Post
Topic
Board Altcoin Discussion
Re: Altcoins dead?
by
Derrickiell
on 18/11/2022, 06:49:51 UTC
Everything has its own time, so right now we are still bear market so we can expect that altcoins are not rallying yet due to bitcoin's stagnant price for past few months. Though we have some mini run in the market but it still not time to celebrate henceforth bear market is still strong enough that price recovery is slow for now. Atcoins has its own seasons, so it's best to HODL for now and wait for the altcoin to resumes.
Truly the crypto market is still in bearish run, though there are some recent false breakout of the price of bitcoin that doesn't signal a bullish return consequently all the altcoins  remains in a bearish sentiment, I don't think there is hope or any tendency for crypto market to pump again this year however, the future prospect of the price returning to it bullish is feasible based on the upcoming bitcoin halving billed to take place in 2024 this reinforce the fact that crypto investment is a long term project thus it requires patience and perseverance because it may takes months or years to earn reasonable returns or profits.
During the market downturn, altcoins are falling, and some will sink in the market, and those altcoins with good potential will survive in this market situation. As each bear cycle passes, the remaining altcoins get stronger and rise.
It takes patience to wait for the markets to recover and invest in them.