Is this a bad time for altcoins?

[freedomgo]

Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017.  So it is not right to invest in anything now

Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too.

bitcoin and altcoin have strong rellation in market, every bitcoin movement it could give positive or negative effect to altcoin. sometimes they move parallelly and some time have different direction. if bitcoin price keep dropping , it will be bad moment for altcoin . most of them will continue dropping.

Not every movement IMO, because just like now, the movement of bitcoin is bearish, therefore it would not give a positive effect on altcoins, they will also dump, and there are even instances that bitcoin is bullish but altcoins are still not moving the same movement of bitcoin because people are divesting their money on altcoins to invest with bitcoin.

[seleme]

Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017.  So it is not right to invest in anything now

Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too.

bitcoin and altcoin have strong rellation in market, every bitcoin movement it could give positive or negative effect to altcoin. sometimes they move parallelly and some time have different direction. if bitcoin price keep dropping , it will be bad moment for altcoin . most of them will continue dropping.

The correlation between top cryptocurrencies and altcoins can be a good indicator to invest in altcoins with huge potential. Since the ROI of altcoins has the huge potential, investing in the altcoin markets looks like a sweet deal for all market participants. Otherwise, it is usually flat prices on the BTC market. The flat line trending market doesn't mean the traders wait for breakouts, buying at the support and selling at the resistance lines can leave a sweet profit for the smart traders who likes to trade timeframes less than 1 hour.

[speedforce]

It's a paradox, but it's just like that, and I can also explain it: people want to do their x10 quickly, they are not interested in fundamental fundamentals, the only thing that counts is a lot of profit and immediately, that's why this hysteria is around strange coins.

Yep, its a good reasoning, same like how people interested on Ponzi and another scam, they manipulated to have a quick and high profit.

[LordMiguel]

As long as Altcoins depends heavily on bitcoins, they are having the same bad time as bitcoin. the market follows exactly the same way with bitcoins.  i think that when we claim that the market has no body controlling it. it is hard to make such prediction. i honestly think that who ever controls the bitcoin market will dominate the entir trade market. it is very simple.

[viananda2525]

if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.

[Smitty Werben Man Jensen]

if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.

Maybe what you say is true and so it looks like before the end of the year there will be bullish,
however we can not predict just like that we also have to monitor market movements,
the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems

[ILuckyGuyI]

I think the main reason is the high popularity of meme coins recently. I see many devs starting to develop this kind of coins to make a good profit. And to be honest, they are doing the right thing. Because thanks to Elon Musk, animal coins are still people's favourite in the recent times.

[andriarto]

if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.

Maybe what you say is true and so it looks like before the end of the year there will be bullish,
however we can not predict just like that we also have to monitor market movements,
the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems

the market is difficult to predict, we don't know when the bullrun will restart, but for now not all altcoins are bad, there are several altcoins that are trusted, especially those that are at the top of the coinmarketcap rankings. but we have to be careful when altcoins that have no real function soar, then it could be possible that this is just manipulation

[kevindjunaidi]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

meme coin has a big community to make its price increase very high, but I believe in the long term that communication will decrease, because meme coin has no function, so people only take advantage of the popularity from meme coin to get profit and when they have made a profit, then I'm sure they will sell it and that will make meme coin no longer popular, so the price will go down, therefore I think investing in meme coin is very risky.

[Tahsin Kabir Kollol]

We all know that when the price of a bitcoin goes down, the price of altcoins also goes down. Bitcoin and other cryptocurrency prices have reached an all-time high and after a crash, they are currently on the sideway. In addition, most investors invest in altCoins in the hope of making a higher profit and quickly withdraw from any negative situation. So suddenly the overall growth of any altcoin could be damaged and it could reach the brink of destruction. With so many coins on the market, many are losing faith in them and deciding to invest in major cryptocurrencies. However, it is possible to make a profit by investing in altcoins based on future prospects and project development plans.

[Christabel247]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Most of the project is based on their market structure, some shitty coin you found out there today has a good marketing strategies. Investor are easily convinced what they see despite the reputation of the project.

[distr@yopmail.com]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Most of the project is based on their market structure, some shitty coin you found out there today has a good marketing strategies. Investor are easily convinced what they see despite the reputation of the project.

when you can see more and more shitcoins on the market. they come and are listed on the exchange just for us to see and without project development. then something bad will happen to this market.
We have seen many incidents with many altcoin scams destroying the altcoin market.
if you look at it now, of course, you will focus on shitcoins from projects with a BSC network that is very easy to create and then listed on exchanges just to cheat. Such situations should be avoided. more successful projects will help the growth of the market. but on the other hand, if there are more scams or shitcoin projects it will make the altcoin market worse.

[fvb]

I think that at the moment, on the contrary, it is a very good time for altcoins. Now is the time to buy coins for good projects. Because in the future, the price of demanded coins will grow, as BTC and ETH will still show their growth. And together with them, projects that are needed for technology in general have useful potential.

[Rexler]

Some quality projects need enough time to developed. Strong project can bear the great pressure particularly during bloody time where shitcoins could be in doom. When bull run they may fly x20 or greater depends on the updates and market condition.

Quality projects takes alot of time to build before coming out, an example of such project is dfinity, the project took over 2years plus before the mainnet was launched and at the launch it was listed on all top exchanges in the crypto space, quality projects can withstand the bloody times because they have an incentive to pump later on, whilst meme coins will be in dooms day because they actually have nothing good to offer other than being a gamble coin.

[ivankoh]

It's a paradox, but it's just like that, and I can also explain it: people want to do their x10 quickly, they are not interested in fundamental fundamentals, the only thing that counts is a lot of profit and immediately, that's why this hysteria is around strange coins.

Precisely they thought it was beef fast food without seasoning, they shouted slogans and scarecrows with great exaggeration. Altcoins are in a destructive retracement, because most things have been satisfied and quantified too high.

Yep, its a good reasoning, same like how people interested on Ponzi and another scam, they manipulated to have a quick and high profit.

And among that reason, a series of defi projects on polygon or bsc are covering mats. And they happily call it rocket science. Lol

[herurist]

It's only natural that traders who still lack experience seeing conditions like today feel panicked,
with potential coins I don't think we need to be afraid and panic,
the market is currently experiencing a major correction so it may take some time to bounce back

Herein lies the mistake of beginners. because when they panic they immediately sell all the assets they have causing huge losses and they will immediately complain about bad crypto and will regret it when the price starts to creep up again.
and here the role of reading and increasing knowledge is needed at least even though we are still beginners we don't need to panic and start playing it safe especially when it comes to the money you have

[bekti3]

For whom a bad time and for whom a new opportunity to get rich
I believe that there will be another visit to the high and therefore i'm already gradually buying coins.

there's no need to delay it again, friends while there is a chance and have unused money why not but with a note that the coins you buy are safe. in the sense that the coins you buy apart from the fundamentals are good, the charts are also supportive and the coins are stable.
because if you buy coins but the coins you buy only put forward pumps and dumps and promotions from billionaires I don't think it will be good

[NewRanger]

I don't think it's a bad time for altcoins right now. altcoins that have strong fundamentals continue to grow and the team works professionally. so don't ever assume something that you don't know in detail

Every altcoin are affected at this time, the only difference is some are affected with higher percentage drop than others, example like solana (sol) is still holding strong despite how most coins were affected,  only very few coins have similar capacity like solana.

I agree with you. Indeed, Solana (SOL) is starting to move up again after experiencing a correction from its highest price. Most likely Solana (SOL) will push the price up towards its highest price even more.

Solana was one of strongest altcoin when crypto market down sharply. Solana fundamental looks strong , and many investors switching their assets into this project, if we another altcoin dump but solana could rise alone in market . Even it drop solana recovery very fast in compare to another coin.

I think that at the moment, on the contrary, it is a very good time for altcoins. Now is the time to buy coins for good projects. Because in the future, the price of demanded coins will grow, as BTC and ETH will still show their growth. And together with them, projects that are needed for technology in general have useful potential.

only good altcoin will survive in this bearish trend , even ethereum and binance price could drop alot since bitcoin dumped. Project with good technology will have attention from investors now , moreover if it could resolve problem that occur in crypto market.

[freedomgo]

I don't think it's a bad time for altcoins right now. altcoins that have strong fundamentals continue to grow and the team works professionally. so don't ever assume something that you don't know in detail

Every altcoin are affected at this time, the only difference is some are affected with higher percentage drop than others, example like solana (sol) is still holding strong despite how most coins were affected,  only very few coins have similar capacity like solana.

I agree with you. Indeed, Solana (SOL) is starting to move up again after experiencing a correction from its highest price. Most likely Solana (SOL) will push the price up towards its highest price even more.

This is no doubt one of the greatest altcoins project, one of the most profitable in the last bull run, its market is getting bigger and we will soon see a lot of projects building on the solana platform. If some investors were able to invest or bought it below $1, they should be in big profit now, but we should not stop dreaming from here, because it could rise as $100 each or even $1000 like ETH.

[BuNga_cute]

For whom a bad time and for whom a new opportunity to get rich
I believe that there will be another visit to the high and therefore i'm already gradually buying coins.

there's no need to delay it again, friends while there is a chance and have unused money why not but with a note that the coins you buy are safe. in the sense that the coins you buy apart from the fundamentals are good, the charts are also supportive and the coins are stable.
because if you buy coins but the coins you buy only put forward pumps and dumps and promotions from billionaires I don't think it will be good

I agree it's not a good thing to buy altcoins that are only used for pump and dump, if we force investment in altcoins like that, what is there is not
the profit that we get. But we can experience losses, therefore it is very important to choose altcoins that are indeed worth buying. Although
the current market conditions are bad for some altcoins, there is still a chance for us to profit from altcoins. The most important thing is to do
the best analysis and research, so that we can choose good altcoins for investment.