Post
Topic
Board Speculation (Altcoins)
Re: what is happening now?
by
sniveling
on 29/09/2019, 16:11:01 UTC
hello friend,
in 2017 I was very happy when I saw the price of Bitcoin increase in coinmarketcap because when the price of Bitcoin increases, then the price of Altcoin will immediately increase too, but for now when the price of Bitcoin increases and it does not affect for the prices of Altcoin (even still down), then when the price of Bitcoin goes down and at that time the price of Altcoin will go down too, so I do not understand the current state of the market and what is happening right now.

Someone once said, "Life is like a tire, sometimes you're on top, sometimes you're at the bottom."

People say it's just all part of the cycle that is crypto. What is happening to the crypto market right now is that it is recovering from the bull run just a few months ago. Just give it some time and be patient, just hold and patient.
Previous bull run was create some expectations so many of them eagerly waiting for the next bull run and some peoples are again move to USDT. Your thought is completely right some patients is need for crypto, so those are panic selling in this situation they are all worried in next pump. But some investors are brilliantly use this situation. Today market is little confused on many investors at the same time long term investors are you buy more Bitcoin in current scenario.
When an investor sold Bitcoin at 12,000-14,000 dollars, then of course they can now buy back Bitcoin at a big discount. But there were few such investors. I think that 80% of people hoped that the market would continue to grow.