With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
Possible and we're seeing it right now but the recovery is also stronger than it. So, if you're into these percentages of drop before the halving since we're getting close to it, see it for yourself. But what you can do is that you'll never get to have that accuracy on how much they'd do because the market is fluctuating a lot and you cannot measure that if you're into a bunch of altcoins. Are you waiting for some more dip or you're looking at a down and reddish portfolio of yours? 
Topic: Is the Temporary Down Turn for Altcoins Over? (Read 238 times)
The rise and fall of crypto prices is a very normal thing, and it doesn't have to be debated fundamentally, and I think crypto, especially altcoins, will never end, we should take the positive side of the decline, where we can buy some altcoins that have the potential to provide profits in the future,
The fall of bitcoin in the recent past indicates that the value of altcoins is also bound to decrease. This is common in the world of digital currencies. While it may not always be so, there are some indications that after the halving following the next one, this rise in bitcoin prices could spur on altcoins and let them do what they do best. On the other hand, a memecoin in the Solana chain can bring you quick profits, but it will be a risk. If you want a safer investment alternative over a long period of time then bitcoin may be your ultimate choice.
Do ensure you're eating good and laying down prominent structures to maintain balance. Our ultimate choice will only be selected based on our current form in the market. Altcoins will forever remain promising in the system and I'm standing on my ground, not relenting but focused more on the horrendous sectors that will generates huge profits for everyone. We're more interested in milking the system but forgets and overlooks the strategy to implement to maintain been at the top. Look at that as just one small aspect of what we're discussing, there are many different options in the space, and I'm pretty confident that the larger the portfolio, the more we will prioritize the safer are quick profitable opportunities. I'm not sure I've spent money on opportunities to make money through memecoin, but always assume that money can be lost at any time so it's not too stressful. And the main problem with priority portfolios is trying to minimize risk and take advantage of opportunities to increase safety next, I would still express that even making a profit from any alts will convert everything to Bitcoin. And that is the strategy that I built, accepted and followed the plan without wanting to complicate it with many trends being spread in a space full of hype.
Altcoins will always follow the changes occurring in the price of bitcoin so yesterday when bitcoin again hit 72k$ then Altcoins also increases but now with bitcoin drop all altcoins also show some sort of drop which will be suited well if you use it for buying purposes.
All the time the price of altcoins does not remain same so if you hear about bull and bear season of bitcoin then keep it in mind the altcoins will also move in same direction as that of bitcoin goes.
Halving is not so far so price will again go higher but be patience as price cannot go to the moon in a day without facing any challenges. Every good time needs your patience and your time so sacrifice something for getting success.
All the time the price of altcoins does not remain same so if you hear about bull and bear season of bitcoin then keep it in mind the altcoins will also move in same direction as that of bitcoin goes.
Halving is not so far so price will again go higher but be patience as price cannot go to the moon in a day without facing any challenges. Every good time needs your patience and your time so sacrifice something for getting success.
Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.
With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
The upcoming halving is only days away and we haven't seen that much drop in altcoin prices, if there's going to be a drop it isn't happening before the halving. It's very difficult to predict what will happen to altcoin as altcoins are very volatile and the price can be affected by different things. Memecoin can pump due to some celebrities buying the memecoin or tweeting about it while other altcoins can pump as big whale investors are investing into the project as we have with Real world Assets tokens pumping.
Loading up altcoin right now can be risky as we don't know which altcoin is going to be getting the most attention for the bull maket and if you want to make profits you have to be invested in the right project that gets the attention. You can know the narrative but if you didn't have the right tokens that will be getting all the hypes, you'll miss out on making profits as altcoin that do well depends on hype.
I feel like many investors expect the altcoins they are holding to increase double or triple their current prices every time the bitcoin price hits running high. But I always emphasize that not all altcoins would increase alongside bitcoin. It still depends on the altcoin itself. Even if there is some decline in bitcoin price, some altcoins are observed to be a little more stable and does not necessarily follow the same trend. Of course we can see some little decrease but a good project would not hit the bottom right the moment bitcoin hits a decline.
Absolutely, most of the investors are anticipating that their holding of altcoins will yield significant return of 2-10X during the upcoming bull cycle. However, not necessarily price of every coin in their portfolio will surge to their expectation, the success of the project largely depends on the ability the team to create real life use case, generate demand through effective marketing strategies and cultivate a strong community.
I'm sure after halving alts will pick up momentum. I have already prepared for it and bought BNB, XRP and TFS. But these will be the most promising coins in my opinion
Depends on which alt you are talking about. The alt I favor (litecoin) by all means isn’t down 30%. Only down 10-12% from its local top. ($115 > ~$100) Other coins may have fallen a lot more because their price wasn’t real to begin with. It takes only a little selling pressure to send them to the ground. They lack liquidity and real demand. Maybe invest in better projects and well established alts like ltc, xmr and doge next time? These alts haven’t met their ATH again for a long time sadly but at least they won’t go to zero like the others.
I feel like many investors expect the altcoins they are holding to increase double or triple their current prices every time the bitcoin price hits running high. But I always emphasize that not all altcoins would increase alongside bitcoin. It still depends on the altcoin itself. Even if there is some decline in bitcoin price, some altcoins are observed to be a little more stable and does not necessarily follow the same trend. Of course we can see some little decrease but a good project would not hit the bottom right the moment bitcoin hits a decline.
That's sort of my reasoning as to why top 50 Alt-coins won't go down another 10% because Bitcoin has stabilized around high $60k, and with the upcoming halving, I don't think it'll plummet enough to drag the Alt-coins down further.
That said, Alt-coins don't immediately react to Bitcoin halving, at least not based on the previous cycles. That gives me a pause to see if I should wait to buy back in a bit later, or shrug this off and just buy now for the next uptrend.
It sounds like you are weighing Bitcoin stability and its likely impact on altcoins market. You are right that altcoin don't immediately react to halving as they have their own factors those drive their price movements, such as technological development, adoption and market sentiment. It was good opportunity to take entry in alts when last weeks Bitcoin price was hoovering around $69K. This morning Bitcoin has demonstrated impressive price movement and surged more than $3000, currently trading around $72,300. Thus, this surge in Bitcoin price might boost optimism among altcoins investors.
It appears that recent short term downturn for altcoins market is passed, with Bitcoin is also rebounding from downturns of last 2,5 weeks and now it is trading above $69,000 often setting the tone of cryptocurrencies market. Nevertheless, it is crucial to recognize that crypt currencies market is very volatile and unpredictable therefore we may encounter similar cycles of ups and downs in future.
That's sort of my reasoning as to why top 50 Alt-coins won't go down another 10% because Bitcoin has stabilized around high $60k, and with the upcoming halving, I don't think it'll plummet enough to drag the Alt-coins down further.
That said, Alt-coins don't immediately react to Bitcoin halving, at least not based on the previous cycles. That gives me a pause to see if I should wait to buy back in a bit later, or shrug this off and just buy now for the next uptrend.
market movements may experience a slight pump. but it wasn't a strong boost caused by Bitcoin's movement. it will only happen in a short time and on a small scale.
a period of market growth usually occurs after the halving is over. So don't be surprised if when the halving occurs nothing big happens in the market. but I believe we haven't hit rock bottom yet. we might be able to go down even deeper.
a period of market growth usually occurs after the halving is over. So don't be surprised if when the halving occurs nothing big happens in the market. but I believe we haven't hit rock bottom yet. we might be able to go down even deeper.
I keep seeing more sell off, a small bump, then more sell off -- a clear down trend. (today we are in the up trend, but I would wait another few days before trying to buy back in a few top-50 Alt-coins).
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Would probably be a consolidation period, depending on what you buy you could go for it. Meme coins are good and all but they're just something you hold for probably at most a day or two. Top 10 coins would probably be the best thing to hold for maybe idk, 6 months to a year? We usually see a bull run for the Bitcoin market around that point after the halving so I expect the altcoin to closely follow along that schedule, or at least somewhere there. Last month I posted an entry talking about whether we had hit the highs in the recent "short term" bull run. I was very close to getting that high right.
Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.
With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
Here we are, 2.5 weeks later and the Alt-coin market seems to be down 30%+ and floating at that level for a while.
With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
It appears that recent short term downturn for altcoins market is passed, with Bitcoin is also rebounding from downturns of last 2,5 weeks and now it is trading above $69,000 often setting the tone of cryptocurrencies market. Nevertheless, it is crucial to recognize that crypt currencies market is very volatile and unpredictable therefore we may encounter similar cycles of ups and downs in future.
The community doesn't know exactly what will be the reaction of altcoins nor bitcoin in the next few days and weeks but be rest assured that not all altcoins will or has fall up to a 30%.
Mostly we know that altcoins follow the bitcoin trends to make move, so whatever bitcoin does that is exactly what every other coin will follow. But I believe that bitcoin will not longer fall that much so it might be heading to an upward movement, and so the altcoins might be following it too.
So we just have to be patient with the market and be conscious at the same time not to loss our funds.
Mostly we know that altcoins follow the bitcoin trends to make move, so whatever bitcoin does that is exactly what every other coin will follow. But I believe that bitcoin will not longer fall that much so it might be heading to an upward movement, and so the altcoins might be following it too.
So we just have to be patient with the market and be conscious at the same time not to loss our funds.
it bounced though. maybe it's really just temporary. the problem with this market is that, in just a day it will make you believe we are back to rally up again, and then the next day it disappoints you again. today it may have gone up like it will continue going to $75k but the next day you will be tricked again that it will dive to $60k.
so when the price increased to 68k today, a lot may have actually bought and iff they find out tomorrow it falls below 68k again, they may sell.
The community doesn't know exactly what will be the reaction of altcoins nor bitcoin in the next few days and weeks but be rest assured that not all altcoins will or has fall up to a 30%.
Mostly we know that altcoins follow the bitcoin trends to make move, so whatever bitcoin does that is exactly what every other coin will follow. But I believe that bitcoin will not longer fall that much so it might be heading to an upward movement, and so the altcoins might be following it too.
So we just have to be patient with the market and be conscious at the same time not to loss our funds.
Mostly we know that altcoins follow the bitcoin trends to make move, so whatever bitcoin does that is exactly what every other coin will follow. But I believe that bitcoin will not longer fall that much so it might be heading to an upward movement, and so the altcoins might be following it too.
So we just have to be patient with the market and be conscious at the same time not to loss our funds.
There always are a little bit of rise and fall on price but most of the times, the whole of crypto market follows the trend taken by bitcoin. So, it's upto bitcoin price change that would decide the price of alts as well. The bitcoin halving is approaching and historically, there are no sharp rises a month prior and a few months post halving. It would take few more months of accumulation for bull to come. In short, we might need to wait 6 months more for the down turn of altcoins to end. When it does, the sharp would be huge. I guess we'll get to x2 of total crypto marketcap by next year this time.
30% down in not big in a volatile crypto market. Generally the crypto market goes into the red zone before halving due to multiple reasons. One of them is Bitcoin price correction which we are noticing now. I am expecting another big correction right before halving but currently the demand to buy Bitcoin ETF is responsible for the market going sideways. Overall price correction is always good for the market to go further up.
its also because the buy rumour and sell the news thing, basically whatever events comes to date, bitcoin not gonna have any meaningful increase to its price or instead it gonna tank because people are dumping their bags when the news are here, same thing with previous halving, but in reality, it only gives whales more and more bitcoin to keep before they are doing the massive pump.sort of accumulation period for the whales if i say, it happens almost every halving though, when people are expecting there would be instant rally of price where it can get the current price to even greater heights but turn out nothing is happening but few weeks or months later after having some small steady increase with bitcoin the market suddenly grow with series of pumps followed by one big last rally.
which is kinda great if you think about it, the market don't just pump because there's halving but because bitcoin deserve for it to have pump.
With the upcoming Halving event in a few weeks, does the community think whether we still have more than 30% drop to go (from the highs last month), or is it a good time to load up on Alt-coins again?
market movements may experience a slight pump. but it wasn't a strong boost caused by Bitcoin's movement. it will only happen in a short time and on a small scale.
a period of market growth usually occurs after the halving is over. So don't be surprised if when the halving occurs nothing big happens in the market. but I believe we haven't hit rock bottom yet. we might be able to go down even deeper.
It's just too difficult to predict the lowest low of altcoin. Even though it is believe we may still see more low before the halving, it is still advice to buy gradually using DCA. Our expectations may be wrong sometimes, what if there isn't any dip anymore before the halving. To overcome FOMO, one can still buy as said earlier using DCA.
I think we should wait a little more. As the market is still somehow captured by meme coins and people are getting out after their investments have given them good profits. Now after getting out they'll like to be interested in the altcoins so it's very near that altcoins will again come into game but in my opinion we should wait a little more.
I think when it reaches the mark of 40% drop then it'll be more good to invest. We can Invest now as well that's not a bad deal but it'll be more beneficial if we wait a little more.
I think when it reaches the mark of 40% drop then it'll be more good to invest. We can Invest now as well that's not a bad deal but it'll be more beneficial if we wait a little more.
Drop in the price of bitcoin also affected the altcoin prices negatively that is why you see the downtrend, probably we can expect a real surge in bitcoin's price post halving when the altcoin market will also influenced and take hits.
As of now Memecoins especially on Solana is being the choice for short term profits so you can try if you wanted to make money now or just buy the established coins for long term.
As of now Memecoins especially on Solana is being the choice for short term profits so you can try if you wanted to make money now or just buy the established coins for long term.
This is true that if bitcoin goes down then every other coin also goes down because bitcoin effects the price of each coin so it is necessary to be noted that if bitcoin halving take place then not only bitcoin will pump but every altcoin will also surges.
We have to not only buy bitcoin but think about investment in certain potential altcoins so you can take huge profit during current Bull season and also during coming halving as we have to take benefit from the specific events like halving.
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