We are in a Bitcoin Rally, not an Altcoin Rally

[CryptoResearchReport]

Several weeks have passed since the Bitcoin Halvening. Weeks in which large parts of the market have been relatively quiet. Hardly any major cryptocurrency today differs from its position on May 9th, two days before the halving. Compared to mid-February and mid-March, however, a clear difference can be seen in the performance of individual projects during the Corona crisis. This article attempts to get to the bottom of this phenomenon and to draw parallels to the halving of 2016.

In an economic expansion, small firms tend to have better returns than large firms. In an economic recession, the reverse tends to be true: large firms tend to outperform small firms. This is because in an expansion, fiat inflation pushes investors into increasingly risky investments, but during a downturn, investors seek conservative safe havens to store their wealth.

For example, the small-cap Russell 2000 index dropped 38.6% between February 19th and March 17th, when the S&P 500 large-cap index was only down 29.5%.

A similar pattern may exist with cryptocurrencies.

When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.

Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/

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[BrewMaster]

actually bitcoin price can be considered stable these days and a stable bitcoin has always meant shitcoin pumping in the past. and if we take a look at the altcoin market we can clearly see that they are getting pumped and dumped.

For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.

that is because you are looking at the top 10 shitcoins instead of looking at all of them. in altcoin market there is no different between a coin that is at the top of the list in coinmarketcap or at the bottom of it in the eyes of an altcoin pumper. they pump all and 90% of the time they are focusing on smaller coins that are in low tier groups because they can generate a lot more profit than the top 10 shitcoins.

[nelson4lov]

So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.

Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.

[Yaunfitda]

I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.

[bittraffic]

Somehow I can say the alcoins rally though. BTC dominance decreases and seeing some alts have grown almost 100% since. It is either the altcoins are retracing back and the investors are looking into it for profit incase the bullrun started. Its interesting because even right now those coins are not affected and some of them are in rising still.

So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.

Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.

If the price breaks the support level we may end up in the 8600. Fun ride though.

[Mahanton]

I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.

Specially on low cap coins thats why some do really have that kind of impression that alt market do have some rally just because they do see green which is just only being pumped up into those low cap coins and a small percentage rise on top alts which i dont really consider a rally.BTC market doesnt always correlate with Alt because it can go to opposite direction even if bitcoin is moving up but most of the time we can really
see that its being dragged off and do make also some increase. This had been always the movement of the market after how many years and for now the price of btc is tending to go down and as said above if we do break the current support then we might able to see some lower price for this month which is somehow anticipated and i do consider a good buying point if you are just doing some short trades.

[Wexnident]

Bitcoin Rally could've been pretty much said to be over after the rise from around ~$7k to ~$9k. After that, the price basically just played around $8k-$10k. Tbh, altcoin rallies can be said to be a side result of Bitcoin rallies. You'd mostly see that altcoins tend to follow the general trend for the BTC markets, rising if BTC goes up and falling if BTC goes down. And really, talk about altcoin rally when the said altcoins don't rise cause of altcoin pumpers. In the end, they are just being pushed by the companies behind them to generate profit through manipulation.

[Slow death]

when I read this: "We are in a Bitcoin Rally, not an Altcoin Rally" I thought: "Have you ever been to the altcoin section?". I will give my opinion, whenever there is a Bitcoin rally, altcoins will also follow bitcoin. Why do I think so? when bitcoin starts to rise a lot it attracts people who invested in altcoins and when the bitcoin price is stable, people start selling bitcoin to buy altcoins again. this cycle has been going on for years. And we must not forget that bitcoin is the main crypto and people always think that if there is a bitcoin rally, there will also be an altcoin rally

[math2020]

So far, so good. Bitcoin has maintained its price stability of the past couple of weeks since the block halving. Regardless of the fact that the price hasn't pumped as a lot of people thought and still think it should. I believe this is a good sign as Bitcoin has maintained its price even in the face of the growing pandemic. If I remember correctly, several traditional assets have all fell short and dropped significantly.

Talking about altcoins, There haven't been any major movements in the last couple of weeks. Should Bitcoin take a dive in the coming days, alts will survive more.

It is a good sign for us that bitcoin is moving between range 9k- 10k. In this range altcoin also performing well. We should worry if btc drops below 9k..but remember that this is crypto.

[DoubleEdgeEX]

The correlation is still high, Ethereum is at 0,9 which is insane. I assume it will change after the switch to POS and hopefully a braoder acceptance and therefore more use cases that really help people instead of just being anther random coin to be traded by lucksters that hope for a 100x

[kryptqnick]

When the global economy is in an expansionary period caused by easy credit lending policies, diversification into alt-coins tends to outperform Bitcoin. However, when the global economy is hit hard, Bitcoin tends to outperform a diversified portfolio of alt-coins. For example, trading volumes of the altcoins in the Top 10 on Coinmarketcap.com decreased by 30% between March 6th and April 1st, while Bitcoin’s trading volume didn’t decrease at all.

Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/

Altcoins have been left behind since 2018, and I don't see a good future where they are getting more adopted and used than it was in 2017. They've disappointed many people because they promised so much but failed to deliver significant results. As for Bitcoin, I suppose one could say it's dealing fine compared with traditional assets, and there's a good reason for that: while Bitcoin is affected by panic, it's not actually suffering from the quarantine because it doesn't require tons of people gathering in small places like other things do. I would not call it a rally, though. I stand with others who point out that Bitcoin is simply stable, but not on the rise.

[DraGonD]

Altcoin rally? Look at 1 week candle, nothing intresting, nothing bullish. Absolutely.

[Sanugarid]

when I read this: "We are in a Bitcoin Rally, not an Altcoin Rally" I thought: "Have you ever been to the altcoin section?".

Most probably the OP only sees bitcoin in the market and did not give a single look at growing altcoins. And yes, I'm sure he did not even bother himself to look at altcoin sections.

I will give my opinion, whenever there is a Bitcoin rally, altcoins will also follow bitcoin. Why do I think so? when bitcoin starts to rise a lot it attracts people who invested in altcoins and when the bitcoin price is stable, people start selling bitcoin to buy altcoins again. this cycle has been going on for years. And we must not forget that bitcoin is the main crypto and people always think that if there is a bitcoin rally, there will also be an altcoin rally

What I think now is that altcoin is getting stronger these days, after the halving the bitcoin transactions are everywhere, it is wild as in, but after a couple of weeks there is a decline in bitcoin transaction, maybe people did not waste money to pay for higher fees than what they can pay for sending funds in altcoins. Recently, the ethereum is ahead on commission fees after bitcoin went down from $1M to $300k. We should not underestimate the altcoins, any altcoin can replace bitcoin because it is never impossible.

[Yamifoud]

Well, it is expected that altcoins won't come up and have its rallying moment if Bitcoin didn't do the rally as well. It is in the moment that Bitcoin isn't moving high, the price of Bitcoin has shown stable at this time that Altcoins can't either move as well and that what we think before. But somehow, the market has really changed, in fact, some potential altcoin has a pump just like Ethereum. may we can say that investors are not only focusing on Bitcoin but they also considering altcoins unlike what they did last year.

[Oceat]

Not yet in a rally for Bitcoin and altcoins but in a fight for ups and downs since this looks like a normal day to them because nothing really change that much. The market is just moving according to the traders and somehow it's a fight of volatility on who gained and who lost. We will much more likely to see the rally that we want it's either by the end of the year or next year.

[Argoo]

Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall. In addition, potential investors are now apparently waiting for the possibility of a new wave of coronavirus spread. Therefore, the cryptocurrency market is likely to begin to grow by the end of the year. Perhaps then we will see the growth of altcoins.

[pooya87]

Since the beginning of 2018, we have not seen an altcoin rally yet. Now there is a relative lull in the cryptocurrency market. Traditionally, from mid-summer, activity in all markets falls until the fall.

a rally is when the price goes up naturally in a healthy market due to adoption and as the result it stays up. i don't think we had any altcoin rallies ever, not just in the past 2 years. what altcoins had in the entire history of cryptocurrency market has been pump and dumps. the 2017 pumps are the best recent examples you can think of.
the reason why they aren't rising has nothing to do with time and being before fall! it is only because they were pumped and the dumps that inevitably came next have bankrupted all the newbies who fell for those pumps.

[pakhitheboss]

First of all please do not compare the Stock market with the Cryptocurrency market. They both are very different in a lot of aspects.

The second thing is that in what sense do you think Bitcoin is going up or there is a rally? as Bitcoin is still below 10k. Last time when Bitcoin was above 10k it was in the month of February this year.

Till today it is struggling to hit that mark, so I do not consider it as an upward trend but a sideways trend. What I have noticed after the halving is that Bitcoin is less volatile as compared to what it was before halving.

[Eugenar]

I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.

Well said, bitcoin is still in $9k, from the price of $3900 before when the pandemic is still existing it goes up to $6k and it pumped up to $10k when bitcoin halving started, honestly I disappoint to the price of the bitcoin when bitcoin halving happens because I really thought that it will go up to $13k and it will give me large profit. I invested when the price of the bitcoin is almost $8.8k and it doesn't give me much profit when $10k happened. I am still hoping that bitcoin could reach higher within this year. We are not almost done and everything can still happen.

[Savemore]

I wouldn't say that we are in a rally, but bitcoin has already bounce back and recovered from the last lower lows for this year and its been touted as the best speculative asset for this year so far. For altcoin markets to rally? Well they have to wait for bitcoin to go on a bull run to have a trickle effect. So far altcoin investors are shifting their investment to bitcoin, so I'm not seeing any altcoin rally, perhaps just few occasional pumps here and there.

Well said, bitcoin is still in $9k, from the price of $3900 before when the pandemic is still existing it goes up to $6k and it pumped up to $10k when bitcoin halving started, honestly I disappoint to the price of the bitcoin when bitcoin halving happens because I really thought that it will go up to $13k and it will give me large profit. I invested when the price of the bitcoin is almost $8.8k and it doesn't give me much profit when $10k happened. I am still hoping that bitcoin could reach higher within this year. We are not almost done and everything can still happen.

There are a lot of speculations and high expectations before the halving happened where many investors and traders are really disappointed because of it but it is their own fault because they expect too much and for me it is really impossible to happen. The price is doing sideways for months if this will last long, it can be a good sign because the longer the consolidation; the stronger the rally.