Altcoins back to downtrend as usual

[yonton]

We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.

[bhantom]

Yes it is true, and now is next moment when buying altcoins will be profitable. For me it is very good, easy profit.

[various]

Yes. Totally true. falls from the cliff that matches the herd psychology   
what is important is our own analysis

[777asianinvasian]

We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.

That is why it is important to keep track of your coins and have a game plan for all of them. You never know what day you wake up a coin is mooning or the opposite a coin is dying out. We must be prepared for all issues!

[NavySeals]

We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.

That is why it is important to keep track of your coins and have a game plan for all of them. You never know what day you wake up a coin is mooning or the opposite a coin is dying out. We must be prepared for all issues!

During hardcore dumps, you can't make plans that easily. You can always set up plans for your altcoin, the market acts as the opposite of your plans. You calculate dumps, it makes pumps and you can't react.

[nuskill]

thats the circle...you have a few months of insane uptrend were everything will be overbought and kinda overvalued and all still look and hope for the sky...

and then a few months of hard correction and bitcoin rallies that will make you forget the good runs and just gives you losses

thats life....the first one soon will start again so be patience

[Lontonbit]

The only game plan that would have worked is catch the pumps and sell quickly before it drops back in to downtrend. No long term alt holders have made gains vs bitcoin over the last 4 months

[JanpriX]

That is indeed true and we'll probably see this downtrend for a few weeks more as BTC is still looking very bullish. One might doubt that this will be a buy signal for them because they will be scare that the bottom of alts hasn't been reached yet and I can't blame anyone if they think like that. But, this will be a good opportunity also to average down to those altcoins that you hold and believe in. As long as you are holding an alt that has a very good potential of success in the future, price right now won't matter. Don't panic sell and always look into your long term plan.

[shinratensei_]

We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.

Not sure, but a little correction. They all know about the altcoin will be really profitable rather than bitcoin cash. The fact that as you can see some of the altcoins still on the trend to increase more.
bitcoin gets a rumor about the next improvement in the future but there is no exact date that gives the more clue about that. Yobit added bitcoin2x. that means the possibility about segwit always there.
but I don't know when.

[oxonhu]

im fed up . it starts with China news than BTC gold fork than Segwit2x than btc -bch war and what is now or what is next ? i dont know when we can really good profit maybe we have to wait 3-4 months or one year. thats ok to me but if we are expecting btc = 10k $ than maybe alt will be same price ( with $) but than they will lost a lot again btc. look neo for example. it was 0.011 btc and 48$ on 16th August. now price is 0.0039 btc and 28.75$ . it lost almost 4x against btc but it lost 2x against $ . So btc must stop do pumping. thats enough for now otherwise its bets to stay on btc and doing nothing.

[hosseinimr93]

Yes, It's a long time many people are waiting for altcoins to rise in price. I thing new things that happened to bitcoin caused this. First people were waiting for segwit ,next it was cancelled, after that BCH was pumped that way. I think soon every thing will go back to normal and finally altcoins will pump.

[Alns]

You should be acostumbrated to those kind of situations, bitcoin will always win, no matter what. Altcoins have been created only to make profit from those scenarions in which bitcoin is bleeding a lot, just like it happened on the weekend with the whole situation with bitcoin cash. All the altcoins were exploding, that was a nice example.
But now that bitcoin is going up again, altcoins will start to bleed once again, and this is an entire cycle, it will never stop because it has been happening since the beggining of all this thing.

[hadang]

We've had several times over the last 4 months where many people agreed it was the best time to buy alts, but as usually after a little pump they go back to a downtrend.

Some people have lost a lot of money for this. It seems we have speculated wrong. Altcoin will continue to decline if BTC increases. Of course, as we see in USDT, altcoin does not decrease much.

[yonton]

Its not as simple as bitcoin up altcoins down. Actually bitcoin and altcoins went up together in the spring and down together in the summer.

[baxxx]

Btc looking incredibely strong right now, i didnt expect the rise to be so drastic this week

[bamboylee]

Bitcoin is having another run and the casualties are the alt coin holders. But if you took advantage of the small window where altcoins went up 30% and above profit, i think that is already good profit. You can buy again today while the alts are down again and sell when it goes back up. It is all about the timing getting in and out.

[Savik]

https://www.sifrdata.com/cryptocurrency-correlation-matrix/

[Anonylz]

We all are acostumbrated to those kind of situations, i dont see it as a bad thing because it is a nice opportunity to buy some cheap altcoins, it is not because i say it, when there are red numbers on all the altcoins then it means that ALL of them will probably go up as soon as possible.
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,

[panjay]

Yes bitcoin rise and hype still not over I think and that destroy price of many alt. maybe next year like last time alt bull will come by

[vuvanle120]

We all are acostumbrated to those kind of situations, i dont see it as a bad thing because it is a nice opportunity to buy some cheap altcoins, it is not because i say it, when there are red numbers on all the altcoins then it means that ALL of them will probably go up as soon as possible.
But most of them always go down when bitcoin goes up, i dont know why it is happening because alts are supposed to have the same pattern as bitcoin, but it seems that it is not happening at the moment,

Btc and bcc madness. Buy when you see blood on the street. That's when it's the most profitable. All in with $alts