There are different strategies that can be used based on your trading and lifestyle.
Your finances and goals.
It really depends on you.
Namaste.
deelee99
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@Drntrd, Buy and hodl. There will be many dips along the way, and yes you could buy cheaper if you time it right, but against this is the greater risk of being left behind when the next surge happens.
No price is too expensive. This is not financial advice by any measure, but buy and hodl is what I've been telling friends and family from 5k.
tonygun72
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Looking at many indicators this may not just be a bounce. If it is as you suggest where do you think it will likely finish it's move? Many indicators suggest this move will be powerful.
deelee99
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Fair analysis, and as usual my opinion should never be taken as financial advice, but let me tell you why I would not recommend alts unless you are an experienced trader, or you are connected with a trusted insider.
Ignore the hype of 50-100x profit margins. Most people would be more than happy with 20x, or even 10x, and while 100x can indeed be made it's highly unlikely that you will be the one to bank it.
New blood does not harvest the big bucks. You will be competing with people that are close to the alts, such as the development crew, programmers, others connected with the alts, their families and friends, and also professional dealers and traders, oh yes and their families and friends. So good luck with that. If you're still interested, first consider two things: 1) Whatever profit those insiders make, can only be coming from the investors they attracted into their 'good thing'; and 2) of the thousands of shitecoins being churned out by opportunists and scammers, >95% will in time become close to worthless.
Most people I know that have invested in the 'next miracle that's going to the moon and beyond because it does what no other shitecoin could do', are lucky if they get part of their investment back.
Stay with the A-team, BTC and ETH, these are both going places, while the shitcoins will continue attracting newbies that are easily seduced by dreams that mostly turn into nightmares.