Do you this the current correction was local bottom price for alts? - page 2.

Zaguru12

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Quote from: Mate2237 on March 21, 2024, 12:39:55 PM

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

This is because you were actually buying small amounts. Any one trying to invest in Ethereum based chain coins my advice is you’re buying the smaller amounts then you need to risk and leave it on the exchange, although the Ethereum network fee is always the highest due to congestion it sometimes reduces sometimes. But for someone buying like a $500 worth of the coins, the fees are f CT considerably to me.

Note that buying a coin with something like a Solana is different from that of Ethereum.

DeathAngel

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I know hindsight is a wonderful thing but looks like we are set to go down again & test short term lows once more. If Bitcoin doesn’t hold a test of 60000 then I think it could get ugly for altcoins. I’m really hoping for recovery over the weekend, at least the GBTC outflow might stop.

Husires

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Quote from: Mate2237 on March 21, 2024, 12:39:55 PM

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

Are you investing in Ethereum in small amounts? The transaction fees are about 20 Gewi, which is not exorbitant compared to the past, and an average of $20 is sufficient for most transactions. If you invest $1,000, you only pay 2% of the transaction value as fees.

If transaction fees are the problem, Solana network is a temporary solution. Invest in layer 2 tokens.

Mate2237

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Ethereum is still down and trying to recover itself and to buy Ethereum now is a problem because the transaction fee now is something else. I bought Ethereum from two different ways to accumulate some Ethereum so that I will also be an investor of an altcoin and will not hear from other people and the charges I paid was too big. And according to some investors there is an another means to buy it either in Solana network or another but Solana network too is congested so to invest in those first class altcoins now is a big problem if not this is the best time to invest.

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

Beparanf

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Quote from: The Cryptovator on March 20, 2024, 05:26:10 PM

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something?

Altcoins already grow a lot especially those blockchain and meme coins. A correction on Bitcoin will hit altcoins much worst correction so if Bitcoin possibly correct after halving means altcoin will suffer more and will print bottom price.

It’s really tempting to purchase now that the market is bullish but this is the common mistake why many people on different crypto cycle keep buying at the peak price and left out when the dip occur. There’s always a perfect entry which correction is greater than 30% decrease from the price peak. That’s my target before I start accumulating again alts.

electronicash

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i think this is the last chance for anyone who hasn't bought it yet. the market sometimes shows its mercy by being cruel to the weak hands. somebody sold lots of their SOL below 180USD. there are hundreds more of the altcoins that haven't gone up too well. we may never see the same price again even after this bull market. the adoption today is not the kind of adoption we have back in 2020.

Husires

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The rapid collapse in the price of Bitcoin confirms that there are no support or resistance levels between $73,000 and $62,000, which means that if something bad happens, the price will easily break the $58,000, panic and FUD may lead us to the $52,000 or even $48,000. but without a real variable occurring, I do not expect this to happen or that we will see levels below $48,000.

A decline below $60,000 necessarily means $48,000.
The average price of $48,000 is the lowest fair price at which you can buy Bitcoin in the current circumstances unless a new variable occurs.
At present, we can visit $58,000 easily.

Kelvinid

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Quote from: The Cryptovator on March 20, 2024, 05:26:10 PM

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something?

Uncertain -- in fact, most of us never think of a sudden drop happening in the past few days. This is why we can't assure and live with confidence that there is a continuous pump instead, anticipate a possible pullback. Despite the bullish condition of the market, we're still expecting possible dumps anytime and we keep experiencing this event. Of course, the faith in these known and old coins like ETH has not changed and the chances for another high run are possible rather than expecting another bottom.
Keep holding, that is the best thing we can do in this unpredictable trend. The new ATH hasn't yet reached, I guess we need to stay strong and ignore the dumps.

JeffBrad12

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following the chart thats been shared over and over by people out there indeed i've predicted as well that eventually the correction gonna get back up again and i've made some good accumulation of ethereum and yes its giving me quite the profit already.
people seem to forget that there will always be accumulation zone whenever there's gonna be last big rally and its exactly the time, thats why you see pullback not much influence towards the overallmprice of the cryptocurrency in general.
for altcoin I think its already reaching bottom as well I mean altcoin among the one that got affected the most therefore its kinda make sense to think that altcoin have reached bottom where bitcoin and ETH starting to gain some recovery.
regardless I always buy the dips and DCA its such good opportunity, we might never see current price again in the future since maybe the bottom floor gonna be higher than current price.
i have faith that bitcoin could reach $100k at some point or even more.

bitterguy28

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Hmm it seems that altcoins would be doing well in the near future at least after bitcoin halving even with bitcoin drawing back, a lot of projects are still doing well which actually i think is related to each other. I think a lot of investors are converting their bitcoin to other altcoins pumping the latter and decreasing the former anyway i think there are still a lot to see when it comes with altcoins so you are right with any correction make sure to accumulate as much as you can.

JeromeTash

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I think altcoins still have a long way to go up. ETH, BNB, SOL etc. have not yet even gone past their previous all-time highs. Another thing I am still considering is Bitcoin's new all-time high isn't so far away from the previous one, halving isn't yet here. I still think there is huge room from the bull market. The recent dump was probably just a normal market correction

The Cryptovator

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As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something?

Topic: Do you this the current correction was local bottom price for alts? - page 2. (Read 245 times)