Is Alts Market already bottomed out?

[Sayeds56]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

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[cryptonx]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

not only Link and XTZ my friend but most of good and solid altcoins project growing now,
hope this positive trend on crypto price will continues and we will see another high in price in the next few weeks from now

[Yaunfitda]

As the saying goes, "buy when there is blood on the streets", so recently we have seen some good alts that likely bottom up, so this could be a great opportunity to scope some cheap coins again and hold into it. We are still far the bull run that we are expecting, 2021 will be the year wherein we can see similar patterns like 2017. But before buying any alts, you still need to do your own investigations and not just buy everything that is hype, do you due diligence still.

[batang_bitcoin]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

There are many others that have been plummeting, you only need to look at those altcoins if you're eyeing for them. But we can see that bitcoin has corrected from $15xxx+ down for $14,600 and this is a good sign for those people waiting to catch up a lower price. The price could still be higher than what they can think of but if they will analyze it and looking for farther price, it's now time to catch up and buy some bitcoins if they don't wanna miss out the ride.

[kindbtc]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

This cannot be said about all altcoins because every coin is different and unique and also going through different phase of development so it is not that simple but we can say that all the top or reputed alts seem to be bottomed out and next few months seem bullish for them.

[Viscore]

Not because we saw that altcoins are declining we can say they are already at bottomed out. No, not like that. Most altcoins drop as Bitcoin plummeting but look at how those high potential altcoins, they were still able to cope up. Likely, those coins that OP had mentioned have been dropped by investors. Mostly, these kinds of coins are usually will suffer bloodbath, that is why investors will never choose them but just being ignored and look for more potential and known coins.

[Clement Kaliyar]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

The main altcoins are rallying and what makes you think that the coins that are bottoming out will rally in the distant future, in the past we usually see the altcoin rally well after the bitcoin rally but things are changing with time and we are not certain how the market will behave next year and if you are able to take some risk then there is nothing wrong in investing in these coins.

[goaldigger]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

There’s no negative impact on altcoins because if you look at the market some was able to pump as well along with bitcoin and beside, we cannot blame bitcoin for being incompetent of most of the altcoins. Well, if you are talking about DeFi some of them is still pumping meaning they have a real business here in the market.

[Fakhrulenclix]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

There’s no negative impact on altcoins because if you look at the market some was able to pump as well along with bitcoin and beside, we cannot blame bitcoin for being incompetent of most of the altcoins. Well, if you are talking about DeFi some of them is still pumping meaning they have a real business here in the market.

Pumping doesn't mean have a real business, because we know so many Defi project pump only because of hype.
Well if we see altcoin now, we can't say the traders will earn huge profit if they buy now because we don't how deep will dump, so before taking action to buy at the current price you also must prepare yourself if the price deeper

[mexite]

I don't think that the altcoin market has bottomed out for the year as the holiday season is fast approaching. I'm cautious because institutional funds may have to be moved out and away which coiners may see as another red flag causing another dump. Moreover, we don't yet know the stance of the new president-elect of the USA on crypto.

[Teraboy]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

It's not. The correct time to buy should be when those coins were getting their bottom price. Did you see the the rule investing in the cryptocurrency? if you didn't yet see that and just try to remember if the only best time for you to invest in the crypto when it was getting dumped so hard. When there's a signal for crypto will be bottomed out and it will always become the best time to shorting the coin.
This will bring your position into the high risk.

[erikoy]

are you sure about this? I am seeing different with the crypto that you, OP had been mention. Most alts will do good especially if bitcoin will have a good market. As we all.know that the value of these altcoins are also being assessed through bitcoin market. This is why majority of the altcoin will go strong if bitcoin market is good and sometimes it will go dump when bitcoin market is bad. All or most are depeding on bitcoin market.

[samcrypto]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

If you see the bottom and believe on it, you’d better start buying now before its too late because the market will continue to go up after this correction and Bitcoin made a strong statement on that one. If those DeFi will continue the hype, then its easy for them to pump after bottomed out just like YFI who is doing good again right now.

[crzy]

This is our chance to buy good coins/tokens, they dumped again and we will surely get it at a cheaper price and after months of holding, profit will come to us so its just a matter of time before it rise again. If you have more fund to spend for now is the best time but of course you still have to analyze the market and know what coins/tokens to buy, take the risk now or never.

[TopT3ns]

are you sure about this? I am seeing different with the crypto that you, OP had been mention. Most alts will do good especially if bitcoin will have a good market. As we all.know that the value of these altcoins are also being assessed through bitcoin market. This is why majority of the altcoin will go strong if bitcoin market is good and sometimes it will go dump when bitcoin market is bad. All or most are depeding on bitcoin market.

Altcoins do not always follow the flow of price movements from bitcoin, no one can guarantee their price movements, the most important thing is that if you have altcoins you have to be careful because the price movements are unpredictable, if you see bitcoin rising and then altcoin prices go up. because traders who have large capital use altcoins, one way to send assets to several exchanges because they take advantage of differences in bitcoin prices to make a profit.

[thenextking]

Yes, it seem the alts are catching up with the Bitcoin pump now

[benthach]

it depends which altcoins we're talking about, the scam ones will never see bottom, it will see nothing and your investment go to zero. that's the bottom.

[TravelMug]

The sudden jump in BTC price has negatively impacted alts markets but I think LINK , XTZ and go coins have already bottomed out. The traders can book huge profit if they buy them at current price.

LINK has been pumping ever since and it's only last month if I'm not mistaken that it took a dive, but wasn't able to recover, and then BTC goes on a massive pump, pulling some of the altcoins price as well.

Traders are smart this days, they're not just going to invest and hope for a huge profit is they see that the project is shit anyways. It's safe to say that maybe DOT or any others that in the bottom half of the top ten coins could be worth, but still no guarantee to book huge profits unless you are part of a pump and dump schemes.

[btc-facebook]

Not only Link, Xtz or Go, but almost all altcoins if you look at the BTC pairs all at the bottom, most likely the price will go up when the BTC Dominance goes down,
For now save altcoins and wait for Dominance Bitcoin to drop below 63, if the support area breaks there is a chance that Altseason will occur.

[SamboNZ]

Cant still say that it is the bottom what happens if btc suddenly drops in value then those alt gains will pretty much be gone in an instant. Its better to play it safe buy in the dips and not risking all of my money.