What's your opinion about today's Altcoin market situation? - page 2.

culuuton

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Quote from: viananda2525 on December 02, 2020, 02:04:34 AM

Quote from: ?? on ??

today is very volatile, it's better to just stay away from the cryptocurrency market for a moment,
look at what happened a few hours ago Bitcoin price experienced a pump and dump,
resulting in volatile altcoin market, wait and analyze first before entering into altcoins.

why we should stay away from crypto market meanwhile looks like allmost all investors confidence with current situation. isn't it good moment to invest again in crypto market especially bitcoin ethereum and ripple ?i do agree market was very volatile but its doesnt meant we must quit , this market will always have high volatility and its be our opportunity to earn profit.

The cryptocurrency market is always volatile, it is the special feature of this market that investors love this. Bitcoin and altcoin prices don't down too much, we don't need to lose our temper. Many of the market volatility in the past were more terrible, but investors still didn't stay away.

viananda2525

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today is very volatile, it's better to just stay away from the cryptocurrency market for a moment,
look at what happened a few hours ago Bitcoin price experienced a pump and dump,
resulting in volatile altcoin market, wait and analyze first before entering into altcoins.

why we should stay away from crypto market meanwhile looks like allmost all investors confidence with current situation. isn't it good moment to invest again in crypto market especially bitcoin ethereum and ripple ?i do agree market was very volatile but its doesnt meant we must quit , this market will always have high volatility and its be our opportunity to earn profit.

AliMan

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Quote from: TitanGEL on November 30, 2020, 11:35:24 PM

I can say that the market is still in bullish state and for sure that there will be some altcoins out there that will have a strong rally or what they call going to the moon. The altcoin dominance is still the same because bitcoin is currently trending where its price doesn't yet exhausted and a lot of investors are focusing on bitcoin only but once the chart of the bitcoin become unhealthy, expect that there will some investors that will withdraw their money and re invest it in altcoin market that can cause to its dominance to go up. The altcoins are doing good especially the ETH where its price suddenly recover after it got bounce in its support. I'm currently focusing on ETH because of its current movement where there is something gonna be good that may happen.

Good thing is currently happening mate, what to expect next is the possible market declination as this was already a part of our historical breakthrough. We already encountered this price rapud increase and then market collapsed quickly after enormous growth outstandingly fulfilled. Bullish state is somewhat good to see for long term holders, but not amazing to those who still preferred to see btc at cheaper price due to their frustrations of failing to purchase while price was still inexpensive.

mace15

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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. There are so many predictions in this market situation so in my view alts season will happen for sure but we cannot tell when, probably next year hopefully.

bitterguy28

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Quote from: Saisher on November 30, 2020, 06:00:21 PM

Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

Not all altcoins are created equal so expect only the top altcoins in the market to make a steady gain what happen in 2017 is not going to happen in the next all time high, only coins with pure potential are going to gain on this new all time high so watch and check what you are investing or you could be in a lot of losses.

You forgot to mention the Pump and Dump coins that can generate income also(for those in right timing because more will surely trapped)
But yeah not all coins can survive the market because of the competition and the demand.
But at least the altcoin season is starter by Defi coins in which makes a break this past months so the normal coins is also waiting for their time and if not this year then expect in 2021.

TitanGEL

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I can say that the market is still in bullish state and for sure that there will be some altcoins out there that will have a strong rally or what they call going to the moon. The altcoin dominance is still the same because bitcoin is currently trending where its price doesn't yet exhausted and a lot of investors are focusing on bitcoin only but once the chart of the bitcoin become unhealthy, expect that there will some investors that will withdraw their money and re invest it in altcoin market that can cause to its dominance to go up. The altcoins are doing good especially the ETH where its price suddenly recover after it got bounce in its support. I'm currently focusing on ETH because of its current movement where there is something gonna be good that may happen.

Saisher

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Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

Not all altcoins are created equal so expect only the top altcoins in the market to make a steady gain what happen in 2017 is not going to happen in the next all time high, only coins with pure potential are going to gain on this new all time high so watch and check what you are investing or you could be in a lot of losses.

coinswebid

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Quote from: sulendra12 on November 30, 2020, 03:45:36 PM

Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

Because those 2 coins have reasons why they were pumped last week until today, so there is nothing to be surprised about that.

I'm really interested to see what would happened in 2021 instead. With so many altcoins are going to get forked/upgraded later and that means there is a sign/signal for us to grab some coins whose having an upgrade. But be careful, just like you said there will be a correction on some coins and it will test your mental.

yes, i think 2021 will be the year of bitcoin and altcoins, especially for solid altcoins project such as ethereum and bnb
by the way, about the corrections, i think if the corrections is acceptable, wich mean do not go down hard, i think thats okay and not a big issue for me

sulendra12

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Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

Because those 2 coins have reasons why they were pumped last week until today, so there is nothing to be surprised about that.

I'm really interested to see what would happened in 2021 instead. With so many altcoins are going to get forked/upgraded later and that means there is a sign/signal for us to grab some coins whose having an upgrade. But be careful, just like you said there will be a correction on some coins and it will test your mental.

coinporch

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Quote from: hahay on November 30, 2020, 01:19:02 PM

Basically it is a situation where the market is experiencing correction, because even the decline is not happening every day. But what is worrying is that those who buy at high prices then panic selling because of the sudden change in market situation. At least when the market situation is like that, then I think it would be better to continue to calm anyone you know not to lose through panic, because even though the market is very volatile but in the end a recovery will always happen.

yes, keep calm and stay cool, because now bitcoin show up its power again
and maybe this is the right time to collecting more good altcoins my friend, because in the near time all good and solid altcoins will follow the movements of bitcoin

hahay

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Basically it is a situation where the market is experiencing correction, because even the decline is not happening every day. But what is worrying is that those who buy at high prices then panic selling because of the sudden change in market situation. At least when the market situation is like that, then I think it would be better to continue to calm anyone you know not to lose through panic, because even though the market is very volatile but in the end a recovery will always happen.

noorman0

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[Nope]No hype delivers more than hope

Some of the top altcoins following the bitcoin trend fluctuate even higher. Of course this results in bigger profits and losses in a short time. You should switch to day trading or scalping mode for now and don't forget to stop losing each of your trades in order to minimize big losses.
Also, avoid trading coins that have experienced a drastic pumping that is not reasonable due to hype because it can dump at any time while the bullish trend continues.

Harriti

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Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

after the price drop few days ago because of corrections, now the price of cryptocurrency growing again my friend
maybe a huge movements on price will be happend in the near time buddy, so, you don't need to worry

Yes, for sure. But the big change here could be that the price of Bitcoin will drop drastically as people who bought Bitcoin at $ 20,000 sold off in order to get their money back.
In investment, we can not be subjective and just look in one direction like that. We have to set up the most complete trading plan, we must put out the worst and best cases. When we have enough information and data, our trading plan will increase the win rate and your capital will also be safe if the market goes against it. Hopefully this knowledge can help make your trading strategy better buddy.

RealMalatesta

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I still believe in it a lot, I believe altcoin market with the increasing demand for the defi market, will continue to go up. The market found itself a method where people need to keep buying in order to keep profiting and also have a reason not to sell as well, those were the biggest reasons why prices usually went down a lot, but with the defi market now there are staking, liquidity providing, lending and many other stuff that makes people buy and use it, and also same reasons make people not sell and use it instead as well, which makes the prices very high.

This is the reason I honestly believe that there will be some sort of increase coming up, we have already seen most of them increase, but this will not stop since the money injection still continues to this day.

Samurai trieng

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In my opinion, the current state of the altcoin market is still normal, even though many altcoins have decreased and increased ... for example, etherem has decreased a little, and XRP coins have experienced a slight increase, the rest is nothing striking about the altcoin market, maybe this the time to buy coins that have the potential to invest,

Viscore

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Quote from: kidbounty on November 28, 2020, 02:26:00 AM

yesterday I was surprised to see a trend that is changing so fast. but I realized that behind a high uptrend there would always be bubble breaking. but I believe the situation this time only happened because the Whales took profit in the market. look at me altcoins have started to go back up today, I hope this will continue until the new year.

Bitcoin seems trying to break free again, it's climbing fast, trading at $18700 now, and it could rise to $19k soon where it left out.
It will try to break $20k again, and if it surpass that price, the real bull run will start.

It's been a trouble breaking $20k, but let's see if this time bitcoin will succeed.

Still not expecting a new ATH this year, but the way I see, it made me believe that we are closer to that.

darewaller

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My opinion about the situation is the same as it was probably 5 years ago. I still think that there are some (few) decent altcoins that I should invest long term, and I should try to avoid selling them even if they break over the all time high price. That feels like the same thing today as well, now I am not so much against selling certain coins, I invest into some projects early on with a small amount of money and in return I end up with a small amount of profit and I sell them and put that money into the big dogs like btc and eth and wait for them long term.

The rest of the idea stands to this day, just find decent good high level coins and invest to it constantly and consistently in order to have a bigger and bigger portfolio in the long run which has worked so far fortunately.

robelneo

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Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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 probably the most exciting time, for the last three years we did not came close to this one, where the all time high is within reach, it's like a roller coaster ride for all of us, we are excited then we are frustrated than Bitcoin momentum slowed down, but it's still a month and the excitement is still there, we are still going on a roller coaster, I just don't know if we end up on the top of the ride.

sulis sudibyo

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I feel the current market is very good, all green. This is good, since I haven't seen a situation like this in a long time. the last time I saw a situation like this was when bitcoin came back from a very deep crash.
I hope that altcoins can rise higher even though the dominance of bitcoin is very large. This will be very bad, if bitcoin dominance continues to increase. You can see yesterday when suddenly the market started to stop rising. in just a matter of hours all the coins on the market fell including bitcoin.

Japinat

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Quote from: peter0425 on November 29, 2020, 04:54:49 AM

Quote from: qualitywork on November 26, 2020, 01:15:31 PM

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.

Obviously once the Price of Bitcoin Drop the Altcoin will Follow because Investors are also Looking about the strength of The number 1 currency so If the value of BTC dropping mostly They full Out their funds also.

That's the normal trend of the market, we shouldn't be surprise with that.

Quote from: peter0425 on November 29, 2020, 04:54:49 AM

But This is normal in every Bull the Correction will happen because look at the market now while Bitcoin took the $18,000 Price again.
The Market is getting Greener again.

I'm hoping the green market will continue, it falls hard so it will also bounce back hard.
However, I don't want to just follow the hype anyway as it could be a bull trap to entice people on buying coins again.

Quote from: peter0425 on November 29, 2020, 04:54:49 AM

So bother no more instead Keep the Holding and mooning will come any sooner.

Sure, but if you hit the target, better start to dump, and accumulate again when it dip.

Topic: What's your opinion about today's Altcoin market situation? - page 2. (Read 938 times)