Looking at the market at the moment, there has been an increase in altcoin from a low of $ 5900 at the end of June 2018 to $ 8200 today. However, the value of the altcoin did not increase, some of it decreased. Percentage of market capitalization of the current bitcoin compared to the overall market is over 47%. Is this the right time to buy altcoin to make a profit?
Hope you did not buy altcoins at that time when Bitcoin was $8200. Because most of altcoins has lost about 50% its value since that time.
For example, When bitcoin was at $8200:
- ETH was about $500. Now it is about $350:
30% Lost- NEO was about $36. And now it is about $21:
42% Lost...
Nobody can see the bottom of the market.