Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Master107 on December 17, 2020, 04:01:47 AM
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Bitcoin broke the $20k limit and hit $21.8k but the altcoins doesn't show something to bullish. However, if the trend is going up and will last for a long days, altcoins could be the next to pump to follow the trend of Bitcoin.
Do you think we can see the market in great bullish next few hours or days from now? If yes, why and how optimistic you are?
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Bitcoin is the one making a big jump these days, leaving many altcoins behind. I am not so sure if any day from now altcoins can be making big gains as seems to me that the powering factor -- institutional money -- is not interested so much with altcoins. Well, hopefully the story can be different by the start of 2021. Now, adding to the pressure to altcoins can be the possibility that many altcoin holders converted their holdings to BTC just in time for the pump.
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It was early 2017 that bitcoin price normally affect other coins in the crypto market immediately the price start rising but as time goes on bitcoin start rising alone leaving altcoins behind. Just as bitcoin jump into $21k dollar as of yesterday before altcoins will start it will take almost a week before bitcoin bullrun affects other coins in the market I think that's the new development in the crypto market.
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If this somehow followed the same pattern as of in 2017/2018 bull run, I did say am highly optimistic, but as it is, nobody can predict what will happen with altcoins, yes, since bitcoin is going up, it's normal reasoning if I say that altcoins are supposed to follow as soon as bitcoin retraces, but one can never be sure, I guess all we can do is buy, hodl and wait for the magic to happen.
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This trend is almost the same as the bullists in 2017, I'm not saying it will completely be the same, but once Bitcoin hits the latest ATH in 2020, I think altcoins will follow this trend.
January 2018 I saw Ethereum having the highest price and several other altcoins showing the same increase in price following the crypto market price. I believe altcoin price will go up soon and see the top 10 altcoins will reach new ATH at the end of the year or early 2021
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If this somehow followed the same pattern as of in 2017/2018 bull run, I did say am highly optimistic, but as it is, nobody can predict what will happen with altcoins, yes, since bitcoin is going up, it's normal reasoning if I say that altcoins are supposed to follow as soon as bitcoin retraces, but one can never be sure, I guess all we can do is buy, hodl and wait for the magic to happen.
Hahaha... Magic? ;D
Magic in this Christmas season.
Merry are those who bought Bitcoin when it was dump and sell now at $22,000. I'm excited to see altcoins in bullish trend to follow btc.
Yeah, we are not sure of what will be the next phase but we are highly optimistic that the market will not turn into red later rather continues to increase until 2021. Just hope it will.
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Personally, I am an optimist, so in the coming months we will see a bullish run of altcoins. I look forward to this with great impatience.
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Bitcoin broke the $20k limit and hit $21.8k but the altcoins doesn't show something to bullish. However, if the trend is going up and will last for a long days, altcoins could be the next to pump to follow the trend of Bitcoin.
Do you think we can see the market in great bullish next few hours or days from now? If yes, why and how optimistic you are?
I think alt will bleed too if BTC shows a sudden pump. Many investors will sell their alts and convert them into BTC by following the BTC bull run. But once BTC becomes stable after its bull run we could see the next alt session because many people will move their funds to alt. Actually, it's all just a prediction so it could go in a different way too.
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I am very happy to see Bitcoin ATH reached in 2020 and this situation will have a direct impact on altcoins as investors will choose a coin with a lower price than Bitcoin because investors want a choice of coins for a large amount of profit.
Altcoins are already showing a bullish sign since Bitcoin is at the price of $15k, the current situation will increase Altcoin price in a few days, because there are some investors or whales who want other altcoins to reach the latest ATH and I think Ethereum will do that soon.
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You need to look specifically at the goals of a specific project and its development in order to really assess the immediate prospects for altcoin pricing in the cryptocurrency market. But if we assess the situation, which in most cases is provoked by speculators and manipulators, then such an altcoin is very dangerous for investments, especially for a long period.
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Altcoins have also increased in price, and I think that by the end of 2021, altcoins will grow in price just like bitcoin, but of course everyone is waiting for the same altcoins pump that bitcoin had and I think that such pump will be, and I think exactly in 2021 altcoins will go up in price very strongly.
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Bitcoin broke another record today. Those who invested in it are probably very happy, unlike those who bet on altcoins. But apparently, altcoins will not remain in place, and their next growth will take place. And how big it will depend largely on how much investors trust Bitcoin. It is very difficult to predict the top point of trust.
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I am still in the position thinking the other side of coin that altcoins could not join the bullish of bitcoin. Just try to observe the market how the altcoins bounce back to remain at its price while bitcoin is in progress. If bitcoin will dump before the end of this year let say from $30k back to $20k surely altcoins will be in pain.
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Now the price of bitcoin has already reached $ 23,553 and continues to increase right before our eyes. Altcoins are showing more modest growth, but all the same, everything is green and some have grown by more than ten percent in a day. As a rule, altcoins lag behind bitcoin in price growth and if its high price lasts for a while, then they should show their good growth. There are already two weeks left until the end of this year, and altcoins may still noticeably rise in price. With the expected long-term growth of bitcoin, the price of altcoins should grow well next year.
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I am quite optimistic about the current market trend, because learning from experience, usually altcoin prices will follow bitcoin. That's why I keep investing and holding on to ETH, BCH, LTC and a few other altcoins.
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While bitcoin is growing, altcoins are also growing against the dollar, but there is no growth against bitcoin. I hope that sooner or later the altseason will come and the dominance of bitcoin will weaken. In the future, I think all altcoins with a real product should give at least x1-x3 at least.
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Bitcoin broke the $20k limit and hit $21.8k but the altcoins doesn't show something to bullish. However, if the trend is going up and will last for a long days, altcoins could be the next to pump to follow the trend of Bitcoin.
I'm still waiting for the inevitable pump of altcoins, whether this means they will go up in fiat value or not. Many seem oversold against Bitcoin right now, while Ethereum to me looks bullish and ready to bounce. Bitcoin has been oversold for weeks now, I think it's long overdue for the altcoins to shine soon.
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As this market mature, the more we have huge adoption of cryptocurrency across different fields just the way we had DeFi in just recent trend, I think by next year we will have something similar and better.
You don't expect it, it comes as a wind by power of decentralization and Fomo ( plus little manipulation).
Without fomo, there wouldn't be a season just like the way we are recently experiencing bitcoin pump, there is no fear, everyone is ready to buy even at $20k. That's how Fomo began at every season.
So in summary to your question, altcoins season will emerge when we have enough pump to bitcoin.
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The value of bitcoins has now risen much higher. Which was beyond the imagination of many users. I sold bitcoin last month. I wouldn’t sell bitcoin if I knew the predictions. There is a tendency to increase further.
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Altcoin price increases haven't looked like Bitcoin, but altcoins have provided signals with price increases of up to 24%.
If we see the coingecko of the market capitalization increasing, it means there are investors who want this situation to happen and we just have to wait and place orders on the exchange to get a high profit from holding altcoins.
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Bitcoin is amazing, the price went up high at the end of this year. But why hasn't it been followed by Altcoins like in 2017, It seems that for now the Altcoin price will not follow Bitcoin bulls, and will only increase slightly.
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Bitcoin already passed $23K, bro. I think Bitcoin has improved quite big and maybe there is a correction in the near future. I am optimistic that Bitcoin continues to increase again in 2021 because many positive news and supports to Bitcoin. But it won't increase every time, there should be a correction after the current bullish season.
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The price of Bitcoin has already increased a lot in 2020. Currently Bitcoin is much better. It is expected to improve further in the future. With the development of Bitcoin, the price of other coins will increase.
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I am very optimistic, we will see Bitcoin can reach its peak before 2020 ends. And it will definitely be followed by other Altcoins. And now is the right time to choose Altcoins to invest, because I am optimistic that the Altcoin price will be bullish in January next year.
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Bitcoin broke the $20k limit and hit $21.8k but the altcoins doesn't show something to bullish. However, if the trend is going up and will last for a long days, altcoins could be the next to pump to follow the trend of Bitcoin.
I'm still waiting for the inevitable pump of altcoins, whether this means they will go up in fiat value or not. Many seem oversold against Bitcoin right now, while Ethereum to me looks bullish and ready to bounce. Bitcoin has been oversold for weeks now, I think it's long overdue for the altcoins to shine soon.
If we're not wrong it seems Time is over. In few hours or days we could see Altcoins are shining. Haha
There is a time to saw. A time to hold. A time to wait further. And a time to shine and harvest profit. Bullish is on the way.
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I am sure that the whole market will go up with the growth of bitcoin, because the hype around it allows more and more people to enter the crypto world and invest in cryptocurrency, altcoins are no exception.
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In the past, 2020, the growth of the cryptocurrency market began in October and continued until April of this year. There were high hopes that the situation would traditionally repeat itself at the end of this year. However, prices have simply fluctuated for a long time. After another recession, a wave of growth has begun again. But how long and high this growth will turn out to be, no one knows. Price growth may continue and become significant, or after a while prices may fall again. For now, let's hope that at least the last month of the outgoing year will be positive for cryptocurrency holders.
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I'm holding altcoins, not bitcoins, so I expect altseason. Bitcoin has gone from 3.5K to 67K, and the volatility of BTC is not great, while altcoins offer a much larger profit potential. I have been following MANA & SAND, I finally decided to invest in ENJ, hope I was not wrong ^^
Currently BTC is under 60K USD, I wait for BTC event to reach 100K USD.