Mpamaegbu
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Once a man, twice a child!
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March 29, 2020, 04:21:30 PM |
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In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance...
That isn't true. Altcoins have great time when Bitcoin's dominance weans. It's obvious that when more people buy and trade Bitcoin they neglect altcoins. Thus dominance for Bitcoin increases and that of altcoins crashes. For instance, right now Bitcoin controls 64.9% of the total market cap and this won't give altcoins air to rise. But once the dominance lowers to say below 60%, go check the prices of altcoins and see how great they would be. |
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Kersh768
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Freshdice.com
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March 29, 2020, 04:31:50 PM |
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Altcoin season would more likely occur when the market is back to its feet again but most of the time it is when the market price of Bitcoin is on uptrend. But it doesn't mean always, there are times wherein the market prices of altcoins are on greenmarks while Bitcoin is in red marks. It is just that, parallelism would be mostly observed during the altcoin season. Not in such a hard times. We will see altseason only when (if) both markets starts to recover
Indeed true. It is still blurry to have vision of such thing as of the moment due to the recent crash which made it more difficult for the market prices to again recover. But I believe that such thing is still possible once the socioeconomic crisis end, which could be a good start, then recovery and other things would more likely follow. Impossible to predict, uncharted waters for now. Holding 70% BTC and the rest divided into ETH, NWC and LINK. No trade zone for me ATM.
Trading is not preferred at this moment by many people. Investing on the other hand is. In my case, I do hold various altcoins but most of my holdings are in Bitcoin and I bet many people here, are also doing the same thing since the recovery of Bitcoin is more anticipated by most investors I think. |
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casperBGD
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Nil Satis Nisi Optimum
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March 29, 2020, 04:54:30 PM |
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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.
it mostly depends on BTC swings, but some altcoins have life on their own, and rise when BTC is not, you can wait for the season, or DYOR and find altcoins that are actually doing well currently, still former option is safer than later, but rather both are with high risk |
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matchi2011
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Buy $BGL before it's too late!
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March 29, 2020, 05:03:53 PM |
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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.
it mostly depends on BTC swings, but some altcoins have life on their own, and rise when BTC is not, you can wait for the season, or DYOR and find altcoins that are actually doing well currently, still former option is safer than later, but rather both are with high risk You need to be more precise in choosing your call, there are lots of influence that might take before you'll find the right project to invest your money, the more you engage to the project the more chance that you'll be able to project the possible next outcome. Alts with good background with developers who really paying attentions in finding ways to succeed mostly being supported by traders. |
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oscarftw
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March 29, 2020, 05:13:59 PM |
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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.
This is possible altcoins are dependent on Bitcoin. I noticed that during Bitcoin bullrun only new coins are showing highest bullrun. If any new coin listed a good exchange during Bitcoin bullrun, price could hit top even I'm surprised that team management doesn't bother to price. Overall by research,, altcoins aren't independent from Bitcoin price. |
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Firefoxx
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March 29, 2020, 05:31:29 PM |
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I always tell people that everyday is altcoins season. We do not and cannot predict as before Altcoin season anymore unlike before people predict altcoins. Those days are over unless market bounces back like before but with the move of everything now Altcoin including BTC is unpredictable. Let's understand it and work with project teams for news and updates.
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irixo10
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GoMeat - Digitalizing Meat Stores - ICO
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March 29, 2020, 06:15:49 PM |
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Yes the price or fate of altcoins depends on that of BTC and that is the way it has been for a while now or rather since inception. When people aren't going for BTC they are going for altcoins hence altcoins surge in price and vice versa. But nowadays, there seems to be a change in events as most times both BTC and good altcoins surge in price together; these good altcoins are mostly major altcoins and a few others which have what it takes. Nevertheless, no one can categorically say when there will be altcoin season as this space can't really be predicted.
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BeginToMine
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https://www.payaccept.net/
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March 29, 2020, 07:58:09 PM |
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I have gone through everybody's chats which it's all true, altcoins is dependent on BTC and BTC growth is yet to be seen but I do think pretty soon as the halving is soon approaching we could see such. Anybody holding altcoins thinking for long moon may end up sinking. Few altcoins moon hard but based on news. Let's be hopeful!
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gundala
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March 29, 2020, 08:46:21 PM |
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~~
That isn't true. Altcoins have great time when Bitcoin's dominance weans. It's obvious that when more people buy and trade Bitcoin they neglect altcoins. Thus dominance for Bitcoin increases and that of altcoins crashes. For instance, right now Bitcoin controls 64.9% of the total market cap and this won't give altcoins air to rise. But once the dominance lowers to say below 60%, go check the prices of altcoins and see how great they would be. Correct. The current dominance of bitcoin shows that BTC is more attractive to investors in extreme market changes. The dominance of Bitcoin often decreases when altcoin and Ethereum increase in value, it means there is a change in investor strategy in adjusting market conditions. So the graphs look like they have the same pattern, look at this  https://coinmarketcap.com/charts/ |
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BeginToMine
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https://www.payaccept.net/
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March 29, 2020, 09:51:07 PM |
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Altcoin season should come during BTC halving or once coronavirus issue fades guess market will be back then.
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Finestream
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March 29, 2020, 11:13:03 PM |
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Altcoin season should come during BTC halving or once coronavirus issue fades guess market will be back then.
The halving will come as it has a fix schedule but the coronavirus might stay longer, God forbid, but I'm just trying to be realistic here as the its been spreading so fast especially in the US which is a major country. As in BTC halving its expected that the value of bitcoin will rise but it does not mean we will also see an altcoin season, it was never a guarantee. |
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Akoldi_ibk
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March 30, 2020, 09:52:54 PM |
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Altcoin season is pending at the moment. Financial markets all over are way down below the below. What is happening globally will dictate which direction and when we move upwards. However, there will be handful of altcoins that will still perform well, but might not be an optimal performance. Let's deal with convid19.
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───[ KUWA.ai ]─── |
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TheUltraElite
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Call your grandparents and tell them you love them
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April 06, 2020, 06:28:16 AM |
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Altcoin season should come during BTC halving or once coronavirus issue fades guess market will be back then.
Very optimistic though. But the world needs to come out of the crisis first and then get the economic condition stable again. Opinions are divided among what is going to happen with the halving and its effect on prices now that the pandemic has occurred. The halving will come as it has a fix schedule but the coronavirus might stay longer, God forbid, but I'm just trying to be realistic here as the its been spreading so fast especially in the US which is a major country. True, the halving does not depend on the pandemic. It will come no matter what. So the expected pump that was supposed to happen before the halving may not happen at all. We might not see altcoin season at all this year anymore because the world economy is going to need time to recover. As in BTC halving its expected that the value of bitcoin will rise but it does not mean we will also see an altcoin season, it was never a guarantee. In fact I am more of the opinion that altcoin season is a gimmick and just a false hope to altcoin holders.  |
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BitcoinTurk
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April 06, 2020, 07:26:39 AM |
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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.
Unfortunately, you will not find this season you expect in the near future, as the world markets are in a general downward trend. Unfortunately, alternative cryptocurrencies will take some time to rise, as overall markets are in a downtrend and cryptocurrency markets are also heavily affected by this downward trend. On the other hand, as long as the dominance rate of Bitcoin does not decrease, it is not right to have such an expectation unless there is a serious new money inflow into the cryptocurrency markets and the world cannot overcome the current economic crisis. Unfortunately, it seems very difficult to live a beautiful bull period, there is nothing we can do other than wait. |
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nekonyun
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April 06, 2020, 08:51:56 AM |
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alt season starts when bitcoin dominates up and stable, and bitcoin prices in uptrend make alt season begin and altseason ends when btc prices in downtrend and btc dominance down
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Samayuki
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April 06, 2020, 08:56:59 AM |
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Do not expect altcoins season, the hope of altcoin season will come to life only if Bitcoin is ready for bullrun, a new all time high will make things possible for altcoins
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awik p
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Pepemo.vip
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April 06, 2020, 09:19:24 AM |
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the altcoin season is usually preceded by the bitcoin season, so when bitcoin goes up, then altcoin is likely to go up too, but this is not necessarily also, because yesterday when bitcoin went up not all altcoins followed it. but at least with the increase in bitcoin makes hope that the altcoin season will arrive
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PlayFuel_Official
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April 06, 2020, 09:34:08 AM |
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Altcoin season is just around the corner. As BTC reportedly climbed 10% this week, altcoins are showing great potential too. ETH, BNB, LINK are just some of the consistent altcoin leaders in the market. If you come to think of it, the gaming industry is also targeted by altcoins. EJC is a pioneer for this. Yet, PlayFuel, a new blockchain gaming altcoin has now a market cap of 200 million USD. PLF is standing strong among other gaming cryptos. To more about PLF please click : https://bitcointalk.org/index.php?topic=5237110.0 |
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leea-1334
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April 06, 2020, 09:46:08 AM |
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Unfortunately, it seems very difficult to live a beautiful bull period, there is nothing we can do other than wait.
There are a thousand things you can do other than wait. Waiting and hoping will not magically bring the bull for you. Enjoy your life, enrich it with knowledge and enrich others' own lives with knowledge. Spread the USE of crypto not just hodling for the sake of hodling. Promote crypto and show how it can be used to improve everybody's lives. Then the bull comes from all of these efforts. |
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cahbagus555
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April 06, 2020, 10:01:15 AM |
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Do not expect altcoins season, the hope of altcoin season will come to life only if Bitcoin is ready for bullrun, a new all time high will make things possible for altcoins
The performance of most altcoins depends on the performance of Bitcoin and the current performance of Bitcoin has begun to show good development after falling due to the impact of coronavirus. It's hard to predict when an altseason will occur but seeing that Bitcoin dominance is still high, I think it still needs time for an altseason |
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