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Topic: Altcoin still feasible? Profit or loss? - page 4. (Read 664 times)

full member
Activity: 1848
Merit: 158
November 03, 2020, 03:33:41 PM
#3
I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...

We can't really predict about the altcoins' movement. But normally, the top alts follow the market trend of btc. But only those that are already established in the market. Now, if we are talking about specific alts, it is better to follow their respective developments. Because their actual developments and progress will have significant impact on their market value. If traders will not see movement from the team, then I don't think they will be interested to trade with that coin, unless, it has specific use case for them like using for transfer purposes because of very minimal fee for transaction.
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
November 03, 2020, 03:20:27 PM
#2
I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...
sr. member
Activity: 1638
Merit: 261
November 03, 2020, 03:14:41 PM
#1
From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.
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