Post
Topic
Board Altcoin Discussion
Re: Reason why I won't be buying top altcoins in this bear market
by
DanWalker
on 07/07/2022, 10:07:07 UTC
1. Many altcoins will never reach their all time high again.
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.
3. History have proven that many altcoins will be replaced by new ones and that's where huge investors will be making most of their gains in next bull market.


1. Not for Ethereum and BNB, they will most likely hitting a new All-Time high when the crypto bull finally come, together with Bitcoin.
2. I don't think so, most the top 20 coimarketcap coin has proven that they can survive the current bear market that has happening since earlier this year.
3. The top altcoin has been quite the same for the last couple of years, and crypto hasn't been here for so long, so I don't get which history you are talking about.
1. Ethereum and BNB are 2 exceptions that OP didn't mention, after every bear cycle, ETH always hits a new ATH following bitcoin.
2. Ranking is something that can prove the true strength of that coin in the market compared to the rest, the better the coin, the higher the position.
3. The crypto market is extremely harsh, so if you can't change, don't grow, you can understand that you will be replaced with something better. Look at bitcoin, no one has ever replaced it because no one is really better than it till now.