Post
Topic
Board Altcoin Discussion
Re: Is it good time for alts
by
abel1337
on 20/08/2022, 23:27:19 UTC
Bitcoin started to dump again after a bad news spread against Bitcoin recently . So all altcoin prices started falling along with Bitcoin . so i think now we should stop investment in any coins . Because it is impossible to predict which direction the market may go now . so i mean this is not good time to invest your money on cryptocurrency . hold your fiat assets now
The market could potentially drop below $20k next week so it's better to hold fiat or stable coins, but if instead the market is still holding $20k in the next few weeks then I will buy DCA for altcoins, as the market will be going higher for the beginning of next year.
According to my personal TA, I can see that we can fall bellow 14-12k if this trend continues and possibly 9800 to 10k'ish at max. So I also prefer to have it on stable coins first until we hit that spots. It's my personal TA so I guess don't trust it lol. If you are doing DCA, the price dump wont be much of a problem, just continue to follow your strategy.