Post
Topic
Board Altcoin Discussion
Re: is it still risky to Invest into Altcoin now?
by
strunberg
on 11/04/2024, 18:01:51 UTC
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 like to do slow trading. This means I will buy a coin and I will sell it when I get a profit above 50%. I will try to be patient waiting for my selling limit. So I can't say about short or long trades. In current market conditions, it is important to know when to enter and when to exit.