Is Alts Market already bottomed out?

[lkjhg]

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.

I think altcoins are not and are not ready, but the time will come to follow bitcoin, right on your word, to buy as soon as possible and save it will benefit when altcoins follow to move up.

indeed now it's not ready to go up, but some have gone up like AAVE,
AAVE performance so far has followed Bitcoin's rise, of course this is a good signal to altcoins,
that there is still a chance for altcoins to go up.

[krisnajsadrak]

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.

yes, a lot of altcoins now getting out from the bear, wich indicating if the bull already come back
if this positive trend on crypto world continues, for sure next year a lot of altcoins will create new ATH

[covfefe_]

It was but the prices have slowly and steadily increased over 2019 and 2020. And to add on that, we recently had a price hike on most of the coins. Tough I'm not claiming it's a high point or there would not be larger bull but anyone not buying on 2019 and early 2020 have already missed a large profit. It's time the think and plan as the price could move any directions.

[Sterbens]

the more btc prices soar, the more altcoin prices drop. The risk of trading in altcoins is like that, less promising, the position depends on how popular it is at the time. not only Link and Xtz, there are still plenty of altcoins left behind watching bitcoin soar to high prices.
but there is always a good chance, maybe someday altcoins will also soar in price though don't expect a large price benchmark. just take advantage of the altcoin position if the feeling has gone up not too long. there is an opportunity to make the most of it.

[Tomiwa_akin]

for now we can say its bottomed out and those that bought at dips back are in profit now. there will be still be some stages of dip but might not be like the ones we have seen. after the supposed bull market momentum, we shall be entering into another set of dip. this is just my prediction but seems thats how it happens.

[mindrust]

LOL. Tell us which one of YOUR alts died. I mean we all should be a bit candid sometimes and talk about our own shitty or crazy experiences with Alts. Nobody ever talks about them. I ask this because this particular post of yours seem to come from a place of having been through the roller-coaster of hoping that maybe ONE of your alts will moon like you thought..

I still hold the Bitsend and Bitcore that I got from their airdrops.

The BSD I still own used to be worth something like $2k at some point when BSD was ~$2 a piece and the same amount of BSD is now only worth $3.

Yes 3 fiddy.

No K's at the end.

I waited for them to moon again in the next altcoin craze which never happened.

They just died.

I got a few others too and they do surprisingly good but ofc not as good as btc. mf went full moon lately.

[jacafbiz]

I have said we are going to bottom this month and anyone interested in Crypto as an investment should buy now, you might not be able to get these coins at cheaper price than this again, remember the next Stimulus check is coming and part of these money is going to enter into the space, the only reason we might see another dip is if we have the crazy dump we saw in March about another hack or something but the likelihood is very small

[Febo]

Is Alts Market already bottomed out?

Yes, it happened last December. Prices were low also this year in March, because of covid-19 lockout fear. Prices went mainly up this year. There were corrections last few weeks.

[Silberman]

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 market cap of bitcoin is currently sitting at 63% and while this could be the end of the bad season for the altcoin market I do not think it is, lets think this carefully, bitcoin is above 15k on November, do not you think that a great deal of traders and investors are putting all their attention on bitcoin and seeing if it can surpass its previous ATH? The moment bitcoin surpasses 17k we are going to see many people selling their altcoin holdings and investing everything in bitcoin thinking that a new ATH is imminent, and when that happens the altcoin market will collapse.

[kingzpro]

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.

Most of the altcoins have bottomed out for sure and now they are trying to find a new direction which is obviously upwards but if the bitcoin starts going really parabolic we may see a stress and stagnant phase for altcoins till btc settles or find new peak so stay alert with the market if you are trading alts.

[redsun114]

Most of them are doing decent weekly, we had a big crash before, then it recovered and increased so much and even though we went down again now we are still up in many of them for weekly returns. That is all you should be looking at, altcoins have made on average 4-5% return in just one week, that is only one week.

Millions of people out there still trying to make this kind of money for yearly returns, banks do not give you 5% returns for a year, you may focus on being a better trader to get 5% returns in stock market, but in reality, there is nothing that makes you 5% profit this quickly. This is why I think it is vitally important that we focus on altcoins not when they are bottomed out, but when they are hyped as well, try to pick real good ones and be very very long on them.

[Wapfika]

No One knows that there always could be deeper and also higher , if you are long enough in crypto and have seen 2017, everyone would think altcoins would go higher and there was a bubble that burst in 2018 and 2019, they thought there is no deeper but there was ,always was, some altcoins dead officially and people lost money due to holding shitcoins because they thought they would go up but for most of them never happened, the same thing happened to me too when I held a bag of shitcoins and most of them are dead, but only the best ones could survive , So take out the profit when you can and cut the greed.

When it comes to altcoins, we must be very actively trading them or look into them as they can do exit in the market when they wanted. There are already known projects before that we all thought are good ones but just left their investors hanging. Alts were good for trading, others were able to earn by trading them often that holding them. My fault before is I choose to hold them thinking that just like bitcoin they can arise in price when crypto adoption happens but it's only applicable in some other alt coins, others were just meant to be Delisted and gone.

[illnino]

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 is no connection here. Bitcoin ups and downs are simply seen better as the cryptocurrency (one BTC) is very expensive. I guess, when all this fuss around the USA election comes down, alts (the best ones) will be more positive.

[Mahanton]

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.

Buying on reds doesnt guarantee you to make profits and also how can you consider to have the price to be already on bottom?
This had been also a question for all of us when we do tend to buy a certain coin.We cant be sure if its already on bottom price or not
this is why each decision would make will really require out some risk for you to take. Bitcoin is rallying which most of the time do
affect alts when it comes to its price but somehow there are alts whom do able to go along with it.

[seleme]

It is too early to talk about the bottom at this price point, the market is still on the uptrend mood. The small recovery attacks by bears don't change anything and the general market circumstances are still in favour of bulls. Maybe after the hitting $17000 price tag, the price can go to test the support lines below $12000. The bottom price can be $9000 sooner because there are many gaps in the support line between $9000- $10000.

[lienfaye]

Most altcoins are not increasing and not following the growth of bitcoin but it doesnt mean these alts (specially the good one) are going to be left behind. Thats why we have this alts season, the time where altcoins are skyrocketing like what happened early of 2018. Bitcoin already step down after reaching its ath but alts continue to soar high. It will going to happen again in the future so for now be patient and buy additional coins to hold, who knows alts market might turn green in the coming days or early next year.

[ice098]

Most altcoins are not increasing and not following the growth of bitcoin but it doesnt mean these alts (specially the good one) are going to be left behind. Thats why we have this alts season, the time where altcoins are skyrocketing like what happened early of 2018. Bitcoin already step down after reaching its ath but alts continue to soar high. It will going to happen again in the future so for now be patient and buy additional coins to hold, who knows alts market might turn green in the coming days or early next year.

I agree, most of my coins are still green and not yet dump, even though my coin is not belong to the top 10 still the price is stable, if bitcoi goes up, it is really affects the price of each token but it will not bottomed that coin, maybe it will be dump a little bit or goes down its price for a certain time then it will pump again, that is what I observed now.

[forexandcryptoauditor]

You are right, but what if there will be correction tomorrow for BTC? it may again drag the market down and new bottoms can be seen. However, I also see the opportunity to invest in those but with caution.

[Shasha80]

This has happened repeatedly to see the altcoins market experience a price decline due to the effect of rising Bitcoin prices.
It is very difficult to determine whether the altcoins have reached bottomed out or not. Because the cryptocurrency market this
year is unpredictable, so if you are not sure that the altcoins are already bottomed out, you can buy altcoins at the current price
in a gradual manner. So when the price goes down you can buy the altcoins again at a cheaper price.

[Teraboy]

You are right, but what if there will be correction tomorrow for BTC? it may again drag the market down and new bottoms can be seen. However, I also see the opportunity to invest in those but with caution.

If bitcoin will face another correction and altcoin will be following it too. The dump that happened with bitcoin will be actually affecting the whole of crypto market. I didn't even think that the dump that will be caused by bitcoin will bring crypto to the new bottom. if you meant about All time bottom price for crypto and it's impossible to happen.
We should use our sense too.