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

This is very crucial when selecting coins to invest, though it depends on how you analyze and assess projects that you think have a good potentials, you just need to consider all the factors that might triggered the possibilities of gaining decent amount of profits, more on how you settle your research and how you position your trades.

Timing is important  especially if you are a type of a trader who loves to ride along and got that big nerves to risk your money.

We have no idea about the current state of the market but we can solved the crucial problematic matters on our path, why? Because we know the basis of the market and we're ready to do anything to safe ourselves. Altcoins will either pump or dump, it all depends on the market season available. None of us will wish for heavy losses because holding unto these projects, we just need to focused on the promising ones which seems too difficult to comprehend.

To avoid such pumping and dumping coins you should think about investment in those coins which reduces your fear to loss money. I think solana is highly profitable these days so don't skip such coin as it will show greater success as compared to new coins.

There are large number of coins which are only live due to Bull season and favor from investors but they will not live longer and will die when condition become unfavorable. Ethereum among altcoins is the best choice after which Solana is going to have tremendous success so if one ignore these coins then he will avoid the way of increasing his money and will trap into scam projects.

Of course especially memecoins where they already have an established community and when they get enough investors, they just go ahead and get profits which leave the rest of the investors with a useless coin



Well that is your experience but not all coins that get listed do well in the long term many of them still get listed and then die after a year or so. But being listed does decrease the chances of the coin being a scam.

That's altcoins for you and we should enjoy it while it lasts. Altcoins are many, so their behaviours, actions and inactions will definitely vary because many things are different with them. Their news, and community size are different, and so are the brains behind them. The upgrade/scalability, the hypes, and even the marketing by some vary, so we can't expect the same reaction from them. This is why it is good for us to vary the coins/tokens we buy, so that we will not miss out, and when they make huge corrections, it will not affect us as such.

And yes, no doubt, many altcoins are being manipulated. This is obvious on the trading charts with the way they behave. Some would be pumped so fast and be dumped in that regard as well. It's all about the relevance of the coin and its market capitalization. The lower the market cap, the more susceptible they can be manipulated. Above all, what I do now is to invest in the coins that are newly listed by notable exchanges. They are mostly stable and performing well these days.

but they will perform in long term as well in which different from those shitcoins lovers that seeking for easy money that brings them into wrong decisioning and of course results .
better to invest in slow moving coins than those fast moving but ending scams in the sooner time.

so far top altcoin always move based on what bitcoin is gonna do next, if it pumps then it pumps if it dumps the opposite scenario happen, if the market is just as obvious as that, i don't think i can call it risky, i would say its risky if it venture in different path compared to bitcoin only then investing in it will be risky even more so if the altcoin is going toward the direction of bearish on its own disregarding bitcoin price movement probably caused by certain event happened toward the project such as some incident and so on, as long as coin just following bitcoin path anyway, i have no problem with it at all,certainly at some point it will recover back, in the market of bullish, i'm even more assured if the coin just follow bitcoin's path, at least that way its more easier to predict the price movement.
though if you see in the market despite the price correction that now have recovered anyway, certain coin are gaining some massive gain like ena and wormhole, these are just examples, though they are not top altcoin.

Many altcoins move in similar direction to BTC, if BTC experiences a DIP other altcoins also experience a DIP, and when it goes up altcoins follow similar directions, recently many altcoins have experienced a DIP in what has been a very tough year for them , the altcoins are already experiencing more DIP recently ,
And the delaying of the US SEC on the approval of a the ETF will also affect the DIP of altcoins.
Investors of altcoins are already selling it, BTc is able to maintain its value.

Yep, there are already a lot of altcoins these days and no one knows what altcoin will go pump or dump. There are already a lot of different bases, like some token unlocks, some fud to different altcoins, or some big updates from different projects.
Some also are pumping or dumping because of manipulation.

Nobody knows this for sure.  What I can tell ypu is that at some point we will probably see a parabolic rise with the market.  Not sure which coins will go the most but it happens every cycle and we haven't seen it yet.  So with that being said I wouldn't be scared of a pullback and actually would welcome it.  Cost average in when it comes down and be ready for the real bull to kick in

When you turn 65 or 70, which most of us still have a few decades to go, you can't, and shouldn't, be investing in a highly speculative and risky asset classes such as crypto (if even these assets will be around that far into the future, or become consolidated and stabilized in a few decades).

This kind of yo-yoing would get you killed in the market, and when you are 70 years old, you can't risk most of your investments in something that might kill the very investment you need in your retirement. You are not 25 or 30 and don't have 30 to 40 years to dig yourself out of a hole anymore.

As it is it is better you keep your altcoins foe a long term investment because right now most of the altcoins networks are congested and you can't do any tangible transaction because the transaction fee is very high. So I will advise you to still keeping or holding it till the rise of the altcoins. 30% in few months to.w is god but before that you have to check the market is they are moving and from my observation the market is stable. So I will not advise you to sell now and still wait till the market move upward.

Top altcoins are also quite risky if Bitcoin is unstable or Bitcoin dominance increases. If it is to hold long term, you should really pay attention to the top Altcoins, and use your cash reserves to buy when the crash suddenly comes. I also buy some shitcoins sat presale and sell them when they list, never hold a shitcoin any longer because it will go down like crazy.

For top altcoins, we can decide to hold a longer time when it is not profitable to sell now. However, if it is for shitcoins, you sometimes need to sell for loss because if you are holding for a longer time, you will end up with losing all the money.

Yes, Bitcoin is the best coin to invest if you don't want to take a higher risk on altcoins. Bitcoin price growth is very clear, it should be safe to hold until the halving time. If you are not confident to continue holding, just sell when the price of Bitcoin rising in halving time. This way can be safe for people who just join the crypto investment.

But the market condition sometimes forces us to hold for long because we can never sell at loss. I am holding some altcoins, the current market affected their prices and I was intending to get little percentage increase before selling, now I have to wait for them to recover before selling them.
Buying bitcoin is the best option I must say because the percentage decrease I have in my current altcoin holding is much while Bitcoin has almost recovers where altcoins are still left behind.

i sure agree with cashing out every cycle but moving to a conservative investment such as dividends and bonds might not be easier for me.  i speak for myself being a crypto investor, i have no idea which bonds and dividends but these are types of assets that you will have to give up all data while the assets aren't very liquid. vehicle is a depreciating asset which is a no-no. for some one like me who wants to reinvest in back, will just keep the asset in stablecoin and wait.

The market always dip and surge after a while this is a normal occurrence in the market that we need to expects.
I just hope the price of Bitcoin can do it again the way it does it sometimes ago. The price of Bitcoin would be very profitable just like the way we are holding other cryptocurrency projects in the market. We should be ready to make money and do things in the way it's going to benefits us and bring rewards. There are people that have trader in the market and still don't get any rewards based on the way they do their things.

And the truth is, any situation is possible, even if bitcoin falls, there will still be some altcoins that increase in price. It brings a feeling of confusion when witnessing independence in space, but the indirect relationship still takes place. And indeed, buying altcoins when prices drop also requires careful research, as you mentioned about memecoin, it is in the category of adventure (gambling) so I don't think honest belief in it is serious. complete.
Some top altcoins such as ETH, ADA, XRP,... offer clear returns when they recover, but investing is a different choice for everyone.

We can be either straightforward in our dealings with the market, I know it's not easy but we tried our best. There are projects that's pending, to change our life and there are some that doesn't lack any entity, rather they're just in existence to ruined the life's of investors and liquidated trading accounts. We have alot of altcoins in the market, be specific when you're talking about dumping and rising because the current market we found ourselves today will never end well, rather we'll be witnessed back to back inconsistent results.

To some of the altcoins, it's possible a 30% pull back or even more. Thanks to the volatility of the entire market and that's why all you have to do is to be welcoming to any changes and volatility that will affect the entirety of the whole market including Bitcoin. If you are for the short term, it only means that you are holding and waiting for some push of the coins that you're holding and you're prepared to sell them all at once. A good strategy is whenever you're in profit, use it to buy bitcoin.

Crypto is a super volatile asset class -- one level above gambling sh*t. There lies an opportunity for someone who is patient enough and has emotional and mental fortitude.

I don't believe the way crypto markets operate one should hold when the investment is well diversified. I think the retail investors should cash out their profit in every cycle.

The goal is to hit that 10x on the original investment, then take the profit and flush it to a more stable investment vehicles such as regular stock markets. And as you age, profits from those riskier investments such as stock should be siphoned to more conservative investments -- dividends/bonds etc.

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

Despite that am not an altcoin person, some altcoin has potential in them too but many scam coins has made it look as if all altcoin are without potentials, your question depends on the particular altcoin, some altcoin may dip and never return to their peak again amd thats because some investors that boost it earlier has now gotten alternative that better, in some cases too when there is market shift it affect altcoin and it is a normal scenario that's is bound to happen but such altcoin may bounce back when the market goes back to normal, but the thing is how will you know profit oriented projects.

I agree with you that not all alt coins in the market will follow the same path. Bitcoin rally has seen many altcoins follow Bitcoin, especially Ethereum, BNB, Solana Coin have performed well during Bitcoin rally. Bitcoin has now taken a correction from its peak, also altcoins are following. Whether you hold on to the coin after price dumping is your decision if you have invested in the right coin. Although Ethereum and BNB Coin have dropped in value, I hope they will show their peak performance in the upcoming bull season.

Like you said that you've multiple of AltCoins being invested and had made appreciative out of them, I don't know the value of your profits right now either did I know the projects of AltCoins you invested on but all I can say is that the market is getting on setbacks probably investors is not being encouraged to buy and invest more on Bitcoin since the market cap for bitcoin is not going so interesting for Investors at the moment.

So if you feel your asset holding do still have you the value to count profits of it then sell off because probably the market would go lower than. Expected.
Imagine bitcoin in just last week that hitted over $72,000 is hovering within &60,000 - $61,000 today.
That's to say more setbacks awaits the market but it you know you're holding the potential and reputable AltCoins that may not be advisable to hold for a long time such as the MemeCoins then you can keep up holding while the market rises again but be aware that it's all about time.
Ask yourself what your what is the ability of your emotions to withstand the situations when it goes against your wills?

Well its up to your judgement actually. I believe this is an expected retracement prior to bitcoin halving whereas observed as well during last time. After that the real bull season happened and some alts are pumped like sky rockets. But Im not sure if history will repeat itself but as an altcoin trader I think is inevitable and bound to happen anyway. Probably with the new narrative tokens.

Not every altcoins that have dropped in price should be worthy of buying as they mightn't have the ability to rise again. Many memecoin that have fallen with the price corrections won't rise again as investors will be looking for newly memecoin to buy and not buying old ones this is the reason we're suppose to avoid chasing after memecoin hype. Some altcoins will rise back as they have good fundamentals and investors will want to get them cheap as they're, right now.

Altcoins are always going to dip when Bitcoin dips as Bitcoin is the controller of the market and investors will be looking for profits after the market has pumped very high as it did last week. When you see profits in an altcoin that you bought, it's always good to take profits and keep them in stablecoin as the market can always dump anytime and you might not be aware of the dump ad altcoins will always dump.

The market experiences volatility, which is the fluctuation of prices upwards and downwards. While some profit, others incur losses. If you're skilled at reading and analyzing trading candles, you can sell your altcoins and buy back at lower prices. However, if you're not adept at trading and rely solely on your intuition, it's better to hold onto them until the 2025 bull run.

Because Bitcoin experienced a fairly deep decline, altcoins also corrected. but in my opinion that is a good thing, because you can buy altcoins at cheap prices. because when the halving occurs, the price of bitcoin will rise as will altcoins. that's the right time to take profit in the short term.

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.

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.

In the long term, such volatility stimulates many people to pay attention to crypto, and importantly, the main volatility is still from bitcoin. Before investing in any altcoin, investors should thoroughly research the project technology, development team and application potential.

That's actually what I've been thinking. With halving around the corner, perhaps whatever correction we will have in late March to mid April will be short lived. Afterward, there is going to be a rise and time to sale alt-coins, and buy back when it pulls back more heavily afterward for another short-term slum.

I think I used a wrong terminology here which has created some confusion for some of the readers. By dumping I meant whales selling to the willing buyers, a.k.a. institutional/trad investors, when demand was high in the first quarter of 2024. The inflow of these new investors has slowed, leading to the current correction. Whales are holding to whatever left of their Bitcoins which is still a massive amount in relative terms, but they did sell enough to ETF funds to get the party started.

And as the fairy tale goes... I didn't sell much. Only a few slow earners that hadn't done well since early 2023 relative to other coins. I was happy to get rid of them for 30% profit. My tax-free account is also relatively smaller to my long-term investment which will be dumped once we get closer to the end of this cycle (and I say that as if I have a magic 8 ball in my hand).

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.

The investment in question is in a tax-free account which I can buy and sell repeatedly, therefore, I can take advantage of volatility of the market. The downside with these accounts are that the selection is limited and fees are higher than Defi or CEX (network+exchange). My long term investment is not going to be touched till we reached the euphoria stage.

Yes, but I am not trying to accumulate moving forward unless it's part of my Roth IRA account since I believe this cycle's highs will occur before April 2025, and I don't want to get clobbered by short-term capital gain rates. Whatever I've already bought in my taxable account in 2022/2023 will stay with me till I sell it for 20% tax rate. I just wanted to play with my tax-free account while we go through these emotions. Bull market 1 - 0 Me so far.

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. 

What I meant by dumping is that the Bitcoin whales were selling in mass to institutional investors because the demand had been strong.

As of yesterday bitcoin price was declined to $62,000 even most of the altcoins like Dodgecoin, ethereum,bnb, matic,and some others was declined also,even till now bitcoin has not recovered from it current value.i think this is the right time to invest on bitcoin now that bitcoin has decreased to this value,what did you think guys?

I wonder if OP actually sold his portfolio four days after posting this and is starting to buyback now. Good job if he could time it properly but that's easier said than done. Other people may just let this pullback run its course and still DCA to take advantage of the "blood on the streets" if they still have the funds.

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.

     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.

You have already done good research on the market and what you are expecting is to happen. I can see it has already started and it will continue till the halving is completed. The demand is only for Bitcoin and not altcoins as you said only those who have their bags full or those who are accumulating are trading in altcoins. There is less demand for altcoins it will be over if the spot ETF of Ethereum gets approved. Most of us doubt that it will get approved the first time, it will take some time and then we will see a rally in altcoins with the expectation that other altcoin ETFs might come into existence. Currently, the market is going through a correction but I do not think it will go down as you are expecting.

The thing you have to remember with altcoins is that most of the time, when they dump they won’t go back up anymore. Maybe they will but they surely will not reach their ath or let alone surpass it. Maybe some will so it depends on which altcoin you are holding.

But I think your plan is good. It’s better to take as much profit as you can when you can. I don’t know about long-term investment though as like I said altcoins are very volatile and more often than not only reaches ath once and never again. But if you truly think this is a coin worthy of long-term investment then do what you feel is right.

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.

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.

While no one will serve as a financial adviser to you here, I guess my comment above answers your question.

During a pull back or market reversal or retracement, Altcoins most especially the shitcoins like memecoins or very low market cap coins becomes a thing of worry because their dumping might be the final fall for most of them or even if they should peak again some wouldn’t go back to where they were pumped back to. So the best way to trade Altcoins is certainly in a short terms. So if for example you have conviction about a certain like maybe the utility and use potential looks promising then the best thing is to take out your capital and then probably take out some partial of the profit and then at a later stage you will DCA this profit back into the market when the it falls more and should it raise again you might be having a large position size going back in.

Note that this partial removal is subjected to the the amount of pump the coin must have gone up before on. If it did at least a 6x then the above strategy might work fine but if it is less then just take out your capital only probably use little from it to later DCA back.

Never make a mistake of not taking profits of a pumping altcoin. The least regret will be taking profit early and not losing

Altcoins are not to be kept for a very long time, amd you should be careful with your dealings with these altcoins that you are holding, and don't invest more in altcoins.

The ball is in your court, and only you know how you have planned to be with these altcoins. If I were in your shoes, I will sell them of, because they are for short term, and like you said that you have made multiple profit. Don't you think it is time for you to take profit, because currently the correction in bitcoin price is ongoing, which is what controls the price movement of some of these altcoins. Sell them and invest in bitcoin, as there is a bright future ahead for bitcoin.

My only opinion, don't later regret and come crying that I told you what to do. Like I said, only you have the right to decide for yourself, because you will be responsible for your your own actions.

A 30%+ retracement is very possible given that the market has been undergoing a strong uptrend movement over the past few days or weeks. It's only normal for it to correct before the next upward move, so it's all up to you to just sell the top and buy the dips or just keep the coins there and ride with whatever wave comes by until you are contented with taking profits.

My only advice is, know when to take profit and when to enter the market. It is not as easy as it looks.

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.