Time to collect altcoins now or later? - page 4.

fzkto

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Quote from: o48o on October 15, 2023, 11:16:12 AM

Quote from: fzkto on October 15, 2023, 10:51:17 AM

Quote from: Rupok on October 14, 2023, 10:54:20 AM

I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

Investments in time-tested altcoins will definitely bring a good profit in the future. The price of many coins has been falling for several years, which means that the rebound will also be very strong. The main thing is not to invest in crap like meme or nft. Now is a good time to put together a bag of good projects and just wait a while to sell. It's not difficult.

Sadly markets doesn't care about fundamentals. It's a pretty much coin toss and depends on the community and hype, more than anything. And if something gets adopted for any reason, for any case, it just means more community and hype.

So you might as well do well investing into memes and nfts if they have large enough community backing. Doge has risen many times and it's all hype marketing without any other substance than a community.

Memes or nft was a hype that eventually ends, but projects like ltc, xmr or xrp constantly have a niche in the cryptocurrency market. Although I agree that any coins may not have stability and there are never guarantees. But it is better to choose for investment such projects, which were able to survive several cycles. By the way, there are such projects among meme coins too.

fmz89

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for me already dca from btc hit 16k, now just sitting on side line, watching carefully how this play out, while i dont want to invest more.
you need some money for life, and some for hardware. alt looks like no desire to move, btc otherwise doing good move and not droping heavyly like alt today

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Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

Any time could be a great time to grab some altcoins if the traders know what they are doing!
If you are not sure with that then just wait until it's actually better, the market is still not a good shape and if we are talking about altcoins even though if we were at bull market then the chance of your picks to pump is still low because the nature of altcoins. You said you want "more" altcoins yet you don't specify your criteria of what altcoins you want.

fullhdpixel

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Quote from: Rupok on October 14, 2023, 10:54:20 AM

I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

As long as you know that the market is relatively lower than where it used to be in the past, and those of us who have been around for quite some time know it's true because we saw the bear market when Bitcoin went to around $15k last year, and we have seen it recovering back to about $31k earlier this year and now it's just a bit lower than that position, but we know that it's still very low and when the market is low, we know it's not a bad time to accumulate.

Those who find themselves confused and aren't being able to decide whether they should invest now or wait, they should simply go with the DCA method and divide their capital into multiple portions and use one of them every time the market dumps a little bit, so that they don't miss any opportunity including the present one.

o48o

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Quote from: fzkto on October 15, 2023, 10:51:17 AM

Quote from: Rupok on October 14, 2023, 10:54:20 AM

I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

Investments in time-tested altcoins will definitely bring a good profit in the future. The price of many coins has been falling for several years, which means that the rebound will also be very strong. The main thing is not to invest in crap like meme or nft. Now is a good time to put together a bag of good projects and just wait a while to sell. It's not difficult.

Sadly markets doesn't care about fundamentals. It's a pretty much coin toss and depends on the community and hype, more than anything. And if something gets adopted for any reason, for any case, it just means more community and hype.

So you might as well do well investing into memes and nfts if they have large enough community backing. Doge has risen many times and it's all hype marketing without any other substance than a community.

fzkto

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Quote from: Rupok on October 14, 2023, 10:54:20 AM

I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

Investments in time-tested altcoins will definitely bring a good profit in the future. The price of many coins has been falling for several years, which means that the rebound will also be very strong. The main thing is not to invest in crap like meme or nft. Now is a good time to put together a bag of good projects and just wait a while to sell. It's not difficult.

AnonBitCoiner

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Quote from: Rupok on October 14, 2023, 10:54:20 AM

I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

Overall market is not performing well. Previous history show that october is best for crypto but we are not seeing any push in market which is sign of fear and low interest of whales. BTC halving is going closer each day and this is the time where whales will like to buy btc rather than accumulating altcoins. I think that the wait will be better at this stage. One small dump will down the altcoins more and then we will get all our altcoins in low rate. I will recommend btc and Ethereum at this stage and for others coins i think wait is better.

This is just my thinking which maybe wrong. I predicted on the behalf of previous history and current market situation but crypto couldn't be predicted 100% correct and sometimes it turn other side unexpectedly.

Rupok

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I think the altcoin market situation is still confusing and Altcoins dump more than the minimum. altcoins are very difficult to predict right now. So is it really right to collect altcoins? My opinion on this question. Those who want to profit by investing in altcoins with risk can invest and if the goal is to hold for the long term, then it seems that starting now is not such a bad idea. Because now would be a good time to invest in altcoins and should definitely be cautious about it.Also we should remember that altacoins are not always profitable, most of the time Altacoins tend to dump.

blockman

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Quote from: WalkerIVIV on September 26, 2023, 08:53:09 AM

as long as the price you see fit then its okay to accumulate, there's no exact time to accumulate because we don't know at what direction the price gonna grow.

Let's say that it's always a good time to accumulate while we're not seeing the bull run. What many do is they only accumulate when they see the healthy market and after that, they don't do it anymore because they're discouraged upon looking at the market.

Quote from: WalkerIVIV on September 26, 2023, 08:53:09 AM

even if you buy at all time high you could always wait it out, but indeed the ideal time is when it got dumped and it already got dumped hard this time around.

That's when the patience is gone anymore from most of these investors. They don't buy when it's low but when it's up, they're buying. We do see the memes out of it that they buy at highs and sell at lows. Well, that meme is for real and hard to change when you're inexperienced but lessons are learned eventually.

JeffBrad12

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you see if the price of altcoins that you planned to invest is already down maybe because corrections, you should be accumulating or DCA.
right now is best time, why? because every coin is still bearish, bullish nowhere to be seen, i know many are afraid to invest right now seeing grim future, but thats exactly why you should go against the current, against what people thinking because that usually means you are taking right path in investment.

Quote from: o48o on September 22, 2023, 06:49:07 PM

Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

I guess that depends on the altcoins you are collecting, but in overall i think this is the right time. At least if your bags are part of the altcoinseason and rising with them.

As a personal note i have a similar feeling all around what i had in 2016. Most of people are in similiar disbelief of the future. It's just harder to spot because groups of people are way larger so you can easily be a part of a bubble of believers, and those groups are big. Groups of dissapointed non-believers are way larger though. I definitely feed altcoin season coming.

its always grim future for when we are in bearish but honestly will bearish last forever i simply don't think so.
there's reason why those whales keep accumulating even when the future of cryptocurrency in general seems like gonna be doomed.

lixer

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Quote from: Renampun on September 25, 2023, 10:53:38 AM

Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

Have you ever heard of a pump and dump scheme on a token? If yes then your risk of loss is quite large (when you buy the wrong token)

I advise you to play it safe amidst this market uncertainty, don't let your dream of making a profit go to waste because you chose to invest in the wrong token. Some of CMC's top 100 crypto assets should be your priority to buy, and stay away from speculative assets that only rely on hype.

It will be pretty confusing if someone goes for the top 100 in the list of cryptocurrencies listed on CMC because when you go for choosing the altcoins you want to invest in, you will need to thoroughly evaluate the coins and tokens and the projects behind them so that you can choose the best ones and your investments don't go wasted. That's why, one should narrow down that list and then go for choosing how many they want for their investments.

If the investor is a newbie, I would suggest they go for the top 20 or maybe 30 and evaluate each one of them very closely and research about them and see how they have been doing in the near past just to have an idea about their recent performance, and then choose the best ones among them.

AnonBitCoiner

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Quote from: WalkerIVIV on September 26, 2023, 08:53:09 AM

as long as the price you see fit then its okay to accumulate, there's no exact time to accumulate because we don't know at what direction the price gonna grow.
even if you buy at all time high you could always wait it out, but indeed the ideal time is when it got dumped and it already got dumped hard this time around.

Bear market is best time to invest when token price down far away from the ATH. Many people thinks that token will again reach ATH but it is not true. we buying coins for profit and we have not to look that we will sell only when token again reach ATH. Similarly people waiting for big dip and missed the chance to buy in bear market. I think when you see potential in any coins which can give you profit and you believe that rising chance is more than just jump into coin and buy 33% and then wait for another dip. In this strategy, investors will not feel regret If token start rising and another chance If token drops more.

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as long as the price you see fit then its okay to accumulate, there's no exact time to accumulate because we don't know at what direction the price gonna grow.
even if you buy at all time high you could always wait it out, but indeed the ideal time is when it got dumped and it already got dumped hard this time around.

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Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

Have you ever heard of a pump and dump scheme on a token? If yes then your risk of loss is quite large (when you buy the wrong token)

I advise you to play it safe amidst this market uncertainty, don't let your dream of making a profit go to waste because you chose to invest in the wrong token. Some of CMC's top 100 crypto assets should be your priority to buy, and stay away from speculative assets that only rely on hype.

bluebit25

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Quote from: o48o on September 22, 2023, 06:49:07 PM

I guess that depends on the altcoins you are collecting, but in overall i think this is the right time. At least if your bags are part of the altcoinseason and rising with them.

As a personal note i have a similar feeling all around what i had in 2016. Most of people are in similiar disbelief of the future. It's just harder to spot because groups of people are way larger so you can easily be a part of a bubble of believers, and those groups are big. Groups of dissapointed non-believers are way larger though. I definitely feed altcoin season coming.

This skepticism is fostered when many suffer losses in a process where they are used to projects being pumped, but there is a repetition in the crypto environment and the game of newcomers early and late (FOMO).

I also agree that accumulation at this stage is feasible, as there is a lot of activity that is quite clear to shape an uptrend in the next stage, which I quite expect of a cycle. Price increases are likely to occur around Q2 2024. In the current context the doubts if removed by the recognition that we can accept losses of about 50% or more due to volatility and be completely confident that the new cycle will bring profits many times over.

o48o

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Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

I guess that depends on the altcoins you are collecting, but in overall i think this is the right time. At least if your bags are part of the altcoinseason and rising with them.

As a personal note i have a similar feeling all around what i had in 2016. Most of people are in similiar disbelief of the future. It's just harder to spot because groups of people are way larger so you can easily be a part of a bubble of believers, and those groups are big. Groups of dissapointed non-believers are way larger though. I definitely feed altcoin season coming.

blockman

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Quote from: Ziskinberg on September 22, 2023, 07:42:53 AM

I could say some people had lost their money from buying into hype projects but it doesn't mean it was a wrong decision because we admit that many were also earning a lot of money from them.

No doubt that there have been a bunch of investors that have earned with those hype projects. The early they get in, the early they get out and that's essential because they know that it's not going to last longer.

Quote from: Ziskinberg on September 22, 2023, 07:42:53 AM

I won't encourage people to invest in hyped projects but never I stop them from doing it. Perhaps, it was even more profitable compared to investing in known coins when you've got perfect timing. But yes, if you've got it wrong and just come during its peak, losses are possible to happen. You'll be wise indeed in the crypto market.

It is their money after all and they're all free to allocate their money in whichever hype projects that they want to put it to. But they need to remember that it's not always profitable because if they do something wrong or late for selling, they're going to see how the fluctuations are really moving these projects either from being a good project and not just all about hype or it's just all hype after all.

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Quote from: peter0425 on September 19, 2023, 06:46:24 AM

Quote from: Justin999 on August 17, 2023, 05:58:55 PM

Planning about collection some MORE altcoins and thats why i manage extra money for that. But market situation is still confusing and today Altcoins dump minimum 10% even more. So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result

Have collected some , but I must admit that there are only few of them stays
in my folio because I focus now in Bitcoin investing , have missed to act such back in 2021 Halving so i willl never lose my chance collecting for this next one.
Invest now mate , but try to manage buying those legit and worth trusting coin and not those Shit and meme coins.

I also do the same accumulating bitcoin for the sake of investing because it has been down ever since and only retaining 30% of all time high which i'm sure gonna be increasing in no time in the future mainly
because it has already down so far I don't think it will lose its value even more.
therefore bitcoin is the most promising investment so far nowadays and currently is the right time to invest.
its just that bullish still uncertain we don't know when will it come but when it come for real the coins including bitcoin in general will be jumping in value and that will be massive profit.

Ziskinberg

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Quote from: Silberman on September 22, 2023, 01:38:47 AM

Quote from: TimeTeller on September 20, 2023, 04:35:04 PM

Thus, it is important to always do your due diligence before jumping on any hype on this market.
As we have thousands of alts, only few of them have bright future, and mostly, only those with solid foundation to begin with.
You will have insights on how they will survive in this market by checking the dev team themselves.
Are they actively developing the project? Are their outputs visible to the community? Are they useful to begin with?
Just few questions you need to contemplate with before thinking of buying in the trading market.

Following the hype is probably the number one reason people invest in all kind of altcoins only to lose everything after their coins dump, and while I can understand why people choose to invest in coins that are hyped, it is very risky to do so, as hype is not something that can last for a long time and it can disappear in a matter of days, so if you happen to invest at the wrong time you could easily lose money that it took you years to save in just a few days.

I could say some people had lost their money from buying into hype projects but it doesn't mean it was a wrong decision because we admit that many were also earning a lot of money from them. I won't encourage people to invest in hyped projects but never I stop them from doing it. Perhaps, it was even more profitable compared to investing in known coins when you've got perfect timing. But yes, if you've got it wrong and just come during its peak, losses are possible to happen. You'll be wise indeed in the crypto market.

Silberman

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Quote from: TimeTeller on September 20, 2023, 04:35:04 PM

Thus, it is important to always do your due diligence before jumping on any hype on this market.
As we have thousands of alts, only few of them have bright future, and mostly, only those with solid foundation to begin with.
You will have insights on how they will survive in this market by checking the dev team themselves.
Are they actively developing the project? Are their outputs visible to the community? Are they useful to begin with?
Just few questions you need to contemplate with before thinking of buying in the trading market.

Following the hype is probably the number one reason people invest in all kind of altcoins only to lose everything after their coins dump, and while I can understand why people choose to invest in coins that are hyped, it is very risky to do so, as hype is not something that can last for a long time and it can disappear in a matter of days, so if you happen to invest at the wrong time you could easily lose money that it took you years to save in just a few days.

Topic: Time to collect altcoins now or later? - page 4. (Read 1432 times)