Post
Topic
Board Altcoin Discussion
Re: What are you buying in this market downturn?
by
sana54210
on 13/12/2021, 21:51:19 UTC
the market has dropped dramatically recently, and we have the opportunity to buy cool projects at a good price, for example, it was possible to buy Solana, NEAR, Avalanche, Cordana much cheaper than they were a week ago.  have you bought something, and if so, what have you bought?
I tried to get as much as Avax as possible but then I realized something when I read here. People are collecting a bit more from the top coins, not the top three alone, top 20 or so of course, maybe a little lower, but people are not investing into stuff that are out of top 1000 or even not listed, which was the case when there was a hype.

Let us be honest with each other, when the price reached 60k+ in April of 2021, we were seeing a ton of people promoting coins that were not even listed, had marketcap under 20 million dollars, had TVL under 1-2 million dollars, and everyone tried to make some profit from it. Nowadays people are investing into btc, eth, bnb, ltc, avax, sol, dot, matic, and whatever else at the top 20-30. That tells me that we are definitely in accumulation phase, first people make a profit from these, and then they will use these profits to make a profit with other smaller stuff, right? Does that sound reasonable explanation?