Is it right time to Buy Alt coins now? - page 12.

JackieAinsley

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Quote from: Sayeds56 on December 16, 2020, 11:40:44 AM

The BTC has made history today and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Yes, buying altcoins now is fine but keep in mind that bitcoin has better chances to boom first and rest of the altcoins will come second but having said that accumulating quality alts is not a bad idea because they are also going to moon sooner or later.

A lot of depends from altcoin. How useful it will be for society, what problems it will help to solve.
For example now ecological programs appear that help to solve ecological problems. Here is some information https://moss.earth/blog
The air and lands pollution becomes bigger with every year. And there is a big demand in ecological protection.

Dr.Osh

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Quote from: ?? on ??

My guess is that altcoins may take a long time to recover, as many good altcoins have died in the past few years and leaving investors unable to take risks. I have seen in the past that the price of many altcoins has increased with the increase in the price of bitcoin. However, this time the opposite reaction is happening because the price of bitcoin has remained quite stable but the price of altcoins has not changed.

if you are afraid to choose an altcoin because there is no development, then I suggest choosing a popular altcoin. well, I don't know if it's the right time or not. currently, altcoin season doesn't seem like it's entirely the case. Currently, bitcoin price is really dominating and rising leaving altcoins. however, I believe that altcoins will catch up with this rise, and most of them are popular altcoins.

Sithara007

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Quote from: ?? on ??

My guess is that altcoins may take a long time to recover, as many good altcoins have died in the past few years and leaving investors unable to take risks. I have seen in the past that the price of many altcoins has increased with the increase in the price of bitcoin. However, this time the opposite reaction is happening because the price of bitcoin has remained quite stable but the price of altcoins has not changed.

There are multiple contradictions in your post. If an altcoin is "good", then there is no chance of it dying. Most of the time, a cryptocurrency dies out because there is no demand in the market as it can't compete with the other coins. If a particular cryptocurrency is suitable for one or more unique sectors, then it will remain in use, no matter how much competition is there.

And secondly, it is wrong to say that the altcoin prices have not changed. You can check the charts yourself. Perhaps it is true that they haven't moved as much as that of Bitcoin. But most of the alts have witnessed a 50% to 100% increase during the last two months.

Sayeds56

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Quote from: gaston castano on December 20, 2020, 02:47:04 PM

it's possible if you feel confident and the market is in good enough shape to pump at the moment.
However, because some new coins experience it is safer if you always target results after you buy, because mass dumps can occur after a massive increase.

well said. Mass dump is possible after huge increase in price of any coin including BTC. This risk is always associated with investments in crypto currencies. Diversification is the best insurance against Market Volatility. Spread your investment in Top 10 coins and sell them when Alt market becomes bullish. Most likely, the Bull run in alts will start when BTC Dominance will come down to 60%.

cryptolord2077

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Quote from: Btra on December 19, 2020, 02:22:46 PM

As the BTC has made history by surpassing the previous high of $20,000 and making the new high now day by day so the altcoin market is now reacting a little bit of upward move. Byut irt is the time to decite which altcoins have to invest or which is not. So, invest only in the top 100 to top 200 coins.

It all depends on how altcoins behave if bitcoin starts to fall. Everyone expects that during this fall, funds will flow from bitcoin to altcoins, which will give them fuel for growth, but what if this does not happen?
A possibly competent strategy will be to wait for the development of the bitcoin movement to understand how the rest of the coins will behave.

gaston castano

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it's possible if you feel confident and the market is in good enough shape to pump at the moment.
However, because some new coins experience it is safer if you always target results after you buy, because mass dumps can occur after a massive increase.

JTripathy

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I think it's not the correct time to buy Alt because as we everyone saw that the BTC price pumped and created it's new ATH. According to me investors are focusing on BTC right now and ALT season not started yet according to my knowledge. It will be good if we wait for the proper time so that we can invest in ALT because ETH 2.0 will come to the market soon and also there will a great impact i price.

speedforce

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Quote from: Lorokan on December 20, 2020, 01:37:39 AM

Quote from: Sayeds56 on December 16, 2020, 11:40:44 AM

The BTC has made history today and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Making a decision to invest in altcoins or crypto currency should not be dependent on bitcoin having a bull run or price rise. If it is dependent on that then literally it means that you are buying / investing under pressure (FOMO). You can invest in crypto currency any time of the day; but atleast understand what crypto currency investment means itself.

I dont think the term "invest" is related to the question since i think he refer "buy" to short-term decision. I dont suggest to buy altcoin right now, wait until BTC Dominance decreased or just buy small portions of altcoin gradually.

proTECH77

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Many traders are preparing to to feel positive change from altcoin in the market, since bitcoin is nearly to dump for other cryptocurrencies to take over in the market. Many bitcoin investors feel the positive impact from the coins they have been holding over some years for the market to reach $23k before they can supply to market to make a profit.
This is the right time to buy altcoin, since the price is still low compare to bitcoin price that is still increasing, that is making some investors not to buy because of the high price of bitcoin in the market. Many traders are in the market purchasing altcoin in the market base on the information they got from the professional trader, that altcoin will soon take over from bitcoin.

heztida3

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There is no confirmation for the ascent of altcoins. In the event that I recall it effectively, some altcoins like Ethereum just hit ATH a month after Bitcoin began to crash. It is smarter to zero in on Bitcoin meanwhile as its cost is as yet on a spike, at that point contribute with altcoins when Bitcoin begins to go down once more. Yet, that would be only my genuine belief on this.

zaim7413

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Quote from: DU18 on December 19, 2020, 02:31:21 PM

throughout this year the price of bitcoin continues to move up and has even managed to break through the highest price of all time, now bitcoin has reached a price of $ 23,7600 and it looks like it will continue to increase, as the price of bitcoin increases, altcoins also continue to get a strong price boost in the market and in my opinion now This is the perfect time to buy several types of altcoins because it is likely that the price of altcoins will continue to move up like bitcoin.

As it looks, it is very good for now in terms of buying, but try not to put capital in just one token or one coin, but buy some coins or tokens that often follow the Bitcoin bull run trend, so that our profits can also be multiplied when some tokens experience a good price increase.

Lorokan

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Quote from: Sayeds56 on December 16, 2020, 11:40:44 AM

The BTC has made history today and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Making a decision to invest in altcoins or crypto currency should not be dependent on bitcoin having a bull run or price rise. If it is dependent on that then literally it means that you are buying / investing under pressure (FOMO). You can invest in crypto currency any time of the day; but atleast understand what crypto currency investment means itself.

Sithara007

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The Bitcoin market dominance is now measured at 65.6%. Before the current rally, this level was around 57%. And that means that the altcoins have not gone up as much as Bitcoin has done during the past 2-3 months. Ethereum has gone below the crucial BTC0.03 level, while Ripple has also below the 2,500 Sat level. Other major altcoins are not doing good either, especially Litecoin and BCH.

maldini

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It would be more astute to center to Bitcoin for the interim as its cost is as yet on spike, at that point contribute with altcoins when Bitcoin begins to go down once more. Different coins linger a long ways behind in its coherence. Despite the fact that the cost of alt-coins has ascended against the dollar, Bitcoin has not. From this source it tends to be said that the times of alt-coins are later on.

rodskee

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Quote from: Sayeds56 on December 16, 2020, 11:40:44 AM

The BTC has made history today and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Daily the ATH is being recorded ,last night we experience another ATH because after struggling at 23,000$ we finally break $24,000 and now seeking for the 25,000 barricade to take the 30k sooner.
Buying altcoin is indeed advisable but make sure that you Knew this next year will not be like 2018 and the correction may only happen a little changes but the increase might continues till next year.
So be aware and be ready ,never invest if you are not 100% sure.

Sayeds56

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Quote from: cutesgirl on December 16, 2020, 11:58:12 AM

Many of the traders are focusing more on Bitcoin right now I'm still not quite sure if its worth investing to altcoins right now I don't see any signs that the altcoins will follow the Bitcoins price and hype.

You are absolutely right that the main focus of Traders/Investors is on BTC now but once BTC goes sideways for few days and BTC dominance Index which is more than 65% now, comes down to 60% or even less then we will witness a Huge Rally in Good Alt coins. History of 2017 will be repeated again.

DU18

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throughout this year the price of bitcoin continues to move up and has even managed to break through the highest price of all time, now bitcoin has reached a price of $ 23,7600 and it looks like it will continue to increase, as the price of bitcoin increases, altcoins also continue to get a strong price boost in the market and in my opinion now This is the perfect time to buy several types of altcoins because it is likely that the price of altcoins will continue to move up like bitcoin.

Btra

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MYID

As the BTC has made history by surpassing the previous high of $20,000 and making the new high now day by day so the altcoin market is now reacting a little bit of upward move. Byut irt is the time to decite which altcoins have to invest or which is not. So, invest only in the top 100 to top 200 coins.

gamer4156

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I might want to hang tight for its plunge condition perhaps my choice turns out badly however I would in any case pick the reasonable chance to purchase alts as indicated by my own exploration. It would be more smarter to center to Bitcoin for the interim as its cost is as yet on spike, at that point contribute with altcoins when Bitcoin begins to go down once more.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: asriloni on December 18, 2020, 11:24:06 PM

Quote from: Saniati on December 18, 2020, 01:59:32 PM

Now can't say anything.Wait for stable BTC price. Then you can buy altcoins now market is unpredictable. Not safe time for buying just wait.

You won't know when the bitcoin price will be stable. Just buy the legit coins and you didn't even need waiting for the bitcoin to be stable. Do you see the graph token? It was doing massive pump even when bitcoin is still in the bullish trend. There's a member here has written about his experience that doubled his portfolios in less than a day.
It's not about the bitcoin price but how smart you are choosing the right coin to be used as your portfolios.

Very True. I totally agree with your expert opinion that you never know when BTC price will stabilize so it is better to take entry in Legit coins but you should be smart in cherry picking. Choose the alts which have potential to grow many folds but we need to do research and find those under priced coins. It reminds me Famous quote of "Warren Buffet"

The Market Can Price Things Wrong. In other words, don’t focus on short-term swings in price, focus on the underlying value of your investment.

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