Post
Topic
Board Trading Discussion
Re: How to trade when the market is bearish
by
Oshosondy
on 05/08/2024, 07:50:14 UTC
Also know that as some people are buying the dip, the market might fall for further which might not be good at all for altcoins because they are more volatile. But you can buy the dip if it is bitcoin and less volatile coin.
In my opinion if bitcoin falls further it will encourage altseason to start, because people will get bored with the movement of bitcoin and it will encourage a lot of money flow will go into altcoins
Just know that altcoins have gotten their season since last year to this year when they increased up to 5x and 25x. Some altcoins even increase more than 25x. Many of them have gotten to all-time high and may not get to all-time high again in decades. If bitcoin increases again, they may increase but it will not be as significant as their 2023/2024 increase. Be care if altcoins this time.