Is Alts Market already bottomed out? - page 2.

illnino

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

There is no connection here. Bitcoin ups and downs are simply seen better as the cryptocurrency (one BTC) is very expensive. I guess, when all this fuss around the USA election comes down, alts (the best ones) will be more positive.

Wapfika

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Quote from: luckyflop on November 08, 2020, 04:53:06 AM

No One knows that there always could be deeper and also higher , if you are long enough in crypto and have seen 2017, everyone would think altcoins would go higher and there was a bubble that burst in 2018 and 2019, they thought there is no deeper but there was ,always was, some altcoins dead officially and people lost money due to holding shitcoins because they thought they would go up but for most of them never happened, the same thing happened to me too when I held a bag of shitcoins and most of them are dead, but only the best ones could survive , So take out the profit when you can and cut the greed.

When it comes to altcoins, we must be very actively trading them or look into them as they can do exit in the market when they wanted. There are already known projects before that we all thought are good ones but just left their investors hanging. Alts were good for trading, others were able to earn by trading them often that holding them. My fault before is I choose to hold them thinking that just like bitcoin they can arise in price when crypto adoption happens but it's only applicable in some other alt coins, others were just meant to be Delisted and gone.

redsun114

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Most of them are doing decent weekly, we had a big crash before, then it recovered and increased so much and even though we went down again now we are still up in many of them for weekly returns. That is all you should be looking at, altcoins have made on average 4-5% return in just one week, that is only one week.

Millions of people out there still trying to make this kind of money for yearly returns, banks do not give you 5% returns for a year, you may focus on being a better trader to get 5% returns in stock market, but in reality, there is nothing that makes you 5% profit this quickly. This is why I think it is vitally important that we focus on altcoins not when they are bottomed out, but when they are hyped as well, try to pick real good ones and be very very long on them.

kingzpro

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

Most of the altcoins have bottomed out for sure and now they are trying to find a new direction which is obviously upwards but if the bitcoin starts going really parabolic we may see a stress and stagnant phase for altcoins till btc settles or find new peak so stay alert with the market if you are trading alts.

Silberman

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

The market cap of bitcoin is currently sitting at 63% and while this could be the end of the bad season for the altcoin market I do not think it is, lets think this carefully, bitcoin is above 15k on November, do not you think that a great deal of traders and investors are putting all their attention on bitcoin and seeing if it can surpass its previous ATH? The moment bitcoin surpasses 17k we are going to see many people selling their altcoin holdings and investing everything in bitcoin thinking that a new ATH is imminent, and when that happens the altcoin market will collapse.

Febo

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

Is Alts Market already bottomed out?

Yes, it happened last December. Prices were low also this year in March, because of covid-19 lockout fear. Prices went mainly up this year. There were corrections last few weeks.

jacafbiz

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I have said we are going to bottom this month and anyone interested in Crypto as an investment should buy now, you might not be able to get these coins at cheaper price than this again, remember the next Stimulus check is coming and part of these money is going to enter into the space, the only reason we might see another dip is if we have the crazy dump we saw in March about another hack or something but the likelihood is very small

mindrust

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Quote from: amishmanish on November 08, 2020, 02:01:43 AM

LOL. Tell us which one of YOUR alts died. I mean we all should be a bit candid sometimes and talk about our own shitty or crazy experiences with Alts. Nobody ever talks about them. I ask this because this particular post of yours seem to come from a place of having been through the roller-coaster of hoping that maybe ONE of your alts will moon like you thought..

I still hold the Bitsend and Bitcore that I got from their airdrops.

The BSD I still own used to be worth something like $2k at some point when BSD was ~$2 a piece and the same amount of BSD is now only worth $3.

Yes 3 fiddy.

No K's at the end.

I waited for them to moon again in the next altcoin craze which never happened.

They just died.

I got a few others too and they do surprisingly good but ofc not as good as btc. mf went full moon lately.

Tomiwa_akin

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for now we can say its bottomed out and those that bought at dips back are in profit now. there will be still be some stages of dip but might not be like the ones we have seen. after the supposed bull market momentum, we shall be entering into another set of dip. this is just my prediction but seems thats how it happens.

Sterbens

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the more btc prices soar, the more altcoin prices drop. The risk of trading in altcoins is like that, less promising, the position depends on how popular it is at the time. not only Link and Xtz, there are still plenty of altcoins left behind watching bitcoin soar to high prices.
but there is always a good chance, maybe someday altcoins will also soar in price though don't expect a large price benchmark. just take advantage of the altcoin position if the feeling has gone up not too long. there is an opportunity to make the most of it.

covfefe_

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It was but the prices have slowly and steadily increased over 2019 and 2020. And to add on that, we recently had a price hike on most of the coins. Tough I'm not claiming it's a high point or there would not be larger bull but anyone not buying on 2019 and early 2020 have already missed a large profit. It's time the think and plan as the price could move any directions.

krisnajsadrak

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

yes, a lot of altcoins now getting out from the bear, wich indicating if the bull already come back
if this positive trend on crypto world continues, for sure next year a lot of altcoins will create new ATH

lkjhg

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Quote from: ?? on ??

Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

I think altcoins are not and are not ready, but the time will come to follow bitcoin, right on your word, to buy as soon as possible and save it will benefit when altcoins follow to move up.

indeed now it's not ready to go up, but some have gone up like AAVE,
AAVE performance so far has followed Bitcoin's rise, of course this is a good signal to altcoins,
that there is still a chance for altcoins to go up.

Sayeds56

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Quote from: thenextking on November 07, 2020, 07:59:51 PM

Yes, it seem the alts are catching up with the Bitcoin pump now

The major difference between the current Rally and rally of 2017 is that now only good projects with inherent value will out perform. The coins which produce good cash flow for investors. In 2017 every project raised huge fund with only white paper.

ningrum

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Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

don't buy altcoins just yet, look at the domination is still 64%, this is very high for altcoins,
and altcoins have a big impact on this dominance, if you can read the chart,
you have to analyze the dominance of bitcoin first before buying altcoins.

luckyflop

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No One knows that there always could be deeper and also higher , if you are long enough in crypto and have seen 2017, everyone would think altcoins would go higher and there was a bubble that burst in 2018 and 2019, they thought there is no deeper but there was ,always was, some altcoins dead officially and people lost money due to holding shitcoins because they thought they would go up but for most of them never happened, the same thing happened to me too when I held a bag of shitcoins and most of them are dead, but only the best ones could survive , So take out the profit when you can and cut the greed.

Dragonfund

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Quote from: Reid on November 08, 2020, 01:21:23 AM

Back to the supported altcoins.
That's all I can think of when BTC price is starting to be dumped again.
$500 down in just hours and I think some traders may have enough to take profits by now.

Although, to pinpoint the right altcoin into where they will go back is a difficult task.
Then, who knows if this is just another fluctuation and BTC might still grow in a week making the alts cheaper. Wink

. Some Btc mined since years ago has been on the move yesterday, this made BTC to dump below $14.4k. This affects altcoins even the ones that hasn't really made any move when Bitcoin and ethereum made a significant move to the upside. I'm expecting more sales from old wallet
I can't hold alts with Btc at this points, it can affect altcoins either way except if altcoins dominance will increases, with that, we may have a new mini altcoin season.

Sayeds56

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Quote from: TravelMug on November 07, 2020, 08:23:44 PM

Quote from: Sayeds56 on November 07, 2020, 01:47:43 PM

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

LINK has been pumping ever since and it's only last month if I'm not mistaken that it took a dive, but wasn't able to recover, and then BTC goes on a massive pump, pulling some of the altcoins price as well.

Traders are smart this days, they're not just going to invest and hope for a huge profit is they see that the project is shit anyways. It's safe to say that maybe DOT or any others that in the bottom half of the top ten coins could be worth, but still no guarantee to book huge profits unless you are part of a pump and dump schemes.

The best strategy is to trade altcoins when they are make double triple bottom and book profit when they go 20-25 up from your buying price and never fall in love with any coin including BTC.

SyndicateLabs

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Quote from: Sayeds56 on November 08, 2020, 04:12:15 AM

Quote from: benthach on November 07, 2020, 08:05:38 PM

it depends which altcoins we're talking about, the scam ones will never see bottom, it will see nothing and your investment go to zero. that's the bottom.

You are absolutely tight. The scam coins will never see the light of the day and people who invested in them will never recover their losses. I am talking about the good alt coins which will certainly go 10 t0 100X

Ongoing signs proves us that a new uptrend is starting and it will actually be very impressive around 2021, in 2020 see the defi trend we have seen many projects. It grew terribly fast, and by far the hype about defi was no longer common. The Defi projects are running out of money and I see everyone looking at BTC right now, maybe it's not time to get started with altcoins but soon we will see altcoins increase BTC.

trauchot

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Altcoins are also growing in price now and many altcoins have grown in several times during this period of time when the price of bitcoin was growing incredibly, so altcoins will still show themselves and most likely by the end of this year altcoins will grow even more, so take a closer look at those altcoins in which you wanted to invest while there is still a chance before another pump.

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