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

[oktana]

I think you got a typo in your topic title
Anyways, I think that we will see another bottom in this year. The year is still young and we’re only in the 1st quarter yet. I believe that even Bitcoin would still get lower eventually but will keep recovering as well. It isn’t so easy to predict now that the market seems hot. I was looking at the chart a few days ago and Bitcoin is a lot more volatile with rapid price movements. So it could go any direction, but going all up for the rest of the year is something I don’t really trust to happen.

[1714769873]

1714769873

[bluebit25]

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? 

I'm not too sure the price will continue to fall, but I know it's an opportunity to be able to carry out my plan to accumulate more altcoins. But of course there must still be contingencies for the price to fall. Currently I am expecting that before the halving we will have a big correction and will witness the red color of altcoins, causing confusion to spill.

But it must also be said that in the short term we easily lose control when witnessing profits/losses, and remember one thing: don't sell what you own because it's only for a period of next 1 - 2 years it will bring big profits.

[Bureau]

The correction happened because of Bitcoin and I am expecting further correction in its price. Correction is good for the market as it will help Bitcoin break its own ATH and get to a new one. If Bitcoin is getting corrected then altcoins will follow and I am expecting at least 30% or more correction in altcoins. Some of them like Solana due to their demand are still holding tight and not getting that much affected. Whereas the meme coins are going through a big dump which was again anticipated as they are pump and dump coins.

[AVE5]

Just as your observation that the AltCoin kinda retain valuables after the bitcoin also pulled some little up heigh, probably the AltCoins would keep up leaning its potentials there on bitcoin which bitcoin itself has been fluctuating in values which there'd would always be chances for accumulating.
Yes it's true that since the bitcoin has dropped in value, so also the AltCoins has also pulled back and Investors are also taking advantages to accumulate more of either their bitcoins and also there with there AltCoins to increase their holdings.

[Sayeds56]

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.

Please note that sometimes the idea of it being the "last chance" can create a sense of urgency, but it is essential to approach investment decision with careful considerations rather than FOMO (fear of missing out). markets are dynamics and unpredictable. Therefore, the best strategy is to accumulate coins/tokes by employing Dollar Cost Average (DCA) to maintain the average cost of investment at lower level.

Solana at current price of $180 presents good opportunity to start gradual accumulation, specially considering the potential for further decline, if the Bitcoin market turns bearish.

[AnonBitCoiner]

Presently market is not pumping as bitcoin prices reduces to 63k$ today but now we have some days remaining for halving which refers to the fact that all altcoins will again boom and will touch new ATH very soon. Altcoins are also showing little dump but it's not a matter to be worried because it offers a better time for investors to invest at lower price so that they can get profit in coming months.

Previously people were afraid of investment in altcoins but now everyone is in struggle to invest something in altcoins because of pumping phase of some altcoins like Ethereum, BNB, Solana and many more.

[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.

Please note that sometimes the idea of it being the "last chance" can create a sense of urgency, but it is essential to approach investment decision with careful considerations rather than FOMO (fear of missing out). markets are dynamics and unpredictable. Therefore, the best strategy is to accumulate coins/tokes by employing Dollar Cost Average (DCA) to maintain the average cost of investment at lower level.

Solana at current price of $180 presents good opportunity to start gradual accumulation, specially considering the potential for further decline, if the Bitcoin market turns bearish.

it's a bit huge already when you buy SOL, there are lots of cheaper coins out there. I'm already glad i bought some Matic for under a $1. $180 will be huge when you have plenty of coins and the altcoins soar.

the bottom i think has been reached already and it's just a gradual climb this time but it will burst any moment. it almost reaches $80k and then $60k so now its already bouncing. i think its time to buy.

[Obim34]

We should not hastily advocate for the year, our thoughts should remain positive but it's fair we are just speculating on the matter and as time goes on we get to face the reality if this is the actual climax of the correction or more are still ahead. I guess your speculation is based on the fact that Altcoins are expected to flow same way with Bitcoin after the halving making the price of most Altcoins to increase, it could be true but still not certain. It's advised we do not neglect this current price to begin investing, who knows it might happen just like what you said, the odd seems high.

[johnsaributua]

Even though the price dropped, I think it is still in a resistant condition and quite high. There are facts that support the decline to buy at a certain price even though it is too risky to go down again. For coins that are stable at all-time prices it may be worth saying cheap, but for some altcoin holders the whales in my opinion it is just a new starting point, it will indeed be felt if the capital is large as well as if it reverses direction. It is very useful to open positions with large amounts for corrections in bearish seasons like this.

So far I still hold matic, ethreum, bitcoin, bnb, opbnb, and base waalu in small amounts .

What is very significant is that I am impressed with solana even though I sold it too soon, it was able to exceed 2000% from last year, omg. I should be very optimistic with market conditions like this to add loads. For the movement of other altcoins for me is still reasonable in the looming bitcoin rally, actually there are many altcoins that can potentially keep up this year with the encouragement of the community as well, just be selective and capital.

[Bushdark]

We should not hastily advocate for the year, our thoughts should remain positive but it's fair we are just speculating on the matter and as time goes on we get to face the reality if this is the actual climax of the correction or more are still ahead. I guess your speculation is based on the fact that Altcoins are expected to flow same way with Bitcoin after the halving making the price of most Altcoins to increase, it could be true but still not certain. It's advised we do not neglect this current price to begin investing, who knows it might happen just like what you said, the odd seems high.

From the history of the crypto market, I think we should keep expecting something like fall and rise.
This is the pattern which the market had been following and we need to make sure that we follow too for us to keep understanding the market and what it has for us. It is better we keep doing what we need to do to make sure that we learn from the market and make money too. The price of Bitcoin has been trying to balance liquidity so other investors can get it to keep the price stable and surge for another bull reason.

[Sayeds56]

it's a bit huge already when you buy SOL, there are lots of cheaper coins out there. I'm already glad i bought some Matic for under a $1. $180 will be huge when you have plenty of coins and the altcoins soar.

the bottom i think has been reached already and it's just a gradual climb this time but it will burst any moment. it almost reaches $80k and then $60k so now its already bouncing. i think its time to buy.

Certainly, the price Solana seems higher compared cheaper coin such as Matic which can be bought under $1. Matic is also my favorite coin and it has potential to go 5X from its current price. However, it is important to note that Solana's higher price reflects its greater demand and wider recognition among investors. As a strategic move, I would consider allocating 60% of funds towards acquiring Solana, while reserving the remaining 40% for Matic.

[Essential10]

Bitcoin broke its past record highs. Bitcoin has many bullish moments before Bitcoin halving. Although Bitcoin took some corrections several times this month, Bitcoin price is still very high. ETH, BNB, SOL are performing well around this bullish moment in Bitcoin, although they are still far behind their past records. Investing in altcoins in the current market would not be bad because there is huge potential from altcoins when the bull market starts after the bitcoin halving.