Don't invest Heavily ALT now - page 6.

dunfida

legendary

Activity: 3122

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Quote from: udayantha11 on October 11, 2022, 11:11:05 AM

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.

You cant precisely determined if the current top altcoins would really be outranked in a short time.This is the survival of the fittest and to those coins or projects who would really be mainly supported by the community.

We know that this market is totally unpredictable, there's no way that we can tell which one would be lasting and which new coin will really be placing itself on the top.Beating up those established coins on high ranks

is never been easy.Unless if a new project will really be getting soo much hyped and people do see its relevance of its utility then there might be chance but the odds or chances to see
this one is not that high.

Johnyz

full member

Activity: 2086

Merit: 193

Cost averaging method is a good strategy during bear market since we don’t know if the market will continue to down or now, having your own analysis can help as well. Investing during bear market should be more precise and avoid any coins/tokens that you think can’t survive the bear market, not all altcoins are worth to buy choose the best only or to be more safe, go for the top 20 coins in the market and just play with them until the market recovers.

GeorgeJohn

hero member

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Enjoy 500% bonus + 70 FS

Quote from: udayantha11 on October 11, 2022, 11:11:05 AM

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,

Investment in cryptocurrency and especially long term investment should take place with bitcoin instead of alternative coins, because so many of alternative coins does not have a potentiality, and that's the reason while so many of them varnish during long stays of bearish market. Bitcoin have very large potential and that's while people do like to invest in bitcoins instead of altcoins, because it's few altcoins that can not die of during long stays of bearish market, and such are Ethereum.

JoyMarsha

sr. member

Activity: 924

Merit: 365

A circle has no beginning or end in crypto. If you want your money never to finish in altcoins, diversify your investments to several altcoins whether it is among the top 10 or not. Don't wait till 2024, invest now and wait patiently. If profits come, withdraw your profits and reinvest back. With that kind of method, you won't regret ever investing in altcoin this year

Chainsmokers

sr. member

Activity: 1372

Merit: 252

if you intend to buy altcoins after 2024 then you will regret it, because in 2022 all altcoins are already at very cheap prices,
indeed bitcoin is still an indication for dump again but if you don't buy altcoins gradually of course it's a bad thing you should avoid,
some altcoins such as Algorand and Chiliz are also indicated to be very bullish.

_act_

legendary

Activity: 1064

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Lightning network is good with small amount of BTC

Quote from: udayantha11 on October 11, 2022, 11:11:05 AM

There are two methods you can invest, 1) RSI Based 2) DCA(dollar cost average)

What do you mean by RSI? Relative Strength Index?

Quote from: udayantha11 on October 11, 2022, 11:11:05 AM

I self going to invest in Alts after 2024.

A good time to invest. Bitcoin halving would be around March 2044. Investing around that time would be better. But I am thinking next massive price drop would be the best time to invest in altcoins, but which the coins would increase and later decrease back.

bitcampaign

sr. member

Activity: 1918

Merit: 268

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Quote from: udayantha11 on October 11, 2022, 11:11:05 AM

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.

but i believe with old altcoins and whatever bigger ones come in the future, old altcoins will still follow the existing technology and then adjust it, so it all depends on how developers follow the technology in their respective eras, i keep investing in old altcoins and buy them cheap, because now is the right time to buy it when the market is bearish not when the market is bullish

Crypt0Gore

sr. member

Activity: 952

Merit: 275

AI projects are the worst of them all, they never survived since many years ago because no one needs any AI use cases, its a dream that never come to past, instead focus of MetaVerse and Play to earn games, also I think its wrong to stay till 2024 before buying alts, you are simply betting on the fact that BTC may go lower, you will be shocked how fast BTC can recover.

TheUltraElite

legendary

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Merit: 1253

So anyway, I applied as a merit source :)

I dont get how to declare 2024 or post 2024 to be the safe year to invest in altcoins. Altcoins have always been the target of pump and dump'ers and shills and hence they are glared on by bigger market veterans. Whatever media buzzword that they add to their project, the core design never really changes and the common "genres" explored by such projects will never be able to compete with their mainstream counterparts.

Hence even if newer tech comes into view, altcoin project leaders only use them to promote their project and not actually develop something on it.

Still it would be worth a watch if they actually manage to go bullish after 2024 or early.

Hamza2424

legendary

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That a good point to not invest heavy in alts but never invest in opportunity is not the case as BTC is your main asset if you want to invest in the ALTS then you need tobe sure about the loss and one more thing here is as you said after 2024 that's not the case this is the end time here now the accumulation is going to end so from this point you can invest that's not a financial advice still you can invest in ALTS for short time times as this the time now.

udayantha11

member

Activity: 798

Merit: 17

2023 would most likely be as bearish as 2022

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.

Topic: Don't invest Heavily ALT now - page 6. (Read 1022 times)