I planned to buy some altcoins now that we are in a bear market but someone I knew is telling me not to, that its possible more dumps will take place, my question is how will I know when it's the right time to buy coins?
to choose the right altcoin, I think first look at what your needs are when buying altcoins.
if buying altcoins to just have and long-term investment, I think whenever the time is very promising in my opinion. as long as it is not affected by the market even though the price is going down and has no intention of selling it. similar to when we stake altcoins for a long period of time.
If you buy altcoins for the medium term, you just have to choose the time when the altcoin is going down and sell it at the right time and price according to your wishes.
if for short term, yes, of course you have to choose the right coin with a lot of considerations. because just a little late to sell, it could be that instead of getting a profit, it could be that your coin is stuck at an expensive price.
don't buy just because of someone's price speculation, because altcoins include high risk. experience remains the best teacher.
DYOR