Will Altcoins Explode After Going Down For So Long?

[ZepaniZeppos]

Hey,

Simple question.

Will Altcoins BOOM after going down for so long?
A lot of altcoins have hit their bottom several times.

I'm in XBC right now.

[Marine2k]

I bet on NEO, WTC, IOTA, STRATIS

[ZepaniZeppos]

That didn't answer my question

[Marine2k]

Well, do you think that someone can really answer that question? Good Luck then   

[bigtee]

Hey,

Simple question.

Will Altcoins BOOM after going down for so long?
A lot of altcoins have hit their bottom several times.

I'm in XBC right now.

What do you mean being down? Pull up coinmarketcap, and look at coin returns over the last 1m/3m/6m. Almost every coin is up 10s or 100s or 1000s of percentage points in just the last few months.

Now, maybe you put some money into an alt (or shit) coin at an ATM, and now you are down. But on the whole, the entire crypto market is super inflated. Lots of speculative money flying into every new coin. Huge market caps for many, many coins.

[Aureliusy]

yes most will go Kaboom. Market is flooded with coins. Some must drown. Unless you are a fire ant.

[bigtee]

yes most will go Kaboom. Market is flooded with coins. Some must drown. Unless you are a fire ant.

Correct, we are in a huge speculation phase. Most coins outside the top 10 in market cap (and honestly, even a handful inside as well) are pure speculation plays, and don't currently offer any huge value propositions.

What we will see in the future - maybe soon - is a small group of coins break away and gain even more market share, while the majority of these multi-hundred million dollar market cap coins fall back into the "penny stock" valuations where they really should be. I think there is still money to be made by selecting a decent top ~100 coin, waiting for a pump and then dumping your coins. But unless it's BTC/ETH/XMR and maybe one or two others, I'm not holding for the long term.

[stomachgrowls]

yes most will go Kaboom. Market is flooded with coins. Some must drown. Unless you are a fire ant.

Correct, we are in a huge speculation phase. Most coins outside the top 10 in market cap (and honestly, even a handful inside as well) are pure speculation plays, and don't currently offer any huge value propositions.

What we will see in the future - maybe soon - is a small group of coins break away and gain even more market share, while the majority of these multi-hundred million dollar market cap coins fall back into the "penny stock" valuations where they really should be. I think there is still money to be made by selecting a decent top ~100 coin, waiting for a pump and then dumping your coins. But unless it's BTC/ETH/XMR and maybe one or two others, I'm not holding for the long term.

This is really the risk on engaging on any coins in the market on which most of the price is just being hyped up specially to those coins who do have high marketcaps and as expected prices would really go to bottom soon because hype will surely gone and regarding on the image i do really laugh at it.lol. Altcoins with low supply usually have the chances of exploding up since prices can easily be manipulated or pumped up or dump down.

[Febo]

Hey,

Simple question.

Will Altcoins BOOM after going down for so long?
A lot of altcoins have hit their bottom several times.

I'm in XBC right now.

For how long did coins went down? 3 days?  All Crypto is in bull run from most for 2016 and a huge bull run in whole 2017.    Better question would be how many months or years we will see a bear run.

[arpon11]

Altcoins has touched the bottom and some of them has started recovering. There is going to be a serious boom because from historical data September to December is the booming time in the price of cryptocurrency. We expect a serious recovering. I just go to coinmarketcap now and I find out a very serious dump actually on most of the altcoins and this week we expect a recoveriny.

[Maarten91]

Well, if one thing we now about crypto-space, is that we cannot give accurate estimations on (short-term) future prices. But logic suggest it indeed will be the case for alt's with good fundamentals.

[megashira1]

Hey,

Simple question.

Will Altcoins BOOM after going down for so long?
A lot of altcoins have hit their bottom several times.

I'm in XBC right now.

Going down? Things haven't even begun to go down. We are still in the bubble phase. You've obviously never been through a bear market. These things can last 2+ years and your coin can lose 90%+ of it's value. If you can't weather prolonged dips in a bull market i'm certain you'll be panic selling once we hit a sustained bear market.

[ZepaniZeppos]

LOL, Im watching charts all the time so it feels like ages.
I only started trading with serious money since a month ago and things have been going down ever since.
Especially on BTC pairs because the BTC rise made coins dump even harder which is a terrible time for those who trade on Poloniex.

That's why I'm expecting it to boom very hard within a week or so

[turbulence]

undecided but feel it's more likely we're going down than up unfortunately, hope i'm wrong tho