We are in a Bitcoin Rally, not an Altcoin Rally

[romero121]

The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins. If we're in bitcoin rally then based on the predictions from experts we should've crossed the $15000 price barrier. Over the months there is steep growth with very limited altcoins. Apart from those altcoins few new cryptocurrencies have experienced growth, but doesn't have good volume to support trading.

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[Lucius]

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.

The very essence of this article is in the disappointment that halving did not produce a new big pump, and several weeks have passed. And now many are wondering how this is possible, shouldn't we have already approached at least $20 000, haven't they sold us the story of a magical event that will launch BTC to the Moon? So much disappointment in so much misunderstanding and ignorance, which just shows that a good portion of those who have invested in BTC are actually just tapping in the dark.

For all those who live in the belief that everything started in 2017, let them go back to the beginning in 2009, so they may find that things today do not look bad at all if we take into account everything that is happening at the moment. If you are bored go hunt pokemons or something similar

[btc_angela]

No, looks more like an altcoin rally when Bitcoin isn't doing anything. After that, we might see bitcoin move up or down. Either way, alts will be slayed and after Bitcoin rallies, we will get altcoins rallying as well.

Altcoin is really making some good gains lately as most of the coins are increasing and it even reduces bitcoin dominance although it is still as high as 60%. And for several weeks now, bitcoin's price is somewhat around $9K-$9200 levels. So there is no rally at all at the same time the price is very stable. Others say this is the calm before the storm, but it is going to be a waiting game as to when this storm are going to come.

[20kevin20]

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.

I guess you could also call these sucker rallies:

A Sucker's Rally is temporary price rise in an individual stock or the market at large.  This rise will continue just long enough for "suckers" to jump on board, and soon after the stock or market declines (or falls sharply).

Most altcoins have been this way because time has proven how useless they are. No matter how much one team was able to update & improve an alt, Bitcoin always came back with a big counterpunch. I am still holding some alts myself, but while I use my Bitcoin wallets quite often, I haven't opened the wallets of my alts in years. Anything you do basically sends you back to the king

[tippytoes]

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.

I guess you could also call these sucker rallies:

A Sucker's Rally is temporary price rise in an individual stock or the market at large.  This rise will continue just long enough for "suckers" to jump on board, and soon after the stock or market declines (or falls sharply).

Most altcoins have been this way because time has proven how useless they are. No matter how much one team was able to update & improve an alt, Bitcoin always came back with a big counterpunch. I am still holding some alts myself, but while I use my Bitcoin wallets quite often, I haven't opened the wallets of my alts in years. Anything you do basically sends you back to the king

That's right! Even if you have so many alts in your portfolio, you go back to btc because whenever you need your fiat, most local exchanges only have the btc to fiat conversion. Though local exchanges are now accepting other major alts like eth or xrp, yet, the most common crypto that every user is comfortable with is btc. And the truth about most alts is that very rare that you will encounter that has real use case in the market, most of them are keeping afloat because of those sucker's rally done by their respective devs.

[Shasha80]

I agree with the trading volume of Bitcoin that has not declined, and therefore the price of Bitcoin is very stable now.
Then for altcoins, don't just focus on the top 10, because today's investors are getting smarter with investing in altcoins
which is outside the top 100. So many altcoins have a small trading volume but can pump high, because of hype coins
the little one. And the profit generated is certainly very large. Especially the DeFi projects are very high in demand.

[Savemore]

I agree with the trading volume of Bitcoin that has not declined, and therefore the price of Bitcoin is very stable now.
Then for altcoins, don't just focus on the top 10, because today's investors are getting smarter with investing in altcoins
which is outside the top 100. So many altcoins have a small trading volume but can pump high, because of hype coins
the little one. And the profit generated is certainly very large. Especially the DeFi projects are very high in demand.

I think before you suggest it, you should first tell them the risks that they will be face if they will make investment on altcoins that are not belong to 100 top market capitalization. If we will buy altcoins outside of the market capitalization make sure that we have a high risks appetite because majority of them are so volatile where there are always price surge.

When it comes to the price of bitcoin, it is currently sideways and many swing traders are most likely taking advantage of the price of the bitcoin.

[Botnake]

There's no rally for bitcoin yet, bitcoin has been stable now after it failed many times to break the big resistance.
But of course, it may take time to successfully pump, but if you'll ask me, I would say I like where we are now, market is quite stable so bitcoin is having a good status so far this year despite of the pandemic. Altcoins run is not possible with bitcoin bull run, so it's safe to say that when there's a bitcoin rally, maybe or maybe not we can expect an altcoins rally.

[Sanugarid]

The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins.

Stabilization has no room for cryptocurrency market mate, you might see a long stagnant price but it is not considered stabilized. The rally you actually see is pretty natural for bitcoin, I mean this coin has been sitting on top and the speculation is happening every time so obviously price is going up and down every moment. But with altcoins? hmm there has been some interesting altcoins making a pump now in crypto market, makes me think of giving them a shot.

If we're in bitcoin rally then based on the predictions from experts we should've crossed the $15000 price barrier. Over the months there is steep growth with very limited altcoins. Apart from those altcoins few new cryptocurrencies have experienced growth, but doesn't have good volume to support trading.

Uncertainty, predictions are made with charts which is not likely to happen. How many self entitled crypto enthusiast has failed their prediction, yet here you are believing those readings to happen again.

[Fundamentals Of]

The current cryptocurrency market is just stabilizing, and there is no big rally with bitcoin as well as altcoins.

Stabilization has no room for cryptocurrency market mate, you might see a long stagnant price but it is not considered stabilized. The rally you actually see is pretty natural for bitcoin, I mean this coin has been sitting on top and the speculation is happening every time so obviously price is going up and down every moment. But with altcoins? hmm there has been some interesting altcoins making a pump now in crypto market, makes me think of giving them a shot.

He is probably referring to the relatively long stretch of days and weeks when the price of Bitcoin is not making big movements. Of course it remains unstable in the long run but the price in the past several days or few weeks are almost stagnant in between $9,000 and $10,000. The price remains somehow stable within that range.

[Benefactor]

It would not be a wise decision. If you have a very good knowledge of it then I would say no problem to do it. You should invest in a bitcoin exchange if you can afford it. However, I do not think there is any need to invest so much money here if you have a small amount of knowledge.

[mirakal]

Bitcoin rally seems not happening yet, not in the first half of the year, and I also don't think there's a big one in the 2nd half.

The market is stable, I am am just satisfied with that.

While we are still waiting for the world to fully recover again and would only be possible if the vaccine is available I believe the crypto space will never grow if the world is struggling, it's not what we like to see, we can hedge in crypto but would that guarantee a real growth? No, because most probably the market will be a pumped and dumped market again where investors with power will just manipulate it, what we need is real massive adoption and would only happen if the economy is good, not in times of panic.