With btc almost 50% down from its ATH and alt market too following btc, a question that might be coming into the mind of people specially newbies whether they should enter the market now. So lets try to find out-
- BTC touched 20000$ and came back. It is now hovering between 10k- 11k. This correction is temporary. Bitcoin is here to stay and will recover soon. $9000 is strong support. You will never be able to buy at the bottom, so its better to invest between 10-11k and hold some 25% in fiat in case it goes below 9000$.
- Alts are cheap and it is a good opportunity to buy now. As you can easily make 50%profit if you hold for a month. Many good coins are on sale at discounted price.
Which alts to buy?
I would suggest STRAT below 120k, TRON under 650, IOTA under 24k, HMQ under 2800, POT under 2200.
These 5 I believe can easily give 50% profit once the BTC drama is over.
This is not an investment advice just my opinion. Always use your mind and do proper research before investing in any coin.
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