Crypto market is on down trend in the last couple of months for no reasons. It is just play of big whales and they are playing by creating rumor, news about exchange hack, crypto wallet hack etc. BTC and ETH will go on green trend very soon i think. So we need to hold it now.
True, holding BTC and ETH is very good at the moment, but we still have to do research on market trends, so that we don't experience the loss of time in holding some altcoin and tokens, especially BTC and ETH.
I agree. Despite of the downfalls that we are currently seeing right now, we must be patient and tighten our hold into the assets we have because selling or trading them as of the moment will just make you regret selling it at lower prices nowadays once the market have already recovered making the prices to go up once again. We must face this challenge to us crypto users that we need to surpass because if we let our emotions get into our decision making due to what we are currently experiencing brought by the market downfall. Keep on holding into our assets most specially into Bitcoin and do expect and believe that the halving that will happen in the upcoming year of 2020, will trigger the rise of its price bringing the rise of all the Altcoins that depends on the price of Bitcoin. As of the moment, be patient and do hope that all of the wait we endure will all be worth it once the market have already recovered.
Investing or buying some good or on top coins is a good choice. The downfall is passive in cryptocurrency since we all know that cryptocurrencies are volatile in terms of prices, it is changing time by time so there is a big possibility that the token you bought before can have high value in the future if you will still hold it and not sell it now.
The price of every altcoin in the market is really dependent on the price of the bitcoin. Meaning, if the price of bitcoin goes down, the price of some altcoin will probably gonna go down also. It is domino effect. That is why the market is now on red since the price of bitcoin is going down.
yes, it might be true that the rise in bitcoin prices could affect other altcoin prices. but now the price of bitcoin is slowly starting to improve and also some of the other top altcoins like ETH, BNB, EOS. I think in the second month of 2020 the market will start to experience good price changes, I believe that sooner or later bitcoin will soon reach $ 90k - $ 10K by the middle of the year.
This is indeed also one of the things I have noticed when the market is experiencing downfall, I think bitcoin is the reason when bitcoin value is dumping, the market is also having this kind of situation. Maybe because bitcoin is a dominant cryptocurrency and cannot be compared to any other cryptocurrency especially alternative coins.