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 ?
If you are asking about risk then the risk has been there since you wanted to invest and enter into trading either immediately or long term. As we know, prices fluctuate. so we never know when it will go up and when it will go down. everything requires research. and current market conditions are indeed improving, starting from bitcoin and altcoins as well as several memecoins. and the current conditions are very suitable for quick trading.
I agree with you. Current market conditions still make it impossible to accumulate several altcoins because the market is uncertain whether to be bullish or bearish. But if you have a lot of capital and you are ready to hold it for several years, I think this is the right moment because currently altcoin prices have fallen since the beginning of this year.
It had never become certain in the first place, and this is something that you should really be able to realize on. Wrong thing about other people is that they do FOMO'ed out themselves whenever they do see someone who do make out some huge profits in some altcoins on which they would really be trying out to copy it out and believe that they could really be able to get on the same outcome or results on the moment that they do make out some investment on which we know that it cant be possible. It will really be always best that you should really be wary on the actions that you are making and not really just that making yourself get ddragged with some hype. Yes, we do know that diversification would really be always best and something recommended but due to capital limitation then we would really be ending up on investing on a few.
Anything has the risks even if you do simply buy Bitcoin and holding up for long. We do know that future isnt something that we cant really be able to know. This is why
on the moment or time that you do make out some investment then always consider out that the risks of losing money is there. Never ever be that having that kind of assured feeling
that you could make profits because this is something that will really be making you desperate. So it would really be up to you on how to make yourself deal up with things.