Topic: Don't invest Heavily ALT now (Read 954 times)
Indeed we must be careful to invest in new coins. But that doesn't mean the new coins aren't good. Because like my previous experience when I bought new coins at a high price at the presale event, but when the coins were listed on the exchange, the coins became worthless
Indeed we must be careful to invest in new coins. But that doesn't mean the new coins aren't good. Because like my previous experience when I bought new coins at a high price at the presale event, but when the coins were listed on the exchange, the coins became worthless
this could be prevented if you could make some analysation I think, the thing with investing in new coin is that it's like trial and error, most of the time you're just gonna be investing in some coin with bad quality, as a result the coin are just gonna be losing their value overtime, I think once you could make some analysation and find the good new coins you could easily make fortune out of it, even growing your initial investments multiple folds, but then again, there's still chance that the project is just gonna be failing.It really helps in terms of avoiding or lessing the chance of losing a lot, if you know how to analyze and to sort which project or new project that good for your investment, though it's not easy since the marke movements and how the supporters invest with certain projects most of the time is because of hypes, it will bring high-risk investment to you if you failed to do your deep analysis before joining the ride.
In situation that the coin quickly jump then dump after will be a tough decision making if you find yourself being trapped.
Take time to analyze before jumping into conclusion.
Indeed we must be careful to invest in new coins. But that doesn't mean the new coins aren't good. Because like my previous experience when I bought new coins at a high price at the presale event, but when the coins were listed on the exchange, the coins became worthless
this could be prevented if you could make some analysation I think, the thing with investing in new coin is that it's like trial and error, most of the time you're just gonna be investing in some coin with bad quality, as a result the coin are just gonna be losing their value overtime, I think once you could make some analysation and find the good new coins you could easily make fortune out of it, even growing your initial investments multiple folds, but then again, there's still chance that the project is just gonna be failing. So, we can still have them in our own wallets. That is why we can prepare them to take profits again when the price has been rising up and passing the price that we bought. The profits of long term for Bitcoin are surely very worthy.
I've added BTC during the market under $20k price pressure for the last 2 months and will never decide to take profit from the short term because BTC has the opportunity to make high profits after the bear market ends, but it's different for categories other than the top 3 coins, so I'll take profit when it has increased min above +10% because altcoin rates are not guaranteed to survive on any price sentiment or follow the main market price even though the market is recovering.I consider the top 10 coins in the CMC are still a good choice for this bear market if aim for long-term investment as certainly won't disappoint us.
You should set a target in order to enjoy the potential profits unless you are aiming for retirement benefits, as you can keep your assets on hold for long-term and let fate dictate what the future will be for your money. If you are aiming for quick profits, doing a day trade or short-term investment can be practiced with this volatile kind of nature of investment.
Crypto market is hard to predict, the volatility is uncertain, it's your decision whether to keep investing with crypto or to pause for
a while to do your research and re-assess all the potential outcome.
I feel this is the right time to invest in alt because currently alt price is going down so i take this opportunity to take profit in the future i believe alt price will go up and i believe in ethereum and bnb coins.
A pretty good choice if you choose ethereum and BNB, because these two coins are the top coins. Instead of choosing an altcoin that is not clear and only hype at first, it is better to choose a coin that is certain and has a clear development. Just look at the current price of ethereum, it's back up and the market is getting better. Invest what you can afford to lose, and manage every investment you make.nothing is instant, everything definitely requires a process.
I feel this is the right time to invest in alt because currently alt price is going down so i take this opportunity to take profit in the future i believe alt price will go up and i believe in ethereum and bnb coins.
So, we can still have them in our own wallets. That is why we can prepare them to take profits again when the price has been rising up and passing the price that we bought. The profits of long term for Bitcoin are surely very worthy.
I've added BTC during the market under $20k price pressure for the last 2 months and will never decide to take profit from the short term because BTC has the opportunity to make high profits after the bear market ends, but it's different for categories other than the top 3 coins, so I'll take profit when it has increased min above +10% because altcoin rates are not guaranteed to survive on any price sentiment or follow the main market price even though the market is recovering.I consider the top 10 coins in the CMC are still a good choice for this bear market if aim for long-term investment as certainly won't disappoint us.
So, we can still have them in our own wallets. That is why we can prepare them to take profits again when the price has been rising up and passing the price that we bought. The profits of long term for Bitcoin are surely very worthy.
I've added BTC during the market under $20k price pressure for the last 2 months and will never decide to take profit from the short term because BTC has the opportunity to make high profits after the bear market ends, but it's different for categories other than the top 3 coins, so I'll take profit when it has increased min above +10% because altcoin rates are not guaranteed to survive on any price sentiment or follow the main market price even though the market is recovering. 
Bitcoin can't be compared to altcoins and most of the altcoins are just cheat coins without any long-term value but when you hold Bitcoin you are sure of your long-term investment security and since Bitcoin has a relatively stable price the tendency of a sudden crash is minimal.
The wisest and smartest thing to invest is in Bitcoin, surely. I really agree with you. Investing from Bitcoin doesn't mean that we will not get any risks of investment. We still have any, but at least, we have chosen the one with lower risks than altcoins. Although the price of Bitcoin is getting crashed because of a market correction, FUD, or even a bearish era period, this doesn't mean that the era of Bitcoin is ended. We can just keep holding the coins and save them for long-term period investment. So, we can still have them in our own wallets. That is why we can prepare them to take profits again when the price has been rising up and passing the price that we bought. The profits of long term for Bitcoin are surely very worthy.
Bitcoin can't be compared to altcoins and most of the altcoins are just cheat coins without any long-term value but when you hold Bitcoin you are sure of your long-term investment security and since Bitcoin has a relatively stable price the tendency of a sudden crash is minimal.
Unless you looking for some get-rich-quick scheme, that is when you can look in the direction of altcoin but for stability, Bitcoin looks to be the best.
Unless you looking for some get-rich-quick scheme, that is when you can look in the direction of altcoin but for stability, Bitcoin looks to be the best.
Every time is a good time to invest, what you should do is watch what type of investment you join in crypto currency today so you can avoid the fake projects. What to do after checking whitepaper and token product? check the token address basic information with @CheckMyTokenBot on telegram. That way you are able to identify all about the token contract
I don't know if you created that bot and you are now shilling it here but even if not, I think people are still going be cautious with that because they know that telegram is a den of scammers. It is still possible for us to tell if the token address is legit or not even without going to telegram but we will only search the real token and then compare it on what we have found.Every time is not a good time to invest because not all times the value of the coins are low but sometimes their value are at their highest peak. Now tell me if you have tried investing during that scenario? I believe you haven't because you are afraid of what can happen next.
It is always good to have a balance approach in our investment. I don't see altcoin as non-profit investment, instead I see it very profitable as long as we know where to invest. If you can see the history of altcoin market, there are lots of altcoin investment that yield millions of dollar in a hundred to thousand dollar investment. It's that we need to do a thorough research so that we can avoid fraud and scam projects.
i think choosing old altcoins is the best choice for long-term and short-term investments.there are several old altcoin projects that currently still have very good trading volume and high utility that are worth choosing for investment.
for example, ethereum still has a very high trading volume and has a very large community and has the opportunity to have new ATH in the next few years.
old altcoins that already have many communities i think will never scam
If you will do your deep research and if you have time to follow every updates and development from the team, choosing old and functional alt coin is really one of the best thing to do, like what you pointed, the chance of making decent money from both long and short trading can be executed as long as you know and understand the flow, we witness how good ETH and BNB it has been test by time, in each BTC pump those two assets are also moving on the same track.
Though decision making always depends on how you see the potential and how you project your target time frame,
all depends on how you see the benefits and how long you wanted to wait for gaining your target profits.
It is always good to have a balance approach in our investment. I don't see altcoin as non-profit investment, instead I see it very profitable as long as we know where to invest. If you can see the history of altcoin market, there are lots of altcoin investment that yield millions of dollar in a hundred to thousand dollar investment. It's that we need to do a thorough research so that we can avoid fraud and scam projects.
i think choosing old altcoins is the best choice for long-term and short-term investments.there are several old altcoin projects that currently still have very good trading volume and high utility that are worth choosing for investment.
for example, ethereum still has a very high trading volume and has a very large community and has the opportunity to have new ATH in the next few years.
old altcoins that already have many communities i think will never scam
It is always good to have a balance approach in our investment. I don't see altcoin as non-profit investment, instead I see it very profitable as long as we know where to invest. If you can see the history of altcoin market, there are lots of altcoin investment that yield millions of dollar in a hundred to thousand dollar investment. It's that we need to do a thorough research so that we can avoid fraud and scam projects.
I personally believe in investing in potential established altcoins which can generate growth in the long term.
I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
these are honestly already such good investments, these coin that you mentioned could already guarantee smooth recovery once the bullrun comes, moreover I think these are the ones that gonna be reaching their ath faster than the other coin in general, even though so many are doubtful in regard of the future of coin in general in 2023 I think in that year, we gonna have bullrun and massive increase in value. I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
I have noticed that every cycle there are giant ALT coins. In the following cycle, the New top 10 is coming. As per the current condition, please be vigilant to invest in BTC.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
Most Alts vanish in a bear market, the main reason is no fundamentals.
There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)
I self going to invest in Alts after 2024.
There will be more and more web3 projects , AI projects will come. So be alert on some potential brand new projects.
You indeed mentioned that many altcoins markets have disappeared now due to the bear market season. And the only ones left are the established altcoins in this industry.
Now, if you want to wait for 2024 before you invest in altcoins, that's your method and strategy, and whatever your reason is, of course you know that and we don't care about that.
As long as the situation is a bear or bull market for me, if I know I should buy, I will do it and I will hold it when I want of course.
There is no certainty in cryptocurrency investing even when you put your money in BTC and there is nothing wrong with investing in ALT either, but as you said "Most Alts vanish in a bear market, the main reason is no fundamentals." and that's true, therefore investors should invest in ALT that does have fundamentals such as BNB, ETH, MATIC, etc., it's better to put money in ALT like this compared to new ALT that focuses on Defi, NFT or Metaverse, because most of this new ALT is ultimately a scam.
I personally believe in investing in potential established altcoins which can generate growth in the long term.
I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
you are not wrong if you determine these assets for the long term. because the current market situation will also not support for the short term. then the safest we can plan long-term investment.I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
in the current situation, altcoins will not be a priority. adding quantity to Bitcoin assets would be great in the long run.
If you want to day trade, maybe take some risks on the potential altcoin asset market.
In my opinion, it's better to just focus on bitcoin and maybe ethereum, removing sol is a good thing. I can say that investing in altcoins right now is too risky even the top altcoins, I feel they won't die but they will be like old altcoins like from 2013, 2017. Do you remember what happened to old topcoins LTC, XRP, NEM...they didn't die but they never returned to ATH and couldn't compete with more potential new altcoins. We currently have a lot of layer 1 and layer 2 projects coming to market and they will soon replace today's top altcoins.
It is not the matter of the time, point is what we need to do isnever be rushed to invest. After a proper research we need to go for investment. DCA can be an option for the risk optimized investment. This is how all this goes on. Atls are risky as i know you cant say anything about progress and stability in altcoins.
I personally believe in investing in potential established altcoins which can generate growth in the long term.
I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
you are not wrong if you determine these assets for the long term. because the current market situation will also not support for the short term. then the safest we can plan long-term investment.I don't usually prefer in investing in altcoins for short term gains. But yeah, if I do get the opportunity then I don't mind putting a little amount for short term as well.
But most of the times I buy coins and keep doing DCA for long term and my bucket list mostly contains BTC, ETH, SOL.
in the current situation, altcoins will not be a priority. adding quantity to Bitcoin assets would be great in the long run.
If you want to day trade, maybe take some risks on the potential altcoin asset market.
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