Reason why I won't be buying top altcoins in this bear market - page 8.

Jackl87

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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 only partly agree with you here. There are definitely examples of coins that were in the top 10 a few years ago but that are now in the top 50 or even lower in the coinmarketcap ranking so of course just because a coin is in the top 10 or top 20 now does not mean that they will still be there in a few years. That being said, i have a very hard time to imagine that coins like Ethereum, BNB or Solana will really become completely irrelevant. I mean even if they are losing their ranks in a few years to other projects then i would still expect them to have a higher price then in comparison to at the moment.

Captain Corporate

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Quote from: Xal0lex on June 17, 2022, 02:59:24 PM

This is no indicator at all, the top 20 has never been a constant.

People needs to hear this a lot more, this is not something that can be emphasized more. I mean people see top 10 coins, and think that all those top 10 coins will be awesome in the future. Go back to 2014 and check the top 10 and see how many are here today, go back to 2015,16,17,18,19 even 20 and 21, because there are some changes even from that recently. Top 10 changes, let alone top 20 which changes even quicker. So people need to realize that there is no guarantee that you will make a profit if you invest into something at the top. Sure btc, eth and bnb looks solid, but all others are build on quicksand if you ask me.

EmmaGod

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I'm in agreement with the fact that we may never see some top altcoin after this bear season. Most altcoin are short lived in the sense that some may lack the capacity to continue especially if the bear continues for a long time. Most Altcoins lacks solid foundation and could be easily uprooted when the market is not favorable.

Xal0lex

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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.

Naturally, most of the altcoins on the market are pump&dump schemes, they are created during a hype for the sole purpose of making money for their creators.

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.

This is no indicator at all, the top 20 has never been a constant.

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.

That is the mistake of investors, who buy hype coins and start holding them for years, not realizing that they have already served their purpose and no one needs them anymore. This is what I've been trying to explain for a long time to investors in various NFT and GameFi projects. That they will not grow in the next bull run, they will be replaced by other altcoins.

Altryist

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Quote from: yazher on June 16, 2022, 08:42:38 AM

Some of your arguments are right and some needs to be corrected. for the altcoins that will not gonna survive this bearish market, I'm sure there are lots of them who will also give up their project and be replaced by another that has real road maps to follow and have real teams to do the promotions. that's why we need to be careful not to listen to those who will gonna take advantage to promote their project and they will gonna perform rug pull, that will be the worst thing to happen to you if you fell into those kinds of traps.

You know, I saw quite a few projects that had very ambitious plans, a good roadmap and a good team, but the price of the token only fell periodically. As a result, this led to a decrease in trading volumes and to delistings from exchanges. I'm not saying that all projects are equally bad, but small-cap projects are the most hit in a bear market. And the first point is often true for many tokens that have survived a bear market - 1. Many altcoins will never reach their all time high again.

The Cryptovator

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It happened previously. Many altcoins haven't broken previous ATH although Bitcoin broke a couple of times. But it doesn't mean we shouldn't invest in major altcoins. Even if it doesn't break ATH but it would multiply your investment. Right now investing in altcoin is quite risky due to Bitcoin volatility. The total market is shaky now. We don't know when the market will collapse more than right now. So I won't agree with your all points.

molsewid

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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.

Maybe yes, because of the bear market we will be having new set of top coins in the market in the next few months, but I think I will still buy those coins that are in the top 10 or top 20 , it is old projects yes and we should consider the fact that they already have many investors who keeps them at the top, it will not go low too much but it will all depends on the strategy of the team as well.

0verseer

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Quote from: SyndicateLabs on June 17, 2022, 06:03:05 AM

Not only the top altcoins but also the bear market. Most of us only see large drops of many coins. Even BTC is similar. But honestly, that's not the reason for me to look at top altcoins' whether it's worth investing in since, as cited by the OP, I think investing requires a specific plan like preliminary research. set about choosing and building for it a specific strategy to make a profit, not just buying something indiscriminately and waiting for it to increase in price in the future.

It was investment 101, buy the altcoins you think will be the future of crypto. This means it will have a strong recovery bound when the market swings back to bull mode. In the bear market, altcoins drop further than BTC since BTC dominated so you shouldn't invest in even top altcoins yet.

Rampagoe004

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https://duelbits.com/

Not all top coins as you said, because there are some top coins we can indeed rely on in the long term, but with the current state of the market, of course, all coins are in decline so we need patience in dealing with this, so altcoins such as bnb and ethereum can still be relied on, but for others we have to consider.

virasisog

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Quote from: Z390 on June 17, 2022, 12:55:32 PM

Old projects are suppose to give investors that confidence of surviving because new projects mostly come and go, projects like solana and matic for example should give investors more peace of mind than new altcoins, I don't know why you said top altcoins aren't good choice.

For me, it will be better to risk than old coins than new projects. Old coins already put up a good reputation and established a good foundation. They have been through different situations and resisted all the challenges of the bullish and bearish market status and that's what new projects are trying to reach but unfortunately, some of them still fail. Old coins have proven us a lot and even provided us a good profit through holding them so if I were to choose where to risk my funds? I'll invest it in old and well-established coins.

Z390

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Old projects are suppose to give investors that confidence of surviving because new projects mostly come and go, projects like solana and matic for example should give investors more peace of mind than new altcoins, I don't know why you said top altcoins aren't good choice.

ledu_ico

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Education-Ecosystem

You are very right, most altcoins wont survive. They are those ones without usecase. Have you give a thought to $LEDU
https://ledu.educationecosystem.com/
https://twitter.com/eduecosystem1
https://t.me/ledu_token

Samurai trieng

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I think this is a very natural thing to happen, because crypto users are very sad and disappointed with LUNA even though recently the coin has been revised to version 2.0, but this doesn't necessarily make the of Luna holders before it come back easily, I I think this is the main reason why Luna 2.0 continues to decline.

RussianEnglishTranslation

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It's true that many altcoins will not see their previous ATH
The top 20 will change drastically- true
It's true that many chains will be replaced with new ones like CNDL and Lamina1 and that these projects will have higher gains during the next bullrun

Kelvinid

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win lambo...

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.

There is one thing I say to you OP, don't make an early prediction as it only fails someday.
I think you should have to consider these things:
1. unpredictable market
2. don't get fooled by negative hearsays and speculations, they have no basis for it - potential altcoins gains high ranks, they might change their ranks but never say they die
3. History had also proven that it never happens again - we instead looking forward rather than remembering the past

Cadaver20

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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.

SyndicateLabs

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Not only the top altcoins but also the bear market. Most of us only see large drops of many coins. Even BTC is similar. But honestly, that's not the reason for me to look at top altcoins' whether it's worth investing in since, as cited by the OP, I think investing requires a specific plan like preliminary research. set about choosing and building for it a specific strategy to make a profit, not just buying something indiscriminately and waiting for it to increase in price in the future.

GowithMi_GMAT

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although I agree with points 1 and 2 but not too bad if you plan to invest in it or at least already in the top 10. it's just that you also need to monitor your investment portfolio to ensure the value of the coins you invest does not decrease, given the weakening crypto market conditions.

ultrloa

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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.

Coins are the one which get listed at the top if there's a token maybe we can only see them on more lower at the rankings. Also I trust the top coins more than any altcoins which struggle to enlist at the top because obviously those tokens died especially when there's a bear market season happening. So I guess you need to change your point of view if you want to earn and also alway DYOR.

okorieemmanuel

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Quote from: isaac_clarke22 on June 16, 2022, 05:21:14 PM

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

~

You might not say the same for Ethereum, bud. I believe it is been there since. Obviously Bitcoin will stay in #1 and it would be there as long as we wanted to but since you're mentioning altcoins, I wouldn't look into that.
Altcoin ranks like around >Top 5 had changed for quite some time. I even recall some user here showing the snapshots of CMC back in previous years and I recall when Dogecoin was like in top 5 though someone could correct me if I am wrong at that.

Through this year, Tron has been a bit stable. People got quick profit there. I wonder why it didn't enter your analysis. Anyway, if you don't but alt coins, you would not reap the dividend when others do. I'll advise you to monitor and reevaluate your stands in time before it is too late.

Topic: Reason why I won't be buying top altcoins in this bear market - page 8. (Read 1417 times)