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Topic: What do you think about altcoin market - page 5. (Read 1358 times)

hero member
Activity: 952
Merit: 779
July 23, 2022, 10:10:45 PM
#92
some alt coins are already at their strongest support like XRP. however the bull market is still unconfirmed. so the possibility of a further decline is still there. but at least the current price is not too bad to do accumulation with DCA. but for day traders at this time the market is very volatile so it becomes a little easier to do scalping and make profits little by little.
hero member
Activity: 2590
Merit: 644
July 22, 2022, 06:57:47 PM
#91
Checking my altcoin portfolio I'm down 46% and I expect it to go down further the market is still not good although Bitcoin's price is improving and we are receiving a lot of good news, that will help the price of Bitcoin to increase and once it increases the price of altcoins will improve, although I'm down 46% I'm still hopeful on my portfolio because these are altcoins that have proven their worth in the market for a long time
Your portfolio is dropping very high even though the market has shown a recovery, whether you add the top altcoins when the price is high or collect other altcoins because you are interested in doubling your investment quickly, if you bet on other altcoins it will be very risky long term, because there is no guarantee that altcoins with low utility can return the price even though the market has increased.
^ Altcoins are not advisable for investing in the long term and I won't advise this to everyone, we should be careful upon investing in altcoins because we don't know what their real utility is in order to survive in the crypto space. Altcoin should in the short term because they are very risky if you see that you have profited something like 15% from your capital, just sell it quickly, don't hope it will double because the more you will wait the more it is very risky.
I think the best is to stick with the BTC since it was proven to us that there is always a pattern that it has a bull market.
legendary
Activity: 2156
Merit: 1018
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July 22, 2022, 06:19:33 PM
#90
the altcoin market is not doing well and is still experiencing a decline, for the polka dots themselves, I think if you believe in investing, you can still register in your portfolio but make sure the altcoin market condition has improved
sr. member
Activity: 832
Merit: 286
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July 22, 2022, 06:12:38 PM
#89
Checking my altcoin portfolio I'm down 46% and I expect it to go down further the market is still not good although Bitcoin's price is improving and we are receiving a lot of good news, that will help the price of Bitcoin to increase and once it increases the price of altcoins will improve, although I'm down 46% I'm still hopeful on my portfolio because these are altcoins that have proven their worth in the market for a long time
Your portfolio is dropping very high even though the market has shown a recovery, whether you add the top altcoins when the price is high or collect other altcoins because you are interested in doubling your investment quickly, if you bet on other altcoins it will be very risky long term, because there is no guarantee that altcoins with low utility can return the price even though the market has increased.
staff
Activity: 2436
Merit: 2347
July 22, 2022, 05:49:56 PM
#88
Let me bring to your knowledge now that it is fair and completely right to say Bitcoin has better investing fundamentals, potentials, profit returns and lesser risk involvement than the vast majority of altcoins loitered around now.

A piece of reminder, Bitcoin still and will always stay as the most purchased, held and traded cryptocurrency on the market. It has a market capitalization of more than about 60% of the total market cap of cryptocurrencies, if I am not updated with that percentage, it could have gone higher by now. So, there’s actually nothing to say about the altcoins market, it’s a waste of investment.

You are very wrong to say that investing in altcoins is a waste of time. In fact, investing in bitcoin and altcoins cannot be compared because there are completely different risks, completely different terms of reasonable investment and returns. Bitcoin is about minimal risk and long-term holding. But you can forget about big profits in bitcoin if you have a small deposit. If you invest in new altcoins, the situation here is much more promising, if we talk about the yield, but the risks are higher here, and the terms of investment are not so large. It is senseless to hold some altcoins for years, because they often stop growing and just stand still. From this you can conclude that altcoins are good for speculation and bitcoin is good for long term holding. My altcoin porftel has grown a lot in the last year, mostly due to new altcoins and I can't say it's a waste of time, but I don't plan to sit in them forever, and I don't need to.
full member
Activity: 2324
Merit: 175
July 22, 2022, 05:37:06 PM
#87
Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

Checking my altcoin portfolio I'm down 46% and I expect it to go down further the market is still not good although Bitcoin's price is improving and we are receiving a lot of good news, that will help the price of Bitcoin to increase and once it increases the price of altcoins will improve, although I'm down 46% I'm still hopeful on my portfolio because these are altcoins that have proven their worth in the market for a long time
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
July 22, 2022, 02:10:37 PM
#86
Let me bring to your knowledge now that it is fair and completely right to say Bitcoin has better investing fundamentals, potentials, profit returns and lesser risk involvement than the vast majority of altcoins loitered around now.

A piece of reminder, Bitcoin still and will always stay as the most purchased, held and traded cryptocurrency on the market. It has a market capitalization of more than about 60% of the total market cap of cryptocurrencies, if I am not updated with that percentage, it could have gone higher by now. So, there’s actually nothing to say about the altcoins market, it’s a waste of investment.
MiF
sr. member
Activity: 1442
Merit: 258
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July 12, 2022, 06:02:00 PM
#85
Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
Everything depends on bitcoin all altcoins are now affected by the bear market and i think dot will still go down if the bear market continue, even some new projects  failed because of the bear market, bear market is an opportunity for some small investors so some people want bear market and some dont. But for me it is an opportunity because we can now buy coins in a very low price for good
hero member
Activity: 2828
Merit: 611
July 12, 2022, 10:05:10 AM
#84
As long as Bitcoin's movement continues to decline, it is likely that other altcoins will also follow the decline as experienced by bitcoin as well as the price of the Polkadot coin which currently has a chance to fall below $7, you should not rush to invest when the market is in a situation like it is now because it will pose a higher risk of losing we must be patient and wait a while until there are signs of a positive trend occurring with the market.
That’s the philosophy which makes altcoins shitty coins and a waste of time and money to invest in. Because initially, my idea or thought was that, after the birth of Bitcoin, then came Altcoins, I actually thought that they would be working in different directions to give profits either way. I mean if Bitcoin is experiencing a downtrend like now, then the altcoins will be going in the opportunity direction at least, to cover for the losses of the Bitcoin. But no, it follows after Bitcoin, so it’s completely useless. Most people here believe that altcoins are existing for some reason but in my opinion those reasons are just dilutional; means even without those reasons bitcoin could flourish and serve us.
legendary
Activity: 1890
Merit: 1058
Vave.com - Crypto Casino
July 08, 2022, 10:23:38 PM
#83


I don’t think the bitcoin bottom is in yet so no, alts haven’t bottomed just yet.
There are a number of people who have made similar guesses as you, but that does not mean bitcoin will not spike. There is no certainty in the market and everything is subject to change. The price of bitcoin may not have bottomed yet, but now is the right time to start buying, as we can buy multiple times as the price drops further. I'm just saying bitcoin, don't encourage people to DCA with alts at the moment, alts not like bitcoin can rise again when downtrend is over.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
July 08, 2022, 09:52:54 PM
#82
Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
Do you think Polka will be able to go back to it's old all time high? If yes, then yeah, polka would be a great investment for you. Around 7.5x gain if it is able to recover and reach its all time high. Invest whatever you can afford to lose, hold/stake and wait. Don't sell till you reach your profit goal. But the price might also never reach its ATH, and might crash more from here. The altcoin market is more volatile than the bitcoin market. High gain, but high risks too.
Polka Dot can recover old all time high if whole market get back there previous position. altcoins price always depend in bitcoin. So before think about any altcoin. You have to think about bitcoin. If bitcoin again go back $60k+ then all altcoins  will recover again. And polka dot is a good project, so this coin will definitely reach previous ATH
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
July 08, 2022, 07:53:35 PM
#81
Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.
Do you think Polka will be able to go back to it's old all time high? If yes, then yeah, polka would be a great investment for you. Around 7.5x gain if it is able to recover and reach its all time high. Invest whatever you can afford to lose, hold/stake and wait. Don't sell till you reach your profit goal. But the price might also never reach its ATH, and might crash more from here. The altcoin market is more volatile than the bitcoin market. High gain, but high risks too.
full member
Activity: 1582
Merit: 132
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July 08, 2022, 04:50:06 PM
#80
The market is ongoing in the bearish era, so the price of all cryptocurrencies is following the BTC, it's dropping. SO, it doesn't worry if DOT price is also dropping ver significantly.
Actually, if we are fans of P, this is a good time to add more DT, right?
But, this may be risky because the bearish will still be longer. Btw, DOT is also one of my favorite coins, I believe that this coin can rise up the higher price after this bearish market ends.
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
July 08, 2022, 04:23:20 PM
#79
In this current situation of market it is risky to invest in alt-coin for long-term. And we can't ensure that what is going to happen next. So my advice would be for you that refrain investment in alt-coin. Or you can also wait for more dip.  But it will be better to invest in btc now if you you want the security cause after the incident of Luna we can't believe any altcoin. My think is now is to avoid alt-coins except ( the top pairs like-bnb, eth ltc etc)
Investing in any altcoin must be more careful because without us realizing Luna was previously included in the list of top coins but could drop significantly to almost no price anymore, we must learn from experience with Luna coins that don't trust altcoins too much and we have to make decisions to cut losses before big losses. After the big loss incident from Luna, then my altcoin only recommends ETH and BNB coins.
Having a bad experience with Luna is something that would open our minds not to trusting the project easily unless it was been proven. Many of these kinds of project turn to scam and sadly, nobody has been able to figure it out early before people had been attracted and invested more. Now, it is to realize that investing in new projects is risky, and considering them for long-term investment is not ideal, we'd rather use to choose known altcoins like ETH if that would be our plan.
That's true but Ethereum won't give you a 100x like newer alts like CNDL, DRC, and ATRI will.
Most of the new altcoins will not give you those profits either, besides we need to consider the chances this will happen, if you invested in 100 coins in order to breakeven you will need that at least 1 out of 100 coins to give 100x, and that is assuming you invested in all of those coins and that you remained invested in the successful coin until it reached its full potential, we will also need to ignore things like slippage and transactions costs which will add huge costs along the way, which will most likely require that 1 out of 90 coins go up 100x to breakeven.

So with all of this in mind do you think people can pull off something like this? Some people can but they were just lucky and as such their results cannot be replicated, but for the rest obtaining those profits out of altcoins is nothing more but an impossible dream.
legendary
Activity: 3304
Merit: 1617
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July 08, 2022, 03:07:33 PM
#78
The altcoin market follows bitcoin, we should all be aware of that. When bitcoin pumps alts pump. The whole 4 year cycle is run by what happens with bitcoin.

I don’t think the bitcoin bottom is in yet so no, alts haven’t bottomed just yet.
hero member
Activity: 1876
Merit: 721
Top Crypto Casino
July 08, 2022, 02:48:18 PM
#77
In this current situation of market it is risky to invest in alt-coin for long-term. And we can't ensure that what is going to happen next. So my advice would be for you that refrain investment in alt-coin. Or you can also wait for more dip.  But it will be better to invest in btc now if you you want the security cause after the incident of Luna we can't believe any altcoin. My think is now is to avoid alt-coins except ( the top pairs like-bnb, eth ltc etc)
Investing in any altcoin must be more careful because without us realizing Luna was previously included in the list of top coins but could drop significantly to almost no price anymore, we must learn from experience with Luna coins that don't trust altcoins too much and we have to make decisions to cut losses before big losses. After the big loss incident from Luna, then my altcoin only recommends ETH and BNB coins.

Right. Lunacoin was the top coin and no one ever thought that this coin would have this consequence. It is important to be aware of the risks before investing in any altcoin, so as not to fall into such situations. There were many investors who had huge profits in lunacoin but they did not book the profits at the right time, as a result of which their profits also became zero. So this is a big lesson for us how important it is for any investor to book a profit if they are profitable in any altcoin. So it is very important to be careful not to invest any top coin blindly.
legendary
Activity: 2338
Merit: 1124
July 08, 2022, 01:48:20 PM
#76
And the wise decision is to buy more rather than rejected the chance. People are wishing for the price to dump during the bullish season for them to buy altcoins at a cheaper price, I couldn't imagine discouraging people to buy today which in fact, we have already been given the chance. Only we have to choose potential coins, not meme coins or those who are created useless and in the hype and you will never regrets it.
I can't even imagine discouraging people to buy now too, that would be very silly. Why not buy it when it is low, when you can sell it when it is high? That is literally how the trading deal works, it has always been said to be "buy low, sell high" and if you can't do that then you shouldn't be trading.

Everyone knows that you should be buying bitcoin and altcoins when they are low, sure if it is a shitcoin then sell and get out, but if it is a legit one, then you should buy it and then you should be selling it at a much higher level in the future. I know not many people do that, but they should totally consider doing it in the future to be able to understand how to make money.
jr. member
Activity: 840
Merit: 6
July 08, 2022, 09:59:22 AM
#75
In this current situation of market it is risky to invest in alt-coin for long-term. And we can't ensure that what is going to happen next. So my advice would be for you that refrain investment in alt-coin. Or you can also wait for more dip.  But it will be better to invest in btc now if you you want the security cause after the incident of Luna we can't believe any altcoin. My think is now is to avoid alt-coins except ( the top pairs like-bnb, eth ltc etc)
Investing in any altcoin must be more careful because without us realizing Luna was previously included in the list of top coins but could drop significantly to almost no price anymore, we must learn from experience with Luna coins that don't trust altcoins too much and we have to make decisions to cut losses before big losses. After the big loss incident from Luna, then my altcoin only recommends ETH and BNB coins.
Having a bad experience with Luna is something that would open our minds not to trusting the project easily unless it was been proven. Many of these kinds of project turn to scam and sadly, nobody has been able to figure it out early before people had been attracted and invested more. Now, it is to realize that investing in new projects is risky, and considering them for long-term investment is not ideal, we'd rather use to choose known altcoins like ETH if that would be our plan.
That's true but Ethereum won't give you a 100x like newer alts like CNDL, DRC, and ATRI will.
legendary
Activity: 3752
Merit: 1415
July 07, 2022, 05:49:10 PM
#74
In this current situation of market it is risky to invest in alt-coin for long-term. And we can't ensure that what is going to happen next. So my advice would be for you that refrain investment in alt-coin. Or you can also wait for more dip.  But it will be better to invest in btc now if you you want the security cause after the incident of Luna we can't believe any altcoin. My think is now is to avoid alt-coins except ( the top pairs like-bnb, eth ltc etc)
Investing in any altcoin must be more careful because without us realizing Luna was previously included in the list of top coins but could drop significantly to almost no price anymore, we must learn from experience with Luna coins that don't trust altcoins too much and we have to make decisions to cut losses before big losses. After the big loss incident from Luna, then my altcoin only recommends ETH and BNB coins.
Having a bad experience with Luna is something that would open our minds not to trusting the project easily unless it was been proven. Many of these kinds of project turn to scam and sadly, nobody has been able to figure it out early before people had been attracted and invested more. Now, it is to realize that investing in new projects is risky, and considering them for long-term investment is not ideal, we'd rather use to choose known altcoins like ETH if that would be our plan.

It takes some logic as well.  If someone is offering to large of a return that is economically unable to stay up then yeah it will eventually fall the way of luna.  There are some good projects out there but I wouldn't speculate in this type of market even though the last couple days looked decent.  Think it's false hope right now.
hero member
Activity: 3010
Merit: 666
July 07, 2022, 05:37:39 PM
#73
In this current situation of market it is risky to invest in alt-coin for long-term. And we can't ensure that what is going to happen next. So my advice would be for you that refrain investment in alt-coin. Or you can also wait for more dip.  But it will be better to invest in btc now if you you want the security cause after the incident of Luna we can't believe any altcoin. My think is now is to avoid alt-coins except ( the top pairs like-bnb, eth ltc etc)
Investing in any altcoin must be more careful because without us realizing Luna was previously included in the list of top coins but could drop significantly to almost no price anymore, we must learn from experience with Luna coins that don't trust altcoins too much and we have to make decisions to cut losses before big losses. After the big loss incident from Luna, then my altcoin only recommends ETH and BNB coins.
Having a bad experience with Luna is something that would open our minds not to trusting the project easily unless it was been proven. Many of these kinds of project turn to scam and sadly, nobody has been able to figure it out early before people had been attracted and invested more. Now, it is to realize that investing in new projects is risky, and considering them for long-term investment is not ideal, we'd rather use to choose known altcoins like ETH if that would be our plan.
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