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Topic: Be careful buying alts right now - page 17. (Read 10829 times)

full member
Activity: 944
Merit: 101
PredX - AI-Powered Prediction Market
June 25, 2022, 04:34:13 AM
#75
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.
Thinking about what the altcoin profits have brought as well as the risks that will happen, I think this is more fair and it helps this market to balance and develop sustainably. In the past period we have seen severe price drops and collapses in some cases, but basically I am a long-term participant in this market, so losses or profits are also frequent. So at the time when I felt it was necessary to buy some things that I loved, there was no need to worry about things around me. I was envisioning a future I was envisioning.
sr. member
Activity: 1526
Merit: 255
June 25, 2022, 04:20:30 AM
#74
The current number of cryptocurrencies is more than 20k, every day comes around 50 new listed, this is because to make coins or tokens very easy, of course the opportunity to rise when there are coins or tokens are very difficult because the competition is very tight, the developer prefers to make a new project Instead of developing old projects that are almost dead so we must be aware of any condition.
hero member
Activity: 2282
Merit: 659
Looking for gigs
June 25, 2022, 02:20:19 AM
#73
This is why we do not go all-in for these altcoins, and Bitcoin isn’t an exception as it has more dominance and volatility than any other coin or token in the market. As of now, yes I am trying to be careful in buying alts. I am now more focused in doing DCA for Bitcoin and soon for Ethereum once my monthly average income increases.
full member
Activity: 854
Merit: 100
The OGz Club
June 25, 2022, 01:46:03 AM
#72
It's not unusual for each person to give their own view of this market, but do well with the strategy you are thinking about using in this market. I don't have to be too traumatized by the stages of the market, because, in fact, I always see different opportunities at each stage of the market. It is possible that many people do not properly understand investing in this market, causing them to lose money and obsess over it.
That's true because of course everyone also has their own analysis related to the market,
maybe that's because we know for ourselves that whether it's trading or investing in the crypto market it's not an easy thing and it's very complex too,
indeed basically before deciding to invest in crypto it is very important to learn and understand it first
full member
Activity: 783
Merit: 108
June 25, 2022, 01:39:01 AM
#71
It's not unusual for each person to give their own view of this market, but do well with the strategy you are thinking about using in this market. I don't have to be too traumatized by the stages of the market, because, in fact, I always see different opportunities at each stage of the market. It is possible that many people do not properly understand investing in this market, causing them to lose money and obsess over it.
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino
June 24, 2022, 11:51:37 PM
#70
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.
If we see on the chart shown by the bitcoin price movement during the current downside phase, it seems that bitcoin is very difficult to move higher above the $30k level so there is a possibility that at this phase the bitcoin price will only stay at $20k-$30k a little longer, maybe at this time it would be very risky to buy with altcoins because it is possible that the market price will continue to experience correction so I think for now it is better to keep assets with stablecoins while waiting for the market recovery to occur.
jr. member
Activity: 840
Merit: 4
June 24, 2022, 11:32:05 PM
#69
I think so too. Probably a bear trap or something in that guise. Even the Fear and Greed meter is still hitting 11 which is pretty gloomy. I may buy some tokens but It's going to be on DCA levels, not an all-in thing
member
Activity: 744
Merit: 10
Syntrum.com
June 24, 2022, 11:26:37 PM
#68
I still remember when the price of Ethereum in 2017 reached $1000 USD and then dropped to $100 usd in 2018, maybe a situation like that will happen again, but no one knows when the price will go down, because nowadays crypto investors are smart in managing assets that they have with many things such as staking and farming, of course with the aim of long-term investment
hero member
Activity: 3010
Merit: 666
June 24, 2022, 06:07:30 PM
#67
It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.
It is the question of why people can afford to buy ETH $1000 but are afraid to buy at $900? I don't know what is in their mind, maybe it is because they have been discouraged by so many people pretending experts. Buying potential altcoins now is a smart idea. Many people got wrong about the situation, in fact, this bear season gives us the opportunity to buy them at a cheaper price. Apparently, we have had this situation before, many had thought the market crash and rejected to buy but what they got is all about regrets. I'm still thinking of the same scenario, many were still in the same feeling because of doubts and worries.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
June 24, 2022, 05:58:39 PM
#66
I think no one knows for sure the exact time that the bearish gonna be lasting. These could be fake recovery or it could even means bullish is near, otherwise if someone could know the exact time they would've been the next warren buffet.
Instead I think the current moment is fine for accumulation, even if the trend of bearish still goes on and the correction is still coming, you could just accumulate slowly and also waiting for the right timing.
Even like that once the real recovery comes, your investment still gonna results in big ROI.
hero member
Activity: 2170
Merit: 530
June 24, 2022, 05:51:57 PM
#65
The weekend has arrived, if we want to buy, then wait for the weekend, the market movement will be seen in which direction for next week so be wise in making purchases on the weekend because fake recovery can occur on the weekend so it's better to wait for now the right way to buy Crypto assets especially the bear market will not necessarily end this month because Q3 is coming soon.

I always hate weekends because my assets gets the price low, but now I am used to it now. But we should be careful every time we want to buy a new one, not all projects will still be able to get back on the track after this bear market, so even though we will buy alts on weekends it is not quite sure that in Q4 it will pump enough.
full member
Activity: 1134
Merit: 167
June 24, 2022, 05:31:15 PM
#64
Same here, as an investor, you have to be careful before making a decision, whether it's investing in crypto or managing your finances. I think the current bear market is still going on. I watched the market chart in the last month, especially since the beginning of June until now the bitcoin price is still stable in the range of $20k - $21k.
even though at this time many crypto assets might be said to be very cheap because they lost very high prices but we still have to be careful in investing because when the market recovers sometimes they don't have a strong recovery and tend to lag behind bitcoin movements, invest in altcoins which may be said to be safe is the best choice such as ETH, BNB and others
full member
Activity: 1134
Merit: 167
June 24, 2022, 05:26:53 PM
#63
The weekend has arrived, if we want to buy, then wait for the weekend, the market movement will be seen in which direction for next week so be wise in making purchases on the weekend because fake recovery can occur on the weekend so it's better to wait for now the right way to buy Crypto assets especially the bear market will not necessarily end this month because Q3 is coming soon.
the weekend is the end of the real price trend because when you see the market decline, the steeper it is when it's approaching a holiday or weekend even though this assumption is not 100% correct but in fact this often happens...
for now the market can still have a chance to go down because it is too early to see the market recover
full member
Activity: 396
Merit: 106
June 24, 2022, 12:19:07 PM
#62
I think a lot of people are stuck in this state they call it a fake bull. but if you can take advantage of small moments in a bear market with scalpers it seems like a lot of fun. With that, even in a bear market, we can make a profit even if it's small. But this is too risky we should not stay away from the portfolio for long, the market is really unstable when bearish.
Yes, being scalpers by selling or buying under the high voilate of the market is seen as more optimized for this sideways market. The worse thing that could possibly happen to you is being a long term holder which really not bad.
copper member
Activity: 109
Merit: 0
June 24, 2022, 11:23:34 AM
#61

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

The fall of the market is a good time to buy new tokens for the best price.
But it is necessary to be very carefully and check everything because not all the projects will be able to survive during the fall of the market.

It is very important to check everything before investing. But usually during the fall of the market people check everything more carefully than during the rise of the market.
member
Activity: 83
Merit: 11
June 23, 2022, 12:02:12 PM
#60
Same here, as an investor, you have to be careful before making a decision, whether it's investing in crypto or managing your finances. I think the current bear market is still going on. I watched the market chart in the last month, especially since the beginning of June until now the bitcoin price is still stable in the range of $20k - $21k.
copper member
Activity: 117
Merit: 0
June 23, 2022, 10:03:03 AM
#59

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

The fall of the market is a good time to buy new tokens for the best price.
But it is necessary to be very carefully and check everything because not all the projects will be able to survive during the fall of the market.
sr. member
Activity: 1904
Merit: 256
Vave.com - Crypto Casino
June 23, 2022, 09:02:51 AM
#58
I think a lot of people are stuck in this state they call it a fake bull. but if you can take advantage of small moments in a bear market with scalpers it seems like a lot of fun. With that, even in a bear market, we can make a profit even if it's small. But this is too risky we should not stay away from the portfolio for long, the market is really unstable when bearish.
full member
Activity: 548
Merit: 168
Play Bitcoin PVP Prediction Game
June 23, 2022, 08:53:46 AM
#57
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.
In my opinion bear market just started. It will stay for many more days and even years. So buying Altcoin now may be regrettable later. The market will fall more than the recovery. So we should wait a few more days to buy Altcoin.
eventhough its drop again , i am believe maybe around $15k we will see hard bounce for bitcoin or altcoin. at this moment selling pressure still look strong and buying using leverage could liquidated if we didnt use proper risk management. actually altcoin near monthly support which is for long term it was good level.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
June 23, 2022, 08:03:28 AM
#56
Buying in parts could be a good idea if undecided.
For many investors, this looks like the bottom of it and I feel them as the purchasing urge may be coming. So I suggest buying in different parts to avoid full regrets. The bottom of Ethereum at the last bear was $230 if I remember correctly and I doubt it will come to that point again.
$1,100 for Ethereum (time of posting) is still too far from the last ATL but it's in a good position for buyers who are in a rush. You could be in the middle of everything and if the plan is long term then it's a good buy.

Agree! if you are planning for long-term investment, if this asset serves as a preparation for your retirement that kind of mindset will allow you to wait and hold, there are many other alts that you can pick and like what you are suggesting if you look from the last time low there are still chances that we can experienced this same scenario and then again the market will return and bring the strong bull back on track.

More on your own understanding and your own knowledge when you pick your side investing your money.

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

It's better to check those coins before you invest, coingecko and coinmarket also allows you to do deeper research, if you have more time you can locate or sort the right asset base from how you understand the usages and the potential value of the coin that you are eyeing, utilizing the avenue of every resource can help you a lot to avoid losing your money.

Buying a coin should always be done with deeper research. Picking the right assets depends on how well the team and community  behind.
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