Post
Topic
Board Speculation (Altcoins)
Re: Time to collect altcoins now or later?
by
kentrolla
on 13/01/2024, 20:42:17 UTC
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I think there was more than enough time to buy altcoins; the market was not in the best condition for more than six months for a long time.It was a great time to form your own portfolio
obviously Valid coin holders or early investors of Potential coins, are taking extra advantage for current market. Although crypto industry is in correction mode now but earlier investors are still in profit. even that was also the best time to purchase altcoins when op was inquiring cause that time prices were also low. But the fact is, everyone can't afford to invest in earlier. That isn't their fault, and so is for op. But crypto industry is full of opportunities, and many are expecting more correction will happep soon for halving effect. So that time will be also good to purchase altcoins with low price

there are still lots of altcoins with a very cheap price and they are even above the rank in CMC, only few altcoins are experiencing rapid growth in terms of price so there are opportunities for crypto investors. the only issue we can see is that there is no assurance when they will pumped. for the time being, only BTC is going up and down, the majority of the altcoin's price in satoshis didn't move high.

the one i think we still need to wait still is the bounce of BTC price after this correction. the impatient investor will sell but if you can hold til halving, its going to be fun to see prices surge.

Rightly explained as there ar lot of Altcoins which hasn't pumped but only few which has pumped in the last two month has created some sort of FOMO which may lead users to take entry at peak and also on the other hand those who are hodling altcoins which hasn't pumped yet, might end up sell off due to price correction or just to convert their investment into one of these few Altcoins which is pumping. I would say it would be better to either hodl on or else make quick gain but shouldn't cashout instead convert it into BTC as this will give more appraisal to your gains.