Topic: Are the Altcoins Going to Dip in Short Term? - page 3. (Read 534 times)

     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.

You have started it very nice and we all in this industry must have to understand that the movement of coins is just into ways; it is either going upwards or downwards at a time and it cannot go both sides at the same time. Also the market cannot continue to rise and rise forever without dropping. In the same vein the market cannot continue going down and down without rising. So when the market has risen so fast within a short period of time, it is safe that you should understand that the market will still need to cool down and correct to some certain extent. Bitcoin is correcting and so also will the altcoins do.

Short-term declines will always occur, you can see how bitcoin has fallen to the $62,000 price area now, especially altcoins that depend on the price of bitcoin. A 30% decline is still very possible and this is an opportunity for you to increase your altcoin assets. repurchasing would be better and don't cut losses. Cutloss only gives you losses, if you can do good management you will certainly have spare money to buy back.

its scary to hold altcoins when the dip starts, altcoins are always going to dump more than BTC, you can see your funds draining as it happens that is why a lot are also starting to sell. i think this is just a short pullback. give it a few days you'll see it will rally again to 70k.

but if you are skeptical about this dip and you think it will go down to 40k as some technical analysis are saying, maybe convert your holdings to stablecoin for now. market still is unsure whether it will be before the halving.

There are a lots of long positions between 50k and the top, so the market needs to shake off these positions for a healthy upward momentum. Otherwise, a long position with high leverage will earn a lot of profit which can be a concern for the exchanges. So they will try to liquidate those positions for sure, and in the process, whales will also try to take advantage of them. ETF inflow is also diminishing, so GBTC outflow will surely have a negative impact in the short term. They are still selling a lot of bitcoin every day.

I suggest you to sell 50% of your holdings and keep 50% for the high intensity of the bull run. The market is slowly recovering form the correction and I'm sure if it continues then things will be good once again and the market will go for another pump.

However, if it starts dumping then still you'll be safe from value drops because you have sold 50% of your holdings at good rate. You can utilize those funds again for accumulating more amount of the altcoins which will be much better in value during the high intensity of the bull run. In that sense you're in a win-win situation.

Market is facing a strong retracement and there is every likelihood for it to dip down to 30 percent from it original price, since the market hit another ATH that we didn't expect before even getting to bull run. After halving we can then see the market recovering gradually and we might see it doubling up the price from $73k+ to $150k though as market condition we can't give exact amount but based on speculation and market history since it always repeat itself therefore as an investor you should know when to hold or when to take profits.

There are bound to be correction after sharp rise. That's what going on in the crypto market, bitcoin too is down to 65K from 70K and so are most altcoins.
But some altcoins are performing better and are increasing even in this correction phase. Every correction is a chance to accumulate cheap coins. As people buy and accumulate here, a support level is created which becomes for the next bull. Even though coins may seem to decreasing in short term, it is a preparation for even a larger bull in long term.

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.

The cryptocurrency market has been growing since October last year, that is, almost five months without any significant correction. But without correction, further normal price growth is impossible. We are already seeing a decent correction. So, if Bitcoin recently rose to $73,477, now it has fallen to $63,152. Ethereum rose to $4,193, but now its price is $3,268.
Considering that there are still many interesting positive developments ahead in this market, there is no doubt that this year and next we will see significantly greater growth than what we have recently seen. Therefore, for those who have not yet bought a cryptocurrency with potential for growth, there is still a good chance to buy. At the same time, now is no longer a good time to sell our coins. But everything will depend on the depth of the correction that we see. It’s unlikely that anyone here can suggest the right solution.

Very brilliant answer. I agree that not all altcoins are the same. There are several coins and tokens that fall under the category of altcoins, and you cannot say that all of them act and behave the same way. There are altcoins that will dip even if there is a bull run, while some will pump when there is a bear season.

Most of these altcoins are controlled by their owners or developers, sometimes traders and investors. Unlike bitcoin, which has decentralization, not all altcoins are decentralized. So there should be no conclusion that altcoins will dip in the short term OP.

When it comes to prices that freefall or pump hard, there is certainly significant activity by the community that uses the crypto curency (altcoin). For me you are already quite smart and have techniques for your portfolio in the wallet. I'm not strong enough to buy a lot of coins, especially my capital is limited, even so I still make a profit from what I trade, I only keep 4-10 altcoins.

If there is a correction fault, it is natural, although there are those who are satisfied (people who profit) and there is a decline . However, on certain altcoins I am sure that they will return to these high prices, and not infrequently I add ammunition from my daily trading.

Q1 this year I think is very encouraging for all crypto activists, including if you want to join the ride you can find the ideal point for the coins that the whales have, the potential for ethreum and bitcoin will still continue even better. DYOR with your asset management.

It all depends on how Bitcoin performs if Bitcoin goes down then Altcoin goes down even further and only when Bitcoin starts making come back then Altcoin will make comeback that too when Bitcoin increases and trn stay on same range for a while. We have seen in the past whenever there are dump in value of Bitcoin the Altcoins bleed even further and same thing is happening now as well, I would say we shouldn't by it as of now af rather eit for a while, I am holding Altcoins very few though but I won't buy any further and if market continuos the downward trend then I would convert it into USDT with proper buy back strategy.

Just like the way the price of Bitcoin has been ranging, we shouldn't be surprised that the same is happening to altcoins too and there are altcoins that are short right now because of the ranging movement of the price of Bitcoin. We can make money from holding altcoins just like Bitcoin but just have to buy and hold the giod ones in the market that have good volatility and the price are moving well.
This is the only way we could make money from holding altcoins for us to follow the bull trend.

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.

I am sure whether you took the call already or not, if you did then you did great job but for the last 48 hours or so the dip happened and I don't think there will be further dip in it so if you didn't sell then just hold and wait for the bounce back, surely in the next couple of weeks there will be surge again and that's the optimal time to dump and cash out your profit or if you are willing to take further risk then wait for few months and it's high chances that coins can atleast grow 50 to 100% before the end of this year.

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.

Taking profits when an altcoin is pumping would be a smart move for any investor, because you don't know when the next dip will happen and whether the project will recover and pump again. Bitcoin price movement controls altcoins, so as we're seeing a correction now, it'll affect the price of most altcoins, let the OP decide the altcoins to sale in order to maximize profit, but if I were him and I have a top altcoin like Ethereum, which is as reputable as Bitcoin, I'll not panic and sale it now.

Looking at the market you would notice a  resistance since bitcoin crossed its ATH and many other altcoins like ETH also faced that resistance.

The truth is we alm should be expecting a pre halving dip even if not much a a serious consolidation that would retrace around 20% backward, then we can start having major price increase.

Given the fact that funding rates across the markets have been positive for a long time, I'm also of the opinion that we might see a possible 20-40% dip in the market soon. As with every bitcoin halving event leading to a full-blown bull run, there is usually some major pullbacks in -between. IIRC, we had a major dump around $46K price that halted at $38K price for Bitcoin and altcoins in a devastating collapse. So there's still a possibility of another one. I'm not an expert in TA so that's my personal bias because there cannot be only green candles.

In the meantime, I want to share a recent experience: I tried timing the current pullback and ended up selling my bnb at $498 which I thought was the local top before a short pullback only to learn in less than 24hrs that I sold it for cheap (when you consider 498 vs 636).

If you feel like the market is near the top, you should take a bit of profit off the market from time to time.