So is it really right to collect altcoins? Or another dump will be coming before bull run? Should i postponed my invest or not? I post this in speculation sector cause we can only predict! And I'll go with the most predicted result
Recent unexpected and sudden dump of Bitcoin really effect entire altCoins prices, most of them dump hard and yeh that was opportunity to take some small bite of altCoins accumulation, and still possible chance of more dump again as because according to some decent technical Analyst before we ahead to bull run few dump will necessary to happen, and may be we can get a Bitcoin support level at 21k around. So you can buy small amount now and then some amount at below 25k too.
So the best possible solution is to try coin accumulation via DCA, because here is nothing to worry and due to such solutions it will reduce your losses and you will not miss any critical opportunity to buy some bunch of coins,
Not something new because if Bitcoin do drops then expect that everything will drop and this had been a typical scenario even if we do say that Bitcoins price doesnt affect altcoins price, yes its partly true but most of the time it does. Cant really be denied that its a main trend setter or mover on which on the time that it would be making neither huge pump or dump into its price then we arent that dumb not to see on how the market follows with it.
With Bitcoin going down its very much obvious that Alts too will go down. You cant expect that Bitcoin is down and alts are up and vice versa. Having said that if you are planning to buy Alts right now then its good time to accumulate alts but the solid one like Eth. Bitcoin dip has not settled yet and we need to wait for this dip to settle before making any buying decision. The more bitcoin goes down more alt will go down.
There are ones who do really go into the opposite side but most of them would really be following the line. This is why on the time that this would happen then make it sure that you do have the funds
for you to accumulate on the time that the price is cheap because you could really be able to utilize or take advantage with these kind of situations on which you could really be able to play with the volatility at your advantage.Although it wont really be that so simple in speaking about making decisions since we are always minding about the further dumps on which it would really be the main reason on why we would really be hesitating on making such step or buying back because we do always love on buying at the bottom. This is why we are always hunting for that specific point.
