The new drama has started in Altcoin

[zaim7413]

Atall there is nothing you can do than to keep following the trend, altcoins dropping constantly is normal as there is nothing like stable price in cryptocurrency, my only advice for you is to trade wisely.

As for trading advice, I think it has also been said by many others in the past, but yes, for now, following the trend is an important thing in looking for profits, but you have to be careful of any traps made by scammers in the past. this trend, because they also take advantage of the opportunity to deceive many people.

[xOdiumNostrumx]

Huge volatility on the altcoin market is no "drama", its just a regular occurrence on the market. Right now the market sentiment circles around uncertainty, so people are still unsure what to do, if exit their positions or long their holdings, so this of course results in big price swings, there is no way around it.

[Jeger.Kiting]

The new drama at this time is that the president of the United States is infected with the Covid19 Virus and has an impact on the USD price in all trades, there may be a panic that causes the dollar price to drop suddenly and there is a price decline from a few days ago, does anyone know about the President Donald Trump in this thread ??

[bitcon]

There was a little bit movement of our valuable coins but  exactly got their peak. We are hoping for the big movement of coins in the market so that can exchange our to make it profit. Many of are waiting for that case for the unsu.ccessful business

I might be mistaken, but it seems that these days altcoins movements depend a lot on the situation with COVID-19. If a new wave is officially declared, most people will have to stay at home using internet services. Crypto will be in a bigger demand, and the best altcoins will start climbing.

[abel1337]

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

altcoins always take references from bitcoin price in the market, all atcoins have a direct or indirect connection to bitcoin as a trading pair. I always consider the fundamental analyses in the space before looking out any kind of trading or investment decisions.

I don't know if altcoin prices still connected to the price of bitcoin on each of its movements. There are many times this year that when bitcoin got noticeable pumps, Altcoin doesn't move with it and this is the opposite of what cryptomarket way back 2017 which I believe and experienced that every movement of bitcoin price affects the price of altcoins.  This is my belief before that got me in trouble by expecting altcoins to go up when bitcoins pumps. Market changed 

[Altryist]

AS for many days, the crypto market is now in good conduction as compare from the last three to four months. But now a new thing in coming to altcoin, that the prices of all altcoins are fluctuating very badly and not able to stable in a single position for at least an hour. So, what should we do in this dramatic conduction of altcoin?

altcoins always take references from bitcoin price in the market, all atcoins have a direct or indirect connection to bitcoin as a trading pair. I always consider the fundamental analyses in the space before looking out any kind of trading or investment decisions.

I don't know if altcoin prices still connected to the price of bitcoin on each of its movements. There are many times this year that when bitcoin got noticeable pumps, Altcoin doesn't move with it and this is the opposite of what cryptomarket way back 2017 which I believe and experienced that every movement of bitcoin price affects the price of altcoins.  This is my belief before that got me in trouble by expecting altcoins to go up when bitcoins pumps. Market changed 

Now everything is changing very radically, because the altcoins react to any movement of the bitcoin. And they do not react well, because they fall with any movement of bitcoin, whether it rises or falls, but altcoins still fall. This is very alarming, because it may indicate that traders are leaving altcoins for bitcoin, and this will not have a very good effect on the development of altcoins.

[forexandcryptoauditor]

The fluctuating market shows good volatility and thus brings up good opportunity for cryptocurrencies traders. But at the same time need to worry for medium term investors. I think market is settled now and awaiting for news which will drive it to either direction.

[skarais]

The fluctuating market shows good volatility and thus brings up good opportunity for cryptocurrencies traders. But at the same time need to worry for medium term investors. I think market is settled now and awaiting for news which will drive it to either direction.

Of course, if the market doesn't fluctuate then the trader won't make a profit. After halving a few month ago, I think the market is doing well and is profitable. Some argue that the current market condition are somewhat stable compared to before halving. Although the last few days have experienced a slight decline, it is still within reasonable limit. I think we should be a little careful with the current market condition as sideway are usually difficult to predict and there could be a deeper downside just because of some unpleasant news.

[budi691]

I hope that in the next few months when the Covid 19 pandemic ends the crypto market will also improve, maybe the current altcoin price is unstable because of this pandemic outbreak,

[HK88]

the attitude of the crypto market always moves like that or changes all the time. My advice that you should do is not to panic if you see it fluctuate. Learn to follow the waves and be calm at all times. It is relatively good to conclude that if you are not prepared to admit a loss, you are better off making the decision by buying Bitcoin or a stable coin which is generally considered a safe investment like USDT.

[emrecemsan]

I think altcoins will rise in the last months of the year because the impact of the pandemic has started to gradually decrease around the world. Besides, states announced economic recovery packages in response to COVID-19. I predict that these packages will increase the value of gold and altcoins.

[rahmat86]

I think we have to wait and see. bitcoin is in a bearish trend. better to wait than to lose. you can try binance futures if the price goes down you will get a profit

[slashz9]

In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

[onecall123]

In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

The market have been relatively bearish for a while, Bitcoin has not showing any direction, it's survived between the  $10,200-$11,000 range while altcoin market have taken downfall. Overall, the whole market is down. Everything will be back up at once. A lot of people wouldn't still accept that.

[Fredomago]

In fact, 3 or 4 months ago were the best market conditions after the massive decline in last May.
I am sure that until the end of the year the market will still be sluggish until there is another break at the beginning of the year.
then in 2021 maybe the market will try to rise if indeed a bull run will occur at that time.

The market have been relatively bearish for a while, Bitcoin has not showing any direction, it's survived between the  $10,200-$11,000 range while altcoin market have taken downfall. Overall, the whole market is down. Everything will be back up at once. A lot of people wouldn't still accept that.

That's reality, there are still unpredicted movements coming from bitcoin and the whole market are being affected.

We also need to consider that from time to time there are lots of new coins and the investment coming from investors who are actively participating are splitting up.

We are all hoping that in anyhow the bull will show up and bring those known alts to a much better price.

[Jeger.Kiting]

Even though all market prices are still showing stability and haven't seen any significant direction yet, it would be much better to wait for the next drama drama because we won't know the drama that will be released in the future that, the market is still showing an uncertain stability.

[Nazmul012]

those are common thing, normally happened in crypto market.but nowadays it seems too much as you said.whales are responsible behind this thing & normal traders have nothing to do with this matter. If you are a short trader, you might be make loss cause indicators & strategies aren't going to work properly during this situation.possibly long trade  can reduce loss.and If you are a holder, then nothing is worry about

[Myleschetty]

those are common thing, normally happened in crypto market.but nowadays it seems too much as you said.whales are responsible behind this thing & normal traders have nothing to do with this matter. If you are a short trader, you might be make loss cause indicators & strategies aren't going to work properly during this situation.possibly long trade  can reduce loss.and If you are a holder, then nothing is worry about

It not good to believe every trend the market shows was played by the whales when the arbitrage traders were to be blame sometime and I think they are also behind this current market trend either after the Paypal statement.

[Valzador]

It not good to believe every trend the market shows was played by the whales when the arbitrage traders were to be blame sometime and I think they are also behind this current market trend either after the Paypal statement.

Cryptocurrencies are just full of FOMO and hype. What do you expect? High demand from mainstream users? Of course, not. Cryptocurrencies are not at that stage yet, so it's only natural for price movements to be controlled based on FOMO.

[gundala]

That's reality, there are still unpredicted movements coming from bitcoin and the whole market are being affected.
We also need to consider that from time to time there are lots of new coins and the investment coming from investors who are actively participating are splitting up.
We are all hoping that in anyhow the bull will show up and bring those known alts to a much better price.

and the signs seem to rise and fall. There are a few big waves then quickly disappear, so if you don't really understand the analysis you will be easily trapped, even now, analysis techniques are not enough, luck also plays a big role, because market movements are very unpredictable and full of surprises.

I prefer to wait and see, not force my way into the market because I realize that my abilities are still lacking and tend to get carried away with emotions. We are all looking forward to the alt season where everyone cheers with much-missed market movements like in 2017.