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Author Topic: Can some AltCoins pump during bear markets ?  (Read 476 times)
RussianEnglishTranslation
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August 05, 2022, 11:36:29 AM
 #101

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
For sure, altcoins can pump during a bear market. ICP pumped 25% over the last week. If you had bought during the last few months you would be in profit.
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August 05, 2022, 11:38:59 AM
 #102

For sure, altcoins can pump during a bear market. ICP pumped 25% over the last week. If you had bought during the last few months you would be in profit.
It's not only ICP, OP was also facing a huge pump since a few weeks ago and it's still in a big pump. I have made 4x profit since i was buying OP at the bottom price. Any altcoins in the market can be pumped easily by the whales. The trend didn't matter a lot as long as there will always be the new to bring the hype to the token. I have seen so many tokens have experienced the same thing like ICP and OP. ETC was also pumping so hard after merged announcement.
As long as a token/coin got big news, the whales will not feel hesitate to pump it lol

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August 05, 2022, 12:08:34 PM
 #103

For sure, altcoins can pump during a bear market. ICP pumped 25% over the last week. If you had bought during the last few months you would be in profit.
It's not only ICP, OP was also facing a huge pump since a few weeks ago and it's still in a big pump. I have made 4x profit since i was buying OP at the bottom price. Any altcoins in the market can be pumped easily by the whales. The trend didn't matter a lot as long as there will always be the new to bring the hype to the token. I have seen so many tokens have experienced the same thing like ICP and OP. ETC was also pumping so hard after merged announcement.
As long as a token/coin got big news, the whales will not feel hesitate to pump it lol
Whales have a huge market influence and can make a spike in the price of a certain coin. But I feel risky investing this coin, we never know what will be the next move that these whales are planning to do which is very often the cause of losses. Well, I tell you that you are too lucky to have that 4x profit in investing ICP but never think about holding them for long because those projects build with hypes and manipulated prices won't stay long as they drop drastically.
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August 05, 2022, 12:33:04 PM
 #104

we have entered the bearish season 2022/2023, of course volatility in altcoins will also be higher, Pump and Dump will occur,
because altcoins will follow the movement of Bitcoin prices,

The prices of altcoins don't always follow the movement of Bitcoin price. Sometimes the price of an altcoin can increase because of good news from that altcoin, for examples: there is a new sponsorship, burning program, or new product made by the project team. These are just some examples that can make pump of altcoin prices without the influence of Bitcoin price. Although the price of Bitcoin is decreasing, the price of that altcoin can increase if one of those examples is happening.


Only a few altcoins can go against Bitcoin and market trends. Good news like you said altcoins might bump its price for a short amount of time but eventually the price will rise and fall similar to Bitcoin and the market. That's why don't have too much hope for upcoming good news for an altcoin, you might fall under a pump cycle because of 'priced in' to anticipant it.
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