Post
Topic
Board Altcoin Discussion
Re: Be careful buying alts right now
by
Fredomago
on 11/07/2022, 18:35:27 UTC

A lot depends how useful the coins and what profitable tools it offers. It is necessary to check all the information about the coin to know more about it like this
https://twitter.com/LollipopBsc/status/1537731681779453952

It is necessary to be very careful during the fall of the market. Not all the projects will be able to survive during the fall of the market and it is necessary to have experience to evaluate the future potential of the coin.

During the fall of the market it is very dangerous time. Many people lost a lot of money during the fall of the market.
Now economic situation in the world is very difficult and there is a big inflation.
Many people lost money on investment and stopped their investments at all selling their assets.

If you are not mentally prepared it's better not to participate or to pause for a while, there are many influences that affects the market and with that, it's better to make sure that you are in the best mindsets before doing or taking any decision, like what you just mentioned there are many investors who are losing their money, people who are not willing to take the risk and being move by the current situation, they accept the portion of their money to lose and stay out before losing everything.