Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Presh0351 on June 17, 2018, 01:24:42 PM
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Do you think investing now is a good advice... I heard some people saying altcoins is affected by bitcoin
Is the saying true
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Don't believe them if you don't like but that is the reality. You can start to observe the price of bitcoin and altcoins now Notice the motion of bitcoin and the motion of altcoins. Then after finding the answer you can definitely found out.
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When the prices go down, that is a good time to invest since you will get a lot of profit when the prices go up.You will need to be patient to hold your coins for a long time, so you sell them when the prices go up.
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Right now among so much uncertainty I would be looking for projects like MyShield backed by Brand Shield which alredy exists on the market by the way they just announced partnership with ZEEX …. Do some research and you will be surprised
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If you do invest, I would go small... the real buy signal won't be until we leave this symmetrical triangle to the north with bitcoin for a big altcoin cycle.. I think in these regions its definitely worth taking on some small bags, but have a lot on the side for some low ball bids in case BTC revisits 6k (or even 4.5k)... really try to average down if you can and make your bags heavier the further we go down, and if they get too heavy sell some of your bags a little lower in profit to be able to cover the bottom again since anything can happen.
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Investing in altcoins is the most profitable in crypto. But at the same time and the most risky. Before you buy something you need to analyze a lot.
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Invest while the market is red. Why it is red? Because of bitcoin.
Bitcoin is the main source of crypto market price chance from bigger profit to lower profit. Altcoins follows what the indication of bitcoin flows.