Topic: Is it WORTH investing ALTS RIGHT NOW? - page 2. (Read 577 times)
The price increase has suddenly stopped, still, you can buy some other Altcoins for they still continue to rise at a slow movement. You need to be careful about selling them as soon as the price will decrease. Because many speculators think that the sudden price pump was just a bull trap. You need to choose the right coin to buy. If you decide to hold it for long then the time is right to buy now. but choose only the top coins in the market for they are the only coins who have a history of coming back.
The altcoin coins or leading currencies are strongly influenced by bitcoin. If you are a speculator, I think the moment is appropriate to speculate on coins like ethereum, anchors or litecoin. For Bitcoin, the time to buy is 8k, not now. If you buy BTC now, I think there will be a long period of speculation.
Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!
Appreciate the help!
it actually depends on what altcoin would you be investing.
try looking for great altcoin who got a real life features,
-EPM
Yes. you always can invest simply because it is gonna feel cheap at this rate in the long term. Keep in mind. The volatility in Crypto is not because of some bubble. It is because it is a brand new asset class and folks are still in the process of adopting it. Very small proportion of world population is active in the game. In several hypothetical scenarios total market for cryptocurrencies can go up to 1% of a total of $80 trillions in the world, thereby, something like 1 trillion.
With the bear season, there is an opportunity to buy cheap altcoins. I don’t know for how long the price will be low, but it seems already on the rise. I see many cryptocurrencies growing in popularity and value. You could certainly invest your money in a well diversified portfolio of Top altcoins, or maybe new emerging ones with huge potential, and see what happens. don't forget that the market will rise after every crash.
Top altcoins means top25 or top 50?With the bear season, there is an opportunity to buy cheap altcoins. I don’t know for how long the price will be low, but it seems already on the rise. I see many cryptocurrencies growing in popularity and value. You could certainly invest your money in a well diversified portfolio of Top altcoins, or maybe new emerging ones with huge potential, and see what happens. don't forget that the market will rise after every crash.
Thanks for a nice insight, will keep everything in mind.
Diversifying is the best thing you can do buddy. The biggest mistakes people usually make is putting all eggs in one basket when HODLing. So i would advise you to buy some BTC and then use the rest of the money to buy a few alts with great potential
Sounds reasonable! Thanks for advice 
Yeah you can invest on altcoins where most of their price is pretty much lower than ever and making profit is just a matter of time. Before making your investment its necessary to choose best altcoins with strong project background. I hope you have enough knowledge to choose the right one. You may take a look on bitcoin's current price growth which is absolutely a good sign too. After having a speech about blockchain technology from china's prime minister crypto market started to shake and if i am not wrong then we will be able to see significant investment from chinese investors soon. So you can also add bitcoin on your choice list for investment.
Yes. you always can invest simply because it is gonna feel cheap at this rate in the long term. Keep in mind. The volatility in Crypto is not because of some bubble. It is because it is a brand new asset class and folks are still in the process of adopting it. Very small proportion of world population is active in the game. In several hypothetical scenarios total market for cryptocurrencies can go up to 1% of a total of $80 trillions in the world, thereby, something like 1 trillion.
With the bear season, there is an opportunity to buy cheap altcoins. I don’t know for how long the price will be low, but it seems already on the rise. I see many cryptocurrencies growing in popularity and value. You could certainly invest your money in a well diversified portfolio of Top altcoins, or maybe new emerging ones with huge potential, and see what happens. don't forget that the market will rise after every crash.
With the bear season, there is an opportunity to buy cheap altcoins. I don’t know for how long the price will be low, but it seems already on the rise. I see many cryptocurrencies growing in popularity and value. You could certainly invest your money in a well diversified portfolio of Top altcoins, or maybe new emerging ones with huge potential, and see what happens. don't forget that the market will rise after every crash.
if you ask me about my opinion, I say that you need to buy bitcoin about $7000 level for investment
I think soon it will go down again.. that green candle is a temporary one.
I think soon it will go down again.. that green candle is a temporary one.
There's nothing wrong on investing with alt's but make sure you invest on the coins listed already on exchange and been at the top 20 or even in 50 spot on the market ranking since you will have the possibilities to gain more percentage if the alt market goes pump. But if you are looking with the ICO tokens then you are in wrong place since most provably you will be putted on hyip but end up crying in the end since chances to get scammed or you will baghold your bought alt's.
Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!
Appreciate the help!
it actually depends on what altcoin would you be investing.
try looking for great altcoin who got a real life features,
-EPM
Altcoins are starting to gain, I think there are whales also collecting altcoins right now so its a good time to also stash few of the coins that you think are going to also experience bulls. I have bought some and with just the right amount I could probably earn 5 digits when the coins moon to 0.10USD. Its risky but worth when you see good results to this action.
All time low strategy seams really reasonable and thoughtful. Will probably do something similar like 50% BTC and then spreading the rest across top 25. Am i getting things wrong or is it crucial for projects to climb among top 50 to even be considered as a viable option to invest?
Did quote myself and wrote i missed the group. Will relink the topic to alt discussion! Thank you!
Not really. Its just top 50 projects are 100% assured that they could provide you with something in return. Investing with anything lower than top 50 or even top 100 could sometimes come with risks of you being scammed after all. Plus there's also the profitability in which the top 50 is the best choice. Did quote myself and wrote i missed the group. Will relink the topic to alt discussion! Thank you!
If you do invest in an altcoin relatively unknown and it pops off, the return would be pretty insansw but that pretty much requires luck and a lot of research.
Your plans pretty good. You can start with eth or xrp first to get used to the market though.
yes in my opinion, now is the right time for a bitcoin investment because a lot of good news has emerged, therefore if you want to invest in bitcoin then choose the long term because of the minimal risk.
When you talk about investing in cryptocurrency I think so far it's still not too late for that. Because it has good potential in the future, especially with the use of technology each of them has and develops. But if this case is altcoin, you have to look at it from the fundamental side as well and make no mistake in choosing a project that you invest in. As long as the project has good development and innovation then it's very worth it to invest on it. If coupled with the good news we have heard lately, I'm very confident that the price of Bitcoin will continue to soar followed by altcoin.
Diversifying is the best thing you can do buddy. The biggest mistakes people usually make is putting all eggs in one basket when HODLing. So i would advise you to buy some BTC and then use the rest of the money to buy a few alts with great potential
an even bigger mistake that people make is buying a lot of altcoins, bag holding them and calling that diversification!!!
why do we diversify? is it not to be safe and continue making profit in case one of our investment tanked?
so lets look at the cryptocurrency market. when you buy bitcoin and altcoins and call that diversification, this is what happens to you: bitcoin drops 10% for instance, altcoins drop 10% to 30%. so tell me, what exactly did your diversification do for you?
I think that there are some altcoins who worth now investing, but you should do own research and i not want to name them now and you bilnd invest on and lose on my hand, but i think the profit will come after a long time if investing on altcoins, or sonner but only if a lot of money will come to.
Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!
Appreciate the help!
There's no straight answer for your question especially when Bitcoin and Altcoins aren't moving unanimously all of the time. If you visit coinmarketcap frequently you will sometimes see that Bitcoin is the only one in green and the rest of the market is in a bloodbath sometimes it's the other way around and the only thing in red is Bitcoin (this is sometimes called the alt season). With that kind of market you will get a general perspective that even traders who are already in the market are venturing onto other coins to take profit that's why we see alts going down while BTC is going up or vice versa because even them are offloading position just to take profit onto other cryptocurrencies in the market.
Considering events from last week and bullish BTC movement.
Thats the main thing. With bitcoin being bullish alts are also being bullish. But here comes the concept of reading older charts. If you see the bearish time of bitcoin then the alts were also being very poor. Nobody would even thing of buying them at that time, but now every other social media is asking for tips on which altcoin to buy. My point is that, dont go FOMO on altcoins. If you are bullish about a specific one then buy it, but at the proper price, not at the all time high price under impulse.
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Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
It is always smarter to buy BTC over alts. But this is not the correct price to buy that is ~9k USD. Buying point would have been ~7k USD, unless you have any bullish indicator showing above 9k, I would expect a crash coming soon in bitcoin price. Overall buy bitcoin at its support levels where falling down is less likely. 
Diversifying is the best thing you can do buddy. The biggest mistakes people usually make is putting all eggs in one basket when HODLing. So i would advise you to buy some BTC and then use the rest of the money to buy a few alts with great potential
Considering events from last week and bullish BTC movement. Is it smarter to just buy BTC and wait or explore some alts and try to profit now (keep in mind i'm not an experienced trader <6 months)
Appreciate the help!
Appreciate the help!
The best practice is to divide your total capital and invest in several coins/tokens, it minimizes risks.
Altcoin prices in BTC market are pretty low however you should stick with the top 25s or if you want to take a little bit risk then it could be the top 50s imo.
Some traders checks for the all-time high for a coin ever reached, but I prefer all-time low a coin ever reached with my trading strategy. If you can find a coin/token which is in support then it can be a good investment.
Btc is always the first choice, but I don't like a sudden spike and when it is by $1k or $2k I don't like it even more. I believe in steady growth. For you, I won't be saying anything about BTC investment because of its volatility.
Maybe 50% BTC and 50% other coins (10% each or 5% each) could be a good move... add your research... BTC investment should be for long term planning.
Probably this thread belongs to altcoin discussion.
All time low strategy seams really reasonable and thoughtful. Will probably do something similar like 50% BTC and then spreading the rest across top 25. Am i getting things wrong or is it crucial for projects to climb among top 50 to even be considered as a viable option to invest?
Did quote myself and wrote i missed the group. Will relink the topic to alt discussion! Thank you!
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