Post
Topic
Board Altcoin Discussion
Re: Reason why I won't be buying top altcoins in this bear market
by
RussianEnglishTranslation
on 12/07/2022, 12:48:15 UTC

The fall of the market is the best time to buy tokens of new and prospective projects.
But it is also very risky time, because not all the projects will be able to survive during the fall of the market.
A lot depends what project offer and how it is useful for people like this https://twitter.com/BackedTeam/status/1536639669701685254

Not all the projects will be able to survive during the fall of the market. So if you are not sure in the future potential of the coin it is better not to invest in it.

It is very important to continue to develop the project during the fall of the market. Fall of the market is very dangerous time for all cryptocurrency projects but the most dangerous is that now economic situation unstable and all market falls.
One thing that helps investing in a down market like this is to either invest in newly launched projects that aren't losing money and investors or in projects that raised a lot of money (like ICP or XLM) and have a big enough war chest to survive a 2-3 year bear market.