Quote from: len01 on Today at 10:56:28 AM

Quote from: Cryptmuster on October 06, 2022, 11:48:53 AM

Quote from: len01 on October 05, 2022, 09:02:03 PM

holding a coin when the situation is like this it looks fine and if it is for a coin that is popular and has a good reputation from the past till now like bitcoin.
when someone buys the right coin at a high price and when the current price has fallen very deeply, maybe there is no need to panic and it would be better to buy again and collect more to cover losses in the upcoming bullish season.
maybe in my opinion holding bitcoins will be more relaxed and less panicked than altcoins that don't have a good track record from the past and will make some people panic holding them

If you are talking about bitcoin, then everything is correct, you just need to hold, but if we are talking about alts, then everything is not so simple and sometimes a hold can only lead to a loss of funds. You need to look at projects that are still working now, watch their announcements and results, but even this does not always work. You need to buy alternative cryptocurrencies only if you are confident in the project, but even in this case, you need to invest a small percentage of your funds so that in case of failure the loss does not become very critical.

talking about investing in altcoins is not as easy as we imagine, it's different from investing in bitcoin. that's right.
investing in alt coins while the bearish season is still going on has a very high risk and losing those funds is one of the risks.
but if investing in the right alt coins I don't think it will cause too much panic.
I will give an example of ETH (queen of bitcoin). i think ethereum is the king of alt coins always give good price in future and not too worried if invest there for long term.

anyway investing in a new project at this time seems to have a big risk

It's not a good time to invest in new projects or tokens right now because a lot of scam coins are being released, and it's also a waste of time to sort through all the coins being released and choose the legitimate ones, which is like finding a needle in a haystack. Just try to invest in the top 10 altcoins right now because they are definitely legit, but do your own research before buying them because we don't know what the roadmap and news are about them; This is basic investing, but you really need to know about that coin you are investing to.