Post
Topic
Board Altcoin Discussion
Re: Market is recovering, what steps are you taking?
by
Mahanton
on 08/07/2021, 21:51:50 UTC
I would do nothing, because i don't think the market is clear yet, to be honest, this little rally is a trap recently, luring people into the market in my opinion. This trick has been in use since the end of May, and while the price of bitcoin hasn't changed much, the altcoins have fallen a lot.
Altcoins are so curious really, apart from a few big ones like ETH and BNB, I cannot really trust many altcoins in the market because when the BTC was going bull in the early months of this year, all the altcoins except for a few were sitting relatively stable like Tron didn't move as much as I expected and believed.
When touching out altcoins then i do really consider on getting 3-4 and i wont really be going above with those numbers because not only that my budget permits me but also i dont prefer on handling out lots of coins
in my portfolio.When market is recovering then for those who do risk on buying cheap coins on to those times where market is on the dump state are the ones who do make out money and for those who do just observe
and tend to wait more did really miss out that chance but somehow we can still see lots of opportunities to come because market is volatile you can always have the chance to get in for cheaper prices.
Profitability of someone will really vary on how they would engage and how good they are on their analysis.