Should I buy ALTs now or no?
Should I buy ALTs now or no?
I am a researcher at a popular broking company, I will try to provide some good information with you regarding the current market situation in our discord server.
In short :
By buying now you will have very good profit in the coming months but you should have the cashflow and emotional strength to go through dips.
If you want to buy alts now, the best strategy is to begin a DCA until Mid-end of June.
Quick Note to be more precise : from my Point Of View, we have a little bounce to fill BPR and breaker and then we might have another leg down.
There is a lot of volatility in the market so after investing in altcoins if any token sinks, get out without risking it. Good altcoins require durability to invest. Also there are many sheet coins so market research should be done before buying. So before investing someone who can do market analysis without following hype or trend with their own knowledge and experience knows about each crypto.
The market can be very confusing now that is why we need to be confuse and prepared for the market turbulence to get the later reward.
Cryptocurrency is not for people that does not have the patience to hold. Everyone need to be upright and make proper planning before making any investment. The market might still go down more and all we have to keep doing is to keep observing and look for a better time to buy so the dip will not continue after we have bought some holdings.
If you are planning to get profits that are stable but not high, then go for alts with high marketcap or popularity. The risk involved here will be less and there will be more chances that you will make good profits for them. If you ask me personally then I would prefer Bitcoins over the alts. Right now also Bitcoins are available under 60k USD. Hence it’s the perfect time to buy some Bitcoins, hold it for good amount of time and make huge profits from them.