Ninjastic
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Topic
Board Altcoin Discussion
Re: Is it time to buy now? top coins lost almost about 50% of their ATH
by
webtricks
on 22/12/2017, 19:19:11 UTC
Quote from: coinmgnet on December 22, 2017, 04:06:33 PM
Quote from: webtricks on December 22, 2017, 04:02:12 PM
Quote from: Skizze on December 22, 2017, 03:54:49 PM
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 $20K by New Year. Wink
I strongly disagree with you. Let's say Bitcoin becomes 50.000 in 2 months. That's a 400% price increse (taking in consideration the current price).
If you would invest in a different coin, an altcoin, you could experience a 1000%-5000% increase.
When Bitcoin reached 19 000$, some altcoins had a 3000% price increase!

No doubt Bitcoin has already harnessed much of its potential and it is no longer possible to get 10-11x profit in a year from it. But I doubt there is any such possibility available for altcoins too. You said 1000-5000%, can you name any coin which could achieve that much rise in next 6 months? None in my view.

Also what I suggested was in accordance to current market and for short time. No one knows what gonna happen in Crypto Market after 2-3 months but for now it is better to keep money in BTC and be safe.