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Crypto market down, is it time to buy?

  • Thread starter Thread starter Riberet19
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Riberet19

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The crypto market has crashed, I have seen Bitcoin at $58,000, which has made me buy a little bit of various cryptocurrencies, I think it has been a good time to buy, also looking at indicators such as the RSI, do you think it is a good time to buy? Or is something worse coming? Are you buying right now?
 
I always keep some USDT on my exchange account so that when I see the marketing going down I can buy some more assets. I bought some PEOPLE and managed to make some profits just in 48 hours.
 
You do well, these are the times when you have to take advantage of it to buy cheap, I think we will have more opportunities soon, you just have to keep some liquidity to be prepared.
 
That's true. On the platform where you buy crypto you need to have fiat balance or stable coins. This will allow you to buy immediately once the market is down.
 
It's true most of the well known and popular coins are down right now,
but there are plenty of meme and lesser known coins that are up right
now.Screenshot_2024-06-29-09-33-05-59_fdbf0c60a4e60c1d94ce967657abd703.jpg
 
Thanks for sharing, it is difficult to reach those tokens and be able to follow them, since every day more and more arrive and it is impossible for me to be attentive to every token that is released.
 
Riberet19 said:
Thanks for sharing, it is difficult to reach those tokens and be able to follow them, since every day more and more arrive and it is impossible for me to be attentive to every token that is released.
Click to expand...
That's true. It is very difficult to keep a track of new projects. Most people will find these tokens only when they get listed on central exchanges.
 
In my opinion, the best period for buying was in winter, and such drops are not so big as to buy. I have some bitcoins but I'm not going to buy right now because I'm not sure the price will go above 70k
 
Whether to buy crypto during a market downturn depends on your individual circumstances. Consider your investment goals, risk tolerance, the reasons for the downturn, the specific cryptocurrencies you're interested in, and your financial situation. Buying low can lead to higher returns if the market recovers, but there's also the risk of further losses. Research thoroughly, don't invest more than you can afford to lose, diversify, and be patient.
 
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