Reason why I won't be buying top altcoins in this bear market - page 6.

serjent05

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Quote from: indo1 on June 18, 2022, 09:58:04 AM

Learn from LUNA who has been attacked, even though LUNA is in the top 10 in CMC, it can still collapse just like that.

I don't buy the news that the LUNA has been attacked. I think it is an inside job since the developer issued an order of increasing the old LUNA supply with the idea of getting funds out of the inflated daily creation of the old LUNA tokens. LUNA collapsed because of the incompetence of the dev by making a wrong step toward solving the issue.

Quote from: Tomohisa on June 18, 2022, 12:59:59 PM

Because Ethereum was at second behind Bitcoin for years. Doubt any coin could flip and replace ETH under any circumstance of the crypto market. When the whole market goes down, top or bottom doesn't matter, they will go down along with it. What matter is that top coins have a strong community and more holders, they can't turn to zero easily. For bottom coins, they have none of that so they can crash down to near zero and never recover.

In due time, the top coins will be replaced one by one. Remember Litecoin being replaced by ETH? Way back Litecoin had been considered silver and Bitcoin being the gold.

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Quote from: Cornia on June 18, 2022, 11:02:16 AM

Of the top altcoins, only Ethereum has been able to maintain its position. Rest do not able to maintain its position. They are constantly changing positions among themselves. So today you bought a top altcoin, 2/3 years later it may not be top altcoin. It is not advisable to buy any coin during the current bear market. In the same way, buying any coin during bull market is profitable most of the times.

Because Ethereum was at second behind Bitcoin for years. Doubt any coin could flip and replace ETH under any circumstance of the crypto market. When the whole market goes down, top or bottom doesn't matter, they will go down along with it. What matter is that top coins have a strong community and more holders, they can't turn to zero easily. For bottom coins, they have none of that so they can crash down to near zero and never recover.

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Quote from: CryptoATM on June 16, 2022, 06:31:34 AM

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

It will not be true for ethereum and bnb coin. ETH is also an altcoin and I don't think it needs to prove to you anymore based on what it has performed in the market over the years, BNB is an altcoin that seems newer than ETH but it is backed by the largest centralized exchange in the world and the bsc network is also a formidable competitor to eth and its position since 2018 has always been firmly maintained.

Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

If talking about the top 20 on CMC, I will agree with you, because a lot of coins in this top will not be able to continue to grow after the bear season. History has shown us.

Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

The market is tough and ever-changing, so if you don't keep up, you'll soon be out.

Cornia

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Of the top altcoins, only Ethereum has been able to maintain its position. Rest do not able to maintain its position. They are constantly changing positions among themselves. So today you bought a top altcoin, 2/3 years later it may not be top altcoin. It is not advisable to buy any coin during the current bear market. In the same way, buying any coin during bull market is profitable most of the times.

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Quote from: Semar Mesem on June 18, 2022, 09:17:24 AM

I think hold top coins or new coins when the bear market has something in common, maybe new coins can fight the market, namely keep pumping, but how long can it pump? but for the long term, I think investing in the top ranks is safer than new coins.

Not many new coins can survive in bear conditions like now and you will also find some new coins that die due to a never ending bear market so the choice will eventually stay at the top like Bitcoin and also some old altcoins that have proven to be good in the market. So it's not the same because every project always has a fundamental difference.

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If you think about it, there is some truth to it, sometimes buying and investing in the long term seems just a waste of time. What we feel after being in a bear market is the emptiness of losing a large asset. Learn from LUNA who has been attacked, even though LUNA is in the top 10 in CMC, it can still collapse just like that.

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Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

I guess you are well experienced and know how to look at the condition of the market, all these three points are all correct, and have experienced that myself, coins now come and go hype cool down and if you just follow the hype you will be in trouble of losing all you've got, it's better to just concentrate on coins which proven there worth in the market in times of bull and bear market, gone are the days when new coins are developed by experienced and dedicated developers.

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Quote from: Kadal Ijo on June 18, 2022, 05:49:55 AM

I agree that Invest Top Coins when Bear Market is an error, it's better to invest in new projects or new listed coins and for the list of new listed coins or new projects we can observe at Coinmarketcap or Coingecko, profit opportunities are easier for us to get if we invest In new projects are not top rank coins.

What is definitely an error is to invest in random tokens non making research about them. Of course popular top tokens will hardly make as much x as a perspective newbie but most of them are much less risky as well. So it is good to invest in some new tokens but it can be so that all that investments will go to 0 and you should be ready for that. Investing in good old assets is not a mistake, it is a cautious investing.

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I think hold top coins or new coins when the bear market has something in common, maybe new coins can fight the market, namely keep pumping, but how long can it pump? but for the long term, I think investing in the top ranks is safer than new coins.

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Nothing lasts forever

I think OP is partially correct. There may be some altcoins which may not hit their ATH again but we can never know which those coins would be.
At the same time, its the altcoins that rise more in a bull market so avoiding investing in altcoins would be again a major missing for the bullish gains.
It all depends on how good we are at coin selection. The game is to enter a good trade at a good time.

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Quote from: Kadal Ijo on June 18, 2022, 05:49:55 AM

I agree that Invest Top Coins when Bear Market is an error, it's better to invest in new projects or new listed coins and for the list of new listed coins or new projects we can observe at Coinmarketcap or Coingecko, profit opportunities are easier for us to get if we invest In new projects are not top rank coins.

Really?
As you could see, the majority of these scam projects are new projects. If you are trying to say that they are more reliable than those on the top 20 coins, you are wrong. Those on the top rank are based on their market capitalization (if I was not wrong). It was to know that this will affect their prices and investors' market view. Like to say new projects are mostly in hypes which gives chances to earn more but on the other side, these projects seem to give losses if misses the chances. If you think about long-term investment, don't get fooled by these new projects instead, choose the old and top-listed coins.

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I agree that Invest Top Coins when Bear Market is an error, it's better to invest in new projects or new listed coins and for the list of new listed coins or new projects we can observe at Coinmarketcap or Coingecko, profit opportunities are easier for us to get if we invest In new projects are not top rank coins.

Godday

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I totally agree with what you have said. I mean we should understand that altcoins are not a good choice in these bear market times. I prefer to put my funds on coins or tokens that already have good fundamentals in the market and of course they are not altcoins. I am a person who prefers to invest on the long term and I think that is the best choice I can make.

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Quote from: Lantind on June 17, 2022, 11:35:42 PM

Quote from: Godday on June 17, 2022, 11:25:21 PM

I totally agree with what you have said. I mean we should understand that altcoins are not a good choice in these bear market times. I prefer to put my funds on coins or tokens that already have good fundamentals in the market and of course they are not altcoins. I am a person who prefers to invest on the long term and I think that is the best choice I can make.

The bear market is not suitable for buying altcoins, this will create a lot of speculation if it continues to be forced to buy, therefore it's good when market conditions are like now, investing in coins that have strong fundamentals, strength and utility at market times back on the green line, at least the coin gets the top 5 place the correction phase is complete, if we are not on a coin like this, then the return on investment will not produce maximum profit

Only Bitcoin, Ethereum and BNB are likely to be irreplaceable in the market because these three coins have so far received very high trust from the public so that even when the bull market has returned and many new coins have emerged that are built with better technology but I don't think it makes investors leave the three coins because the three coins have proven to be able to provide greater returns than investing with coins that only rely on hype.

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However, looking at the current state of the market, it is seen that the value of many coins is dumping.The major Altcoins have high market value and high trading volume.This is a good buying opportunity for long term investors.Because investing in the top altcoins in the bear market is one of the best opportunities.Many altcoins are only going to be listed and some will be extinct. Overall this is still a low risk investment. I don't think it is possible to make a profit with a short term investment, because the market is not good now. So it is necessary to make a long term investment now.

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Quote from: S3300 on June 18, 2022, 12:09:34 AM

Quote from: ilovealtcoins on June 17, 2022, 10:40:24 PM

Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

It is true that the top altcoins will be replaced by a better project after every bear season, but that means the crypto market is harsh and breathless if you don't change or grow, you will soon be replaced and removed. If they work hard to build the project and always update to keep up with the times, they can still exist and maintain their position like the way bitcoin and Ethereum did.

Yes you are right but the chances of making significant gains will be lower compared to new altcoins with good utility, its better to replace some old coins with new coins in your portfolio because that's the way to get better ROI in next bull market.

I think for new altcoins we also have to really have expertise in choosing, because not all new altcoins also have a long life,
fundamental analysis also determines how new altcoins can reach 10x, but if we choose top altcoins,
and of course all fundamentals has been proven, so capital security can be guaranteed.

S3300

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Quote from: ilovealtcoins on June 17, 2022, 10:40:24 PM

Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

It is true that the top altcoins will be replaced by a better project after every bear season, but that means the crypto market is harsh and breathless if you don't change or grow, you will soon be replaced and removed. If they work hard to build the project and always update to keep up with the times, they can still exist and maintain their position like the way bitcoin and Ethereum did.

Yes you are right but the chances of making significant gains will be lower compared to new altcoins with good utility, its better to replace some old coins with new coins in your portfolio because that's the way to get better ROI in next bull market.

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Quote from: Godday on June 17, 2022, 11:25:21 PM

I totally agree with what you have said. I mean we should understand that altcoins are not a good choice in these bear market times. I prefer to put my funds on coins or tokens that already have good fundamentals in the market and of course they are not altcoins. I am a person who prefers to invest on the long term and I think that is the best choice I can make.

The bear market is not suitable for buying altcoins, this will create a lot of speculation if it continues to be forced to buy, therefore it's good when market conditions are like now, investing in coins that have strong fundamentals, strength and utility at market times back on the green line, at least the coin gets the top 5 place the correction phase is complete, if we are not on a coin like this, then the return on investment will not produce maximum profit

ilovealtcoins

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Quote from: CryptoATM on June 16, 2022, 06:31:34 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.

It is true that the top altcoins will be replaced by a better project after every bear season, but that means the crypto market is harsh and breathless if you don't change or grow, you will soon be replaced and removed. If they work hard to build the project and always update to keep up with the times, they can still exist and maintain their position like the way bitcoin and ethereum did.

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You can see right now, that cryptocurrency traders are taking heavy losses and desperately waiting for the “Storm” to end, surely others who have joined the industry know that investing in the top altcoins in a bear market is one of the best opportunities and they have take profit with that. Many altcoin investors will likely regret their decision when they see how much money they can make in the next bull market.

In my opinion, it is important to have a diversified cryptocurrency portfolio. Take advantage of the low prices and hype surrounding a particular coin, but don't be afraid to think long term either. Many coins that are experiencing a current decline will recover in future financial markets and altcoins that fall by the wayside may not get another chance. out more than others.

Topic: Reason why I won't be buying top altcoins in this bear market - page 6. (Read 1417 times)