Quote from: CageMabok on Today at 11:41:58 AM

Quote from: estheblessed on December 17, 2024, 02:42:32 PM

I understand we are entering altcoin season and things will be bullish. But when will we see the downward trend? Are we talking mid 2025?

I know its a bit of an unknown but interested in hearing peoples views/predictions...

It is always hard to say for sure in certain years, although it is not impossible for it to happen in a certain year as you said. But seeing the current bullish conditions that continue to strengthen at the end of this year, of course the possibility of a price correction for coins and also for all altcoins could occur in the middle of next year, but I don't imagine it to be much bigger because there are now many people who have liked Bitcoin and also some of the top altcoins that have good networks at the moment. So the potential for a price drop may only be momentary in a small size for all altcoins that already have a lot of interest in the market.

If you look at the pattern after bitcoin cycles, next year is the year the coin will increase. Remember the market always moves in cycles even though the time is not the same but the pattern will usually be the same. So even though there is a correction, it is only temporary, which feels like the "worst" when a correction occurs, rest assured it can be a "victory" later for those who act wisely in looking at market history.

In essence, corrections are bound to happen, and sometimes all coins are red. However, for those new to crypto, this may seem like a bad time, but for those who have known crypto for a long time, they will take advantage of this to make a profit and miracles happen.