Bitcoin Forum

BTC made correction so , is it right time to buy altcoin ??? ???

As many have mentioned about this, i think this is really the time for the whole market to re-price and if you have gone through the BTC bull run before then you will see it quite similar and it seems like is repeating. But the advice here is that if you have invested in it, you need to determine that your money can also lose or lose nothing.

It depends on what kind of altcoins that you will buy, if you will buy a shitcoins then I'm sorry to say that there is no right time to buy that kind of coin but if you will buy a established coin where it has now good reputation then for me it can be a factor to buy now but there are still factors that you should carefully analyze before you press the buy button. Not all of altcoins are good and it is the reason why we should carefully select the best of the best. In my criteria I first check the market capitalization, if the market cap is too low then I will avoid it but if the market cap is too high then for me it is good. The spread is also a matter because what I want in altcoins have only low spread indication good volume and liquidity.

For me its not good to buy, Because I watched the whole market since the lock down has implemented to our country. Its too expensive to buy altcoins its better to wait the market to calm again like bitcoin drops at 7k$ so the whole market goes back to normal again and that is the good time to buy altcoins.

Must have good experience about the market before investing the best way to invest in a currency is to look at the market conditions and choose the right currency it is very difficult to determine whether it is the right time to buy altcoin it cannot be said when a currency rises in the market. But bitcoin is currently performing better than other altcoin currencies in the market everyone is investing in bitcoin which is why the demand for other altcoins is much lower would be best to invest in currency by analyzing the market.

Don't be one of those who love to chase price. That's a bad investment or trading strategy. It's good to always buy on the rumour of news than the actual news. If you haven't bought any altcoin of your choice till now, you're on the verge of missing out on them. Most altcoins are already appreciating in value and price and I hope those you're targeting aren't among them yet. Remember that bull run for Bitcoin always propels altcoins, especially after the mandatory correction has taken effect.

It relies upon which altcoins you wanna to buy and how much FREE money you have at the time. But, before making any attempts do some research might be a good idea. I can’t help you if you won't express your feelings, investment on cryptocurrency taking lot of time to get good return so don't expect you gonna get rich by next month.

I would not rush to this, nothing is clear about bitcoin yet. Altcoins are worth buying when Bitcoin starts to rise again or when it drops to $ 15,000. I am currently sitting in USDT and watching the market.

If you want to buy at right now, you can buy some Altcoins that haven't have a strong price increasing recent days such as IOTA, NEO,...and stay away from Ripple, XLM, ADA, or ETH because they increased almost of the cycle and be making adjustments before keeping increase

Yes it is and why not? at least you must try to buy some coins even if that was not a lot of amounts and it's worth to bet on the crypto that can recover anytime.
More institutional investors were coming to the crypto market and that could be the main reason to bet more into the crypto. There will be massive adoption too.

I completely agree with this point that we should buy altcoin, looking back at the market we had a long time waiting for the market to come back. And nowhere else the market has a very clear upward trend at this time and i also think it is difficult for the market to decline deeply.

Yes, it only corrected to keep going up in price!
BITCOIN will go up all of 2021 yet!
His market record right now is at its highs like 2014 and 2017 with his Halving!
Every 3 years Bitcoin has a rise ...
Here is the analysis of an excellent trader:


https://i.imgur.com/wTFT0ch.jpg

"Buy when there is blood in the street".

And with that said, probably yes, but just purchase Altcoins that has good fundamentals, like coins in the top 10 so that once we have bounce back from this, I'm sure you can get at least a good profit and not invest on a coin that is just for pure pump-and-dump scheme.

Ethereum for one is making a significant gains as well, so is ADA and XRP (although both of them has some positive news around causing the price to spike recently). So make your own investigation and hurry up, we don't know, maybe in the next couple of days bitcoin will recover and goes to $19k again, bring some alts with it.

I have always thought that every time is the right time to buy altcoins; for me, there is no wrong time or a right time. because i suppose as investors; you do not just wake up and decide to buy this, or buy that or invest there. Investing in an altcoins means you hae done concrete researches about the token; understand how it reacts to market emotions and price reactions before investing in it.

But if you simply buy an altcoin because bitcoin price corrected; then you are on your own.

I agree. to invest or buy altcoins, we should choose the one at the top of the market cap. Altcoins that are at the top of the market cap have large volume and liquidity. So it is very suitable to be stored until the arrival of the Alts season.

Many people are comfortably in USDT now, waiting for the right moment to get in, but the issue is, when is the right time, this is what no one knows, although people can try to predict it. During times like this, many people asks this question and also during times like this, sometimes, you might go for altcoins only for it go down more. So my simple suggestion is, watch the market more, but before then take note of the altcoin or altcoins you want to buy, make sure the altcoin is a good one, such that even if the price drops more, when the market changes positively, it will grow with the market as well. So when you have taken note of the altcoin, then study the market, most especially Bitcoin movement, because it determines a lot.

I don't think like you, there have been many bullish forecasts for both altcoins as well as downs, and i think it's time to re-read the market for stronger bulls in the future. I have also decided to buy myself a small amount of altcoin to hold, and i hope what we expect of this market to happen soon.

I decided to switch my bitcoin to ripple after a recent correction. Now, my losses are almost covered before BTC even returns to the above $19k mark. This isn't trading advice, but y'all need to consider ripple as well as I only see the good potential. I think some people's predictions are correct, xrp will touch $1 when bitcoin has its new ATH later.

Yes this is the right time to buy Altcoins. Altcoins will blow up very soon as soon as btc will stable . So if you have any plan to buy altcoins buy it now .This is the time where you pick your favorite alts and buy for the long term.

We are at a critical moment right now because Bitcoins movement is somewhat unstable where you can noticed that yesterdays price was around $18,600. There's a possibility that Bitcoin would dump to $15,000 and it will hugely affect the price of altcoins. I'd say just test the waters for now and don't invest in an altcoin that is pretty new or doesn't have much reputation.

But if we maintain above $17,000+, then there's a big chance that Bitcoin would beat ATH this December.

I do not think that now is the time to invest in altcoins, because the correction of the entire cryptocurrency market was very small and there will probably still be a serious correction in the near future, so I advise you to wait a little longer and after the next correction you can start investing in altcoins.

I agree with you, if you want to take advantage of the current market situation we have to be smart in choosing what is feasible and what is not, because basically we don't really know the basis of the correction of each altcoin.

Depend on altcoin that you choose, indeed almost altcoin price will move depend on bitcoin price movement but there are some altcoin which have its own movement. As an example sushi coin, yesterday when bitcoin price decrease but not with sushi. This coin was increasing for almost 27% and until now it still increase.

The bull run market have made almost altcoin increase for more than 100%, look XRP and XLM price movement before the bull run came. So, I don't think this is a good time to buy altcoin especially if you choose for long term investment, but if you choose for short term investment or for trading purpose it's never too late to start you still have a high chance to gain profit.

In my opinion, there is no right or wrong time to invest in altcoin. As it depends on the altcoin that you want to invest with and as long as you are practicing the simple rule of trading - buy low, sell high. You are good as a trader. You can even get profits the day you bought your alt, if you will see that the price goes up, you can sell it. But it depends on your goal here, intermittent trading will also give you good profits.

Btc is not the only one who have correction in price,

Most altcoins did, as you can see, the price of every crypto in the market is lower than the previous days. Right now, there is no one who can say if the market will continue to go down or it will recover in the next following days. Right now, I think it is good to wait for the next movement of the market before you buy altcoins.

I think it's hard to time the market perfect. I believe crypto long term will go up. I also think we are in the beginning of a bullrun, this was just some profit taking.

News are starting to spread in general media about crypto now, and with that comes FOMO.

It is good time to buy altcoins, along with the price correction of bitcoin altcoins were also experiencing drop in the market price. We don't know how the market is going to change in the upcoming weeks. Upon the hope we can make positive price prediction and go for a buying. If we get to see growth, surely we can profit in a short time period and if there is no growth one needs patience to hold until reaching a bigger price.

Price could dip a bit more but in general, this whole dip is like giving a chance for the nonholders of BTC and altcoins nonholder to just buy some of the cryptocurrency for long term hold because the bullrun and altcoin season will take months of gains. This is a good chance for you to recover the loss made since the bear market started.

There is no certain time when it will bounce back, it could either rise up again after dipping the $15k or will just go right up any movement now.

buy or not is your own decision, I say now is the best time to buy...
market corrections do not always occur, currently almost all cryptocurrencies are 'red' because the price of Bitcoin is down. buy it now if you have more money.

If you are beginner in crypto industry, you must plan the trading strategy because of market is always unstable so we expect anytime rapid hype and sudden drop on crypto trading. This is the right time for day trading so you can plan for short term or mid term trading you must analyse the long term growth of the altcoin and plan to invest in upcoming days. This ATH was temporarily dropped so if you active in 24/7 you will find the better altcoin.

Bitcoin underwent a big correction, now it is under $ 17k, and yesterday was at $ 16k,
of course if the strong support at $ 16k is broken, it will be bad for everyone,
just accumulate altcoins and hold.

It is true that BTC is currently correcting, and this is a really good moment to look at and buy Altcoins, but remember to never buy a bad Altcoin on an exchange, so if you are not good at judging how Altcoins are progressing don't ever buy them, because things like this which is very risky for you in the future. It's better to ask someone around you who is more familiar with the world of Altcoin trading, that way you can find out which Altcoin you should buy there.

Trading strategy is important, you cannot just buy without knowing the strategy on how you will enter and when to enter. The right time to buy altcoins is when you have right planning wherein you understand and can cough up different scenarios. Buying altcoins are good as long as you have right planning.

That's right, yesterday and today the price of Bitcoin is going down and this makes Altcoin price go down too, so this is a good opportunity to invest in Altcoin and get big profits, because I'm sure that soon the price of cryptocurrency (Bitcoin and Altcoin) will start to increase again and maybe at that time there will also be a bull run, so don't neglect the current opportunities to buy Bitcoin or Altcoin to make a profits.

Market volatility cannot predict when the time is right on target to invest, the market movement only recovers 1% and it is good for short term investment to get profit. We are still waiting for the correction low to decide to buy back the coin.

Buying at dips are actually good strategy because the general market movement is currently retracing. I'm looking forward to see a perfect opportunity for me to entry with perfect execution. Buying good altcoins are really as long as it have a high volume and good liquidity. There is a risks but you can manage if you will invest un your knowledge.

Quite surprising, but I think the drastic drop in prices yesterday is still in the "normal" range. I think Bitcoin will drop one more time, maybe up to $14k? I'm not really sure. after that it may go up again and the bullish trend will be stronger. Ofcourse the option to buy altcoins during the dip is great, but one should look at the situation

becarefull with your statement dude, we know most of cryptocurrency price now drop sharply and maybe still continue in next few days. "right time " was not correct word to describe good time and didnt explain to us in which price we should enter to market. i am prefer to said wait till its hit bottom in this bullish trend.

That will be up to you because we have different analysis, which will happen to the other people.
But for me, I think it is the right time to buy the top 10 altcoin list and hold it for a while.
If you want to buy the altcoin, you need to analyze to find which coin will be potential for you. Your potential altcoin will not be the same as other people, so you need to find it yourself.
Maybe it is not easy to find one or more altcoins, but I think that will be worth it for you as we know that the altcoin season will come soon.
While the bitcoin price is still at the correction, you can find the potential coin by analyzing every coin you think will increase later.
But you need to be careful and don't follow other people's suggestions to find the coin before you analyze the coin.

If Bitcoin made a correction so altcoin will follow it, and YES the right time to buy, but you don't know when exactly the right time, right? So if you think that the coin already dump and you though will pump for several days, so don't miss to buy it, because some people try to buy dip but the coin cant reach their target

Oh come on, where were you the last month? The whole market was like 20-50% down the current price for the altcoins. I have seen people get activated about the altcoins when they see market boom. Practically that is the wrong time to enter the market.

You get into this river when it's flowing steadily and there are not much ups and downs. Specifically when bitcoin is sleeping and much lesser active than the current fluctuations. Thats the perfect sign not to miss the entry point.

Just check the top 10-15 coins. If you closely look then most of them are 10% plus green. Rest came up, and now down again. I would be least interested to buy at this point unless bitcoin makes it home to last month's value.  :D

The correction is a way for crypto to stabilize its price and prepare for the next news that will come to create FOMO.
When people are still believing in the crypto and they will load more and more crypto. The sky was the limit and crypto can go even higher than before when there was big news to create FOMO.
Some experts have also predicted about the next surprise for the crypto holders.
There are so many newbies joining in this pump too.

currently, the price of bitcoin and several cryptocurrencies is experiencing a decline in price, and maybe some people will argue that now is the right time to buy and without thinking they will usually buy a number of altcoins but without realizing it they end up losing because it could be a correction in bitcoin / altcoin prices will continue to happen and can even reach its lowest price point, in my opinion, the right time to buy bitcoin or altcoin is when the potential price is moving up and selling it when the altcoin price starts and to be stop on the price wall.

I always find it pretty hard to decide when the best point is to buy in. If you wait too long and hope for a drop, you might miss the perfect entry point. If you fomo in, then it could be that others dump on you. I would suggest to split your investment over multiple days. So this way you can DCA your positions and you aren't that mad when the price drops right after you bought in.

Sometimes we always think that when the price goes down  it is the right time to buy. But I think we should always look on the situation on the market so that it will not lead us to some bad decisions.

I think it is not right time to buy Altcoin. Because Bitcoin is in dumping mood, if it continues Altcoins go down more, we buy altcoins in parts in every dip. in this way we can manage a good buying range of Altcoins and in every up take profit.

it depends on the altcoins and the research you do because later when bitcoin is stable not all altcoins will experience a surge, so still be careful choosing altcoins even if you feel if this is the right time

I am still holding with ethereum because last day I bought on higher price and now keep wait again until back above $600, maybe if I have much money I will buy back ethereum and bitcoin because right now is good time to get back much profit during bitcoin and altcoin still have lower price and become most worth opportunity how to get much profit when bitcoin get good news exactly on December become most waiting moment for many investor with bitcoin and altcoin price, you know how many investor always waiting at the end years to get moment selling bitcoin and altcoin on higher price.

Yes, of course now is a good time to buy some good Altcoins in order to reap a lot of profits when the next pump comes in the market,
so obviously now is a good opportunity to buy Altcoins.

I have sold mine and prefer to wait until the bitcoin price stable and altcoins may follow.
If you buy altcoins in the current market conditions, it could be that the price will continue to fall if the price of bitcoin drops deeper. We don't know yet, just give it the time 1-2 days to judge whether the market will be stable at this rate or the correction isn't over yet.

Yes it seems good to buy the dip this time around as the chances of recovery and continuation of bull trend are high.
Also we have a positive sentiment in the market after a long time and when this happens the market remains occupied by bulls so im sure it will turn out well this way.

Yes, BTC dominance is high this time. When it get stable people will move their money to Alt. I will suggest to pick some  top alt. Also don't forget to buy some ETH  ;D . ETH 2.0 is going to launch in December 1.

the dominance of BTC is not as strong as it was at the beginning of last year. today when BTC is dominating the market we can still see how altcoins are also experiencing the impact of the BTC pump. I think altcoin adoption will increase despite a small correction in BTC. provided there is no sudden market crash shortly. because it could affect how the altcoin market will also collapse.

Yes, but not all Altcoins can follow the trend of Bitcoin, only the top Altcoins always follow the Bitcoin trend so that when the market is bullish again, the Altcoins will also be pumped to follow the movement of Bitcoin, so Altcoins like that are definitely good to buy at this time.

Anyway, today's price decline is perhaps one of the last chances when we can again buy profitable assets at a cheap price. at least we have already made sure that the cryptocurrency market is aimed at a long and rather high rise in prices. And Bitcoin will definitely go up and, as has always happened, if it does not lead the entire cryptocurrency market, then at least the bulk of altcoins.

It is not this easy to just buy altcoin just because Bitcoin declines or falls into what they said "correction", sometimes, altcoins move the same way as Bitcoin, Bitcoin just leads the way that is why some people are also accumulating Bitcoin when they noticed that it is Bullish. There's somehow a hidden tie to why this happens but I think we should still depend on our buying decision not just for this, but for the Fundamental analysis of the crypto, as well as conducting a good technical analysis of the graph of it. Take for example XRP, there's a pending Fork that will happen in December, with that, it will provide a 1:1 ratio that will be the reason why many people will anticipate and hold XRP. Cryptocurrency somehow has its kind of independence towards each other.

Btc price increased in the last few days and it already made a correction too. Now the market is not still stable. Likely you want to buy altcoins and it depends that you need to mention which altcoins you want to buy. Because it is difficult to say without seeing trading view and without research it won't help you a lot. So mention your desired altcoins name then it can be said easily which will better in this time.

yeah, for sure. Bitcoin corrected more than 12% in 2 days and the altcoins were in a sea of blood. But do not panic and Fud about Bitcoin, instead of Fud, you should buy more altcoins top and hold it.
Especially with Ethereum, December will be a glorious month for it when Ethereum 2.0 launches. So the price will go up, my guess is about 700 $ at the end of the year.

Yes，but i suggest you to invest in the altcoin that haven't seen a big jump in the currency this month, in addition, selecting severa altcoins to buy, investment diversification is necessary,  put all your eggs into one basket is unwise.

You may consider this as perfect timing to buy top altcoins as the price of altcoins has been through a correction period or else wait for some more time to witness if there would be further correction period or price dump which is unavoidable if whales cashout further.

If you are currently holding altcoins then don't sell it at low rates due to FUD as we might see repeat of 2017 in upcoming weeks.

I don't imagine that this is the ideal opportunity to invest in altcoins, on the grounds that the correction of the whole cryptocurrency market was exceptionally little and there will most likely still be a genuine correction sooner rather than later, so I encourage you to stand by a little more and after the correction is over you can begin investing in altcoins.

What you mean about correction? Will it grow or fall?
As for me I cant advise to buy unknown altcoins... just only from TOP 100 of market cap

It's the right time to invest and bounty hunting like you are doing. We can take the whole advantage of this crypto pump. All new coins we can't buy, so there we can take advantage of hunting. We have to invest in old altcoins. I won't be surprised if this correction of time Bitcoin stays one or two months long.

buying altcoins that have a future is very good, I thought maybe it was a good opportunity. but choosing these altcoins is not easy and it requires strong analysis. but if not there is a risk of choosing an altcoin like eth and that is great for savings

Normally altcoins go up when the Bitcoin prices go up. But this time a lot of red flags can be noticed with the altcoins. Compared to the situation in 2017, many of the alts are showing much lower liquidity and at least some of them seems to be stagnant as far as the development is concerned. Even if the exchange rates are going up for now, I am doubtful whether the hype can be sustained for too long.

In my opinion, given the current market, you should be very careful and invest in alt coins. Because there are many people whose investment has gone to zero. If you want to invest in any alt coins then there are 2 main points to keep in mind.
1 project concept
2 team
There are many other such issues.
Thus you will benefit if you invest keeping all the aspects in mind.

would suggest focusing more on the project than focusing on what time it is.

This actually true when bitcoin is upward the altcoins are on its way down, maybe because investors are more on playing the bitcoin, while it happens vice versa,when alts are in bull bitcoin is down because invenstors are in alts.. It's like a cycle in crypto currency market..

Opportunity to buy good alts at very low price, for those who want to be in the game for long term, best time to pick up some, maybe the market won't dip any lower than this,
I got my eyes on a token and place a low buy order till now my order has not been filled yet, price has refuse to dip lower, kinda hoping it will, don't want to miss out on a good price.

I would say it is right time to buy both altcoins and bitcoin as well, they both look like they could be doing better in the near future. Most altcoins didn't do that well in the past 24 hours neither, and I would say bitcoin had one of the worst falls it had in the recent memory as well, so at the end of the day they are both looking like it could be quite good and could be very profitable if you get in right now.

There is no guarantee of course, maybe from here on out we will get into a bear market and everything will go down? We never really know what will happen so we are just making a guess here. However right during a bull market, after a correction, buying crypto would really make someone a smart investor, even if it goes down, you could say you didn't bought at the top.

I think now its the right time
We take a big slump 2-3 days ago

Market consolidate and now certain Altcoin is showing recovery and trend reversal
Definitely a good point to buy now than previous peak
Using DCA method if you are afraid that the market will continue moving downwards

I think that it is the best time for you to buy altcoins but stick to several top rank alts such as ethereum, ripple and litecoin because these are altcoins that has a very high potential to give you a high profit and earnings in only just a short span of time.

depends on what kind of altcoins that you will need for buy, if i will buy For me it’s not good time for buying, Because this time crypto market is so crazy , anyone cantnot clear about that's what happened next.

It's hard to say. I think there is no good or bad time to invest in crypto. It's fully depends on your knowledge. If you know at any time where to invest any investment could be profitable for you. If you want to invest in kata I would say go for the time when the market is very low. Or you can buy some alts when they are at their deep. Normally this kind of investment give good returns. But you have to have enough knowledge to invest in alts.

Not really sure about ethereum at the moment as it is quite expensive and not affordable, but ripple and others still do. I prefer to invest in top coins that are still affordable, maybe you were right to invest in ethereum 5 or 6 months ago when the price was still in the $300-$350 range

Maybe 2020 is a good time for us to buy altcoins, the positive signs from Bitcoin are making the crypto market more bustling and attracting more investors. So we should buy Altcoins this time as it is reasonable.

It depends on what you are buying, the recent price correction gave chance to those who like to grabe free Flare token this up coming XRP airdrop on the 12th of December.  It's nice to grab good altcoins whenever there is a price correction, make sure to search for news and updates before choosing what to buy. For me, if you are a long- term investor, buy anytime as long as you think the price is good.

It makes sense if he buy alt that have potential in the next year, conversely if he buy ridiculous altcoins he could lose his profit on the investment he made. the market maybe headed for a correction but again we don't know what next, whether it will help alt to up in terms of market value or not and every time is the best but how do we make the best use of that time

Yes I agree , if we will notice there's a price correction last time wherein almost all or should I say all of the coins in the market are bleeding headed by the bitcoin, that time it is the right to buy bitcoin and most especially altcoins . I grab that opportunity to buy XRP since there will be some fork on 12th, aside from base on the chart it will goes up this Dec, but it so happen that there will be some sideways first before some bull run again so better to buy altcoin now and stored it until next bull run in Dec.

Agree, I will not just stick to Ethereum and Bitcoin, there are still many choices depending on the price situation and also the project. if we are in a hurry to buy bitcoin or ethereum at a price that is no longer affordable, I think that is a disadvantage. it's better to look at other top coins with good and affordable value