Altcoins prices are bleeding heavily, with some of the top-20 coins showing losses of more than 34% on the day.
The most popular altcoin Ether (ETH) has dropped over $50 in the last 24 hours to a price point of $156 per coin, recording a heavy loss of 24% on the day.
https://cointelegraph.com/news/tuesday-shows-bloodbath-for-altcoins-up-to-34-losses-on-top-20-coinsdo you think this down market will continues and welcome back to the bears in crypto market again ?
or this is only the preparations if the market will growing really hard and the bulls will show up in the near time ?
All the market except for stable coins was going down during that day, now I do not believe that you can take such a huge crash and somehow try to interpret this as a hint that somehow the bulls will come back, there has been a small correction since the price crashed but you should not expect anything else, the bull market of 2019 seems to be over and I hope you took advantage of it otherwise you will have to wait a long time in order to see the next one.
yes, and maybe the right choice before a huge dump coming is by convert our cryptocurrency to a stable coin is the best idea my friend
and we can get a good return, because our digital assets in bitcoin or altcoin terms will increase
but the fact, no body know, when the huge dump will coming mate ?
That is a question for which I will love to have the answer but I do not, I can only try to tell what is the direction the market seems more likely to take during the next months and to me that is down, I know this can be discouraging after we waited so much time for the recovery of this market and it can be even more discouraging for those holding altcoins since their fiat value went up but their value in bitcoin has been crashing for a long time.