Post
Topic
Board Altcoin Discussion
Re: Be careful buying alts right now
by
carlisle1
on 18/10/2022, 16:28:27 UTC
It's too early for the bear market to be over, I am saying this because many think we have hit the bottom when ethereum made it to 900$, its not over and you shouldn't be buying coins with all you have, this is a fake out recovery.

I think the current market conditions are not good, so we have to be more careful when buying or investing in altcoins. but in my opinion if you want to make long-term investments then there is nothing wrong if we buy altcoins, but for the short term it is better for us to refrain from buying. and for sure we must have our own research and belief before making a decision.
This season is perfect timing for those who want to accumulate potential altcoins for long-term investment. It's important to be careful but we should also be aware of the open opportunity of buying that we should grab. We must be mindful of the potential altcoins that are worth buying nowadays and just avoid weak coins that are having a hard time dealing with the bearish season.

We should always take every information before considering our take with the current situation, if you know and understand what you are
doing you have a better chance of picking the right assets to hold.

Giving enough time frame in holding your coin in hope that it will bounce back and provide decent amount of profits after entrusting your investment.

All the decision should be on your own, understanding both risk and a possible gain will help you to balance your decision making.