That is why expert always says always do your own research for good.
I agree because in bull market, even bad project find a way to raise their price but we need to make sure we check the background of project and not only focus on the price trend of last weeks.
I think we need to always be careful on buying not only today but also in every season or market condition, not all alts are affected of bear market during bear season and not all alts also affected during bullish season. Because everything depends on the projects backgrounds and team behind it together with the developing team. That is why expert always says always do your own research for good.
To invest in crypto you have to choose a specific time and you have to choose the right token.
And that time is now wherein the market is bearish. Coins are cheaper compared to the price before. Though we cant say how long this bear market will last, but certainly its the time to buy top coins. Its way safer to buy top coins because they're unlikely to be delisted on exchanges and will recover if the market turn better. Its because this situation also happened before and these coins who are existing for years already, managed to survive the bear season.In return, there will be plenty of people who will lose money because things that gets delisted will get lower and lower, the less places a coin is listed, the more it will drop and eventually that would be a loss that could take years to recover, or may not even ever recover.
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.
Its hard to consider that this bear market is now set to an end, there are more price downtrend along the way and that will all be possible as long as the market has not recover yet. However, regardless of how bearish or even bullish the market is, investing in altcoins will always bring high risk as the altcoins are always known as the playground of all scams. But if someone really want to invest and push through with altcoins, always chose those old and established altcoins as they have proven their worth in the market for long.
Investors should really be careful investing in altcoins high now due to the high level of market crash, the market right now is in a bear condition and won't be favourable to any investor because the altcoins are not really volatile for now, only the Bitcoin and Ethereum portrays a high level of volatility in the market from my own perspective while altcoins are stagnant so investing in then will be a total waste of money because it'll take only experts to benefit from it, and all chats right now are in downtrends so there's more possibility of losing than making profit, my kind advice to newbies is that we are still in the bear market and it is not yet over till Bitcoin and Ethereum are ready to face the moon, we'll still be in massive dip, not Asif nothing good can come out of the bear market right now but my advice is newbies should be more careful, but experts can go in
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$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
It could be that what you say is true, that the bear market is not over for now, but so far it is possible to buy potential coins, such as Ethereum, BTC and BNB, because the price comparison under normal conditions is quite far, so we can convert these purchases, if the market has returned to normal, and these purchases will also provide a very large return, if you and they make purchases at market conditions like now
It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
Basically Altcoins depend on Bitcoin, As of lately we know that bitcoin get down form approximately 65-70% form its ATH and at the same time altcoins get down 90-95% so it is very easy to mark out that altcoins are risky at the moment as the market is not stable yet. If bitcoin price decrease more then altcoins will be affected. So your assets your decision but we also know that "no risk no gain" So buy some altcoins right now which are most potential coins in the current market. We should be technical enough upon choosing projects for investment where TA and FA are very important.
It's important to weight your decision making the market is unstable and the chance of quick dump and bounce back can hit you with one mistake, be very careful in analysing your investment, there are many available project that you can pick as long as you are following the development of the coin, maybe some of those alts will bounce and rally high while others will be forgotten and die along the way.
You need to be wise and practical when choosing what best alt to invest, be ready and make sure that you can handle the pressure.
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
Cryptocurrency investments always risky because cryptocurrency is very volitile. But during the fall of the market it is possible to buy cryptocurrency for the best price.
The most important is to evaluate the future potential of the coin.
There are too many cryptocurrency projects but only the useful projects will left.
After the fall of the maket will be able to survive only the best and most useful coins.
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