Fall of BTC open the opportunity to buy alts

Frengki_cisco

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

I remember history in 2019, Bitcoin stood at $6000 level, Altcoins all dropped to their lowest level ETH was $200, others were even worse including BNB $20.

If BTC plunges to the level of $19k, who believes the opportunity to buy altcoins is very possible and the opportunity should not be wasted, Solana will also have the same, cheaper could be at the level of $19, it has happened in the past 52 weeks.

jrrsparkles

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Most of the altcoins will lose its value more than 80% from current price or its ATH, but from that Bitcoin has potential to recover while some alts may never recover from their drop because it happened in the past even most reputed altcoins vanished now so the trend keep changing in the altcoin sector so I won't take risk unless I see the clear indication of price is recovering.

doctor877

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On chart, this price is possible but it won't happen in a single phase. It will be in different forms. The main challenge is having the patience to wait for this to buy. The system to use is to buy at different levels as evident on chart.

andriarto

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if that happens, the market will be more crowded as it approaches the reversal area. At that time the buyers have started to get busy and will continue when the direction of the reversal is clear. to get a big profit, then we can choose altcoins to invest, because of course the price will also go down and we can buy it at a low price and when the bullish season occurs, then it's time to harvest our investment. but what to remember when we invest in altcoins must be potential altcoins or altcoins at the top

JohnBitCo

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Quote from: bounceback on April 12, 2022, 07:36:13 AM

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

The crypto market is already different from previous years, now the market has grown stronger as it has been widely adopted by the society so even though this year the market will enter a bear market it is very likely that the bitcoin price will not drop lower below $20k as you mentioned because during the beginning of the year to date the lowest price for bitcoin is $30k.

It won't be easy fo bitcoin to reach 20,000$. There is a lot of demand at 30K and i don't think bitcoin should go below this value. The fall of bitcoin causes altcoins to dump a lot and also if bitcoin does not recover quickly, altcoins can even go below thier tested support and many take months to recover. We have seen that many altcoins made thier all time high last year and they are 60-80% down right now.

Altcoin market is very volatile and even if altcoins are avaiable at low prices, one should always keep money management in place. Opening big position in altcoins can be risky at times.

indo1

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I agree with you, we all have to wait for a bear market because it is the best way to buy our favorite coin cheaply, but I haven't bought it yet, I think bitcoin will go up for a while, because some telegram channels about the analysis I follow bitcoin have not confirmed bearish (although this is an opportunity) but I think it's better to take a safer chance.
When bitcoin falls at the lowest support, this is a profit field for altcoin buyers, so prepare your assets to buy your favorite coin.

Pandu Geddon

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Quote from: Rengga Jati on April 12, 2022, 06:50:53 PM

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?...

Are you sure with this? the bear market of BTC is coming right now?
well, A prediction is a prediction, we can say about the bear phase, no need to worry.
but once BTC is falling down in the bear market, Why should collect more altcoin? I personally will add portofolio again in BTC. even I will also pick the altcoins but exactly only top altcoins.
let's face this kind of issues without panic, just let it be.

it does look weird when BTC goes down why should you let go of BTC and put in altcoins. On the contrary, the situation will be reversed, when BTC goes down, it could be that once it stabilizes adoption will start happening again. some of those who don't have stable coins will release their Altcoins to get cheap BTC.
when BTC experiences a decline, there will be a large proportion of altcoins that will follow the market trend formed by BTC. maybe there will be some altcoins that go up or even stabilize when there is a correction in the market.

sayaya17

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Quote from: Kasabus on April 12, 2022, 06:11:01 PM

Quote from: cabron on April 11, 2022, 09:02:10 AM

The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

Opportunities are great when you start to seize it at its bear season. So definitely, its the perfect time to accumulate more bitcoin than altcoins. Because if you focus on altcoins since they are more cheap, your future profits will be lesser too. But if you stick with bitcoin, you can maximize the opportunity through buying more and selling more for huge profits.

I agree however our main focus should still be to collect as much Bitcoin as possible when the market is down like it is now. Because after all Bitcoin is
the best asset for investment, even until now there has not been a single altcoins that can beat Bitcoin. But that doesn't mean we shouldn't invest
in altcoins at all, I mean that buying Bitcoin should always be a priority over altcoins. Especially if we have no knowledge of the crypto world and
are inexperienced, focusing on investing in Bitcoin is the best. But if we are experienced in the crypto world and have good analytical skills,
investment diversification must be done. Even so, the percentage of Bitcoin purchases must be higher than altcoins. Usually, my share of capital is 70%
to buy Bitcoin and 30% to buy altcoins, So far, the diversification of investments that I have made has provided optimal profits.

Rengga Jati

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?...

Are you sure with this? the bear market of BTC is coming right now?
well, A prediction is a prediction, we can say about the bear phase, no need to worry.
but once BTC is falling down in the bear market, Why should collect more altcoin? I personally will add portofolio again in BTC. even I will also pick the altcoins but exactly only top altcoins.
let's face this kind of issues without panic, just let it be.

Kasabus

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Quote from: cabron on April 11, 2022, 09:02:10 AM

The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

Opportunities are great when you start to seize it at its bear season. So definitely, its the perfect time to accumulate more bitcoin than altcoins. Because if you focus on altcoins since they are more cheap, your future profits will be lesser too. But if you stick with bitcoin, you can maximize the opportunity through buying more and selling more for huge profits.

Smitty Werben Man Jensen

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Quote from: glendall on April 12, 2022, 04:49:43 PM

very sad if bitcoin reaches the point of 19k$ again, in my mind if bitcoin reaches that point, then altcoins will be increasingly worthless and it will take 4 years to return, even then if bitcoin's journey is smooth, I hope bitcoin doesn't touch 19k$ stuck at 40k $ only so that existing altcoins still have value

I don't think Bitcoin is going to drop drastically until it reaches $19k and hopefully not,
the crypto market is not stable still up and down so sometimes we see the price of Bitcoin going up and sometimes going down again,
the altcoin market is the same because it depends on the Bitcoin price movement

Vaculin

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Winding down.

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

If bitcoin will fall its price deeply, then we can expect that altcoins will experience worst prices than bitcoin. But i don't see your point why you are seeing more opportunities to make profits in altcoins rather than to focus on bitcoin. If you aim for maximum profits, then always take advantage of buying bitcoin while its still very affordable. That way, if you can maximize buying bitcoin, then you have high chances to be more profitable when the prices have increased a lot and that you will sell them for huge returns.

glendall

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very sad if bitcoin reaches the point of 19k$ again, in my mind if bitcoin reaches that point, then altcoins will be increasingly worthless and it will take 4 years to return, even then if bitcoin's journey is smooth, I hope bitcoin doesn't touch 19k$ stuck at 40k $ only so that existing altcoins still have value

doomloop

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Quote from: ringgo96 on April 12, 2022, 04:53:46 AM

Looking at the current value of bitcoin then I am not sure that later the value will fall to $ 19,000, although this could happen but looking at the development of bitcoin today all feel difficult to return to the lowest value in the past, when the market is experiencing a decline we must have their own plans in investing especially in collecting potential altcoins for us to store in the long term, Actually investing today is also very suitable for some potential altcoins that are in decline.

I am pretty sure it won't be 19k neither. I do not believe it would even go under 30k for too long, it may crash to under 30k for a very brief moment but will bounce back from those levels for sure, people who are expecting it to go down are the people who either do not want crypto to do well, or people who do not have any and want to buy at a very low level so they could get rich.

Remember, bitcoin going from 19k to 100k would be only a mere x5, which is AWESOME in regular investment world but for crypto people see that as low, but ETH going from 150 bucks levels where it was, to 5k would be nearly 20x return and if you go even lower, there are x100 ones, so there are some who wants it low.

Faisal2202

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Well as far as i know when btc dominance decreases the alt price increases, and when the price will decrease the dominance decrease. it's game of fear greed, the adoption of btc has gone wild now, that it made some heavy support line which i think it will not break, alt depends on btc.

bounceback

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

The crypto market is already different from previous years, now the market has grown stronger as it has been widely adopted by the society so even though this year the market will enter a bear market it is very likely that the bitcoin price will not drop lower below $20k as you mentioned because during the beginning of the year to date the lowest price for bitcoin is $30k.

Ketesnuko

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In the long run, the crypto market looks bearish to me, it's been how many months alreday since BTC hit 67000$? And since that time we have been going down, all those little recoveries are jokes, after all, this is all predicted anyway, once BTC hit a new ATH the next thing is a slow massive correction.

$anounimus$

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For the month of April, I still believe that an increase could occur, it could be at the end of April because April is the best month for Bitcoin based on the historical table of BTC monthly returns. but a backup plan must also be prepared if the correction continues and if you see today BTC has reached the price of $ 40,115.00 and is better than yesterday's price. When it comes to buying altcoins, I think it's good while they're still discounted. I chose safe ones like ETH and BNB.

yayayo

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If you are sure that the price of BTC will drop then it is a smart move to hold your USDT or move to stable coin rather than risking it in altcoins. If the market would crash then I think it is a smart move too to invest half of your money to alts and half to Bitcoin but I don't think the price would go lower than $35k or $30k probably if some bad news about legal matter including banning of Bitcoin to most key countries?

ya.ya.yo!

Psynthax

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Just like this time. When bitcoin dumped so hard and there will always be a very big discounts for all of the crypto in the market. Those who sold during the peak price will hope if they will be seeing the price to go down so hard while those who buy at the top will have the different thought than those who sold at the peak price. It's hard to say whether bitcoin may possible to go down so hard but the question is what will be happening when bitcoin will break all of its support? this means if crypto will be going down so hard but i hope there will be a recovery that will happen with bitcoin as soon as possible.
Im also getting trapped at the top lol this is so annoying for me to see my asset goes down so hard

ringgo96

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Looking at the current value of bitcoin then I am not sure that later the value will fall to $ 19,000, although this could happen but looking at the development of bitcoin today all feel difficult to return to the lowest value in the past, when the market is experiencing a decline we must have their own plans in investing especially in collecting potential altcoins for us to store in the long term, Actually investing today is also very suitable for some potential altcoins that are in decline.

BlackBaron

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

You are wrongly speculating that altcoins need BTC market support to increase, the BTC market is very influential for all altcoins because when it drops sharply then all altcoins are not on the list of gainers on the binance exchange, all of them decline due to the influence of the BTC market.

Ezravdb

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Quote from: ANSEL_2.0 on April 12, 2022, 01:15:54 AM

After what happened in 2020 I've stopped believing that BTC can not reach a certain amount again, if something creates a big panic in this space BTC will be affected, whales and investors will be in a panic mood and they will get out while they still can, 19,000$ per BTC looks impossible but anything can happen.

In the end it all lies in each other's beliefs and beliefs for Bitcoin, because no one forces us to like Bitcoin or to buy it because of all the things that each individual has lived in the crypto space from the past until now, it is purely on one's own decision not based on whales or investors.

Farma

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

I suspect the price of the top altcoins when the bitcoin price drops to the $19k range will definitely be very cheap. I probably wouldn't think about buying Solana, Avalanche, or anything else, but I might focus on ethereum and BNB. instead altcoins like Solana, Avalanche and others are not great. however, the price of ethereum and BNB at that time will also decrease, and must be quite cheap. well, maybe i'll buy some coins from both. even for now, I only focus on those two altcoins.
well, for now, the price is indeed going down, but i don't expect bitcoin price to go down to $19k price, i even expect it to go up. however, right now the conditions are pretty good buying some altcoins if you have the capital.

JeffBrad12

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In my opinion if your prediction is out of sense. Why? When bitcoin will be going down back again to the 19k and so many companies will be loosing a lot of money. They will never do that again. That's right if the dump in bitcoin was creating so many panic sellers and weak hands god shaken but this doesn't mean it will be dropping like a rocket. I think that if you must also try to search for the whole chart of bitcoin and see how it will be going on last year.
I can't deny if bitcoin has ever experienced dropped a lot in 2020 and it can come again but think it with your sense

Kunnu

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I don't expect such kind of big dump in Bitcoin, there is less possibility because as we know there are some strong support levels of BTC like 35000$ and 30000$ which are probably difficult to break beside this the current market sentiment looks quite decent with some positive news so on these basis I don't think Bitcoin will take a huge down trend although this may be good time to buy some quality altcoins according to our risk management.

ANSEL_2.0

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After what happened in 2020 I've stopped believing that BTC can not reach a certain amount again, if something creates a big panic in this space BTC will be affected, whales and investors will be in a panic mood and they will get out while they still can, 19,000$ per BTC looks impossible but anything can happen.

Jasad

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Looks bullshit how come bitcoin available drop until to $19,000 and I think you look sense about how bitcoin predicting drop until this price, I know with bitcoin have dump right now but still not possible until drop to 19,000$ and keep lower price stuck on $38,000. I think not any crazy investor want to sell their bitcoin assets until $19,000 and prefer keep holding. Will give chance right now if bitcoin keep going dump because several potential altcoin like BNB have been on lower price.

poodle63

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Another opportunity to buy more tokens at cheap price is coming but expecting the price of bitcoin to reach 19k is almost impossible to happen. The whales will not also try to dump their assets for sure and this time it seems like we are going back to the accumulation phase. Bitcoin will need more time to recover again from the bottom. im sure that if people are starting to feel panic and they are selling their tokens at the cheap price. This is become another golden opportunity for anyone in here to increase their assets.
Some people are even doubling their assets and this is good for anyone who have ever sold at peak price

BuNga_cute

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

If we see Bitcoin suddenly dropping to a price below $40k, it seems to indicate Bitcoin is starting to enter a bearish trend. This should not
make us panic, because this is only temporary, because it proves Bitcoin can always recover every time there is a price decline. But the price of
Bitcoin goes down, it is certain that the majority of altcoins will also drop in price. And this opens an opportunity for us to be able to buy altcoins
at low prices. The problem is that not all altcoins are good for us to buy, even more shitcoins in circulation.

Therefore we have to do research and analysis to make sure the altcoins we buy really have good potential. If we have found good altcoins to buy,
we should not buy altcoins in bulk at once, we have to buy it gradually. Due to the possibility that the market will continue to decline in the near future,
so every time there is a decline we can buy it, this method based on my experience in the crypto world is quite effective for generating large profits
if the market recovers.

24Kt

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Quote from: btc_angela on April 11, 2022, 05:40:12 PM

Just for the record though, BTC is going down in the last week or so and now < $40k. But still far cry from the $19k that have been predicted in this thread, lol.

Anyhow, if BTC falls then alts follow so yeah, maybe it is the best time to buy during the downturn. But then again, in a bear market, we really don't know what will be the lowest price of any alts, so it's better to buy slowly because there could be better opportunity to buy them in the coming weeks.

I don't think we will go all the way down to $19k again. Maybe 30k but 19k? I don't think so. But for the sake of discussion, buying alts or btc depends on your financial capability, whether it is for short-term or long-term. So if in case you decided to buy now, it means, you need to sell it at a much higher price to how much you bought to get your profits. A simple rule in trading and yet, some still fail owed to reasons like selling at a loss because of urgent need of funds. So it depends on you, you can buy anytime you want but you should know your goals why you are holding specific alts.

btc_angela

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Just for the record though, BTC is going down in the last week or so and now < $40k. But still far cry from the $19k that have been predicted in this thread, lol.

Anyhow, if BTC falls then alts follow so yeah, maybe it is the best time to buy during the downturn. But then again, in a bear market, we really don't know what will be the lowest price of any alts, so it's better to buy slowly because there could be better opportunity to buy them in the coming weeks.

Eddyc

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Big opportunity if Bitcoin touches 19K support. However, when studying the graphics and analyzing the demand, it's something very difficult to happen, imagine the collapse and despair of the newest in the market, it can create a huge trauma and can generate negative marketing that can directly affect those who intend to enter this world. Whales and the mighty know this because the marketcap is over 1 Trillion Dollars(It's worth reflecting).

Imran232

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

<...........>

If I am not wrong, then everyone will agree with me that if you look at the overall market, then you will know that the whole crypto market depends on bitcoin price moves. If bitcoin prices go down, then altcoins will also try to go down. Because we saw the exact same things, if you think that bitcoin is going to be bear then it's not a good move to buy altcoin. It's time to convert to a stable coin because if your presiction becomes right then altcoin is also going to bear. Then you can buy altcoin at a cheaper price. That's it. Well, it's just my opinion, others could be different. Thank you.

Xal0lex

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If bitcoin falls to these values, then all the altcoins you listed will collapse after it. The whole market will collapse. If you think that when bitcoin falls that much, the altcoin market will be up and bullish, you are dead wrong. Altcoins will fall even further at this bitcoin price, and many new projects will die altogether.

The transfer of funds from bitcoin to altcoins has a short effect and not always. More often than not, bitcoin market pulls all altcoin markets to the abyss.

Slow death

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart?

bitcoin will not fall to $19000, until last year when we did not have much demand and the price dropped a lot, it did not fall below the strong support which is at $28000 and now the strong support is at $34000, summarizing the maximum that the price of bitcoin could drop would be $34000 and then it will recover so forget we will see $19000

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Of course this is a good opportunity to buy a lot of altcoins and accumulate for the long term, at least one needs to know that it will take a long time for the market to recover and that not all altcoins may be able to make profits of 3X or more

lo7zmavis

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Downtrend coming soon Sad

Raflesia

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I'm not sure the bitcoin price is that low, it's just a correction and we'll see in a few days if it can hit back? Because for me the bear market will not come quickly but bitcoin can still survive.
If you believe that bitcoin can crumble why are you sure to buy altcoins now, because basically if bitcoin is lower then altcoins will also follow it as we see in every big decline right?
Need to wait for the right time I think the decline is bound to happen when it's a little lower before you can buy some of the top altcoins.

Gayong88

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If look at history in April, bitcoin averaged -2%, to -6%, although it fell minus but not badly. If your prediction is that bitcoin drops to the $19,000 area, this is an early sign that alt coins will skyrocket again, but you have to be realistic and alert if you want to buy altcoins. This means that there is always an opportunity to invest in the world of this money market.

Mpamaegbu

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again

It's highly unlikely that will happen. I say this because we've seen a different type of investors since last year come in to buy Bitcoin. I'm talking of institutional investors as against what was on ground in the past years. It will be a miracle for Bitcoin to get down that low. In the even that happens I'm going to load up big time in the midst of panic and fright from newbie investors. I've stayed long in this game to know that every major Bitcoin crash is an opportunity to load up.

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

It looks like BTC will go Bear phase from now on

Well, I beg to differ on this. I only see a momentary price correction; if anything.

lobo13hf

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BTC down and whole of market will be facing the same thing. Bitcoin goes down to the 19 and whole of coins in the market will be dumped so hard and so opportunity to buy at the bottom is coming for sure but the question is whether it's possible to happen or not. Bitcoin can still stay above 40k but im not sure if this will be last long, the fact that so many whales are sending their bitcoin to the exchange site to be converted into the stable token and they will also able to buy at the dip to make good profit from the bearish market that will come very soon.
Bitcoin looks very bearish at this moment. I think that this can be seen through the chart easily.

pawanjain

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Damn, that's a huge cut you are asking. Right now BTC is around $41k and by going down until $19k its around -53.5% drop.
If the same happens to altcoins then there will be a huge blood bath in the crypto market and altcoins will bleed more.
They might go as low as 60% but the chances of that happening are very slim.
As per my analysis the price won't go below $40k and there's a huge support at $30k level as well.

Pterosaur

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Quote from: Altryist on April 11, 2022, 10:34:23 AM

Quote from: cabron on April 11, 2022, 09:02:10 AM

The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

There is no need to wait for a big drop in bitcoin, you can see that the main part of it is hold, on cold wallets. And since there are few bitcoins left in circulation, this makes it easier for speculators to manage the price, but these movements will be insignificant and bitcoin is bought out very quickly on drawdowns. In this case, buying altcoins is also profitable, because after these drawdowns, they return their positions very well.

It is impossible to exclude the possibility that now there may be an overflow from bitcoin to altcoins. I think already in April we will see the beginning of the alt season.

Its crazy to expect a new altcoin season this year after many altcoins have down 10x since 2021 to January 2020, I dont expect anymore than a severe bear market, something will come up that will hurt the crypto market as a whole.

Altryist

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Quote from: cabron on April 11, 2022, 09:02:10 AM

The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

There is no need to wait for a big drop in bitcoin, you can see that the main part of it is hold, on cold wallets. And since there are few bitcoins left in circulation, this makes it easier for speculators to manage the price, but these movements will be insignificant and bitcoin is bought out very quickly on drawdowns. In this case, buying altcoins is also profitable, because after these drawdowns, they return their positions very well.

It is impossible to exclude the possibility that now there may be an overflow from bitcoin to altcoins. I think already in April we will see the beginning of the alt season.

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

They'll also drop. Since you've named a lot of them then just expect that all of the market of altcoins are going to drop as well. But you should be used to it.
Whenever bitcoin drops.
We're going to see a recovery of it quickly and just wait until a day or two then the market is going to bounce back again just as usual.

GEMIN_M4

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Quote from: kurniawan05 on April 11, 2022, 09:57:17 AM

it is very difficult for bitcoin to fall to the price of $19000, considering that now bitcoin has begun to be used as an official payment instrument for a country (for example, Venezuela), but if that happens then we have entered a bear market, and maybe many of these altcoins are worth around 30% of the value now.

If that happens then we have entered a bear market? Listen to yourself, isn't the bear market suppose to be inevitable? Who would have thought that BTC can be 3500$ in March 2020 again? I guess no one was expecting that, never be too sure because crypto isn't a stable coin, it's highly volatile.

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it is very difficult for bitcoin to fall to the price of $19000, considering that now bitcoin has begun to be used as an official payment instrument for a country (for example, venezuela), but if that happens then we have entered a bear market, and maybe many of these altcoins are worth around 30% of the value now.

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Quote from: cabron on April 11, 2022, 09:02:10 AM

The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

come altcoin could show its strenght to bitcoin and even some of them could hit new all time high. bitcoin price give huge impact to altcoin price, but for strong fundamental project it should not be problem.if happen selling maybe it just take profit action.

Quote from: cabron on April 11, 2022, 09:02:10 AM

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

if they know how to exit market and now holding stable coin, their buying power will give good opportunity to buying at dip now. alot potential altcoin in dip now. we could buying with strict money management.

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost?

In my opinion that if altcoins will be going to the deep again, it can be said that altcoin will be dropping drastically for sure, you must also the 2018 chart and it was telling you a lot about that.

Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Im seeing at the bitcoin chart right now and it's probably going back down again tot he 30k sub, remember that bitmex ceo was also has been creating an awareness about this too. If you are holding stable tokens and you are fine but when others that have no stable tokens and this may become a problem for all of them caused by that if they will be loosing a lot of money.

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

IMO, I believe that same as bitcoin price, altcoins will also go down because most of the altcoin's price was tied up to Bitcoin price that's why when the Bitcoin price will go down altcoins will also experience the same, especially those top-ranking altcoins in the market and for me, there's nothing so special about it because it already happens many times before so it will probably happen again. Anyway, if we based on the market performance I can say that it will not happen today. because time has changed already so just wait and see.

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Quote from: MidNite36 on April 11, 2022, 08:13:16 AM

If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

the opportunity never came. 19000 is a very low price for bitcoin and it will not come true. because bitcoin's biggest support point is around 30000, so it means that if the bear market becomes a reality bitcoin will not fall below this support point. You could see it was early last year where bitcoin fell and many predicted that it could trigger a bear market. but in reality the market is very strong and bitcoin is back on the rise. but despite all that, what you said was true. bear market is an opportunity to buy crypto at low prices.

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The bear market of BTC means also bear for altcoins. You are not safe either to buy altcoins this time. But you may have to wait for months to finally see whether the bear market will be over. I'm not very sure actaully where the market will go from here, it could even go up again by mid this month.

The opportunity is from the traders who had sold thier BTC for stablecoin while the price of BTC goes up. If you are holding BTC still to buy altcoin then you have lost that opportunity already.

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I'm not trying to take a side here as both are correct about a possible price dump in a month or may never happen but I am pretty sure that altcoins have better returns than Bitcoin, it's better to take advantage of any dips and not expect a bigger dip that may never happen, today's crypto adoption rate can not be compared to past years.

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Personally i do not think Bitcoin can fall to as low as 19k, at least not at this time, and not in a long time, if ever again, after the adoption of Bitcoin by institutional investors, i doubt Bitcoin can experience the sort of sporadic plunge we saw in the past, of course i can't be certain, but from my analysis i believe so. I am not really an altcoin investor, so for me, now that the price of Bitcoin has depreciated a little bit, it is an opportunity to accumulate more, afterall it is a long term investment and since i am not concerned about its short term movements, i will buy more and hodl for the long term of which i would make profit.

Even if you buy altcoins now, how sure are you that they are going to be bullish for a sustained period of time, remember most of them are pump and dump coins, well, it all boils down to your own research which i enjoin you to do, my advice would just be that if you are a short term investor, then you can go for altcoins, but if you are a long term investor, accumulate more Bitcoin at a cheaper price and hodl.

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No matter what the price of those altcoins is when BTC drops to that price, when you have realized it is an opportunity for yourself, don't be too strict on the price. We always have a lot of opportunities to buy at a reasonable price. Just patiently wait for the data to stabilize and do not get caught up in the information. However, right now the price I would expect is not that deep. Perhaps $40000 is still the support, and let's go step by step until your thinking occurs.

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If BTC fall down to 19,000$ again how much do you think that those top altcoins will cost? Solana, Avalanche, Terra and others, lately are you looking at the BTC chart? It looks like BTC will go Bear phase from now on, isn't it better to buy altcoins then than right now?... I'm hoping this opportunity comes though what about you?

Topic: Fall of BTC open the opportunity to buy alts (Read 360 times)