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
Definitely yes when the price of Bitcoin increase most altcoins will also fly to the moon.You just have to choose the altcoin that also skyrocketed during the previous bull moment.Bitcoin bull run has a great impact on altcoins, that's why most investors would want to extend their investment portfolio on altcoins that will increase in price in the next bull moment.Most altcoins are pump and dump and ponzi scheme,so an altcoin investor just have to invest on top altcoins that pump during the previous bull moment.
Only Bitcoin price is correlated with other coins, when Bitcoin price goes up all Altcoin price goes up. So we need to follow when the bull market starts and when the AD ends, before the bull run market the price of all the coins are under the control of the investors. So they should invest during such times and be patient for the next market upswing. Adopting such an approach can definitely benefit the most, as holding for short term is high in risk and high in benefit.