Topic: Why don't you buy cheap fundamental coins now? (Read 129 times)

Well it's indeed the hyped coin these days and that's why I tend to avoid all the meme coins now these days. There are still promising coins in the market, and my nostalgia senses are tingling from the coins mentioned in the OP as I did day trade before especially Polkadot. I am just not sure about NEAR though

Maybe not all of them are for hodling, but surely they're still profitable. I just do not have the full-time to explore all these altcoins that's why I just stuck myself to Bitcoin....maybe for now.

It really just depends on the altcoins sometimes. Most of them are just carbon/CC of the other existing coin to appear "unique and solution-provider".

Well, I did but thinking about the current trend these days, they become out of our sight since the market is hyped with meme coins where we neglect to see fundamentals value in the future. Buying them could be wise but seems we need to be smart and practical this tim knowing that new coins are more profitable short-term which is what we wanted to happen in real life. Holding is a challenge that is why people are preferred to get involve in hig-risk investment like meme coins.

I will speak in general terms and do not want to target a specific audience, now perhaps you and I both understand the predicament of the market at this stage. Now we are still in a bear cycle and don't like any big effects to get out of that, also some positive market signals but not enough for us to talk about the long term story. . There are a lot of altcoins that have dropped a lot in price, and are they really doing well, and I think they are doing well, but when it was inflated before it took time to get back to those prices. that value. While there are also plenty of instances in the market that are short-lived, perhaps the overall context for this market as a whole is still a strong growth over time for me.

I also see phases of corrections or also a full bear market as a good opportunity to buy into projects that are already big and established. Usually those projects are way to expensive already for my standards but now an investment into them makes sense from my point of view. A few months ago i have bought Cosmos for around 9,90$ per coin or so. And even more recently i have bought NEAR for 1,79$ per coin. So with NEAR i am now in the loss zone, but i am planning to hold for a longer time anyways so that does not matter that much and in the mean time i also get staking rewards, which is a nice bonus. If i would have spare funds now i would probably buy some more NEAR or Cosmos.

DOT and NEAR look promising if we look at the price, which has dropped to 90% so that it could be a short-term investment. Only to get the price high and sell it to take the profit. But if people think other coins are cheaper and have more upside potential, they might try to analyze them and buy them.

People will have their own choice, and hopefully, they can analyze it before buying. And whether it is DOT, NEAR, or even some other coin, don't rush to buy it but wait a while and do some further analysis. At this time, there is a lot of temptation to buy lots of altcoins because the prices are still low.

Bear market is the golden opportunity to buy from the dip especially DOT and NEAR are so cheap right now from their ATH last bull market. Upon buying these tokens it should be considered as a long term goal in order to have a big profit in the future and it would be a great indications that the next halving and bull seasons will  bring good significance towards recovery of the market.

if you look at the new ATH, the two coins, DOT and NEAR, have indeed fallen by more than -90%,
but keep in mind that the marketcap of these two coins is also very large, and it takes strong bullishness for Bitcoin to have a positive effect on these two coins,
indeed the fundamentals of these two coins are good, but for investment I think it's better to choose medium cap or low cap altcoin.

Fundamental coins are those coins that have a large ecosystem in which many other well-known projects work. These ecosystems have a team of well-known developers and large investors. Examples: Ethereum, Polkadot, Cosmos, NEAR, Solana, Kusama, some L2 tokens of ethereum solutions.

You yourself have to choose what fundamental coins are for you, I do not suggest buying a pepe token

Even if the regulator recognizes Ethereum, Polkadot, Cosmos and other large projects as securities, they will not be closed and will not stop being used. Teams will negotiate with the regulator and pay fines, and the American budget loves fines.

To op, what do you mean by fundamentals in a cryptocoin? Can you please explain?

After Bitcoin and ETH, very very few coins in the market have actual use cases. Rest all are just a blatant copy of other successful coins with zero utility.

So buying these coins are actually gambling. If someone wants to gamble, that's one of the ways to do it. But majority of these coins do not exist after couple of months after launching. The only beneficial people from such coins are their owners.

I'm not done with buying up and filling my portfolio to a significant amount yet so please don't mention any more fundamentally sound altcoins. I don't want to see them suddenly increase as a result of your post hehehe. Let them chase all the meme tokens out there or don't stop them trying to ride a fast horse but with weak stamina.

A lot of them were forced to become a holder hehe.

Hands down to the holders of the tokens who bought at the price peak. They sure got balls.

Altcoins for now are very uncertain because of posibilities. Most altcoin buyers are short term investors so if they see price not going up despite seeing BTC taking its minor bull run, its not helping investors decide. They will only concider buying if there Bull season is confirmed.

It's not about being afraid of DOT, ome has to consider the risk involved, take a look at the time we had the ATH and most of rhe cryptocurrencies jumped up and same still happens now that we are into it this time around on dip, which means almost everyone of them have also dropped down more than 50% which means whenever there's morr dip they will fall more, being on 90% low by now with DOT is too risky because there's still possibility for more dip to come, but anyone who is up to taking the risk can afford investing  on any coin as long as they can research well about it.

During the all-time-high period of DOT in 2021, I wanted to buy some when the price was still at $30. Just as if I knew, I speculated it would reach $50+, but I still had some double thoughts about not risking it because I felt it would drop. But after it broke the $40 range, I totally gave up on investing. Although I was actively trading one altcoin, that became so volatile on the Binance exchange that I didn't really give in for Dot.

Now that the price is really down to $5+ from the all-time high of about $60, I think it's a good chance to buy, but if we still look back to the ATL of the year before the ATH, it was $2 then, and there is still some possibility that It can fall below the $3 range you even suggested. I have long forgotten about this DOT and some altcoins I was admiring back then because I quite lost my interest in altcoins after some incidents. For your reminder about DOT, even if I chose to invest in DOT now because the price is very low, I wouldn't risk much but just buy like 100 pieces of it or less, and if I can see another ATH or $30 even before the four years, I will just sell off. If I buy 100 DOT for about $500, if the price can just get to $50 or $30 any time soon, I will just pick up my profit from there and leave.

SEC is one reason why I will not hold that long even if I choose to buy now, and my second fear is that altcoins can just crash so easily; the example I always give myself is the Luna crash.

DOT, 90% cheaper than ATH
NEAR is 92% cheaper than ATH
This is not financial advice, but I am very interested in this question.

If you consider these coins unworthy and not fundamental, I can write another list, but it is more convenient to explain my opinion on the example of the DOT coin.
I know that many investors have bought this coin for more than $20 and haven't sold it yet. I do not believe in the price of 1-2 dollars, if this happens, then there will not be much liquidity.
Will buying a $5.2 DOT coin be a mistake? Yes, it is possible if the price falls to the $3-$4 range, but you will still benefit because other investors were buying 4-10 times more.
It's hard to buy at the bottom, but at this price you'll be better than 70-80% of other investors. If the price of DOT drops to $3, either you are an averager or you will wait out the losses, but you will be in a much better mood than those who bought more than $15.

Why don't you invest now for a period of 2-4 years?
Are you afraid of the SEC Regulations that the regulator will call DOT a security?