Post
Topic
Board Altcoin Discussion
Re: How to invest during bull market?
by
michellee
on 24/11/2021, 05:56:21 UTC
How to invest correctly when everything is pumping? I think it's best to focus on promising startups and coins at a time like this. Now I'm interested in projects related to blockchain security (CheckDot) and game tokens (Genopets). What strategy do you follow?
Investing in bull Market is also fine, as long as you don't get greedy. Yes it could also be dangerous since you already bought the top right? That means that if you don't exit and a crash happened youll gonna bleed a lot for that. So make sure you check the history of the coin/token if already pumped a lot or not cause diving a hard crash will make you crazy as you see your portfolio swimming on red beach.
The greedy is the main problem in the investment because, as we know that when people see the profit comes to them, they want to make it bigger by waiting for the next high price. But the reality is the price can get down or even drop drastically after reaching the high price. I agree that we should exit and sell the coin before the crash happens so you do not have to wait for another time to sell your coin at a high price. Investing in a bull or bear market will give you an advantage, but remember that the disadvantage will come too. So the research will help you find which coin you can buy in the bull or bear trend.