Post
Topic
Board Altcoin Discussion
Re: Is it good time for alts
by
laurenB7742
on 20/08/2022, 17:14:52 UTC
I think now is not the right time to buy altcoins because at this time many altcoins have experienced high declines and many people have lost very high assets.. so I think the right time to buy altcoins is in the next few months, and I'm sure to this year will experience a bull market, maybe at the end of the year. and choose an altcoin that is really worth investing in and choose an altcoin that has a long-term vision. so that it can help you get profits in the future when the bull market comes.
We need to wait for market signals until the end of this month or even next month, because the market couldn't break through the recovery movement reaching $25k in the last few days, so the market fails to hold on to the $20k area in the coming week then the downside price will touch $17k and hopefully we no longer see the price lower than the previous price.

It is not a good time to invest in altcoins at this time, as bitcoin may continue to decline at any time. In a bear market, we better just focus on bitcoin and ethereum would be more suitable. In case the market continues to decline, only these 2 coins are always likely to rise again, while other altcoins are harder to predict. Investing in altcoins should only be considered when the market really has positive and clear signs for a bull market.