Topic: What are your doing for now? - page 4. (Read 1719 times)

And this is why it is important to do thorough research and purchase even though cheap prices are the choice of most people. However, the cheap price should be a question mark for us to be more careful in conducting research on whether the coin or project has the potential to be developed and its value will increase in the long term.
And don't easily believe promises of big profits, because this has the potential to be fraudulent. And it goes back to your efforts and hard work in doing research and looking for accurate information in it so you don't get trapped in losses and regrets.

Buying the dips is a good strategy, however, I don't think that undervalued coins and tokens can always be profitable because most of them might be undervalued because they don't have enough potential to catch investors' attention and attract a lot of investments. So when you are making investments in undervalued assets, make sure that you check their background and the projects they belong to because the market is highly saturated these days and there are a lot of scams and useless projects circulating here and there, especially when the bull run arrives, scammers do everything they can to create scam projects to lure in investors with great returns and attractive promises.

In the ebb and flow of market corrections, I seize opportunities to buy when prices dip, knowing that the bullish phase will likely drive prices higher. My strategy involves accumulating coins steadily and profiting from margin trading along the way. During downturns, I target undervalued coins, recognizing that such opportunities may be scarce in future bullish markets.

It is the usual cycle that we're doing during these times. We sell or we buy and then do the opposite when it's doable. Like for this time, when it's quite up, we sell and wait again for the moment when it will be down again. The correction is the time that gives us the opportunity to buyback because it's cheaper again. And when you're able to sell at the top of it, you did a good job because you did it at the right time without any problems.

For us to keep buying altcoins, we need funds and as the economy is now, we need to keep saving so that we can always invest in altcoins for us to make money. We need to make sure that we look for good altcoins we can hold so that we can start making money from them when the bull market fully commence. We need to make sure we indulge in businesses that will help us to keep paying our bills so we can have something to invest in cryptocurrency so the future can be better.

    What I'm currently doing right now is doing DCA, not just on one crypto's as much as possible; I'm accumulating them bit by bit. And when I reach my goal amount for the coins I hold, the other crypto is the one I save little by little.

    For example, in KAS (Kaspa), my target to collect it is 2000 KAS. When I reach that number, I will stop and collect other altcoins next. This is how simple it is to do in DCA. Because for me, the more holdings, the better. They say don't put your eggs in one basket.

Currently selling some of my altcoins at the moment ,Bought them while the Btc was around 17k to 19k .Prices of altcoins have recently sky rocketed so i have decided to sell most of my altcoins especially solana which have move to more than $100 in price .I'm happy with the profits i have made from my altcoins afraid of holding them for too long don't know when the market is heading down again.

I've been using my saving to accumulate coins that I believe would have higher chances of bringing profits. I already have tinkles of many coins and I want to make my portfolio a diverse one. I have maintained an excel sheet to track my investment and I have a pre placed sell orders so that I don't miss on cashing out the profit.
As, I already have about 80% of my investment on popular alts (Top 100 on CMC), I'm looking to increase my holding on newer projects and trying to make it to 50% as there's are not much excitement on old coins. Newer coins are also good for grid trading for their volatile nature.

I'm waiting for my February salary to come so that I will add it to January salary to buy BNB because, that is the only altcoin I will like to buy in this period since I have invested money on BTC waiting for the real bull to occur before I can sell to make a good profit.

 I will not advise people to buy Ethereum now because the price  has increased higher for those that invested to begin to achieve some positive changes in their profits, but if you want to invest in this period, just embrace BNB and you will make some good at the end.

are you a new investor? Choosing BTC as an investment vehicle is the right choice because investing in BTC has the lowest investment risk compared to other crypto investments. You don't need to hold for 5-10 years because there will most likely be a halving this year. start collecting BTC, because the halving is getting closer.

For me am still navigating the forum trying to get some basic knowledge that will accompany me in my investment journey, am saving up as well because any time soon I will start building up my Bitcoin portfolio. With the intention of holding for 5 to 10 years of course dca strategy will just be fine. I prefer Bitcoin investment to altcoins because it has the potential of appreciating it values over time, and with dca strategy I will be much relaxed as regards to volatility.

 Yeah, this is the early stages of the bullrun, however investing in an Altcoin with potential is not a bad idea, especially for those with little or no funds to invest in Bitcoin now the current price is above 50k. Well you're right by saying it's not idle to sell Alts and buy cheaper ones based on the hype in new projects that pump and dumps, that's why one has to do a proper research about a project and try to figure out it's potential before investing, instead of listening to hype from so called whales or paid advertisers.

 Well, I think investing in Bitcoin is not risk free as well due to it's volatility, and based on the upcoming halving which is speculated in the mid April, I don't think it's a bad idea to invest now the current price is a little above 50k, it's not too late and one could still make profit if it hits 60k and above. But that's for people with enough funds to buy as much as possible to make better profits.

 Which leaves people with little funds to trace back to Alts. Yes bitcoin is superior to all cryptocurrencies but there are still some Alts with lots of potential that would also pump in the upcoming halving and with little invested funds you can still make good profits, would've listed some I think got good potential but no, I'll rather advise you all DYOR.

Well I am very slowly stacking more sats because I am very 'bullish' for the next Bitcoin halving. Because now it is only a few more months away.

I am only buying a small amount of altcoins. Some of them I did buy is Ethereum, BNB, and Solana. Just to have more then only Bitcoin in my portfolio but that is the main coin.

Though this is the early sign of bullrun, I am not a fan of altcoin and I can not say that am accumulating any altcoin, but for sure am doing the little I can in bitcoin despite how that price is now, you outlined somethings, I think to me it is not ideal to sell altcoin to buy cheaper one's, this is always the case in crypto some people are being brain washed by the hype of new projects, who told us that does coin is going to appreciate, instead of dumping your money in an investment that has more risk end why not buy the one that you know no matter how high the price is, we are still in bullrun and this the first phase, looking the fluctuations of bitcoin for days now from 51k- 52k it will still go back to 51k and go back to 52k I watch this happen everyday, this is to tell us that there is good news and we should buy no matter how small because the next price will be surprising to many us.

I am for the 1st and the last .

I am buying altcoins now since I already have my Bitcoin intact in my folio.

and the 4th

A want watching the market while hunting which coin to be added in my holdings .

Not planning to sell my altcoins because those are my trusted and worth believing.

In the volatile world of crypto, both buying and selling can lead to losses, as it's hard to predict the right entry and exit points. Many opt for Dollar-Cost Averaging (DCA), particularly with top coins like BTC and ETH. However, I believe it's not yet time to apply DCA universally, except for major coins. Instead, I'm closely monitoring altcoin movements, considering a potential buy during halving events. Currently, my portfolio is brimming with altcoins, so I'm holding off on purchasing new ones. Despite a significant downturn last week, the altcoin market is showing promising growth this week.

The Bitcoin market has established a stable candle between $50,000 and around $53,000. As the Bitcoin market rallied, other altcoins came close to recovering their prices. Ethereum is sitting at $3000 so right now I think the time to buy the coin from the bottom of the market rally is pretty much over. We can see that no coin is currently at the bottom so we have no other option but to adopt the DCA approach to invest at this time. Right now I'm not sitting and watching the market like you I'm moving forward with my investments at this point but I'm in a lot of profit right now.

Same way it is full of Altcoins let it as well hold sufficient amount of Bitcoin, if it doesn't include then your investment is yet not complete. Meanwhile holding enough Altcoin is not a bad one cause I sincerely love the idea you took of not just investing in one particular Altcoin but instead spread them into different options. This will help control the risk of losing everything incase one of them fails to give such profits.

Stocking up now on alts like XRP, ADA, TFS, etc. And I plan to wait for it all to fly to the moon. My plan is simple and works like a Swiss watch.

I think my pocket is full of altcoins right now so I don't think about buying new ones at the moment. Although you should know that the altcoins market was massively down last week but its comparatively good green growth this week. There are altcoins in my pocket that I have to wait for the bull market to profit from. But earlier this year I bought some new altcoins and already sold them with 2x profits.