Quote from: Tony116 on May 07, 2022, 03:41:35 AM

Quote from: Wawa2013 on May 06, 2022, 06:57:37 AM

Quote from: Tellek Garing on May 05, 2022, 04:33:23 PM

Quote from: n0ne on May 04, 2022, 10:37:53 PM

The market is at its corrective action, so the price could fall down or if could bounce. For now it looks like the price of altcoins have got dropped with connection to the fall in the price of bitcoin. With bitcoin we can't get into conclusion about the trend, because it looks like market movements were of fluctuation and not a decline/increase.

This, is the best time to buy as the price of most crypto currency are in a down mode it best to buy low and sell high in that way you will have multiple profits when the price rise, with Bitcoin touching the 36,000 today it obvious that the market will is on correction mode which is an advantage to investors.

With the price of Bitcoin dropping to $36k, the majority of altcoins have experienced a decline in price. Therefore, with a market dump like now,
it is the right time to buy coins. But not all coins are worth buying, even though the price is very low. We need to choose really potential coins,
so we can make a profit when the market recovers.

Because if we choose the wrong coins for investment, we will be stuck in the coins for a long time. Because there are a lot of shitcoins circulating today,
if we buy shitcoins that are only used for pump and dump, then when the market dumps enough shitcoins it takes longer to recover. Even some
shitcoins when the market dump became a scam, because they were abandoned by the development team. So be careful in choosing coins for investment.

Not only shitcoins but also potential coins have the potential to become a scam if the bear market lasts. Bitcoin has dropped below 36k and altcoins are bleeding profusely. This could be a good time to buy, but you need to consider it all, i think the top altcoins will also have a hard time holding their ground if the 2018 bear market repeats. My advice right now can only be bitcoin, ethereum and BNB, I will not buy any more altcoins if the market continues to fall.

What you're saying makes sense, now Bitcoin is unexpectedly dropping to $30k and of course making the price of altcoins drop very deep.
The majority of altcoins have experienced a very deep decline right now, if we look at this from positive side, we have the opportunity
to buy coins at low prices. But as you have said there is possibility a potential coins to become a scam if Bitcoin experiences a very deep decline.
So in a very bad market situation right now, we have to be more careful in determining which coins to buy.

To be safe, for the time being, we should not buy too many altcoins, if we want buy altcoins, it is recommended that they include top coins.
Since we know top coins can usually always recover no matter how bad a market crash is, your advice is very good by suggesting buying
BTC, ETH and BNB. Because the three coins are not only potential and popular, but already have high trust from investors, so no matter
how deep the price goes down, it can definitely recover. The most important thing is that we have to be patient until the bullish trend comes.