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56063753 No.56063753 [Reply] [Original]

Altcoins are still down 90-95%
This means its a good buy right?

>> No.56063764

>>56063753
depends on the coin

>> No.56063781

>>56063753
You can always go down another 90%.

>> No.56063789

The stock market is performing well mainly because a few giants on top (Nvidia, Apple, etc.) are making record profits in thanks due to them using the covid supply chain + Ukraine war "muh inflation" excuse.

Meanwhile crypto stagnated against the stock market because of relentless FUD from the SEC mainly, along with normies getting scared away thanks to James Jani's "Crypto: The world's greatest scam" masterpiece.

With that out of the way, I'd wait a little bit longer for alts to bottom out. We have entered the depression phase of the market where normies are demoralized and quitting crypto (you see the sentiment everywhere online and offline) so buy some alts, albeit the right ones and SPARINGLY. Always keep a sizable bitcoin or eth stack for market exposure if in case alts dump further so you can average down later.

>> No.56064157

>>56063789
Good advice
Many alts like for example avax seem bottomed but for their use they still can drop massively