Post
Topic
Board Altcoin Discussion
Re: Do you think that market is oversold and bounceback soon?
by
South Park
on 27/12/2018, 22:14:08 UTC
Most of the Altcoins have lost their major part of the value due to selling and the trend is continue perhaps it  is since long for over 10to 11 months . I personally feel that it is a very long period and the market is oversold now and there are chances of recovery in the days to come . Do you agree?
Never forget that the market is irrational, the price of 20000 dollars for each bitcoin was not deserved but a price below 4000 dollars was not deserved either, so while I think a recovery is inevitable that doesn't really mean that is imminent, the recovery could happen tomorrow or in two years and independently of when that happens you still need to hold your coins and if possible you should increase your stash.