GreatArkansas (OP)
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What do you think? In which phase are we now? Phase 2? or already in Phase 4? For some out there that don't know what Altseason is. Altseason is when the altcoins are leading the market, pumps everywhere, and the Bitcoin dominance keeps falling. If you already in cryptocurrency around 2017 - 2018, there was an alt season that happened in 2018 after Bitcoin topped in December 2017. I remember before, even how shitcoins the alt is, it is still pumping and after that, most of those alts are dumped too hard, like almost 50%-90% losses.
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OcTradism
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May 06, 2021, 02:24:31 AM |
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The altcoin market is in phase 2. It is difficult to conclude that it has been in early, middle or end of phase 2 but is in Phase 2 certainly. Ethereum broke yearly resistance and caught capital on the market. That coin has slowly climbed up in USDT value and in the past few weeks, it began to climb in BTC value.
The strong performance from Ethereum will make altcoin lovers get hyped. I don't know whether people see this restructures of capital on market but the capital has been switching from Bitcoin to Ethereum. Now, they are concentrated on large cap altcoins.
I am thinking that altcoin market is in the transitional time between end of Phase 2 and beginning of Phase 3. From Phase 3 to Phase 4, the altcoin market will be crazy and in Phase 4, shit altcoins will be pumped for no reasons. Pumps and dumps by tweets or AMAs from money-motivating influencers, KOLs.
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Raytheon
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May 06, 2021, 02:44:24 AM |
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I am thinking that altcoin market is in the transitional time between end of Phase 2 and beginning of Phase 3.
Quite agree with this. First, it was Ethereum, then Doge. Yesterday, it was Chainlink and EOS. I lean more on phase 3 but clearly Ethereum isn't really cooled down. I think phase 4 will come soon, maybe just a few days ahead. The smaller the marketcap is, the easier it is for a coin to pump. Only a good piece of news relating to a nice partnership can trigger a 20-30% pump.
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OcTradism
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May 06, 2021, 03:54:59 AM |
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Quite agree with this. First, it was Ethereum, then Doge. Yesterday, it was Chainlink and EOS. I lean more on phase 3 but clearly Ethereum isn't really cooled down. I think phase 4 will come soon, maybe just a few days ahead. The smaller the marketcap is, the easier it is for a coin to pump. Only a good piece of news relating to a nice partnership can trigger a 20-30% pump.
Large cap altcoins will have more stable and organic growths. Pumps and dumps are general price manipulation in altcoin market. Small cap altcoins will have less stable and un-organic growths. They can be pumped like they have rocket boosters but price will fall back quickly. Pumps can be test pumps from pump signal groups and test pumps will occur in Lightning speed. In phase 4, price of shit coin will be pumped x, not %.
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sulis sudibyo
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May 06, 2021, 04:01:53 AM |
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I think now that we are in phase 4, the altcoin season has started before we even know it. which is my question, how long the altcoin season will run. will this last very long, or will there be a big bubble burst soon?. I'm still thinking hard about this. I don't want past events to happen again. that's why I have to know when I'm out, before it's too late.
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Natsuu
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May 06, 2021, 04:06:09 AM |
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We are in phase 3, as there are people believing in phase 2 and phase 4, so it is logical that we are indeed in phase 3.
The ETH is starting to get back in its shoe, and altcoins are coming up one by one, so it might be also the start of altcoin season (Phase 4)
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OcTradism
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May 07, 2021, 01:16:34 AM |
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We are in phase 3, as there are people believing in phase 2 and phase 4, so it is logical that we are indeed in phase 3.
Just in transitional phase (late of phase 2 and beginning of phase 3). It is not an important matter to know the market is officially in phase 3 or just late of phase 2. The importance is knowing that altcoin season is here and has been going further. It has yet ended and won't end soon. The ETH is starting to get back in its shoe, and altcoins are coming up one by one, so it might be also the start of altcoin season (Phase 4)
Altcoin season began months ago, not yesterday not today. Basically, any season, bull or bear, of the market usually will start in doubt of the crowd. They (market participants) always doubt that will the market become bullish or bearish? When they ask such questions and in serious doubts, the market already jumps into a new season.
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Sparrow96
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May 07, 2021, 04:00:08 AM |
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I think we are already in Phase 4. All alt already pumped. Even shitcoins pumping. BTC Dominance already at 45.58%. I think now it's time to conclude the Altseason. It's time for a rapid dump.
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cryptoaddictchie
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May 07, 2021, 04:27:20 AM |
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We are in phase 3, as there are people believing in phase 2 and phase 4, so it is logical that we are indeed in phase 3.
The ETH is starting to get back in its shoe, and altcoins are coming up one by one, so it might be also the start of altcoin season (Phase 4)
Large caps means majority of blue chips. I guess we're still at phase 2. Eth still on the path of new price discovery and obviously beating btc soon. When thus happened you surely feel that large caps will move fast like those are belong on the top 5 to 20 projects. Their marketcap can be 5 to 10x and eventually small micro projects will follow.
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pakhitheboss
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May 07, 2021, 04:34:10 AM |
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I think we are already in Phase 4. All alt already pumped. Even shitcoins pumping. BTC Dominance already at 45.58%. I think now it's time to conclude the Altseason. It's time for a rapid dump.
We are not in Phase 4, we are either in Phase 2 or we are transitioning to Phase3. I feel we have not yet entirely reached Phase 3 as Ethereum should anytime now start to outperform Bitcoin. It is a complicated situation at the moment, large-cap is not yet parabolic.The only unique thing about this alt season is that shit coins are outperforming everyone's expectation.
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Psynthax
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May 07, 2021, 04:55:04 AM |
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Personally I think we're still at around phase 2 and phase 3 gonna happen when there's EIP1559 at around july. Most of the capital more specifically from institutional ones still going to btc and the rest of the capital which amounts to small portion of the overall investment are going to altcoin. Now the media also slowly started hyping up altcoin.
Maybe some of us think due to recent ethereum performance which surprisingly able to keep up its bullrun despite market correction thats happening in bitcoin as phase 3 but remember that we're just at the beginning when it comes to ethereum, the real deal gonna come in few months
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Bttzed03
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May 07, 2021, 06:01:33 AM |
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I've seen that maybe two months ago during phase 1 overlap. Secrets himself/herself said that we are on phase 2-3 overlap with phase 3 getting closer and closer. Here's another article that discusses the flow of money from Fiat to Btc to Alts - Crypto Money Flow Cycle^ It's a bit lengthy but it's worth a read. It was written last year and they probably did not take into account the WSB plays on coins like Doge and recent pump on Ethereum Classic.
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OcTradism
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May 07, 2021, 09:16:16 AM |
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I've seen that maybe two months ago during phase 1 overlap. Secrets himself/herself said that we are on phase 2-3 overlap with phase 3 getting closer and closer. Here's another article that discusses the flow of money from Fiat to Btc to Alts - Crypto Money Flow Cycle^ It's a bit lengthy but it's worth a read. It was written last year and they probably did not take into account the WSB plays on coins like Doge and recent pump on Ethereum Classic. One month ago, there were pumps of small cap and very tiny shit coins. They will be back at the end of altcoin season, phase 4. Those shit coins are easy to pump and dump but if you buy them at wrong time, you will have to wait very long to exit. Patience again will bring your price to exit, take draw or have very big profit. If you don't have patience, don't choose tiny and small cap altcoins. They have very low volume and it is difficulty to accumulate or exit. With tiny and small cap altcoins, invest with very few capital you have, not all.
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Jating
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May 07, 2021, 12:15:28 PM |
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We haven't seen shitcoins going to the moon yet, specially new ones, so I would say that we are still in Phase 2 of the altcoin season.
For me the final phase will be those shitcoins suddenly gets pump to who knows what price, in short there's no more control on the altcoin market. What I mean is that anyone can create a new shitcoin, market it in social media, then boom, skyrocketed to the moon.
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Natalim
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May 07, 2021, 12:25:36 PM |
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I think we are not yet in phase 4. We should see shitcoins already pumped when that stage comes, but I doubt we will ever see that as the ICO craze is gone, investors would prefer to trade on an exchange with good volume, that's why low cap altcoins will never have a chance in this bullish run.
We are in the utimate stage already, we should not expect a new stage and from here, we should be careful as the market is now heavily pumped, expect the opposite side also which we called the correction.
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Nivia1st
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May 07, 2021, 03:21:43 PM |
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I am thinking that altcoin market is in the transitional time between end of Phase 2 and beginning of Phase 3.
Quite agree with this. First, it was Ethereum, then Doge. Yesterday, it was Chainlink and EOS. I lean more on phase 3 but clearly Ethereum isn't really cooled down. I think phase 4 will come soon, maybe just a few days ahead. The smaller the marketcap is, the easier it is for a coin to pump. Only a good piece of news relating to a nice partnership can trigger a 20-30% pump. I think we have passed phase 2 and 3 and have entered phase 4. Now that the altcoin season has started, I am very sure. looking at the market today has proven that. rising altcoins are not only big altcoins. almost all altcoins are taking part in the rally and that is what makes me sure.
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Koro-Sensei
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May 07, 2021, 04:06:39 PM |
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Clearly we are in Phase 2 as ETH is outperforming BTC. Altcoin season isn't started yet I believe specially that BTC isn't in its lowest peak. Many factors are affecting the stable price of BTC in 55K+ but it will surpass its support price soon enough. I also believe that its coming near and Alts are next.
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aysg76
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May 07, 2021, 04:19:43 PM |
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We are actually dealing in phase 2 at this time because market is witnessing ETH growth at this time as it touched it's ATH of $3500 outperforming Bitcoin in performance after Dogecoin.Bitcoin has traditionally grown 10-12% on average but Ethereum and Dogecoin have witnessed huge price gains with 300-400% rise.But at this time ETC is making all the news on all Exchanges as it is already trading at $128 on CoinMarketCap.After eth growth the prices for Ethereum Classic (ETC) have shown huge price surges.This is growth chart for ETC and you can.see how much jump it has made. It was trading at $44 on 2nd May and now it is at$128 within 5 days period so just imagine the returns for ETC holders at this time.We are definitely in phase 2 and ready to enter 3rd phase which will push huge funds in market in other coins following btc and ETH rally.Just invest and be smart to gain profits in the long run.
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Stanlo
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May 07, 2021, 06:08:29 PM |
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Someone correct me if I'm wrong, what if bear e never come again? It seems there are millions of investors out there waiting for any price dips on crypto projects don't you think? Maybe crypto have leave that stage of deep bearish market?
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viananda2525
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May 07, 2021, 06:16:46 PM |
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Someone correct me if I'm wrong, what if bear e never come again? It seems there are millions of investors out there waiting for any price dips on crypto projects don't you think? Maybe crypto have leave that stage of deep bearish market?
bear will always occur in market, i am identify bear into two form. first micro bear which is price correction in small time frame below daily time frame. did we never this price correction ? ofcourse not, we see this everytime. and second macro correction that happen on above daily TF. so your opnion about bear should corrected now.
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