Personally, I disagree with that statement, and I believe when you look at it from my prism you will also agree with me.
Take a look at this scenario and judge for yourself.
Mr March is a newbie in cryptosphere and he has $2000 he would want to invest in Cryptocurrency.
He also plan using the $2000 to sort out some financial needs in a months time.
After going through his friends suggestion regarding the coin he should invest on.....he went for April coin.
On checking the market price of April coin, it was discovered that the price is at it's all time high.
The coin was $3 before but $10 now.
Considering he only want to do a month investment.
Will it then be wise to ask him to buy the coin at the present price or wait for the price to fall ?
Do you still believe that all time is good for investment?
Thank you.
Okay there are several mistake, first of all using your money for daily need for trading is a big mistake, sometimes the market is unpredictable and you need to hold the coin for longer, and you may consider your friends recommendation but in the end you need to do your own research, and as long as the coin is fluctuative then there is a chance to make money, in bear market you need to have more experience and understand better about the market to make profit, its harder but not impossible