Quote from: fullhdpixel on December 19, 2022, 08:49:02 AM

Quote from: ethereumhunter on December 19, 2022, 03:18:46 AM

I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

When are confident about the technology and business behind some altcoin and that altcoin is falling down, we do not have any other option except buying more to average to get better benefits in long run. Investing into bitcoin at this bottom of bearish market must be a wise decision on my opinion; I appreciate that but for buying altcoin at bottom prices needs lots of cautious. So, diversifying your altcoin bag will help among these highly unpredictable altcoins.

We will buy more if the altcoin has a chance to improve in the future because we already have a lot of valuable information about the project. But for the long term, investing in bitcoin will be better than altcoins and I agree with that because the price of bitcoin will increase in the future. And we also have to be careful choosing altcoins because many altcoins cannot increase in the future and will even be replaced by new coins.

Quote from: Ziskinberg on December 19, 2022, 11:19:12 AM

Quote from: ethereumhunter on December 19, 2022, 03:18:46 AM

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

If we are long-term investors, we never have to worry about the current market situation. Indeed the best thing to do is to keep calm and hold, and never mind about the price decline. As long as we are investing in trusted and usable projects, it eventually rises when the market will recover. But with those coins that OP has, I don't think this will have a big chance to recover, yet it is just a little chance. If I have those coins, I already sell them earlier and not to wait for another crash as surely to fall hard than the others.

That's right and it's better @OP to think about investing in other coins or just investing in bitcoins and focus on collecting more. But unfortunately, it looks like @OP doesn't know when his altcoins can increase or he may be late selling his coins when they reach their highest price. Hopefully @OP will realize what he did wrong so he can think about what to do now. But we advise him to invest in bitcoin because we already know the upside potential that bitcoin can achieve in the future.

Quote from: Maidak on December 19, 2022, 01:41:28 PM

Quote from: ethereumhunter on December 19, 2022, 03:18:46 AM

I do nothing for the altcoins I have in my wallet. I wait for its time to rise again, even though I know it will take time. And right now, many of those altcoins are dropping in price but I'm fine. But I'm still trying to buy more for those coins that have a chance to increase again. Hopefully, some altcoins can improve so I can be as profitable again as before. Now I still want to collect more bitcoins because they are still at a reasonable price for me.

We have no choice but to hold as any altcoin is currently down 80%-90% in value, selling now is pointless. And I doubt our altcoins, whether they will recover or not, is still a question, as not every coin can recover and reach ATH like bitcoin or ethereum. I think you should stop DCA for altcoins, it would be better to just focus on bitcoin, with a lot of altcoins crashing, I don't think altcoins should be trusted at the moment.

For this reason, we have suggested buying bitcoins when market conditions are declining today because the potential for bitcoin to increase is very high. If he still wants to choose altcoins and focus on altcoins, we must be extra careful in choosing the coins. Not all altcoins will increase. Even altcoins are currently in the top positions. And if bitcoin declines further, they will have to be very patient to wait for a price reversal.