What's your opinion about today's Altcoin market situation?

[jostorres]

^Bitcoin price obviously attracted a lot of people I am not going to deny that, but look at altcoins, they are not stopping at their own place neither. Most of them even have a higher return than bitcoin itself as well, at least in dollar price that is.

I believe people will move to altcoins very soon because bitcoin will tap out and can't go up, but this doesn't mean that alts didn't earned people some money neither, which means there could be a situation where bitcoin will hit peak price and can't move higher but alts also hits the peak and can't move any higher around the same time as well. Obviously this is crypto world and we do not know what could happen, but that is a possibility that we need to consider when we are investing or trading in crypto world.

[cassavachips]

Of course altcoins are down because bitcoin is undergoing a correction, although bitcoin is only correcting a little but it really affects a lot of altcoins. And this is quite natural because we are at the end of the year. Hopefully the market conditions earlier in the year will bring altcoins flying.

[meldrio1]

It would be good if the history will repeat as 2017 where the altcoins pumping but this time is different I don't know if we can see it again the bullish of the altcoins because currently the prices of the altcoins were falling down. Maybe people were starting to cashing out for the Christmas day.

[bandungan]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

This is indeed the dump the whale played with back in November, but that's a good point of the token's upward move this month. so they seemed to lower the price then pumped strongly upwards until it is today. that's the real situation in trading you have to be smart in observing the real situation

[takngantuk]

The current situation is very good, I like this situation. I get profit every time I trade, this is the situation all crypto traders are waiting for the most. altcoin and bitcoin can go hand in hand, hopefully this positive trend will not end soon. I hope all the altcoins can break the ATH in the new year. it would be sweet, if it came true.

[Benefactor]

It very well may be whales changing out subsequent to having a field day with the market, wherein numerous individuals were considering Bitcoin developing more or it very well may be a remedy occurring and preparing Bitcoin for another pattern. Cause crypto doesn't show the upper pattern for such a long time. Presently there are two prospects, the cost may stay at this stage without much up down development and will show another upward move following not many days.

[Psynthax]

The altcoins market for several days is quite good, there are no significant losses and gains, everything looks very stable. I take the occasional opportunity to trade and make short-term profits.

yeah it's really profitable to trade for short term right now, making profit off margin since the prince seems like doesn't move that much but occasional dumping is there, just how we control our emotion when the dumps happening or we missed the buying train.
Moreover the alts like ETH more specifically XRP, everyone could make profit off its hype where they announce airdrop and dump when people buying.

[lixer]

If you look at the new projects, the ones that basically give insane returns for liquidity providing and staking, you could find that there are pools that pay insane returns and that is definitely unsustainable if you ask me but they do that anyway.

Obviously math goes like this (which should sound impossible but somehow turns out possible) You put in 2 bnb, which is around 50 dollars, and you do not "spend" your 2 bnb, you just let them use it, basically rent your 2 bnb, and in return you mine about 10 dollar worth every day, which means in day 5 you will make it all back, but you make that 10 dollar from this new token, that token could crash and worth 10% what it used to be, meaning you could make 1 dollar per day, still not bad of course, but it could also crash to 1 cent as well.

So, basically it all depends on the price of the token you are "mining" with your bnb but the good part is, you do not spend anything for this.

[torrantz]

The current situation is very good, I like this situation. I get profit every time I trade, this is the situation all crypto traders are waiting for the most. altcoin and bitcoin can go hand in hand, hopefully this positive trend will not end soon. I hope all the altcoins can break the ATH in the new year. it would be sweet, if it came true.

I hope so and it looks like grayscale was buying more and more bitcoin. A few hundred million dollars have been used by grayscale to buy more bitcoin recently. It looks like the bullish trend will still happening.
I may predict the bearish trend for crypto will come in the middle quarter of next year.
This time looks a good time to prepare our portfolios to be sold at ATH