Is it right time to Buy Alt coins now? - page 14.

coin_1122

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Quote from: cilgindansci on December 18, 2020, 07:07:04 AM

BTC dominance may increase slightly during this period. People hear the name Bitcoin more than cryptocurrencies. When Bitcoin comes to a solid place, other altcoins will be preferred too.

In cryptocurrency everything we have to wait patiently, now Bitcoin is in the dominance mode, so most of the altcoin will lose its value. So people who have faith towards altcoin can buy now because when the price of Bitcoin increase/decrease, slightly altcoin prices will decrease.

traderethereum

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Quote from: zeingrind777 on December 18, 2020, 06:54:23 AM

Although not completely sure, I think the top altcoins will also increase their price in 2021, so it doesn't hurt to invest in the top altcoins for today, and wait until next year. But you have to remember that investing all your money into altcoins is not recommended. If you believe the altcoins will increase in price in the next year, then just invest some of your money in the top altcoins.

As long as he can invest in the top 10-20 coin lists, he will see the coins list increase at the right time.
But do not expect that altcoin he bought will increase in the short term, although that is possible to see the altcoin will rise soon.
Maybe the trend of bitcoin rising still continues, and the altcoin needs to wait for more, but it will happen soon.
He should invest in bitcoin in a large portion as a bitcoin price can increase again anytime.

cilgindansci

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BTC dominance may increase slightly during this period. People hear the name Bitcoin more than cryptocurrencies. When Bitcoin comes to a solid place, other altcoins will be preferred too.

zeingrind777

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Although not completely sure, I think the top altcoins will also increase their price in 2021, so it doesn't hurt to invest in the top altcoins for today, and wait until next year. But you have to remember that investing all your money into altcoins is not recommended. If you believe the altcoins will increase in price in the next year, then just invest some of your money in the top altcoins.

kasakola

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I may not know the exact time of buying and selling coins but a lot of things are changing in this market. Jemon btc has now raised 23000 so say this time you will not sit quietly but you will buy coins but you will see the future of those coins. However, now you see that btc has pumped but all the other coins are now in the previous place. So I don't think J is the right time for buying and selling now because now everyone is busy with btc. Thanks

iTradeChips

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Well, what many are discussing about here is really a risk analysis of some sort, whether aside from Bitcoin, is it also a good time to invest in other altcoins. Not all coins are winners and not all coins are also losers right now. Those next to Bitcoin in popularity will experience some sort of upward trend maybe because of the FOMO thing that many does when Bitcoin in on the winning side. All you can do at the moment is stick to the same coins you have been investing for the past years and see if they behave the same way that Bitcoin does then that is a very good wait you did and you can opt to sell.

Sayeds56

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Quote from: maximumcoin on December 17, 2020, 11:45:22 PM

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%.

I think this isn't perfect time to invest on ALtcoins yet, especially with low and medium capitalization Altcoins. With big Atcoins such as ETH, XRP, ADA,LTC...you can earn 20-30% profit but not be able to earn more at right now because the marketcap BTC dominance and the price of BTC are rising so strong, it shows that the money flow is focusing on BTC. Let's wait until the price of BTC goes sideway and the marketcap BTC dominance go down, this is really good time to invest to Altcoins

Very well said. I am in total agreement with you that it is not right time to take entry into Alts market. It is better to wait for BTC to go side ways and BTC Dominance Index comes down to 60% or even less then take entry in good Altcoins (Top 20 on coinmarketcap) and make huge profit.

Mpamaegbu

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

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%.

The history you talked about here happened a year after the Bitcoin halving of 2016. It's post halving. But here we are in the halving year in 2020. So, if we must go by your calculation it simply means this year isn't the right time to expect such altcoin rally. Wait for it in 2021. However, Dec is the right time to buy altcoins but you should wait for the impending correction that's coming. Also, you're correct about watching the Bitcoin dominance level. I look critically at that data always and I believe no altcoin rally will be possible as long as dominance of Bitcoin stays above 60%.

maximumcoin

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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%.

I think this isn't perfect time to invest on ALtcoins yet, especially with low and medium capitalization Altcoins. With big Atcoins such as ETH, XRP, ADA,LTC...you can earn 20-30% profit but not be able to earn more at right now because the marketcap BTC dominance and the price of BTC are rising so strong, it shows that the money flow is focusing on BTC. Let's wait until the price of BTC goes sideway and the marketcap BTC dominance go down, this is really good time to invest to Altcoins

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Quote from: CryptoLogo on December 17, 2020, 06:07:03 PM

My sources tell me that now a short flat of bitcoin is expected, they will knock out stops in both directions, and after that or in the process of this we will see the growth of alts.
I can not vouch for the veracity of the information, but I will follow exactly this plan.

This is a common behavior for bitcoin, when it knocks out stops first for those who are short, and then for those who are long. But in any case, when bitcoin has not exhausted its potential for its growth, it is premature to expect a profit from altcoins.

CryptoLogo

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My sources tell me that now a short flat of bitcoin is expected, they will knock out stops in both directions, and after that or in the process of this we will see the growth of alts.
I can not vouch for the veracity of the information, but I will follow exactly this plan.

Fatunad

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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%.

You can take that presumption and analysis which it isnt a bad call either but this one will depend on someones risk management where he would decide to make some
plunge into the altcoin field but to see that not all coins are in dips now.They might not be moving that much but they are still in gains but its up to you if you do
decide to buy them yet diversifying investment is always a good idea but somehow it will depend into your financial capabilities basing off on how many coins
you would really be buying on.So select the best ones that will fit out your criteria when it comes to long term aspects.

Wulan_maniez

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Indeed btc will dominate the altc, be it when btc goes up and btc down altc will follow it. Now btc has exceeded $20K,
from yesterday until today btc moves between $21 to $23 and now at $22xx. With this movement there are some
altcoins that pump and some that dump. It's up to you to speculate on which altcoin. But always beware because
the possibility of loss always lurks around us.

articlecity

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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 you can pick some top alts now but i personally think that now bitcoin will be the first to lead the moon mission so alt to btc pairs would remain under stress while if you are looking to gain in usdt then it is perfect to buy more alts.

trauchot

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I think that it is worth waiting for the correction of the entire cryptocurrency market and then after this correction it will be already possible to safely invest in various altcoins, and now altcoins are growing in price and if you will invest in altcoins now, then these altcoins will fall in price when there will be correction, so it's better to wait a bit for better moment.

bitcon

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Quote from: WalkerIVIV on December 17, 2020, 02:32:49 AM

Quote from: Jamesdila1 on December 16, 2020, 05:15:23 PM

With bitcoin crossing crossing 20k price mark and registering new ATH I think it's always a very good idea to invest in altcoins to trade but I do not recommend to hold them for a long period.

It's too late for now to buy altcoins or bitcoins. both are mooning right now. People will be dealing with the big risk that they are shorting the market and when the price goes down again and they will be trapped. It's better waiting for the correction rather than try to buy more and put youself into the big risk.
People must think for a twice about that dude.

In the near future, the most likely option is the growth of altcoins, according to the rules of the market cycle, an increase in capitalization (600 billion), and the growth of Ether, which opens the season of altcoins and has already updated the highs.
How to work with altcoins has already been mentioned more than once. I think that you need to wait for a rebound and watch the situation.

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Quote from: Dondeon on December 17, 2020, 02:50:13 PM

Based on the present state of the market, I will agree with OP that it is the right time to get into alts in preparation for the alts season to come, history has a way of repeating itself, we are hoping to see some amazing surge in prices of alts anytime soon, I will advise you to get into solid alts now.

Find the right alts to invest your money, chances that once Bitcoin stop pumping and find itself a good barrier alts will start to pump up, those many investors around who gained decent from this current rally will find diversion to place their earned money, make sure to follow quality alts who have real contributions to this industry.

Bag it up and wait till the market move itself and start to bring you good benefits.

Dondeon

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Based on the present state of the market, I will agree with OP that it is the right time to get into alts in preparation for the alts season to come, history has a way of repeating itself, we are hoping to see some amazing surge in prices of alts anytime soon, I will advise you to get into solid alts now.

isaac_clarke22

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

~

Alts might follow up sooner enough so if the alts, not shitcoins, are showing a bit of red right now you should probably buy that now. There's no perfect advice for this but it's up to you in the end if you can handle the losses from your invested money, but pretty much it is suggested to buy now on the lows right now.

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Quote from: chichidori on December 17, 2020, 08:25:39 AM

Its always a right time to buy if your going to invest into altcoin but before doing so and many have said this before research and spread your capital, bitcoin is going crazy but altcoin is still putting its shoes if by chance BTC ever reach 30K we might see some altcoin movement since the price is becoming expensive other investors with low capital will look for another way to earn from bull run.

Your are right sir i don't know the btc price high then altcoin goes to down and if btc price down then also altcoin price down but i agree with you sir that is the time to buy some best altcoin for further profit

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