Topic: Are the Altcoins Going to Dip in Short Term? - page 2. (Read 534 times)

Bitcoin price has been pumped very fast for a few days so the price correction of Bitcoin is affecting all other coins but it will not last long.  This is a temporary problem when Bitcoin price correction period is over when Bitcoin starts pumping again or if Bitcoin price is stable then bull market of Altcoin will start so if one wants to buy Altcoin now for long term holding it will be able to give good returns. so if someone have enough money for long-term investment then they can do it

Actually, you already know how the market moves, especially in the current situation and the setback that occurs is only temporary or a healthy correction, because after this the market will bounce back and we are approaching the halving and Bitcoin is also experiencing a setback and everything is only temporary.
And the attitude we have to face now is, we have to remain calm and don't panic. It is best to take advantage of these pullback moments to accumulate your holdings and hold them for the long term until the market returns to bullish conditions and then sell them as you see fit.

If you look at the market you will understand that not all altcoins are the same. There are many good altcoins that can provide good longterm growth. It will be easy to prevent all currencies from sinking if you choose the right currency. The market is making new ATHs with the price of bitcoin rising and Eth and BNB performing well.

My reasoning is, the whales have dumped their Bitcoin on the institutional investors/Trads in recent months as the Bitcoin ETFs have become available, but they are only seeing bag holders on the alt-coin side, and not seeing newcomers to buy alt-coins from them in order to eventually dump them on the newcomers.

My dilemma is, should I sell now, wait for the short-term pull back, go back in and sell in the long term, or is this a foolish sentiment?

The volatility of bitcoin/altcoins has been known for a long time, and speculation helps us anticipate eventualities. IMO, accumulating altcoins that have dropped sharply in price in the short term, the altcoin market has many projects competing with each other. Projects that do not have development potential or do not meet market needs may be overlooked by investors, leading to price drops. Some cases of market manipulation can cause altcoin prices to increase or decrease dramatically.

Hi all,

First time posting here. I have a bit of alt-coins in my tax free account where I can trade regularly without incurring taxes (cannot distribute).

My investments across multiple alt-coins have yielded handsomely in the past 1+ year. My question is:

Should we expect a relatively big pull back in the short term (30%+) with the top 50 alt-coins in the next two months?

I know the market appears to be in a mid-way bull market rally, but after a relatively strong upward movement recently, I feel like there has to be a temporary drop for the market to breath. Given that I wouldn't be paying taxes on these sales, and crypto doesn't have a wash sale rule like equities, I wanted to grab my profit and wait for this hypothetical pull back before investing again for a bigger gain down the road when we might see 5x - 10x by the end of this year, or early next year.

My reasoning is, the whales have dumped their Bitcoin on the institutional investors/Trads in recent months as the Bitcoin ETFs have become available, but they are only seeing bag holders on the alt-coin side, and not seeing newcomers to buy alt-coins from them in order to eventually dump them on the newcomers.

My dilemma is, should I sell now, wait for the short-term pull back, go back in and sell in the long term, or is this a foolish sentiment?

UPDATE (March 19): Well, f*ck me! My hunch was right, and I missed the opportunity. Diamond hand prevailed.

The drop in Bitcoin has had a big impact on altcoins, and currently the price of Bitcoin is at $62K and is approaching $63K and I hope that the price of Bitcoin does not return to the price of $61K. Because if that happens and there is a decline below $60 there is a possibility that the price of Bitcoin will continue to fall by 50% from its highest price, but I don't hope that doesn't happen. However, after the halving, prices will rise again because we are almost close to it.
So in my opinion, the possibility of an altcoin decline still exists as long as the Bitcoin price does not reverse direction significantly.

Well, the pullback looks pretty serious so far, it started when Bitcoin was at $73k and has already dropped down to $61k and it keeps going down. Though we can't be sure whether it will reach $45k or near that area or not, I'm pretty sure that we are going to see it going deeper than $55k at least before it starts recovering.
The halving event is still pretty far from where we are standing, a week's time should be enough for it to drop to those levels, if it takes longer than that and the halving arrives, it might start recovering right after the halving event.

I really agree with the results of your analysis.  Indeed bitcoin has risen as high as possible and there will definitely be a correction.  But I think this correction is not significant.  We still see that the positive trend is still very high.  Especially with the Bitcoin halving plan in the near future and the ETF on ETH, this will again be the best moment in the crypto journey and big bullish will occur again.  I think your idea is very good to sell it now partly to keep the profit, and buy it again at a lower price.  However, you have to be careful and really do the analysis to look for other entry and exit points on your curve. All the best for you.

If you'd followed your mind on the day you opened this thread, you would have been happy now by saving your head from the pullback we are massively experiencing these days across the market board. This is well-expected because top altcoins have been pumping and pumping for too long, there is a need for them to observe the needed and due correction.

But you are wrong about the whales dumping Bitcoin, it's a collecting supply, because on the 15th of this month when you opened this thread, Bitcoin still tested $70,000 again, you can't compare it to what has been happening since then. This should not be a surprise to anyone since the market will surely face some supplies, it must not always be in demand as we witnessed it mostly since 2023, and at this time, many whales are still holding their Bitcoin, and the same goes for the institutions' holders and private individual with Bitcoin no matter the size. That's why the price is still very well above $60,000. If not, you might have seen it dropping lower than $30,000 pretty fast.

I can only wish you'd sold already at that time to reinvest later. Peradventure, if you did not follow your instinct then, you might not need it again because the altcoin might retrace a little lower before it starts climbing again to move even higher than where the recent correction started.

We'll just need to monitor to see how far it'll pullback for now ($45,000?). This cycle is actually turning out to be a bit more compressed, but ask me about this comment in two years, and I'll tell you how wrong I was. 

2 months for about 30% down? possibly yes, right after the bitcoin halving takes place, there could be a good chance for some alts to consolidate allowing investors to re-enter the market after a strong upward trend. A lot of them would be selling their bags just exactly what you're planning to do right now. However, that's actually gonna be a huge risk if you're not being able to buy back within that time frame. As we all know the next several months after the halving everything in crypto market goes crazy.
IMO, you're all good to sell now as long as you're satisfied with the profit, there's always gonna be a perfect time to buy back even lower than then 30% pull back and even outside that time frame you set, since you're planning for a long term investment. I'm not an expert of anything, that's just my 2 cents.

had you made your mind few days ago you've already made the right call, the market does indeed corrected, even when bitcoin is rising up to $70k so many people are already predicting that there gonna be a pullback anyway you know its like tradition in crypto world whenever there's a bitcoin massive rally the correction always awaits at the end of the day.
therefore its kinda obvious.
but honestly this pullback just means more accumulation, if you successfully sold your altcoin at the peak, you can try to buy again to get massive profit since its obviously gonna climb up again anyway imagine a correction when the market sentiment is full of greed people are buying, thats why the pullback is not so massive.
but then again don't take this as a financial advice. but you should do analysation of your own.

I don't know where your assumptions are coming from. No one is dumping Bitcoin on anyone. What we've seen so far in the market is expected. It's called market correction. Those who got in early will always find a way of taking profit, either partially or completely with an aim to buy back cheap. This action of theirs can trigger paper hands to panic and dump without knowing why others are dumping. Anyone who's dumping Bitcoin now is doing themselves a disservice because Bitcoin is yet to experience its halving which is the main thing that makes price to skyrocket.

     Most of the altcoins actually passed a few days in correction or declining their price value. And there are many people who think that there is a problem, and someone just pumped, and now they dumped. Assuming that there is truth in what some say, but not all are like that. I agree with what I saw and noticed.

     Now, most of what I noticed about the top altcoins is that when there was a decline in Bitcoin, altcoins, meme coins, and NFT also followed. And I'm also sure that when the price of Bitcoin rises again, the price of altcoins will also rise.

My dilemma is, should I sell now, wait for the short-term pull back, go back in and sell in the long term, or is this a foolish sentiment?

Should we expect a relatively big pull back in the short term (30%+) with the top 50 alt-coins in the next two months?

I know the market appears to be in a mid-way bull market rally, but after a relatively strong upward movement recently, I feel like there has to be a temporary drop for the market to breath. Given that I wouldn't be paying taxes on these sales, and crypto doesn't have a wash sale rule like equities, I wanted to grab my profit and wait for this hypothetical pull back before investing again for a bigger gain down the road when we might see 5x - 10x by the end of this year, or early next year.

My dilemma is, should I sell now, wait for the short-term pull back, go back in and sell in the long term, or is this a foolish sentiment?