Topic: Is this a bad time for altcoins? - page 8. (Read 3654 times)
Personally I have several altcoins and the prices are currently going down, that's sad but I'm sure that the prices will rise again when the market stabilizes later. if I see the market price has not stabilized so this is not the right time to sell coins. can't say that right now is a bad time for alts because there are some alts that are still stable in price and these price drops are also common. we must be patient and refrain from selling at a cheap price. avoid the panic selling because it will make us get the losses.
You have to keep in mind that most of the meme coins currently circulating in the market right now have a high-risk rating and certainly won't last long.
Just stick to those well-established and stable coins. The likes of ETH, ADA, LTC, BNB are excellent choices.
You might want to check out Stakenet's XSN as well. Another stable project that has been around since 2018. Has an impressive road map and white paper. Run by a transparent team of professionals and backed by a positive community. Certified rug proof.
Just stick to those well-established and stable coins. The likes of ETH, ADA, LTC, BNB are excellent choices.
You might want to check out Stakenet's XSN as well. Another stable project that has been around since 2018. Has an impressive road map and white paper. Run by a transparent team of professionals and backed by a positive community. Certified rug proof.
I also agree, there has never been in history that meme coins were able to last in the long term, they were able to grow but only briefly. It's better to invest in other coins because the risk of holding meme coins is too big in the long run
Memecoins can give good returns in the future. But that will happen only if the developers and the promoters take the necessary steps to increase their adoption and acceptability. And from what I have seen, the developer teams in many of these coins are inexistent. All they do is to plagiarize existing projects. Once the coin is listed in some of the obscure exchanges, the development comes to a halt. There will be no support from them, even if some major bug or security flaw is discovered later.
Yes. I agree with this. Too risky to hold a meme token for the long term.
The token will be a useless token or even be a dead token once the trend is over already.
why do you think like that? I think it's just a trend. After all they will return to the old proven coins. maybe by following the meme coin they can get profit faster.
this is a very dangerous time to invest in altcoins, take a good look at what is happening with the price of altcoins versus bitcoin. for example see the litecoin chart of the last days:
the price of altcoins compared to bitcoin is falling every day, it shows that people are taking money from altcoins to protect themselves from eventual disaster or are selling to buy bitcoin, anyway it's not a good idea to buy altcoins in this scenario
I hold alts and believe they will back regarding prices.
the question is: when?
it may take many years for prices to come back
But as Bitcoin also seems to be insecure it might be that investors are gradually leaving the space temporarily. Most investors may have to exchange their coins for Bitcoins first in order to then being able to cash out at their local exchange. Interesting graph though, thanks for sharing.
they will sell it and make the price go down, so I'm sure when the price goes down it will be difficult to increase again, because the community will decrease over time
Depends on how strong the community and the team of the project.If the token has a smart team and strong community, there will be always a chance for the token to be pumped again. For example Dogecoin, there are already many times of the pump happened on this coin. Although it is a meme coin, it can show us amazing moves during the current bullish season because it is supported by Elon Musk and strong community.
therefore never hold meme coin for long term.
Yes. I agree with this. Too risky to hold a meme token for the long term.The token will be a useless token or even be a dead token once the trend is over already.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Apparently, there are still a lot of legit coins in the market, those old coins are an example. But if you are looking for new projects, that gonna be a problem, some of them look promising but we can assure you that it could last long as many projects good at first but later on, they just die. Only the safest way when we invest altcoins is through those who have been proven already. The top 20 are meant good for investment, it is risky for investing in new projects. 
This is not the project, it's just because the community is so big. They can really bring their coins to the attention of many people outside the community. So this meme coin has been hype for some time, it won't last long.
I agree with you, after some people in the community have gotten profit they expected, then of course they will sell it and make the price go down, so I'm sure when the price goes down it will be difficult to increase again, because the community will decrease over time, therefore never hold meme coin for long term.
this is not bad time for altcoins, but bad time for stable coins, I feel sad for people who are afraid to buy altcoins now,
because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
Safe? I am afraid i don't think so. I have three different kinds of altcoins and UDST in my wallet, the value of altcoin decreasing day by day, in the meantime, the value of the USDT has remained constant. Anyway, this is a bad time for altcoin definitely.because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
If the bull season continues, if...
I remember 2018 how all alt coins died a very slow death. Every single day passing by just another few percentage points in the red. Every time I thought dang, I should have sold yesterday but I held them tight. Most of them never recovered. That was one of my bigger mistakes back then. Today I take profit much quicker at least when we are talking about alt coins.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Well the market is totally dumping and the market is trying hard to keep up the pace to get on top but it's still failing on doing that, Whenever there is a dump on bitcoin price all the alts suffer so It is up to you when to make out. For the memes coin, they just do too much hype too much shilling that they attract people who want quick profits.
This is why I think we are in a great situation and not crashing or anything like that, we WERE in a bear market but we are no longer there anymore and doing fine.
We are not doing fine we are in a place where we cannot even now predict where are we gonna end now. For now I am just getting my assets out and leave some of them in BNB and ETH etc which i think will do great in long run and they will be fine.
You have to agree that alts are proportional to BTC.
Regards
Had a good laugh reading some of the responses, all you need to understand is that the entire cryptocurrency market depends upon how Bitcoin is going to perform and if there is a major correction in the Bitcoin market the entire market comes down along with it. Whether to predict the market is good enough to invest, i would say no because most of the coins had a good rally and you need to be careful which coins you are planning to invest.
In order for altcoins to start growing, there must be a positive news background over cryptocurrencies, the world should not be against cryptocurrencies.
At the moment, the market situation is controversial, someone says that we will grow, someone that we will fall. At the moment, it is unclear what will happen in the future, but now is definitely not the best time for the alt season.
At the moment, the market situation is controversial, someone says that we will grow, someone that we will fall. At the moment, it is unclear what will happen in the future, but now is definitely not the best time for the alt season.
this is not bad time for altcoins, but bad time for stable coins, I feel sad for people who are afraid to buy altcoins now,
because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
Safe? I am afraid i don't think so. I have three different kinds of altcoins and UDST in my wallet, the value of altcoin decreasing day by day, in the meantime, the value of the USDT has remained constant. Anyway, this is a bad time for altcoin definitely. because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
many of this meme token are community driven, the support is immense and every member act like they own it.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
I invest in projects without Bitcoin trading pairs like 0xMR. This way bots cannot dump my tokens when Bitcoin moves up or down. I'm in safe mode. 
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
meme coins is only for the short term, but legit coins with real utility and transparent is an investment for the long term, so the price will definitely increase very high in the future, so you don't need to be afraid to invest in legit coins, because you will definitely get a big profit from investing in legit coins with real utility and transparent in the long term. 
this is not bad time for altcoins, but bad time for stable coins, I feel sad for people who are afraid to buy altcoins now,
because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
because fear makes you delay profits a lot in the future, don't save your money in stable coins, save in altcoins now,
choose good altcoin in the top 100 or top 200 coinmarketcap and you will be safe.
why do you think like that? I think it's just a trend. After all they will return to the old proven coins. maybe by following the meme coin they can get profit faster.
this is a very dangerous time to invest in altcoins, take a good look at what is happening with the price of altcoins versus bitcoin. for example see the litecoin chart of the last days:
the price of altcoins compared to bitcoin is falling every day, it shows that people are taking money from altcoins to protect themselves from eventual disaster or are selling to buy bitcoin, anyway it's not a good idea to buy altcoins in this scenario
I hold alts and believe they will back regarding prices.
the question is: when?
it may take many years for prices to come back
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
That's a lot about the lobby behind it and thee deep pockets behind meme coins. If there is enough money involved to get a serious pump going, you will attract a lot of interests from purely speculative investors. To many people it seems to be more fun to ride waves rather than being part of a serious project.
why do you think like that? I think it's just a trend. After all they will return to the old proven coins. maybe by following the meme coin they can get profit faster.
Investing in shitcoins is not a good idea better to risk hard-earned money on top altcoins. I prefer to wait for the bull season in order to invest more before the altcoins hit ATH. The reversal can be strong but we need to wait for the market confirmation instead of trying to catch market top-bottom points. In the downtrend, trying to find the dip point is like catching a falling knife which can hurt us. Altcoins with reliable potential will recover in the next bull market no matter what happens in bear market. Jump to: