Quote from: Tmoonz on May 10, 2024, 10:59:32 AM

Quote from: Tahid12 on March 10, 2024, 10:17:52 PM

Bitcoin price has almost reached $70k and Altcoins marketing also flying with Bitcoin including most of top altcoins. But as we know that, Bitcoin halving is on the way. So i expect correction in Bitcoin price as well as the effect should be seen in altcoins market too but is that going to happened? Are we gonna have one more chance to buy altcoins with low price ? What do you think about this

It is an obvious fact that the performance of other coins depends on Bitcoin so altcoins can only fly as long as Bitcoin fly and when it corrections occur to Bitcoin it affects altcoins too, yeah there are definitely going to be another chance of buying both coins at a low price. But however, being overly aggressive can become devastating as it May affect your other financial needs so it is very important not to be too excited about buying at the lower price.

Aggressively buying altcoin is not a good idea if you have any colleagues or freinds who feels its a good idea perhaps you should try convincing him. Altcoins are risky and buying aggressively in it is like taking more risk which will be difficult for you to come out of the situation if lose such money. Instead of investing aggressively into one altcoin why not diversify the investment into several altcoin so that one can possibly save you when others fail you. Lucky enough more than one may come out with good profit which is a big win for you.