Bitcoin price has almost reached $70k and Altcoins marketing also flying with Bitcoin including most of top altcoins. But as we know that, Bitcoin halving is on the way. So i expect correction in Bitcoin price as well as the effect should be seen in altcoins market too but is that going to happened? Are we gonna have one more chance to buy altcoins with low price ? What do you think about this
The correct that you were expecting and we all were expecting is what's happening to the market right now. New Investors don't know that the market always corrects so they didn't take profits or they are those investing for a long term and now are trapped with their altcoins at a lower price than they brought them. During the bullnmaket, the price of this altcoins might rise back but that's uncertain this is the reasons taking profits is very important when investing into altcoins.
Altcoin will fly very high in the bull market but how to spot the altcoin that'll do exceptional well is were there's going to be a challenge as nobody knows which altcoins to buy and expect guaranteed profits. You're guessing when you invest in altcoins as you don't know what's is going to be the results of your investments but still it's a good risk to take as if you buy the right altcoins, you'll make profits.