Topic: What's your opinion about today's Altcoin market situation? (Read 885 times)
One way or another, many new projects today provide much more profit to investors than any investment in altcoin, especially if we take into account the activity around DeFi projects. And yet there are two categories of investors who invest in the safest and most rated cryptocurrencies, as well as the newer, most popular highly liquid coins.
The current situation is very good, I like this situation. I get profit every time I trade, this is the situation all crypto traders are waiting for the most. altcoin and bitcoin can go hand in hand, hopefully this positive trend will not end soon. I hope all the altcoins can break the ATH in the new year. it would be sweet, if it came true.
I hope so and it looks like grayscale was buying more and more bitcoin. A few hundred million dollars have been used by grayscale to buy more bitcoin recently. It looks like the bullish trend will still happening. I may predict the bearish trend for crypto will come in the middle quarter of next year.
This time looks a good time to prepare our portfolios to be sold at ATH
If you look at the new projects, the ones that basically give insane returns for liquidity providing and staking, you could find that there are pools that pay insane returns and that is definitely unsustainable if you ask me but they do that anyway.
Obviously math goes like this (which should sound impossible but somehow turns out possible) You put in 2 bnb, which is around 50 dollars, and you do not "spend" your 2 bnb, you just let them use it, basically rent your 2 bnb, and in return you mine about 10 dollar worth every day, which means in day 5 you will make it all back, but you make that 10 dollar from this new token, that token could crash and worth 10% what it used to be, meaning you could make 1 dollar per day, still not bad of course, but it could also crash to 1 cent as well.
So, basically it all depends on the price of the token you are "mining" with your bnb but the good part is, you do not spend anything for this.
Obviously math goes like this (which should sound impossible but somehow turns out possible) You put in 2 bnb, which is around 50 dollars, and you do not "spend" your 2 bnb, you just let them use it, basically rent your 2 bnb, and in return you mine about 10 dollar worth every day, which means in day 5 you will make it all back, but you make that 10 dollar from this new token, that token could crash and worth 10% what it used to be, meaning you could make 1 dollar per day, still not bad of course, but it could also crash to 1 cent as well.
So, basically it all depends on the price of the token you are "mining" with your bnb but the good part is, you do not spend anything for this.
The altcoins market for several days is quite good, there are no significant losses and gains, everything looks very stable. I take the occasional opportunity to trade and make short-term profits.
yeah it's really profitable to trade for short term right now, making profit off margin since the prince seems like doesn't move that much but occasional dumping is there, just how we control our emotion when the dumps happening or we missed the buying train.Moreover the alts like ETH more specifically XRP, everyone could make profit off its hype where they announce airdrop and dump when people buying.
It very well may be whales changing out subsequent to having a field day with the market, wherein numerous individuals were considering Bitcoin developing more or it very well may be a remedy occurring and preparing Bitcoin for another pattern. Cause crypto doesn't show the upper pattern for such a long time. Presently there are two prospects, the cost may stay at this stage without much up down development and will show another upward move following not many days.
The current situation is very good, I like this situation. I get profit every time I trade, this is the situation all crypto traders are waiting for the most. altcoin and bitcoin can go hand in hand, hopefully this positive trend will not end soon. I hope all the altcoins can break the ATH in the new year. it would be sweet, if it came true.
Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.
This is indeed the dump the whale played with back in November, but that's a good point of the token's upward move this month. so they seemed to lower the price then pumped strongly upwards until it is today. that's the real situation in trading you have to be smart in observing the real situation 
It would be good if the history will repeat as 2017 where the altcoins pumping but this time is different I don't know if we can see it again the bullish of the altcoins because currently the prices of the altcoins were falling down. Maybe people were starting to cashing out for the Christmas day.
Of course altcoins are down because bitcoin is undergoing a correction, although bitcoin is only correcting a little but it really affects a lot of altcoins. And this is quite natural because we are at the end of the year. Hopefully the market conditions earlier in the year will bring altcoins flying.
^Bitcoin price obviously attracted a lot of people I am not going to deny that, but look at altcoins, they are not stopping at their own place neither. Most of them even have a higher return than bitcoin itself as well, at least in dollar price that is.
I believe people will move to altcoins very soon because bitcoin will tap out and can't go up, but this doesn't mean that alts didn't earned people some money neither, which means there could be a situation where bitcoin will hit peak price and can't move higher but alts also hits the peak and can't move any higher around the same time as well. Obviously this is crypto world and we do not know what could happen, but that is a possibility that we need to consider when we are investing or trading in crypto world.
I believe people will move to altcoins very soon because bitcoin will tap out and can't go up, but this doesn't mean that alts didn't earned people some money neither, which means there could be a situation where bitcoin will hit peak price and can't move higher but alts also hits the peak and can't move any higher around the same time as well. Obviously this is crypto world and we do not know what could happen, but that is a possibility that we need to consider when we are investing or trading in crypto world.
Individuals need to get this, there is the ideal opportunity for Bitcoin on the grounds that BTC is in a class and there is a motivation behind why it has over 60% of the entire marketcap, the ideal opportunity for Altcoins to siphon is coming and those Altcoins that will initially siphon are the Blue chip Altcoins before the benefit begin streaming down to other Altcoins lower in the marketcap.
Altcoins history helped the cryptocurrency boom during the time of bullrun, I wondered why bigger investors leave the best projects who been booming all those times. There could be a discreet reason for everything, and we'll find it sooner how come altcoins marketcap have lowered. This might be so interesting to find out, since most people technically waited for perfect time of altcoins to initiate.
remain on a certain spot for too long.They would definitely switching off market if they liked to.
Regarding on altcoin market then its obvious that people are focusing now in Bitcoin market which its normal to see reds or sideways in alts because people do tend
to get engage into the other side on where volatility is much more presence.
Its up to them as long they do make money then it doesnt matter what market they are involved on.
The altcoin market currently doesn't look good to pump,
because everything is still focused on the increase in the price of Bitcoin,
that's only natural, because new ath has been reached, and maybe this won't just end,
there will be another wave of pumping I'm sure that.
because everything is still focused on the increase in the price of Bitcoin,
that's only natural, because new ath has been reached, and maybe this won't just end,
there will be another wave of pumping I'm sure that.
Individuals need to get this, there is the ideal opportunity for Bitcoin on the grounds that BTC is in a class and there is a motivation behind why it has over 60% of the entire marketcap, the ideal opportunity for Altcoins to siphon is coming and those Altcoins that will initially siphon are the Blue chip Altcoins before the benefit begin streaming down to other Altcoins lower in the marketcap.
Altcoins history helped the cryptocurrency boom during the time of bullrun, I wondered why bigger investors leave the best projects who been booming all those times. There could be a discreet reason for everything, and we'll find it sooner how come altcoins marketcap have lowered. This might be so interesting to find out, since most people technically waited for perfect time of altcoins to initiate.
Individuals need to get this, there is the ideal opportunity for Bitcoin on the grounds that BTC is in a class and there is a motivation behind why it has over 60% of the entire marketcap, the ideal opportunity for Altcoins to siphon is coming and those Altcoins that will initially siphon are the Blue chip Altcoins before the benefit begin streaming down to other Altcoins lower in the marketcap.
People need to understand this, there is time for Bitcoin because BTC is in the class of its own and there is a reason why it has more than 60% of the whole marketcap, the time for Altcoins to pump is coming and those Altcoins that will first pump are the Blue chip Altcoins before the profit start trickling down to other Altcoins lower in the marketcap
That's really good insights man, but somehow let's realize not all of the altcoins will resurrect, it's because most of them was already dead. I remembered holding one of that ico project two years ago, and now it's out of the limelight which I think really disgusting to see. Through there's some of them starts to wake up and ready for another altcoins green days just like before, we still need to be careful on our choices to which of them can provide us better future.
but we do have that kind of hopes in mind that they might really be resurrected one day and make tons of money if thats the case.
When it comes to altcoin market then its up to someones choice if he can risk up or not because we are already fully aware on how these alts can potentially
go and its up to you wether you do hold or not basing into your own jurisdiction and choice.
Bitcoin prepared for another pattern. Then again, it could likewise be that what sort of occurs towards the year's end is going to occur, that is, dump on the lookout or it very well may be much more. I may ask must it he hypothesis, is there no - this is the straight out purpose behind the cost increment or not. Is crypto-coin above rationales in getting genuine/straight-out response to it cost.
It was market correction that took place, even till now once Bitcoin is at $19k region it will dump again before gathering momentum to shot up again, therefore with the little study of the market it is evident enough the market this time around is different from that of 2017. Also, another reason which made me have the thoughts that the market is working differently from that of 2017 is the fact that, from all angles Bitcoin is being invested on hugely by big institutional investors and it looks like the attention from that angle is still much around. Lastly, with further adoption from many platforms Bitcoin will continue its growth and the price it will reach cannot be speculated by anyone.
People need to understand this, there is time for Bitcoin because BTC is in the class of its own and there is a reason why it has more than 60% of the whole marketcap, the time for Altcoins to pump is coming and those Altcoins that will first pump are the Blue chip Altcoins before the profit start trickling down to other Altcoins lower in the marketcap
That's really good insights man, but somehow let's realize not all of the altcoins will resurrect, it's because most of them was already dead. I remembered holding one of that ico project two years ago, and now it's out of the limelight which I think really disgusting to see. Through there's some of them starts to wake up and ready for another altcoins green days just like before, we still need to be careful on our choices to which of them can provide us better future.
People need to understand this, there is time for Bitcoin because BTC is in the class of its own and there is a reason why it has more than 60% of the whole marketcap, the time for Altcoins to pump is coming and those Altcoins that will first pump are the Blue chip Altcoins before the profit start trickling down to other Altcoins lower in the marketcap
Todays altcoin market situation some are in uptrend but there's a time price declined. We can't really judge the market situation because of its volatility. So only those project with real use case the price may sustain in the market.
he didnt mean today but he mean the day when he open this topic . todays market situation are now green compare to when the day he posted this thread and he was right that the crash didnt lasted for so long while you were also right , coins are not perfect like us .
they have a special condition called volatility but who make the volatility happen ? its still the people the manipulators . good coins or coins with good use are still dumping sometimes but they can recover compare to really bad coins .
Jump to: