Post
Topic
Board Altcoin Discussion
Re: Is it right time to buy Altcoin?
by
insikko0413
on 28/07/2018, 11:10:32 UTC
I believe that market starts its recovery. There could be temporary downtrends, but in general it will go up. Taking this into account, I think right now is a good time to buy strong coins both for short and long terms.
Nevertheless, there is possibility that we will go deep down till to the mining price before actual bullrun. We should be prepared for that scenario and be ready to sell atlcoins/BTC and go to USTD for time. So, it is good idea to use stop-losses for your funds on exchanges.

The ups and down trend is just normal in cryptocurrency considering its volatile characteristics but one the most important thing is we should ensure that the crypto we are investing is good enough to recover its losses.