Quote from: sana54210 on Today at 05:06:10 PM

Quote from: jasonjm on July 13, 2023, 03:15:45 PM

Altcoins are the best source to earn huge profits because when a new altcoin launches, it usually pumped over 100%, with few exceptions. You can earn a profit in a limited time frame. Furthermore, the technology they are using and the innovation they are providing to the market is top-notch. Some are very good projects in terms of technology, for example, ETH, SOLANA, DOGE, XRP, etc.

I am not sure about what to do with this, it is not going to end up being anything good at all. I feel like we should not be considering the situation that bad. The truth is that we won't be seeing the alts go up a ton without bitcoin so it is all about having bitcoin increasing at first and there are tons of shorts and getting bigger nowadays.

Of course the price could go up a lot and break all those shorts to make some good return as well, but there is no guarantee on that at all, we can't really expect it to change anytime soon. We need to make sure that it is not like that between whales, we can't have a fight between shorts and longs because in the end if we are wrong then they will fight one way or another while hurting us.

In my opinion, Altcoins are important because they provide opportunities for potential profits and offer innovative technologies to the market. While the market situation may seem uncertain, it's crucial to consider the role of altcoins alongside Bitcoin. Bitcoin's performance often influences the overall market, and altcoins can experience significant gains when Bitcoin rises. However, it's important to note that the market is unpredictable, and there are risks involved. Balancing long and short positions is essential, and understanding market dynamics is crucial for making informed investment decisions. Stay updated and be mindful of the interactions between different players in the market