When Alt Season Thread

[litepool.ru]

there is no more altseason like 2017 buddy, or maybe I think this time it happens a different way, because when btc goes from 19k to 35k i don't see all altcoins following btc price. but only a few and because there is good news from the project not because of Fomo BTC

In my opinion it did but not as big as before, obviously the late 2020 period we see the mass growth of altcoins and now I think it is coming again, maybe i think that there will be more waves of altcoins but will go with the price of bitcoin.

[Hovarda]

This will not happen if everyone waits for the altcoin season. If more fear than bull anticipation begins to dominate the market, the altseason will begin.

[tokeweed]

I think it’s starting guys...  Alts up by a lot vs USD and trending vs BTC.  Here’s the thing tho...  Most alts price rises are usually short lived.  Good luck on your picks.



^  Rofl.  Red ballz.

[el kaka22]

^^Starting? I mean ethereum went up about 10 times in the past 1 year, what do you really want from an alt season? I get that some people want alt season and I like that too, but how do you consider 10x increase NOT alt season? All crypto currencies went up in the past 1 year, I love the return on investment I had so far and if it stops and drops right now, I would consider this last 1 year as the greatest year I had in all of crypto and I have been around longer than most people.

I would love to suggest you to take a look at any coin you want on coinmarketcap, open it up, check 1 year ago price and today's price and see what the situation is like, more often than not, except for a few rare ones, all coins have done AT LEAST 5x return this year. This is why I believe alt season has already started, and it is probably going to end soon, you reached the end, not the start.

[qwizzie]

I think a lot of Altcoins eventhough increasingly profiting from the Bitcoin price rise are still severly surpressed against btc value. They are basically at the bottom there and i do not see Altcoin Season happening, untill this starts changing for most of these Altcoins. In order to get this change to occur, i think Bitcoin price need to have a considerable correction (blow-off top, followed by a long period of finding the bottom, reconfirming the bottom, stabilizing its price). I think this correction will only occur, when Bitcoin reach a higher RSI on the monthly charts, higher then its current RSI 86.26

I suspect RSI to grow max 10 percentage points (86-96), before that Bitcoin price correction / price blow-off top starts materializing on the monthly chart.


Source : tradingview.com

I think that will start a diversification process from Bitcoin whales towards Altcoins, ultimately triggering an Altcoin Season. Current RSI of Bitcoin price is close to previous large corrections,
but is not there yet. The higher that RSI gets, the higher the risk of a severe correction occurring. Always remember with every pump comes a dump and the higher the pump, the higher the dump.
Just looking at the % Down from ATH, for most Altcoins there is still immense potential for explosive price growth :


Source : messari.io

[Reatim]

I think it’s starting guys...  Alts up by a lot vs USD and trending vs BTC.  Here’s the thing tho...  Most alts price rises are usually short lived.  Good luck on your picks.



^  Rofl.  Red ballz.

Well Even XRP is Rising now does this mean Altcoin season is coming or starting ? 

No kidding , Litecoin and Ethereum is Leading the Altcoin crusade to take that Season again , while Bitcoin is strongly dominating the market up to now.

The last altcoin season take Place because Bitcoin starts falling but the scenario now are far different from that .

So before the Altcoin finally had it's season is the Institutional investors and big companies invest on them as well .

[ethereumhunter]

I think it’s starting guys...  Alts up by a lot vs USD and trending vs BTC.  Here’s the thing tho...  Most alts price rises are usually short lived.  Good luck on your picks.

I think it is not starting already, but ethereum show the power to increase and hit up to $1,000. It is a good sign for the other altcoin to growing as what ethereum did. We can hope that the altcoin season will start in the next week, so we will see what coins that can follow ethereum to increase to the high price. Watch your altcoins guys, hopefully, your coins can be the next coins that can increase.

[tokeweed]

^^Starting? I mean ethereum went up about 10 times in the past 1 year, what do you really want from an alt season? I get that some people want alt season and I like that too, but how do you consider 10x increase NOT alt season? All crypto currencies went up in the past 1 year, I love the return on investment I had so far and if it stops and drops right now, I would consider this last 1 year as the greatest year I had in all of crypto and I have been around longer than most people.

I would love to suggest you to take a look at any coin you want on coinmarketcap, open it up, check 1 year ago price and today's price and see what the situation is like, more often than not, except for a few rare ones, all coins have done AT LEAST 5x return this year. This is why I believe alt season has already started, and it is probably going to end soon, you reached the end, not the start.

Check out qwizzie’s posts itt.  Alt season starts when altcoins outperform BTC at the market.  We are currently seeing a BTC dominated market when holding BTC is much better than holding alts cos you gain more buying power.  The reverse is true during alt season cos your alts could gain you more value in BTC.

https://www.blockchaincenter.net/altcoin-season-index/

^  Good to check and look at from time to time...  Thanks qwizzie.

[DGBfanster]

It starts in March, after BTC 30~50% dump.

[Dart18]

No such thing. 
I already trashed my alts that are pure garbage.

Yeah, maybe we will die from expectations. I would rather buy the expensive ones that have a chance to increase in value.
BNB maybe or LTC. I can't afford BTC and ETH anymore.

[carlisle1]

Maybe it hasn't started for the altseason for this year, but it's certain that the day will come. I prefer to focus on adding to the altcoins I currently stock in my portfolio. So I didn't have to pay attention to it all and when the altseason came I was ready.

wanna share which altcoins are those now in your Portfolio ? maybe sharing here won't cost you something ?
or you have no really invested and just Lurking around here .

It starts in March, after BTC 30~50% dump.

So 30-50% dump from Bitcoin price ? Please share your Magic Ball for more compliance .

No such thing. 
I already trashed my alts that are pure garbage.

Yeah, maybe we will die from expectations. I would rather buy the expensive ones that have a chance to increase in value.
BNB maybe or LTC. I can't afford BTC and ETH anymore.

Litecoin seems to be Cheaper but promising this year , i would certainly agree with this.

[hatshepsut93]

I don't think that the recent ETH pump is a sign of a coming altcoin season. Institutional investors could be interested in Ethereum, but I just don't see how they can be interested in shitcoins like bcash, bsv, any of those supposed "Ethereum killers", or some obscure coins. And retail investors are just following institutional investors right now. There's no "blockchain technology" hype this time, there is only Bitcoin the hedge against inflation hype.

[btc78]

No such thing. 
I already trashed my alts that are pure garbage.

I still have mine because they are not a disturb in my folio so i will just let them seat for a while , and besides My profit from the Bull market is more than enough to cover their presence .

Yeah, maybe we will die from expectations. I would rather buy the expensive ones that have a chance to increase in value.
BNB maybe or LTC. I can't afford BTC and ETH anymore.

No matter how Expensive Ethereum is but still i will Invest more when the price drops down below 1k again , hopefully it will happen soon before Bitcoin fly high to 50,000.

It starts in March, after BTC 30~50% dump.

How i Wish it will come that time , and Hope you'll prediction is correct.

[longyenthanh]

I'm afraid altseason can only come if the Bitcoin price stabilizes without a huge correction and panic sell after the bubble bursts.
Right now, everyone is watching Bitcoin's price rise. When it starts to fall strong, everyone will flee the market and the alts will start falling as well. Only if the correction gonna be small and the Bitcoin price stabilizes, people will start looking for a Bitcoin follower among the alts.

[leea-1334]

I think it’s starting guys...  Alts up by a lot vs USD and trending vs BTC.  Here’s the thing tho...  Most alts price rises are usually short lived.  Good luck on your picks.

Yes,,, as soon as ETH reached $1000 again you can say altseason already started. As usual, thanks to Bitcoin which is now about $700B in total market cap. The 1 Trillion including alts will for sure make all of alts rally now, even XRP is going crazy with all the hype.

As you say, short lived only though. Make the best of it.

[bttmember]

For the lulz.

It is really getting disappointing for longterm altcoin holders because their hopes and expectattions are still not met even after years of wait but personally i am hopeful that the real altseason will be here around march-april this year.

[posi]

For the lulz.

It is really getting disappointing for longterm altcoin holders because their hopes and expectattions are still not met even after years of wait but personally i am hopeful that the real altseason will be here around march-april this year.

On the contrary, the market is not disappointing if the altcoin longterm holder don't invest when the market was at its last ATH price and after doing some research about the altcoin market I see that some altcoin has already made another new ATH which is quite not disappointing but I think we are too haste for the altcoin market to shoot up with BTC while the major investors (institutions) only focus on BTC market.

[DGBfanster]

So 30-50% dump from Bitcoin price ? Please share your Magic Ball for more compliance .

Look 2017 BTC charts, BTC dominance charts, Altcoin charts in the same period.

2017 had 2 BTC drops before altseason:

1) 30% drop second week of January

2) 30% drop 3 first weeks of March

I don't even need to tell you what happened after that.

[el kaka22]

Check out qwizzie’s posts itt.  Alt season starts when altcoins outperform BTC at the market.  We are currently seeing a BTC dominated market when holding BTC is much better than holding alts cos you gain more buying power.  The reverse is true during alt season cos your alts could gain you more value in BTC.

https://www.blockchaincenter.net/altcoin-season-index/

^  Good to check and look at from time to time...  Thanks qwizzie.

I do not get it, if you are making more profit holding ETH (which you do) isn't that suppose to be something better. I mean if you increase the price of bitcoin 10% that would be 80 more billion dollars, whereas if you increased the ETH price which is second biggest, by 50% that would be only 70 billion dollars, so there is a big difference between capacity and doesnt mean that alts are not profitable to hold. Let me explain it this way, you think holding btc is better? By the start of the year bitcoin price was 7k in 2020, right now a bit over a year later, we are at 40k, how much increase is that? 5.7 times the increase right? That is a very good return.

However ETH was 135 dollars by the start of 2020, and right now it is 1250 dollars that is a 9.2 increase in just over a year. So, if you think alts do not profit you more than holding bitcoin, you haven't checked the prices.

[tokeweed]

^  It’s all about if it’s alt season or not and not making more profit in an alt per individual basis.  Check the site out and you’ll get it.  And I mean you’ve been here for almost as long as me so you prolly already know this.  But yeah I get it..  There are some alts you could profit more even if it’s BTC season.