Len Saldua (OP)
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May 20, 2022, 08:03:44 PM |
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For those who lived during the past bear market ( 2018 /2019 ):
Can AltCoins go against the larger trend and actually pump nicely during a bear market ? I know there was a bit of a pump in 2019, so I don't know.. but right now I'm seeing Gods Unchained, Ox and a few other coins pump even if Bitcoin's Market dominance is still well over 42 %. Lets not also forget the market is still in a downtrend headed for lower lows at the moment. So would there be any point in trying to FOMO into altcoins pumping ? I personally exited the market almost entirely, plan to re enter when Bitcoin hits 15K or even lower. Then again I've noticed some alts coming desperately close to the negative 98% mark... you have to wonder how much lower can they go
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blockman
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May 20, 2022, 08:25:08 PM |
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That has happened but it won't take that long, all of them will be stomped by bitcoin and will also be pulled together with the bear market. Bitcoin hitting $15k is unlikely, although there's its volatility but I don't think that it will be that low again. But if you're waiting for that price before buying then I'd say good luck to you. That price could be reached just because of any possibility but based on different all time lows, I don't really think it will.
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Len Saldua (OP)
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May 20, 2022, 08:36:33 PM |
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The HEX founder, Richard Heart thinks it could go as low as 12K. He claims he's made 2 successful predictions before. Not that I want to believe him, but his thesis basically is.. we always pull back 80 to 85% from the peak... which was 69K. This makes sense looking at past cycles, and let's face it, in the current economic climate... do you see Bitcoin bouncing back to 100K anytime soon ? But I could definitely see it going lower... and not only for a month or two... maybe for the next 12 to 18 months. It doesn't look like it could happen, until you realize you're already there... and it's too late to get out.
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bitbollo
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May 20, 2022, 08:42:57 PM |
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it may happen that certain altcoins at a particular moment of their development are able to perform better than bitcoin even in a bear market. however it is a rare event, and very often it happens with more or less unknown coins ... or with low capitalization ...
regarding the prediction that bitcoin will hit further lows ... anything can happen and personally it doesn't surprise me at all. I see it as another opportunity to buy more. "discounted price".
I would worry about other events (more technical) than the simple monetary value, since my interest in this technology is not given by its economic value!
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crzy
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May 20, 2022, 09:06:38 PM |
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Some good altcoins can pump during the bear market but if you see Altcoins drop like 90% on its price better not to buy because its too risky and you can’t know if that altcoin will rise again and survive that drop. Bitcoin may not hit the price of below $15k again, that could be a big crash again but for sure whales will catch the price at $20k. If you really want to become more profitable, you will buy during the bear trend but make sure that you will only buy good projects that keeps on growing even if we are on a bear market.
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isaac_clarke22
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May 20, 2022, 09:07:48 PM |
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~
Bitcoin was like down at those years you mentioned. It was like everyone was panicking already since the corrections were so low that some people thought that it is now dead. I cannot say the same for the altcoins since they don't all just go the same way. Some do survive, but most alts that some called shitcoins aren't just barely enough even to pump back even if Bitcoin was recovering already. This is why I do not invest that much in altcoins back in the days and now I am full into Bitcoin.. maybe for now. It's my money anyway.
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teosanru
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May 20, 2022, 09:08:29 PM |
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For those who lived during the past bear market ( 2018 /2019 ):
Can AltCoins go against the larger trend and actually pump nicely during a bear market ? I know there was a bit of a pump in 2019, so I don't know.. but right now I'm seeing Gods Unchained, Ox and a few other coins pump even if Bitcoin's Market dominance is still well over 42 %. Lets not also forget the market is still in a downtrend headed for lower lows at the moment. So would there be any point in trying to FOMO into altcoins pumping ? I personally exited the market almost entirely, plan to re enter when Bitcoin hits 15K or even lower. Then again I've noticed some alts coming desperately close to the negative 98% mark... you have to wonder how much lower can they go
Yes they will, the whales have to make money out off somewhere atleast they will definitely pump some coins to earn quick money. But unlike the bull market these will be pretty hard to predict and enter into, in bull market no matter in which coin you put the money in eventually all of them are going to explode sooner or later however the same isn't true in bearish market so coin selection becomes highly critical.
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Xal0lex
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May 20, 2022, 09:27:21 PM |
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They can, only briefly, and not all altcoins. It usually happens when investors pour liquidity into some altcoins, there is a spike, sometimes even reaching a new ATH, and then there is the same rapid drop in price, following the fall of bitcoin. So don't expect that while bitcoin falls hard, the altcoin market will live and thrive. No, it will fall even harder, overall, but some altcoins may rise briefly.
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goaldigger
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May 20, 2022, 09:39:08 PM |
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Some can pump and some can still reach their new ATH, this will always depend on how they work on their technology, good updates and with a good community, the result can be good for them even if the whole cryptomarket is on a bear trend. Good project usually announce their updates during the bear market in order for them to survive the downtrend and if you are lucky enough to hear those good updates, better to buy right away because for sure the next trend will be a big one. There’s a lot of good opportunities during the bear market, grab those opportunities and take it easy, the market will recover soon.
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bitkanu
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May 20, 2022, 10:05:13 PM |
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I've seen some shitcoins in the past bear market acts as if they are detached from the market and having bullish run despite the current market circumstance is heavily bearish. I guess this kind of coin that could gain price increase amidst the bearish market, and there are some altcoins that are really good that they could gain some bullrun definitely the same case like STEPN mainly because it was considered good that despite the market in bearish they still gain quite good amount of bullrun, definitely very rare case tbh.
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Yogee
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May 20, 2022, 10:06:49 PM |
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The general trend is altcoins fall when bitcoin falls but there are always exceptions. It already happened before so it can happen again. If you see an altcoin you like that's down by 90% or more then you may as well start accumulating. We are probably one pr two years away from another run. Just try to avoid Luna until voting is over or after the case against them is over.
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lobo13hf
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May 20, 2022, 11:15:40 PM |
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Can AltCoins go against the larger trend and actually pump nicely during a bear market ?
Yeah and why not? as long as there was a huge update and it can against the major trend that happened with the market. I just remind you if you can also take a look at the gainers and loosers on CMC. that proves that if there are still tokens that ourperformed the altcoins. So would there be any point in trying to FOMO into altcoins pumping ?
The point must be huge update or news and pump and dump token. Sometime the crap tokens can outperform the market caused by it's being pumped by the whales.
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Rengga Jati
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May 20, 2022, 11:25:49 PM |
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If the hype is very high, if the community and promotion are highly done and conducted, moreover creating FOMO, it maybe probably be. But without the hype, it will be very difficult. And in this case, if a coin is pumping during the bearish market, commonly it will not last a long time, it will be only during the hype and will dump directly. So, be careful everytime facing with this kind of projects or altcoins.
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Uang_kartal
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betfury
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May 20, 2022, 11:47:32 PM |
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I've seen not only bitcoin weakening, at that time some coins with good fundamentals also declined but there were some that continued to rise such as sand, solana, etc. maybe from volume or marketing strategies that were quite effective and self-burning, especially from hodlers who faithfully provided trading positing . if I had to choose I would prefer bitcoin over altcoins even though the multiples and capital I have can be very significant. when you ask this maybe you are researching the altcoin you choose? keep Dy0r
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Oceat
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May 20, 2022, 11:58:04 PM |
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It's rare to happen but most of the time they were just a pump and dump strategy so I don't recommend it during bearish time. But if you a good strategy to outsmart those who made it pump then you can dump right after they dump it again but most of the time it's just a pump and dump strategy to them. Sometimes hyping some coins to make it pump even more but we all know what's behind with that strategy. It takes some right timing and knowledge to make some profit when that happens and I would say they were lucky. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Dr.Osh
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May 21, 2022, 12:21:24 AM |
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the potential for coin pumps in a bear market remains, even when the dump occurred in 2018, there were still a few altcoins hitting their ATH after that. however, it all depends on the coins you have. there are some altcoins that rose only for recovery because they were affected by a sudden decline, but there were also those that did not recover, even continued to decline during a bear market. it's just that the percentage of coins that will pump during a bear market is very small. So, when you want to re-enter, make sure that you have coins that are popular, and have much needed benefits then and in the future.
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asriloni
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May 21, 2022, 03:00:57 AM |
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I will give you some links that will answer your question with the fact and it's not only an opinion. https://coinmarketcap.com/gainers-losers/https://www.coingecko.com/en/coins/trendingIt's always possible for some altcoins to overperforming the market trend through some big updates, rumour, news and many more. These variable are also helping so many shit scam tokens in the market to be pumped to the moon. I would not be surprised to see that if something big will be triggering the pump for these kinds of altcoins. Even when people were calling these tokens as garbage tokens
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bestcoins1
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May 21, 2022, 05:20:31 AM |
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I've seen not only bitcoin weakening, at that time some coins with good fundamentals also declined but there were some that continued to rise such as sand, solana, etc. maybe from volume or marketing strategies that were quite effective and self-burning, especially from hodlers who faithfully provided trading positing . if I had to choose I would prefer bitcoin over altcoins even though the multiples and capital I have can be very significant. when you ask this maybe you are researching the altcoin you choose? keep Dy0r
It's not wrong if someone wants to research altcoins because basically when someone is researching altcoins, he must have liked Bitcoin for various reasons and facts that have been seen in Bitcoin. So as long as he wants to research it better and then choose it as a long-term investment, then that is a very good job because considering that research also takes a lot of time.
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GatotKaca
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May 21, 2022, 05:29:09 AM |
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the potential for coin pumps in a bear market remains, even when the dump occurred in 2018, there were still a few altcoins hitting their ATH after that. however, it all depends on the coins you have. there are some altcoins that rose only for recovery because they were affected by a sudden decline, but there were also those that did not recover, even continued to decline during a bear market. it's just that the percentage of coins that will pump during a bear market is very small. So, when you want to re-enter, make sure that you have coins that are popular, and have much needed benefits then and in the future.
Usually, an altcoin pump situation when a bear market is running occurs because of Investors who enter the altcoin. it could be due to risky updates that developers dared to do. it could also be due to manipulation by the project team itself. but most of the pumping that happens to altcoins in a bear market won't last long. if bitcoin does not immediately make a steady movement in the market. it will make the altcoins that do the pump crash immediately.
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JeffBrad12
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May 21, 2022, 05:36:33 AM |
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The trend is giving impact to the how big the pump that can be done by any altcoins in the market but as long as the hype was big enough and this will ignore the bearish trend in the market. Some tokens like the football tokens have been pumping so hard and it's only ignoring the current decrease that happened in the crypto. Im sure that if you are also aware about this too. A token can become bullish when it was getting the hype. Hype was the key for the token to leave from the bearish trend to be pumped so hard. Football token was a real thing that has proven if that's real. Don;t you see some football tokens pumped so hard during the bearish market?
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