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Author Topic: Is it right time to Buy Alt coins now?  (Read 4017 times)
Sayeds56 (OP)
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December 16, 2020, 03:40:44 PM
Last edit: December 16, 2020, 04:58:53 PM by Sayeds56
 #1



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.









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December 16, 2020, 04:02:03 PM
 #2


 I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

If we refer to history, of course we are still waiting for Ethereum which is not the same as in 2017. This really feels less than perfect, where the parent flies, Ethereum still looks doubtful ..
wait a few more days maybe Smiley
is there a reason why Ethereum is not the same as 2017? bitcoin has reached its ATH ..

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December 16, 2020, 04:19:19 PM
 #3

Nobody can predict the right time to buy altcoins we can only estimate by understanding the market momentum currently market seems on full peak so I would definitely like to wait for its dip condition maybe my decision goes wrong but I would still choose the suitable time to buy alts according to my own research.
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December 16, 2020, 04:32:17 PM
 #4



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

I already pivoted into alts like FARM, 0xMR, and UNCX. Altseason is here.
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December 16, 2020, 04:45:34 PM
 #5

Yes, there is a huge possibility of the great pump and today BTC has broken its ATH after three years so it would be the best time for altcoin because history is proof when BTC gets bullish along with itself altcoin also gain price. So it is considering a great time to buy altcoin before it gets too late.
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December 16, 2020, 04:46:20 PM
 #6

There is no assurance for the rise of altcoins. If I remember it correctly, some altcoins like ethereum only hit ATH a month after Bitcoin started to crash. It would be more wiser to focus to Bitcoin for the mean time as its price is still on spike, then invest with altcoins when Bitcoin starts to go down again. But that would be just my personal opinion on this.

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December 16, 2020, 04:47:56 PM
 #7



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.
When bitcoin retraced back to 17k days ago was the best time to have buy some altcoins, that fall in Bitcoin value affected many altcoins as well, anyways it's never to late but as for me I like taking the short when market is in bad shape not when it's in good shape

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December 16, 2020, 04:57:07 PM
 #8



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.
When bitcoin retraced back to 17k days ago was the best time to have buy some altcoins, that fall in Bitcoin value affected many altcoins as well, anyways it's never to late but as for me I like taking the short when market is in bad shape not when it's in good shape
Yeah its true it isn't too lafe to buy altcoins because their market value wasn't that high enough to paid and will surely suit on your budget but the mere thing that an investor should keep in mind in investing in an altcoin was to become wiseful in which altcoin will he/she going to buy. Today, the market has already make a world breaking bitcoin history but maybe this might affect the altcoins market value.

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December 16, 2020, 04:57:25 PM
Last edit: December 21, 2020, 02:51:40 AM by Sayeds56
 #9

Many of the traders are focusing more on Bitcoin right now I'm still not quite sure if its worth investing to altcoins right now I don't see any signs that the altcoins will follow the Bitcoins price and hype.

Well said. This is  crypto market and it always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts. Currently BTC dominance Index is at 65%, let it come down to 60% or even less, then take entry.









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December 16, 2020, 05:00:30 PM
 #10

The market price of bitcoin have crossed $20k barrier. Upon this growth there is little growth with altcoins. The price crossing $20k is a big news and the same has made people think of altcoins pump. Maybe there'll be market growth, and the same is composed of real-time usage increase. For people with good funds in hand it is good to invest on altcoins and sell when the value grows high.

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December 16, 2020, 05:18:16 PM
 #11

It is very difficult to predict the future of Bitcoin. The repetition of 2017 has already taken place. The other coins lag far behind in its continuity. Although the price of alt-coins has risen against the dollar, Bitcoin has not. From this source it can be said that the days of alt-coins are in the future. That golden opportunity may come. So it can be said that buying alt-coins is appropriate now.
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December 16, 2020, 05:22:09 PM
 #12

Many of the traders are focusing more on Bitcoin right now I'm still not quite sure if its worth investing to altcoins right now I don't see any signs that the altcoins will follow the Bitcoins price and hype.

Well said. It is crypto market and always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts.
Right now as prices rising I am feeling good time for small traders to have some good position in altcoins because right now we have some good chance of good profit from them over $20K is not for all its just for those who can afford and if you cannot afford then just jump into altcoins as this is also not bad time and idea to have these in your wallet.

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December 16, 2020, 05:41:18 PM
 #13

You need to analyze the possibility of altcoin season after Bitcoin made a new ATH today. If it is likely to see the bullish trend in altcoins in the near future, you can start to choose potential altcoins to buy. But if you are not sure that bullish in altcoins to happen or not, you are better to wait for the momentum and monitor the market improvement first.

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December 16, 2020, 06:49:05 PM
 #14

If bitcoin stays the right side of 20k, I for one will be starting to load up on more alts. Thistime round however I will be looking for projects with good credentials and looking into the teams a bit more, I got stung last time (2017-2018) and would hate for it to happen again, I would reccomend to anyone do your own research.

Good luck Smiley
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December 16, 2020, 07:24:32 PM
 #15

Many of the traders are focusing more on Bitcoin right now I'm still not quite sure if its worth investing to altcoins right now I don't see any signs that the altcoins will follow the Bitcoins price and hype.

Well said. This is  is crypto market and it always comes with surprises. You never know what tomorrow bring for you. Having said that, It would be wise to watch BTC dominance index before taking entry into alts. Currently BTC dominance Index is at 65%, let it come down to 60% or even less, then take entry.

just wait until the Bitcoin price goes sideways and then enters, because if you enter now,
it looks like the weather is still not good, because the dominance also continues to rise.
it would be nice if you wait and be patient, accumulated at low prices.

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December 16, 2020, 07:52:09 PM
 #16

Yes, I also think that it is the right time to Buy good altcoins & we are about to enter the 2017 trend. So fill your bag with top altcoins now according to your budget.
Your point is good but doing any thing blindly is never been good idea because this can hurt you very badly just try to search and then buy few coins which have some good liquidity and can give you some good profit in near future because we have very long list of shitcoins those are hurting very badly to new investors also damaging this cryptoworld very badly in long run.
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December 16, 2020, 07:53:20 PM
 #17



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.

Good thing it's a glorious day for all who've purchased during btc's bearish days with enough quantity, they'll able to gain good right now. Hopefully that would also brought up altcoins popularity this time and soar hight in coming days. Let's start selecting thos potential coins that might generate the best profit as soon as possible.
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December 16, 2020, 07:57:02 PM
 #18



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.
2021 would be the greatest year after this historical reach of bitcoin.
ETH is still at $600 and with ETH2.0 there can be a higher price that it will be showing soon. You knew it.
When bitcoin pumps, the next would be the alts and Ethereum will be the same as it is although it's currently priced in $600 but unlikely the peak.


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December 16, 2020, 08:11:50 PM
 #19

Yes, I also think that it is the right time to Buy good altcoins & we are about to enter the 2017 trend. So fill your bag with top altcoins now according to your budget.

what you are saying is the truth because bitcoin is always going up and usually altcoins will also participate. the problem is that the present value is high enough so please be patient first to be able to go down again and then make a purchase. although we believe that next year is the time when all altcoins will receive an increase.

If you have large funds, you can probably just speculate because you are sure that there will be an increase, but if you have small capital, maybe you can change the potential altcoins to potential ones. so that when it increases we will also get the results we want.

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December 16, 2020, 08:34:13 PM
 #20



The BTC has made history today  and broke its all time high record. It is currently trading around $ 20500 to 20600. BTC Dominance Index is around 65% which is very High. I personally think that it is the Right time to take entry in Good Alt coins ( Ranking from 2 to 20 on coinmarketcap). I believe that History of 2017 will be repeated soon. We will soon witness Huge rally in Alts. It should happen when BTC will stabilize around current levels and BTC dominance Index comes down to below 60%.
At the end of the day each person needs to take that decision by themselves, bitcoin is showing great potential for continued growth and this could mean positive growth for altcoins, but at the same time you should be ready to get out of your altcoin positions the moment the market begins to go down, if bitcoin experiences an important drop, something like 10% or 20% you can be sure that altcoins are going to double that drop and make it anywhere from 20% to 40% and you do not want to lose that kind of capital in a single trade.

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