I have seen all these big you tubers and twitter accounts with the huge following are pushing there followers for buying alt's by saying Its Sale! Sale! Sale!
NO, It's NOT!!!
Ok, let's start with basic, how normally we buy alt coins? By using our bitcoin, Etherum or Litecoin isn't?
The market is down and we lost 30% of the value of our main coins too isn't? How come it is a sale in altcoin?
You going to get the same number of altcoins for the amount of BTC/LTC/ETH you invest before or after the crash.
Ok, let's take the second scenario, as main coins like BTC/LTC/ETH are in dip now. You can use your fiat currency to buy them and use that for buying altcoins. Good, you got them on discount.
Ok, hold on!!!
The market is falling and no one knows when this going to stop. What if the market keeps falling?
That means you did not buy the discount you bought an overpriced product.
The only scenario you win is by using your fiat to buy BTC/LTH/ETH at the dip and buy alts and hope it won't fall any further!!!
Ok, hold on again!!!
Isn't this the way you always make a profit by hoping prices go up???
So, what is so special about this SALE??? Maybe you will make little more profit than normal?
But is the risk work taking? It depends on your decision making and risk management.
Good Luck Guys.
Do you agree or disagree with me? please let me know what you think about my opinion in comments below.
Thoughtful. Thanks for posting
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Thanks for taking you time and replying.
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