Topic: Altcoins back to downtrend as usual (Read 695 times)
Although the hype about bitcoin reaching $8000 is big and some bullish people said $10000, I see some altcoins like LISK, and QTUM are still in uptrend, I think bitcoin price soaring will positively affect many projects, but not immediately.
If bitcoin goes over 8k we might see alts drop to new bottoms. Might be best to give up on alts totally and invest into them very short term only. Always be prepared to quickly dump them. It doesnt matter how good they are, they all drop to bottom when Bitcoin says so.
Doge might soon become good investment since it cannot drop lower than 1 satoshi.
Your comments need to be follow as if its going to hit this figure then we have some worst for these alt coins may be some could done suicide as they cannot handle this but few with good vision and hard forked teams can still fight for life as they have good community and well investment vision Doge might soon become good investment since it cannot drop lower than 1 satoshi.
If bitcoin goes over 8k we might see alts drop to new bottoms. Might be best to give up on alts totally and invest into them very short term only. Always be prepared to quickly dump them. It doesnt matter how good they are, they all drop to bottom when Bitcoin says so.
Doge might soon become good investment since it cannot drop lower than 1 satoshi.
Doge might soon become good investment since it cannot drop lower than 1 satoshi.
I think altcoin investors are waken up from millionaire making dreams, it is normal to see people investing and dumping wisely. Altcoins had rallies they never had back in time.
I agree, investing in a coin with a good product, vision and better outlook of the team like the upcoming Roboadvisorcoin, SALT etc makes viewing market changes easy to deal with.
there was a downtrend before the fork but as you might have noticed as soon as it was finished (or cancelled more accurately) everyone started investing back in altcoins. That's how things usually go, everyone runs behind the short term profit and forgets the bigger picture, which is basically that we are at the very early stage of the crypto evolution and that it takes time for a market to mature. When it does though (mature) we'll be seeing some interesting developments in both terms of seeing new projects with fantastic ideas (and blockchain integration) and price alterations. The value of most of the cryptocurrencies will increase significantly and we'll experience a new kind of investment heaven. Made for a new generation.
We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.
Whenever the bitcoin is up the altcoins are getting down. During the Bitcoin cash drama period bitcoin was at 5500$ and the altcoin market was looking like to boom again. but now as bitcoin is gaining its price back the altcoins are falling.
It is very clear that there is a slight upward movement until the end of the year, but I am sure many altcoins will have a bright spot early next year, now bitcoin still celebrate the party with their hardfork so the concentration to other altcoin is very disturbed, I am trying to understand this situation.
We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.
Whenever the bitcoin is up the altcoins are getting down. During the Bitcoin cash drama period bitcoin was at 5500$ and the altcoin market was looking like to boom again. but now as bitcoin is gaining its price back the altcoins are falling.
I think altcoin investors are waken up from millionaire making dreams, it is normal to see people investing and dumping wisely. Altcoins had rallies they never had back in time.
I'm not expecting a huge boom but some sustained growth would be nice for a change
We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.
That is the usual trend. There is nothing new there. For several months already, the rising of altcoins are very short-lived. They do not last for a long time. I hope the old days will take place again when the altcoins' high flying lasts for several days. But I guess, that will happen within the last few weeks of December. Actually, right now we are seeing some greens in the charts for the altcoins. Hoping for a repetition of same bull run for altcoins in early next year.
Yes, there are tons of alt coin that only rely on traders to be alive and when more coins appear traders tend to split their investment and without the sufficient transaction volume the price will go down, if the price go up too high then it indicates the whale is pumping so it will drop again
I still believe there will be another major dip in Altcoins market, there is nothing wrong in buying now because as we can all see there are many good projects now that represent good value for investors
We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.
i think this is another best time to buy altcoin while the price is in lower and we can buy many of altcoin amount and waiting another high price soon. the altcoin having turn around from up to go down again and we have this opportunity to do buying more amount. but for some altcoin, the price is not affected with bitcoin price and they are only down a little and back to stable again. and i think we are not missed the right time to buying the altcoin.
We all are acostumbrated to those kind of situations, i dont see it as a bad thing because it is a nice opportunity to buy some cheap altcoins, it is not because i say it, when there are red numbers on all the altcoins then it means that ALL of them will probably go up as soon as possible.
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,
Btc and bcc madness. Buy when you see blood on the street. That's when it's the most profitable. All in with $alts
Yes bitcoin rise and hype still not over I think and that destroy price of many alt. maybe next year like last time alt bull will come by
We all are acostumbrated to those kind of situations, i dont see it as a bad thing because it is a nice opportunity to buy some cheap altcoins, it is not because i say it, when there are red numbers on all the altcoins then it means that ALL of them will probably go up as soon as possible.
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,
Bitcoin is having another run and the casualties are the alt coin holders. But if you took advantage of the small window where altcoins went up 30% and above profit, i think that is already good profit. You can buy again today while the alts are down again and sell when it goes back up. It is all about the timing getting in and out.
Btc looking incredibely strong right now, i didnt expect the rise to be so drastic this week
Its not as simple as bitcoin up altcoins down. Actually bitcoin and altcoins went up together in the spring and down together in the summer.
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