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Author Topic: Has Alts Market bottomed out now?  (Read 614 times)
very_452001
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August 28, 2017, 09:52:03 PM
 #1

From their all time high bubble back in spring/early summer?

Will we ever see Alt Market ever reaching those all time highs again or even higher? If so when do you guys think this will happen?

It is really confusing because Alts seem to be bottomed price out from that earlier bubble but Alts market cap is at all time high now? Can someone please explain  Huh

When segwit 2x FUD starts in 2 months then Will alts follow bitcoin price?
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ccowl
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August 28, 2017, 09:56:16 PM
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12 days ago I added an altcoin market index (called it OWL50). It's value is a sum of top 50 altcoin market caps. It doesn't include the bitcoin.
Go to my website: https://ccowl.com/coins/OWL50 and click on the "MONTH" view.

You will see that on August 19th, altcoins overtook the bitcoin and they keep rising.

So yeah... altcoins have been rising for the last two weeks and they show no sign on slowing down.
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August 28, 2017, 11:15:00 PM
 #3

See Total Market Capitalization (Excluding Bitcoin)  chart:
https://coinmarketcap.com/charts/

At June peak, it was ~$70 billion and now it is ~$88 billion so Alts are at new highs too.
Some altcoins may not be at new highs so maybe cut those positions down and add to
the winners.
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August 28, 2017, 11:44:46 PM
 #4

See Total Market Capitalization (Excluding Bitcoin)  chart:
https://coinmarketcap.com/charts/

At June peak, it was ~$70 billion and now it is ~$88 billion so Alts are at new highs too.
Some altcoins may not be at new highs so maybe cut those positions down and add to
the winners.

But you should consider Lots of ICOs and new coins. Increase in altcoin market cap is because of these new coins.
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August 29, 2017, 01:37:08 AM
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But you should consider Lots of ICOs and new coins. Increase in altcoin market cap is because of these new coins.

Good point! coinmarketcap.com does have weekly Historical snapshots in time to check market cap at past
times but no easy way to account for newly added altcoins for comparison.
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August 29, 2017, 02:08:22 AM
 #6

Since when have alts stopped pumping? The market just took a break for a bit and had some sideways action.

Can't snort crack through a rolled up bitcoin Wink
BMG86
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August 29, 2017, 02:19:42 AM
 #7

Alts have been pumping up the last few weeks, I think this trend will continue into September until we pull closer to the next BTC fork, then a lot of people will pull their money out of alts and back into btc to get free money again.
DigitalLemming
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August 29, 2017, 02:21:15 AM
 #8

Nearly every alt coin I own is currently at or near all time highs. Many of the other alts I look at are at all time highs and still grow. I'm not sure if I'm noticing things bottoming out, perhaps it's just the ones you are paying attention too.
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August 29, 2017, 03:18:00 AM
 #9

See Total Market Capitalization (Excluding Bitcoin)  chart:
https://coinmarketcap.com/charts/

At June peak, it was ~$70 billion and now it is ~$88 billion so Alts are at new highs too.
Some altcoins may not be at new highs so maybe cut those positions down and add to
the winners.

You're not taking into account BCH
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August 29, 2017, 04:43:51 AM
 #10

Alts have been pumping up the last few weeks, I think this trend will continue into September until we pull closer to the next BTC fork, then a lot of people will pull their money out of alts and back into btc to get free money again.
To be sure those people will be pumping the bitcoin again at the middle of the September and for the next time alt coin will have prepared to growth a lot due to the flippening of those bitcoin traders to earn a bunch of profit.
This time altcoin already higher than july. it will be in the bottom again soon.


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August 29, 2017, 05:37:38 AM
 #11

From their all time high bubble back in spring/early summer?
no it has not yet bottomed out, it is just starting to drop.

Quote
Will we ever see Alt Market ever reaching those all time highs again or even higher? If so when do you guys think this will happen?
we will see the same rises, yes. but don't expect the same All Time Highs ever again. pumping most of these altcoins will be impossible and with their dumps they will go even further down which makes the recovery even harder.

Quote
It is really confusing because Alts seem to be bottomed price out from that earlier bubble but Alts market cap is at all time high now? Can someone please explain  Huh
it is because there are thousands of altcoins and each of them have milions or billions of supply and that makes the total market cap be bloated for no reason!

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When segwit 2x FUD starts in 2 months then Will alts follow bitcoin price?
if bitcoin gets dumped, like always altcoins will get dumped even harder.

Buying the dip...
pey
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August 29, 2017, 06:18:11 AM
 #12

It seems we will see a crash like the previous one. This rise is not sustainable, we may hit 200B total market cap before a crash. It is now 160B.

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August 29, 2017, 06:29:17 AM
 #13

stop looking at the whole altcoin market as one whole thing.

altcoins get pump and dumped and they do it individually and one after another. at all times there are only 2 or 3 altcoins that are getting pumped, others are getting dumped or if they are one of those good coins like Litecoin they have their accumulation phase

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a29654
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August 29, 2017, 06:33:46 AM
 #14

It seems we will see a crash like the previous one. This rise is not sustainable, we may hit 200B total market cap before a crash. It is now 160B.

What about this rise makes it unsustainable?

You mean the crash triggered by segwit?
bitcoinisbest
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August 29, 2017, 06:42:24 AM
 #15

See Total Market Capitalization (Excluding Bitcoin)  chart:
https://coinmarketcap.com/charts/

At June peak, it was ~$70 billion and now it is ~$88 billion so Alts are at new highs too.
Some altcoins may not be at new highs so maybe cut those positions down and add to
the winners.

As btc price is soaring so will altcoin. Considering a number of god ICO are in place currently and few in recent past which completed the ICO stage are performing better. Saying that its bottomed out would be a right thing. Infact investing in altcoins now will be an ideal option especially for the new ICO happening and few already existing coins having good market cap .
very_452001
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August 29, 2017, 11:33:19 AM
 #16

Yeah looking at the whole Alt market cap now it is at all time high but looking at individual popular Altcoins in the top 100-200 positions and I see common bubble bursting charts on nearly all of them from their ATH bubble in spring/early summer. And now the prices of these alt coins seem look like they have bottomed out ready for a climb again like take Siacoin for example. Alt market cap is at all time high now but Siacoin is not at all time high now but the opposite its bottomed out ready to just climb again  Huh

Really confusing can someone explain? Or is just new coins and ICO's with their billions of supply just bloating the Alt market cap? If thats the case if for example there's 1000 Alt coins now and tomorrow there's another 1000 new Alt coins invented and added then does that mean the whole market cap will double in a day?
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