Bitcoin, altcoin season index

[tranthidung]

Bitcoin has it big impacts on altcoins but the truth is many crypto investors allocate main of their capital for altcoins. Experienced and successful investors do oppositely, invest in bitcoin for most of their capital.

There is a website that gives quick views (with chart and some details) on bitcoin and altcoin season.

• Where? Blockchaincenter.net
• Information
  
  • Altcoin season
  • Altcoin month
  • Altcoin year
  • List (in grid) of altcoins perform better or worse than bitcoin

It is for reference and only give you quick overview. It is funny for the part 'Altcoin year'. I have never thought there is a year in which bitcoin performs worse than altcoins. It would be especially true if the index is calculated from top 100 altcoins, not a single altcoin.

Ideas for developers?

• It can be expanded to a few sub-categories in crypto market. More expanded seasons as DeFi season (LOL, I did not think there will be many DeFi shit tokens can last long)

[1714167941]

1714167941

[DdmrDdmr]

It’s entertaining to see from a curiosity point of view. Since many altcoins are easy to move into the "better than bitcoin" category with a bit of engineering, doing so over a wider array of altcoins simultaneously may not, thus the "seasons" are determined by a wide range of the top 50 coins comparted to bitcoin.

The 2 year chart view shows basically a couple of so called Altcoin seasons in 2017 (ICO hype), and a more recent one during august/September 2020, which seems to be DEFI hype driven.

[tranthidung]

It’s entertaining to see from a curiosity point of view.

Yes, it is entertaining, funny and for quick overview only.

Since many altcoins are easy to move into the "better than bitcoin" category with a bit of engineering, doing so over a wider array of altcoins simultaneously may not, thus the "seasons" are determined by a wide range of the top 50 coins comparted to bitcoin.

It is the point. The site does not take into consideration some characteristics of altcoins:

• Ages: it is very important and I'd like to have a chart for old altcoins, exclude all young altcoins as DeFi-tokens in 2020.
• Marketcap: altcoins should have average to big marketcap to be included. Low-cap altcoins mean nothing.

The 2 year chart view shows basically a couple of so called Altcoin seasons in 2017 (ICO hype), and a more recent one during august/September 2020, which seems to be DEFI hype driven.

I am waiting to see how old altcoins will break out and create a new season for altcoins in 2021. It will be a real altcoin season when old, big altcoins rock.

In the opposite approach, it is interesting if someone can develop a prospective follow-up charts for DeFi tokens. It will record how they reached all time high (in prices, marketcaps, total locked value) and how they tails off (die) over time.

[paxmao]

The 2 year chart view shows basically a couple of so called Altcoin seasons in 2017 (ICO hype), and a more recent one during august/September 2020, which seems to be DEFI hype driven.

IMHO token or alts will be back when rules of issuance and legal frameworks are set. I seem to have read that the electronic issuance of stocks is going to be allowed?

However, if this happens is not going to look like the ICO fever of 2016 - 2018

[hatshepsut93]

IMHO token or alts will be back when rules of issuance and legal frameworks are set. I seem to have read that the electronic issuance of stocks is going to be allowed?

However, if this happens is not going to look like the ICO fever of 2016 - 2018

As I understand, the SEC didn't go after ICOs because they are inherently illegal, they went after them because they were unregistered securities. There were ICOs that fully complied with regulations. It's still not enough for ICO hype 2.0, because scams were only half of the problem - the other half is extremely low success of ICO projects in terms of actual results. At least penny stocks and startups have a chance to become an established company and a leader in its own innovative field - ICOs just create platforms that no one uses.

[FaucetKING]

Such a nice tool but do you really know from where they do take these infos? Their API is directly connected with exchangers or CMC?
It's helpful but i need an insurance first, the graphs and the % of the BTC dominance is enough for me to judge if it's the btc or the alts season, just curious to know more about their code.

[figmentofmyass]

this is great---very useful tool for anyone trying to stack sats in the altcoin market, which is all about timing.

i'd love to see a bit more granularity, eg "is it an altcoin week"? when alt season kicks in, it happens fast. i reckon 30-day/90-day averages might lag.

[pooya87]

many crypto investors allocate main of their capital for altcoins.

I wouldn't call them "investors", they are either gullible gambler or day traders that are increasing their bitcoin capital by going into altcoin trading.

The thing about altcoin market, even the scammiest tokens, is that they can be super profitable ONLY if you know how to ride the pumping tide AND know when to get out before the unavoidable dump begins AND are willing to take huge risks getting involved in a super manipulated market.
Otherwise looking at altcoins as "investment" will always end in loss.

[tranthidung]

IMHO token or alts will be back when rules of issuance and legal frameworks are set. I seem to have read that the electronic issuance of stocks is going to be allowed?

However, if this happens is not going to look like the ICO fever of 2016 - 2018

Scammers try to adapt to changes of crypto market and change their technical terms to scam people. They will return with other hypes obviously.

• ICO -- IEO
• Stake/ masternode coin -- DeFi tokens, yield, farm.

As I understand, the SEC didn't go after ICOs because they are inherently illegal, they went after them because they were unregistered securities.

They are rule-makers and rules will be changed by them. I feel SEC want to concentrate on parent cryptocurrencies first as they can break down derivatives or parasites on parent blockchains. If they break Ethereum (with any lawsuit), ERC20-tokens will be killed.

Such a nice tool but do you really know from where they do take these infos? Their API is directly connected with exchangers or CMC?

I did not look at it thoroughly.

It's helpful but i need an insurance first, the graphs and the % of the BTC dominance is enough for me to judge if it's the btc or the alts season

Dominaces are biased with DeFi tokens so that these indicators don't give you good assessment nowadays.

this is great---very useful tool for anyone trying to stack sats in the altcoin market, which is all about timing.

i'd love to see a bit more granularity, eg "is it an altcoin week"? when alt season kicks in, it happens fast. i reckon 30-day/90-day averages might lag.

It is possible, technically. Depends on input parameters, and your variable definitions, you can analyse it. I might (or might not) spend my time for such big analysis.

I wouldn't call them "investors", they are either gullible gambler or day traders that are increasing their bitcoin capital by going into altcoin trading.

The thing about altcoin market, even the scammiest tokens, is that they can be super profitable ONLY if you know how to ride the pumping tide AND know when to get out before the unavoidable dump begins AND are willing to take huge risks getting involved in a super manipulated market.
Otherwise looking at altcoins as "investment" will always end in loss.

I thank you for your correction and your opinion is what I implied but your clarification makes it clearer. Lots of conditions for altcoin trades

[Brindez_kromo]

very helpful,,, even in my opinion if looking at the top 10 altcoins they are much better than the bitcoin.System management and project development that continues to be made get breakthroughs for progress
I agree with choosing altcoins as an option, but their price also depends on the movement of bitcoin itself

[traderethereum]

Thank you for the website.
At least, that can help us to analyze more to find the right coin to buy, and hopefully, we can guess with right of that coin.
So from that website, it seems, the altcoin season still not coming to us, and it could still too far to come, and we need to be more patient.
The altcoin list on that site can be a guide to analyze one by one, so I am sure that we can find one or two coins that have the possibility to increase again.
Ethereum still has the biggest chance to rise, so I stick on the ethereum as the next coins besides bitcoin.

[tranthidung]

Three weeks and altcoins have gone through their good adventure, with a rise of altcoin index from 18 to about 50 (today, I visited that site 2 times and the index fluctuates from 47 to 49).

I expect that when the index breaks through 75 points, the FOMO wave on altcoins will happen.

With altcoins, the best method is being speculators or traders. I am not a fan of altcoin as investor.

in my opinion if looking at the top 10 altcoins they are much better than the bitcoin. System management and project development that continues to be made get breakthroughs for progress

Better than bitcoin, I disagree with you on this. Altcoins are copy cats and they usually rise in a trend: ICOs, IEOs, privacy coins, hard-forks, lightning network, DeFi.

I agree with choosing altcoins as an option, but their price also depends on the movement of bitcoin itself

Bitcoin movements can have effects on altcoins but when altcoins have their seasons, it mostly come from their internal trends (said above) but still need a mandatory stable price from bitcoin.

Thank you for the website.
At least, that can help us to analyze more to find the right coin to buy, and hopefully, we can guess with right of that coin.

It is not. In fact, it gives you an overview on the common trend on the market and the concentration of capital that is spent on bitcoin or altcoins.

So from that website, it seems, the altcoin season still not coming to us, and it could still too far to come, and we need to be more patient.

Buy at the bottom range is better. Today, the altcoin season is clearer when their index has risen significantly and they have been warming up a lot. In contrast, bitcoin is cooling down and together they might trigger a real altcoin season.

Anyway, with any party, you don't get profit if you over-hesitate and join the party too late.

[masulum]

With altcoins, the best method is being speculators or traders. I am not a fan of altcoin as investor.

That's right, this month's altcoin journey has been incredible. Many trader get huge profits from the current state of the altcoin market. As Bitcoin is still on the sideway with 30,000 - 40,000 range, Altcoins are considered to be the solution for some people to double Bitcoin by choosing an altcoin / BTC pair. If you look at what happened to ETH, BAL, UNI, HEDGE and so on, in the last 3 weeks they have increased by more than 30% and are competing to create new ATH. Of course this condition also increased a pump & dump market.

[tranthidung]

That's right, this month's altcoin journey has been incredible. Many trader get huge profits from the current state of the altcoin market.

Earn profits is difficult but keep your profits safely is more challening. In the bull market, many are genius in their own thoughts but when the market flips to serious corrections or worse the bear market, they will lose all they earn and maybe lose initial capital too.

As Bitcoin is still on the sideway with 30,000 - 40,000 range, Altcoins are considered to be the solution for some people to double Bitcoin by choosing an altcoin / BTC pair. If you look at what happened to ETH, BAL, UNI, HEDGE and so on, in the last 3 weeks they have increased by more than 30% and are competing to create new ATH. Of course this condition also increased a pump & dump market.

Good traders can get more than 30% profit by buying at dips and take profits with a few rounds.
A warning: Don't chase the market, bull or bear, don't chase it. I learned it from my experience with the market, frankly.

[Luzin]

Bitcoin has it big impacts on altcoins but the truth is many crypto investors allocate main of their capital for altcoins. Experienced and successful investors do oppositely, invest in bitcoin for most of their capital.

You are right that is what caused bitcoin to go up so high while some altcoin legends seem to die. I wonder why only the top 100 coins are the benchmark? Is there a possibility that the altcoin season will repeat 2017? For all coins it seems impossible, but I really hope it happens.

If you look at what happened to ETH, BAL, UNI, HEDGE and so on, in the last 3 weeks they have increased by more than 30% and are competing to create new ATH. Of course this condition also increased a pump & dump market.

Yes, they seem to follow their mother. ETH from the lowest price after 2017 reached an increase of almost 12 times. I remember he was at the price of 83 $ in 2018. I wonder if the price of other old Altcoins can still survive, such as DGB, LBC, Stratis, and others.

[masulum]

@luzin it will depends on their real use case, of course some project not needed it because just for fun or joke like $MEME but, DGB stratis and other have a plans for usable coins not for just a joke, maybe this will stopping them pumping like 2017. the current alts price just following BTC prices not in pair, most of them not even double in BTC, ETH 2017 hit 0.1BTC/ETH in current market it still far away.

[tranthidung]

I wonder why only the top 100 coins are the benchmark? Is there a possibility that the altcoin season will repeat 2017? For all coins it seems impossible, but I really hope it happens.

It does not make sense to include all altcoins on the market as the lower ranks, the lower marketcap and lower daily trading volume on the market. The top 100 altcoins are big enough to represent the altcoin space.

I don't think the 2017 altcoin season will be repeated exactly the same way. If you or else hold shit coins and now hope they will take the 2021 altcoin season to come back, flight to the moon, touch their 2017 or 2018 all time high (in BTC), please forget it. They are dead coins and rallies if happen will occur in USDT pairs, not BTC pairs.

The 2021 season will be mostly for new altcoins with convincing usecases. The time for altcoins to easily hype investors with promises, roadmap might be gone. Fortunately, such seasons will be repeated somewhat extent as the market always have new generations join. They are fresh meats for whales, sharks, and scammers.

Yes, they seem to follow their mother. ETH from the lowest price after 2017 reached an increase of almost 12 times. I remember he was at the price of 83 $ in 2018. I wonder if the price of other old Altcoins can still survive, such as DGB, LBC, Stratis, and others.

Welcome Ethereum to its new all time high today but yeah as being said, it is new all time high in USDT, not BTC pair for Ethereum.

[pooya87]

The 2021 season will be mostly for new altcoins with convincing usecases. The time for altcoins to easily hype investors with promises, roadmap might be gone. Fortunately, such seasons will be repeated somewhat extent as the market always have new generations join. They are fresh meats for whales, sharks, and scammers.

I really doubt it. There is nothing changed about the market and the market participants to suggest they would start looking for real altcoins with real use cases. They are the same traders, or better said gamblers, looking for quick pump and dumps to make a lot of profit by making bets on random shitcoins.
Keep in mind that 2017 shitcoin pumping season was not the first time it happened, each "season" may get bigger but the principle is the same. They create a lot of useless garbage, they pump those and the old existing garbage and others participate hoping to make profit.

[Bttzed03]

Before, we'd just look at the bitcoin market dominance to determine whether it's alt season or not. I've read many people say 40% or less means it's alts season already. It would be interesting to know if that happens but only 50% of the top 50 coins outperformed BTC in 90 days. Not meeting the criteria set on the website.

[tranthidung]

The 2021 season will be mostly for new altcoins with convincing usecases. The time for altcoins to easily hype investors with promises, roadmap might be gone. Fortunately, such seasons will be repeated somewhat extent as the market always have new generations join. They are fresh meats for whales, sharks, and scammers.

I really doubt it. There is nothing changed about the market and the market participants to suggest they would start looking for real altcoins with real use cases. They are the same traders, or better said gamblers, looking for quick pump and dumps to make a lot of profit by making bets on random shitcoins.
Keep in mind that 2017 shitcoin pumping season was not the first time it happened, each "season" may get bigger but the principle is the same. They create a lot of useless garbage, they pump those and the old existing garbage and others participate hoping to make profit.

You are correct. I said that such crazy altcoin season needs to have a new wave of fresh meat that is probably what the market has now and in near future. However, bigger or smaller, it will depends on how bigger or smaller the wave of capital from fresh meat. With bigger adoption and supports from media platforms, new waves to cryptocurrency might be much bigger than past waves which can help whales/ sharks/ scam developers.

However, the old shit altcoins will struggle to recover, and scam investors again. Some might get success but most won't. Investors (fresh meat) will mainly be scammed by newborn projects.

By the way, scammers of old projects that was in hypernation for months, years but now return to revise their projects. Methods can be swap: swap from old shit chain to a new shit chain. I was scammed by such in the past (I did not have much experience). In 2020, I saw some old altcoin projects announce their swap to DeFi tokens. I am sure that next 4 or 5 years they will swap to ShitFi or other else.

Before, we'd just look at the bitcoin market dominance to determine whether it's alt season or not. I've read many people say 40% or less means it's alts season already. It would be interesting to know if that happens but only 50% of the top 50 coins outperformed BTC in 90 days. Not meeting the criteria set on the website.

Bitcoin dominance is biased and distorted a lot by total marketcap from DeFi tokens and non-DeFi altcoins. You can use dominance with such caution.

I wish in the future, some developers will code and release dominance indicators for altcoins with different age groups: <6 months, 6 months - <1 year, 1 - 3 year, 4+ year.