Major cryptocurrencies have been on a downfall this past week, as investors lost confidence on Terra (LUNA). Bitcoin, as well as, Ethereum, Cardano, and several other "blue chip" coins are being traded at a discount these days. This could be a huge buying opportunity before prices bounce back to their original levels. If Bitcoin is predicted to reach $100k, then imagine how altcoins will rise in price. Buying the dip might be the best thing you could do right now. If you're into crypto for the long haul, you'll know what I'm talking about.
That said, I'm curious to know if you're buying the dip? If so, I'd like to know which cryptocurrencies do you think are worth the investment for the long term and why?
They only lost confidence on luna but not on the other cryptos that they are holding. I know other cryptos are also dumping but now this wasn't related or caused by luna. Before the luna collapsed, the market are already on this phase. 100k for btc is one of the wishes by the many but if they have priority I think that is when the price starts to stabilize and break the 50k barrier.
100k can only come soon when the situation became a little better. It's normal that they can predict higher prices for btc but they can't expect the same thing for altcoins. I know alts can follow btc but still, btc is still more superior compared to all of them. Tbh im not buying but I am just earning sats online and for me the cryptos that are worth it for long term is only btc.