Time to reinvest into Altcoins? - page 7.

bitgov

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Quote from: Oneandpure on February 07, 2022, 05:46:06 PM

Quote from: gurunanakji777 on February 07, 2022, 12:34:55 PM

Still, many Altcoins are not moving much but expectations are higher but top Altcoins are moving with Bitcoin If BTC keeps the bullish momentum we can hope for good momentum in altcoins also. At present we can not say it's again a bull trap till then I would say enjoy the bull wave and book some profit with tight stop loss. I would say we should overcome our fear and be optimistic while buying any coin.

Still not altcoin moving like bitcoin impact price pump, actually bitcoin reach almost 10% above from $34,000 to be $44,000 right now and still have altcoin just wake up only 3%, will be bad thing when bitcoin dump about few percent only altcoin will drop almost 20% above. I think bitcoin have good moment right now just waiting for when bitcoin stable and investor back to altcoin again, if bitcoin have been stable many investor will give chance for altcoin take to higher price with added of transaction volume.

Unfortunately, but when the price of Bitcoin drops by 10%, the prices of altcoins usually drop by 20%. It is harder with altcoin price increases, but as you mentioned, when the Bitcoin price stabilizes and we are sure that the bears are not around, the altcoin prices will definitely start chasing Bitcoin quickly. At the moment, it is still a risk, but if someone is investing in the long term, I think this is a good time to invest.

Oneandpure

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Quote from: gurunanakji777 on February 07, 2022, 12:34:55 PM

Still, many Altcoins are not moving much but expectations are higher but top Altcoins are moving with Bitcoin If BTC keeps the bullish momentum we can hope for good momentum in altcoins also. At present we can not say it's again a bull trap till then I would say enjoy the bull wave and book some profit with tight stop loss. I would say we should overcome our fear and be optimistic while buying any coin.

Still not altcoin moving like bitcoin impact price pump, actually bitcoin reach almost 10% above from $34,000 to be $44,000 right now and still have altcoin just wake up only 3%, will be bad thing when bitcoin dump about few percent only altcoin will drop almost 20% above. I think bitcoin have good moment right now just waiting for when bitcoin stable and investor back to altcoin again, if bitcoin have been stable many investor will give chance for altcoin take to higher price with added of transaction volume.

Naficopa

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Quote from: kentrolla on February 05, 2022, 04:27:43 PM

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

Every hour at the current situation on the cryptocurrency market looks less and less like a bull trap. I think it is worth taking the risk and investing now. Alternatively, if prices start to fall, you can sell with a slight loss. However, if the train leaves and you are left with an empty wallet, you may find that you have missed out on some very big gains. Everything slowly indicates that the train is slowly leaving.

wxa7115

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Quote from: kentrolla on February 05, 2022, 04:27:43 PM

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

That is the issue, I do not think this is a bull trap, however it is too soon to let ourselves to be overly positive about the current movements of the market, the price is at 43k at the moment but just as it reached that price in just a few days it could easily go down as well.

So I think that for the time being the best course of action that we can take is to wait for a little bit and see if this growth can be sustained for a slightly longer period of time, and if that does indeed happens then you can think about investing in some of the altcoins you mention.

gurunanakji777

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Still, many Altcoins are not moving much but expectations are higher but top Altcoins are moving with Bitcoin If BTC keeps the bullish momentum we can hope for good momentum in altcoins also. At present we can not say it's again a bull trap till then I would say enjoy the bull wave and book some profit with tight stop loss. I would say we should overcome our fear and be optimistic while buying any coin.

Anguwa

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Quote from: kentrolla on February 05, 2022, 04:27:43 PM

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

Yes, this is most likely the right time to buy Altcoins, as Bitcoin has taken a recovery trap, many people were thinking it was another bull market trap, but as it stands now, bitcoin has increased nearly 30% in the last two weeks, so we can expect more price increases, so buying Altcoins now will be beneficial because they will all follow Bitcoin's path soon.

glendall

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I don't think there are any pitfalls in investing if we take top coins, I see you've picked up the right coins, hopefully there won't be any traps and you can get more profit this year, if you haven't held back enough until the bullrun
if you invest in SOL, ICP, and ADA I am more interested in BNB, and XLM

molsewid

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Quote from: ?? on ??

The market continues to grow and this is a positive sign that a bull run is imminent, reinvesting again is the right decision, and this makes me happy because many of my assets have returned to normal, I hope April can skyrocket again like 2021 so we have to hurry buy from now.

Yeah it is and I hope that a green candle all over will continue and finally cryptocurrencies like altcoins recovered finally from a recent market price correction. This time is a good sign that would going to give a positive hope to every altcoin hodlers who used to invest in altcoins and yes definitely this is also a good time to reinvest. But of course, still be careful which one would you like to reinvest and still perform your own research about it.

DonFacundo

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Yes this is the right time to buy some altcoins because the market is in good condition, it is starting to recover especially bitcoin. I don't think if this is another bull trap it seems this market will go bullish but if bull trap happens then you should keep holding your coins and buy the dip again.

judaspriest

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Quote from: Slow death on February 07, 2022, 07:10:38 AM

Quote from: ?? on ??

I agree with what you said this is a good time to buy altcoins after a few weeks ago btc and altcoins fell quite deep and today the market is getting better I think the market will be back up in the next few weeks.

well if we look at the current market condition we can see that we are in an area where the price can fall a lot or it can go up a lot, this is different from last week where the market was very low so it was a good chance of buying, I don't know if it would be a good chance of buy at the current price, in mine opinion it is riskier to buy in this current area

However, we need to be patient and wait first apart from that with the current market conditions to continue to do analysis and research before making a decision,
Most importantly, don't be in a hurry to make a decision because it's very risky

Slow death

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Quote from: ?? on ??

I agree with what you said this is a good time to buy altcoins after a few weeks ago btc and altcoins fell quite deep and today the market is getting better I think the market will be back up in the next few weeks.

well if we look at the current market condition we can see that we are in an area where the price can fall a lot or it can go up a lot, this is different from last week where the market was very low so it was a good chance of buying, I don't know if it would be a good chance of buy at the current price, in mine opinion it is riskier to buy in this current area

KaliLinux

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Quote from: kentrolla on February 05, 2022, 04:27:43 PM

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

As the saying goes, "Be fearful when others are greedy and be greedy when others are fearful" I however understand why you would want to be fearful whether the market might go down some more but for me when you think of INVESTMENT for a longer time, I believe that now is a good time to invest as long as you are choosing the right projects, BNB along with some are my long time Alts investments.

deean_3one

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Yes, I think now is the right time to re-invest altcoins. Falling prices make it easier for us to buy and invest. However, don't forget to predict the best coins to invest in.

Oneandpure

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Quote from: KennyR on February 06, 2022, 06:39:22 PM

Bitcoin have crossed $42500. More altcoins have moved on the bullish side. In specific Shiba have a spike of 22% growth. Users who reinvested on altcoins a week ago will be getting good profit, because the marketcap growth is slowly rising as a result of the altcoins bullish move than the bitcoin. Though there is some signs of altcoin season, nothing is assured for now. However it is good to understand the market sentiment and move.

I still holding AXS coin trough buy back when bitcoin crash under $36,000 I got moment with AXS dump and my order filled with AXS price $45, I am so lucky and most happy today because AXS have reached above $72 and keep holding still stake because with AXS coin give 100% APR. Right now many altcoin as potential back to higher price and looks BTC wake up give great opportunity for altcoin get to top price, maybe I can recommended with other coin like BNB still have lower price on $400 and you can collected with LTC before pumping above $200.

shawon01

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I do not see the steps taken here as wrong. The reason I see that is because the price of Bitcoin can now fall to 46k. And if the price of Bitcoin does not increase then the price of this lot coin will not increase so I think everyone behind Altcoins price increase now depends on the price of Bitcoin.

KennyR

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Bitcoin have crossed $42500. More altcoins have moved on the bullish side. In specific Shiba have a spike of 22% growth. Users who reinvested on altcoins a week ago will be getting good profit, because the marketcap growth is slowly rising as a result of the altcoins bullish move than the bitcoin. Though there is some signs of altcoin season, nothing is assured for now. However it is good to understand the market sentiment and move.

Jaered

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I don't know about that. I don't think so. The market sentiment is not entirely bullish and some of the bears are still about. I'm doing some investment but not in huge amounts. Some of my assets are in stablecoins

Captain Corporate

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Quote from: bhadz on February 06, 2022, 01:54:38 PM

Some alts have already made their pump after the pump bitcoin made. But if you're worrying with such traps, this is likely the time to think about it.
Because by having that worry with the bull trap, you're not yet decided to buy. Even if there's one or none but you're decided, you will buy no matter what the situation is.

You could always leverage yourself against a drop. I know "leverage" is considered a different word here, a trading method but I meant like "setup a defensive system" basically. How? You could simply just put %10 of your cash into crypto right now, and distribute it into 5 different coins. 2 days later you could do the same, and then again and then again. That would take you 20 days. A lot of things may change in 20 days, but you would see if it is going up or not during that period. If it goes up then you are in luck, if it doesn't go up then you could at least make a profit by buying a bit lower. Can't say if it will work, but at least it is a defensive method.

Naficopa

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Quote from: kentrolla on February 05, 2022, 04:27:43 PM

Bitcoin has made good progress in last two days, we all know that altcoins will follow the same path and some Altcoins like Binance have already started to surge so I feel this would be the right moment to invest into Altcoins like ADA, Solana and ICP which are ready to explode any moments, what's your take on this? Things will be in our favour of we choose the altcoin's wisely and better to invest now rather doing r when it reaches the peak.

But my only worry is what if it's one more bulltrap.

Altcoins lost a lot during the recent correction of Bitcoin price. It can be seen that there is a great potential that when the Bitcoin price rises to $50k, the real altcoin season may finally begin. However, we still have to wait a little longer, because it may turn out that the current gains are only a bull trap.

Baofeng

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Quote from: Synerggy on February 06, 2022, 03:07:34 PM

I'm still not confused that now is the good time to start buying altcoins, ETH is back at 3000+ which is a good thing and BTC is over 40k once again but still this haven't erase that same fact of mine that bear market isn't even here yet and the best time to buy coins is in bear market.

I'm not sure what's the lowest low of ETH during the 3rd week of November up to this point. But during that time, bitcoin goes down to $32k, so that is the best time to buy. I will speculate that ETH might be like $2500 or less than time, so this is also a great time to buy. Nevertheless, anyone can test the waters by buying today and then see how it goes for you. If the price goes down then you can buy more. And I will say that we are still in the best market for now even though we had a good spike in the last 2 days.

Topic: Time to reinvest into Altcoins? - page 7. (Read 1375 times)