Post
Topic
Board Altcoin Discussion
Re: Do you trade altcoins during the bull run or just hodl?
by
JeffBrad12
on 13/12/2023, 23:41:11 UTC
Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?
Basically, investing in altcoins for bull markets and holding is very risky. Because most of the time we have seen altcoins are scams due to which people are afraid to invest in these coins. But I think there are some good coins that have high volume and potential to go well in the future that can definitely be profitable to invest in. And if all those coins can be held for a long time, then of course it is possible to get a lot of money, but you have to wait until the bull market.
its always the shitcoin that does rugpull and some scams though, and differentiating real altcoin with real team compared with shitcoin is a piece of cake, most of the quality altcoin nowaday always have partnership with the like of coinbase as their investors and so on, therefore if its scam, i wouldn't concerned as long as i am sticking my investment to these project that have partnership with these popular exchange.
therefore honestly if someone is conscious enough scams and rugpull shouldn't be a concern so long they are investing in the right coin, what should be a concern is that around bullrun, usually a coin is already rising so high that i think sometime its not worth investing anymore due to the fact that the coin might have easier time dumping than pumping even though the market trend is bullrun.
if we can get some new altcoin at initial presale or even retroactive that'd be awesome but we all know how difficult that is, so the only way to trade during the bullrun is seeking coin that hasn't been increasing yet and thats gonna be rare.