Well, I bought some fractions of Bitcoin at the price of $30K, ETH at $2,100 but unfortunately they have been going downward since then. The bearish trend in the whole market is still prevailing, which greatly impacts on coin prices. Despite the bear market, Bitcoin is still holding on its ground with its price not fluctuating over the top. However, the altcoins are becoming more volatile than before and I begin to doubt whether investing in altcoins is a wise choice. Did you invest in altcoins ? What do you think of the current altcoin market ? Please let me know.
When the market is bearish, that's the right time for us to go in and buy coins because we get a discount. Suddenly, when the market is bearish, because altcoin prices are really falling, we buy them very cheaply and during the bull run we get significant profits. Panic when the market is bearish to buy. Don't panic when the bull run market starts buying
Its really hard to take that decision, as at that time the situation was uncertain and no one knew which project is going to come back and which isn't. In a bear market, all the projects are dumped to their lowest price but most of them don't come back when the bull market is initiated. So if the project is fundamentally strong and they are active in their social media, where they keep their community updated, then that is the project that deserves to be accumulated even in the bear market.