Bitcoin Forum

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

not only Link and XTZ my friend but most of good and solid altcoins project growing now,
hope this positive trend on crypto price will continues and we will see another high in price in the next few weeks from now

As the saying goes, "buy when there is blood on the streets", so recently we have seen some good alts that likely bottom up, so this could be a great opportunity to scope some cheap coins again and hold into it. We are still far the bull run that we are expecting, 2021 will be the year wherein we can see similar patterns like 2017. But before buying any alts, you still need to do your own investigations and not just buy everything that is hype, do you due diligence still.

There are many others that have been plummeting, you only need to look at those altcoins if you're eyeing for them. But we can see that bitcoin has corrected from $15xxx+ down for $14,600 and this is a good sign for those people waiting to catch up a lower price. The price could still be higher than what they can think of but if they will analyze it and looking for farther price, it's now time to catch up and buy some bitcoins if they don't wanna miss out the ride.

This cannot be said about all altcoins because every coin is different and unique and also going through different phase of development so it is not that simple but we can say that all the top or reputed alts seem to be bottomed out and next few months seem bullish for them.

Not because we saw that altcoins are declining we can say they are already at bottomed out. No, not like that. Most altcoins drop as Bitcoin plummeting but look at how those high potential altcoins, they were still able to cope up. Likely, those coins that OP had mentioned have been dropped by investors. Mostly, these kinds of coins are usually will suffer bloodbath, that is why investors will never choose them but just being ignored and look for more potential and known coins.

The main altcoins are rallying and what makes you think that the coins that are bottoming out will rally in the distant future, in the past we usually see the altcoin rally well after the bitcoin rally but things are changing with time and we are not certain how the market will behave next year and if you are able to take some risk then there is nothing wrong in investing in these coins.

There’s no negative impact on altcoins because if you look at the market some was able to pump as well along with bitcoin and beside, we cannot blame bitcoin for being incompetent of most of the altcoins. Well, if you are talking about DeFi some of them is still pumping meaning they have a real business here in the market.

Pumping doesn't mean have a real business, because we know so many Defi project pump only because of hype.
Well if we see altcoin now, we can't say the traders will earn huge profit if they buy now because we don't how deep will dump, so before taking action to buy at the current price you also must prepare yourself if the price deeper

I don't think that the altcoin market has bottomed out for the year as the holiday season is fast approaching. I'm cautious because institutional funds may have to be moved out and away which coiners may see as another red flag causing another dump. Moreover, we don't yet know the stance of the new president-elect of the USA on crypto.

It's not. The correct time to buy should be when those coins were getting their bottom price. Did you see the the rule investing in the cryptocurrency? if you didn't yet see that and just try to remember if the only best time for you to invest in the crypto when it was getting dumped so hard. When there's a signal for crypto will be bottomed out and it will always become the best time to shorting the coin.
This will bring your position into the high risk.

are you sure about this? I am seeing different with the crypto that you, OP had been mention. Most alts will do good especially if bitcoin will have a good market. As we all.know that the value of these altcoins are also being assessed through bitcoin market. This is why majority of the altcoin will go strong if bitcoin market is good and sometimes it will go dump when bitcoin market is bad. All or most are depeding on bitcoin market.

If you see the bottom and believe on it, you’d better start buying now before its too late because the market will continue to go up after this correction and Bitcoin made a strong statement on that one. If those DeFi will continue the hype, then its easy for them to pump after bottomed out just like YFI who is doing good again right now.

This is our chance to buy good coins/tokens, they dumped again and we will surely get it at a cheaper price and after months of holding, profit will come to us so its just a matter of time before it rise again. If you have more fund to spend for now is the best time but of course you still have to analyze the market and know what coins/tokens to buy, take the risk now or never.

Altcoins do not always follow the flow of price movements from bitcoin, no one can guarantee their price movements, the most important thing is that if you have altcoins you have to be careful because the price movements are unpredictable, if you see bitcoin rising and then altcoin prices go up. because traders who have large capital use altcoins, one way to send assets to several exchanges because they take advantage of differences in bitcoin prices to make a profit.

Yes, it seem the alts are catching up with the Bitcoin pump now

it depends which altcoins we're talking about, the scam ones will never see bottom, it will see nothing and your investment go to zero. that's the bottom.

LINK has been pumping ever since and it's only last month if I'm not mistaken that it took a dive, but wasn't able to recover, and then BTC goes on a massive pump, pulling some of the altcoins price as well.

Traders are smart this days, they're not just going to invest and hope for a huge profit is they see that the project is shit anyways. It's safe to say that maybe DOT or any others that in the bottom half of the top ten coins could be worth, but still no guarantee to book huge profits unless you are part of a pump and dump schemes.

Not only Link, Xtz or Go, but almost all altcoins if you look at the BTC pairs all at the bottom, most likely the price will go up when the BTC Dominance goes down,
For now save altcoins and wait for Dominance Bitcoin to drop below 63, if the support area breaks there is a chance that Altseason will occur.
https://i.imgur.com/RsnRmgN.png

Cant still say that it is the bottom what happens if btc suddenly drops in value then those alt gains will pretty much be gone in an instant. Its better to play it safe buy in the dips and not risking all of my money.

lowest price? If you look from the first listing on the market, you will probably think again. I think it's not good to buy altcoins right now, better focus on big coins until this rally is over. bitcoin, ethereum and other large coins are still unstable, and it is particularly prone to buying altcoins when they are not showing signs of stability.

Bitcoin and etherium are now in a good position in the market if most traders are investing in these two currencies then investing in altcoin is not a good time now i don't think these will give huge profits in case of low demand and low prices. BTC price has not had a negative impact on the market bitcoin price increase has improved a lot in the crypto market as the price of bitcoin rises so will the prices of other currencies but now is not the time to invest in altcoin.

I see that most of the good altcoins are capable of going up in good time, with good signals in the past that the market is continuously receiving money from outside. I believe that most altcoins in the top 20 are likely to increase in price, with the participation of the giant paypal this will be a step to create momentum for more giants in the economy to participate into this field.

Some of those Altcoins are not participating in this current surge while the other Altcoins have also increased their price due to the investor's demand. Most of the time when the price of bitcoin is rising, all of the sudden, those other Altcoins are raising their prices as well. Because some investor believes that those Altcoins won't gonna fall down and they will earn higher than investing on Bitcoin. while the other Altcoins are surging its price, there are others who don't even budge and continue to fall down even though the market is celebrating its green days. that's one indication that those Altcoins are not worth to invest our money with.

The reason why only few altcoins that are currently trending is because most of the investors and traders are in bitcoins, look at the volume of the bitcoin; it only means that there is something cooking wherein whales and a lot of institutions are starting to acquire bitcoin. The bitcoin also surpassed one of the key levels and it considered as good because finally the market is now bullish. Look at many altcoins especially the shitcoins in the market, they keep dumping so right now avoid acquiring altcoins because it is risky especially today wherein investors and traders are switching in bitcoin because it is currently trending.

For Links already have a high increase, don't take the risk to enter in the LINK,
we know that Link is included in the Defi category and makes LINK able to go up 2x,
of course this is the history of altcoin this year which has a large market cap that is able to increase.

We will see real alts bottom only on the highest btc price point

Some alts died long time ago (years ago) and never recovered from there.

When we talk about alts, nothing is certain. (actually nothing is certain for any crypto out there) They may recover when you least expect and can even make new ATH's.

Back to the supported altcoins.
That's all I can think of when BTC price is starting to be dumped again.
$500 down in just hours and I think some traders may have enough to take profits by now.

Although, to pinpoint the right altcoin into where they will go back is a difficult task.
Then, who knows if this is just another fluctuation and BTC might still grow in a week making the alts cheaper.  ;)

I believe that this moment of entry to the newcomers' market helps in understanding the cycle we've seen since the olden days. I think the boom will be 2021, the market will be more selective and the pointless projects will be scrapped. I think that in the crypto space there won't be as many currencies as we are now, we will have access to the best of blockchain in the market. And now me and everyone else, we tend to get this market strong and explosive.

It is never easy to separate scam from the good ones. If they are not scams then they are non-starter and non-monetizable like Ark, Lisk, Bitshares or the plenty of others that have a history on this forum but never really made it big. The fundamental question always remains that what exactly do alts have to offer when there is BTC and ETH for every possible blockchain use-case there can be.

LOL. Tell us which one of YOUR alts died. I mean we all should be a bit candid sometimes and talk about our own shitty or crazy experiences with Alts. Nobody ever talks about them. I ask this because this particular post of yours seem to come from a place of having been through the roller-coaster of hoping that maybe ONE of your alts will moon like you thought..

accumulation is good to do in the current situation, because the price is very volatile,
I suggest that we can see the market in real time, wait until everything is normal,
or maybe the accumulation in altcoins can also be done in the current situation, because altcoin in bottom zone.

You are absolutely tight. The scam coins will never see the light of the day and people who invested in them will never recover their losses. I am talking about the good alt coins which will certainly go 10 t0 100X

Altcoins are also growing in price now and many altcoins have grown in several times during this period of time when the price of bitcoin was growing incredibly, so altcoins will still show themselves and most likely by the end of this year altcoins will grow even more, so take a closer look at those altcoins in which you wanted to invest while there is still a chance before another pump.

Ongoing signs proves us that a new uptrend is starting and it will actually be very impressive around 2021, in 2020 see the defi trend we have seen many projects. It grew terribly fast, and by far the hype about defi was no longer common. The Defi projects are running out of money and I see everyone looking at BTC right now, maybe it's not time to get started with altcoins but soon we will see altcoins increase BTC.

The best strategy is to trade altcoins when they are make double triple bottom and book profit when they go 20-25 up from your buying price and never fall in love with any coin including BTC.

. Some Btc mined since years ago has been on the move yesterday, this made BTC to dump below $14.4k. This affects altcoins even the ones that hasn't really made any move when Bitcoin and ethereum made a significant move to the upside. I'm expecting more sales from old wallet
I can't hold alts with Btc at this points, it can affect altcoins either way except if altcoins dominance will increases, with that, we may have a new mini altcoin season.

No One knows that there always could be deeper and also higher , if you are long enough in crypto and have seen 2017, everyone would think altcoins would go higher and there was a bubble that burst in 2018 and 2019, they thought there is no deeper but there was ,always was, some altcoins dead officially and people lost money due to holding shitcoins because they thought they would go up but for most of them never happened, the same thing happened to me too when I held a bag of shitcoins and most of them are dead, but only the best ones could survive , So take out the profit when you can and cut the greed.

don't buy altcoins just yet, look at the domination is still 64%, this is very high for altcoins,
and altcoins have a big impact on this dominance, if you can read the chart,
you have to analyze the dominance of bitcoin first before buying altcoins.

The major difference between the current Rally and rally of 2017 is that now only good projects with inherent value will out perform. The coins which produce good cash flow for investors. In 2017 every project raised huge fund with only white paper.

indeed now it's not ready to go up, but some have gone up like AAVE,
AAVE performance so far has followed Bitcoin's rise, of course this is a good signal to altcoins,
that there is still a chance for altcoins to go up.

yes, a lot of altcoins now getting out from the bear, wich indicating if the bull already come back
if this positive trend on crypto world continues, for sure next year a lot of altcoins will create new ATH

It was but the prices have slowly and steadily increased over 2019 and 2020. And to add on that, we recently had a price hike on most of the coins. Tough I'm not claiming it's a high point or there would not be larger bull but anyone not buying on 2019 and early 2020 have already missed a large profit. It's time the think and plan as the price could move any directions.

the more btc prices soar, the more altcoin prices drop. The risk of trading in altcoins is like that, less promising, the position depends on how popular it is at the time. not only Link and Xtz, there are still plenty of altcoins left behind watching bitcoin soar to high prices.
but there is always a good chance, maybe someday altcoins will also soar in price though don't expect a large price benchmark. just take advantage of the altcoin position if the feeling has gone up not too long. there is an opportunity to make the most of it.

for now we can say its bottomed out and those that bought at dips back are in profit now. there will be still be some stages of dip but might not be like the ones we have seen. after the supposed bull market momentum, we shall be entering into another set of dip. this is just my prediction but seems thats how it happens.

I still hold the Bitsend and Bitcore that I got from their airdrops.

The BSD I still own used to be worth something like $2k at some point when BSD was ~$2 a piece and the same amount of BSD is now only worth $3.

Yes 3 fiddy.

No K's at the end.

I waited for them to moon again in the next altcoin craze which never happened.

They just died.

I got a few others too and they do surprisingly good but ofc not as good as btc. mf went full moon lately.

I have said we are going to bottom this month and anyone interested in Crypto as an investment should buy now, you might not be able to get these coins at cheaper price than this again, remember the next Stimulus check is coming and part of these money is going to enter into the space, the only reason we might see another dip is if we have the crazy dump we saw in March about another hack or something but the likelihood is very small

Yes, it happened last December. Prices were low also this year in March, because of covid-19 lockout fear. Prices went mainly up this year. There were corrections last few weeks.

The market cap of bitcoin is currently sitting at 63% and while this could be the end of the bad season for the altcoin market I do not think it is, lets think this carefully, bitcoin is above 15k on November, do not you think that a great deal of traders and investors are putting all their attention on bitcoin and seeing if it can surpass its previous ATH? The moment bitcoin surpasses 17k we are going to see many people selling their altcoin holdings and investing everything in bitcoin thinking that a new ATH is imminent, and when that happens the altcoin market will collapse.

Most of the altcoins have bottomed out for sure and now they are trying to find a new direction which is obviously upwards but if the bitcoin starts going really parabolic we may see a stress and stagnant phase for altcoins till btc settles or find new peak so stay alert with the market if you are trading alts.

Most of them are doing decent weekly, we had a big crash before, then it recovered and increased so much and even though we went down again now we are still up in many of them for weekly returns. That is all you should be looking at, altcoins have made on average 4-5% return in just one week, that is only one week.

Millions of people out there still trying to make this kind of money for yearly returns, banks do not give you 5% returns for a year, you may focus on being a better trader to get 5% returns in stock market, but in reality, there is nothing that makes you 5% profit this quickly. This is why I think it is vitally important that we focus on altcoins not when they are bottomed out, but when they are hyped as well, try to pick real good ones and be very very long on them.

When it comes to altcoins, we must be very actively trading them or look into them as they can do exit in the market when they wanted. There are already known projects before that we all thought are good ones but just left their investors hanging. Alts were good for trading, others were able to earn by trading them often that holding them. My fault before is I choose to hold them thinking that just like bitcoin they can arise in price when crypto adoption happens but it's only applicable in some other alt coins, others were just meant to be Delisted and gone.

There is no connection here. Bitcoin ups and downs are simply seen better as the cryptocurrency (one BTC) is very expensive. I guess, when all this fuss around the USA election comes down, alts (the best ones) will be more positive.

Buying on reds doesnt guarantee you to make profits and also how can you consider to have the price to be already on bottom?
This had been also a question for all of us when we do tend to buy a certain coin.We cant be sure if its already on bottom price or not
this is why each decision would make will really require out some risk for you to take. Bitcoin is rallying which most of the time do
affect alts when it comes to its price but somehow there are alts whom do able to go along with it.

It is too early to talk about the bottom at this price point, the market is still on the uptrend mood. The small recovery attacks by bears don't change anything and the general market circumstances are still in favour of bulls. Maybe after the hitting $17000 price tag, the price can go to test the support lines below $12000. The bottom price can be $9000 sooner because there are many gaps in the support line between $9000- $10000.

Most altcoins are not increasing and not following the growth of bitcoin but it doesnt mean these alts (specially the good one) are going to be left behind. Thats why we have this alts season, the time where altcoins are skyrocketing like what happened early of 2018. Bitcoin already step down after reaching its ath but alts continue to soar high. It will going to happen again in the future so for now be patient and buy additional coins to hold, who knows alts market might turn green in the coming days or early next year.

I agree, most of my coins are still green and not yet dump, even though my coin is not belong to the top 10 still the price is stable, if bitcoi goes up, it is really affects the price of each token but it will not bottomed that coin, maybe it will be dump a little bit or goes down its price for a certain time then it will pump again, that is what I observed now.

You are right, but what if there will be correction tomorrow for BTC? it may again drag the market down and new bottoms can be seen. However, I also see the opportunity to invest in those but with caution.

This has happened repeatedly to see the altcoins market experience a price decline due to the effect of rising Bitcoin prices.
It is very difficult to determine whether the altcoins have reached bottomed out or not. Because the cryptocurrency market this
year is unpredictable, so if you are not sure that the altcoins are already bottomed out, you can buy altcoins at the current price
in a gradual manner. So when the price goes down you can buy the altcoins again at a cheaper price.

If bitcoin will face another correction and altcoin will be following it too. The dump that happened with bitcoin will be actually affecting the whole of crypto market. I didn't even think that the dump that will be caused by bitcoin will bring crypto to the new bottom. if you meant about All time bottom price for crypto and it's impossible to happen.
We should use our sense too.

I think we could earn huge profits next year from top altcoins. This is only possible from new altcoins. Huge profits we shouldn't expect from all new altcoins. We know that most of them are scams. Still I think altcoins price is so much below than ICO price even also some top altcoins.

Dude, if you are watching the whole chart of altcoins and you will know that if altcoins and all of crypto coins have been going out from its bottom.
You must also see when crypto was getting the bottom and it should be around Q1 of this year. hence crypto is going to the moon again and that means if crypto should have gone out from its bottom position.
Just try to understand the current position of crypto.

It is difficult to call bottom for alt market. Defi led the baby bull in the alt market and majority had lost a huge size of their price in the past few weeks. However, ethereum still retain a good close distance from the year price height, which is a good stats for a coin that leads the altseason. Most of the coin in the top coinmarketcap that are over 3 years are still quiet with price movement this year, the price movement had been controlled in USD value and I see better development in few weeks

You have to know what the sudden increase in the price of BTC was because of what the effect was, because if we look at the effect on some Altcoins there are, including Altcoins that you say, but very few, because others will also follow the trend of BTC such as ETH, XRP, TRX , LTC and others.

There is no relationship, but the influence of the ups and downs of BTC prices in the market remains with Altcoins, although not so much, despite the commotion surrounding the US election, we must also look at things that have happened in the market in the past, despite the commotion happening in the US could also be a trigger.

We are all waiting for a new bull cycle, many predictions have been made and said the market will be strong this year, but I see the impact of the epidemic having a strong impact on crypto. But seeing the change recently, I see that we are about to see this market boom. As for ETH, it is still the top choice for many people to hold, I also think that with ETH there will be a lot of fun in the near future when ETH 2.0 launches.

No doubt that the current pandemic affects the whole market not only crypto but all other venues of investment.

Though we already seeing good market movement and little by little alts are also getting good run, in regards to ETH as expected being next to bitcoin, traders and investors are investing since there's already solid foundation and with this incoming ETH 2.0 the hope of getting much higher value gives some shed to investors who are aiming for long term investment.

altcoins are more lighter than btc and the alts bottom can also be lighter . almost 90 percent of alts are dumping and i think we can consider that as thier bottom  . i dont see defi impacted the altcoins but defi can have an impact only to defi coins . alts are dumping but im not sure if that dump is caused by defi  .

 eth on the other hand is the only one that excel and if this is the only key to trigger alts and tokens season then its not bad to sacrifice a little value of other coins . maybe the anticipated eth/alt season will happen once eth absorb more value from the other coins and when the moment it reaches over 500 usd

Top coin is still one of the best choices at the moment. Since sharks as well as financial institutions are only targeting Bitcoin, they are constantly pushing the price of Bitcoin to imbalance the market.
But I think after the investment fever was over, then the market started to balance again and the top coins went up again. That list of altcoins will be Ethereum, Link, Tezos, BNB, ... so it's a good time to buy Altcoins and wait for it to come back to ATH :)

I don't agree with you on this point, obviously this market is focusing the most attention on BTC, the volatility of BTC will definitely affect the altcoins, but the problem I think the market will not develop. For all cryptocurrencies, I see as people are slowly accepting BTC, large corporations have a lot of fun signals related to the market when they join and that's when it causes BTC to up first, and the money from altcoin will be converted to BTC.

Crypto currencies will never reach the bottom, once you decide that the bottom is reached and you need to buy an asset, because it is at record low positions so immediately this asset falls even more times, updating its fall records. This market is as unpredictable and highly volatile as possible, so never risk the entire investment portfolio, distribute the risks.

yes you are right and now is the right time to invest in cryptocurrency and don't be too late to invest in cryptocurrency, so that you will lose your opportunity to get profit, but my advice is that you better invest in coin that are in the top 100 coinmarketcap, because the risk is smaller and of course the price will definitely increase, so you will get profit in the future.

if Bitcoin is sideways it is likely that the altcoin will go up,
but if Bitcoin fails to hold on to support we know what will happen, the Dump will continue,
I suggest we don't make decisions too quickly.

Can't really confirm if market is bottomed out as a daily retracement chart is needed
We can check this when Bitcoin retrace

If the alts is able to hold in it's recent swing low price and bounce back
Market for Alts are likely to bottomed