Topic: Altcoins to go crazy again once Bitcoin reaches 20k? - page 8. (Read 3403 times)
Altcoin went crazy during the bullish run last December 2017 but since the market is so volatile there is no assurance that alts will rise once Bitcoin goes up though anything is possible. Crypto people become clever and very picky with alts which means if Bitcoin rally then only few altcoin will benefit from it.
Bitcoin's dominance is very high and if Bitcoin starts to rise to $20k, the dominance will increase even more, so it is unlikely that alts will start to grow very much up and go crazy
That was not the case last December 2017, btc had its ATH that time but altcoins followed and they even are more profitable than bitcoin. If the same trend will happen, we will see bitcoin dominance to decrease and altcoins to increase.
I would rather see that because it give balance growth to the market, if bitcoin dominance keep growing, altcoins will die and I don't think it would happen because altcoins also have a future, its part of the market and they are currently oversold, therefore my prediction would be an increase of altcoins will result to bitcoin's dominance.
And we could see it very much even this year, when the prices of the entire crypto market climbed thanks to Bitcoin's recovery, altcoins seemed to go even higher, and once more BTC dominance started dropping. This is normal and should be expected,,, people do get confused about dominance.
It is how alts act in price that determines BTC dominance, not the other way around.
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?
no doubt that this will happen,just like what many expects now that will happen in Bitcoin halving next year.so basically we will have another altcoin pumping together with bitcoin soon.but don't take it as a vouch because i dont want to be blamed if the market denies all the expectations.
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?
no doubt that this will happen,just like what many expects now that will happen in Bitcoin halving next year.so basically we will have another altcoin pumping together with bitcoin soon.but don't take it as a vouch because i dont want to be blamed if the market denies all the expectations.
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?
no doubt that this will happen,just like what many expects now that will happen in Bitcoin halving next year.so basically we will have another altcoin pumping together with bitcoin soon.but don't take it as a vouch because i dont want to be blamed if the market denies all the expectations.
Atl coin will recover once we have the BTC recover itself. Personally I am looking to wait another year or two before that happens because the BTC is just touching 12 k right now and it will take at least all of 2020 for it to go viral again with the price. Then the alt coin may also follow the trend and go crazy.
Bitcoin and altcoins have to go together for the time being but for now the dominance of Bitcoin is overwhelm all altcoins. I think it will take a long time before the altcoin season reappears. At the moment, investors are still not interested in this market and the large volatility is the main reason they are quite worried when investing. Now it is hard to predict what will happen next but I believe the market will return to 2017 again.Investors are interested in this space, they are just not interested in pumping it because its against their interest right now
Atl coin will recover once we have the BTC recover itself. Personally I am looking to wait another year or two before that happens because the BTC is just touching 12 k right now and it will take at least all of 2020 for it to go viral again with the price. Then the alt coin may also follow the trend and go crazy.
Bitcoin and altcoins have to go together for the time being but for now the dominance of Bitcoin is overwhelm all altcoins. I think it will take a long time before the altcoin season reappears. At the moment, investors are still not interested in this market and the large volatility is the main reason they are quite worried when investing. Now it is hard to predict what will happen next but I believe the market will return to 2017 again. 1 the altcoin market is NOT due to individual parties placing speculative bets on individual coins. If this were true, obscure coins would barely move.
2 Whales create and manipulate altcoin cycles for the sole purpose of accumulating more BTC
3 BTC is “too expensive”. They are more likely to buy into the narrative that something like $XRP, since it is under $1, is more likely to 100x their money than BTC.
4 Laws haven’t changed, exchanges haven’t changed their policies. OG crypto whales have the same goals - maximize profit.
Those reason prove that we have yet to hear a good reason why this altseason won’t repeat.
sc : https://threadreaderapp.com/thread/1151634270903029760.html
2 Whales create and manipulate altcoin cycles for the sole purpose of accumulating more BTC
3 BTC is “too expensive”. They are more likely to buy into the narrative that something like $XRP, since it is under $1, is more likely to 100x their money than BTC.
4 Laws haven’t changed, exchanges haven’t changed their policies. OG crypto whales have the same goals - maximize profit.
Those reason prove that we have yet to hear a good reason why this altseason won’t repeat.
sc : https://threadreaderapp.com/thread/1151634270903029760.html
i agree with that
very good summarize
i only think that it will take a little long because people are greedy and too optimistic despite the long bear market
1 the altcoin market is NOT due to individual parties placing speculative bets on individual coins. If this were true, obscure coins would barely move.
2 Whales create and manipulate altcoin cycles for the sole purpose of accumulating more BTC
3 BTC is “too expensive”. They are more likely to buy into the narrative that something like $XRP, since it is under $1, is more likely to 100x their money than BTC.
4 Laws haven’t changed, exchanges haven’t changed their policies. OG crypto whales have the same goals - maximize profit.
Those reason prove that we have yet to hear a good reason why this altseason won’t repeat.
sc : https://threadreaderapp.com/thread/1151634270903029760.html
2 Whales create and manipulate altcoin cycles for the sole purpose of accumulating more BTC
3 BTC is “too expensive”. They are more likely to buy into the narrative that something like $XRP, since it is under $1, is more likely to 100x their money than BTC.
4 Laws haven’t changed, exchanges haven’t changed their policies. OG crypto whales have the same goals - maximize profit.
Those reason prove that we have yet to hear a good reason why this altseason won’t repeat.
sc : https://threadreaderapp.com/thread/1151634270903029760.html
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, altcoins dont have much room to go down as you can see
so if bitcoin goes up they go together with him in correlation to USD, then the profits from Bitcoin will flow into altcoins again
yes there is a correlation
The higher BTC prices will not be good for the altcoins considering the previous market patterns in the past charts, the long time frames have a correlation between the altcoins and Bitcoin. The $20000 BTC price will be the reason why altcoins start to bleed. I hope the market will go up together and the BTC dominance will fall under 50%.
can occur if bitcoin experiences multiple sideways that occur spontaneously. btc will also not soar high in a straight line on the daily chart, altcoin will still have time to take positions. typical of seasonal investors always looking for alternatives to bitcoin when dominance is above average, and there is always more potential news about alt than btc on social media at the same time. 
Atl coin will recover once we have the BTC recover itself. Personally I am looking to wait another year or two before that happens because the BTC is just touching 12 k right now and it will take at least all of 2020 for it to go viral again with the price. Then the alt coin may also follow the trend and go crazy.
Bitcoin's dominance is very high and if Bitcoin starts to rise to $20k, the dominance will increase even more, so it is unlikely that alts will start to grow very much up and go crazy
That was not the case last December 2017, btc had its ATH that time but altcoins followed and they even are more profitable than bitcoin. If the same trend will happen, we will see bitcoin dominance to decrease and altcoins to increase.
I would rather see that because it give balance growth to the market, if bitcoin dominance keep growing, altcoins will die and I don't think it would happen because altcoins also have a future, its part of the market and they are currently oversold, therefore my prediction would be an increase of altcoins will result to bitcoin's dominance.
this has two possibilities, if bitcoin has an even greater dominant as it did this year, the altcoin will be increasingly dim, or altcoin will offset for bitcoin in the dominant case, and has a high price.
That was not the case last December 2017, btc had its ATH that time but altcoins followed and they even are more profitable than bitcoin.
If the same trend will happen, we will see bitcoin dominance to decrease and altcoins to increase.
I would rather see that because it give balance growth to the market, if bitcoin dominance keep growing, altcoins will die and I don't think it would happen because altcoins also have a future, its part of the market and they are currently oversold, therefore my prediction would be an increase of altcoins will result to bitcoin's dominance.
I totally agree on this statement, cause BTC can stand alone unlike ALTS, alts still depend on BTC I mean like all of them so basically, having a lot of altcoins will give a lot of options to traders and investors, yes, it is good though it will still affect the market, what I would like to see is balanced between them though it is really hard to gain that kind of momentum.
Bitcoin's dominance is very high and if Bitcoin starts to rise to $20k, the dominance will increase even more, so it is unlikely that alts will start to grow very much up and go crazy
That was not the case last December 2017, btc had its ATH that time but altcoins followed and they even are more profitable than bitcoin. If the same trend will happen, we will see bitcoin dominance to decrease and altcoins to increase.
I would rather see that because it give balance growth to the market, if bitcoin dominance keep growing, altcoins will die and I don't think it would happen because altcoins also have a future, its part of the market and they are currently oversold, therefore my prediction would be an increase of altcoins will result to bitcoin's dominance.
Bitcoin's dominance is very high and if Bitcoin starts to rise to $20k, the dominance will increase even more, so it is unlikely that alts will start to grow very much up and go crazy
Not really
I mean this phenomena might happen but it is not a "must" or a "confirm"
It really depends on how the market participants want the market to react
It might have a altcoin wave but only the legit one
I mean this phenomena might happen but it is not a "must" or a "confirm"
It really depends on how the market participants want the market to react
It might have a altcoin wave but only the legit one
altcoin will follow the movement of bitcoin, if bitcoin should altcoin become a boom, the dominance of bitcoin is already too high around 60% now, so if bitcoin hits $ 20k the dominance of bitcoin will go down the traders will play to altcoin. I think Altcoin and Bitcoin dominance should be 50%.
In 2019, we have not seen altcoins following the Bitcoin, due to Bitcoin dominance, most of the prices of the altcoins are decreasing in the market. Once the dominance of Bitcoin starts decreasing we might see that altcoins price starts recovering. Expecting so because once the price of Bitcoin reaches 20K we might see upward rend for the altcoins.
Of course no one knows what will happen next so don't lose faith in this market and I believe that 2020 will be a very important time for all coins.
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?
Everything is possible, but in my opinion if BTC would reach 20k USD per coin, altcoins will fall even deeper. When BTC rose from 3 to 10k USD, the dominance only increased and altcoins did not make even x2 science the beginning of 2019.
There is a direct relationship between BTC and Altcoin prices. Never expect that Altcoin prices will go up when BTC is in red, that's what have seen so far in decade long history of cryptocurrency.
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