Reason why I won't be buying top altcoins in this bear market - page 7.

breathlessz

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Quote from: Wawa2013 on June 17, 2022, 08:37:03 PM

Quote from: EmmaGod on June 17, 2022, 08:11:17 PM

I'm personally sceptical of investing during the bear market because we don't have a clue of how long it would last and the extent at which the value of choice projects would drop. So I'll prefer taking a little break from investing or reduce my investing capital to accommodate only few projects that hasn't been hit seriously and trade or hold for short term.

It's true that it's quite risky to invest in a bear market like now, apart from we don't know how long the bear market will end. Choosing to invest
in top altcoins also does not guarantee that we are safe. Because LUNA, which was previously a top altcoin, can end up terrible now. So we really
have to be careful in choosing coins to invest in a bear market like now. Or it's safer we can use the stop-loss feature to prevent us from experiencing
big losses when the coins we buy drop drastically. Maybe what you say is true, sometimes to control our emotions in a bad market situation like now
we need a short break. I admit that the bear market that occurred in 2022 was quite stressful for me, so taking a short break could refresh my mind.
Maybe I plan to take a week's vacation and forget about the crypto world for a while, in order to relieve stress and freshen my mind. So when I return
to investment, I can think of the right steps and strategies.

choosing a top altcoin is also not a guarantee for the future, like your example LUNA. indeed no one knows when the bears will take time. but don't let us miss this situation, to get future profits, because many of us invest when the bullrun occurs, and as a result, because of greed, we experience panic selling, but that depends on each person's analysis. and maybe a short break is needed to refresh our minds so that we can analyze well

Wawa2013

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Quote from: EmmaGod on June 17, 2022, 08:11:17 PM

I'm personally sceptical of investing during the bear market because we don't have a clue of how long it would last and the extent at which the value of choice projects would drop. So I'll prefer taking a little break from investing or reduce my investing capital to accommodate only few projects that hasn't been hit seriously and trade or hold for short term.

It's true that it's quite risky to invest in a bear market like now, apart from we don't know how long the bear market will end. Choosing to invest
in top altcoins also does not guarantee that we are safe. Because LUNA, which was previously a top altcoin, can end up terrible now. So we really
have to be careful in choosing coins to invest in a bear market like now. Or it's safer we can use the stop-loss feature to prevent us from experiencing
big losses when the coins we buy drop drastically. Maybe what you say is true, sometimes to control our emotions in a bad market situation like now
we need a short break. I admit that the bear market that occurred in 2022 was quite stressful for me, so taking a short break could refresh my mind.
Maybe I plan to take a week's vacation and forget about the crypto world for a while, in order to relieve stress and freshen my mind. So when I return
to investment, I can think of the right steps and strategies.

ringgo96

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If the current state of the market, of course, many coins cannot reach the highest value because the correction in the value of the coin is indeed ongoing, so for potential altcoins that are already in the top rank, we can still rely on it, after the market returns to normal then they will definitely increase again, then until now I still rely on altcoins that are already in the top rank, and all need patience.

EmmaGod

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I'm personally sceptical of investing during the bear market because we don't have a clue of how long it would last and the extent at which the value of choice projects would drop. So I'll prefer taking a little break from investing or reduce my investing capital to accommodate only few projects that hasn't been hit seriously and trade or hold for short term.

Abiky

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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.

Most altcoins follow Bitcoin's price movements on the market, so if BTC goes up, altcoins will do the same. Of course, some of them will fade into oblivion as people will move on to the next big thing in crypto. One of the coins I believe will disappear is Solana because of its constant network outages and developers' inability to fix such issues. It's been nothing but pure hype just like Shiba Inu and other "meme" coins. Only projects with a solid foundation built upon them will last a lifetime.

If you're still inclined to buy alts during the bear market, I'd suggest you pick those with "years of experience". Remember to always do your own research before making any investment decision. Ultimately, it's all about Bitcoin. As long as Bitcoin exists, we don't need to look anywhere else. Just my opinion

cheezcarls

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Anything is possible but unpredictable when they are going to reach new all-time highs again. Aside from the almighty Bitcoin, I am targeting to DCA with Ethereum if my average monthly income increases a bit. I am currently focused on DCA'ing with Bitcoin now. Despite that it can be partially true, but I disagree that some of them will never reach their ATHs again. Expect the unexpected whenever if its on a positive or negative trend,

jeha2015

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Quote from: ringgo96 on June 17, 2022, 06:47:58 PM

If the current state of the market, of course, many coins cannot reach the highest value because the correction in the value of the coin is indeed ongoing, so for potential altcoins that are already in the top rank, we can still rely on it, after the market returns to normal then they will definitely increase again, then until now I still rely on altcoins that are already in the top rank, and all need patience.

we are in long correction phase now and maybe need more 6 months to recover. some altcoins back to all time low and for long term investors it is good buying opportunity .bearish trend will not run forever and bullish will come when its time come. we only need more patience to wait it happen.

Iyeman

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Even if it never reaches ATH again, small recovery after this massive bearish already could results in thousand percent profit.
so basically there's nothing really wrong in investing in big altcoins in this bearish market since they already go down so bad that slightest recovery is already great.
it's even more riskier investing in smaller market capitalization altcoins since they always have this accompanying risk of being delisted from the exchange.

LastKiss

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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.

Well if you mean the one that always depends on pump and dump from the community so yeah it won't last long and won't reach new ATH again. We know that many new altcoins always showing up and we know that many altcoins won't last that long especially the ones that have little community and little development. Just buy altcoins that you believe or the top one like ETH, BNB, and others.

btc_angela

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Quote from: Jaered on June 17, 2022, 05:49:08 PM

What you made is a blanket statement which is not entirely true. Especially your second point. Some altcoins have withstood the test of time. Examples include, Ethereum, Binance coin, Tron and a few others. These have held onto the top 10 ranks for years. So yeah, altcoins fall and never get up, but not all of them

Yes, as you have pointed out, the top 10 coins are already in place, investors have trusted them for years because they are solid and prime movers. Not sure about Tron though, in the last bull run, they didn't enjoy what otther altcoins been, with huge success. But in any case, still 50/50, majority might die in this bear market and not survived because it's going to be dry and long grind and investors are not willing to put their money on projects that doesn't have any promised in the future. And they would stick to the old but effective way of investing, go with top 10 altcoins in this worst situation.

serjent05

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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.

Possible. If we are talking about shitcoins and other pump and dump markets.

Quote

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

.
Maybe. This is just a generalized assumption. Would be more helpful if you reiterate what are these coins and why.

Quote

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.

CMC ranking has some tricks on how to get to the top list. The most common trick is by ballooning the total supply. Since ranking is calculated by total supply multiplied by the current market price.

I respect your reasons why you don't want to hop into the altcoin market during a bear market but I would say that you will be missing big time if you miss major cryptocurrency's discount sales during this bear market. And the bear market is the best time to accumulate tokens that we think are promising or have the ability to bounce back.

DoublerHunter

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Quote from: Finestream on June 17, 2022, 04:48:10 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.

Altcoins will always have their lapses and they are not as secured and profitable as bitcoin so there's no reason why people should still consider investing in them despite that most of them fall into scams. However, i believe not all top altcoins are bound not to be profitable, some have established their demand in the crypto community and that their utility cases are still proven effective. So we should be careful in choosing projects to invest so as not to resort into regretting in the end.

^ We should always look at the utility of the altcoins before deciding to invest them because there are some altcoins that there is no real use, they become the top altcoins because they are hyped by the community but the truth is, they don't have utility and they don't have progress on their network.
There is no one who can beat BTC, the decentralized nature of BTC will always make it strong so I don't think there is a single altcoin that can do that and that is why I focused on BTC, not on top altcoins.

Jaered

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What you made is a blanket statement which is not entirely true. Especially your second point. Some altcoins have withstood the test of time. Examples include, Ethereum, Binance coin, Tron and a few others. These have held onto the top 10 ranks for years. So yeah, altcoins fall and never get up, but not all of them

Hypnosis00

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Quote from: cute nmp on June 17, 2022, 04:45:03 PM

I agree with all what you said but highly doubt the last one.It is true that many altcoins will never reach their all time high and the top rank altcoins on coinmarket cap does matter anymore.We are currently in a bear market and I don't think any altcoins has survived this crash since it begin there is a lot of correlation in the crytocurrency market if Bitcoin continue to crash then all other altcoins will do the same tilll btc recover I don't have much hope in other altcoins whether new or old.

Don't get confused mate as actually, OP doesn't see the fundamental nature of the market. How could he say that there is " No chance to reach ATH where the last bull market they had to make it? It is likely he got influenced by his negative emotions, a person like that will surely think nothing but only negative in accordance with what he feels.

Well, for me, I'd keep choosing those on the top listed coins in the market...It doesn't matter if it never reaches ATH but I believe they do well. However, we can't erase the fact that those in the higher ranks have also a higher possibility to make a reliable increase, not just hype.

NewRanger

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Quote from: Cadaver20 on June 17, 2022, 05:44:57 AM

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.

Buying new altcoins is definitely riskier than buying old trusted altcoins. Because many new coins showed huge gain at first but could not survive later. If you can buy new coins at the beginning, you can get huge profit which is not possible from old coin. A few days ago we saw the Terra Luna being destroyed. Since then my faith in the new coin has diminished a lot. Old is Gold.

if we see top cmc coin price undervalue now , why we have to buy new coins that have no developtment progress and have no product yet?alot new coins only a project that used by fake developers to take our money and we have to concern with this thing. alot good coins in buying area and better to have them. look price at btc, eth , bnb, rune, near , pyr its on buying are now.

Teraboy

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Most of the major coins are definitely a better investment than the small ones, it's like the only altcoins that could survive despite having to go through a massive bearish and still left intact.
the other altcoins just gonna get delisted and vanish, but the major altcoins that have high market valuation and also high trading volume gonna survive, overall it's still the less risky investment.

Finestream

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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.

Altcoins will always have their lapses and they are not as secured and profitable as bitcoin so there's no reason why people should still consider investing in them despite that most of them fall into scams. However, i believe not all top altcoins are bound not to be profitable, some have established their demand in the crypto community and that their utility cases are still proven effective. So we should be careful in choosing projects to invest so as not to resort into regretting in the end.

cute nmp

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I agree with all what you said but highly doubt the last one.It is true that many altcoins will never reach their all time high and the top rank altcoins on coinmarket cap does matter anymore.We are currently in a bear market and I don't think any altcoins has survived this crash since it begin there is a lot of correlation in the crytocurrency market if Bitcoin continue to crash then all other altcoins will do the same tilll btc recover I don't have much hope in other altcoins whether new or old.

justdimin

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Quote from: jaberwock on June 17, 2022, 04:43:12 AM

All of the three reasons that you lists are correct. 1, many alts will never reach their ath because not all alts have a good use case but majority of them are just junks and only driven by the hype. 2, no one gets fooled of it don't worry.

The top 20 of cmc is already an high alert zone, I mean it was not the same as the top 3 or the top 5 which coins are rarely replaced on their position because coins on these group are already solid. 3, how many times it happened that a useless alt gets replaced easily by a better alt or a new alt? Many people says that investing in a new coin is risky but if we know how to pick a coin, a new coin can be more worth it than the old coin that we are holding now.

The number one is the most important thing ever. We are here even as bitcoin maximalists keep saying that things will get better and everything will recover, but what we mean really is the fact that we are going to see a ton of coins go back up to ATH but many more will not.

Bitcoin will break above 68k eventually I trust that and ETH and BNB will probably reach there too, but absolutely no others are guaranteed in my mind, some will for sure but I do not know which ones. So if you listen to bear callers then you will think nothing will break above ATH, but if you listen to Bull people, even we do not say that ALL of them will break above ATH again.

Viscore

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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.

Altcoins are always the scammers playground these days so its hard to trust again even for top altcoins particularly that the market is getting more bearish. Instead, stick to bitcoin and focus on accumulating more of it to maximize your portfolio with bitcoin. In the end, altcoins are easily affected by fuds and hypes and they easily drop their value while bitcoin continue to surge and boost its price to reach another ATH.

Topic: Reason why I won't be buying top altcoins in this bear market - page 7. (Read 1417 times)