Altcoin season in "Uptober"?

[Wakate]

The market will determine that and I can't conclude if the altcoins market will continue from there. The Bitcoin dominance is still very high and it's a good time to buy and hold whether Bitcoin or altcoins that have amazing community. Investors should buy Bitcoin and altcoins all together so in case we enter the altcoins season, holders would have to make more money without regretting of not buying some good altcoins to hold.

[Abiky]

Well it does like like it this way this month will give us all alot of gains. Bitcoin breaking price point of 120k now so I do think we will make alot of gains. 
The top alt coins are all making gains right now. The biggest gains in last 7 days is Solana up 18.36 percent.
https://news.bitcoin.com/bitcoin-breaks-120k-as-uptober-phenomenon-repeats/

Top altcoins are scoring big. But what about low-capped coins? When will they experience a bullish run? I guess we'll have to wait a lot longer than we've thought. Perhaps, Bitcoin and top-tier altcoins need to constantly rise in price for others to follow suit. These days it's all about chains with smart contract features, AI-based tokens, and "meme" coins. At least, that's where the hype is.

October is off to a good start, so anything's possible. Better sell high before prices go down again. Summer is where crypto is usually "bearish", so if you're planning to buy, you should wait until then. I've read that spot ETFs for Solana will be approved this month. XRP will probably be the next one. Who knows how high will these coins go after they're "institutionalized"?

[programmer3666]

Will altcoin season take place the following month? If not, why? What would be your prediction?

altcoin season could happen in this october!! but nothing is guaranteed yet although at this very moment the market is looking very bullish!!! ETH might lead the move in this circle me i am projecting like another ATH, but it kind of depends on Bitcoin. if Bitcoin stays stable then alts can grow & come fast. but if Bitcoin makes a big move up or down then alts usually suffer. my guess is we might see some good gains, but the market is always full of annoying surprises. sometimes what looks like the start of alt season turns out to be just a short pump so it is better to stay cautious and not chase every green candle. patience and timing will matter more than the hype.

[Ndabagi01]

What do you think? Will altcoin season take place the following month? If not, why? What would be your prediction?

Your input would be greatly appreciated. Thank you.

Your analysis about the month of October on the price of bitcoin is already showing the results already. We cannot deny the fact that bitcoin has once again obeyed its historical trend and Bitcoin has achieved a bullish momentum from the first day of the month of October. Bitcoin is currently trading above $120K which a day to the first of October it was less than $115K.

This sudden boost has brought about more assurance from the Bitcoin enthusiasts and Bitcoin community that bitcoin will achieve another all time high before the end of the bull cycle. Speculations are already up that Bitcoin will reach $150K. The altcoin seaosn is also been talked about more and as Bitcoin trends to break ATH, altcoins are expected to follow suit to witness the altcoin season soon.

[JamesDaniel90]

Bitcoin set a new high few hours ago hitting $125k , ETH will hit new high soon and then the money will flow into altcoins end of October / November giving us altseason.

Those of us mainly in altcoins, we are nearly there. Just all have to make sure we sell as next year is going to be brutal bear market.

[vadranov]

Bitcoin set a new high few hours ago hitting $125k , ETH will hit new high soon and then the money will flow into altcoins end of October / November giving us altseason.

Those of us mainly in altcoins, we are nearly there. Just all have to make sure we sell as next year is going to be brutal bear market.

Now it's down to 123k. The crypto market cycle is like that. In Q4, barring any bad news, altcoins will likely rise from October to December. Conversely, in mid-Q1 to Q2, and even at the start of Q3, everything will be in the red.

[markm]

The up-and-down part of climbing value is necessary in order to build the buy-side stronger with the proceeds of each upward step.

To ensure the buy-side is stronger than the sell-side, hopefully ultimately strong enough to absorb even a "dump" of every bitcoin not owned by one of the builders of the buy-side, so that if everyone else dumps they will own the entire kit-and-kaboodle of it and the dumpers will be out of coins to dump, it is necessary to pack the buy-side more densely than the sell-side, which means things like for example "sell one million satoshis at each ten dollars of price but buy one million satoshis at every five dollars of price" columns of ascending sell offers and descending buy offers.

In essense one cannot build a strong-enough buy-side simply putting back onto the buy-side the proceeds of one's sells at the same "density" of offers, so necessarily one's buy-side column of offers is going to rise slower than one's sell-side column of offers.

Thus each time a "pump" happens, one only gets to build one's strong buy-side upward toward the top that pump reached about maybe half-way, and only even that far if only building one's buy-side only twice as "dense" as one's sell-side.

So following each pump typically one's buy-side is likely to be weak enough that dumpers will somewhat swiftly manage to dump the price half-way back down the distance the pump drove it upward.

This is not at all to suggest pumping and dumping but merely to point out that the "makers not takers" building up under where the pumpers push to typically are only going to be able to build strongly upward under it half-way, and that only if already spreading so thinly as to build their buy-side only twice as dense as their sell-side, so once the pumpers take a rest the dumpers can usually dump halfway back down or more.

A great blessing of bitcoin is it actually has some "makers not takers", enough to actually make a difference long-term, unlike so many oodles hordes swarms etc of alternative coins let alone however many billions of tokens might be "out there" by now or if not now maybe tomorrow or the next day or next week month or year or few...


-MarkM-

[JamesDaniel90]

Bitcoin set a new high few hours ago hitting $125k , ETH will hit new high soon and then the money will flow into altcoins end of October / November giving us altseason.

Those of us mainly in altcoins, we are nearly there. Just all have to make sure we sell as next year is going to be brutal bear market.

Now it's down to 123k. The crypto market cycle is like that. In Q4, barring any bad news, altcoins will likely rise from October to December. Conversely, in mid-Q1 to Q2, and even at the start of Q3, everything will be in the red.

Bitcoin back at $124k again.  It will be up and down at times but mainly over the next few months will be up.

Some say $200k is possible by end of year, I’m not sure about that but $160k I think can happen.

It’s not Bitcoin I am focused on though as I don’t hold any , what ETH does is more important to me as I’m all in on altcoins currently.

Once ETH breaks $5k then it should go on a run and that’s when money should then flow into alts giving us some kind of altseason.

[ZeeeN]

Bitcoin set a new high few hours ago hitting $125k , ETH will hit new high soon and then the money will flow into altcoins end of October / November giving us altseason.

Those of us mainly in altcoins, we are nearly there. Just all have to make sure we sell as next year is going to be brutal bear market.

Now it's down to 123k. The crypto market cycle is like that. In Q4, barring any bad news, altcoins will likely rise from October to December. Conversely, in mid-Q1 to Q2, and even at the start of Q3, everything will be in the red.

Bitcoin back at $124k again.  It will be up and down at times but mainly over the next few months will be up.

Some say $200k is possible by end of year, I’m not sure about that but $160k I think can happen.

It’s not Bitcoin I am focused on though as I don’t hold any , what ETH does is more important to me as I’m all in on altcoins currently.

Once ETH breaks $5k then it should go on a run and that’s when money should then flow into alts giving us some kind of altseason.

Do you think this year ETH can break 6K?

[finaleshot2016]

It's always uptober in the past years, no wonder it's the alt season but hey let's be aware how vulnerable the market is, there are many people trying to manipulate the current market.

Some people are hoping for a $200k BTC but let's be practical, we should secure our finances and don't ride the false hopes, be positive but make it in the right pathway, DCA if there are chances.
But still, hoping ETH and SOL to at least break ATH again, I'm not done yet with them.

[JamesDaniel90]

Bitcoin set a new high few hours ago hitting $125k , ETH will hit new high soon and then the money will flow into altcoins end of October / November giving us altseason.

Those of us mainly in altcoins, we are nearly there. Just all have to make sure we sell as next year is going to be brutal bear market.

Now it's down to 123k. The crypto market cycle is like that. In Q4, barring any bad news, altcoins will likely rise from October to December. Conversely, in mid-Q1 to Q2, and even at the start of Q3, everything will be in the red.

Bitcoin back at $124k again.  It will be up and down at times but mainly over the next few months will be up.

Some say $200k is possible by end of year, I’m not sure about that but $160k I think can happen.

It’s not Bitcoin I am focused on though as I don’t hold any , what ETH does is more important to me as I’m all in on altcoins currently.

Once ETH breaks $5k then it should go on a run and that’s when money should then flow into alts giving us some kind of altseason.

Do you think this year ETH can break 6K?

Easily yes. It pumped over 200% from April to August so can definitely go from current price of $4.5k to $6k in 12 weeks by end of year.  I think $7k is even likely.

[Jegileman]

There are rumors that there will be an altcoin season soon. ETH will be the one coin that would most likely trigger the craze, affecting other altcoins among the top ranks in market cap.

Ethereum is known to be the kings of the altcoins, so a move in Ethereum will also signify a move in other altcoins in the cryptocurrency market. It is the frontier of them all.

If I had to guess, this October (aka as Uptober in crypto land) will be a bullish month for alts. Bitcoin will remain "stagnant" within the $112k - $116k range for a while. But the crypto market is often unpredictable, so anything's possible.

What do you think? Will altcoin season take place the following month? If not, why? What would be your prediction?

Everyone opinion about the altcoin season varies as far as I’m concerned. Some believed it already happened and we may not see anything happening again and if at all it does, then we will only feel a little impact of it in the market.

Some claim that the altcoin season will happen when inventors begin to sell their bitcoins and invest into altcoins, that’s when the bitcoin dominance becomes over and altcoins are being heavily invested into. If that is the case, then the price of bitcoin doesn’t have effect on the altcoin market coming.

[imthegreat]

Sooner or later, April will lose its power. Because the market doesn't like predictable behavior, and the winner is the one who thinks two steps faster.
After all, if everyone always bet on the favorite, such a strategy wouldn't always be profitable.
We need to be prepared for any turn of events, because the market is a constantly changing sea.

[bitgolden]

Obvious that we are not going to see alts be any deviated from bitcoin. And bitcoin did great, so it is going to be good for alts as well. That is why it's clear that we are not going to see this be that much different for the long term. If we can do that, then we are going to see this be a lot better for everyone.

In the end, it is going to be something that will benefit everyone, so it should not be that complicated. While I understand not wanting to be stuck with something bad, if you do invest into a high ranked alt, then you are going to go with the same direction as bitcoin does. Many (including me) go towards higher, and when you do that, it is going to be not that bad and we can definitely make some good return out of this.

[Marvell1]

There are rumors that there will be an altcoin season soon. ETH will be the one coin that would most likely trigger the craze, affecting other altcoins among the top ranks in market cap.

Ethereum is known to be the kings of the altcoins, so a move in Ethereum will also signify a move in other altcoins in the cryptocurrency market. It is the frontier of them all.

Based on previous cycle patterns, whether or not an altcoin season arrives will depend on ETH's performance. But I think that is no longer true.

If you follow the market in recent days, you will see ETH is quite weak but BNB stands out as it continuously hits ATH and at times reaches $1,3k. Many coins and memes in the BSC ecosystem have grown tremendously, especially memes like $4, PALU have increased in price hundreds of times.

Several altcoins and ecosystems have grown without much concern for ETH.

Everyone opinion about the altcoin season varies as far as I’m concerned. Some believed it already happened and we may not see anything happening again and if at all it does, then we will only feel a little impact of it in the market.

Some claim that the altcoin season will happen when inventors begin to sell their bitcoins and invest into altcoins, that’s when the bitcoin dominance becomes over and altcoins are being heavily invested into. If that is the case, then the price of bitcoin doesn’t have effect on the altcoin market coming.

I have a feeling altcoin season is here but it rotates across ecosystems and Narrative, instead of growing across the entire market as before.

We had the BNB explosion and next could be Sol. Sol ETFs are expected to be approved this month and it would not be surprising if the money flowing through Sol and the Sol ecosystem skyrockets like BNB. Meanwhile, we will probably have to wait a while longer to see ETH growth.