Bitcoin near all time high but altcoins not moving, why?

[makishart]

As other have explained, nobody is buying altcoin right now.
Wait until we're entering distribution phase for BTC then we can see altcoin moving.

Why? Because all the money is going to BTC right now and people still wait for chance to position into altcoin.

[ultrloa]

As other have explained, nobody is buying altcoin right now.
Wait until we're entering distribution phase for BTC then we can see altcoin moving.

Why? Because all the money is going to BTC right now and people still wait for chance to position into altcoin.

People are focus on Bitcoin since maybe investors are speculating about more possible pump especially that Bitcoin has so many positive things happened recently.

If situation cools down and people attention would shift then provably that altcoin season would provably starts at that time. So if they really believe that their tokens supported have good potential then better they should acquire it especially if the price is low. Since maybe they regret not to buy it especially if the price starts to move.

But deal only with top coins since for sure they are less risky compare to any shitcoins in the market since we don't know if there's a pump would going to happen with those shitcoins.

[Abiky]

Bitcoin almost hit all time high a few hours ago yet altcoins are hardly moving and I am just wondering why?

When Bitcoin first hit $106k back in December, my portfolio was +200% due to altcoins pumping with it yet with Bitcoin at $106k now, my portfolio is only +38% due to altcoins lagging behind.

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

Because altcoin season hasn't started yet. Institutional investors are buying BTC like crazy, leaving other altcoins in the dust. Even ETH has been underperforming lately (despite having its own spot ETFs). We might need to wait a little longer until institutional investors get bored of BTC. Once they accumulate most of the circulating supply, they'll jump into other coins. ETH is next in line, followed by SOL, XRP, and LTC.

I'd keep buying alts at such low prices, to prepare myself for the next season. The "pump" might be bigger than we've thought. A great way to make huge profits. Be aware that "not all that glitters is Gold". Some altcoins are good, while others are pure junk (especially "meme" coins). Do your own research and you'll see what I mean.

[Dogedegen]

As other have explained, nobody is buying altcoin right now.
Wait until we're entering distribution phase for BTC then we can see altcoin moving.

Why? Because all the money is going to BTC right now and people still wait for chance to position into altcoin.

The last cycle was very different. Retail bought BTC, then distributed profits into altcoins to chase more gains. Who is going to do the distributing at that scale in this cycle? Strategy? Of course not. There is an increasing risk that the altcoin season will never come, and if it does, that it will come in a much more limited way than last cycle.

If situation cools down and people attention would shift then provably that altcoin season would provably starts at that time. So if they really believe that their tokens supported have good potential then better they should acquire it especially if the price is low. Since maybe they regret not to buy it especially if the price starts to move.

But deal only with top coins since for sure they are less risky compare to any shitcoins in the market since we don't know if there's a pump would going to happen with those shitcoins.

We will see if that will actually happen or not.

[Mpamaegbu]

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

To get a feeler of when alts will begin to moon, look out for two things – Bitcoin's dominance, and secondly upsurge in ETH price. Once ETH begins to pump and Bitcoin starts losing its dominance, know that good tidings are on the way for alts. ETH is the leading alts, and once funds begin to flow into it, there will be FOMO in that circle. Investors who are naive will start seeing every alt as an alternative to ETH to the point that they will assume those alts can also spike like ETH. We've seen this play out in the past. I don't think it will be any different now.

[avikz]

Bitcoin almost hit all time high a few hours ago yet altcoins are hardly moving and I am just wondering why?

When Bitcoin first hit $106k back in December, my portfolio was +200% due to altcoins pumping with it yet with Bitcoin at $106k now, my portfolio is only +38% due to altcoins lagging behind.

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

I am happy that alt coins are not moving. The market is loaded with shitcoins which is eating into the liquidity of Bitcoin. At least 95% of the altcoins need to die in order to clean the market.

Altcoins are here for specific reasons. When that reason becomes obsolete, their existence becomes difficult. That's why wise investors usually do not hold a lot of altcoins. Personally, I would not invest in majority of the altcoins running in the market today.

[JamesDaniel90]

Bitcoin almost hit all time high a few hours ago yet altcoins are hardly moving and I am just wondering why?

When Bitcoin first hit $106k back in December, my portfolio was +200% due to altcoins pumping with it yet with Bitcoin at $106k now, my portfolio is only +38% due to altcoins lagging behind.

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

I am happy that alt coins are not moving. The market is loaded with shitcoins which is eating into the liquidity of Bitcoin. At least 95% of the altcoins need to die in order to clean the market.

Altcoins are here for specific reasons. When that reason becomes obsolete, their existence becomes difficult. That's why wise investors usually do not hold a lot of altcoins. Personally, I would not invest in majority of the altcoins running in the market today.

You are going to be very disappointed soon then when alt season comes and bitcoin dominance drops 

[taufik123]

You are going to be very disappointed soon then when alt season comes and bitcoin dominance drops 

That's what is most awaited to date, when Bitcoin's dominance really drops quickly and the price of Bitcoin stabilizes,
then the altcoin's opportunity to make a price recovery.

But of course there are conditions, the altcoins that will rise and continue to be pumped are only altcoins that have a clear project,
a strong community and are able to weather the previous crypto market storms to date.

Hopefully Altseason will happen, and I also hold some altcoins that have very potential to go to ATH.

[passwordnow]

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

That is because Bitcoin's dominance is at high as well. Currently, its dominance in the market is 63.1% and that's a lot. Although I've seen it as high as more than 70% and I think that's circa 2021. And so, the altcoins are not moving a lot because of it. I'm also waiting for the alts that I am holding to pump but you need patience on this. There will be many that are about to pump and there goes the current ones that are pumping as well. They might move and pump a bit but many won't likely break their former ATH.

[milewilda]

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

That is because Bitcoin's dominance is at high as well. Currently, its dominance in the market is 63.1% and that's a lot. Although I've seen it as high as more than 70% and I think that's circa 2021. And so, the altcoins are not moving a lot because of it. I'm also waiting for the alts that I am holding to pump but you need patience on this. There will be many that are about to pump and there goes the current ones that are pumping as well. They might move and pump a bit but many won't likely break their former ATH.

Instead on trying out to make yourself be thinking about on when it would pump then its much ideal that you should be starting to accumulate those altcoins on which you do like to invest into because we do know that once that there's that dominance be shifting or lets say that there would be those numbers change then altcoin rally will happen. Just like on what been said by others that we do have that so called altcoin season on which potential or solid altcoins will be making up some new all time highs and if you've been here on this market for years then you have known about this cycle or trend. Therefore, you should be that wise on trying out to make some accumulation before the major move, or else you would be ending up on regretting just because you didnt made out the right decision. Patience does play up a major role when investing on crypto space because this isnt a race and there's a perfect time for everything on which this is where you should be trying out to consider out such manner on being that patient when it comes to increasing price. It is just that normal for us to think that once the market do made out some pump specially on Bitcoin then it will give out also that kind of momentum into altcoins too but just like been said that this doesnt happening all the time and you should be that mindful on how you do handle up your emotions whenever you do see these conditions.

[bitgolden]

Isn't that literally the reason why bitcoin is at all time high? I mean we are at all time high on bitcoin BECAUSE alts are not moving. Meaning, people are not buying alts, and they are buying bitcoin and that is why we are seeing bitcoin go up this much.

So we shouldn't really be worried about it, we should be feeling comfortable about it, and not really see this as a contradicting issue. When bitcoin peaks, we are going to start seeing people not invest into bitcoin and start investing into other stuff. That should be a great situation for us, and we could definitely make some money from it. All we have to do is wait for bitcoin to peak, and if you want, keep bitcoin, after it peaks, you can start looking to buy some alts.

[passwordnow]

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

That is because Bitcoin's dominance is at high as well. Currently, its dominance in the market is 63.1% and that's a lot. Although I've seen it as high as more than 70% and I think that's circa 2021. And so, the altcoins are not moving a lot because of it. I'm also waiting for the alts that I am holding to pump but you need patience on this. There will be many that are about to pump and there goes the current ones that are pumping as well. They might move and pump a bit but many won't likely break their former ATH.

Instead on trying out to make yourself be thinking about on when it would pump then its much ideal that you should be starting to accumulate those altcoins on which you do like to invest into because we do know that once that there's that dominance be shifting or lets say that there would be those numbers change then altcoin rally will happen. Just like on what been said by others that we do have that so called altcoin season on which potential or solid altcoins will be making up some new all time highs and if you've been here on this market for years then you have known about this cycle or trend. Therefore, you should be that wise on trying out to make some accumulation before the major move, or else you would be ending up on regretting just because you didnt made out the right decision.

I'm done accumulating altcoins already. I have already placed myself on it and hopefully some of these bet of mine will go more than 10x. Or even just for 5x if it won't happen. To be honest, most of the alts that I am holding were on a terrible loss. Plus to it, the early sale that I've done before the 2021 bull run for BTC and that's why I am making sure this time that I am doing the right thing before I sell. I agree that there are some solid altcoins based on their performance for the past years, I am sticking now to these that I am holding and they are not a lot but still hopeful that I'll get some good returns.

[Ullaa]

Bitcoin almost hit all time high a few hours ago yet altcoins are hardly moving and I am just wondering why?

When Bitcoin first hit $106k back in December, my portfolio was +200% due to altcoins pumping with it yet with Bitcoin at $106k now, my portfolio is only +38% due to altcoins lagging behind.

Why do we think altcoins are not moving and when do we think they will finally go on a run again?

I think it's primarily because the market is in a Bitcoin dominance phase when big money is moving into BTC first. Usually alts follow once BTC stabilizes or cools out a bit. Once that rotation starts we might see the traditional altseason but for now it's all eyes on Bitcoin.

[Dogedegen]

You are going to be very disappointed soon then when alt season comes and bitcoin dominance drops 

If you are certain, why not take big loans out and invest everything you have? Right, you are not certain at all and are just full of hopium that your shitcoins will recover. 

[JamesDaniel90]

You are going to be very disappointed soon then when alt season comes and bitcoin dominance drops  

If you are certain, why not take big loans out and invest everything you have? Right, you are not certain at all and are just full of hopium that your shitcoins will recover.  

Nothing is guaranteed. People expect Bitcoin to get to $150k easy this year, but it’s not guaranteed.

I saw my altcoins 4-5x in just a few weeks end of last year and there is high chance it will happen again

[Baki202]

Nothing is guaranteed. People expect Bitcoin to get to $150k easy this year, but it’s not guaranteed.

I saw my altcoins 4-5x in just a few weeks end of last year and there is high chance it will happen again

When expectations are too high, then it becomes a problem, and people who invest in Bitcoin should know whether it is worth it or not, and it takes a longer period for anyone to know the success they have made, and my problem sometimes is when you see people who have held for a short time start complaining. And even before Bitcoin reaches 150k in price, it will take a long time, so the best thing will be to hold for those that are holding. and the price increase of the asset is actually certain, but nobody knows when. This is why everyone needs to take their mind off when so that you don't worry yourself too much.

[Abiky]

Isn't that literally the reason why bitcoin is at all time high? I mean we are at all time high on bitcoin BECAUSE alts are not moving. Meaning, people are not buying alts, and they are buying bitcoin and that is why we are seeing bitcoin go up this much.

So we shouldn't really be worried about it, we should be feeling comfortable about it, and not really see this as a contradicting issue. When bitcoin peaks, we are going to start seeing people not invest into bitcoin and start investing into other stuff. That should be a great situation for us, and we could definitely make some money from it. All we have to do is wait for bitcoin to peak, and if you want, keep bitcoin, after it peaks, you can start looking to buy some alts.

Not necessarily. Bitcoin reached ATHs in the past while carrying the rest of the altcoins with it. This time is different because institutional investors are more interested in Bitcoin than anything else. Even Ethereum is suffering dearly (no new ATH since 2021). That's despite ETH having its own spot ETFs approved by the SEC. Retail investors' efforts alone are not enough to "revive" the altcoin season. Luckily for altcoin holders, several institutional investment companies filed spot ETF applications for SOL, and XRP. There are rumors that one for LTC will be submitted too. We just need to be patient for all of this to materialize.

If you're smart, you'd use the profits earned from holding BTC to buy more alts. Once the altcoin season begins, you could end up doubling or even tripling your investment. With BTC set to rise at a non-stop rate, we can safely say it will remain the dominant cryptocurrency on the market forever. Time will tell us which altcoins will survive and which ones will fade away into oblivion.

[dumpsterhawk]

Not necessarily. Bitcoin reached ATHs in the past while carrying the rest of the altcoins with it. This time is different because institutional investors are more interested in Bitcoin than anything else. Even Ethereum is suffering dearly (no new ATH since 2021). That's despite ETH having its own spot ETFs approved by the SEC. Retail investors' efforts alone are not enough to "revive" the altcoin season. Luckily for altcoin holders, several institutional investment companies filed spot ETF applications for SOL, and XRP. There are rumors that one for LTC will be submitted too. We just need to be patient for all of this to materialize.

If you're smart, you'd use the profits earned from holding BTC to buy more alts. Once the altcoin season begins, you could end up doubling or even tripling your investment. With BTC set to rise at a non-stop rate, we can safely say it will remain the dominant cryptocurrency on the market forever. Time will tell us which altcoins will survive and which ones will fade away into oblivion.

While I do agree with most of your post, I disagree with retail investors not being enough to revive the altcoin season. The issue is not that the efforts are not able to revive the altcoin season, the issue is that retail is not really here anymore. When you compare the wider situation around the bull run of the last cycle and the situation now, it could not be any different. People were at home, they received free money, crypto was pumping and it was in the news a lot which retail usually didn't read as much or respond to. A lot of retail got burned on many things from layer 1 altcoins to NFTs and lending platforms. Many of them will never come back. As with new retail, there currently is little interest. You can analyze the google trends to evaluate this every time. Will retail be back to ignite a new altcoin season? It is hard to say.

If you're smart, you'd use the profits earned from holding BTC to buy more alts. Once the altcoin season begins, you could end up doubling or even tripling your investment.

I think you are underestimating the potential. You could make 10 to 100 times your investment in a day during the peak of the altcoin season.

[Dr.Bitcoin_Strange]

@OP, what Frankolala said is true, you don't hold altcoins for long term. He is not the only one to say it, it has been an advice from a lot of old investors on this forum who have already had their own ugly experience with altcoin investment. If I was smart enough to sell some of the old altcoins I bought before now, I would not be in lose but the truth is that, I also lost some money in shitcoins, I had the opportunity to sell but I wanted more profit and now some of the projects are long dead and abandoned by their developers.

[JamesDaniel90]

@OP, what Frankolala said is true, you don't hold altcoins for long term. He is not the only one to say it, it has been an advice from a lot of old investors on this forum who have already had their own ugly experience with altcoin investment. If I was smart enough to sell some of the old altcoins I bought before now, I would not be in lose but the truth is that, I also lost some money in shitcoins, I had the opportunity to sell but I wanted more profit and now some of the projects are long dead and abandoned by their developers.

Depends what you mean for long term. I held one for over 12 months that did nothing then all of sudden did 40x return in 3 months.

Altcoins have not done anything really now for 5 months since the December highs, the next pump they have I will sell quite a lot , just have to stay patient.