Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on December 07, 2019, 03:47:20 PM
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Lately base on my trading experiences since the first quarter of 2019, up to present most of altcoins price was continue to decline and falling from time to time, only few coins was showing some positive price movement but it will not stay for long period, at first i was thought that its just a form of correction but these time its almost a year already and the trend was still the same. that's why i'm doubting now! what was the reason behind in this continues price fall?
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The growth of Altcoins in 2019 seemed very slow, and when Bitcoin was pumping very high, Altcoin was only slightly increased. Everyone has waited for the Altcoin season to happen again as the year 2017.
And if the opportunity for the year 2020, I think the chance of our revival of Altcoin is enormous. And I think it was a time in the year 2020 Altcoin back successfully.
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Unfortunately, altcoins have been falling for 2 years in a row and I’m not even sure now that altcoins will grow in 2020, because in 2020 there will be bitcoin halving and investors will pump only bitcoin and there will not have money for the altcoins pump, so it’s possible that there will be an altcoin pump in a couple of years, at best, the main question is whether there will be altcoins pump at all?
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I think not only is crypto currently in decline, the international stock market is also experiencing the same thing, let's see next year, I still hope the altcoin trend will be the same as in 2017 when there were many ico at that time and now I hope there are many projects New companies running IEO can increase trading volumes and altcoin prices next year
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I think that there is every chance that prices will go up. But for this to happen, we need something really loud. I hope that next year we will witness this growth.
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Of course, It will have a chance to recover in the next year. Altcoin price depends on the Bitcoin value. When Bitcoin can rise significantly, there will be a chance for altcoins to have higher rates/prices. In the next year, there is a big chance for Bitcoin to soar, then altcoins will follow it.
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There was alot of cryptocurrency dump since the year 2019 started in the crypto industry which contributed to rise and fall of altcoins and I believe that in the year to come which is 2020 many altcoins will recover in price value.
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Altcoins have not only a good chance of price growth, but also good opportunities for this. The rise in altcoin prices is now held back by the price dominance of bitcoin. However, this cannot last too long. Yes, it is not profitable for the main players in this market. I am absolutely sure that soon we will see a good growth of our altcoins.
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Bitcoin price is reducing from 2018 and 2019 full time but many experts say bitcoin will be high in coming year 2020 with halving possibility.
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Investors have high hopes since 2020. The predictor is also very excited, this year all altcoins will be recovered and the prices will increase a lot.
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Of course, altcoins have every chance of recovery in their prices. This is sure to happen, since the cryptocurrency market is developing cyclically and altcoins have every opportunity for such a recovery. However, for the time being, one should not hope for the return of the prices that were in them when Bitcoin rose in price to $ 20,000.