Post
Topic
Board Altcoin Discussion
Re: Bull Run and Bear Market
by
blockman
on 08/09/2022, 23:06:56 UTC
Fall of the market is a good opportunity to buy tokens of new and prospective projects for the best price.
A lot of new projects appear and it is very important to evaluate how they are prospective.
And not all of them are good to buy. So, that's where your DYOR will start because if you're that type that when you've seen a token falls below its market price, you're going to buy.
That's not enough, it should be taken seriously before you buy if you're giving importance to the money that you're investing. Then if not, then just throw your money wherever you want it to be.
Because that's what many newbies do these days, they just buy random altcoins that have fell in its price without doing their research.
As you said we need to do research and analysis first before deciding to buy. Because it's true that not all projects are worth buying during
a bear market, especially many new projects that end up being scams. So make sure we are not in a hurry when choosing coins for investment,
then don't trust other people's opinions too much. Because sometimes other people promote coins that only benefit themselves, so be more careful
when choosing coins for investment. Don't let us buy coins randomly without doing research and analysis first, especially in bear market situations
the risk is usually much higher. If we have found potential coins and bought them, the next step we have to learn to be patient holding the coins
until the bull market comes. Because it must be understood that making a profit in the crypto world cannot be instant, it takes patience to get big profits.
That's what we're trying to avoid. We're done with these many scams and we don't want to be a victim of them, that's why DYOR is important because it's going to save you a lot of money if you've done so. But if not, then you're going to suffer from the consequences that you will take because you neglected to make your research. It's like the typical suggestion that we say because we need to repeat it for the newbies to see that it's really effective. It minimizes the risk that you're about to take upon investing.