Altcoin still feasible? Profit or loss?

[GreatArkansas]

For me now, Bitcoin already dominated altcoins, altcoins will be on the hand of Bitcoin, for now, look how the Bitcoin dominance pumped too hard these past days.
If we base on the last bull run around 2017 - 2018, we clearly saw a massive run on altcoins after Bitcoin reach the all-time-high around $19,000. So I am expecting this again. Bitcoin will make some action first, that's why I really confused these past few weeks, altcoins especially those top altcoins are not that following the Bitcoin.

[Emitdama]

Altcoins are looking like more and more amazing these days if you ask me.
I know they went down a lot in the recent 10 day stretch and that is why people are afraid of putting their money into them.

However I am the type of person who loves investing into things when they are down, the real advice you can get from any big time investor would be "buy low, sell high" and warren buffet famously said "be greedy when others are fearful and be fearful when others are greedy" so that means while altcoins are looking like they are dying, the reality is that they are not going anywhere.

You think ethereum will be done with? Never go above 400 again? That is not the case it will go above 400 even 500 eventually, so why not get in right now? This applies to all "good" projects, not small obscure coins but big ones like ETH looks amazing now.

[Wind_FURY]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

It's the best decision to HODL the best performer in my opinion. That's Bitcoin.

It had been told for how many times but there are people whom are really fan on stashing out some altcoin into their portfolio and hoping that
it would really be bringing some good fortune to them.

That was true only during the ICO-Mania of 2015 - 2017. The people today look to be smarter in their investments, probably after losing a big percentage of capital.

There are lots of situations where we do presumpt that alt is losing its charm but actually this had been always the scenario when theres
shift in the market its either bitcoin gaining momentum and alts is on deep reds.Its just a matter of demand in most cases and for us traders
or investors then we should be wise on making out decisions.

What I have observed starting 2019 is, Bitcoin surges, shitcoins are red. Bitcoin crashes, shitcoins are redder.

[arwin100]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

Altcoins aren't for HODLing. They're for flipping. It's all about timing.

When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.

Many believe that there are tokens or coins that will follow the track of Bitcoin where it reach a high ATH way back on year 2017 but based on experience I encounter a major lost due to believing it and my tokens just dump so badly on year 2018 so by now I never tried to hold any of those and just simply trade them whenever I see some good position to sell and only hold bitcoins since this is the one promising to get a possible high leap in next following years.

[exstasie]

Altcoins aren't for HODLing. They're for flipping. It's all about timing.

When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.

Many believe that there are tokens or coins that will follow the track of Bitcoin where it reach a high ATH way back on year 2017 but based on experience I encounter a major lost due to believing it and my tokens just dump so badly on year 2018 so by now I never tried to hold any of those

Well sure, you held through a bear market. Like I said before, it's all about timing. I consciously ignored altcoins for years after the 2017 bubble popped, because I knew the chances of a timely recovery were extremely small.

You need to let bubbles deflate before buying back in. Bagholding to the bottom really isn't recommended for altcoins. It's also important not to be greedy. Those who held altcoins during the 2017 bubble and sensibly took profit were rewarded handsomely.

[Japinat]

I wish altcoins will come alive if the bull run will start.

Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.

[Lanatsa]

I wish altcoins will come alive if the bull run will start.

Bitcoin is bullish, we can all see that but most of the altcoins especially the old ones are still struggling until now.
Maybe the right time has no come yet, we need more push to see an altcoins run for their own as bitcoin rising would sometimes result to altcoins going down, as we can see it. The last time we saw an altcoins run was when bitcoin had a new ATH, so let's hope we will see that this year.

It wont be moving in the same phase from time to time and look at on the current market where bitcoin is on a rally and try to check  the top 100 coins in the market on CMC.

You would definitely see that majority of coins or below btc are on reds.Some might able to get some increase but the vast or majority is really struggling.

Is this something new? No its not because they don't really correlate anytime when it comes to movements.

[davinchi]

Altcoins are actually looking pretty decent right now, people always assume that the market will react one way or another and stay that way but that is not the case for many of them, they will for example go down when bitcoin goes up, but then bitcoin goes up higher and suddenly they start to go up as well instead of going down further. So, do not assume that altcoins will always do reverse of what bitcoin does, that is not the case most of the time.

I even always say that they are not connected, because I have seen altcoins and bitcoin move differently and then same on the same hour many times in past years, which means they could do anything and not have any connection for a long time to same parallels. Assume having as much of any proper coin as you can is the ticket to early retirement and do not look at the movements this closely.

[hahay]

The top altcoins still have their charm and even though in recent days the price of altcoins looks bad, it is only because of the impact that has been on bitcoin and there will be time for altcoins to recover. So maybe this is a phase for the expected rise to occur because as we have realized so far, bitcoin is always moving earlier for something more positive as well as negative, so it's no wonder that some people think altcoins are no longer viable.

[yohananaomi]

The top altcoins still have their charm and even though in recent days the price of altcoins looks bad, it is only because of the impact that has been on bitcoin and there will be time for altcoins to recover. So maybe this is a phase for the expected rise to occur because as we have realized so far, bitcoin is always moving earlier for something more positive as well as negative, so it's no wonder that some people think altcoins are no longer viable.

still that the top-ranking altcoins are still in the best position and are very reliable, people may say altcoins are not feasible but I read that it might be new altcoins, and indeed there is no recommendation that can be given for new altcoins growing at this time.

it is true that you say at this time is indeed bitcoin is continuing to move up and will usually be accompanied by altcoins, but it seems that there is no movement of altcoins yet, but I really believe that altcoins will soon follow bitcoin, because all this time it has always happened, I agree that there is a delay for altcoins to move up following bitcoin.

[barbara44]

Altcoins were always there for grabs but people got scared, nobody said things would stay low with altcoins and you know that altcoins are legit good investments as well (not all, but there are few who are great like ETH) and that means when they go down, you should see that as a way to get more of them.

I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.

However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.

[beerlover]

Altcoins were always there for grabs but people got scared, nobody said things would stay low with altcoins and you know that altcoins are legit good investments as well (not all, but there are few who are great like ETH) and that means when they go down, you should see that as a way to get more of them.

I increased my ethereum position at 384 for example, because I knew that it would go over 400 very soon and thanks to ETH 2.0 news the price is now over 430 dollars. I didn't make a big profit from this move, under 100 dollars profit, but I did realized that it was possible to make that move, if you saw the altcoin prices going down and assumed it was a doomsday situation, you were very wrong to begin with because alts will never stay low forever.

However now we see bitcoin AND alts going up together so we know that is possible and people may use that information in the future.

I love it when I am right as well, I have not invested into altcoins because I didn't had any liquidity at that moment but I knew that things like ETH where people are using like crazy due to all the new defi stuff, I knew it wouldn't hang low for a long time. I also never understand why people assumed "when bitcoin goes up, altcoins go down" because that is not true, never been really a true thing any time in history, sometimes bitcoin goes up and alts go down, sometimes btc goes up and alts go up with it, there is no guarantee that when btc does something alts will react same way, they always react differently.

As you can see today, the price of almost every coin increased like crazy, ethereum peaked over 450 dollars and going towards that 500 dollars like crazy, all other coins are following it as well with prices going 10-20% higher than last week, removing all the losses AND making a profit.

[Noctis Connor]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

Some altcoins are just comertial advertise to attract people to invest and then lose their money, i am not saying it is "scam" thou it is my own opinion because here in my country lots of alt coins are being advertise and in the end they just scammed people that's why they didn't believed on the so called crypto currency.

Second : If you have thoughts in mind to invest to those known and well known altcoins why not try to invest there a big chance to make a profit and also always take a look of the chart for the guidance and not to lose that much. Because as you can see today the prices changing everyday and altcoins go downs sometimes.

[redsun114]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

Some altcoins are just comertial advertise to attract people to invest and then lose their money, i am not saying it is "scam" thou it is my own opinion because here in my country lots of alt coins are being advertise and in the end they just scammed people that's why they didn't believed on the so called crypto currency.

Second : If you have thoughts in mind to invest to those known and well known altcoins why not try to invest there a big chance to make a profit and also always take a look of the chart for the guidance and not to lose that much. Because as you can see today the prices changing everyday and altcoins go downs sometimes.

Yeah, there are altcoins and then there are altcoins, some of them are awesome and they will become huge in the future, they could potentially make you profit a lot more than bitcoin can and they will keep improving to get better as well then there are ones that are scammy or just plain old bad that will become nothing, they will worth nothing and they will just stop existing after a while, left by the team and just nowhere to be found.

So, if you can find good altcoins that you can trust and could go big in the future they are definitely worth looking at but if you are going to risk your money you are not going to make a big difference and you are going to end up not making any decent profit neither, maybe few lucky ones. Hence altcoins are still feasible only if you invest into good ones.

[KnightElite]

I think it is just because of market sentiment, when the price of the bitcoin goes up and the price of the altcoins are stable or keep dumping; it does not mean that the altcoins is dead. It only means that many investors are withdrawing their investments and re invest it in bitcoin because of the current emotion in the market which is greed. A wise investor and trader will buy a token or coin that is trending, why would they waste their time in altcoins if it is not moving unlike the bitcoin have current momentum in the market. But not all of the altcoins are currently in downtrend or in consolidation, there are altcoins that are now also breaking out like ETH. For those who still want to trade altcoin nowadays, make sure that you will trade a altcoin that have good market sentiment.

[adaseb]

Alot of people are basically expecting 2017-2018 to happen all over again. They see that Bitcoin is mooning and they are expecting bitcoin to top somewhere and that the money will go into altcoins. And then altcoins will get pumped and then at their peak, the money will go into fiat and tether. This is why ETH reached $1400 in Jan 2018 while BTC reached an ATH the month prior.

The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.

[blckhawk]

Yeah, I think altcoin was still feasible and can even provide a decent profit. It seemed a bit down right now but this not necessarily mean that it was dead. I mean there are still several altcoins that could still pull off like Ethereum and other top tier coins. It has just happened that Bitcoin is now caught a lot of attention that is why investors and traders tend to move their investment from it especially that Bitcoin now touch $15k.
This might not be that best season for other altcoins but don't worry we'll go on it soon.

[nomenclatur]

Altcoins will rise behind the price of bitcoin when bitcoin is stable then all top altcoins will rise slowly, like ethereum and XRP, now the price has gone up very quickly, especially altcoins are prone to falling when bitcoin has decreased. You should know that a few years ago was almost the same as the years 2017 This is because bitcoin is the beginning of the rise in the price of altcoins that makes the price of altcoins a legitimate and popular investment when all altcoins go up will be a pretty good place to invest.

[shoreno]

Don't worry, there will be another altcoin session, which usually happens when Bitcoin stabilizes.

is bitcoin not stabilize yet . price was still the same when i look at it and btc is not going to stabilize literally where its values wont move forever . the effects are only shown on eth but not to the rest of the altcoins .

 At the moment there will still be a wave of bitcoins and that will certainly affect altcoins.  the possibility that altcoin and bitcoin will go up together where when bitcoin goes up altcoins will go up after bitcoin reaches ath. when BTC correction, we can take entries in  Altcoin. Lets wait for that moment.

we dont need to wait for btc to go in correction state because at the moment altcoins are already in their buying state due to thier deflated values but people are really buying altcoins ? it could be that they only buy eth because eth value are the only one that have noticeable gain

[romero121]

Alot of people are basically expecting 2017-2018 to happen all over again. They see that Bitcoin is mooning and they are expecting bitcoin to top somewhere and that the money will go into altcoins. And then altcoins will get pumped and then at their peak, the money will go into fiat and tether. This is why ETH reached $1400 in Jan 2018 while BTC reached an ATH the month prior.

The problem is that we were tricked twice in the past of this "alt season" happening. First time it was in June 2019 and second time in Feb 2020 when BTC was surging higher and higher. And people bought the regular alts like LTC, XRP and look at how poorly these alts are compared to BTC or fiat. They are hitting records lows pretty much again BTC. So yes it does seem like a good idea to invest in alts, however its very difficult timing and catching the bottom.

The expectation is big from the cryptocurrency users. Whatever might be, we cannot expect growth without dumping. Cryptocurrency too isn't an exception to this philosophy. From my personal understanding about the market it is always good to take decisions as per the market and the capital available for the same. The predictions for the year was to overcome the previous ATH. Just because of the covid-19 people haven't started to speculate on bitcoin above $20000+

As mentioned there will be assured altcoin bear trend, but this happens quite after little time period from the bull trend of bitcoin. Another important thing, with the previous bull market even the altcoins without any usage peaked high. This time users should not have such a thought, it is always good to have expectation over the promised altcoins of the market.