Quote from: puloweh555 on December 02, 2023, 07:52:49 AM

Quote from: Lontor on May 11, 2022, 09:48:23 AM

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?

If you ask when is the right time to buy altcoins, it will be very difficult to determine when is the right time to buy altcoins. Everyone can only speculate about the altcoin you want to invest in, so you should do your own research first and the advice of your friends should also be taken into account. You have to buy when the market is dumping.

However, for long-term investment options, in my opinion there is no wrong time because all times it is the right choice to buy altcoins and save them for the future, but the altcoins you choose must really have good fundamentals. What you need to pay attention to is that when investing in altcoins, don't rely on friends' advice or other people's predictions. You must be able to analyze the altcoin you want to invest in yourself so that later you get a lot of information and don't make the wrong decision.