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Topic: Altcoins to go crazy again once Bitcoin reaches 20k? - page 9. (Read 3403 times)

sr. member
Activity: 1666
Merit: 276
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I think the altcoin season is starting up now. Decred just went from $13 to $23 in a matter of days, that's almost 100% profit. Slowly but surely altcoins will be popping up left and right and you  will be frustrated on what to buy.
There will be big confusion among the investors on the selection of altcoins. Very few altcoins in the market have shown good growth in price over the days. To what extent this gonna get continued is unpredictable. Previously this kind of of growth happened with Binance coin when the price of bitcoin was found much low than the present price. By that time Binance even marked its ath providing the best return for the investors. Slowly and surely there is more growth incoming over the days when bitcoin begins to cross barriers $10000, $15000 and continue to it's new ath.
hero member
Activity: 2982
Merit: 610
Generally, with the more money coming into the crypto market cap through Bitcoin, the prices of all of the alts will follow. However, with the amount of coins coming out these days, you can't really guarantee that to be true for every coin. I think as time goes on, you'll see more Bitcoin dominance during the bull runs than you do with altcoins for this reason. However, the top 10 coins or so on coinmarketcap should all be relatively safe investments.
What more it could increase? if it will still increase, it will be another long struggle by the altcoins..

Bitcoin at the current dominant rate of 65% is already huge as it beats thousands of altcoins in the market.
Well, its expected that when there is a bull run, the first reaction of the people is they will invest with bitcoin then eventually they will also start investing in altcoins.
legendary
Activity: 1568
Merit: 1041
1GhxHtabWhEpdb7e7oEJ2vd542n33BwTHR
Generally, with the more money coming into the crypto market cap through Bitcoin, the prices of all of the alts will follow. However, with the amount of coins coming out these days, you can't really guarantee that to be true for every coin. I think as time goes on, you'll see more Bitcoin dominance during the bull runs than you do with altcoins for this reason. However, the top 10 coins or so on coinmarketcap should all be relatively safe investments.
hero member
Activity: 1092
Merit: 501
I think the altcoin season is starting up now. Decred just went from $13 to $23 in a matter of days, that's almost 100% profit. Slowly but surely altcoins will be popping up left and right and you  will be frustrated on what to buy.
A coin or two going up does not really mean anything, we see that in the market all the time an altcoin season is when a significant number of the altcoins begin to go up in a fast way, so far that is not what we are seeing, the market is not growing and it keeps showing a negative tendency and if the price of bitcoin begins to go down then the possibilities to see an altcoin season during the rest of the year will be very low, personally I already gave up on an altcoin season for this year and I am hoping next year will be the year in which we will see it.
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
I think the altcoin season is starting up now. Decred just went from $13 to $23 in a matter of days, that's almost 100% profit. Slowly but surely altcoins will be popping up left and right and you  will be frustrated on what to buy.
legendary
Activity: 3080
Merit: 1292
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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?
I always think of this scenario, the last bull run is still fresh in my mind and I was thinking that if BTC will have a new ATH, altcoins will start to rally and then the FOMO will come so more like the increase will increase more, but then again we need to do the right thing this time if ever this happens because its possible that after the bull run, a long correction might take place again and we will experience a long bear market like what we experience now.
hero member
Activity: 2338
Merit: 953
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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?

It's possible, but it won't be the same as 2017. Only a few altcoins will follow the bitcoin uptrend. when bitcoin is pumped later, altcoin will slowly rise. but for altcoin shit, I think it will still be dumped, even though the market is bull run. no need to wait until 20K, to see the market bull run. Because before the BTC reached 20k the market had started to run bull, I'm sure of it.

There is correlation in the long term for sure,,, Bitcoin prices in 12 months goes up, so do altcoins, Bitcoin prices in 12 months do down, so do altcoins. The only difference is in the magnitude. Bitcoin x2, altcoins can x20. Not this year though. Bitcoin did x3 and most alts could only do x2.

But on a much smaller timeframe,,, like the past week, altcoins enjoy up when Bitcoin is down. Typical end of year?
sr. member
Activity: 1540
Merit: 255
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.
sr. member
Activity: 1092
Merit: 255
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%.
sr. member
Activity: 658
Merit: 251

I think each altcoin has each different season and doesn't have to wait for bitcoin price go high. Just like what happened to Dx Chain lately, the price boosted like 10 times from it's price a month ago which is really crazy in this current market condition. So i took a conclusion that altcoin has each different season, when it's up and it will up.
you take decision based on wrong data, if you just take from 1-10 coins, you wont find the correlation between bitcoin and altcoin
we have to see most of altcoin, which can be sample in population
then you will know the correlation between them
legendary
Activity: 1568
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Yes, but it won't happen all at once. More than likely what's going to happen is people are going to be buying Bitcoin and trading that Bitcoin for alts all during the run up to 20k. So, we'll be seeing prices go up right along with Bitcoin. Not just when Bitcoin hits $20k. The reason for it is that people trade their Bitcoin holdings for other alts. Increase the marketcap of Bitcoin and you increase the crypto marketcap as a whole.
sr. member
Activity: 938
Merit: 256
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, that is what is the prediction right now because the past records speak so. But, this market is volatile and unpredictable. Do not blindly go with anyone's prediction but, if you really feel so then you invest. Apply your strategy and trust on your analysis.

I think each altcoin has each different season and doesn't have to wait for bitcoin price go high. Just like what happened to Dx Chain lately, the price boosted like 10 times from it's price a month ago which is really crazy in this current market condition. So i took a conclusion that altcoin has each different season, when it's up and it will up.
member
Activity: 136
Merit: 39
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, that is what is the prediction right now because the past records speak so. But, this market is volatile and unpredictable. Do not blindly go with anyone's prediction but, if you really feel so then you invest. Apply your strategy and trust on your analysis.
member
Activity: 882
Merit: 11
Volare.network
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?

It's possible, but it won't be the same as 2017. Only a few altcoins will follow the bitcoin uptrend. when bitcoin is pumped later, altcoin will slowly rise. but for altcoin shit, I think it will still be dumped, even though the market is bull run. no need to wait until 20K, to see the market bull run. Because before the BTC reached 20k the market had started to run bull, I'm sure of it.
hero member
Activity: 3024
Merit: 745
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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.
I've also noticed that but you can't also ignore the fact that many altcoins like ethereum moved up from the bottom. Just like on how we saw it when it's $79 and then moved up to a better price. Not all of them didn't make a x2 but there were coins that actually increased more than twice.
As of now, Eth made more than a x2.
copper member
Activity: 490
Merit: 2
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.
member
Activity: 574
Merit: 25
Does not rule out the possibility if bitcoin will rise to the high price level then alcoin will also follow the price increase because it is likely that all fiat currencies will flow evenly to all altcoins on the exchange market, but usually this happens due to a wave of adoption in cryptocurrency and usually increases altcoin will occur if there are a lot of altcoin/Btc pair sales, and this causes money to flow to Altcoins through BTC sales, resulting in a significant altcoin increase along with btc.
hero member
Activity: 1092
Merit: 501
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, I read a lot of analytics on the neironix.io and there people write that now altcoins are greatly oversold, especially in relation to bitcoin, so I think that it’s real, when bitcoin grows to 20,000, the transition from bitcoin to top altcoins will begin and then we will see a new season of altcoins.
Even if I agree that altcoins are oversold we must be careful, remember that the markets are driven by the emotions of traders so there is a tendency for the markets to be irrational, just because altcoins are oversold it does not mean we will see them going up soon, if anything investors could panic and drive their prices even lower, instead of looking at the market sentiment just look at what the price is doing and when altcoins recover some of their losses then you can invest in them.
sr. member
Activity: 1974
Merit: 450
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?
the dependence of altcoin on bitcoin is huge, so I will not hesitate because the most important point here is that the price of bitcoin can reach the highest price to make altcoin go crazy, 20k is even more than enough
most likely we will see the price of the pump altcoin with the price of bitcoin. we know that the high price of bitcoin will have an effect on certain coins. although not 100%, there will be altcoins affected because of the increase, especially top altcoin. Moreover, when the price of Ethereum is also affected, I think that all altcoins that have a platform from ethereum that are still being developed will get a big effect. Even in July 2019 when the price of bitcoin rose at its highest price this year, the price of ethereum also reached a price of $ 350, and made other altcoin prices rise.
legendary
Activity: 2100
Merit: 1058
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.
We may think that it will be far based on the lingered expectation that we have had and may really not be far, anything could arrive now to surge the value of bitcoin as it happened in April this year will surge the value from something around $4k plus to over $13800 or have we forgotten that bitcoin once reached $13800 within a very short space of time?

The only thing that is making me skeptical about us growing further if we reach that $20k is because I feel that many people would want to pull out their investment and thereby making the value of bitcoin to crash again, and this will surely come from those people that has had investment tied down in the last bitcoin investment they did in year 2017 during the last all time high which they are waiting eagerly to pull out.
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