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Author Topic: Bitcoin’s metrics suggest bull market is far from overvalued  (Read 237 times)
fullhdpixel
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November 30, 2024, 08:38:51 PM
 #21

Well, what i would just say is that bitcoin may not experience any extreme corrections now as what we should be expecting are just little corrections because the bulls are very much active in the market such that even when the price is falling, there are whale investors who will buy more bitcoin to ensure the price maintains a balance, that is the reason why the price is unable to fall below $90k for quite some time now,
Corrections are supposed to be like that you said (little only) but we experienced a correction already and I think it is more than a little because from $99k we fell down to $91k or $92k. Imagine that? Now, it seems that we are on a recovery mode again, so yeah that there might be no corrections that we can feel yet. Whales are no way of balancing things but they only think about their selves. It is just that every action has a reaction. Another reason on why the price hold on, is because the positive sentiment is still strong. You know, Trump just won the election and he is into BTC now.
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December 01, 2024, 09:30:29 AM
 #22


The big players are definitely focusing on Bitcoin, especially with those ETF investments coming in. But don’t forget, during a bull run, FOMO kicks in hard and that’s when altcoins get their time to shine. Even though the market has matured a bit, there will always be people looking to play and make quick gains with altcoins.

As long as there are altcoins out there, even those without any real purpose like meme coins, and exchanges give them big trading volumes, you can expect pumps during the altcoin season. Usually, when Bitcoin hits a new ATH, that’s the signal for some to start spreading their investments into riskier assets. That would happen if It’s we are still following the same cycle.

There is no need to doubt it anymore because it has happened and is happening. Although not all altcoins are growing, many altcoins, especially old altcoins like XRP, ATOm, ADA...are increasing rapidly in price in recent days. That shows the altcoin season has begun.


BTC.dom just dropped slightly from 60% to 57% and many altcoins have increased x2, x3 and think what will happen if BTC.dom drops below 40%? I believe history will repeat itself with the altcoin market, there will be many altcoins increasing x10, x20 even x100 like previous bull cycles.


You are right, while many people are still waiting for bitcoin to hit $100k, I have seen many people selling their bitcoin and moving some to altcoins. That shows that altcoins will always have a place in the market and remain an attractive segment as long as human greed exists.

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December 02, 2024, 09:06:19 AM
 #23

BTC.dom just dropped slightly from 60% to 57% and many altcoins have increased x2, x3 and think what will happen if BTC.dom drops below 40%? I believe history will repeat itself with the altcoin market, there will be many altcoins increasing x10, x20 even x100 like previous bull cycles.

although I'm very bullish, I think the altcoins that gonna do x10 x20 or even x100 gonna be very few, altcoin market cap didn't even reach ATH yet, there are significantly more altcoin in the market compared to 2021, like there's literally thousands of alts in the market.
I think the alt that will pump are the one that fits the narrative like XRP, some AI, and some high performing coin and people will just stay circulating their money around these altcoins.

the rest? I don't think they gonna get significant pump, I literally hold some altcoin right now and too bad they are only doing 10% increase, though my holding of ETH and SOL has been doing pretty well.

I think this altseason if really happened, will just centered around coin with high trading volume and thats it, the rest altcoin will just gets casted aside because nobody interested in them.

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December 02, 2024, 10:13:12 AM
 #24

BTC.dom just dropped slightly from 60% to 57% and many altcoins have increased x2, x3 and think what will happen if BTC.dom drops below 40%? I believe history will repeat itself with the altcoin market, there will be many altcoins increasing x10, x20 even x100 like previous bull cycles.

although I'm very bullish, I think the altcoins that gonna do x10 x20 or even x100 gonna be very few, altcoin market cap didn't even reach ATH yet, there are significantly more altcoin in the market compared to 2021, like there's literally thousands of alts in the market.
I think the alt that will pump are the one that fits the narrative like XRP, some AI, and some high performing coin and people will just stay circulating their money around these altcoins.

the rest? I don't think they gonna get significant pump, I literally hold some altcoin right now and too bad they are only doing 10% increase, though my holding of ETH and SOL has been doing pretty well.

I think this altseason if really happened, will just centered around coin with high trading volume and thats it, the rest altcoin will just gets casted aside because nobody interested in them.

XRP has increased x4 from its lowest price in just 1 month, DOGE has increased 10x since its bottom in 2022...many altcoins with capitalizations ranging from a few billion dollars to tens of billions of dollars can increase from 4 to 10 times. What do you think about small cap altcoins?

In any altcoin season, not all will give x10 or x100 returns, there will be some and some will increase very little and it all depends on each person's choice. Also, the altcoin season has just begun and it is too early to say that the prices of the remaining altcoins will not pump. We still have 2025 and we will see what happens. But we can confirm one thing, altcoin season will happen because it has happened, unlike many people saying there will be no more altcoin season.

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