Quote from: Troytech on February 27, 2024, 05:24:38 PM

Quote from: kentrolla on November 14, 2023, 09:00:36 AM

I would like to brief about the current market situation as there has been surge in value of altcoins a much higher surge compared to Bitcoin and many would have utilised this momentum to gain profit but if we look at the other side if you just look for top gainers you will find altcoins with top surge but the next day or after few days if you check the top losers you will find the same top gainers in this list as well. So there is a price increase for altcoin but not a established one like Bitcoin, because we have not seen dump in the value of Bitcoin for over an month now but Altcoins has been pumping and dumping and in my opinion it's not worth to make entery for long term as of now it's good only for quick profit whole being very active. What's your opinion ? Shall we invest or just involve in quick trades ?

I think your right about your current market overview and the altcoins market has always been that way as one that is very unstable and still highly volatile. And I think uts been manipulated my investors with huge capital to pump prices and cash out when it's high, to be safe just invest for quick profits, its unreliable to invest in altcoins for long term, since they are very unstable, I would t also sell the idea of taking short profits, u less you can time the market and take those profits at the right time, which i highly doubt, what I think everyone should be more focus on now is buying more bitcoin and trying to build up his portfolio for thos bull run, bitcoin would hit 100k or even more thsi year, so I guess the profits would later top that of the altcoin market.