Quote from: Ben Barubal on May 10, 2024, 07:57:20 AM

Quote from: R1dwanRz on May 01, 2024, 03:22:16 PM

Well recently the market is in a bad mood. and I'm sure many of us are wondering why. While there's no single answer, recent news suggests factors like Hong Kong ETF disappointments and the Fed's interest rate decisions are influencing Bitcoin's downward trend.

As we know, altcoins often follow Bitcoin's lead. This dip in BTC has also dragged down Ethereum and others, potentially creating excellent buying opportunities for those who might have hesitated before.

I know you guys will be asking me, why is this post when time's going out? To answer you, I'm already taking the dip. It's a good thing that some exchanges even started events, I am also currently trading some BTC and ETH in a trade to mine event on Bitget to earn some BGB rewards.

Well people might want to know that you guys think this is a perfect opportunity now to load up on BTC and ETH? I think people should take this as the perfect time to buy the dip while the dip exists now.

I agree that it is a really good opportunity to buy now that we have been in the red market for awhile, but not for bitcoin and Ethereum, but for other top altcoins. Maybe at this point in what I'm doing, I'm just being smart in my own little way, and besides those cryptos that are on top, I'm choosing to hold for the long term.

and I don't see anything wrong so far in what I'm doing now, because I can see the flow result of what I started here last year. And there is a profit if I sell them all, but this is not the right time because, as others say, there should be a price target.

As long as what you are doing works for you, then you can do whatever you want with your investments, it is just that we often recommend new investors to be more conservative with the assets they pick, as they have the tendency to pick very risky coins, and when things do not go their way they make several mistakes that destroy their accounts.

This is so common that a great deal of the time we can tell if an investor will succeed or not just by knowing the kind of coins they have chosen, something those newbies investors cannot believe, but that they corroborate months later when their results match out our expectations.