Your recent altcoin investment and why? - page 9.

Silberman

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Quote from: X-ray on May 26, 2022, 08:59:13 AM

Only hold major coins like bitcoin and ethereum. Altcoins are too risky to hodl for now and im still waiting for the recovery phase to come soon.

Bitcoin, ethereum and some stable tokens that can be used to avoid the volatility are the best choice for me right now. I will never try to put myself into the big risk by using altcoin in the bearish market even when people call that if the market can go up again but the chance for that to go even lower will always there.

I think the same, I mean why people want to take the risk with altcoins at this moment when the demand is so weak? I could understand that people were investing in some unknown altcoins if we were in the middle of a bull run or something like that as that is the time when many altcoins are doing great even if they do not deserve to have such a high value, however right now everything comes down to the fundamentals behind a coin, and if they are bad they have no chance of making any progress during this bear market.

hyudien

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Activity: 2156

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Leading Crypto Sports Betting & Casino Platform

Personally, if I have to say my altcoins don't store very much. However, there are some that are being traded on exchanges such as BNB and Solana. About 30% only for this week's altcoin allocation. The profit that can be obtained is not too big, because indeed I try to target TP in a short time. Seeing price movements in the current market is not very convincing to linger long holding altcoins.

andyou1234

full member

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I think now is the right time to buy and add some new tokens to invest because the crypto market is still in a bearish zone of course the coin price has decreased significantly, but even so the coins you add must have good potential so that you get benefit from your investment.

m2017

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Quote from: GreatArkansas on May 26, 2022, 04:00:28 AM

Buying altcoins these days is a good idea? I don't think so but I did earlier with small amount only because I am not satisfied with the situation of the market.
So for me, I just bought Ethereum. Why Ethereum? Because it is the highest market cap altcoin now and I believe that even if the market will still bleed in the coming days/weeks/months, I am hoping the dump is small percentage only compare to other altcoins.

We don't know where the crypto market will go: up or down. Therefore, if the prices of crypto currencies rise, then, theoretically, altcoins can bring good profits. As a rule, altcoins are more frisky in terms of growth compared to bitcoin, which has already gained its weight and is somewhat clumsy in terms of growth dynamics (it is not able to show even x10).

I also think Ethereum is a good choice, but I decided to take a chance and buy some BNB, because the upside seems to me higher. If we compare Ethereum and BNB, then BNB is cheaper, which means it can show more profit. The choice in favor of BNB is due to the fact that this is not a empty-coin that no one needs and is not used by anyone, but is in demand because of the fame of binance and has some use in the same exchange.

Sterbens

sr. member

Activity: 1848

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Duelbits.com

Quote from: MrDave on May 26, 2022, 02:03:19 AM

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days Wink

For now, I'm trying to open a trade on TRX, the reason being I saw some announcements on Twitter that Justin Sun relaunched the USDD stable coin. By guessing I only assumed to pay attention to Tron from now on but only took short-term profits according to certain moments.

manok jepang

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I think this is a good opportunity to start investing with other coins that you don't hold because the price of the coin is currently decreasing, of course the coins you want to add must have good potential and prospects, so that you can profit when the crypto market improves later.

maydna

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Quote from: MrDave on May 26, 2022, 02:03:19 AM

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days Wink

I haven't bought any currency recently. But I already have a few altcoins that might give me an advantage. I still haven't made as much money as the others but I'm still trying because, who knows, the coins I buy might match. I've bought some Matic, BNB, ETH, DOT, and I think it could increase if the price of bitcoin can hold its position for a while or experience a slight decline. But I am not very interested in investing in new coins because they are too risky.

kelonmusk

member

Activity: 198

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COMBO Network ex COCOS-BCX

I don't bet much on altcoins but i still have stash of altcoins MATIC and BNB. I think these are the only 2 Altcoins I still hold. despite what I have often heard about the LUNA coin, I wouldn't bet much on this coin nor would there be any harm in adding a small portion my money "$10" just for the LUNA altcoin,I didn't expect much from it, in fact I deliberately let it rot until it was completely worthless LOL

Jose Mourinho

sr. member

Activity: 585

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Yes, at this time there are indeed very many new altcoins circulating in crypto, especially during the recent fall of LUNA, there are so many new coins in the name of the successor or replacement for Terra Luna, I advise you to be careful in choosing a new project because the risk is very high high, don't let you get stuck with them, especially when the crypto market is experiencing a decline, it's best if you start investing with coins that have a high market capitalization such as btc, eth and bnb.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: MrDave on May 26, 2022, 02:03:19 AM

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days Wink

Bitcoin, bitcoin and bitcoin. Roll Eyes

Seriously the only thing you need to buy on every bear market is bitcoin. I probably bought my last altcoin 3years back and stopped dealing in them for now. This is because altcoins are never good for the long time value, bitcoin is.

Getting profit is not a joke and neither a hit-and-trial. Those coins which have done well in the past will continue to do that as long as their vision is clear. Bitcoin has this but most projects employing altcoins are lacking it.

New coin does not equal to huge profits. Hype does run a lot, but it is risky and ends up becoming a gamble.

rugrats

sr. member

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Quote from: cabron on May 26, 2022, 02:14:08 AM

I'm waiting if someone tried LUNA this time since they announced they are forking and will take a snapshot this week. Anyone is taking this shot?
Or layer 1chain projects which I think we are seeing that they do still have a good price up to today despite the crash of more than 50% since the ATH.

The one that I bought recently was MATIC and maybe consider SHIB this time because they've had a lot of things going on. Grin

Investing in Shiba is quite risky but when the market goes down like this I think I will try my luck with Shiba too. Of course it won't be much just a little bit and I'm willing to accept losing it. Many people choose luna because recently team will make luna 2.0 but I like Shiba more than Luna and I think Shi is safer than Luna right now.

saladin7000

sr. member

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for now I personally do not respond to new coins to invest even though they provide good prospects, for now I only focus on coins that have strong fundamentals, because I think coins that have strong trust and liquidity provide a great opportunity to be successful provide a definite profit in the future, while new coins have a very high risk,

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

My portfolio:
1. BNB
2. SOL
3. MATIC
4. DOT
5. LUNA

In my portfolio 40% of BNB because i bought it below 300$, so i think it was very cheapest price, this coin will be speedy recover in the bull run, it’s very potential in the long term. As well as Matic seems to much bright coin for the future. I'm invested small amount of money with LUNA if it will pump in future but it’s only dream.

bayudndy

full member

Activity: 824

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1. GTC
2. CRU
These are the new altcoins that I have bought recently, but for the most part, they are not very profitable, but I am quite interested in them. In addition, it is still a process of buying some commodity coins like BTC... I think if you have built a specific plan with the market, then there is no need to worry too much about the information we are seeing. I have expected the market to sell them at a price that will be profitable.

X-ray

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Activity: 3066

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Leading Crypto Sports Betting & Casino Platform

Only hold major coins like bitcoin and ethereum. Altcoins are too risky to hodl for now and im still waiting for the recovery phase to come soon.

Bitcoin, ethereum and some stable tokens that can be used to avoid the volatility are the best choice for me right now. I will never try to put myself into the big risk by using altcoin in the bearish market even when people call that if the market can go up again but the chance for that to go even lower will always there.

so98nn

hero member

Activity: 2114

Merit: 603

Usually away from most of the altcoins if they are not based on PoW algorithm. There is valid reason behind it, many alts are based on PoS and it would be shocking to believe if they become very successful and sustainable in the long term. These projects always fail due to poor liquidity of the investment.

For me, I’m mining RVN coin with my two rig set up. I believe in that coin a lot because of its algorithm and economical emission. I get double security of long term funding and teams good too.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

1. LUNA
2. ANC
3. PYR
4. WEMIX
5. PSG
6. ASTAR

Mostly of my tokens were coming from scalping the market. This is a very risky decision but i like that. I put my money into the risk rather than try to keep it in the safe place but yeah i have some stable tokens as well. Im not feeling worry when something bad will happen soon.

blockman

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Quote from: MrDave on May 26, 2022, 02:03:19 AM

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days Wink

I have sold a hefty amount of ETH during the bull run and I haven't taken them back. But I still have a few remaining and would be good for hold for years before I sell.
Aside from it, I have BNB, gala, axs, and slp. Well, the latter is just from my holdings because should I sell them right now, I'm in losses so there's no need to sell it at losses. What's good for me is to hold them together with those investments that I'm holding in alts. And the most important, with those alts that I have is owning btc.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Buying altcoins these days is a good idea? I don't think so but I did earlier with small amount only because I am not satisfied with the situation of the market.
So for me, I just bought Ethereum. Why Ethereum? Because it is the highest market cap altcoin now and I believe that even if the market will still bleed in the coming days/weeks/months, I am hoping the dump is small percentage only compare to other altcoins.

kojektea

sr. member

Activity: 2352

Merit: 256

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Quote from: MrDave on May 26, 2022, 02:03:19 AM

Guys, let us know your choices. Name the currencies you bought recently. Let me know that who is getting profit these days Wink

I just hold the coin steady when the market is volatile, there is no guarantee that the coin we buy goes up in the expected time because the bear market is still going on, but I always try to take advantage of the moment by buying cheaply and coming out quickly, the coins I usually buy for the short term in a bear market these are BNB and SOL.

Topic: Your recent altcoin investment and why? - page 9. (Read 1271 times)