Quote from: Kelward on May 13, 2024, 06:33:55 PM

Quote from: CoinMin3r on May 13, 2024, 05:41:19 PM

Quote from: Kelward on May 13, 2024, 06:05:07 AM

We surely have more chance to buy altcoins now because their bull run has not started, Bitcoin halving has come and gone and the after effect is price dip, as of today Bitcoin price is $6.9k, so it's obvious that it's bull run has not started. Bitcoin bull season precedes altcoins bull season, and as neither has started, I still think that it's very safe to keep accumulating them, so yes, altcoins can still fly high. Although altcoins are not as reputable as Bitcoin in the crypto market, so carry out your research first before buying any of them, especially the new projects.

Just to correct BTC price as of today is around $63K not $6.9K. No one can tell how high alts can fly and specially which one will fly. All are speculative for now. But sure thing is alts season will definitely come. But Doing some research before investing is must. And patience is the key to success.

Remember that the crypto market is very volatile and despite our best speculations, crypto price can swing unexpectedly, meaning that the price you see now can change in the next few minutes. I want to correct your impression and tell you that I wasn't wrong about Bitcoin price when i made my post that you quote, I confirmed price before posting and it was $6.9k then, later it pumped to $63k, and as I'm typing now Bitcoin price is $62,692k. One thing is for sure, we will pass this phase and enter steady price surge that'll take us to bull run.

This is true, nobody could know where they will go, specially when we are talking about lower altcoins, they will do crazy stuff that we could never guess. It could go up super high during a bear market, it could go very low during a bull market as well.

Because the marketcap is lower, that means that if someone buys a lot or sells a lot then the price could change wildly and a lot easier, of course when one person with a lot does this, others follow most of the time, or at least stop loss type of stuff gets activated, these all mean that we could see wild movements very quickly. This is why I believe that we can't really make it work all that easily, we should probably consider getting higher ranked coins so we can do a lot better with volatility.