Reason why I won't be buying top altcoins in this bear market - page 2.

Altryist

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Quote from: Russlenat on July 08, 2022, 02:40:24 PM

Altcoin investment is too risky especially when the market is in a deep bearish. Some may look very tempting because of their cheap value but the question is if they can survive if the market remains to be in a long term bearish. I believe those who don't have real utility cases won't sustain their value and eventually get lost in the market. So do not take the risk investing in altcoins particularly if you are still a newbie. Instead, stick on bitcoin and invest for long term because its the safest investment that would make you profitable as long as you sell it at a high and reasonable value.

In some cases, altcoins can really grow very well, but not all altcoins can do this, and that is why the risk of losing money with altcoins is much higher. Bitcoin is a reliable investment (as far as it can be), in the world of cryptocurrencies today it is perhaps the most reliable investment. It is possible that something will change in the future, but so far there are no prerequisites for this.

RussianEnglishTranslation

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Quote from: Buakaw_Club on July 12, 2022, 03:37:45 AM

Quote from: Beverly_Trees on July 11, 2022, 06:11:38 AM

Quote from: 100xcoin on June 23, 2022, 11:13:26 AM

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

Not all the projects will be able to survive during the fall of the market. So if you are not sure in the future potential of the coin it is better not to invest in it.

It is very important to continue to develop the project during the fall of the market. Fall of the market is very dangerous time for all cryptocurrency projects but the most dangerous is that now economic situation unstable and all market falls.

One thing that helps investing in a down market like this is to either invest in newly launched projects that aren't losing money and investors or in projects that raised a lot of money (like ICP or XLM) and have a big enough war chest to survive a 2-3 year bear market.

Buakaw_Club

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Quote from: Beverly_Trees on July 11, 2022, 06:11:38 AM

Quote from: 100xcoin on June 23, 2022, 11:13:26 AM

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

Not all the projects will be able to survive during the fall of the market. So if you are not sure in the future potential of the coin it is better not to invest in it.

It is very important to continue to develop the project during the fall of the market. Fall of the market is very dangerous time for all cryptocurrency projects but the most dangerous is that now economic situation unstable and all market falls.

kotajikikox

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.

stats? any supporting proofs? but I also agreed in this one.

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2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.

lol , top 20 coins mostly holding their position for years so this bear wont bring them down just like that.

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3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

this is in the lower ranks but rarely in ranks from 1-20 or even in 30's.

but if you wanted to be safer then only put money in top 10 for more secured and safeties .

KaliLinux

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.
2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

This could be right and at the same time, many investors will also lose a great part of their investment investing in new Alts projects thinking that that is how new projects always give good returns. Outside of Investing in Bitcoin, Ethereum, BNB, and a couple of others that have held up well through some bears seasons, others might fail and worse are new projects.

LogitechMouse

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.

This is true and I've seen many coins at the top 10 a few years ago that aren't in the top 10 or even in the top 50 anymore. There are some top 50 coins in the past also and some of them aren't even in the top 100 anymore. I still can't forget EOS since I'm a big fan of it. I'm lucky that I didn't bought some when it is at it's peak at around 20$ back in 2017-2018 because even though we had this bull market, it didn't reach that price anymore.

Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.

Almost the same as the first one.

Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

Uniswap, Polygon, Solana, Polkadot, Binance Coin.
These are only few of the top coins right now that aren't in the top a few years ago. We don't know what coins will emerge in the future. We might see bottom coins right now that will go on top and vice versa. We will see projects that will came out of nowhere and will be on the top like Polkadot. It's unpredictable and that's what's good with crypto market Cheesy

.

CuriousGeorge

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Quote from: Dragonbite on July 09, 2022, 06:49:38 AM

The condition of cryptocurrency market depends on the whole economic situation in the world.
Now cryptocurrency market falls because of unstable economic situation in the world and big inflation.

It could be that the current world economy crisis has contributed to the correction that comes one after another in crypto market in general, regardless though even without the crisis btc would still enter its correction phase since it has had quite the rally that caused a breakthrough in ATH. this current correction was kinda obvious to come since in investment, there's always a correction after massive rally

livingfree

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Quote from: Beverly_Trees on July 11, 2022, 06:11:38 AM

Not all the projects will be able to survive during the fall of the market. So if you are not sure in the future potential of the coin it is better not to invest in it.

It's shaking all the market and that's why many "good" projects will be eliminated and will lose their value on this bear market. Just how it was during the last bear market.

This is where this current bear market is heading.

And I agree to you, if someone is interested in buying some tokens of these projects that they spotted. They need to think of it because they might not survive.

Beverly_Trees

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Quote from: 100xcoin on June 23, 2022, 11:13:26 AM

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

During the fall of the market it is possible to buy cryptocurrency for the best price. But a lot depends how useful is a project and what it offers.

Not all the projects will be able to survive during the fall of the market. So if you are not sure in the future potential of the coin it is better not to invest in it.

bonyaserg

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I can say that no one knows what altcoins will be in demand in the market. But I can say with confidence when the bear market ends, a large number of altcoins will begin to rise sharply and those who bought them at a very low price will receive an excellent income. So now everyone is right in his own way and wants his forecast to be the most correct. It remains only to wait and believe that the prices of coins will soon begin to rise.

Dragonbite

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Quote from: ?? on ??

Quote from: 100xcoin on June 23, 2022, 11:13:26 AM

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

Fall of the market is very dangerous time for all cryptocurrency projects but those projects that will be able to survive during the fall of the market have a big potential.

The condition of cryptocurrency market depends on the whole economic situation in the world.
Now cryptocurrency market falls because of unstable economic situation in the world and big inflation.

Russlenat

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.
2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

Altcoin investment is too risky especially when the market is in a deep bearish. Some may look very tempting because of their cheap value but the question is if they can survive if the market remains to be in a long term bearish. I believe those who don't have real utility cases won't sustain their value and eventually get lost in the market. So do not take the risk investing in altcoins particularly if you are still a newbie. Instead, stick on bitcoin and invest for long term because its the safest investment that would make you profitable as long as you sell it at a high and reasonable value.

RussianEnglishTranslation

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It's true that some alts will fade away and never recover but investing in new projects is always risky because most new projects are just scams. The only legit new project that I have found recently (be aware that I don't follow NFT projects) is CNDL chain. It's an L1 engineered to host metaverse DApps. As far as older alts that will survive and reach the top 10... I think we will see NEAR, IOTA, and XLM reach the top 10 in this next cycle.

DanWalker

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Quote from: icalical on July 06, 2022, 08:28:55 AM

Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.
2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

1. Not for Ethereum and BNB, they will most likely hitting a new All-Time high when the crypto bull finally come, together with Bitcoin.
2. I don't think so, most the top 20 coimarketcap coin has proven that they can survive the current bear market that has happening since earlier this year.
3. The top altcoin has been quite the same for the last couple of years, and crypto hasn't been here for so long, so I don't get which history you are talking about.

1. Ethereum and BNB are 2 exceptions that OP didn't mention, after every bear cycle, ETH always hits a new ATH following bitcoin.
2. Ranking is something that can prove the true strength of that coin in the market compared to the rest, the better the coin, the higher the position.
3. The crypto market is extremely harsh, so if you can't change, don't grow, you can understand that you will be replaced with something better. Look at bitcoin, no one has ever replaced it because no one is really better than it till now.

$anounimus$

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.

Some will speculate that the altcoin market is dead but I think that in its own cycle, there are bull coins and bear coins. I suggest you only invest in the top 5-10 altcoins with the highest potential because money invested in all of them is risky especially if you don't know the details and try to enter new projects that come to the market.

For the most part, this is a good time to buy the top altcoins with potential. Even though the market is currently in a bear market, there are still plenty of opportunities for those who are patient. Of course, that doesn't mean you should throw your money into any altcoin you look at. Diversify your holdings, research each idea thoroughly, and make sure you know exactly why a particular coin or token has the potential to succeed over time.

icalical

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Quote from: CryptoATM on June 16, 2022, 07:31:34 AM

1. Many altcoins will never reach their all time high again.
2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.

1. Not for Ethereum and BNB, they will most likely hitting a new All-Time high when the crypto bull finally come, together with Bitcoin.
2. I don't think so, most the top 20 coimarketcap coin has proven that they can survive the current bear market that has happening since earlier this year.
3. The top altcoin has been quite the same for the last couple of years, and crypto hasn't been here for so long, so I don't get which history you are talking about.

Argoo

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In general, this is so. Each deep and long bear season ended with a significant part of the altcoins leaving the cryptocurrency market forever, and there were also certain changes in the top ten and twenty of the CoinMarketCap table. Apparently, this will be the case this time as well. But the top altcoins that have stood the test of time, I think, should not be afraid. If anyone doubts that we have not yet reached the price bottom, you can still buy potential altcoins in parts. This has always served as a certain guarantee that we will not make major mistakes.

GelatikKembar

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Quote from: Gozie51 on July 03, 2022, 12:29:36 PM

Quote from: altixz on July 03, 2022, 05:38:47 AM

Now all market fall and it is very difficult time for all the markets. Now many people lost their assets and they do not have enough money to continue their investments.

No body should regret because it is advised to invest with money that you can avoid to lose and you are still cool with your decision. For the newbies side, you are also advised to study the system before you diving into investment. If you have only profit in mind, you will always buy wrongly, you buy coins that are just pumping but with no use.

Exactly because it is very important to learn and understand all things related to investing or trading before doing that,
it's clear when we want to invest or trade the aim is to make a profit and everyone wants the same thing,
so what has to be done is of course how to make a profit from trading or investing

Angry_Kitty

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Quote from: altixz on July 03, 2022, 05:38:47 AM

Quote from: 100xcoin on June 23, 2022, 11:13:26 AM

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

Now all market fall and it is very difficult time for all the markets. Now many people lost their assets and they do not have enough money to continue their investments.

People do not know in what projects to invest because fall of the market is very risky time as not all the projects will be able to survive during the fall of the market.
Also because big inflation many people simply do not have money for life and they sell all their assets just to get any money.

Shasha80

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Quote from: Gozie51 on July 03, 2022, 12:29:36 PM

Quote from: altixz on July 03, 2022, 05:38:47 AM

Now all market fall and it is very difficult time for all the markets. Now many people lost their assets and they do not have enough money to continue their investments.

No body should regret because it is advised to invest with money that you can avoid to lose and you are still cool with your decision. For the newbies side, you are also advised to study the system before you diving into investment. If you have only profit in mind, you will always buy wrongly, you buy coins that are just pumping but with no use.

Actually for people who have good knowledge of the crypto world, the current bear market is not something to worry about. Even if we plan
to invest when there is a bear market, this is a recommended step, because we can buy coins at low prices. So when the bull market comes
we can make big profits, the problem is that not all coins are worth buying when a bear market occurs. Therefore, it is very important when
we plan to buy coins in a bear market situation, we must already have good research and analysis skills. So that we can make the right decisions
to determine which coins are worth buying, so we can avoid investing in the wrong coins. Then another important thing is that we must invest money
that we can afford to lose, so if after we buy the coins the market gets worse, we can casually hold the coins we have until the market recovers and
there is no need to cut losses.

Topic: Reason why I won't be buying top altcoins in this bear market - page 2. (Read 1392 times)