Topic: Recommend me altcoin to DCA till halving - page 6. (Read 1113 times)

Then it is strange that you want to use DCA in a rising market. This strategy should have been used last year, when prices were constantly falling, updating their bottom. Are you sure you understand the meaning of this strategy and the meaning of such action as averaging in general? The market is such, that there is no sense to use DCA, just wait for some good correction to buy more coins. But you have to buy only on falling markets, and not vice versa.

First of all, I must be honest when I say that the cryptocurrency market is still quite small in size compared to other financial markets such as gold, stocks, real estate,... And the answer is about potential. its price increase in the future I think there is. But referring to the btc halving event to talk about the next bull cycle I think this is possible, and there will be a lot of options but first btc will go up and then altcoins after, so so I would still recommend OP to use DCA for btc before thinking of altcoins.
Even so there are a lot of top altcoins in the market with great potential, and I nominate Internet Computer (ICP), the future of big ICP will be based on the evolution of blockchain technology and the market demand for it a decentralized software and data exchange platform. With the platform's goal of helping large web applications run faster and with greater security, ICP could become an attractive option for large companies and organizations in the future. However, it should be noted that the cryptocurrency market is very volatile and unpredictable. Investing in ICP or any other coin comes with risks. It is important that investors carefully evaluate the factors related to technology, community, governance and finance of ICP and make a sound investment decision.

I thought it could never be altcoin season at all if we're still in a bear market. The halving is still next year, surely any type of bullish season would not be this year?

Bitcoin price influence most of altcoins, not all altcoins, it's mean even though halving will happen, the altcoins will not follow the bull trend.

If you want to DCA on other coins, it's better if you choose want you believe. If you ask someone to recommend a coin to DCA, many people will shill their own coin and they will promise a crazy return that will make you interested.

Gambling is better based on your own choice.

You should also consider it's not always the price of the coin, what if the circulating supply of that coin is extremely low and that's why the price is above $100, think also about the tokenomics, the FDV of that project.
About DCA, I highly suggest you do it on high market cap altcoins which have a lot of reputation because it will help your fund safe, don't go for high returns because the risk there is also high.

Hey mate I think you have misunderstood some terms and you were not suppose to use them in this thread unless and otherwise you have more explanation to offer to help broader our understanding of what you mean first the under-listed words seems inappropriate in this content.

1: DCA
2: halving

As both terms do not have a direct correlation with altcoin, while the first mean dollar cost average and if you apply this mechanism it then means you are stocking your assets in dollars, but in this case, you mentioned that you want to buy and hold some altcoin till halving which is not DCA in practice.

Secondly,  halving is associated with Bitcoin and unrelated to altcoin so in the content you may have a misunderstanding if you use that term for altcoins unless you are speaking on the general possibility of market increase after Bitcoin halving.

I'm actually interested in "betting" some into projects that offer Layer2 network scaling. I noticed that since the existence of polygon matic which was considered successful, several other projects (with a similar concept) also had the same success. At least until the next bullish halving, this type of project still has a chance to follow the market trend.

DCA seems to be used in BTC only. If you want to invest in altcoin just buy in bulk with your allocated amount for it like $500-1000 for every altcoin you see potential. But just buy the altcoin with a price that is below $1. It would be too much to invest a lot in tokens with a price of more than $100 already when you could have a massive profit from altcoin that is worth $0.10.

First, why you wanted to buy coins below $100? I mean what's the difference if you bought a coin below a hundred dollars, and a coin that's above a hundred dollars? I can't see the reason behind it because you can still buy Bitcoin even if you don't have $100, and you can also buy Ethereum even if you don't have $100.

Well, DCA on altcoins in a bear market isn't a bad thing like what other are saying here. I mean if you go buy Ethereum monthly, you sure will get profit over time. Now to answer your question, I guess just go pick those top coins out there who's below $100. LINK, ADA, DOT, SOL.

If you wanted to go DCA into altcoins, I'd suggest go buy Ethereum.

First I will advise not to focus on price while investing in cryptocurrency. Another advise is to always consider bitcoin and Ethereum while investing and the reason is bitcoin is very important in the life of cryptocurrency and Ethereum is very important in the life of altcoins. You can invest whatever amount you want in Satoshi for bitcoin and units of Ethereum. And another advise is if you want to invest in altcoins, dogecoin and Litecoin looks good, they are both used in gambling casinos which means they will be relevant for a long time unlike other altcoins that have not been recognized in crypto investment.

Doge can be a good option because it is always somehow in the trend thanks to Elon Musk and other activity that has kept it relevant over the years.

OP for any altcoin or altcoins you choose to DCA, ensure that Ethereum is a part of them, because it will first show the effect of the halving as the most reliable altcoin.

dogecoin and LTC are my first choice to hold when it comes to altcoins because i also use them to play in casinos. doge is my priority as its fast and it's constantly increased in value since the time it dip to $0.07. it's lighter to worry about while holding doge because i know it became the most popular altcoin due to Twitter.

the cheaper it is, the better for an investor to buy doge while BTC halving has yet not happened.

First off coin price is not relevent probably more so the market cap of a coin.  But either way if you are looking for a good project that should have a good run up through halving would be MATIC/POLYGON. Project has been progressing nicely and is hovering in a good price range at around $1.15.  Either way DCA isn't a bad strategy through the halving.  Good luck to you.

This is not financial advice.
I would not recommend to DCA any altcoins, I would personally not do so but if you still want to, be sure that is an altcoin which is likely not to dump to very low levels this year and has a very long history in the market. There are alts which I would like to DCA, like Monero but the fact it does not have a capped supply turns me down.

Buying very small coins instead Bitcoin, specially having expectation on the next bull run can be very risky, why not just to stick to Bitcoin and Ether?

Then I think that you're willing to go with those altcoins that have billions of supplies because they're less than the price of $100 and you'll get to have them more.
As you've mentioned like you're gambling with that money that's the first thing that I've thought of. But there are other coins like Matic, ada, and dot that are in the range of what you're saying for their price. It may be a tough decision for you to make if that's the plan you have in your mind. But since it's your money and you know the risk and that there's a certain plan that you want to do, I just wish you all the best and hope that you may find that altcoin of your choice.

Hot ones are XRP and DOGE. XRP is quite noisy recently because on the emphasis on its issue against the SEC, if it happen to win the case then we could expect a huge leap on its market value but if not ofcourse the other way around will occur, problem is not knowing when will the issue be finished. DOGE on the other hand is also becoming noisy because of its increase on the past few days which made the idealization on its value again, alive. Now is believed to be the start of Altcoin season and  popular ones in this market could lead the uptrend for alts, more than the low cap ones. Just be sure to not enter too early and wait for accurate neckline of the charts. If it is DCA, I'd still not suggest futures trading but dpot trading would be better especially if you are into long holding period.

   -    I think dca can probably be implied in altcoins that you know are top listed in the market. Because once the value of bitcoin starts to increase, other cryptocurrencies are also possible to follow the rise of bitcoin's value.

Some of the examples are that if the value of ETH increases, all the coins under it can also increase, the same goes for MATIC, if its value increases, all the coins under the polygon will also increase somehow.

I would say Cardano, Render token.

It is because bitcoin is the market mover and whatever things that happens to bitcoin affects altcoins. If bitcoin halving will truly lead to bull run, altcoins won't be exempted in the market growth.
If I want to day trade in altcoins what I use to study the marker is bitcoin chart and it works for me.

I know that DCA is for bitcoin but I want to try the gambling but it seems that everyone is not in support of the move.

DCA in altcoins? It's not investing, it's gambling, especially if we're talking about relatively young assets. My opinion is that DCA in cryptocurrencies can only be safely applied to bitcoin. Altcoins have no bottom, so all these attempts to average your positions can only worsen your position. Given the fleeting life of altcoin trends, you can forever be left with candy wrappers instead of money.