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Author Topic: Will There Really Be An Altcoin Season or Just a plot to Keep us in the Loop  (Read 1333 times)
magneto
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October 01, 2019, 10:53:29 AM
 #61

While our altcoins keep depreciating in value daily as we keep vigil for altseason, bitcoin dominance has crossed 70% and keeps growing in strength. Will there really be an altseason.

Kindly read -
https://medium.com/bull-bitcoin/alt-season-scamming-noobs-since-2013-71bd19410d98

The adjustment was imminent. Alts were quite hyped up back in 2017 when the bull market happened where the bitcoin dominance index was essentially artificially low for a long while because of the fact that people were looking for cheap and quick profits.

This is a different era altogether now. Institutional investors seek to invest in BTC more than anything, which is most likely why there is so much more demand for BTC in comparison to alts.

But some alts, like ETH, LTC etc. I think are undervalued in accordance to their long term averages, and could see bull runs sooner or later.
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October 01, 2019, 12:07:27 PM
 #62

Bitcoin dominance is also starting to get lower. I can smell that this is the time for its own recovery while most alts are struggling to even recover, this probably the time to see them on greens again. This doesn't mean because we see them green now, they'll go green forever. I think the pattern starts when the decrease of bitcoin dominance starts, this is my opinion into this alt season. This is not an advice to everyone and this is all about my opinion again, if ever someone is taking this as advice.
I see nothing but a small increase in the current situation. Maybe the market will go in the direction we want and we will end these conversations but when that happens it will probably be without cause so I am afraid of giving anybody any advice. Anyway I hope it happens as you say and those who evaluate this situation as a opportunity will not regret it.
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October 01, 2019, 12:42:58 PM
 #63

While our altcoins keep depreciating in value daily as we keep vigil for altseason, bitcoin dominance has crossed 70% and keeps growing in strength. Will there really be an altseason.

Kindly read -
https://medium.com/bull-bitcoin/alt-season-scamming-noobs-since-2013-71bd19410d98
We should think simple. The market always has a repetitive cycle and it is our job to choose a good time to buy or sell. When bitcoin increases the alts decrease, that's a kind of case. The second case is that the alts rebound and bitcoin stabilizes or decreases, which is usually case 2.
These are two cases of rotation to make the market become vibrant and volatile. Therefore, I always believe that the alts will come but we need to be alert to choose a good time to buy or sell.

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October 01, 2019, 03:29:56 PM
 #64

It's a very dark and pessimistic article, but many of his points are correct.

Blind hodling a project (like his example namecoin), without monitoring its future potential will make you rekt. You must not fall in love with some alt and hodl it for ever and ever. You must always be a researcher.
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October 01, 2019, 05:01:35 PM
 #65

I think this could be like you said because the price condition of bitcoin which is not too good anymore makes traders disappointed because before Bitcoin is said there will be bakt that makes prices go up but instead it is only FUD so many traders are more turning to altcoin to try to take advantage of the moment on altcoin.

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October 01, 2019, 05:38:49 PM
 #66

I think this could be like you said because the price condition of bitcoin which is not too good anymore makes traders disappointed because before Bitcoin is said there will be bakt that makes prices go up but instead it is only FUD so many traders are more turning to altcoin to try to take advantage of the moment on altcoin.
Partly the investor is unhappy with the fall of Bitcoin. And just against this background, perhaps the investor will now come to Altcoins. This is due to the fact that coins are at the lowest price ranges.
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October 02, 2019, 03:45:10 AM
 #67

While our altcoins keep depreciating in value daily as we keep vigil for altseason, bitcoin dominance has crossed 70% and keeps growing in strength. Will there really be an altseason.

Kindly read -
https://medium.com/bull-bitcoin/alt-season-scamming-noobs-since-2013-71bd19410d98
One of the advantages of Bitcoin dominance is we have fewer and fewer scam projects, they know that they are not going to get funded because everybody are on Bitcoin, I'm 100% positive that there will be altcoin season but only altcoins that have potential in the market, not a pump and dump altcoins.

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October 02, 2019, 04:27:25 AM
 #68

While our altcoins keep depreciating in value daily as we keep vigil for altseason, bitcoin dominance has crossed 70% and keeps growing in strength. Will there really be an altseason.

Kindly read -
https://medium.com/bull-bitcoin/alt-season-scamming-noobs-since-2013-71bd19410d98

Since 2013? You could count a few altcoins seasons that have boomed since then, altcoins weren't even so popular until the recent hype in 2017. Sadly, with all the hype also came so many opportunistic scammers that took advantage of new people in crypto. My opinion is THERE ARE altcoin seasons, nobody can tell if the next one will be as huge as the previous ones, but time will come when at least some of these altcoin projects will finally be realized.

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October 02, 2019, 04:49:45 AM
 #69

While our altcoins keep depreciating in value daily as we keep vigil for altseason, bitcoin dominance has crossed 70% and keeps growing in strength. Will there really be an altseason.

Kindly read -
https://medium.com/bull-bitcoin/alt-season-scamming-noobs-since-2013-71bd19410d98
What do you mean by “Altcoin Season” I don’t think there’s such a thing because what I believe is all currency in crypto are independent so each will grow or fall by demand and not for what ever reason

The developer and marketing’s team will be the responsible about their currency performances so if this one will grow or that one will dump its them to be blame or praise
But what we have to do?choose the right one before investing and stop trusting shitcoins that will bring you instant profit

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October 02, 2019, 05:13:49 AM
 #70

I think since 2013, ICO not like now which a lot of tokens can created and maybe about scamming people, we can't simply make conclusion about it. In trading, profit or lose is something that can't be considered as scam because it is other people's decision. What i see in past is what scam people is something like cloud mining, HYIP and doubler site that easily took a lot of money from people.

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October 02, 2019, 05:44:11 AM
 #71

I think this could be like you said because the price condition of bitcoin which is not too good anymore makes traders disappointed because before Bitcoin is said there will be bakt that makes prices go up but instead it is only FUD so many traders are more turning to altcoin to try to take advantage of the moment on altcoin.
Partly the investor is unhappy with the fall of Bitcoin. And just against this background, perhaps the investor will now come to Altcoins. This is due to the fact that coins are at the lowest price ranges.

Perhaps, the investor is not happy to see the fall of bitcoin. But if they still hold bitcoin for a long time, I am sure they will be happy because they can see what they invest in bitcoin can give them a big profit. That will happen too with the altcoin, and more investors will come to the altcoin besides bitcoin because they can see a chance to make a profit again. And once that thing can happen, we will see another altcoin season arrives, and that means, we all can make another profit in bitcoin. That will trigger the market to recover fully. But that is only speculation since we don't know what will happen and we can hope that it will happen soon.
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October 02, 2019, 07:06:25 AM
 #72

I think this could be like you said because the price condition of bitcoin which is not too good anymore makes traders disappointed because before Bitcoin is said there will be bakt that makes prices go up but instead it is only FUD so many traders are more turning to altcoin to try to take advantage of the moment on altcoin.
Partly the investor is unhappy with the fall of Bitcoin. And just against this background, perhaps the investor will now come to Altcoins. This is due to the fact that coins are at the lowest price ranges.

Perhaps, the investor is not happy to see the fall of bitcoin. But if they still hold bitcoin for a long time, I am sure they will be happy because they can see what they invest in bitcoin can give them a big profit. That will happen too with the altcoin, and more investors will come to the altcoin besides bitcoin because they can see a chance to make a profit again. And once that thing can happen, we will see another altcoin season arrives, and that means, we all can make another profit in bitcoin. That will trigger the market to recover fully. But that is only speculation since we don't know what will happen and we can hope that it will happen soon.

Actually I'm holding an altcoin and I regret it since all of them got dump when bitcoins price drop so badly, And I cannot even take to hold them up for a while since the stigma of losing still in my mind that's why I choose to trade my new alts when profit shows already in my stack. And I would suggest to hold those alts who are in top list since new ones are prone to dumps.

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October 02, 2019, 10:45:03 AM
 #73

There is always going to be an alt season, it may just not be anything like 2017-2018. Many alts may die out before the next bull and we could see 10 to 20 coins going 10x. Last time was insane because every shitcoin went 10-50x also, I hope that doesn't happen again. Genuinely good projects should see an increase I hope. I think 2020 will be alt season, maybe some more known dumped alts in the top 100 will start to gain traction towards the end of 2019.

Never say never,,, and never say always;)

Just because it has always happened before does not mean it will happen again, especially when alt seasons have not had a long history yet. For sure, every time it happens means higher likelihood for it to happen again. If alt season happens a few more times in the next 10 years then for sure people can always look forward to the next cycle.

But it has not happened yet!

.
..........
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.....I AM BLACKJACK.FUN.....
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October 02, 2019, 11:16:09 AM
 #74

I guess it will happen again. Probably as soon as everyone get back into crypto, just like it was in 2017.
Weak hands get shooked off and strong hands will dominate. Stack up your altcoin portfolio asap!

 
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October 02, 2019, 04:53:30 PM
 #75

This proves that altcoins rely too much on BTC because BTC accounts for more than half of the market. The failure of Bakkt's launch made us more aware of that. Altcoins will return to the market when BTC begins to recover and rise again, at which point the altcoin season will begin.

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October 02, 2019, 05:55:56 PM
 #76

Wait when the moment after Halving Bitcoin occurs, then I am sure there will be a time for the Altcoin season which will dramatically increase in price. I speak like this because of the experience in 2016 ago, where a year after Halving Bitcoin, Bullrun happens very quickly. So stay patiently waiting for the Altcoin season to arrive.
Yeah, probably worth the wait but some people don't like to wait and it seems that the waiting game is just too much to handle. That's why most of these altcoins hoarders are losing their faith in cryptocurrency, leading to selling it for a small price.

3996
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October 03, 2019, 02:32:31 AM
 #77

I think since 2013, ICO not like now which a lot of tokens can created and maybe about scamming people, we can't simply make conclusion about it. In trading, profit or lose is something that can't be considered as scam because it is other people's decision. What i see in past is what scam people is something like cloud mining, HYIP and doubler site that easily took a lot of money from people.
There are certain rules in trade, which are regulated by the law of different countries. One of the violations is insider information about the issue or additional issue of tokens. This is an example.
I actually don't know about rules, because in past we can trade freely in exchanges. Specifically for bitcoin and altcoins, and i don't see any restriction for some countries and it is changed after trend change too. When a lot of tokens come maybe government only want their citizen not get scammed with that kind of investment and they make a lot of rules and now some exchanges force their users to do KYC.

.
..1xBit.com   Super Six..
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October 04, 2019, 05:07:53 AM
 #78

I think since 2013, ICO not like now which a lot of tokens can created and maybe about scamming people, we can't simply make conclusion about it. In trading, profit or lose is something that can't be considered as scam because it is other people's decision. What i see in past is what scam people is something like cloud mining, HYIP and doubler site that easily took a lot of money from people.
There are certain rules in trade, which are regulated by the law of different countries. One of the violations is insider information about the issue or additional issue of tokens. This is an example.
I actually don't know about rules, because in past we can trade freely in exchanges. Specifically for bitcoin and altcoins, and i don't see any restriction for some countries and it is changed after trend change too. When a lot of tokens come maybe government only want their citizen not get scammed with that kind of investment and they make a lot of rules and now some exchanges force their users to do KYC.
KYC is made by many exchanges not because of problems with Altcoins. This procedure is done so that the Exchanges know their customers and in the future fight against illegal financial transactions.
Maybe i am wrong. Because i only know that in past every citizen can trade freely in altcoin exchanges. And now for come countries it is restricted like for example for US citizen usually can't trade in some exchanges. For ICO, in whitepaper said that make sure not US citizen.

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..1xBit.com   Super Six..
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October 04, 2019, 08:24:43 AM
 #79

I truly believe the Altcoin season finished in early 2018 and with more and more projects competing for a space on CMC but the actual market cap not growing beyond 250 billion over the last two years, for me just means that most altcoins are in for a round of pump and dump by signal telegram groups and that's it. Unless there is a real big cash injection in the whole COINMARKETCAP and some of the projects excel in innovation and tech, I do not see another altcoin boom coming in the near future.


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Driggers95
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October 04, 2019, 01:41:43 PM
 #80

I truly believe the Altcoin season finished in early 2018 and with more and more projects competing for a space on CMC but the actual market cap not growing beyond 250 billion over the last two years, for me just means that most altcoins are in for a round of pump and dump by signal telegram groups and that's it. Unless there is a real big cash injection in the whole COINMARKETCAP and some of the projects excel in innovation and tech, I do not see another altcoin boom coming in the near future.
Until now, perhaps everyone's definition of the altcoin season is probably the value of the altcoin pumped and dumped as you said, they need such green signals to achieve the profit goals they have establish, and in recent months, altcoins are recovering at a staggering percentage every day, the altcoin season has no end, it's still happening every day. But this is also a conspiracy to keep us in this market because without an altcoin season like now, people soon abandoned the market when bitcoin only made the value of altcoins go down every day, which meant killing everyone's hopes

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