What's your opinion about today's Altcoin market situation? - page 3.

peter0425

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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.

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.

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.

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

el kaka22

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It is volatile and risky and at the same time very rewarding as well. I am not sure if I would be capable of doing all the things I am doing right now without the knowledge that I have a decent stream of income and the amount of money I am using in the crypto world doesn't really change my life. If I was risking money I needed, I would have gone crazy with it for sure and that is why I haven't really done it with that kind of money.

Sometimes I deal like 50 dollars or so to small stuff for example, it doesn't really feel like I am risking anything major, it just feels like I am going for that "put 50 in, get 500 out" type of shooting for the starts type of situation and even if I end up wrong, all I can lose is 50 dollars which is not really that big of a deal.

WalkerIVIV

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Quote from: lxiaoh on November 28, 2020, 03:45:14 AM

Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

The correction comes to its end. The bitcoin started to surge again since yesterday. The stabilization of crypto market has come to its end too. More fund management platforms from US have bought more bitcoin again.
That started to bring the crypto users the hype again to pump bitcoin. There are bunch of good news come this day.
20k looks like to be achieved by bitcoin next week maybe.

Sterbens

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Quote from: bocyaj on November 27, 2020, 04:56:38 PM

Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.

risk of being tempted to buy when prices are high. wrong strategy will make someone fall into panic. indeed although there is a possibility that bitcoin will touch the price of $ 20,000, it is still a prediction and who knows when. Just hope Bitcoin hits the new ATH soon, so those who buy it for $ 18,000 remain patient and don't panic easily. This correction is only temporary.

TinaK

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The current situation of altcoin is follow the Bitcoin way, so once it will going moon automatically other altcoins are follow the way. Already we see number of pump and dump in the market, So we must wait for the next ATH in upcoming days. Today market is not bleeding so BTC is again wake up and runs in the green region. But still it is not start the race so we need patient for next hype.
https://www.coindesk.com/price/bitcoin
Most of the altcoins are follow the BTC market ratio, so If we monitor the live chart we will predict the next hype. I think next bull run is possible on next week, so again altcoins are going peak.

Inkdatar

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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.

This is what I have observed that some altcoins are in green marks. So in my opinion, there's a correction take place about the market declined. When you invest in the top alts for sure price could bounce, so for the mean time we could watch and observe the trends since it may possibly continue to increase the following days. Yes, some taking profit and buy back at their certain price goal. However, it is not new it just happen anytime price could decline and may go up.

ethereumhunter

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Quote from: lxiaoh on November 28, 2020, 03:45:14 AM

Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

Yes, the correction comes to the market, and that makes the altcoin market is following down. But these situations will change and the altcoin will have the time to back to increase. Maybe after this, we will see the altcoin season before the bitcoin price sky rocket, and if that really happens, we will make a profit from the altcoin, and we will make another profit from bitcoin. Just be patient for that time because it will happen soon.

bitterguy28

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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.

You are just looking In comparison but what is a repeat?because in 2017 after halving the bull comes?but remember in 2017 that is the effect of 2016 halving meaning after a Year the value moves up.
But don't worry since the prices are still in good position then maybe this is some correction and just waiting for another start of climbing up.

imstillthebest

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you forgot that eth are also the leader of the alt bull that also happened to xrp and xlm . waves are also trying to join the pump game because it was also spotted having a good gains but if its only a corection that is happening between these alts why other alts and toks are affected too ? the drop is not caused by btc either because that would be unfair that other cryptos will only follow the downward movement of btc but not its upward side . it could be the whales , they arent animal but they are like us humans that want to profit too

lxiaoh

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Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

kidbounty

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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.

Teraboy

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Quote from: bocyaj on November 27, 2020, 04:56:38 PM

Quote from: Lore06 on November 27, 2020, 01:13:45 PM

Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.

If they didn't expect the correction to happen and that means if they are lack of knowledge about the crypto trade.
The previoud dump caused by the correction that has been made by the whale and it looks very good to see bitcoin can still stand above 17k position. if bitcoin can sustain in this level even longer and there are possibilities bitcoin could go even higher than before. The next pump will be started from the current rate.

posi

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Quote from: MiningBattalion on November 27, 2020, 05:32:15 PM

Quote from: bocyaj on November 27, 2020, 04:56:38 PM

Quote from: Lore06 on November 27, 2020, 01:13:45 PM

Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.

Due to the fall in bitcoin and Ethereum price, the altcoin market collapsed.So it may be a right time to buy a trusted altcoin at the cheap price as much you can.But you should not get into the selling of altcoin at this time.It will make you to lose a money.

MiningBattalion, you are absolutely right and this is what most people in the crypto investment dont understand instead of them to buy low now that the market have experienced market correction, they will be complaining on something that have already happen which cant be rectify.
With that been said, if you guys check the historical data of Bitcoin market when ATH is almost achieve market correction always happen for the last chance of buying low which is what we are see now.

MiningBattalion

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Quote from: bocyaj on November 27, 2020, 04:56:38 PM

Quote from: Lore06 on November 27, 2020, 01:13:45 PM

Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.

Due to the fall in bitcoin and Ethereum price, the altcoin market collapsed.So it may be a right time to buy a trusted altcoin at the cheap price as much you can.But you should not get into the selling of altcoin at this time.It will make you to lose a money.

bocyaj

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Quote from: Lore06 on November 27, 2020, 01:13:45 PM

Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

Not only you most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.But it may change at any time.Patience is a needed one in this altcoin investment while compared to bitcoin trading.

qualitywork

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Quote from: Lore06 on November 27, 2020, 01:13:45 PM

Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

Yes the bitcoin's value has direct effect on the value of altcoins and that's probably the reason for slump in the value of altcoins as well and I feel Bitcoin will not go below $15,000 as it looks like a border of resistance and if it was really a correction then within weeks he value of Bitcoin should start increasing which will be a good news for both Bitcoin as well as altcoin holdlers since the growth of Bitcoin is directly proportional to pump in the value of altcoins.

Lore06

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Honestly, I didn't expect the price of bitcoin to fall this deep, is it still reasonable if it's just a price correction? because previously I thought bitcoin would not drop below $ 18k, But now it looks like it's going to go deeper.
Altcoins are also of course affected by the decline in bitcoin prices.

GrayFullbuster

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Quote from: n0ne on November 27, 2020, 05:16:09 AM

Just because the market is showing signs of growth we can't conclude it is bullish. The market can move in unpredicted direction which is why cryptocurrencies are stated as high risk investment/assets. There is no big price move with altcoins during the beginning days of the recent bullish market making i

The current dropping that we will now enter in bull market, actually it is just retracing and for me what's happening is still healthy. For me what's happening can be a reason why it is not always good to enter in cryptocurrencies, for sure that the people who bought at the recent peak are now incurring losses. Buying at dips maybe a good strategy as long as we have a proper planning where we are managing our risks very well. I want to see that the price will react and start increasing again.

bitjoin

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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.

The fall in altcoin prices because bitcoin prices are falling, you can see how the chart movement in the market, Altcoin prices always follow bitcoin price movements, if bitcoin price goes up, then the altcoin price also goes up, and vice versa. Be assured, after the correction occurs, the altcoin price will improve again, this is the perfect time to build your portfolio, prepare your goods before the ship sails.

bttmember

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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.

Even if you see 2017 bulls even during that we saw big dips on the way up so this time it is the same and do expect bullish trend to continue so dips and corrections do not really matter for long run.

Topic: What's your opinion about today's Altcoin market situation? - page 3. (Read 940 times)