What do you think about altcoin market - page 7.

Gayong88

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

What do you think about altcoin market.

It's no secret that the market is not in a good shape at the moment. I think whatever position we are now investors or traders should remember to be smart and keep investing to make money at the end of the day but There are times when we feel this coin or that coin can make me rich overnight.

BuNga_cute

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Quote from: ilovealtcoins on July 06, 2022, 12:56:41 PM

Quote from: Samurai trieng on July 06, 2022, 12:50:29 PM

I think at this time the crypto market is very critical where most coins have experienced a very deep decline, the thing that is most worried is the decline in bitcoin where the decline has reached 50% and if you look at the current market situation most likely bitcoin and other coins will back experience a decline, and most likely the crypto market will repeat itself as it was in 2018.

This is a pattern that is repeating itself and things seem to get worse if bitcoin continues to decline . Many altcoins have dropped more than 90% in value and I think that if it continues to happen, it is unlikely that they will be able to recover at some point in the future. should limit altcoin investment at this time.

Investing in crypto is indeed high risk, we cannot expect crypto prices to continue to rise. Sometimes we have to be prepared for a bear market
situation like now, I am lucky to be one of the people who have experienced a bear market that occurred in 2018. So for me the current decline
in crypto prices is nothing new and something to worry about. Bear market now will only happen temporarily, if we can be patient holding our coins
until the bull market comes, we can make a satisfactory profit.

The most important thing is my advice, don't panic and sell our coins at low prices, then if we want to buy crypto now is the right time. As you said,
the decline in altcoins was very deep, so it can be said that the price of altcoins is now very low. We can buy some altcoins that we think are potential,
but don't buy too many altcoins, because the percentage of our capital is around 70% it is better to buy Bitcoin. So far it is only Bitcoin the safest
for investment options, so indeed the main focus in a bear market is collecting Bitcoin.

Furious 7

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Quote from: Samurai trieng on July 06, 2022, 12:50:29 PM

I think at this time the crypto market is very critical where most coins have experienced a very deep decline, the thing that is most worried is the decline in bitcoin where the decline has reached 50% and if you look at the current market situation most likely bitcoin and other coins will back experience a decline, and most likely the crypto market will repeat itself as it was in 2018.

Actually this will happen sooner or later because if you look at a pattern like this it has happened several times and it is quite natural to say this is deja vu to me so I don't see anything too worrying for myself.
The current decline is still continuing and indeed it may still continue like this until it finds a good pattern for the Bulls again. Bitcoin is one of the things that is quite vital, as long as they continue to be in an uncertain turbulence then the alt will certainly be shaken.

blockman

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Yeah, the price was back near to its launching price. After hitting $54, do we think that it can be back there? Maybe. Everything in the market is plummeting.
This could be the bottom of this cycle and it's not financial advice because you'll still be the one to decide if you're going to buy it or not.

ilovealtcoins

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Quote from: Samurai trieng on July 06, 2022, 12:50:29 PM

I think at this time the crypto market is very critical where most coins have experienced a very deep decline, the thing that is most worried is the decline in bitcoin where the decline has reached 50% and if you look at the current market situation most likely bitcoin and other coins will back experience a decline, and most likely the crypto market will repeat itself as it was in 2018.

This is a pattern that is repeating itself and things seem to get worse if bitcoin continues to decline . Many altcoins have dropped more than 90% in value and I think that if it continues to happen, it is unlikely that they will be able to recover at some point in the future. should limit altcoin investment at this time.

Samurai trieng

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I think at this time the crypto market is very critical where most coins have experienced a very deep decline, the thing that is most worried is the decline in bitcoin where the decline has reached 50% and if you look at the current market situation most likely bitcoin and other coins will back experience a decline, and most likely the crypto market will repeat itself as it was in 2018.

TheUltraElite

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So anyway, I applied as a merit source :)

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Nowadays it is difficult to predict that a coin can increase or will continue to fall until the end, everything is not stable and this includes the value of bitcoin, if you want to hold a coin as you said that polka dot is a good coin then consider it first until the market situation can be better, but if you are sure of the coin then there is nothing wrong with storing.

Long term holding is a faith-based game. If you have confidence in the team and have proper faith in their approach then by all means do invest in it. But this may not be the case for most investors who have joined with lack of background research, suggestions from other friends and social media spam. Majority of the coins launched in the last 3years have been hyped coins with no proper use case or intrinsic market making.

Therefore the long term value of such coins is virtually null without any profit. They will end up being a burden in your bag which one can never relieve off.

wxa7115

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Quote from: danherbias07 on June 29, 2022, 01:26:24 PM

It will become a blame game if we answer this. Every altcoin now has a big chance for a big pump if ever Bitcoin is pulled up.
What you can do is filter the choices. Those you like and think that have a better chance to ride that kind of wave.
Binance coin for example (BNB). This coin had been riding the wave when Bitcoin goes up and down because it's used at their trading site which means demands are going high whenever traders need to get in and out. That's the only coin I am trying to buy for now as I cannot decide yet which will give me more profits, especially with a long list of high-risk altcoins.

Right now this is the right approach, we need to think on making our investments for the long term and not the short term, I know that many people do not want to do this because they understand the bear market is going to continue for the long term, but the short term is going to be terrible for most altcoins, with a great deal of them disappearing or going down in value in a dramatic fashion.

So with this in mind the best approach is to invest in a coin that we know it is going to bring great profits during the long term, and there are very few coins that we know can give those profits, and without a doubt the binance coin is one of those few projects.

bhooscream

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The altcoin market is still like this, dropping following the Bitcoin market.
It is still not expected to rise up in this bearish season. There also may still have dropped the price again later.
DOT is one of the worthy altcoins, this experience a very dramatic drop. If this survives, we can invest it right now and hold them until at least the next bullish market. If the price can meet the previous ATH, we can have high profits, can't we? but once more, there is no 100% guarantee that this coin can survive and pass the previous ATH. So, DYOR again

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It will become a blame game if we answer this. Every altcoin now has a big chance for a big pump if ever Bitcoin is pulled up.
What you can do is filter the choices. Those you like and think that have a better chance to ride that kind of wave.
Binance coin for example (BNB). This coin had been riding the wave when Bitcoin goes up and down because it's used at their trading site which means demands are going high whenever traders need to get in and out. That's the only coin I am trying to buy for now as I cannot decide yet which will give me more profits, especially with a long list of high-risk altcoins.

tjtonmoy

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

Many alts will fall during this market crash. But only those who can stand their ground will stay here and will have the strength to rise again.

tbterryboy

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Quote from: CuriousGeorge on June 27, 2022, 08:53:26 AM

Anyway, everything that has been trading at the bottom shall be considered as a good price to buy. So if you are feeling doubt caused by that and then forget to invest in the crypto. you do know that if the price already bottomed but you are still seeking opinion from others. that proves if you didn't even trust yourself. Buy if you think that already gone to the bottom. Not buy when you are thinking that's still overvalued at this moment. That's an easy choice for you and then the choice is yours.

I think there is no way to tell the bottom of the coins so I don't like using that word. Instead we can say that the coins are dumping and that is a good time for buying. There is no room for doubts thinking that there is more dump to come because we are already given by a good price.

We should be thankful for this and shouldn't ask for more. If they want to, they can invest smaller amounts for a while so that they have a back up funds left for later use, in case what they are expecting occurs. It's not bad to ask for a second opinion, if we aren't sure to decide for ourselves because you know, the market nowadays is truly confusing.

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

Turning to such this question, the same answer comes back and that is, "No one can tell you with a hundred percent certainty what the next step or future of cryptocurrency is going to be". But looking at the current situation of the market, one can only guess that the market is going to be bearish for a long time. I think in this time altcoin it not ideal for trading I will prefer Bitcoin for now [except some top alt-coin like- eth, bnb ,ltc]. And this trade can be for long-term.

TheUltraElite

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The altcoin market is now declining. The green signal of the market is temporary. Because when the market was up, it did not rise from the bottom to the top at once. It took about 2 years to slowly rise to the top. So I think it will take a long time to come down from the top to the bottom. The next bullrun may be in 2024/2025. And the market will remain bearish until the next bullrun. So the altcoin market is likely to go further down.

The bear market reveals what lies under the veil. The truth about altcoins being nothing more than shitcoins in the major numbers and that bitcoin is the only coin worth putting money in becomes evident here. Of course bitcoin will also drop in price but its history clearly shows that it recovers gradually back to its prices and gives its investors good returns on every rise.

The lack of development and mismanagement of funds in majority of newly launched altcoins added to the fact that the mainstream market cannot be compared with altcoins in place of their fiat equivalents makes the entire thing a problem for merchants and hence the low adoption.

Even if bitcoin starts bull run, people should understand that the extent that altcoins might recover is small and hence gradually it is time for bigger and better things.

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

Maybe YES or maybe NO - can really figure out what gonna happen next. But I suggest for you OP to move out from this project and look for better and more promising projects. If you have some of these coins, make sell them if you have doubt but if not, just keep them while investing other coins.

For now, it was not deniable that the altcoins are facing a higher risk when investing in them. That gonna be wise to just to focus more on the leading altcoins and Bitcoin.

fosco333

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Altcoin market usually follows bitcoin market, i often see that altcoin price movements are similar with bitcoin price movements.
The problem is, we will never know where it will heading. Once we able to predict the bitcoin market movements, then i think we will be able to predict the altcoin market movements as well which is a very good thing to get profit.

Outhue

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Still not a good time to start buying altcoins, I am also losing my patience too because I want the best discount price as possible on projects like Polkadot, Avaax and DODO, this can happen if BTC goes below 18,000$ even if it's just going to be for a month so all altcoins will fall as well, be patience .

Jackl87

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

Is polka-dot a good price at 7 dollars? This was its price two years ago, do you think that polka-dot can still go down or not? Have we met the bottom for altcoins or all these are just fake outs? What do you think about altcoin market.

It is really hard to tell if we are in for another big dump or not. I personally think that the bear market is not over yet and that we will witness at least one more drop of prices and by that i mean Ethereum going down below 1000$ and BTC going down below 20000$ per coin. This would probably mean that we would see polkadot at around 6,50 $ again or even lower.
If you believe though that Polkadot is a project that will do well in the mid- and long term future then i think it will not matter that much if you buy for 7 $ or for 6 $ per DOT if you are planning to hodl until it is at 50$ plus. Of course it is always best to hit the perfect time to enter, but that is almost impossible.

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Quote from: Z390 on June 23, 2022, 01:56:13 AM

What do you think about altcoin market.

Don't erroneously continue to wait in vain for the market to bottom out. The present crash is providing a leeway to those who missed out on their favourite cryptos to get in and I guess a few investors are happily cashing in on that. I checked the ATL of Polkadot and it was around $2+ in August 2020. It also did an ATH of $54+. Today, that price stands at a discount at $7+ today. Knowing the utility Polkadot has, I believe it will rally up again once the bear allows the bull a breathing space. You can DCA on it if you're doubtful it will dip more than miss out completely.

bittick

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This seems to be a good day for the altcoin market for now. People can buy at the cheap price and they shall not worry about the possible dump again caused by the price already reached the dip. Polkadot is also going down so fast and don't you even see this as an opportunity? 7 bucks were so cheap for a coin like polkadot and this coin can grow again anytime. Think about if the price will be going up again. What about try to accumulate small amounts of polkadot right now and you will regret it once the price will be recovered again.
Think about that. Any bearish trend will always become golden opportunity

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