Post
Topic
Board Altcoin Discussion
Re: When is the best time to buy Old Coin?
by
Henrobakkara
on 13/10/2022, 16:32:53 UTC
This is important especially at this point in the market because we are so low already with the prices of cryptocurrencies however the old saying is if we go down 80 nothing is stopping us from going down another 80 so we want to identify the best times to be buying altcoins for those longer-term swing trades
Buying old coins? so I think only bitcoin is the only old coin that is worth buying and making it a long-term investment because if we look so far only bitcoin can provide large returns for us when the bull market comes, last year I bought some LiteCoin coins (LTC) at a price of around $350 when the market was experiencing an upward trend and hoped that the coin could benefit me but after making a purchase with it suddenly the market collapsed until now so that I had to experience a decrease in half the value of my total portfolio.
I am ok with the Bitcoin investment for the long term but I don't agree that Bitcoin is the only old coin worth buying for the long term, however, would have bought BNB over Litecoin because, over time, I have noticed that BNB also recovers in price quicker than most other Alts. So when it comes to investing for future profits, BNB is my top 2 with Bitcoin and Ethereum.