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Topic: Don't invest Heavily ALT now - page 4. (Read 1022 times)

legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
October 18, 2022, 08:49:17 AM
#51
To succeed in becoming an investor in Cryptocurrencies, of course, has a strong financial, many people think that when buying then a day, or a week the price will rise and profit, when they wait and the price continues to decline they panic so that it sells at a low price, the key to investment success in Cryptocurrencies is buying and thinking that what we buy will be lost because of loss.
What the OP said, is based on a lot of speculation, whether web3 becomes something big or ends up being only a buzzword would be worth checking in real.

This might encourage a lot of people to buy shitcoins without any logic which is again bad for their portfolios. After that they will try to sell without knowing why they bought and this cycle ends up draining money.

No wonder people keep losing their faith in altcoins. Compared to that Bitcoin is a way better choice of investment. Why think about what happens in 2024 when you can buy Bitcoin at low price right now?
hero member
Activity: 2828
Merit: 518
October 16, 2022, 07:28:24 AM
#50
When LUNA collapsed, there was a lot of news that said many people were stressed, crazy and some even committed suicide, most of them were big investors who lost millions of dollars, initially they invested by selling assets such as land, houses and even debts in banks, and from this moment then it should be a lesson that do not invest with fantastic value especially by selling assets.
Well, many investors ended up losing from this project, especially those new investors but never I heard of someone committing suicide.
This will show how risky is investing crypto but yes, it was too risky if you never know what you are doing and investing without research. In this bear season, we must be careful choosing altcoins, not only because of scam issues but for the reason because many of these projects are hard to recover. And this is pretty hard for impatient people as instead of waiting for the recovery, panic selling may come and lose.
sr. member
Activity: 2086
Merit: 283
Vave.com - Crypto Casino
October 16, 2022, 07:15:27 AM
#49
-snip-

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.
Yes, it looks like the Web3 project will continue to be present and develop in the following years because it is popular right now so it is not impossible that some of them will replace the old coins that are in the top 10 altcoins, but even though it may happen, it doesn't mean we shouldn't invest with the top altcoins before entering the year 2024 because basically the purpose of investing is to make a profit and we can do it whenever there is an opportunity.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
October 16, 2022, 01:42:58 AM
#48
Since the market continues to decline and starts in December 2021, I don't dare to invest with great grades, I loses because it's too long to hold and does not sell when there is a warning from Coinbase that the daily market drop is more than 5% within 3 days in a row so that For now I only play investment with potential coins.
It seems like that this time people are taking the potential coins as their long term investment. I meant if you must also aware about that potential coins give less risk compared with alts which have low valuation or potential. The chance to make profit is even less compared with altcoin with less potential but i do agree with you if these days taking the potential investment far better rather than getting scammed by investing in the non potential coins.
legendary
Activity: 2996
Merit: 1054
Leading Crypto Sports Betting & Casino Platform
October 16, 2022, 12:37:38 AM
#47
investing in 2024 is foolish decision you could never get as good entry as currently, the value is heavily discounted already, you would never encounter such value again in 2024 since once the recession settles the investments gonna recover really fast so making investments around these moments seems like way better decision than your strategy.

We never know though, the chance for crypto to bounce back is really anticipated but in terms of economic bounce back that's really a question that will affect the whole world's economy, if there's good news that will take place and the trust coming from wide investors begins to show up then your argument is valid while if they're still doubt that may take place and greed from more big investors continue, we might see more falling price not just with crypto but more on the reflections from the stocks outside.

There's always a connection since it's about the money movement and how the business community will be moved by the market situations.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 15, 2022, 10:54:17 PM
#46
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.
Actually, it's okay if you want to invest in altcoins but you have to be very careful because we don't know what happens to the coins we buy. During this bear market, many altcoins will reset again and only altcoins that can truly provide benefits to investors can survive and bounce back into the bull market. For coins that have potential, you can do DCA as @OP mentioned. But still, we have to be careful in investing in crypto.

Maybe next year, the trend will change with a new one and usually, if one or several projects can explode in the next year, it will trigger the trend to come more quickly. So get ready for his arrival and try to find more information to choose the project.

investing in real altcoins is no longer a matter of being careful, you have to be willing to accept losses when investing in them. what OP said is not wrong, even the top altcoins will very easily be replaced by new ones or they will never be able to recover to their original levels. the past has shown us many times so always be careful, history can repeat itself and does not change. i think in a bad market like this, only bitcoin is the coin that deserves DCA the most, in addition atlcoins should only invest a small amount of capital and should not DCA
What you said is true. This makes it difficult for us to find and buy new coins later because so many altcoins are trying to reach the top position. And it has been proven for a long time because before or after the halving occurs, the position of the altcoin will change and new coins can fill the top position. And it's true, and if we want to do DCA, we can try it on bitcoin because bitcoin will give us the opportunity to get big returns in the future. Maybe altcoins can provide that opportunity but of the many altcoins, we will find it difficult to find.
sr. member
Activity: 1344
Merit: 335
#SWGT PRE-SALE IS LIVE
October 15, 2022, 06:50:00 PM
#45
Invest Altcoins are always risky, and after cases that occur with Luna I do not dare to sell assets for investment altcoins or bitcoin, especially global economic predictions that will experience long recession so that it will affect the performance of cryptocurrencies so that it is better to invest with the value we consider lost.
Ther's no risk free investment. Investment is always involving the risk. If people were investing during the bearish market and they do know the pros and cons by taking the risk to invest in the crypto during the bearish market. The smart people will always be using the current situation as a way to make money from the market. People know the risk and that's why the were taking the decision to invest in alt

Crypto investment is always risky no matter what the market situation is. We might fear the bearish season and have doubts about buying altcoins but things will depend on our choice of coins. If we'll choose high-potential altcoins then we could manage the risks. Every market condition is actually an open opportunity either to buy or to sell. For me, it's still good to buy altcoins this season as a preparation for the bullish trend in the future. We only have to pick wisely so we'll never fall into scam projects.
current bearish trend Will ended soon , i am not believe this trend Will run for long time till 2024, maybe 1st quartet we Will see our Investment Will get good return. Bearish trend was good moment to accumulate top coins, it Will recover faster than else.rich people create on bearish market ,i am believe with quote .
full member
Activity: 1092
Merit: 227
October 15, 2022, 11:35:03 AM
#44
That is a very vague timeline without any formal justification as to why we should be choosing that year or date. There is no way we could predict the timeline just like that. Right now market is so volatile and on top of that it’s in bearish while furthermore we are heading towards uncertain recession. All these factors are going to impact the whole ecosystem of Altcoins and could put them state of stagnancy where it could be hard to sell any coin at desired limited market. Let’s just hope that investments will continue to grow in the right direction.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
October 15, 2022, 10:03:46 AM
#43
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.
Actually, it's okay if you want to invest in altcoins but you have to be very careful because we don't know what happens to the coins we buy. During this bear market, many altcoins will reset again and only altcoins that can truly provide benefits to investors can survive and bounce back into the bull market. For coins that have potential, you can do DCA as @OP mentioned. But still, we have to be careful in investing in crypto.

Maybe next year, the trend will change with a new one and usually, if one or several projects can explode in the next year, it will trigger the trend to come more quickly. So get ready for his arrival and try to find more information to choose the project.

investing in real altcoins is no longer a matter of being careful, you have to be willing to accept losses when investing in them. what OP said is not wrong, even the top altcoins will very easily be replaced by new ones or they will never be able to recover to their original levels. the past has shown us many times so always be careful, history can repeat itself and does not change. i think in a bad market like this, only bitcoin is the coin that deserves DCA the most, in addition atlcoins should only invest a small amount of capital and should not DCA
legendary
Activity: 2576
Merit: 1252
Leading Crypto Sports Betting & Casino Platform
October 15, 2022, 09:44:36 AM
#42
Sorry to break this to you, 80% of my money is going for altcoins because I want more returns, the problem is finding those gems that can give you 20x to 100x in a bull market, find them and you will make money, as for BTC I only expect 5x from the project in next bull market.
Good for you then but as far as I observe, OP has a point. AThere are many altcoins in this industry and choosing the 'right' ones is not that easy;luck would also be a factor. If you are making profit from investing most of your capital to altcoins, then that's good, but at this moment, big names I guess would be able to come out alive of this bear market. Most of the altcoins have low market volume which makes it best for short term investments. For long runs, established demand,and volume will be the key player to generate profit at the end of the day and this 'movement' for sure.
legendary
Activity: 2506
Merit: 1394
October 15, 2022, 07:23:22 AM
#41
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.
While it is true that the top 10 in terms of marketcap looks completely different now than 5 years ago or so i would not agree that it completely changes every bear/bull cycle.
This is why Bitcoin is very important in your bags. OGs are aware of this, and it is already proven by time, as time goes by there are a lot of haters with altcoins because they already experienced a lot of things with altcoins and the Bitcoin market along the way.
No problem of buying altcoins, just be careful because if a lot of altcoins are just good in the beginning.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
October 15, 2022, 06:31:53 AM
#40
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.
Actually, it's okay if you want to invest in altcoins but you have to be very careful because we don't know what happens to the coins we buy. During this bear market, many altcoins will reset again and only altcoins that can truly provide benefits to investors can survive and bounce back into the bull market. For coins that have potential, you can do DCA as @OP mentioned. But still, we have to be careful in investing in crypto.

Maybe next year, the trend will change with a new one and usually, if one or several projects can explode in the next year, it will trigger the trend to come more quickly. So get ready for his arrival and try to find more information to choose the project.
sr. member
Activity: 1722
Merit: 269
October 15, 2022, 06:22:01 AM
#39
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.

While it is true that the top 10 in terms of marketcap looks completely different now than 5 years ago or so i would not agree that it completely changes every bear/bull cycle. If i would had to bet now then i would say that projects like Ethereum, BNB and Solana will probably still be in the top 10 in 2 years from now. Solana could also fall out because there are other layer 1 solutions coming up with Radix and Aptos for example that could dethrone Solana in terms of transaction speed and low transfer costs.
I also don't think that any of those projects that are in the top 20 or even top 50 at the moment will vanish in a bear market because nowadays the crypto market is so mature already that all those top 50 projects are at least multi-million dollar projects.
full member
Activity: 1330
Merit: 100
C O M B O
October 15, 2022, 04:01:08 AM
#38
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.


the point is not to be easily influenced by fomo, continue to do extra research before deciding to invest in coins that are believed to have potential in the future.  if you look at the advantages of trying to invest in a new project it can be very profitable if the project becomes successful, but behind it all there will be a fatal risk because the coins that are launched will be forfeited and simply lost because they are not ready to face a bear market

Especially for beginners who sometimes they are affected by FOMO,
With the current market conditions, I think it's a bit difficult to find a new project that is really of good quality and has potential,
the most important thing before investing make sure we have done research first
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform
October 15, 2022, 03:56:39 AM
#37
2024 is way far.
For those who are in a rush this year or the next year that will be a long time to wait.
Especially now, when they are saving themselves from inflation and want to invest their money instead of wasting it on things that are unnecessary.
IMO, it's better now because of the cheap price after the dump. The only thing that I am worried about is if another dump will come.
It's not being impatient but more on maximizing the good deals that might not come again.
legendary
Activity: 2338
Merit: 1023
DGbet.fun - Crypto Sportsbook
October 15, 2022, 02:42:24 AM
#36

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.

Why wait until 2024 when we can invest in altcoin in a cheaper price today.   Though we might wait longer but investing in the cheapest price possible is a good thing for investors.  Promising projects that is launched during a bear market may have surged by 2024 and we might be late to get in by that time.  If we have the fund and the opportunity of profit opens its windows, we must not delay our action of investing because we might miss this opportunity if we wait longer.


He has his reasons, apart from Ethereum and BNB, I can tell you all altcoins although they have potential and are highly discounted but all are risky and will probably never recover come back. Looking at the altcoins of the previous bear cycles, many altcoins have not been able to recover and grow again and other new altcoins will come and replace them, the cycles of altcoins are really short, they are not like bitcoin. I believe the next bull season will have some of the top altcoins replaced by newer and better ones.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
October 15, 2022, 01:12:28 AM
#35

Your advice is coming a bit late now. It should have been made from the start of this year because that was when the market started failing us. Am not taking about bitcoin but alts. Altcoins have done poorly this year and has disappointed alot of people. Anybody can say do not buy when the market is down and say buy when it is going up. But that is not how real investors look at it. They want to buy when the tokens are going down. But this year most investors are even scared of buying alts. They do not know when the fall will find a bottom. DCA that you mentioned has also wrecked alot of investors this year who bought thinking it was the bottom and it continued down and they kept buying until their capital is stuck and depleted.
Except for a very reduced number of altcoins which have strong fundamentals and that it makes sense to buy even now, like it is the case of ethereum, the rest of the altcoins in the market should never be bought during a bear market precisely because of the reason you mentioned.

However even if it is late I think it still makes sense that people are reminded of something like this, so they can protect their remaining capital or they can avoid making the costly mistake of investing in shitcoins now when no one is interested in speculating with them at the moment.
hero member
Activity: 616
Merit: 749
October 15, 2022, 01:08:40 AM
#34
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

You are not lying but do understand that if you were to profit from the altcoins market, it's best you get them when they're cheap. Buying in 2024 as you suggested might get you buying when they have already regain some price lost due to the bear market. You just have to be smart in your selection and avoid coins that were just hyped or shit coins in general. An example is avoid all the INU coins that got launched after the success of Shiba INU, all those coins would die because they're only surviving on hype and no real products.
Next is to get the coins that have utility and hold coins like Ethereum and Binance coin, you can buy others when you feel the bear has ended but get some in the bear as this coins returning to their previous all time high or getting close could give some nice profit before the bull market begin.
sr. member
Activity: 1960
Merit: 329
October 14, 2022, 11:40:01 PM
#33

Your advice is coming a bit late now. It should have been made from the start of this year because that was when the market started failing us. Am not taking about bitcoin but alts. Altcoins have done poorly this year and has disappointed alot of people. Anybody can say do not buy when the market is down and say buy when it is going up. But that is not how real investors look at it. They want to buy when the tokens are going down. But this year most investors are even scared of buying alts. They do not know when the fall will find a bottom. DCA that you mentioned has also wrecked alot of investors this year who bought thinking it was the bottom and it continued down and they kept buying until their capital is stuck and depleted.
hero member
Activity: 3010
Merit: 666
October 14, 2022, 04:35:47 PM
#32
Well, it was not new to us OP that during the bear season many shitcoins have died and even some promising coins turn to scams. This is the risk when investing in altcoins and a reason why I barely not hold them during this bearish season as I mostly converted them to Bitcoin for the sake of being safe. If we invested blindly and do not often check our portfolio, sometimes we got surprised that some of our coins have no value. But I see the smart thing to do during the drop is to invest ONLY those coins that we know their capabilities already, not these new chips.
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