But dips are not all bad news. For long-term players, it’s usually a good time to DCA and strengthen positions. For short-term traders, volatility in these conditions often opens doors for swing trades and quick scalps.
Seriously investing in altcoins is just kind of risky, because you can’t really predict them, any altcoin can disappoint at any moment, we have seen different altcoins failed us in the past, and am sure some will still fail in the future, that’s why we have to be careful when investing in altcoins.
I do always recommend investors to hold for long term, even when there is dip in the market, you won’t really be disturb about it because you already know that with time it’s going to bounce back, but short term investors will definitely panic because they don’t know when the market is going to bounce back. But long term holders don’t really care about the dip.
I don’t really encourage people to invest in altcoins because of the risk involved in it, altcoins cant be trusted, if they are dumping, then the price might not bounce back. But if we are investing in altcoins, then avoid new coins, invest in coins that have been in crypto space for some time.