The best time to buy an Altcoin is when it is trading very low, near support and after a strong consolidation phase. One more criterion, with Bitcoin ultra-bullish and rising; the best time to buy the Altcoins is now.
Look at COMPUSDT (Compound), the bottom was hit June 2023. A major long-term higher low in August 2024. More than 900 days of consolidation, bottom prices and ready to grow.
Very easy growth potential of 555% can be achieved when the pair hits $322. New All-Time High can hit around $2,400 (can be more), total growth potential from current price goes beyond 4,700%. Strong project, easy win, there is no way to go wrong with these trades.
A few months ago, say in August or September, I would understand anybody that had doubts about what is coming next year, what comes next, right now, doubt is no longer possible, some pairs are breaking up in the tune of 200% and 300% in a single day. What 2025 has in store for us we all know, Bitcoin continues to move higher and the higher it goes, the stronger the Altcoins will grow.
The confirmation comes from Bitcoin; what Bitcoin does, the market follows.
Bitcoin is the name of the game. If Bitcoin is doing good, great, it means that the Cryptocurrency market is about to experience its strongest ever bullish wave.
Bitcoin can continue to grow 50%, 100%... And this is great, but an Altcoin can grow 500% or 1,000% or more in the same amount of time, choose wisely. Defining your goals and why you are trading is very important to achieve the desired level of success.
Are you in it for money? Entertainment/fun?
Are you in it to increase your capital? To support the market? To support Bitcoin?
Whales trade Bitcoin because it can take billions of dollars in a single trade.
Retail trades Altcoin, because it is the only way to grow big and fast if you have a relatively small capital to start.
All is good as there are many of us, but if you are in it for the money, choose the pairs with the highest potential for growth. Big stable projects that are sure to grow in 2024, 2025 and beyond. The wait might be long, several months, but the end result is worth the wait; patience is key.
Namaste.