Post
Topic
Board Altcoin Discussion
Re: best coins to buy in bear market
by
yurez
on 09/05/2022, 06:35:57 UTC
Ethereum (ETH)
Avalanche (AVAX)
Polygon (MATIC)
ApeCoin (APE)
The Sandbox (SAND)
Moonbeam (GLMR)
Acala Token (ACA)
Astar (ASTR)

Is this a good portfolio in general and during bear market or do you think that 8 coins are too much and i should try to reduce the coins?

edit: SOL is not in that list because it has been so unstable recently

You have a great portfolio to which I would add ALGO, ICP and DOT. A bear market can last for many months or years, and severe drawdowns in the market are inevitable. It's easy to get caught in a bear market, but it's a great opportunity to buy at low prices. In my opinion, regardless of the choice of coins in a bear market, the averaging strategy works great. The main rule is not to give in to emotions and not to sell on a panic. Instead, use a DCA (Dollar-Cost-Averaging) strategy, buy on a drawdown, explore new coins, and evaluate your portfolio.