What's your opinion about today's Altcoin market situation?

[lxiaoh]

Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

[imstillthebest]

you forgot that eth are also the leader of the alt bull that also happened to xrp and xlm  . waves are also trying to join the pump game because it was also spotted having a good gains but if its only a corection that is happening between these alts why other alts and toks are affected too ? the drop is not caused by btc either because that would be unfair that other cryptos will only follow the downward movement of btc but not its upward side . it could be the whales , they arent animal but they are like us humans that want to profit too

[bitterguy28]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

You are just looking  In comparison but what is a repeat?because in 2017 after halving the bull comes?but remember in 2017 that is the effect of 2016 halving meaning after a Year the value moves up.
But don't worry since the prices are still in good position then maybe this is some correction and just waiting for another start of climbing up.

[ethereumhunter]

Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

Yes, the correction comes to the market, and that makes the altcoin market is following down. But these situations will change and the altcoin will have the time to back to increase. Maybe after this, we will see the altcoin season before the bitcoin price sky rocket, and if that really happens, we will make a profit from the altcoin, and we will make another profit from bitcoin. Just be patient for that time because it will happen soon.

[Inkdatar]

yesterday I was surprised to see a trend that is changing so fast. but I realized that behind a high uptrend there would always be bubble breaking. but I believe the situation this time only happened because the Whales took profit in the market. look at me altcoins have started to go back up today, I hope this will continue until the new year.

This is what I have observed that some altcoins are in green marks. So in my opinion, there's a correction take place about the market declined. When you invest in the top alts for sure price could bounce, so for the mean time we could watch and observe the trends since it may possibly continue to increase the following days. Yes, some taking profit and buy back at their certain price goal. However, it is not new it just happen anytime price could decline and may go up.

[TinaK]

The current situation of altcoin is follow the Bitcoin way, so once it will going moon automatically other altcoins are follow the way. Already we see number of pump and dump in the market, So we must wait for the next ATH in upcoming days. Today market is not bleeding so BTC is again wake up and runs in the green region. But still it is not start the race so we need patient for next hype.
https://www.coindesk.com/price/bitcoin
Most of the altcoins are follow the BTC market ratio, so If we monitor the live chart we will predict the next hype. I think next bull run is possible on next week, so again altcoins are going peak.

[Sterbens]

Not only u most the people who invested in the value above 18000$ will not expected this to happened. And this sudden incident is the cause of many people lose their money after investment.

risk of being tempted to buy when prices are high. wrong strategy will make someone fall into panic. indeed although there is a possibility that bitcoin will touch the price of $ 20,000, it is still a prediction and who knows when. Just hope Bitcoin hits the new ATH soon, so those who buy it for $ 18,000 remain patient and don't panic easily. This correction is only temporary.

[WalkerIVIV]

Correction, my opinion is this reason. It is impossible that price up endless . it needs pull-back, and stabilization, for the next wave of pump storage. This story happen again and again, but what point correction, nobody knows.

The correction comes to its end. The bitcoin started to surge again since yesterday. The stabilization of crypto market has come to its end too. More fund management platforms from US have bought more bitcoin again.
That started to bring the crypto users the hype again to pump bitcoin. There are bunch of good news come this day.
20k looks like to be achieved by bitcoin next week maybe.

[el kaka22]

It is volatile and risky and at the same time very rewarding as well. I am not sure if I would be capable of doing all the things I am doing right now without the knowledge that I have a decent stream of income and the amount of money I am using in the crypto world doesn't really change my life. If I was risking money I needed, I would have gone crazy with it for sure and that is why I haven't really done it with that kind of money.

Sometimes I deal like 50 dollars or so to small stuff for example, it doesn't really feel like I am risking anything major, it just feels like I am going for that "put 50 in, get 500 out" type of shooting for the starts type of situation and even if I end up wrong, all I can lose is 50 dollars which is not really that big of a deal.

[peter0425]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

Obviously once the Price of Bitcoin Drop the Altcoin will Follow because Investors are also Looking about the strength of The number 1 currency so If the value of BTC dropping mostly They full Out their funds also.

But This is normal in every Bull the Correction will happen because look at the market now while Bitcoin took the $18,000 Price again.
The Market is getting Greener again.

So bother no more instead Keep the Holding and mooning will come any sooner.

[Japinat]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

Obviously once the Price of Bitcoin Drop the Altcoin will Follow because Investors are also Looking about the strength of The number 1 currency so If the value of BTC dropping mostly They full Out their funds also.

That's the normal trend of the market, we shouldn't be surprise with that.

But This is normal in every Bull the Correction will happen because look at the market now while Bitcoin took the $18,000 Price again.
The Market is getting Greener again.

I'm hoping the green market will continue, it falls hard so it will also bounce back hard.
However, I don't want to just follow the hype anyway as it could be a bull trap to entice people on buying coins again.

So bother no more instead Keep the Holding and mooning will come any sooner.

Sure, but if you hit the target, better start to dump, and accumulate again when it dip.

[sulis sudibyo]

I feel the current market is very good, all green. This is good, since I haven't seen a situation like this in a long time. the last time I saw a situation like this was when bitcoin came back from a very deep crash.
I hope that altcoins can rise higher even though the dominance of bitcoin is very large. This will be very bad, if bitcoin dominance continues to increase. You can see yesterday when suddenly the market started to stop rising. in just a matter of hours all the coins on the market fell including bitcoin.

[robelneo]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

This is probably the most exciting time, for the last three years we did not came close to this one, where the all time high is within reach, it's like a roller coaster ride for all of us, we are excited then we are frustrated than Bitcoin momentum slowed down, but it's still a month and the excitement is still there, we are still going on a roller coaster, I just don't know if we end up on the top of the ride.

[darewaller]

My opinion about the situation is the same as it was probably 5 years ago. I still think that there are some (few) decent altcoins that I should invest long term, and I should try to avoid selling them even if they break over the all time high price. That feels like the same thing today as well, now I am not so much against selling certain coins, I invest into some projects early on with a small amount of money and in return I end up with a small amount of profit and I sell them and put that money into the big dogs like btc and eth and wait for them long term.

The rest of the idea stands to this day, just find decent good high level coins and invest to it constantly and consistently in order to have a bigger and bigger portfolio in the long run which has worked so far fortunately.

[Viscore]

yesterday I was surprised to see a trend that is changing so fast. but I realized that behind a high uptrend there would always be bubble breaking. but I believe the situation this time only happened because the Whales took profit in the market. look at me altcoins have started to go back up today, I hope this will continue until the new year.

Bitcoin seems trying to break free again, it's climbing fast, trading at $18700 now, and it could rise to $19k soon where it left out.
It will try to break $20k again, and if it surpass that price, the real bull run will start.

It's been a trouble breaking $20k, but let's see if this time bitcoin will succeed.

Still not expecting a new ATH this year, but the way I see, it made me believe that we are closer to that.

[Samurai trieng]

In my opinion, the current state of the altcoin market is still normal, even though many altcoins have decreased and increased ... for example, etherem has decreased a little, and XRP coins have experienced a slight increase, the rest is nothing striking about  the altcoin market, maybe this the time to buy coins that have the potential to invest,

[RealMalatesta]

I still believe in it a lot, I believe altcoin market with the increasing demand for the defi market, will continue to go up. The market found itself a method where people need to keep buying in order to keep profiting and also have a reason not to sell as well, those were the biggest reasons why prices usually went down a lot, but with the defi market now there are staking, liquidity providing, lending and many other stuff that makes people buy and use it, and also same reasons make people not sell and use it instead as well, which makes the prices very high.

This is the reason I honestly believe that there will be some sort of increase coming up, we have already seen most of them increase, but this will not stop since the money injection still continues to this day.

[Harriti]

Till yesterday it felt like we are going through a repeat of 2017 but all of a sudden it's dropping down, what would have caused this dump? Is it related to drop in the value of Bitcoin or else some other reason like whales cashing out ? I feel it was a temporary correction which took place after altcoins went bullish especially XRP and XLM which gained over 100% in last one week.

after the price drop few days ago because of corrections, now the price of cryptocurrency growing again my friend
maybe a huge movements on price will be happend in the near time buddy, so, you don't need to worry

Yes, for sure. But the big change here could be that the price of Bitcoin will drop drastically as people who bought Bitcoin at $ 20,000 sold off in order to get their money back.
In investment, we can not be subjective and just look in one direction like that. We have to set up the most complete trading plan, we must put out the worst and best cases. When we have enough information and data, our trading plan will increase the win rate and your capital will also be safe if the market goes against it. Hopefully this knowledge can help make your trading strategy better buddy.

[noorman0]

Some of the top altcoins following the bitcoin trend fluctuate even higher. Of course this results in bigger profits and losses in a short time. You should switch to day trading or scalping mode for now and don't forget to stop losing each of your trades in order to minimize big losses.
Also, avoid trading coins that have experienced a drastic pumping that is not reasonable due to hype because it can dump at any time while the bullish trend continues.

[hahay]

Basically it is a situation where the market is experiencing correction, because even the decline is not happening every day. But what is worrying is that those who buy at high prices then panic selling because of the sudden change in market situation. At least when the market situation is like that, then I think it would be better to continue to calm anyone you know not to lose through panic, because even though the market is very volatile but in the end a recovery will always happen.