Post
Topic
Board Altcoin Discussion
Re: Reason why I won't be buying top altcoins in this bear market
by
$anounimus$
on 07/07/2022, 09:51:24 UTC

2. Don't be fooled by altcoin ranks on coinmarketcap because many won't stay in top 20 anymore after we go deep into this bear market.


Some will speculate that the altcoin market is dead but I think that in its own cycle, there are bull coins and bear coins. I suggest you only invest in the top 5-10 altcoins with the highest potential because money invested in all of them is risky especially if you don't know the details and try to enter new projects that come to the market.

For the most part, this is a good time to buy the top altcoins with potential. Even though the market is currently in a bear market, there are still plenty of opportunities for those who are patient. Of course, that doesn't mean you should throw your money into any altcoin you look at. Diversify your holdings, research each idea thoroughly, and make sure you know exactly why a particular coin or token has the potential to succeed over time.