Post
Topic
Board Speculation (Altcoins)
Re: Are u buying alts?
by
peter0425
on 28/10/2019, 04:07:43 UTC
Right now I am out of alts completely. Alts have bottomed out and I can't see any sign of recovery. Situation has been same for months now. Since Bitcoin made a jump in April this year, Alts started going down. Since then, they are only in bearish cycle. Also, the volume is coming to Bitcoin only. Plus Bitcoin is showing volatility in a positive direction. Right now altcoins don't make any sense.
in general, the altcoin is not so dumped, it's just that no significant developments have taken place. for now, bitcoin does look good enough to hold in the long run.
Well both bitcoin and altcoins are suffering from ups and downs,so basically nothing is good but both is suffering,though we have some run yesterday but not enough to bring bullrun again
Quote
to be honest, despite knowing that, I still bought altcoin to be used in trading matters, such as taking advantage of low fees, as well as price increases in the short term. that's good enough to consider. I prefer to take advantage of the situation rather than just see it. although like that, I also still collect bitcoin to be held in the long run. however, the altcoin is not always harmful. it's useful when you use it well.
Well if you can risk for short term trading then be ready for becoming failure because it’s really unpredictable to daytrade altcoins these days.but if become lucky for sure profit will be on our hands