Is it right time to Buy Alt coins now? - page 17.

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legendary

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Quote from: iamaruf on December 16, 2020, 06:25:31 PM

But bitcoin is safer and it can recover quickly but others altcoins can't. Now you can choose what you will do.

Altcoins that you mentioned cannot recover quickly are a type of altcoin that do not have a large market cap, capitalization is the key to the price a coin can recover or not,
That's why there are so many suggestions to buy coins that are ranked at least in the top 50 in market cap.

Distinctin

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Quote from: iamaruf on December 16, 2020, 06:25:31 PM

So you want to hold for long time? Or want to trade? I think in both case Bitcoin is the right choice. Because market is not stable now. If you buy others altcoins, On my strategy there is high risk to loose good amount. But bitcoin is safer and it can recover quickly but others altcoins can't. Now you can choose what you will do.

For now, bitcoin is the best choice for investment as it already reaches its all time high. Lucky are those who take risk in holding bitcoins for a long time because right now, they can already make huge profits from it if they plan to sell some of their bitcoin. But it would be a good decision too if you spend some of your funds for altcoins for future profits. I strongly believe that next to this bullish season of bitcoin, altcoins market will also be influenced and is expected to make a price surge soon.

iamaruf

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So you want to hold for long time? Or want to trade? I think in both case Bitcoin is the right choice. Because market is not stable now. If you buy others altcoins, On my strategy there is high risk to loose good amount. But bitcoin is safer and it can recover quickly but others altcoins can't. Now you can choose what you will do.

Yamifoud

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Why not if we think it is a right and good investment.
I also ask this in myself before, the fear and doubts could affect our decision especially when we are listening to rumors and negative thoughts around. I blame myself for why I'd do that instead of listening to my instinct.

But to ask if this is the right time to buy altcoins, don't get mad to hear that this is not the right time for this. What is in my mind is that buying/investing cryptos in the bear season is the right time, not during the bullish season in which the possible dump will happen and can cause our loss.

Zeehaxan

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Quote from: Sayeds56 on December 16, 2020, 10:40:44 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%.

Bitcoin is set for an insane run ahead after breaking 20k level with good momentum and volume so i think many alts will follow bitcoin in coming weeks so i would be buying more eth, trx, ada and waves whenever i can.

josgandosbro

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Quote from: cutesgirl on December 16, 2020, 10:58:12 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.

for now there is still no sign that altcoins will follow the bitcoin price because they are still making corrections but if bitcoin prices are more stable then in the next few days altcoins will also experience price increases.

Jamesdila1

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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.

cassavachips

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It's okay to buy the alt now if it's only for day trading, but if you buy the alt to welcome the alt season, I don't think it's time yet. Bitcoin is still very strong at the moment, we have to keep looking at the conditions in order to get into the right altcoin.

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Quote from: Sayeds56 on December 16, 2020, 10:40:44 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%.

At the end of the day each person needs to take that decision by themselves, bitcoin is showing great potential for continued growth and this could mean positive growth for altcoins, but at the same time you should be ready to get out of your altcoin positions the moment the market begins to go down, if bitcoin experiences an important drop, something like 10% or 20% you can be sure that altcoins are going to double that drop and make it anywhere from 20% to 40% and you do not want to lose that kind of capital in a single trade.

yohananaomi

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Yes, I also think that it is the right time to Buy good altcoins & we are about to enter the 2017 trend. So fill your bag with top altcoins now according to your budget.

what you are saying is the truth because bitcoin is always going up and usually altcoins will also participate. the problem is that the present value is high enough so please be patient first to be able to go down again and then make a purchase. although we believe that next year is the time when all altcoins will receive an increase.

If you have large funds, you can probably just speculate because you are sure that there will be an increase, but if you have small capital, maybe you can change the potential altcoins to potential ones. so that when it increases we will also get the results we want.

terrific

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Quote from: Sayeds56 on December 16, 2020, 10:40:44 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%.

2021 would be the greatest year after this historical reach of bitcoin.
ETH is still at $600 and with ETH2.0 there can be a higher price that it will be showing soon. You knew it.
When bitcoin pumps, the next would be the alts and Ethereum will be the same as it is although it's currently priced in $600 but unlikely the peak.

djgtr

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Quote from: Sayeds56 on December 16, 2020, 10:40:44 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%.

Good thing it's a glorious day for all who've purchased during btc's bearish days with enough quantity, they'll able to gain good right now. Hopefully that would also brought up altcoins popularity this time and soar hight in coming days. Let's start selecting thos potential coins that might generate the best profit as soon as possible.

Indymoney

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Yes, I also think that it is the right time to Buy good altcoins & we are about to enter the 2017 trend. So fill your bag with top altcoins now according to your budget.

Your point is good but doing any thing blindly is never been good idea because this can hurt you very badly just try to search and then buy few coins which have some good liquidity and can give you some good profit in near future because we have very long list of shitcoins those are hurting very badly to new investors also damaging this cryptoworld very badly in long run.

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Quote from: Sayeds56 on December 16, 2020, 11:57:25 AM

Quote from: cutesgirl on December 16, 2020, 10:58:12 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.

Well said. This is is crypto market and it always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts. Currently BTC dominance Index is at 65%, let it come down to 60% or even less, then take entry.

just wait until the Bitcoin price goes sideways and then enters, because if you enter now,
it looks like the weather is still not good, because the dominance also continues to rise.
it would be nice if you wait and be patient, accumulated at low prices.

JonWilliams

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If bitcoin stays the right side of 20k, I for one will be starting to load up on more alts. Thistime round however I will be looking for projects with good credentials and looking into the teams a bit more, I got stung last time (2017-2018) and would hate for it to happen again, I would reccomend to anyone do your own research.

Good luck

chanler

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You need to analyze the possibility of altcoin season after Bitcoin made a new ATH today. If it is likely to see the bullish trend in altcoins in the near future, you can start to choose potential altcoins to buy. But if you are not sure that bullish in altcoins to happen or not, you are better to wait for the momentum and monitor the market improvement first.

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Quote from: Sayeds56 on December 16, 2020, 11:57:25 AM

Quote from: cutesgirl on December 16, 2020, 10:58:12 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.

Well said. It is crypto market and always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts.

Right now as prices rising I am feeling good time for small traders to have some good position in altcoins because right now we have some good chance of good profit from them over $20K is not for all its just for those who can afford and if you cannot afford then just jump into altcoins as this is also not bad time and idea to have these in your wallet.

baundul

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It is very difficult to predict the future of Bitcoin. The repetition of 2017 has already taken place. The other coins lag far behind in its continuity. Although the price of alt-coins has risen against the dollar, Bitcoin has not. From this source it can be said that the days of alt-coins are in the future. That golden opportunity may come. So it can be said that buying alt-coins is appropriate now.

AjithBtc

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The market price of bitcoin have crossed $20k barrier. Upon this growth there is little growth with altcoins. The price crossing $20k is a big news and the same has made people think of altcoins pump. Maybe there'll be market growth, and the same is composed of real-time usage increase. For people with good funds in hand it is good to invest on altcoins and sell when the value grows high.

Sayeds56

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Quote from: cutesgirl on December 16, 2020, 10:58:12 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.

Well said. This is crypto market and it always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts. Currently BTC dominance Index is at 65%, let it come down to 60% or even less, then take entry.

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