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Quote from: FireDAOJackie_Z on May 27, 2023, 02:50:46 AM

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.

It seems that you are so panicked when you see that the crypto market is not working positively. You need to know that the rise and fall of bitcoin and altcoin prices is a natural thing. The coin that you buy is a big potential to get a satisfying profit. so you better hold your bitcoin and ETH and wait for the market to go back to bullish because rest assured that the crypto market will definitely be bullish again and bitcoin and ETH prices will go back up and it doesn't even rule out the possibility that BTC and ETH will set a new ATH record later.

If you buy BTC or ETH in my opinion you should not hesitate to hold your coins. I would like to confirm that you bought some fractions of Bitcoin and ETH at $30K and $2,100, right? If yes then congratulations if you are still holding until now you have made a profit of around 100% on Bitcoin and around 70% from ETH. This proves that if it is BTC and ETH you should not hesitate to hold them.

But if it was an altcoin I think it would be very risky because altcoins can fluctuate very quickly. Some altcoins are good projects but those in the top 30 usually won't experience drastic price volatility. However, I advise you to do research on altcoins before you decide to invest.

I also agree with you. because if he is still holding bitcoin and ethereum until now it means he has made big profits from these two coins. But if panic selling is in him then I think he regrets his actions by selling it.and in my opinion if we hold bitcoin and ethereum there is no need to worry because these two coins have been very tested by bearish and bullish market conditions.