Post
Topic
Board Trading Discussion
Re: Short term investment suggestion
by
BuNga_cute
on 10/05/2022, 21:05:04 UTC
market not going well at this moment , almost all altcoin price  drop sharply in few days ago and looks like still keep dropping following bitcoin price which is have huge selling price. alot bitcoin tracked coming to centralized exchanges like bitcoin gemini or bitfinext which is good exchanges to dump their bitcoin. maybe need little patience anymore to get best entry level with lowest risk.

It's a bad situation right now, where the crypto market is experiencing a pretty deep decline, after the price of Bitcoin fell quite drastically.
So it's actually quite risky if we want short-term investment in the current market situation, because there is still a possibility that the crypto
market will still move lower in the near future. So my advice is better to be patient and monitor market conditions for at least one week.
So that we can learn where the crypto market is likely to move, even if we want to buy coins, which are currently cheap enough to buy,
make sure we buy top coins first. Which if after we buy the price goes down we don't have to worry, because top coins can always recover
no matter how deep the price drops. It's also top coins good for long term investment. So that we can generate much more maximum profits
if we prefer long-term investments in top coins. So in my opinion now is not the right time for short term investment.