Post
Topic
Board Altcoin Discussion
Re: invest into alt coins after every all time high?
by
CuriousGeorge
on 24/01/2021, 16:14:50 UTC
I invested into some alt coins after it hit 40k. I am somewhat at a lost. but yeh I sold btc for alt coins. sounds like a good idea?
so when another all time hits sell for alt coins. by that time i will have a bunch of alts lol. I have a lot now. but nothing serious. enough to be a coiner lol.
It's never a good idea to buy altcoins or even other coins at their all time high price, if price goes down you will lose money faster, even for a newbie like yourself it's far safer to invest when market is down, I still don't get why people only invests when price is pumping
I hope that he knows if that's the worst decision that should not be repeated again. So many times the newbies will always lose their money instantly caused by this.
The market has been going down again after the bitcoin made its new ATH. he must have learned a lot from this case. he should never try to buy or even shorting the market because it's too risky for his money.