Has alt season started?

[SheriffEl]

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

[Lucius]

I personally do not see any alt season starts, maybe only if you think of the season of total discounts caused by the BTC price drop? If you have good feeling about some coin and you have extra money to spend it's your decision whether or not to invest in something.

I would be very careful in your place, altcoins have been performing very poorly since the beginning of 2018, and they no longer follow the price of Bitcoin to the extent that was case before. Your money, your risk, no one at this point can say you are wrong or right.

[ivakar]

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

look, I'm afraid alts are dead and they will be dead for a very long time, there are no money resources to resurrect them 
and I doubt that folks will start to sell bitcoin and buy some alts.. no, I think everyone should the opposite - sell alts and buy btc while the price is attractive

[SheriffEl]

I personally do not see any alt season starts, maybe only if you think of the season of total discounts caused by the BTC price drop? If you have good feeling about some coin and you have extra money to spend it's your decision whether or not to invest in something.

I would be very careful in your place, altcoins have been performing very poorly since the beginning of 2018, and they no longer follow the price of Bitcoin to the extent that was case before. Your money, your risk, no one at this point can say you are wrong or right.

Well, I also believe that Libra will affect them positively? what do you think?

[mk4]

Ah.. It's now time to use one of my most favorite crypto memes ever.

Source: Twitter

Answer: No. You're going to need a lot more upside from here to be able to call it an "alt season".      ..assuming we're going to get another one lol

[Bttzed03]

From where we are now, there is no more altcoin season. It's "altcoin waiting for bitcoin" season.

[Lucius]

Well, I also believe that Libra will affect them positively? what do you think?

Libra is something that doesn't matter at all when it comes to Bitcoin or altcoins, and, as things stand, there is a good chance that the project will not be realized at all. Just google by keyword "Libra" and you will see that actually the whole world is against this idea. Even if the whole project starts, it would not be useful for cryptocurrency in general - ask yourself why would anyone use Bitcoin or any altcoin if Libra is the ultimate crypto solution?

I personally don't see the benefits of investing in any altcoin, especially in the long run - so I advise you to look at the Bitcoin chart and statistics which is showing ROI (Return on Investment) from 2013 until today is 5,544.73%.

[Casdinyard]

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

I don't know what you see for saying that. The cards are turning their fate with altcoin since last year and whatever hype they did can't closely affect the price.

All I know that only bitcoin season will bloom this year. Don't be fooled by small increase, all is usual.

[Wexnident]

I don't think so? The fact that BTC crashed shows that the eyes of the market is on it. And besides, the third halving is just around the corner. BTC will only attract more and more attention as the time between now and the halving shortens so I don't really think altcoin has a chance to squeeze itself in. Besides, its not only BTC that decreased in price, iirc, all famous altcoins had some losses in the market.

[lobat999]

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

I think the best indicator for an alt season is that we will see Bitcoin's dominance index go more or less at 30 percent at Coinmarketcap data just like what happened on the last bull run of 2017.

Unfortunately, Bitcoin's dominance to date as per Coinmarketcap's data is now hovering at 65 percent thus any altcoin season idea right now is simply unrealistic. Imho.

[HeRetiK]

Don't people have any patience anymore? It's not even Bitcoin season yet

I wouldn't expect alts to show major action before Bitcoin has confirmed the end of the bear market. Of course at this point alts won't be at their cheapest anymore, but I wouldn't bet on alts having reached their bottom before Bitcoin has stabilized.

[SheriffEl]

Well, I also believe that Libra will affect them positively? what do you think?

Libra is something that doesn't matter at all when it comes to Bitcoin or altcoins, and, as things stand, there is a good chance that the project will not be realized at all. Just google by keyword "Libra" and you will see that actually the whole world is against this idea. Even if the whole project starts, it would not be useful for cryptocurrency in general - ask yourself why would anyone use Bitcoin or any altcoin if Libra is the ultimate crypto solution?

I personally don't see the benefits of investing in any altcoin, especially in the long run - so I advise you to look at the Bitcoin chart and statistics which is showing ROI (Return on Investment) from 2013 until today is 5,544.73%.

Hold on. Maybe I don't understand libra correctly than? Sorry if these are a bit newb-like questions. The idea is that you will be able to buy Libra only with Bitcoin right? And Facebook will be offering a discount if you pay Facebook ads with Libra. IF this is true than around 4 Billion USD will go to Bitcoin and than into libra? since everyone will want a discount when paying for facebook ads.

[erickastella]

crypto is very difficult to guess, if you want to collect some coins I suggest first look at market conditions and good news, bad news from altcoin that you will buy, because altcoin is not yet stable, easy to free fall down I suggest caution.

[HeRetiK]

The idea is that you will be able to buy Libra only with Bitcoin right?

What makes you think Libra will only be purchasable using Bitcoin? Honestly I wouldn't be surprised if Facebook would sell Libra for anything but Bitcoin.

[SheriffEl]

The idea is that you will be able to buy Libra only with Bitcoin right?

What makes you think Libra will only be purchasable using Bitcoin? Honestly I wouldn't be surprised if Facebook would sell Libra for anything but Bitcoin.

I'm pretty sure that I have read it somewhere. Something about that in the beginning you will only be able to buy it with BTC.

[tranthidung]

look, I'm afraid alts are dead and they will be dead for a very long time

When people massively talk about something is dead, altcoin, bitcoin, stock, whatever kinda assets, they usually end their winter, wake up and began their new growth season (rallying from bottom, exactly described).
I do believe that from now till the end of this year, altcoins will recover impressively.

It is important to remember that shit altcoins mostly have been dead and will hardly or never to recover, but for good ones, they will do rally after bottoming out.

One above raised interesting point that bitcoin has not yet started its bull run with its new parabolic curve, so why have we all been depressed too much with altcoins?

[Lucius]

Hold on. Maybe I don't understand libra correctly than?

You got it wrong, the idea of Libra is to be something like a stablecoin, so you convert your fiat into Libra and then use it for sending money to someone or to buy things. The point is that it would become a world currency in some way but under the control of Facebook and its partners. This is something that is not liked by anyone in the world, so this project has no future so far. Buying Libra with Bitcoin is only one possibility, the same as buying any stablecoin today.

[target]

What I'm noticing is that BTC is dropping and Altcoins are somehow doing its own price correction. I could be wrong but ETH started to climb from $160 to $167 and BTC stays on $7600 after dipping. This also happen to some altcoins which are mostly having good amount of volume. I can only think some of whales are already starting to buy altcoins using the BTC they have on exchanges.

[conex]

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

According to ''analyst'' YES: https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff
Impossible to say but now's a good time for checking alts out. My favourites XLM, NEO, NWC, NEM...

[GSpgh]

Well, I also believe that Libra will affect them positively? what do you think?

Libra is basically dead in the water after major partners pulled out.

https://www.cnbc.com/2019/10/25/facebooks-libra-plans-appear-to-be-in-big-trouble-heres-why.html

And it had nothing to with alts anyway. More similar to apple card than crypto currency.