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Topic: Altcoins to go crazy again once Bitcoin reaches 20k? - page 11. (Read 3403 times)

member
Activity: 176
Merit: 10
Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
I think the cryptocurrency market is somehow connected from bitcoins to altcoins because mostly when the bitcoin price is halving the altcoins market is down and by the time when the bitcoin halving is over the altcoins market will respond. I have no doubt if the bitcoin reaches $20k the altcoins price will grow as well
sr. member
Activity: 1638
Merit: 255
Not always altcoin is in continuous bearish line, there will be a time for altcoin to return to the altcoin season, but I can't predict exactly when it will come. It is possible that altcoin is still traumatized by the event of the price drop for Bitcoin in 2018. So to get back to altcoin season, have to see the movement of Bitcoin, say when Bitcoin hits 20K, maybe altcoin feels safe to return to its season. So the correlation for altcoin will return to its season if Bitcoin really does recover.
hero member
Activity: 2884
Merit: 579
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The topic is an obvious one. Of course altcoins will go crazy again once Bitcoin reaches $20,000. Forget those doomsayers that say all altcoins will die, there is only one coin, Bitcoin. As long as nothing is still massively used by the masses, it's any coin's ballgame.
They are honest if they say that altcoins will die but they have to be specific that few of those will. It cannot be denied that there will be altcoins that are about to die whether there will be alts season or bitcoin's bull run.

They're bound to die because of their developers that are no longer interested of working their project up to this point. As for the other altcoins, it's true that many of them will also get along with bitcoin's pump.
sr. member
Activity: 924
Merit: 260
The topic is an obvious one. Of course altcoins will go crazy again once Bitcoin reaches $20,000. Forget those doomsayers that say all altcoins will die, there is only one coin, Bitcoin. As long as nothing is still massively used by the masses, it's any coin's ballgame.
sr. member
Activity: 756
Merit: 268
Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
This can be a real one since the price of altcoins usually goes in harmony with bitcoin. Altcoin season usually occur when bitcoin goes high so it is best that we invest on the top altcoins whenever bitcoin is going high. We can really see a direct correlation between the two. If we are going to observe carefully the correlation between bitcoin and altcoin, so in result with these, we should always observe the price of bitcoin before investing on altcoins to see if it is really worth it and it is a good time to invest.
legendary
Activity: 1568
Merit: 1041
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It is possible, but BTC reaching 20k again is very far from now.
Right now it has to recover from the severe downfall it has faced lately once that happens, than maybe we are looking at something decent.

it could actually happen faster than you realize, i myself was amazed at how prices had grew today. 12 hours ago prices was about to drop to $8k but go up to $9300 right now. $20k could be reach without you realizing that we are there. this is why its ideal to invest earlier or simply keep trading your BTC to grow it. altcoins could go crazy as OP said but even when BTC don't reach its ATH, its still going crazy.




The problem is, you don't want it to be an almost instantaneous thing. You want it to slowly climb up to $20k and even higher. If it does it almost instantly, there will be a major correction and the $20k price will not hold for very long. If it happens slowly, it will stay near that price or even more for a while longer.
legendary
Activity: 1568
Merit: 1002
anyway, altcoins will definitely get the season again and we won't know when it will happen but at least with bitcoin, anything can still be achieved and to reach a new ATH we should at least be more patient so that we will remain motivated to make investments if we believe in the cryptocurrency season will come again in the future
legendary
Activity: 3178
Merit: 1054
It is possible, but BTC reaching 20k again is very far from now.
Right now it has to recover from the severe downfall it has faced lately once that happens, than maybe we are looking at something decent.

it could actually happen faster than you realize, i myself was amazed at how prices had grew today. 12 hours ago prices was about to drop to $8k but go up to $9300 right now. $20k could be reach without you realizing that we are there. this is why its ideal to invest earlier or simply keep trading your BTC to grow it. altcoins could go crazy as OP said but even when BTC don't reach its ATH, its still going crazy.


full member
Activity: 482
Merit: 117
It is possible, but BTC reaching 20k again is very far from now.
Right now it has to recover from the severe downfall it has faced lately once that happens, than maybe we are looking at something decent.
newbie
Activity: 37
Merit: 0
Experts say that it isn't expected so, since one of the things that brought the alt season in 2017 was the surge of new investors who believed Bitcoin was priced too high. This time, it might not be the same. The market is more mature now, and if Bitcoin reaches 20k, then they will think it is bound to reach even more, as many bulls have already made ridiculous predictions, with John McAfee even saying he will cut his manhood.

Nevertheless, everything is possible with crypto, and no one can really be 100% sure about the market in the future.
sr. member
Activity: 658
Merit: 251
We all need to understand the fact that altcoin run is not dependent on BTC hitting $20k. It is largely dependent on BTc being and stable and BTC dominance being reduced. If BTC dominance is high, even if BTC hits $20k, Altcoin season might come and altcoin will not run, but as soon as BTC dominance is reduced altcoin will  have a crazy run
Bitcoin is a king and the well-known in cryptocurrency. the king must be bright so the followers (altcoins) can follow
if the king isnt good enough, how the follower would be good enough too?

IMO, when bitcoin goes to crazy, many people will entry in cryptocurrency so it can boost cryptocurrency (Bitcoin and altcoins)
hero member
Activity: 1386
Merit: 504
Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
Well for me it all depends how bitcoin will tackle or how roughly that pump and dumps could be. Because we don't know if the majority will stay in bitcoins or will take some moment to let the money flow into other altcoins. For me it is much better for the altcoins to pump but if not then let it be.
full member
Activity: 1708
Merit: 105
The market would rise up once the BTC hits up another all time high.
It would surely rise up the other crypto just like what happen back in 2017.
But in order for that to happen we would need a strong wave of new investors .


Agree with your opinion, that bitcoin will reach a good level starting from the end of this year to continuing the following year. naturally many investors will hunt down and invest in bitcoin knowing that bitcoin will return to its heyday.
time will determine all this to happen well.
sr. member
Activity: 756
Merit: 251
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We all need to understand the fact that altcoin run is not dependent on BTC hitting $20k. It is largely dependent on BTc being and stable and BTC dominance being reduced. If BTC dominance is high, even if BTC hits $20k, Altcoin season might come and altcoin will not run, but as soon as BTC dominance is reduced altcoin will  have a crazy run
full member
Activity: 2268
Merit: 121
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Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
Bitcoin is indeed the basis of the movement of all altcoins, so clearly a direct correlation between bitcoin and altcoin is inevitable.
if bitcoin rises to $ 20K, it will obviously affect all altcoins that are already listed on the exchange. not for altcoin who just did ico, because it is still doubted whether it is really running because many are actually scams.
hero member
Activity: 3024
Merit: 745
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Focusing on earning in the current market situation is trading, simply said. Focusing on waiting for an alt season should be accumulating coins and not risking them!
This year we will not see any season at all, we can feel luck if price of bitcoin goes over 10k and some alts follow that rise. Next year will be similar to this one, fluctuations all the time, some spikes, some deeps, all in all I don`t expect to see some huge price rise. I expect 2021 to be our year! Not from the start of course, but mid 2021 to the end will be the possible period for crypto market to brake that 1 trillion cap for the first time ever!
The price of bitcoin moved over $10k but it was down so quickly but as you can see it's trying hard to get into retraction again. I'm okay if we have to wait until 2021, it isn't so long. It's just about for 2 years and I'm okay waiting for that long and even longer. But I'm more positive now than last year which was full of disappointment. But at least now, we can have that peaceful mind and less stress while looking at the charts.
sr. member
Activity: 1876
Merit: 318
When we talk about when the altcoins season starts, the answer does have something to do with bitcoin price movements.
If Bitcoin returns to the price of $ 20,000 as it did in 2017. This will make some altcoins following in the footsteps of bitcoin
will rise to the price highest. So many people expect bitcoin to rise to $ 20,000 in order to make altcoins go up too. But there
are also those who assume if bitcoin rises to the highest price, it will make the price of altcoins increasingly go down. This way
we don't know for sure which prediction is correct, so we better play safe by only investing in altcons that are popular and have
a large amount of volume.
hero member
Activity: 736
Merit: 504
When BTC come to 20K again, some coins may run with BTC. Some coins who are top ranked and already proved themselves. ETH, XRP, LTC, BNB etc. They can double even triple their price together with BTC. By the way probably most of the coins can east crush under BTC while BTC running to 20K and get ever worst if BTC will find new all time highs. It looks logical keep some amount of BTC without trading and buy some coins who are strong at market which I mentioned below.
sr. member
Activity: 1176
Merit: 301
The market would rise up once the BTC hits up another all time high.
It would surely rise up the other crypto just like what happen back in 2017.
But in order for that to happen we would need a strong wave of new investors .
sr. member
Activity: 1274
Merit: 263
Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?
yes maybe, but when did it happen. bitcoin prices are currently only 9k and need 2x to 3x surges to get to 20k prices. this is very difficult, halving may not be able to pump up to that size. so the altcoin season might be difficult to start. but I still hope it can start as soon as possible
This influence will continue to occur because btc is the parent of altcoin, so when bitcoin prices are stagnant, the altcoin market will rise rapidly and this is caused by traders / investors who tend to make altcoin as a source for profit, we cannot predict how the market going forward, because everything can happen suddenly.

Before thinking altcoin will go crazy again, we should remember in January 2020 every exchange needs to satisfy AML 5 compliance. This will end an anonymous account and restrict manipulators from manipulating the whole market because the exchange has its customer data and it will be used by SEC to charge the suspected manipulator. The growth will happen but do not expect the price to go crazy again,
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