Quote from: BobK71 on Today at 05:50:33 PM

Quote from: helloinox on July 01, 2022, 07:09:26 PM

Quote from: Wong Gendheng on July 01, 2022, 10:24:43 AM

Buying Altcoin and Bitcoin certainly has the opportunity to lose, this has happened since Bitcoin is present at Exchange, there is always an opportunity to lose money, especially since the current market conditions are increasingly difficult and the number of scam projects that add to the image of cryptocurrencies is getting worse.

I doubt there is more alts scam when the market is being like this. I mean you have to realize there are now new flow of money and investors. No enough to keep the old alts running hence price keep going down across all coins.

Bear market is the perfect time to buy bitcoin. At this time, if you invest in Bitcoin, its returns will come relatively quickly. But many people keep running towards altcoins instead of investing in Bitcoin. There is possibility to high return at the same time it also takes no time to lose. Because if bitcoin dumps 2 percent some altcoins dump 15-20 percent. So investors should think carefully before investment.

As you said, when bitcoin drops 5%, altcoins double or triple. When there is a rally, the first bitcoin rises, followed by major altcoins. If a rally starts to happen, it may be more profitable to switch from bitcoin to altcoins. It makes the most sense to only accumulate bitcoins during the bear season because there is very minimal risk for me. If you are a good trader, you can increase your bitcoins in possible jumps during the bear season.