Re: Is it time to buy now? top coins lost almost about 50% of their ATH
hi, i am a noob. wanted to buy but high prices scared me. now it's down and it scares me too. do you think we expect a comeback soon or even bigger drop?
Nope when you say they are down by 50%, do consider the fact that it is due of BTC fall. All coins are BTC proportional and you are seeing everything red because BTC is red by huge variant. Just change the base currency from "BTC" to "USD" and you will see real market.
Now about market price and suggestion to buy coins. My answer would be 'NO'. It is presently better to buy BTC only. If you buy any other big cap coin, its rise would be less than BTC till New Year. BTC will on another rally as minimum viable point has been reached. Now onwards, it will on run to $18K and possibly $20K by New Year.
Thanks for the advice. 18k by New Year seems very optimistic considersing the fact that it's almost New Year already
