Post
Topic
Board Speculation (Altcoins)
Re: Altcoin investments have become risky this day.
by
TheGreatPython
on 02/06/2022, 13:38:04 UTC
Actually we all know to be able to make big profits when investing in crypto is to buy coins at low prices. And now I think all coins have decreased drastically, meaning that now is the right time to buy coins. But unfortunately only a few investors dare to buy coins when in a bear market situation like now, even though the price of coins is very low. Most people are afraid that the market will still go down even further, even though it's just a fear that won't necessarily happen.
Aside from the people who don't invest because they are afraid, there are also people who don't invest (for a while) because they are expecting for more dips. If the price goes down right after we buy, then why not buy again instead of worrying? That is why dca is being on the talk of the town lately but no matter how good we do our research, accidents can always happen like what happened on the luna investors. They thought they already picked up the right coin but they don't know that the coin turned out to be bad later on.

This thing can happen on altcoins but for the main coin bitcoin, I don't think it can still experience a serious issue since it was running for many years already.