Quote from: JULIA2023 on October 16, 2023, 06:34:50 AM

we cannot say that where is the fundamental levels of coins because you can take example from the DOT coin which was at the price of 55 in january 2021 now you can see the the price is 3 to 4 dollars.how can we know where is the dip level and where is the up level.all the movement of coins is according to bitcoin if bitcoin is up all the coin will go up if bitcoin is going down the coin will be down respectively

The reality that there lies the fundamental level of the coin and if they follow the movement of bitcoin then believe me in the next few years the price will fall much lower again and the worst case scenario may be faster as predicted. This is what is called the coin's fundamental level which is not strong enough to hold the price in the market. If you intend to hold coins other than Bitcoin, why not hold ETH, which has much more potential and has a large market capitalization value. Experience should teach you that there is no coin with much more potential than Bitcoin and choose large risks can result in unnecessary losses.

It is not a good idea to believe the hype because there are many coins that die faster than expected and is also influenced by hype which makes the price rise. Unless you intend to take risks and are able to see the opportunity to make a profit, the risk is still much greater and if you don't have good analytical skills it's best not to do it.