Quote from: Tony116 on Today at 03:05:52 PM

Quote from: yazher on Today at 01:32:45 PM

Quote from: Z390 on June 23, 2022, 05:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

You need to avoid projects that are dying and proceed with the new and trusted ones but this will take time for you to investigate the team behind that project in order to avoid getting scammed. When a bearish trend happened, some of the altcoins out there won't gonna survive after it and you might lose your investment if you happened to invest in those ones. That's why everyone is recommending investing in bitcoins because as of now, it is the safe haven for the investors. But I'm not closing the opportunity that the other altcoins bring, because some of them will have momentum after this bearish market.

Nowadays investing in altcoins can be quite risky, but if we intend to make a profit, we must accept that risk. It is very difficult to know what will be a scam project at this point, like the way Luna did, we won't know until it happens.
The best way is to focus 70%, 80% of assets in bitcoin and the rest you can research a few alts you consider worth holding.
In order to be successful, we must step outside our comfort zones and take risks.

Yeah, spending at least 70% on assets like BTC and maybe some top altcoins would lower the risk of investing the leftover 30% in other altcoins. But I think since we're at the bear market right now, other altcoins aren't worth the risk. Maybe we should stay away, have that leftover ready for BTC or top altcoins when they are dipping.