Why Altcoins May Drop Another 50%, Bottom in November ?

[bitman007]

As we know in Crypto Market Prediction , analysis , news, fundamental, technical , fomo, etc. etc. are making crypto world more strong day by day as well as confusing for many also and its part of crpto now.  I was just reading that One crypto analyst claims that a flash sale may be ahead in the crypto market, where altcoins like Ethereum, Ripple, Litecoin, and others drop another 50% in value. He may be wrong and may be right as no one is perfect in prediction or analysis, but we must read and learn from everyone who making efforts . 

As we know that already During Bitcoin’s 2019 bull rally, altcoins have mostly suffered, struggling to regain lost ground in USD value and dropping further in their relative ratio against BTC. With Bitcoin rising to new 2019 highs and possible embarking on its next bull run, altcoins have been bleeding out and capitulating and crypto investors dump their declining altcoin holdings in fear of missing out on Bitcoin bull run gains.

There is good and much learning read in this ariticle you can read : https://www.uptrennd.com/post-detail/why-altcoins-may-drop-another-50-bottom-in-november~Mjk0ODM=

 

[Shaniqua]

thanks for sharing but i never really put any trust in price predictions and stuff like that.. from my understanding is whatever bitcoin does, altcoins will pretty much do the same... untilt hat connection is broken, alt coins remain a slave to btc i think

[rajamishra]

hello friends it's true every prediction can not really but still we follow the trend  where it goes ups or down.if some investor like btc to promote for alts then its identify by their own identity ,hope after that alts are define their own price range for ups and down not  by btc.we are always wait for the appropriate time .

[echang426]

Really, everything that has happened in the crypto market is still new and hard to predict. The only constant has been the positive correlation between bitcoin's price and the price of alt-coins. The crypto market as we know is still not grounded enough to make fairly predictable predictions. All we know for sure is if you're going to invest, keep an eye on it and as hard as you may try to make informed decisions, just trust your gut and know that fortune and misfortune can meet you at every corner

[nuuuitsjdragon]

Hmm I was thinking with the recent Bitcoin bear market that dropped BTC to $4,000 back earlier this year... weren’t alt-coins following suit and almost everything dropped in price? 

That kinda seems like a flash sale to me because many traders could pick up almost every alt at a heavy discount as compared to now.

[Xantys]

My opinion is that altcoins are unnecessary duplication of each other. They also dilute the market and create lots of confusion. I don't care even if they drop even 100%, as long as there are a dozen of really capitalized ones. 

[allisonn]

I never really care for these predictions, you have to say something crazy to get eyeballs on your articles or interviews and when it doesn't happen it's just conveniently forgotten. If I really knew what would happen I would just announce the opposite anyway, to earn more money when my prediction comes true.

[Kate]

Umm thanks but no thanks ? Because these price predictions are just for luck they dont happen for sure and if it does really happen then that is just because of a whale that has done it no doubt of that. 

[nattekut]

alts have dropped insanely low after reaching their ATH and they are bleeding significantly. I am already buying into 50-60 different Altcoins for almost 6 months now and I will keep on purchasing more to increase my bags. Cause like you mentioned they can still keep going down further. but well for me it doesnt matter. Its money I do not need the following 12-24 months So I just will keep buying more of them and wait until they gonna moon again

[Etude]

Well I hope that it would not really keep falling further since Altcoins value has really shown much disparity in terms of value now when compared to Bitcoin. Most apparent affected currently as a major cryptocurrencies would Ethereum and Litecoin.