Is it right time to Buy Alt coins now?

[Mpamaegbu]

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%.

The history you talked about here happened a year after the Bitcoin halving of 2016. It's post halving. But here we are in the halving year in 2020. So, if we must go by your calculation it simply means this year isn't the right time to expect such altcoin rally. Wait for it in 2021. However, Dec is the right time to buy altcoins but you should wait for the impending correction that's coming. Also, you're correct about watching the Bitcoin dominance level. I look critically at that data always and I believe no altcoin rally will be possible as long as dominance of Bitcoin stays above 60%.

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[Sayeds56]

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 think this isn't perfect time to invest on ALtcoins yet, especially with low and medium capitalization Altcoins. With big Atcoins such as ETH, XRP, ADA,LTC...you can earn 20-30% profit but not be able to earn more at right now because the marketcap BTC dominance and the price of BTC are rising so strong, it shows that the money flow is focusing on BTC. Let's wait until the price of BTC goes sideway and the marketcap BTC dominance go down, this is really good time to invest to Altcoins

Very well said. I am in total agreement with you that  it is not right  time to take entry into Alts market. It is better to wait for BTC to go side ways and BTC Dominance Index comes down to 60% or even less then take entry in good Altcoins (Top 20 on coinmarketcap) and make huge profit.

[iTradeChips]

Well, what many are discussing about here is really a risk analysis of some sort, whether aside from Bitcoin, is it also a good time to invest in other altcoins. Not all coins are winners and not all coins are also losers right now. Those next to Bitcoin in popularity will experience some sort of upward trend maybe because of the FOMO thing that many does when Bitcoin in on the winning side. All you can do at the moment is stick to the same coins you have been investing for the past years and see if they behave the same way that Bitcoin does then that is a very good wait you did and you can opt to sell.

[kasakola]

I may not know the exact time of buying and selling coins but a lot of things are changing in this market. Jemon btc has now raised 23000 so say this time you will not sit quietly but you will buy coins but you will see the future of those coins. However, now you see that btc has pumped but all the other coins are now in the previous place. So I don't think J is the right time for buying and selling now because now everyone is busy with btc. Thanks

[zeingrind777]

Although not completely sure, I think the top altcoins will also increase their price in 2021, so it doesn't hurt to invest in the top altcoins for today, and wait until next year. But you have to remember that investing all your money into altcoins is not recommended. If you believe the altcoins will increase in price in the next year, then just invest some of your money in the top altcoins.

[cilgindansci]

BTC dominance may increase slightly during this period. People hear the name Bitcoin more than cryptocurrencies. When Bitcoin comes to a solid place, other altcoins will be preferred too.

[traderethereum]

Although not completely sure, I think the top altcoins will also increase their price in 2021, so it doesn't hurt to invest in the top altcoins for today, and wait until next year. But you have to remember that investing all your money into altcoins is not recommended. If you believe the altcoins will increase in price in the next year, then just invest some of your money in the top altcoins.

As long as he can invest in the top 10-20 coin lists, he will see the coins list increase at the right time.
But do not expect that altcoin he bought will increase in the short term, although that is possible to see the altcoin will rise soon.
Maybe the trend of bitcoin rising still continues, and the altcoin needs to wait for more, but it will happen soon.
He should invest in bitcoin in a large portion as a bitcoin price can increase again anytime.

[coin_1122]

BTC dominance may increase slightly during this period. People hear the name Bitcoin more than cryptocurrencies. When Bitcoin comes to a solid place, other altcoins will be preferred too.

In cryptocurrency everything we have to wait patiently, now Bitcoin is in the dominance mode, so most of the altcoin will lose its value. So people who have faith towards altcoin can buy now because when the price of Bitcoin increase/decrease, slightly altcoin prices will decrease.

[inanilujimi]

If you observe from history maybe this is the right time, moreover, many altcoins that are in 20 CMC are currently developing more innovative systems, it is undeniable that the dominance of bitcoin in the market is too big, so as time goes by, I personally sure that the altcoin season will be there soon after bitcoin dominance has weakened somewhat.

[santiPOGI]

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%.

Since Bitcoin continuously spike in the market, its hard to invest em now that's the truth. So, the best alternative now is to buy altcoins for us to gain bitcoin. Just be wise in buying altcoins in every exchange, due to if you choose the right one surely, you can earn good and big in the end, this is what I did at the present time now. 

[DonFacundo]

I also believe that the history will repeat but we really don't know when will happen the alt season. It's difficult to predict but if you believe the alt season will occur soon then go buy your favorite altcoins. For me it's not the right time yet to buy some alts because I'm afraid that once bitcoin will go down maybe the alts will affected, bitcoin has reached the ATH so anytime it can go down.

[Lavander]

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'm not really sure if the altcoins are in Bull trend now as what I see most of them are in green but I'm not quite sure if they considered as bull run now, so far all my coins was in Bitcoin and Ethereum and I'm curious too when is the right time to buy altcoins.

[bison]

if the current market situation is focused on bitcoin which gives me a surprise we don't need to panic about our altcoin assets which are actually experiencing a decline. not all altcoins are negatively affected by the bitcoin pump. some altcoins can also get a positive trend from the bitcoin pump. but if you look at some of the potential coins that the market is currently experiencing, I think it would be better if we add altcoin assets in our wallets. however, bitcoin's huge influence will tie up altcoins in the market as bitcoin dominance continues to increase.

[konflikkastil]

Presently, it is not the best time to buy altcoins, and if you must do that please, do with caution. Cause checking with the current update in cryptocurrencies world, things are going pretty well for BTC and it's will be good if everyone can make use of the present high in price. But if you still have some altcoins in your portfolio that's still doing very great. You can leave them to appreciate and cash out big on them later.

[atjiat]

Presently, it is not the best time to buy altcoins, and if you must do that please, do with caution. Cause checking with the current update in cryptocurrencies world, things are going pretty well for BTC and it's will be good if everyone can make use of the present high in price. But if you still have some altcoins in your portfolio that's still doing very great. You can leave them to appreciate and cash out big on them later.

As we have always noted over the past years, following the rise in prices for Bitcoin and Ethereum, prices for other cryptocurrencies begin to rise. Given the current performance of Bitcoin and Ethereum, the same is expected for altcoin rates. But since altcoin is not very active today, you can use the current period for investments, because after the New Year the indicators will be green.

[BDBitcoinExpart]

It is a little dangerous to buy altcoin until the market is stable. If market correction is taken, altcoin price may crush. So we should wait till market correction is taken. There are many good coins that can be found at a good dip during correction. Then you can expect to get good profit by investing in those coins.

[Marble777]

yes, it's not too late if you buy at current prices. let's say with the altcoins ETH, LTC, BNB and TRX I think you can consider some of the altcoins I mentioned. besides that, the BTC movement is still significantly up, it is likely to have an impact on other top altcoin prices as well.

[sapnu]

It is a little dangerous to buy altcoin until the market is stable. If market correction is taken, altcoin price may crush. So we should wait till market correction is taken. There are many good coins that can be found at a good dip during correction. Then you can expect to get good profit by investing in those coins.

The market is really unpredictable since every token is volatile in terms of value, maybe there are some tokens that are stable but that is not really profitable. As of now, it is really risky to buy some altcoin since the price of every altcoin is going along with the price of bitcoin, what I mean is that the bitcoin's price is rising up and we all know that, the altcoins also rising up. The best technique when you want to buy some altcoin is to buy some of those when the price is at a low value, but since we cannot really predict when it is gonna happen, when is it gonna pump. That is why you should choose some good altcoin that is profitable.

[Benefactor]

It would be more smarter to center to Bitcoin for the interim as its cost is as yet on spike, at that point contribute with altcoins when Bitcoin begins to go down once more. The value crossing $20k is a major information and the equivalent has made individuals consider altcoins siphon. Perhaps there'll be market development, and the equivalent is made out of continuous use increment.

[pixie85]

It depends what altcoins. Some altcoins follow the bitcoin's trend but some do not.

I could give you a number of examples. XRP is considered a BTC rival so it doesn't pump with BTC. When people see Bitcoin pumping they dump centralized cryptos and total shitcoins they consider the least valuable.

ETH will pump with Bitcoin and so will litecoin. You can see how they reacted to the last few days. The weakest shitcoins like BSV will dump.