Post
Topic
Board Altcoin Discussion
Re: Is it good time for alts
by
smartaction
on 21/08/2022, 18:20:04 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.
There is very little chance of Bitcoin price falling below 20k again. But everything is possible in cryptocurrency.  and since the market is still not stable.  And the market is still going through a bad situation. so we should wait some more time then make investment decision