Do you think that market is oversold and bounceback soon?

[sudeshkumar]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

[diouf67]

I think a lot of altcoins already reached rock bottom, especially the low marketcap coins, because there are so few sellers now and many buyers. I think high marketcap coins could fall slightly further but that overall the market is oversold and will bounce soon. But just because the market is oversold doesn't mean it will change quickly, sometimes it can remain so for months on end.

[khoapham89]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

I hope so. This happened because the investors are leaving the cryptocurrency market. Partially, too rumoses and effect of SEC are harming cryptocurrency world. The recovery is definitely occur but in which level and how long. It's not easy to say.

[butka]

First of all, since most of the altcoins follow bitcoin, the question could be translated into "Is the bitcoin market oversold?"

The problem is how to quantify an oversold market? Will you use RSI, or any other indicator? 

Some may argue that there is no such thing as an oversold market. But let's see what RSI says:

The widely followed 14-week relative strength index (RSI), which oscillates between zero to 100, is currently seen at 29.80 – a level last seen in January 2015.

Source: https://news.coinpath.io/bitcoin-oversold-on-weekly-price-chart-for-first-time-in-four-years/ (from Dec 11.)

I wouldn't t put much trust into RSI, but indeed it give us an indication of an oversold market.

[joeperry]

Nope, in my experience dropping the price is much faster than rising it again. It would take some time in order to make the cryptocurrency be at bull again a good example is if a country that has a high volume of users legals the use of the cryptocurrency.

From this point a lot of users will going to buy bitcoins to meet their daily needs. Just think about that?

[bit..what?]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Nobody can predict how the market will develop over the next few weeks.
I do not expect that the prices will recover.
But that is just my personal opinion.

[Jadz]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

I'm agree, but very few projects will alive after this huge downtrend, some of them already spend their funds. I bet it will be a BTC, ETH, XRP and a couple more altcoins from +100 top of CMC, like Vite, Mainframe, NEX

[Red-Apple]

no because there are still a lot of altcoins that are over-valued.

in a way you can still see traces of bubbles in many of the top altcoins and that means there still some dumps left to happen and price can continue going lower at least another 30 to 50% more.

[Ryananda]

in terms of recovery, I agree that it only takes a very long time because they all experience a very drastic decline, for the future all of us expect the best from all the altcoins that already exist in the market.

[watergold]

well, I also think that early next year there will be no sharp increase in the increase in BTC and altcoin, as evidenced by the news that the entry of bitcoin into Nasdaq does not bring the price of bitcoin to improve. or we really need a miracle

[tsaroz]

Yes, the market is over sold. The large whales have already accumulated a larger number of cryptos and are getting ready to push it and dump when novice investors starts jumping in the bulllish train. If anyone to make a profit from crypto, they should copy whales.

[RokokGudangGaram]

well, I also think that early next year there will be no sharp increase in the increase in BTC and altcoin, as evidenced by the news that the entry of bitcoin into Nasdaq does not bring the price of bitcoin to improve. or we really need a miracle

but in the coming year even though bitcoin can't soar the price but it will definitely undergo a pretty good change, of course, because I'm sure that bitcoin and altcoin will experience price changes that can make investors return to smile again

[fzatni]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

I really agree with your opinion, after the price reaches oversold, the price tends to rise little by little, in my opinion a significant price increase is waiting for big news like ETF or others.

[SportbetMaster]

the market will resume in an indefinite time unfortunately not all altcoin will see the moon. this is the world of altcoin; we must sacrifice a part to keep live the strongest.

[Tipstar]

There's nothing as being oversold until there are people available to sell for a lower price. Though the real investors have started accumulating coins in a large volume which is both a good news for patient hodlers and a bad news for overall crypto adoption and future.

[BitcoinHodler]

it is never easy to say. for all the past 12 months we have had some people who were speculating that the price at that time was the last of the dumps and the bottom. (they even called it oversold back then too)!
but each time we see the dump continue.

so all i can be sure about is that there is no pump coming yet and until i see the pumps i wouldn't start going in any altcoin.

[KryptoKai]

If it was any other time fo the year i think we would see a recovery, but it is Christmas no-one has any spare money so the market is going to stay this way until January. I doubt it will drop much further but people need money for gifts

[Wyndesam]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

The market is definitely oversold at the moment , I do not think that there will be growth now , I think there may be a rebound , and we will stay in the sidewall after which we can go to grow again.

[dabenko]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Yes, most of them might have fallen, there i have seen quite a number of good altcoins that are still soaring high despite the dip. An example of such is XYO. That not withstanding, the time of recovery is imminent.

[charlotte04]

Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?

Apparently, the market is at the bottom right now and yes we can consider this as oversold, but we can't be sure yet it the market it still go down further more.