Bitcoin Forum

Several weeks have passed since the Bitcoin Halvening. Weeks in which large parts of the market have been relatively quiet. Hardly any major cryptocurrency today differs from its position on May 9th, two days before the halving. Compared to mid-February and mid-March, however, a clear difference can be seen in the performance of individual projects during the Corona crisis. This article attempts to get to the bottom of this phenomenon and to draw parallels to the halving of 2016.

In an economic expansion, small firms tend to have better returns than large firms. In an economic recession, the reverse tends to be true: large firms tend to outperform small firms. This is because in an expansion, fiat inflation pushes investors into increasingly risky investments, but during a downturn, investors seek conservative safe havens to store their wealth.

For example, the small-cap Russell 2000 index dropped 38.6% between February 19th and March 17th, when the S&P 500 large-cap index was only down 29.5%.

A similar pattern may exist with cryptocurrencies.

When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.

Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/

actually bitcoin price can be considered stable these days and a stable bitcoin has always meant shitcoin pumping in the past. and if we take a look at the altcoin market we can clearly see that they are getting pumped and dumped.

that is because you are looking at the top 10 shitcoins instead of looking at all of them. in altcoin market there is no different between a coin that is at the top of the list in coinmarketcap or at the bottom of it in the eyes of an altcoin pumper. they pump all and 90% of the time they are focusing on smaller coins that are in low tier groups because they can generate a lot more profit than the top 10 shitcoins.

So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.

Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.

I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.

Somehow I can say the alcoins rally though. BTC dominance decreases and seeing some alts have grown almost 100% since. It is either the altcoins are retracing back and the investors are looking into it for profit incase the bullrun started. Its interesting because even right now those coins are not affected and some of them are in rising still.


If the price breaks the support level we may end up in the 8600. Fun ride though.

Specially on low cap coins thats why some do really have that kind of impression that alt market do have some rally just because they do see green which is just only being pumped up into those low cap coins and a small percentage rise on top alts which i dont really consider a rally.BTC market doesnt always correlate with Alt because it can go to opposite direction even if bitcoin is moving up but most of the time we can really
see that its being dragged off and do make also some increase. This had been always the movement of the market after how many years and for now the price of btc is tending to go down and as said above if we do break the current support then we might able to see some lower price for this month which is somehow anticipated and i do consider a good buying point if you are just doing some short trades.

Bitcoin Rally could've been pretty much said to be over after the rise from around ~$7k to ~$9k. After that, the price basically just played around $8k-$10k. Tbh, altcoin rallies can be said to be a side result of Bitcoin rallies. You'd mostly see that altcoins tend to follow the general trend for the BTC markets, rising if BTC goes up and falling if BTC goes down. And really, talk about altcoin rally when the said altcoins don't rise cause of altcoin pumpers. In the end, they are just being pushed by the companies behind them to generate profit through manipulation.

when I read this: "We are in a Bitcoin Rally, not an Altcoin Rally" I thought: "Have you ever been to the altcoin section?". I will give my opinion, whenever there is a Bitcoin rally, altcoins will also follow bitcoin. Why do I think so? when bitcoin starts to rise a lot it attracts people who invested in altcoins and when the bitcoin price is stable, people start selling bitcoin to buy altcoins again. this cycle has been going on for years. And we must not forget that bitcoin is the main crypto and people always think that if there is a bitcoin rally, there will also be an altcoin rally

It is a good sign for us that bitcoin is moving between range 9k- 10k. In this range altcoin also performing well. We should worry if btc drops below 9k..but remember that this is crypto.

The correlation is still high, Ethereum is at 0,9 which is insane. I assume it will change after the switch to POS and hopefully a braoder acceptance and therefore more use cases that really help people instead of just being anther random coin to be traded by lucksters that hope for a 100x

Altcoins have been left behind since 2018, and I don't see a good future where they are getting more adopted and used than it was in 2017. They've disappointed many people because they promised so much but failed to deliver significant results. As for Bitcoin, I suppose one could say it's dealing fine compared with traditional assets, and there's a good reason for that: while Bitcoin is affected by panic, it's not actually suffering from the quarantine because it doesn't require tons of people gathering in small places like other things do. I would not call it a rally, though. I stand with others who point out that Bitcoin is simply stable, but not on the rise.

Altcoin rally? Look at 1 week candle, nothing intresting, nothing bullish. Absolutely.

Most probably the OP only sees bitcoin in the market and did not give a single look at growing altcoins. And yes, I'm sure he did not even bother himself to look at altcoin sections.

What I think now is that altcoin is getting stronger these days, after the halving the bitcoin transactions are everywhere, it is wild as in, but after a couple of weeks there is a decline in bitcoin transaction, maybe people did not waste money to pay for higher fees than what they can pay for sending funds in altcoins. Recently, the ethereum is ahead on commission fees after bitcoin went down from $1M to $300k. We should not underestimate the altcoins, any altcoin can replace bitcoin because it is never impossible.

Well, it is expected that altcoins won't come up and have its rallying moment if Bitcoin didn't do the rally as well. It is in the moment that Bitcoin isn't moving high, the price of Bitcoin has shown stable at this time that Altcoins can't either move as well and that what we think before. But somehow, the market has really changed, in fact, some potential altcoin has a pump just like Ethereum. may we can say that investors are not only focusing on Bitcoin but they also considering altcoins unlike what they did last year.

Not yet in a rally for Bitcoin and altcoins but in a fight for ups and downs since this looks like a normal day to them because nothing really change that much. The market is just moving according to the traders and somehow it's a fight of volatility on who gained and who lost. We will much more likely to see the rally that we want it's either by the end of the year or next year.

Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall. In addition, potential investors are now apparently waiting for the possibility of a new wave of coronavirus spread. Therefore, the cryptocurrency market is likely to begin to grow by the end of the year. Perhaps then we will see the growth of altcoins.

a rally is when the price goes up naturally in a healthy market due to adoption and as the result it stays up. i don't think we had any altcoin rallies ever, not just in the past 2 years. what altcoins had in the entire history of cryptocurrency market has been pump and dumps. the 2017 pumps are the best recent examples you can think of.
the reason why they aren't rising has nothing to do with time and being before fall! it is only because they were pumped and the dumps that inevitably came next have bankrupted all the newbies who fell for those pumps.

First of all please do not compare the Stock market with the Cryptocurrency market. They both are very different in a lot of aspects.

The second thing is that in what sense do you think Bitcoin is going up or there is a rally? as Bitcoin is still below 10k. Last time when Bitcoin was above 10k it was in the month of February this year.

Till today it is struggling to hit that mark, so I do not consider it as an upward trend but a sideways trend. What I have noticed after the halving is that Bitcoin is less volatile as compared to what it was before halving.

Well said, bitcoin is still in $9k, from the price of $3900 before when the pandemic is still existing it goes up to $6k and it pumped up to $10k when bitcoin halving started, honestly I disappoint to the price of the bitcoin when bitcoin halving happens because I really thought that it will go up to $13k and it will give me large profit. I invested when the price of the bitcoin is almost $8.8k and it doesn't give me much profit when $10k happened. I am still hoping that bitcoin could reach higher within this year. We are not almost done and everything can still happen.

There are a lot of speculations and high expectations before the halving happened where many investors and traders are really disappointed because of it but it is their own fault because they expect too much and for me it is really impossible to happen. The price is doing sideways for months if this will last long, it can be a good sign because the longer the consolidation; the stronger the rally.

The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins. If we're in bitcoin rally then based on the predictions from experts we should've crossed the $15000 price barrier. Over the months there is steep growth with very limited altcoins. Apart from those altcoins few new cryptocurrencies have experienced growth, but doesn't have good volume to support trading.

The very essence of this article is in the disappointment that halving did not produce a new big pump, and several weeks have passed. And now many are wondering how this is possible, shouldn't we have already approached at least $20 000, haven't they sold us the story of a magical event that will launch BTC to the Moon? So much disappointment in so much misunderstanding and ignorance, which just shows that a good portion of those who have invested in BTC are actually just tapping in the dark.

For all those who live in the belief that everything started in 2017, let them go back to the beginning in 2009, so they may find that things today do not look bad at all if we take into account everything that is happening at the moment. If you are bored go hunt pokemons or something similar 8)

Altcoin is really making some good gains lately as most of the coins are increasing and it even reduces bitcoin dominance although it is still as high as 60%. And for several weeks now, bitcoin's price is somewhat around $9K-$9200 levels. So there is no rally at all at the same time the price is very stable. Others say this is the calm before the storm, but it is going to be a waiting game as to when this storm are going to come.

I guess you could also call these sucker rallies (https://www.investordictionary.com/definition/sucker-rally):


Most altcoins have been this way because time has proven how useless they are. No matter how much one team was able to update & improve an alt, Bitcoin always came back with a big counterpunch. I am still holding some alts myself, but while I use my Bitcoin wallets quite often, I haven't opened the wallets of my alts in years. Anything you do basically sends you back to the king :)

That's right! Even if you have so many alts in your portfolio, you go back to btc because whenever you need your fiat, most local exchanges only have the btc to fiat conversion. Though local exchanges are now accepting other major alts like eth or xrp, yet, the most common crypto that every user is comfortable with is btc. And the truth about most alts is that very rare that you will encounter that has real use case in the market, most of them are keeping afloat because of those sucker's rally done by their respective devs.

I agree with the trading volume of Bitcoin that has not declined, and therefore the price of Bitcoin is very stable now.
Then for altcoins, don't just focus on the top 10, because today's investors are getting smarter with investing in altcoins
which is outside the top 100. So many altcoins have a small trading volume but can pump high, because of hype coins
the little one. And the profit generated is certainly very large. Especially the DeFi projects are very high in demand.

I think before you suggest it, you should first tell them the risks that they will be face if they will make investment on altcoins that are not belong to 100 top market capitalization. If we will buy altcoins outside of the market capitalization make sure that we have a high risks appetite because majority of them are so volatile where there are always price surge.

When it comes to the price of bitcoin, it is currently sideways and many swing traders are most likely taking advantage of the price of the bitcoin.

There's no rally for bitcoin yet, bitcoin has been stable now after it failed many times to break the big resistance.
But of course, it may take time to successfully pump, but if you'll ask me, I would say I like where we are now, market is quite stable so bitcoin is having a good status so far this year despite of the pandemic. Altcoins run is not possible with bitcoin bull run, so it's safe to say that when there's a bitcoin rally, maybe or maybe not we can expect an altcoins rally.

Stabilization has no room for cryptocurrency market mate, you might see a long stagnant price but it is not considered stabilized. The rally you actually see is pretty natural for bitcoin, I mean this coin has been sitting on top and the speculation is happening every time so obviously price is going up and down every moment. But with altcoins? hmm there has been some interesting altcoins making a pump now in crypto market, makes me think of giving them a shot.

Uncertainty, predictions are made with charts which is not likely to happen. How many self entitled crypto enthusiast has failed their prediction, yet here you are believing those readings to happen again.

He is probably referring to the relatively long stretch of days and weeks when the price of Bitcoin is not making big movements. Of course it remains unstable in the long run but the price in the past several days or few weeks are almost stagnant in between $9,000 and $10,000. The price remains somehow stable within that range.

It would not be a wise decision. If you have a very good knowledge of it then I would say no problem to do it. You should invest in a bitcoin exchange if you can afford it. However, I do not think there is any need to invest so much money here if you have a small amount of knowledge.

Bitcoin rally seems not happening yet, not in the first half of the year, and I also don't think there's a big one in the 2nd half.

The market is stable, I am am just satisfied with that.

While we are still waiting for the world to fully recover again and would only be possible if the vaccine is available I believe the crypto space will never grow if the world is struggling, it's not what we like to see, we can hedge in crypto but would that guarantee a real growth? No, because most probably the market will be a pumped and dumped market again where investors with power will just manipulate it, what we need is real massive adoption and would only happen if the economy is good, not in times of panic.