Altcoin season in "Uptober"?

[justinlamode]

The market will determine that and I can't conclude if the altcoins market will continue from there. The Bitcoin dominance is still very high and it's a good time to buy and hold whether Bitcoin or altcoins that have amazing community. Investors should buy Bitcoin and altcoins all together so in case we enter the altcoins season, holders would have to make more money without regretting of not buying some good altcoins to hold.

The way the market is going now, I don't know if it will still be possible to see the altcoin season this October  because everything seems to be crashing in response to Donald Trump and China trade wars. Instead of Bitcoin to pump so that altcoins will follow, Bitcoin have dumped massively after achieving ATH this October and there have not been any significant rise in altcoins. There is still opportunity for altcoin season this year but that is not like to happen this October.

[JamesDaniel90]

The market will determine that and I can't conclude if the altcoins market will continue from there. The Bitcoin dominance is still very high and it's a good time to buy and hold whether Bitcoin or altcoins that have amazing community. Investors should buy Bitcoin and altcoins all together so in case we enter the altcoins season, holders would have to make more money without regretting of not buying some good altcoins to hold.

The way the market is going now, I don't know if it will still be possible to see the altcoin season this October  because everything seems to be crashing in response to Donald Trump and China trade wars. Instead of Bitcoin to pump so that altcoins will follow, Bitcoin have dumped massively after achieving ATH this October and there have not been any significant rise in altcoins. There is still opportunity for altcoin season this year but that is not like to happen this October.

Agreed. It feels like we are likely going to have it in November now.

All we can do as altcoin holders is continue to be patient, if it take another 3-4 weeks for altcoins to start moving then so be it, we just have to wait.

[tygeade]

Apparently not. We have seen a crash in altcoins way harsher than bitcoin. Obviously the liquidity on those are lower, and the lower you go, the lesser they have it. It means that we are ending up with something that is taking a long time to handle.

I personally can see how this could change, with time we are seeing how this could be a risky project and a bad move. Think about it, if you invest into something that can pump and dump by one rich guy, then are you really investing into something serious? I would strongly caution against investing into something like that, and would suggest people that they should invest into something more serious instead. That way, you would not lose your money in a jiff, just because someone wanted to sell.

[Ahli38]

The market will determine that and I can't conclude if the altcoins market will continue from there. The Bitcoin dominance is still very high and it's a good time to buy and hold whether Bitcoin or altcoins that have amazing community. Investors should buy Bitcoin and altcoins all together so in case we enter the altcoins season, holders would have to make more money without regretting of not buying some good altcoins to hold.

The way the market is going now, I don't know if it will still be possible to see the altcoin season this October  because everything seems to be crashing in response to Donald Trump and China trade wars. Instead of Bitcoin to pump so that altcoins will follow, Bitcoin have dumped massively after achieving ATH this October and there have not been any significant rise in altcoins. There is still opportunity for altcoin season this year but that is not like to happen this October.

I personally don't see any pattern of an altcoin season this October. And the decline in Bitcoin prices has had a domino effect on altcoins. So we can see many altcoins experiencing corrections and even very sharp downward corrections. And now we are in the middle of October, where the situation is currently experiencing a bearish moment. And there's a possibility that market sentiment will continue to experience a downtrend as long as the global economy still has no definite direction or even increasing pressure to the market. But I am confident that the altcoin season will come even though it's not this month. We know that this month's global macroeconomics are affecting the crypto market which is currently experiencing negative sentiment. Nevertheless we hope that the crypto market will improve again, accompanied by positive news from the global macroeconomic side. So this will encourage large investors to return to risky assets.

[Junii]

This october month disappointed us all . but hopfully we all traders expect good ending from this month.

[Abiky]

The way the market is going now, I don't know if it will still be possible to see the altcoin season this October  because everything seems to be crashing in response to Donald Trump and China trade wars. Instead of Bitcoin to pump so that altcoins will follow, Bitcoin have dumped massively after achieving ATH this October and there have not been any significant rise in altcoins. There is still opportunity for altcoin season this year but that is not like to happen this October.

We're in the middle of the month, and still no indication of a big "pump" for alts. I guess it's "game over". What's strange is that the crypto market is acting in correlation with the stocks market. Tech stocks have fallen sharply due to Donald Trump's renewed China tariffs, having a ripple effect over cryptocurrencies as well. So much for complete independence from the traditional monetary system, right?

At this pace, coins such as Bitcoin and Litecoin will never become true stores of value. The market is too speculative. Altcoins usually suffer the most from negative events in the mainstream world. They're considered a gamble. I'd buy and hold "blue chip" coins (top-ranked cryptos in market cap) to play it safe. Who knows? Maybe things will be bright by next year. One can only hope...

[JamesDaniel90]

The way the market is going now, I don't know if it will still be possible to see the altcoin season this October  because everything seems to be crashing in response to Donald Trump and China trade wars. Instead of Bitcoin to pump so that altcoins will follow, Bitcoin have dumped massively after achieving ATH this October and there have not been any significant rise in altcoins. There is still opportunity for altcoin season this year but that is not like to happen this October.

We're in the middle of the month, and still no indication of a big "pump" for alts. I guess it's "game over". What's strange is that the crypto market is acting in correlation with the stocks market. Tech stocks have fallen sharply due to Donald Trump's renewed China tariffs, having a ripple effect over cryptocurrencies as well. So much for complete independence from the traditional monetary system, right?

At this pace, coins such as Bitcoin and Litecoin will never become true stores of value. The market is too speculative. Altcoins usually suffer the most from negative events in the mainstream world. They're considered a gamble. I'd buy and hold "blue chip" coins (top-ranked cryptos in market cap) to play it safe. Who knows? Maybe things will be bright by next year. One can only hope...

Only 2 weeks into Q4 , still 11 weeks left of the year so plenty of time for alts to rally.

Remember typical altseason usually only lasts a month or so. They might not get moving till early or even middle of November , and that will still be fine.

[AntonySS]

My be: BTC, ETH, BNB and TWT
+ waiting for BASE and MASK tokens

[virasog]

Only 2 weeks into Q4 , still 11 weeks left of the year so plenty of time for alts to rally.

Remember typical altseason usually only lasts a month or so. They might not get moving till early or even middle of November , and that will still be fine.

The altseason will come but these whales and exchanges are just manipulating and playing with the people emotions and making them believe that there will be no altseason and want them to sell everything at cheap.

I am not necessarily sure that if October will be a bullish month for alts as there are no signs for this as of now but the upcoming two or three months we can see a real momentum in the Bitcoin and also in the alt coins. I am optimistic of this last quarter and I will stick to it regardless of the current price actions.

[Akbarkoe]

Only 2 weeks into Q4 , still 11 weeks left of the year so plenty of time for alts to rally.

Remember typical altseason usually only lasts a month or so. They might not get moving till early or even middle of November , and that will still be fine.

The altseason will come but these whales and exchanges are just manipulating and playing with the people emotions and making them believe that there will be no altseason and want them to sell everything at cheap.

I am not necessarily sure that if October will be a bullish month for alts as there are no signs for this as of now but the upcoming two or three months we can see a real momentum in the Bitcoin and also in the alt coins. I am optimistic of this last quarter and I will stick to it regardless of the current price actions.

If you say this is manipulation, I say I agree with you because it's quite strange with the dump, there are no big problems or anything that has a big impact on the crypto market in terms of regulations and whatever, we saw how Covid, the FTX collapse and the Ukrainian-Russian war, all of this is logical if there is market panic, but with what happened a few days ago, precisely on the 10th, its purity is still very doubtful, I think there was manipulation from market makers,  Altseason is still a hope and they will pump it up again so that retail is starting to get excited again and celebrating that there will be bullishness at the end of this, we are forced to release our investments this session, it seems.

[JamesDaniel90]

Only 2 weeks into Q4 , still 11 weeks left of the year so plenty of time for alts to rally.

Remember typical altseason usually only lasts a month or so. They might not get moving till early or even middle of November , and that will still be fine.

The altseason will come but these whales and exchanges are just manipulating and playing with the people emotions and making them believe that there will be no altseason and want them to sell everything at cheap.

I am not necessarily sure that if October will be a bullish month for alts as there are no signs for this as of now but the upcoming two or three months we can see a real momentum in the Bitcoin and also in the alt coins. I am optimistic of this last quarter and I will stick to it regardless of the current price actions.

If you say this is manipulation, I say I agree with you because it's quite strange with the dump, there are no big problems or anything that has a big impact on the crypto market in terms of regulations and whatever, we saw how Covid, the FTX collapse and the Ukrainian-Russian war, all of this is logical if there is market panic, but with what happened a few days ago, precisely on the 10th, its purity is still very doubtful, I think there was manipulation from market makers,  Altseason is still a hope and they will pump it up again so that retail is starting to get excited again and celebrating that there will be bullishness at the end of this, we are forced to release our investments this session, it seems.

It was all manipulation. What reason caused this massive dump? The biggest ever in crypto history.

Even if it was supposed to be Trump putting 100% tariffs on China, it should not have crashed the market like it did. 

All will be ok in a few weeks.  All we have to do is just hold through all this FUD. We have 2 rate cuts coming next few months and QT ending, we will see good times again.

[Abiky]

It was all manipulation. What reason caused this massive dump? The biggest ever in crypto history.

Even if it was supposed to be Trump putting 100% tariffs on China, it should not have crashed the market like it did. 

All will be ok in a few weeks.  All we have to do is just hold through all this FUD. We have 2 rate cuts coming next few months and QT ending, we will see good times again.

Well, crypto often moves in co-relation to tech stocks. Trump's announcement of 100% China tariffs, caused tech stocks to plummet. This had a ripple effect over the crypto market. It shouldn't have happened, but with how centralized the industry is, it's hard to believe crypto will act as an independent asset class years into the future. Even Gold is rising, while Bitcoin is going all the way down the drain.

I've basically given up on altcoin season. It might not happen during the remainder of the year. I doubt rate cuts will raise market prices more than they've been before the "dump". Some say rate cuts are already priced in. Not to mention, most altcoins are way below their last-recorded ATHs. We'll see what happens in the long run.

[JeffBrad12]

Well, crypto often moves in co-relation to tech stocks. Trump's announcement of 100% China tariffs, caused tech stocks to plummet. This had a ripple effect over the crypto market. It shouldn't have happened, but with how centralized the industry is, it's hard to believe crypto will act as an independent asset class years into the future. Even Gold is rising, while Bitcoin is going all the way down the drain.

Yea, the first time I see trump's tweet about tariff to china I immediately checked both BTC and stock market index such as S&P500 and it literally dumped even before BTC is reacting to that tweet.
It heavily correlate but people like to deny because they think price action of crypto right now is different than stock, if we see from the chart it's actually pretty familiar.

[NewRanger]

Yea, the first time I see trump's tweet about tariff to china I immediately checked both BTC and stock market index such as S&P500 and it literally dumped even before BTC is reacting to that tweet.
It heavily correlate but people like to deny because they think price action of crypto right now is different than stock, if we see from the chart it's actually pretty familiar.

Market conditions have been unfavorable for the past few days. BTC is still trying to rise after an additional correction this week, and the current price is around 107,000, and has declined throughout October—a less than impressive decline. However, there is a sense of optimism because the Fed will cut interest rates again by 25 basis points, which is expected to increase investor and institutional confidence.

The pattern you mentioned, whether consciously or unconsciously, is very similar to the US stock market, particularly on the Nasdaq, particularly technology stocks. When BTC rises, it also attracts interest, and vice versa when they fall. Yes, the performance of the technology/equity market also seems to play a significant role in predicting future developments.