Should I buy ALTs now or no?
Should I buy ALTs now or no?
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.
DCA is a good strategy to buy any coins or tokens to the dip price but even if you do it to coins or token you like without a deep research about the coins/token you are planning to keep DCA you might end up earning negative profit.
So if you want to avoid them better do it only to the top 10 coins listed on Coinmarketcap and coingecko but the only problem is other altcoins are way more volatile than the current top 10 coins. If you are a risk taker you can do DCA to any altcoins from the top 100 just make sure to diversify them because some altcoins are not performing well and old coins like TRX is not performing nice these days even the price of BTC drop it keeps increasing.
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.