Do you this the current correction was local bottom price for alts?

[The Cryptovator]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

[1714318129]

1714318129

[1714318129]

1714318129

[1714318129]

1714318129

[JeromeTash]

I think altcoins still have a long way to go up. ETH, BNB, SOL etc. have not yet even gone past their previous all-time highs. Another thing I am still considering is Bitcoin's new all-time high isn't so far away from the previous one, halving isn't yet here. I still think there is huge room from the bull market. The recent dump was probably just a normal market correction

[bitterguy28]

Hmm it seems that altcoins would be doing well in the near future at least after bitcoin halving even with bitcoin drawing back, a lot of projects are still doing well which actually i think is related to each other. I think a lot of investors are converting their bitcoin to other altcoins pumping the latter and decreasing the former anyway i think there are still a lot to see when it comes with altcoins so you are right with any correction make sure to accumulate as much as you can.

[JeffBrad12]

following the chart thats been shared over and over by people out there indeed i've predicted as well that eventually the correction gonna get back up again and i've made some good accumulation of ethereum and yes its giving me quite the profit already.
people seem to forget that there will always be accumulation zone whenever there's gonna be last big rally and its exactly the time, thats why you see pullback not much influence towards the overallmprice of the cryptocurrency in general.
for altcoin I think its already reaching bottom as well I mean altcoin among the one that got affected the most therefore its kinda make sense to think that altcoin have reached bottom where bitcoin and ETH starting to gain some recovery.
regardless I always buy the dips and DCA its such good opportunity, we might never see current price again in the future since maybe the bottom floor gonna be higher than current price.
i have faith that bitcoin could reach $100k at some point or even more.

[Kelvinid]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

Uncertain -- in fact, most of us never think of a sudden drop happening in the past few days. This is why we can't assure and live with confidence that there is a continuous pump instead, anticipate a possible pullback. Despite the bullish condition of the market, we're still expecting possible dumps anytime and we keep experiencing this event. Of course, the faith in these known and old coins like ETH has not changed and the chances for another high run are possible rather than expecting another bottom.
Keep holding, that is the best thing we can do in this unpredictable trend. The new ATH hasn't yet reached, I guess we need to stay strong and ignore the dumps.

[Husires]

The rapid collapse in the price of Bitcoin confirms that there are no support or resistance levels between $73,000 and $62,000, which means that if something bad happens, the price will easily break the $58,000, panic and FUD may lead us to the $52,000 or even $48,000. but without a real variable occurring, I do not expect this to happen or that we will see levels below $48,000.




A decline below $60,000 necessarily means $48,000.
The average price of $48,000 is the lowest fair price at which you can buy Bitcoin in the current circumstances unless a new variable occurs.
At present, we can visit $58,000 easily.

[electronicash]

i think this is the last chance for anyone who hasn't bought it yet. the market sometimes shows its mercy by being cruel to the weak hands. somebody sold lots of their SOL below 180USD. there are hundreds more of the altcoins that haven't gone up too well. we may never see the same price again even after this bull market. the adoption today is not the kind of adoption we have back in 2020.

[Beparanf]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

Altcoins already grow a lot especially those blockchain and meme coins. A correction on Bitcoin will hit altcoins much worst correction so if Bitcoin possibly correct after halving means altcoin will suffer more and will print bottom price.

It’s really tempting to purchase now that the market is bullish but this is the common mistake why many people on different crypto cycle keep buying at the peak price and left out when the dip occur. There’s always a perfect entry which correction is greater than 30% decrease from the price peak. That’s my target before I start accumulating again alts.

[Mate2237]

Ethereum is still down and trying to recover itself and to buy Ethereum now is a problem because the transaction fee now is something else. I bought Ethereum from two different ways to accumulate some Ethereum so that I will also be an investor of an altcoin and will not hear from other people and the charges I paid was too big. And according to some investors there is an another means to buy it either in Solana network or another but Solana network too is congested so to invest in those first class altcoins now is a big problem if not this is the best time to invest.

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

[Husires]

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

Are you investing in Ethereum in small amounts? The transaction fees are about 20 Gewi, which is not exorbitant compared to the past, and an average of $20 is sufficient for most transactions. If you invest $1,000, you only pay 2% of the transaction value as fees.



If transaction fees are the problem, Solana network is a temporary solution. Invest in layer 2 tokens.

[DeathAngel]

I know hindsight is a wonderful thing but looks like we are set to go down again & test short term lows once more. If Bitcoin doesn’t hold a test of 60000 then I think it could get ugly for altcoins. I’m really hoping for recovery over the weekend, at least the GBTC outflow might stop.

[Zaguru12]

The Ethereum I got last week when I started the investment. Even Ethereum hit $10k I will not make profit because the transaction fee cut everything and gabe me very small unit. When I measured the amount I spent to buy the coins in an exchange, it weighs was 0.01 but the unit which released to me was 0.006 for the both sides. So it was not encouraging to acquire more again.

This is because you were actually buying small amounts. Any one trying to invest in Ethereum based chain coins my advice is you’re buying the smaller amounts then you need to risk and leave it on the exchange, although the Ethereum network fee is always the highest due to congestion it sometimes reduces sometimes. But for someone buying like a $500 worth of the coins, the fees are f CT considerably to me.

Note that buying a coin with something like a Solana is different from that of Ethereum.

[Geurangsang]

I think what happened the last few days was just a correction from the market. I am sure this bullishness will continue because there is another point in the future, it's the ETH ETF. Even the BTC Halving has not happened until now. ETH ETF will make ETH have a higher value and of course as we saw in the previous period, when BTC and ETH rise it will always be followed by another Alt. Maybe many Alts will not move, but certainly not a few will experience improvement when the time comes. And I think it's time to enter to the market because it's not too late.

[crwth]

I think we are at the bottom and we are waiting to go to the next ride upwards. Hoping for the next ATH and money coming in. I do hope that the alts get the ride as well. It's really going to feel like the bull market if we continue to rise in price. I do hope that we do soon.

I have garnered some money and put it into ETH. Currently waiting for some recovery. I have input as well in SOL.

[Yudhisthir]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

Of course it is, many of the altcoins had or were about to hit their ATH and a correction now means people are accumulating at a rapid pace. There are greed all over and people who have entered early are not willing to sell at at current price while new holders won't sell for loss.
But for the altcoins to hit another bull run, I think BTC have to take the lead again. The BTC breaking it's small ATH lead to the last one needs to be broken again and bitcoin needs to rise to about 100K (maybe 98K as 100 would be a great mental resistance) for other alts to break their own ATH and many of the alts would outperform BTC.

[snowpega]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

As we have faced two recent dumps in the market one some days ago and another is for now at the time of the creation of this post as the market start to bleed again. In my honest opinion, we should DCA from point to point like I mean we should have some available some usdt for these kinds of dumps so that we can buy them easily. Besides this in my point of view we may see a big drop just after the halving event there we can buy back easily hmm buy back like if we have booked profit from some altcoins we can buy back again in the coming time.

We should stay ready for the coming buying opportunity it is only possible if we have available USDT currency in our portfolio. Well in the last dump of the market, I did some buying there i still would like to buy more depending only on the condition if USDT will available otherwise I will keep holding my assets as it is. well dear are you buying or not at the current dips or not? must share your side of the story I would like to know. Thanks!

[Sophokles]

Many of the altcoin came back close to the price from where it started pumping. This can be the local bottom of the price and if bitcoin price won't change from its downtrend then we can see the alts to bleed more. If it tank down a bit feom here it will be a quick crash that will be created only to wipe out all the future position in both direction.

[wheelz1200]

I feel like it is.  A lot of consolidation right here but watch bitcoins price because that drives everything in a bull run.  If bitcoin goes up alts thrive, if it goes down altcoins bottom out.  I'm guessing we hit a local bottom but am watching closely.  Might go sideways for a couple months leading into the bitcoin halving.

[nelson4lov]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something?

It is my belief that we might still see another pre-halving market dip. A quick look at the market right now will tell you that the overall market looks very week and I feel like the current run was already over extended. That's why I won't be surprised if we get to see another market dump maybe more than the most recent dip ~ sub $60K Bitcoin and Sub 3K ETH looks like a possibility here.

JPMorgan released an update recently that Bitcoin is overbought. This was only after my bias had flipped bearish. The Grayscale sells in the last week only confirmed my bias.

[batang_bitcoin]

As we have encountered a significant dump in the crypto market, do you think it was a local bottom for altcoin as well? Today seems the market pumped again, and alts seem to be getting back to their price range. Do you think we will see another bottom for altcoin again this year? I feel this was the last chance to accumulate altcoins, and anytime would fly major altcoins like Ethereum and others. We might not see that bottom again unless the whole market crashes back. So what's your thoughts about the last pullback? Have you accumulated something? 

And again the market gets into the dumped. This is another time for the market to give those that haven't bought yet whether Bitcoin or altcoins is their preference. The last pull back was surprising although we always get to see Bitcoin recover but not that quick as less than 24 hours had passed and then the market had moved back to the top. Then, today, we're experiencing some dump again and let's see if the same pattern of recovering in less than 24 hours will occur.