Post
Topic
Board Altcoin Discussion
Re: Will the altcoin holders hang on until the bull run comes ?
by
AakZaki
on 14/07/2023, 16:38:05 UTC
Whatever is happening to Bitcoin will always affects the altcoins market so we need to understand that if Bitcoin falls now, it will have crazy effects on the whole cryptocurrency market which can be a disaster if many of the altcoins projects doesn't have a string momentum to pull back not crashing out. There are projects that can not be existence when this happens that is one of the reasons why we need to invest in a good project that will not crash out any time soon. If we are the kind of investors that do more of research about a project before investing, that will keep us safe from rug pull and scam projects.
Doing full research on a new project will help us not to fall for scam projects or projects that will be abandoned in the end. But that's not a guarantee that the top project will be a project that lasts a long time. there are some top coins that are even a scam nowadays. But Bitcoin is top and trusted. Bitcoin would have had a crazy impact on the market if the price had crashed and fallen, but now the price is recovering and some altcoins are starting to recover. we just hope that Bitcoin will remain stable and tend to go up.