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ufaiz50

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Quote from: kesmex on May 14, 2022, 09:47:55 AM

Whatever the market conditions, I think doing research and analysis is an important and mandatory thing to do,
because when we make decisions without doing these two things it's too risky and highly discouraged,
much better to minimize the existing risks

You got it on point. That is why some people came up with the decision to buy, even with the most crucial time in the market and stage of projects, because market analysis and research are somewhat overlooked before doing so. If only this basic principle could be practiced rigorously, then every move would be educated and calculated upon some real basis.

Nrcewker

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

That’s very much normal to be honest.
This has always happened, and this time too i have seen many reports regarding the same.
The altcoins were always in search of this time when the bearish market will hit hard to all the investors.
Then there will be many promotions, and marketing about the coins, about buying it in this time and getting huge profit later.
It’s always advised to choose the coin that you have personally analysed and got some info about.
Rest it’s always your money, so at last only you will be responsible for the investment you have done.
So as always be careful.

Kunnu

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Probably people are falling in temptation by the current market conditions and investing their money in useless altcoins because they think whenever market will be bullish there will be a massive altcoins really which is not going to happen overnight if it happens then only quality altcoins have higher chances to grow the rest are not capable to survive personally I think this is not the right time to invest in altcoins according to my estimate there will more down trend of crypto currency market so it's better to wait for right moment.

bestcoins1

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Quote from: kurniawan05 on May 14, 2022, 08:59:23 PM

For altcoins in the current bear market, they prefer altcoins that already have products and are useful for many people, or new altcoins but have a clear roadmap, team and target, but caution must be prioritized.

It would be better if for now don't immediately choose a new altcoin because in current market conditions, let alone new altcoins, old altcoins that already have clear products can be very difficult to survive and increase, especially new altcoins that still require a lot of money support in general, it will definitely be more difficult to develop because the developer still needs a lot of investors and the cooperation with the company is already very strong.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: kurniawan05 on May 14, 2022, 08:59:23 PM

For altcoins in the current bear market, they prefer altcoins that already have products and are useful for many people, or new altcoins but have a clear roadmap, team and target, but caution must be prioritized.

Those are few in number that have any utility in the market and are helpful to a person who owns them. New altcoins are mostly not having a clear roadmap or a generic one which is only a placeholder, to be changed every few months until finally the project decides to stop doing anything and ghost its investors. That is the reality of majority of shitcoin out there, investing in which is a sure shot loss unless you are able to dump as the pump happens. Very risky indeed and not recommended to any newbie reading this.

Buy when there is a chance to buy, but buy reasonably good coins that have a track record and have been time-tested. Not the shitcoin that some random creep on telegram told you about.

yazher

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Yeah! I was close to falling into this kind of trap because they know what they're doing when they promote those shitcoins and have all the notes to fool their investors. You guys better be careful because these people will not gonna be the same once they get what they want they will gonna disappear and they will not answer your questions on their Telegram. We have all the right to turn down their offers so it's better for us to be extra careful and ignore everything they offer.

kurniawan05

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

For altcoins in the current bear market, they prefer altcoins that already have products and are useful for many people, or new altcoins but have a clear roadmap, team and target, but caution must be prioritized.

WalkerIVIV

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just buying either BTC or ETH is always the best option, you just couldn’t get wrong with this two major coin because they are already proven to be reliable.
unlike certain coin that gets a massive correction, BTC and ETH have been through so many bearish and bullish that you could almost be certain that these two coin, even if having massive correction, will eventually going back.
the rest of altcoin just sometimes doesn’t have that reassurance, so it’s better be careful specifically in such harsh market like the current market because anything could went wrong and your investment portfolio could become the next thing that gets “corrected”

DanWalker

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

When the market plummets most coins will drop very deeply and I have seen many people calling this a good time to buy because of the price drop. That is indeed true if we are trying to fill with bitcoin but it is very risky if you choose altcoins or shitcoins. Many alts will not be able to bounce back from a strong bear market, as the recent crash of Luna proves. Was rated as a potential top 10 coin on coingecko but it was completely dumped in 4 days from ATH of $119 and current price of $0.0004. This is the end for Luna. When the market goes down, only bitcoin and bitcoin are worth buying, be careful with the rest.

sulendra12

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

It's not even in this bear market, even in normal market we have seen quite similar projects using this kind of bait to scam and attract more blind investors to fund their robbery. If there are unknown projects out there claiming to be one of those, then just make sure to do some research first and don't invest it blindly for your own sake.

bhooscream

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

It's always like this, there will be many new projects that give very high promises, say that they are the next ........ they will be to the moon.. they will be the most promising projects in the future ....... there will be a pump price of new project coins or tokens to attract newcomers. And finally, they are falling and becoming shit and dead coins Always the same cycle.

Quote from: Reid on May 12, 2022, 10:00:19 AM

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Mistakes become a very valuable experience and lesson that we can take for better future implementation and consideration. Glad that you have realized and been aware of this. That is why we can learn from the past.

passwordnow

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

As they say, "don't catch the falling knives".
That's the suggestion that I've been telling to my friends but they seem to be persistent and no one can stop them from this dip of buying those altcoins that keep on dipping. Well, it's their money and they can buy anything as they wish and as they want. As long as I've given them advise that do not catch it and if they succeed, that's their fortune and work but if they don't, then they have to learn from that experience.

max6575

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buy as there blood on the street.

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Oasisman

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Quote from: Fesatmas on May 13, 2022, 10:15:23 AM

Quote from: ufaiz50 on May 13, 2022, 08:58:03 AM

~snip~

Anyway we have to find out what is going on so we can at least know when to go in and buy some bitcoins or altcoins.

What do you mean "find out what is going on?" Do you mean finding out the cause of this bleeding of crypto in the market?
Well, that's basically people are dumping their bags, there is a massive sell out. That means there were more people selling than buying. Just simply look at the chart and you can draw your own conclusions based on the market sentiments. That way you'll have your own idea when to buy and when to sell.

Tony116

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Quote from: RussianEnglishTranslation on May 13, 2022, 07:37:39 AM

Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

I don't understand your argument here. You should be buying undervalued cryptos right now, like ICP and FTM, if you want to get rich, which you will when they return to their previous ATH.

It is true that the bear market is an opportunity for us to buy cheaply our favorite coins but let's not forget when the bear market and bitcoin drop too deeply, many coins just can't continue. OP's point is just warning people, in a bear market if you want to buy do your research and don't buy without doing your research. Even the top coins can die during bear season.

Cling18

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

This is actually happening these days where people are buying different altcoins which are just being hyped without even doing research. Not because it's on trend it doesn't mean that a coin has the potential to reach a good price when the market recovers. Doing research will always be a good way for you to determine if the coin of your choice is worth buying this dip.

kesmex

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Quote from: ufaiz50 on May 14, 2022, 08:36:57 AM

Quote from: Fesatmas on May 13, 2022, 10:15:23 AM

True, buying in stages would be the best option in this bear market, because it would minimize risk compared to buying all at once. Anyway we have to find out what is going on so we can at least know when to go in and buy some bitcoins or altcoins. It's just that I personally will not buy altcoins that have a high risk.

Yes, definitely my point. I also think the same, I won’t risk my chance and assets into something that is too uncertain and could lead me to lost. And it would even riskier to just buy abruptly without even doing research and analyzations of the current market conditions.

Whatever the market conditions, I think doing research and analysis is an important and mandatory thing to do,
because when we make decisions without doing these two things it's too risky and highly discouraged,
much better to minimize the existing risks

Metroid

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Only idiots are buying luna right now, let them lose their money, this project as it stands is the perfect pump and dump for scammers.

ufaiz50

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Quote from: Fesatmas on May 13, 2022, 10:15:23 AM

True, buying in stages would be the best option in this bear market, because it would minimize risk compared to buying all at once. Anyway we have to find out what is going on so we can at least know when to go in and buy some bitcoins or altcoins. It's just that I personally will not buy altcoins that have a high risk.

Yes, definitely my point. I also think the same, I won’t risk my chance and assets into something that is too uncertain and could lead me to lost. And it would even riskier to just buy abruptly without even doing research and analyzations of the current market conditions.

Jackl87

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

For me a deep and long bear market is the best opportunity to invest into crypto projects that i would not normally invest in because early investors already made a x100 or even more on their initial investment. That is the reason why i usually don't buy any tokens of the big projects like ethereum, polkadot, solana, cosmos and so on, but after a long bear market those projects could be in my buying range again. At the moment we are still a bit away from that to be honest but we will see where this bear market is heading and if it is over again pretty soon or if we will have more bloody months to come. Investing into very small projects is dangerous now though as there is always the chance that they won't survive a long bear market.

Pamadar

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Quote from: TheUltraElite on May 13, 2022, 10:22:08 AM

Quote from: RussianEnglishTranslation on May 13, 2022, 07:37:39 AM

I don't understand your argument here. You should be buying undervalued cryptos right now, like ICP and FTM, if you want to get rich, which you will when they return to their previous ATH.

Nobody is telling you not to buy them, if you have faith in these coins and you feel their vision is justified to make profits in future, by all means go for it. Just that we long timers know for a reason that newly launched coins rarely end up in the top 10 and usually spend years in the dump before getting either abandoned by its owners or just plain forgotten.

I would go for bitcoin at this time and since I already got my target buy price triggered once, I am now waiting for the market to either go down a lot or go big, because I know that it will be back up 10x of what it went down with.

Rest is upto you, everyone here is old enough to read charts and make their own decisions.

That final words are the one that is very crucial, it's up to your own judgement in terms of following and supporting certain projects.

If you believe that there's a chance then go for it, nothing should limit you from deciding for your investment, it's your money
that you needed to protect and with the earn knowledge that you have, this crypto industry will always depends from how you
understand and how you will take each risk that will be accompanied by your actions.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: RussianEnglishTranslation on May 13, 2022, 07:37:39 AM

I don't understand your argument here. You should be buying undervalued cryptos right now, like ICP and FTM, if you want to get rich, which you will when they return to their previous ATH.

Nobody is telling you not to buy them, if you have faith in these coins and you feel their vision is justified to make profits in future, by all means go for it. Just that we long timers know for a reason that newly launched coins rarely end up in the top 10 and usually spend years in the dump before getting either abandoned by its owners or just plain forgotten.

I would go for bitcoin at this time and since I already got my target buy price triggered once, I am now waiting for the market to either go down a lot or go big, because I know that it will be back up 10x of what it went down with.

Rest is upto you, everyone here is old enough to read charts and make their own decisions.

Fesatmas

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Quote from: ufaiz50 on May 13, 2022, 08:58:03 AM

This is a good advice, thank you for sharing it. I also think that it would be too risky to buy coins during bearish market, as it is still in downtrends and could not be assured if the coin will survive at the end of it all, or would disappear permanently. Also, when it is claimed that a coin is good and the likes, you should confirm it yourself. Nonetheless, it would be better if you will buy coins from time to time, at its every phases, whenever it hits daily low.

True, buying in stages would be the best option in this bear market, because it would minimize risk compared to buying all at once. Anyway we have to find out what is going on so we can at least know when to go in and buy some bitcoins or altcoins. It's just that I personally will not buy altcoins that have a high risk.

GEMIN_M4

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Any good project that manages to stay alive in bear market and still introduce some great stuff are worth every penny, the best time to look for gems are in a bearish market, though all this is just for profit's sake, I dont buy the idea of long term hold anymore, if you want long term hold please and please buy Bitcoin.

Rupok

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

You said something very important advice.I like your word.There are many altcoin in the beer market.But finding good project from there has not become so easy.Many have been cheated with the beer market.Myself have been the victim of this deception many times.So i have many experience about this.I think we are need to be careful invest/buy/sell any token.

ufaiz50

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This is a good advice, thank you for sharing it. I also think that it would be too risky to buy coins during bearish market, as it is still in downtrends and could not be assured if the coin will survive at the end of it all, or would disappear permanently. Also, when it is claimed that a coin is good and the likes, you should confirm it yourself. Nonetheless, it would be better if you will buy coins from time to time, at its every phases, whenever it hits daily low.

gantez

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During the bear time is when some developers get to introduce some shit cheap coins and push it out through telegram. This is a time for scamners making fast money but not all the coins will come back alive after this bear this way has become a tradition for cryptocurrency. It is good doing investment with the high value coins, they are still cheap now instead to go waste resource on shit alts.

masterrex

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Thanks for your advice Mate, I do believe it really happens because I also experienced this kind of situation, I was bought a particular coin in 2019 and held it in my wallet in a hope that it will rise again just like what happened in the 2017 Bullrun but after months and a year have been pass it was no improvement on the coin price instead it slowly dipped from time to time and eventually the coin dies in the process the coin was still in my old multi-coin wallet and every time I see it I feel bad.

RussianEnglishTranslation

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

I don't understand your argument here. You should be buying undervalued cryptos right now, like ICP and FTM, if you want to get rich, which you will when they return to their previous ATH.

GreatArkansas

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This dump is one of the best examples that Bitcoin and Ethereum will always stay. As you can see the percentage of a drop of these 2 high market cap cryptocurrencies is really low compared to other altcoins that already lost more than 50%..
Lesson learned, avoid some low market cap coins, especially on the bear market because you are just like catching falling knives, it doesn't mean that it is cheap, it is already good to buy.

evichi

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Thanks for the advice. All opportunities are not good opportunities, so despite the bear market, we still need to be careful if you intend to invest/buy any token. Scammers will still seize the opportunity to scam people. Research is still very important all the time, and it is important to invest only what you can afford to loose, no matter how attractive the investment appears to be. Don't put all your eggs in one basket.

macson

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

thanks for your advice... the market is currently in the red zone and it is impossible to predict when it will end but scammers will definitely take advantage of moments like this to create new coin/token projects claiming they are the saviors. for now, it's hard to trust altcoins, especially those that are just emerging, it's riskier.

NicNacCoin

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

In this bear market I would say it is better not to invest in any new coins. The current market situation, however, is very dire Bitcoin Ethereum is struggling to hold its own market. Every day the market is going down a lot At this moment many new coins will surround the market and give you a lot of encouragement. I would say no matter how much you encourage me not to invest in any new project in this market

Yaunfitda

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Quote from: Cryptoababe on May 12, 2022, 10:12:31 AM

You are absolutely right.. Although bear market can be an opportunity to invest in Great project.. If you have been following some great project before bear market and you noticed that the price is very cheap in bear market. I can say those ones can be safe to buy. Moreover, a good project don't really persuade people to invest like satoshi don't force people to invest in Bitcoin.

Of course, investors talks about making big money in bull market. But they never share their secret in a bearish cycle. It's because that is the perfect opportunity to fill your bags will a lot of cheap and solid altcoins and then hold till the next bull run. I have to learn this hard facts, specially ETH, when they where price <$100 2018 and then suddenly goes for all time high in 2021. So I will not repeat those same mistakes, so I'm going to invest while they are cheap and just HODL them.

firmino10

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This is a sound and helpful warning. Because we are attracted to investing in the bear market, which is also a good time to invest but the project should be worth it. Knowing if the project will last and it won't be a dump. The cheapness of the coin can attract, but the worth or value of the project after careful research should determine If it's worth it. Bitcoin and Ethereum still stand out. Though some altcoins might survive the bear market, one can also invest in them.

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Quote from: TheUltraElite on May 12, 2022, 10:36:00 AM

I would be buying bitcoin if it drops below 25k which seems possible at the current price range. But I will not be buying any shitcoin, adding them to portfolio means adding in more risk and undue frustration.

It is very risk when we add altcoins to the bag because it will be a big loss in my opinion so I still decide on bitcoin to buy when it has turned to $25k, I have also prepared to buy it.
Now I'm very careful with altcoins I don't want to be Luna's altcoin that falls to the deepest bottom, now these are called altcoins that can't guarantee even though they have stable coins.

The only hope is that Bitcoin can still be maintained for a long time.
By buying lower we will profit in the long run.

Reid

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Quote from: Z390 on May 12, 2022, 12:02:11 PM

Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Thanks for the advice but its too late, I already lost 140$ to Luna today, I thought I was buying at a cheaper rate, thinking price will recover nicely but I was damn wrong, the only thing I did better was not using all my money, I knew how dangerous that would be lol.

Sorry about that, I just finished reading about Luna too. I bet they had many victims thinking it was just a big normal dump but the truth is it was an exit dump. You cannot stay regretting what you did. Move on and make a new investment. I suggest something on the top list of altcoins,
For me, Ethereum had been a great choice since Day 1 so I recommend you buy that first before going forward into choosing another altcoin that you want to buy.

Z390

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Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Thanks for the advice but its too late, I already lost 140$ to Luna today, I thought I was buying at a cheaper rate, thinking price will recover nicely but I was damn wrong, the only thing I did better was not using all my money, I knew how dangerous that would be lol.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

I see such threads trying to spread this notion once everyday in this section. Point is that seasoned bitcoin traders know these are dying signals of a shitcoin and how to mercilessly avoid them. Every trader should know this and learn.

Quote

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Good thing you learnt your lesson. In the bear market many things are tested, one of which is the psyche of the trader and how they react to changes in prices.

I would be buying bitcoin if it drops below 25k which seems possible at the current price range. But I will not be buying any shitcoin, adding them to portfolio means adding in more risk and undue frustration.

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Do it For Better Humanity (Bitget trader)

You are absolutely right.. Although bear market can be an opportunity to invest in Great project.. If you have been following some great project before bear market and you noticed that the price is very cheap in bear market. I can say those ones can be safe to buy. Moreover, a good project don't really persuade people to invest like satoshi don't force people to invest in Bitcoin.

Metroid

sr. member

Activity: 2142

Merit: 353

Xtreme Monster

Quote from: Reid on May 12, 2022, 10:00:19 AM

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

In a pre bear market, is never a good decision to buy anything. I say pre bear market because btc crashed below 29k 2 days ago which in a bull market was the bottom and soon 29k will be the top in months to come, btc likely will crash below 10k in few months before it goes up again.

Reid

hero member

Activity: 3052

Merit: 651

Careful yous guys. In this deep bear market there will be new altcoins that will be spreading around claiming they are one of the coins that were hit by the dump and might be a good decision to invest with because of their cheap price.

Just a bit of advise from a long time crypto investor. It happened to me and became a victim of it so might as well share it with you before you make wrong decisions.

Topic: Careful! (Read 339 times)