What are your thoughts on the market right now?

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

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adpinbr

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The market is already high and buying will be hard because we are already on the bullish market and it is already high and buying now will make you lose a lot if there is any shake in the market, but I already know that the market is going to be going all time high because of the season we are now, I know that so many replies have already be made on this topic but I still need to contribute on this, waiting until the market goes down a little bit should be better so you can know exactly how your portfolio work stable, it is always stressful sometimes when your portfolio keep going up and down, meanwhile it so suppose to go all time up and not the down that make you lose some part of your capital

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Quote from: lixer on April 01, 2024, 01:35:33 PM

Quote from: boyptc on March 31, 2024, 03:57:59 AM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Buy stable coins first so that you are ready if ever you have altcoins to buy on your mind.

Because if you will wait for more dip, it might not happen anymore. We are about to get and enter into the bull run.

For that reason, buy if you can still cheap altcoins that you are planning to have because if you do not and you see them skyrocketing, who would you blame?

You are right that one should keep liquid assets ready at all times but you never know if there won't be any dips anymore because the market is highly unpredictable. We have seen it in the past where the market used to dip extremely low right before the bull run and people used to think that it is over now, there won't be any upside movements after it but then it surprised everyone and went on to create a new all-time high.

Investments in altcoins have always been risky and it always will be, so one is required to do their due diligence before they make an entry in any altcoin because you can't know how good or bad it is just by looking at it in the market and how its price is going up or down.

Having a certain amount of liquid assets ready like fiat money is actually part of a solid money management strategy. In bull runs I always try to build up 10-20% of my total assets value in fiat money. If we have a correction I invest those liquid assets into the market, so buying cheap is the idea. I usually do not do this in one buy, but in several smaller buys, due to you can not really know how strong the correction will be. As soon as the market enters a bull run again, I build up fiat assets again for next correction.

Nrcewker

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Alts are always unpredictable. There are many factors present which affect the price. If you really want to make profits from it, then you have to study various things. It’s always better to go for Bitcoins or stablecoins if you want to make profits with less risk. Moreover many alts follow the Bitcoins, hence if you notice the movement of Bitcoins, then definitely you can make profit by choosing when to buy the alts and when to not.

doomloop

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Quote from: Assface16678 on March 30, 2024, 09:42:24 PM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

If you have altcoins in mind and you're confident about those altcoins, then maybe you can enter now, but still, it will depend on what your views are in their markets, because truly now altcoins are also moving in a good way because of the movement of the mother coin, which is bitcoin, but still, there is a risk as it is an altcoin. Maybe you could do DCA in those coins just to be sure and not put all your funds in one coin and one buy only.

Also, focus only on a few or just two altcoins; it's hard to maintain or monitor if you enter in many coins; it will divide your attention, and maybe you will lose track of some of your coins. It's better to handle a few coins than too many; fewer means you can focus on those coins and maximize the potential profit that you will need.

He won't come up with such a thread if he don't have an interest in altcoin. He might still be new here and excited. We can also say that he is confident but it is still better to wait for a much better entry. The market may be correcting now but there might be more to come because we are not yet on the halving and on the actual bull run. Another set of corrections will take place once both events are over, so we can choose to sell during them and gain some profits because it takes a long time for us to see them again. It was on the next 4 years, to be specific. Aside from the fact that a bunch of alts will be hard to manage, many of them are also weak and scams, so there is no point on having them.

lixer

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Quote from: boyptc on March 31, 2024, 03:57:59 AM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Buy stable coins first so that you are ready if ever you have altcoins to buy on your mind.

Because if you will wait for more dip, it might not happen anymore. We are about to get and enter into the bull run.

For that reason, buy if you can still cheap altcoins that you are planning to have because if you do not and you see them skyrocketing, who would you blame?

You are right that one should keep liquid assets ready at all times but you never know if there won't be any dips anymore because the market is highly unpredictable. We have seen it in the past where the market used to dip extremely low right before the bull run and people used to think that it is over now, there won't be any upside movements after it but then it surprised everyone and went on to create a new all-time high.

Investments in altcoins have always been risky and it always will be, so one is required to do their due diligence before they make an entry in any altcoin because you can't know how good or bad it is just by looking at it in the market and how its price is going up or down.

GreatArkansas

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

What I can share about price action these days is when Bitcoin does sideways, altcoins pumping. When Bitcoin pumps, some altcoins pump too or they just stay sideways. When Bitcoin dumps, altcoin dumps.
So, if you think about, Bitcoin is advantage during pumps but some altcoins will pump high percentage, then you can use it as advantage, so choosing wisely altcoin performer is an advantage.

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Quote from: Hypnosis00 on March 29, 2024, 10:38:48 PM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Better secure your funds into Bitcoin rather than looking for altcoins. Yes, of course, some altcoins are profitable but the idea of having them now is not a good decision. Why? Just take a look at the current market condition, we are in a bullish state and we know that altcoins never stand high long but sudden and massive drops are very possible.

If I were you, don't force yourselves into buying altcoins. Don't chase on x1000, there is no assurance for that. Better to wait until the market turns bearish again rather than choose to risk your money. Or, consider Bitcoin over these altcoins.

Altcoins are only good to buy when they are at their cheapest price, no matter how high their potentials are. That is because altcoins do not guarantee that their prices will continue to appreciate, unlike bitcoin does. So I suggest it’s better to wait for the bearish market to take over the bullish market, that way you would not spend too much on altcoins that have no clearer future profitability. And do invest at your own risk, most particularly for altcoins where losing is predicted already.

Sanitough

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Quote from: target on March 29, 2024, 07:58:28 AM

The market doesn't seem to go up or down which is hard to assume where it will go from here since looking at the indicators, most of them even BTC are somewhat overbought already.

But if you have to buy, choose the one that has good updates already. FET does have updates recently where they are merging with other AI projects, though it's a positive update, I'm still skeptical. I would just keep my stablecoin still.

Know the right coins to invest. Altcoins are highly risky, so if you want to risk your funds, make sure that you’ll go for those high utility cases in the market. Make a long term planning by observing the altcoins in the market first, until you’ll find the potential coins to invest. And always invest a small amount first. Altcoins are susceptible to losses, at least if you lose you will only lose a minimal amount which is not regrettable at all.

dothebeats

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Most of the attention are in the big cryptocurrencies right now, but I don't see anything wrong in buying some alts to trade on the spot market just for some more juice aside from bitcoin or ETH. However, always just choose coins that have a lot of liquidity and not just its pricing. You may hold an alt that is priced high but no one wants to buy, and that's a problem because you're technically just holding a bag that no one wants to have at that point.

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Quote from: Issa56 on March 29, 2024, 05:20:26 PM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Why stocking altcoin? Why not stock bitcoin? Why trying to that that high risk? When you are making investment in altcoin, then you can lose all your funds at any time, because the altcoin which you invested in can crash at any time, and you will be left with nothing. Why not just invest in bitcoin and have peace, if you make bitcoin investment, you don’t have to panic, all what can happen to bitcoin is for the price to dump, and if you can hold it, then the price will bounce back, but it might take time, so I will simply tell you to invest in bitcoin, rather than altcoin investment.

If you are looking for the perfect time to invest in altcoins, then you can just do your research yourself, then invest at your own risk, you don’t have to wait for people to advise you first.

Altcoins have their own potentials as well to skyrocket in the future, that is if you happen to invest in the right altcoins. While it’s hard and risky to invest in altcoins, but if you take time to understand more the nature of altcoins and how they move in the market, you will also perceive that they can be as good as bitcoin in the future. But if you end up investing in shitcoins, you’ll certainly end up enduring huge losses in your portfolio.

If you have the interest to invest in altcoins, now is not the right time to buy them, instead, wait for the market to drop into bearish. Focus on bitcoin first. For now, bitcoin has the bigger potentials to succeed and may gain massive profits once bull run is finally here. But once the bull run is over, eventually bearish market follows, that’s the best time to invest in altcoins, but continue to accumulate more bitcoin as well.

Mr. Magkaisa

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

If you want a plan like that, do it now and don't wait for the right time to buy; instead, start buying now, mate. Then, of course, don't forget to do some research so that the
capital you will use for the coins to buy is not wasted.

Then do some research about the top altcoins on coinmarketcap or Coingecko so that it won't be too difficult to choose those and at least the top 30 altcoins, meme coins,
or layer2 coins. good luck...

kentrolla

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Quote from: |MINER| on March 30, 2024, 11:09:11 AM

Yes, now is probably the right time to invest in altcoins.Because we have already seen the season of Bitcoin.That is, the price of Bitcoin skyrocketed during the bull run.Moreover, we know that the altcoin season starts after the bull run.So it is assumed that the season of altcoins can start now.So those who want to invest in altcoin should invest now.

I know market has been green but that doesn't make Altcoins as a sure shot investment medium because we have seen there are lot of Altcoins which has been pumping and dumping on daily basis and just one wrong move can sink our total investment. Rather mention specific Altcoins which would be good because I can still testify that investment into Altcoins still carries the same risk as it used to in the past.

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Buy stable coins first so that you are ready if ever you have altcoins to buy on your mind.

Because if you will wait for more dip, it might not happen anymore. We are about to get and enter into the bull run.

For that reason, buy if you can still cheap altcoins that you are planning to have because if you do not and you see them skyrocketing, who would you blame?

Assface16678

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

If you have altcoins in mind and you're confident about those altcoins, then maybe you can enter now, but still, it will depend on what your views are in their markets, because truly now altcoins are also moving in a good way because of the movement of the mother coin, which is bitcoin, but still, there is a risk as it is an altcoin. Maybe you could do DCA in those coins just to be sure and not put all your funds in one coin and one buy only.

Also, focus only on a few or just two altcoins; it's hard to maintain or monitor if you enter in many coins; it will divide your attention, and maybe you will lose track of some of your coins. It's better to handle a few coins than too many; fewer means you can focus on those coins and maximize the potential profit that you will need.

goaldigger

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

How long will you wait? You should’ve asked this during the bear market so you can get more.
Think long, and you’ll see more good projects that will pump sooner or later. Many are still bullish with the market so getting a good altcoins is a good idea, just invest on top altcoins and also try to invest on the meme tokens, they are hyped right now.

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

This is the time to buy, and if you've accumulated a lot of cash, try to diversify your purchases and go for coins with long-term potential, rather than just any coin that can be bought and traded based on market hype and the inventor's consistent pump and dumps. The altcoin market is also promising, but if you invest without proper research, you may end up bagging a lot of coins without reaping any benefits. So take your time and go through the ones that are worthwhile and on which you are convinced. All the best, Buddy. Now is the time to stock altcoins and not later than now if you have the means already.

Distinctin

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Quote from: Hypnosis00 on March 29, 2024, 10:38:48 PM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

Better secure your funds into Bitcoin rather than looking for altcoins. Yes, of course, some altcoins are profitable but the idea of having them now is not a good decision. Why? Just take a look at the current market condition, we are in a bullish state and we know that altcoins never stand high long but sudden and massive drops are very possible.

If I were you, don't force yourselves into buying altcoins. Don't chase on x1000, there is no assurance for that. Better to wait until the market turns bearish again rather than choose to risk your money. Or, consider Bitcoin over these altcoins.

The best advise would still be stick to bitcoin. If you aim to generate multi sources of profits, investing in altcoins might hardly provide that. But if you continue to accumulate bitcoin through DCA, you will still achieve massive amount of profits in the perfect time. Just buy regardless of the price, because that is what DCA is all about.

However, investing in altcoins could make you instantly rich but on the other hand, it could suddenly make you homeless more than you can imagine. It’s all because altcoins never stay longer in its high price as they will eventually fall until they find it hard to recover again from its deep price.

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Quote from: Oshosondy on March 29, 2024, 07:01:05 AM

Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

If you are going for altcoins, know that they are highly volatile. You can see some altcoins that have increased 10 times or more. If they want to fall, they will fall massive also. I can not tell anyone to buy altcoins for now as they have already risen so much. But if it is bitcoin, that is still good as it will not be volatile like the altcoins.

Its still risky to invest in altcoins, but if you have trusted altcoins that you want to invest, then investing an amount that you are comfortable to lose is not bad at all. Just know when to sell your coins, because altcoins are different and more risky than bitcoin, they could easily surge high but have chances to suddenly fall as well. Invest with caution. And invest only on the right altcoins, not on those too good to be true altcoins in the market.

Coyster

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Quote from: AndrewRun on March 29, 2024, 06:18:43 AM

I want to stock up on alts for the spot now. What do you think, should I buy now or should I wait?

I think you should take a decision after you must have done your own research. Your idea seems like you want to buy plenty altcoins to see what happens with them and how much ROI you can make, altcoins lack utility, so they are very risky to buy, particularly when their hype is over or at its peak, because the next step is down. I think you should just buy Bitcoin if you want to hodl for the long term, and if you must buy altcoins you can wait until after the Bitcoin halving and buy a few that are low in price and are yet to start rising in price.

Topic: What are your thoughts on the market right now? (Read 427 times)