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?
no one knows when the time is right, unless you know who will sell in large quantities and you are prepared to buy it.
Now the market is not in a dump and is said to be sideways tending to rise, different from Q2 and Q3 this year.
Q4 market looks better, my suggestion is you can buy slowly now.
if you are investing to buy slowly then that is the perfect timing when you posted this because now that we are near ending 2023 as this is the last day of November , I assume that we will be seeing the what is predicted to come about crossing 40-48k usd and surely correction will follow as there are so many investors that waits to sell out specially those who was trapped last year.