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Topic: Time to collect altcoins now or later? - page 7. (Read 1432 times)

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August 31, 2023, 11:35:09 PM
#57
now is the right day to invest or DCA our favorite cryptocurrency, because now the cryptocurrency market is being corrected and of course we shouldn't miss this opportunity to buy cryptocurrency that we want to invest, because when the price has recovered, then of course we will immediately get a big profit from investing in cryptocurrency at this time.
legendary
Activity: 2086
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August 31, 2023, 01:55:15 AM
#56
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 think you missed the chance that time but hoping that you get one recently when market drops once again(though it recovers already today)
sometimes what we need to do is buy when our funds is ready and never hesitate of what the market is acting , either it is dumping or even when it is increasing ,
just state if how long are you willing to keep that coin inside your folio.
not unless you are only for daytrade?
then yeah consider differently.
It's never really too late to make money, you could make a profit from crypto anytime as long as you invest and willing to wait for it. Even people who bought bitcoin at 60k will eventually make a profit, the difference is that you would have timed it badly and you would have to wait for a long time but you would still make a profit one way or another. This is why if you invest right now, you will be making a profit anyway so you should be careful about it.

I personally believe that it will be a good time to invest, and we should be careful about it. I get that it is not that simple, but it would not be impossible to calculate the timing neither. Like for example right now is a great time to buy, it is low enough that it will go up and make you richer.
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August 30, 2023, 11:36:04 PM
#55
If you always pay attention to the market, then you might miss the moment to stock altcoins when the price has risen high. If you plan to collect the altcoins you invest in, then do so from now on. even if it's little by little, it could become a lot in the future without you realizing it. Besides that, altcoin prices are currently still affordable, especially when prices drop, it can be your chance to collect more.
Many people wait for the right moment so that sometimes they actually miss it.
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August 30, 2023, 02:55:28 AM
#54
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 think you missed the chance that time but hoping that you get one recently when market drops once again(though it recovers already today)
sometimes what we need to do is buy when our funds is ready and never hesitate of what the market is acting , either it is dumping or even when it is increasing ,
just state if how long are you willing to keep that coin inside your folio.
not unless you are only for daytrade?
then yeah consider differently.
Did you collect some altcoin when price drop drastically last week? today several altcoin reach to higher price more than 10% since price going drop and you can earn much profit without few days holding. Good news winning against SEC seems reason why several altcoin raise to higher price and Bitcoin most drastically up today.

Current right now, waiting is better than investing because few percent up and has chance for several altcoin will back to lower price, you can put buy order right now but few percent lower than current price and waiting without several days later will get correction.
that's what I hope he did because looks like he missed the other one .or he is waiting for more dumping? in which for sure will lead him to nothing

sr. member
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August 29, 2023, 10:36:18 PM
#53
Did you collect some altcoin when price drop drastically last week? today several altcoin reach to higher price more than 10% since price going drop and you can earn much profit without few days holding. Good news winning against SEC seems reason why several altcoin raise to higher price and Bitcoin most drastically up today.

Current right now, waiting is better than investing because few percent up and has chance for several altcoin will back to lower price, you can put buy order right now but few percent lower than current price and waiting without several days later will get correction.
hero member
Activity: 868
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August 29, 2023, 08:01:51 PM
#52
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
No one knows the price of altcoin for sure, but you can analyze it fundamental and technical. In this situation, everyone I know always uses the right strategy to make his investment going to be profit. So if you don't have doubts and want to invest, better to use DCA. Just buy a few by a few. do not buy at once if the market is not going well. Sometimes this strategy is not give you the big profit, but it's save when the price going to dump, and you still have capital to cover losses.
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August 29, 2023, 06:32:06 PM
#51
There is nothing wrong collecting altcoin but the risk factor of it is somewhat not encouraging because most time when it dumped on your if not for God sake you might think otherwise either to commit suicide or something similar because of the failure of altcoin, what happened is that whenever bitcoin drops 5 percent, they drops 10 percent making it too hard to be predictable or to hold, except for BNB and ETH this two coin are known to be the solid rock of altcoin no matter how difficulties is the market they must survived the hits.
legendary
Activity: 1848
Merit: 1982
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August 29, 2023, 02:09:35 PM
#50
It is time to accumulate Bitcoin not Altcoin, If you have some extra money I would advise you to accumulate Bitcoin, we are approaching halving most likely bull will happen after halving so it would be good to follow DCA strategy until then.

As for altcoins, I only trust some of the top-ranking coins in the market that can make good highs.
legendary
Activity: 2884
Merit: 1117
August 29, 2023, 01:51:05 AM
#49
As long as you keep collecting, when you do not doesn't really matter as much as you think. It's going to be fine and you are not going to face that much trouble. The point is to have as much of it as you can and wait with it, when you buy rarely depends because most long term investors will hold it for a long time so it will go up enough.

If you are not a long term investor then there is no need to collect, you should buy it and sell it quickly, so when we are talking about collecting that makes me think of a long term investor and no long term investor should worry about timing. Just buy it, hold it, buy some more, and keep on holding and keep repeating that until the price reaches to a higher price.
legendary
Activity: 2534
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August 29, 2023, 01:45:03 AM
#48
collecting altcoins in my opinion is something that is often done by people who always invest in crypto, even though bitcoin is always a mainstay but there are times when someone is interested in investing in altcoins, including myself I am also the type of person who is always interested in investing in altcoins, but in my opinion time right to invest in altcoins now is also not too late because the price of btc is still under $ 30k.
but in this case the decision is yours, because the market situation is very difficult to predict.
If anyone is interested in buying altcoins there are a few questions they need to answer first, which altcoins will they buy? How much of their capital are they willing to invest in altcoins? In which part of the cycle they want to buy altcoins? And what will they do if there is a strong dip on one of the altcoins they bought? Unless an investor has very clear answers to these questions then they need to stay away from altcoins or they will lose a lot of money without even realizing how this happened.
full member
Activity: 2548
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August 28, 2023, 01:36:51 AM
#47
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
it is your decision to make , actually if you accumulate that day comparing to today? you will get more discount , meaning I am not telling you about buying late or advance what I am telling is that you can decide anytime at your comfort.
but me? never that i will wait instead when I have available money to invest? surely i will buy before the halving season happened.
member
Activity: 467
Merit: 61
August 27, 2023, 11:02:03 PM
#46
collecting altcoins in my opinion is something that is often done by people who always invest in crypto, even though bitcoin is always a mainstay but there are times when someone is interested in investing in altcoins, including myself I am also the type of person who is always interested in investing in altcoins, but in my opinion time right to invest in altcoins now is also not too late because the price of btc is still under $ 30k.
but in this case the decision is yours, because the market situation is very difficult to predict.
sr. member
Activity: 826
Merit: 460
August 27, 2023, 09:15:46 AM
#45
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 found a good thread for you to reference but with a note that you need to be more careful in making your choice. Always remember that every investment, regardless of its type, has a different level of risk. Based on the post that I found, namely from ImThour according to the title Top 10 Crypto and It's Targets for Next Bull Run
 you can do more research and find a match from the top 10 coin list.
I'm not suggesting you do it 100% but do your research, think well, and make sure the money you invest is cold money. Be ready to face fluctuating market conditions because in crypto there are no guarantees. Everything returns to yourself.

Quote
1. Bitcoin -  $173,805
2. Ethereum - $11,460
3. BNB - $1,190
4. XRP - $8.97
5. ADA - $12.37
6. DOGE - $0.96
7. Solana - $1,367
8. TRX - $0.15
9. MATIC - $7
10. LTC - $361
hero member
Activity: 2982
Merit: 610
August 27, 2023, 04:53:31 AM
#44
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
It is an accumulation time for altcoins, we consider this dip to take the opportunity to buy promising coins at cheaper prices. But there is one thing I would say to you OP and to everyone, especially for newbies is to stick to our limitations. Why? Over spending could affect our budgeting and targets and if we want to succeed we must adhere to our goals and plan. And most of all, we are sure that we are buying the right coin, not just because it was on the top altcoins but also, it is because it is currently performing so well.
hero member
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August 26, 2023, 05:57:28 PM
#43
now is the right time, because the bullrun has not happened yet, so this is still our chance to buy cryptocurrency at a cheap price, because when a bullrun occurs, then we will never be able to buy cryptocurrency at the current price, therefore now is our chance to get a big profits during bullrun by investing in cryptocurrency at this time.
it still no clear sign that bullrun will indeed be coming though, there are so many that still predicted that in the upcoming months there will be yet another big waves of correction in which I also anticipating.
the thing with accumulating is that its indeed the right thing to do nowaday before bullrun is coming but you might get better price with just little patience.
I guess DCA is the way to properly accumulate but then again it depends on their own preferences.
I personally is accumulating some new coins nowadays, bitcoin and ethereum can be accumulated later in the future.
hero member
Activity: 910
Merit: 507
August 26, 2023, 02:24:33 PM
#42
For me, it's better to start accumulating now because for me, sometimes the more you wait, the more you miss the opportunity.
You may be right, in the need to take action in choosing the coin to invest in on time since the next major market event which is Bitcoin halving is less than one year ahead, and that time Bitcoin bull market ks expected and that bull market will trigger other coins to also increase in their value, so this time is the best time to buy more coins but that is only when you fine the good coin to hold.


Because it better to waste time to invest than to invest in the wrong coin.

Quote
Or you can split your entries, let's say you are planning $1000 on some altcoin, split that $1000 into 2 or 3 or more, depends on you and everytime price drops on the level you selected, just buy or just leave a buy order.
Continued accumulation is the best approach to arriving at an advantage when the bull market comes but in doing that one needs to do a lot of diligence search on the coin and also make sure that it has long-term potential before accumulating the coin.


Most of the low gem coins are all shitcoins with a lot of hype and zero potential, and investors need to be wary of them, but if we can search out a good altcoin that meets the real-life needs and build a good ecosystem that will support the coin we can risk a low amount on them but not even for the long term because I don't take altcoin as a good asset for long term investment goals.
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August 26, 2023, 08:12:39 AM
#41
now is the right time, because the bullrun has not happened yet, so this is still our chance to buy cryptocurrency at a cheap price, because when a bullrun occurs, then we will never be able to buy cryptocurrency at the current price, therefore now is our chance to get a big profits during bullrun by investing in cryptocurrency at this time.
legendary
Activity: 2506
Merit: 1394
August 26, 2023, 04:50:16 AM
#40
For me, it's better to start accumulating now because for me, sometimes the more you wait, the more you miss the opportunity.
Or you can split your entries, let's say you are planning $1000 on some altcoin, split that $1000 into 2 or 3 or more, depends on you and everytime price will drop on the level you selected, just buy or just leave a buy order.
sr. member
Activity: 1498
Merit: 443
August 25, 2023, 04:59:10 PM
#39
Cryptocurrency speculation is one of the hardest things to do, and harder is altcoin speculations so for this we have to be more careful when we get involve in speculating altcoin and making the choice of which coin to invest in at this point.

Believe me i have not hard any though choice in selecting any alternative coin since i already know two of the major altcoins to hold at this moment which are Ethereum and BNB the most of those other coins are unless and doesn't have the potentials to recover in price when there is a dip price conditions.
What do you mean? Speculation doesn't make it harder, the big volatility in crypto that makes it a bit difficult. However, the big volatility offers a chance to gain the profits as much as possible. More volatility means the price of crypto coins can skyrocket. But we must be aware that big volatility also means a big risk, the price can drop significantly too.

I think if we invest or trade with sufficient knowledge and good mentality, we don't fully speculate in crypto coins. Only people with zero knowledge and weak mentality who totally speculate their money on crypto coins.

Regarding ETH and BNB, they are top altcoins that become recommended altcoins to hold (invest). I can understand if you aren't difficult to decide buying them because they have strong fundamentals and have big market caps. It is clear that they have a big reason to survive on crypto market and probably have bright future because they have big community that give a strong support.

hero member
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August 25, 2023, 04:54:55 PM
#38
Cryptocurrency speculation is one of the hardest things to do, and harder is altcoin speculations so for this we have to be more careful when we get involve in speculating altcoin and making the choice of which coin to invest in at this point.


Believe me i have not hard any though choice in selecting any alternative coin since i already know two of the major altcoins to hold at this moment which are Ethereum and BNB the most of those other coins are unless and doesn't have the potentials to recover in price when there is a dip price conditions.

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