leea-1334
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March 22, 2020, 11:07:03 AM |
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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.
Never in our lifetime to be sure! I remember when Ethereum was going crazy and Cryptokitties and tokens and ICOs were all splashing out and they were saying this is the end of BTC. And especially when bitcoin forks were being threatened,,, but we all know what happened after that and Bitcoin is going to prove the same for a long time more.
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Crypto_lion
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March 22, 2020, 11:10:25 AM |
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Altcoins season was always likely to take a long time coming but now with even Bitcoin and other established markets struggling and with JP Morgan predicting that we are likely to hit recession in this year we might have to wait for another two years to see the price recover to the previous prices.
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trauchot
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March 22, 2020, 11:10:56 AM |
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In most cases, when bitcoin begins to grow then all altcoins start to grow, of course there were exceptions when altcoins grew and bitcoin almost did not grow, but this was rare, but in general when the altcoin season will be unknown, because you see what is happening now all over the world.
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Kelvinid
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March 22, 2020, 11:15:24 AM |
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Its something we need to think and accept that altcoins seasons had something to miss. The market isn't performing so well nor that Bitcoin shows an impressive market growth helping altcoins to move high as it should have to be. Only the top altcoins might able to reach a high level and it giving fewer chances for the others.
Last 2017 we witness a huge hype for altcoins, some makes a huge gains but many also had been suffering big losses after. Think that this thing will never happen again as we observe that there are no hypes shown to us this time.
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amonymous
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March 22, 2020, 11:42:48 AM |
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Actually right because altcoins price depends on the bitcoin price situation so you know bitcoin price failed some days in fact we can't expect now altcoins price grow moment. We should them good support then crypto market will grow soon.
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murat131
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March 22, 2020, 11:47:24 AM |
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Not soon for sure. We are in crisis situation, not right time for altseason and pumps
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inanilujimi
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March 22, 2020, 12:03:30 PM |
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everybody misses the altcoin season that happened in 2017, but for me it will never happen again. it's better for me to take advantage of any situation than to have to wait for something uncertain.
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cassavachips
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March 22, 2020, 12:05:26 PM |
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I think it happened in the last month before the market conditions worsened like a few days ago, the altcoin season occurred when bitcoin also experienced a good increase. I think it all depends on the price of bitcoin, so when halving bitcoin increases, altcoin should also follow it
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aemma
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March 22, 2020, 12:10:56 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.
One striking thing I picked out or want to draw your attention to is the statement you just made; Bitcoin dominance increase when people are buying it, that is to say, higher demand leads to greater value. Now, it can see seen that for altcoins to boom there must be a huge demand for it which will invertly lead to the decrease in price of Bitcoin. So back to your question, no one knows when the altcoin season will be as most altcoins nowadays are just for profit with just a little number really after positive change and growth. Also, to a greater extent I think the fate of altcoins depends on that of BTC.
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meanwords
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March 22, 2020, 01:43:52 PM |
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Last 2017 we witness a huge hype for altcoins, some makes a huge gains but many also had been suffering big losses after. Think that this thing will never happen again as we observe that there are no hypes shown to us this time.
Agreed, also one of the main reason why Bitcoin reached that high was because of the hyped Bitconnect which invited even those who don't know what Bitcoin is. Surely people learned a lot because of this. We all do. I don't think alt season will ever come again. People learned during the 2018 dump that 99% of altcoins today are scams. Most investors will probably stay away from altcoins as much as possible except those in the top list.
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qory
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March 22, 2020, 01:53:48 PM |
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Altcoin season is coming soon and you must ready from now to hold and invest with many altcoin kinds, you can start with investing in ethereum, bitcoin cash or you can invest more with litecoin, you must ready now and never miss chance to get much profit when altcoin season is back.
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Davian144
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March 22, 2020, 02:21:22 PM |
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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
Does that mean that the core of the Altcoin season is on the price movements of Bitcoin? if it's really like that, it means that the Altcoin season has just happened once, namely at the end of 2017, because at that time the price of Bitcoin was very expensive, and the price of most Altcoins was also expensive in all markets.
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taufik123
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March 22, 2020, 02:25:38 PM |
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-snip-
Altcoin season will indeed occur but certainly not at the current conditions. The condition of the crypto market and the world market is very unsupportive. Indeed, there will be many benefits if you buy some altcoin at this time but it is indeed safer to buy altcoin which is clearly a candidate for altcoin that will rise when the altcoin season arrives. Ethereum, LTC and several altcoins in the top 10 CMC have greater potential and are good for investing in Longterm and in accordance with the target price you want later. All investments have risks, waiting for the altcoin season must prepare capital to buy altcoin at lower prices and be strong mentally when prices have not reached the target.
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lepbagong
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March 22, 2020, 02:46:03 PM |
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Maybe we can trust with halving give moment for altcoin season back to higher price but with world situation faced Corona virus will give effect for economic world and make bitcoin and altcoin will go down, we need waiting for several time later for seeing altcoin season come back to higher price and give us much profit as holder and investor.
corona virus outbreak will inevitably have an impact on crypto even though indirectly the effect occurs. because the economy is currently very disturbed by this. but after the situation starts to improve there will be a significant movement but the influence of bitcoin is also very large will be the movement of altcoin. I hope everything gets better and altcoin can again succeed.
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tvplus006
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March 22, 2020, 03:09:24 PM |
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The dominance of bitcoins increases only when the value of altcoins in relation to bitcoin decreases. A change in dominance does not occur when the cryptocurrency market shows growth and the price of not only bitcoins but also altcoins increases. The increase in the dominance of BTC will also occur when the price of altcoins becomes less, and the price of bitcoin remains the same.
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suryapro
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March 22, 2020, 03:36:52 PM |
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yes, thats right..because at that time there was not much development in the crypto project, so there was no other choice for new projects to remain under the control of bitcoin. but now the situation is developing and many projects are able to stand on their own. even though the asking price of this new project is far below bitcoin.
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shadowdio
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Zawardo
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March 22, 2020, 04:09:13 PM |
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Only time can tell when will altcoin season or it depends to the bitcoin movement. If bitcoin increase then the altcoins will follow. Now seems there is no chances that we can see the altcoin season this year because of the corona virus.
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kentrolla
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March 22, 2020, 05:26:05 PM |
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Obviously, it depends only on the Bitcoins price. Bitcoins dominance has risen to all time high this year and I guess decentralisation is the main concept as far as crypto currency is concerned, many altcoins project still haven't gained any traction.
Altcoins used to be the ultimate play in 2017 but now the majority of altcoins fail because they have not done anything as they give false promises and disappoint the Investors this created a bad reputation to the altcoins and till now I feel that's the only reason they are dependent on BTCs price.
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ufaiz50
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March 22, 2020, 05:33:14 PM |
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It's better not to expect sessions, whatever they do according to your predictions. If you ask like that, then you will often get uncertain answers.
I personally think all of those markets must have a hold, so if you ask whether altcoin is dependent on bitcoin or independent?. My answer depends on the bitcoin market, from the altcoin market history often fluctuates referring to the bitcoin market.
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Coin BTC
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March 22, 2020, 06:10:14 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.
I think it really depends on the movement of Bitcoin. If the price of Bitcoin drop, then Altcoin also drop. If the price of Bitcoin rises, even though the price of Altcoin remains at the base price, the Altcoin chart remains green. For example: 1 BTC = $ 5000 1 EOS = $ 2 1 BTC = 2500 EOS if: 1 BTC = $ 6000 chart greenand 1 EOS = $ 2 (fixed price) Then: 1 BTC = 3000 EOS or $ 6000 = 3000 EOS EOS: green chart. The change in value obtained will be a green graph. Maybe this is my view in looking at the graph/ chart.
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