When is altcoin season???

[mahilchii]

In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

[Akiko]

- snipped -

Actually yes , altcoin season's will only be dependent on bitcoin price The one should start the increase will be on bitcoin.

There are altcoins who have had their own demand and are not dependent in bitcoin to rise but very few altcoin have this.


So to answer the basic question's when the altcoin season will start just always look at the bitcoin price and he will always give you signal when.

[bitkanu]

There was no altcoin season and all if strongly correlated with the bitcoin. There was no altcoin that can be independent being not affected by bitcoin. In my experience, if you must aware of the market movement.
Altcoin is totally depended and it can't be independent until it can use another thing to backed the asset to create its own value.

[TheUltraElite]

Bitcoin dominance Increases when more and more people buy and simply hold BTC.

Bitcoin dominance is the percentage of bitcoin to altcoins in a market based on market capitalization. If you are talking in terms on a no-fiat usage then the statement is correct. But if there is fiat involved then the money increasing the portion of bitcoin is not coming from altcoins but total market cap will increase.

Bitcoin dominance decreases when more and more people sell BTC.

For altcoin precisely and not fiat.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???

Altcoins could be independent if they are actually having something to develop and something has a market of its own to generate a demand/supply crisis so as to raise the price of that coin. This is generally not seen with all of the altcoin launched till date so the end result is that thy piggyback on the price of bitcoin.

[bgaf]

Altcoin can have an impact only on the market if the demand increases. But the case here, is most people recognize bitcoin as most influential and useful cryptocurrency, yet its usage is simply store of value and payment for peer to peer and many merchants. However. Altcoins are differentiated with one another and has sort of different use cases, but they still employ the use of store and value and merchant sales payment. But the thing is, bitcoin has grown in terms of market and adoption, which will took altcoin a long time period before it will shift to their soaring.

[ReiMomo]

Most likely the dominance of altcoin was based on the price movement of Bitcoin. It will swing the price once Bitcoin price move and I think that altcoins were depend by the Bitcoin price. But not all are the same cases, there are also some altcoins that having hype by the owner just like what happen to BSV coin. However, this is a case to case basis.

[jessyj48]

Altcoin season is bound to happen only if bitcoin surge higher to a new ATH and once whales noticed this they can opt in to altcoins which will decrease BTC dominance and makes altcoins to surge

[terrific]

So altcoins fate is purely depend on BTCs price reaction

As per my observation, this is like that. Look to cmc, many altcoins were dead long time ago but when bitcoin rushed to ath on 2017, they were alive and kicking.

[akirasendo17]

Altcoin season, i don't really think there is an altcoin season since its also depend on bitcoin price, if bitcoin price go up of course other coins like eth, etc LTC xrp will go up, since there are lots of traders that will captialized on the btc price, the higher the btc price, the more altcoins they can get, and the rest will follow like pumping of their coin saying its already alt season but no it will still depend on bitcoin price, if you still remember btc price goes 20k USD ,
altcoins go up, when btc price goes down , altcoin also follows.

[masterrex]

In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

IMO All cryptocurrencies are interconnected because they all shared in the one common market, Bitcoin and all Altcoins were needing each other to grow In that sense, Bitcoin dominance affects all altcoins, Bitcoin as the pioneering cryptocurrency in the market has a lot of influence from its users, investors, and supporters thats why if Bitcoin price was falling most of Altcoins were also affected. thats why for me altcoins are not fully independent from Bitcoin influence.

[semobo]

But today everything depends on cash, financial crisis then cash will become the king and exactly that is what happening that is why tether minting millions of coins in the past three weeks and still there is demand for that coin.

The real altcoin season is not expected in near future so don't stress too much by expecting too much.

[Kupid002]

But today everything depends on cash, financial crisis then cash will become the king and exactly that is what happening that is why tether minting millions of coins in the past three weeks and still there is demand for that coin.

The real altcoin season is not expected in near future so don't stress too much by expecting too much.

To all affected they are preparing cash instead of crypto currency since they are much need of cash right now. Even in my country cash is much more needed because the confirm cases increase day by day and you dont have idea how long it will take before we can back again to our normal life and normal thing we are doing every day.

Preparing cash if something worste happen or the lockdown extended even my self holding a cash by now.

[zero714309]

No one cant prediction. In 2019 so many trader/investor prediction Altsession will coming in Oct Nov Dec but we all see what happen at this time ? So better will follow what will going on with be careful. Manage our asset with best way is better than asking same question so many times.

[gaston castano]

if, in my opinion, when the domain of btc decreased, as it did in 2017, where more people sold btc and bought alt, that was what made it go up.
The dominance of BTC is now very high, so it will be very unlikely that the high season will arrive in the near future.
maybe 1 or 2 years from now.

[Finestream]

IMO it depends on bitcoin, during those times when we witness the altcoins season, the market was hype due to the fact that bitcoin has achieved a new ATH, now since bitcoin is struggling, no money are also falling into altcoins market.

The mentality of the investors are very simple, they believe that bitcoin is the strongest asset and as long as it holds the biggest dominance rate, altcoins will always follow on bitcoin's movement, so altcoins is just a 2nd option to them, they'll only invest when bitcoin will do better.

[The Cryptovator]

I am quite sure altcoins are not going to recover very soon due to various reasons. Problems is alt coins do not follow bitcoin trend always what we have seen when bitcoin was on $3K zone. When bitcoin jump up to $14K but altcoin was dumped more and more. I believe most of alts are on bottom now. More likely if bitcoin doesn't touch ATH again then we can't expect alt session really. Is become more complicated to predict about market lately. Due to COVID-19 global economy has been collapsing, so until prevent this COVID-19 there is no opportunity to see alt session in my opinion. Likely we will have to wait for it.

[royalfestus]

Altcoins price movement depends on bitcoin especially when the whole altcoin market is concerned. I also think interest in more profitable coin will depend on the size of exchanges listed, number of exchanges and size of marketcap of the project, these are more attractive factors to the pump of altcoins especially in bitcoin value. We need to know that some more altcoin will die and need to exit such project before we turn victims.

[YOSHIE]

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

maybe what you dreamed of this year could happen, Altcoin will be the heyday of your dreams.

But nature wills outside human thinking, with what has happened so far dozens of people have died suddenly of a deadly plague, in 100 people killed every day in the world, maybe half who hold Bitcoin and Altcoin.
This is the disaster of the decline of Altcoin and Btc, generally most people no longer think about coins, think of the fate of their respective families in the face of this plague.

Behind all that it can be learned that Bitcoin and Altcoin will meet its heyday again someday, we can only pray that everyone in the world will be healthy and can invest again in crypto in general.

that's when Altcoin will increase and to re-glory.

[themohit]

I am quite sure altcoins are not going to recover very soon due to various reasons. Problems is alt coins do not follow bitcoin trend always what we have seen when bitcoin was on $3K zone. When bitcoin jump up to $14K but altcoin was dumped more and more. I believe most of alts are on bottom now. More likely if bitcoin doesn't touch ATH again then we can't expect alt session really. Is become more complicated to predict about market lately. Due to COVID-19 global economy has been collapsing, so until prevent this COVID-19 there is no opportunity to see alt session in my opinion. Likely we will have to wait for it.

Fully agree - it seems like alts are on bottom and we can't expect them to go back up due to current world problems and crypto immaturity.
However, I have a strong feeling that exchanges and other services are interested in alts going higher so they could possibly make fake liquidity so people would believe alts are not dead.
Obviously it will work only if they keep on with timings and start the plan only when btc pumps.

[pakhitheboss]

In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

Historically it has always been Bitcoin controlling the market. Alts do not control it  and I am sure it will remain the same in the future too. Although some alts are better than Bitcoin technically but there is none to replace it unfortunately.