ANALYST: ALTCOIN SEASON has almost arrived

BartS

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Quote from: superving on November 19, 2019, 07:14:36 AM

I believe that bull run and alt seasons will happen next year. Dont expect too much on crypto this year rather buy your favorite coins while the market is experiencing downside.

This year despite the current trend was positive for the market, 2018 was a terrible year and many thought we will never recover from it, but during this year we saw bitcoin and many altcoins reaching very high prices.

But since then the price has gone down, but there is no need to be afraid during the next year we will experiment the halving and in the case that is not enough to push the price of bitcoin up we can still take advantage of its low price and buy it and wait until the price recovers again.

Ziskinberg

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Quote from: bustedsynx on November 20, 2019, 02:13:53 PM

I think I said this before. Altcoin season will not come unless Bitcoin is clearly in a bull market. Most people are afraid all coins will just die.

Right now, it's what's going on their mind because they felt the current situation but I know it will change as the market changes too.

Quote from: bustedsynx on November 20, 2019, 02:13:53 PM

They don't really believe in crypto. Even Bitcoin maximalists fuds altcoins saying all altcoins will die.

This is wrong, if they don't believe in crypto, they also don't believe in bitcoin, but its not what I am seeing, what I see is that people believe more on BTC than the combine altcoins as we can see on the dominant rate of BTC.

When in altcoins season, people will say - Altcoins will moon.
When in bear market, people will say - Altcoins will die,...

see the pattern?

bustedsynx

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I think I said this before. Altcoin season will not come unless Bitcoin is clearly in a bull market. Most people are afraid all coins will just die. They don't really believe in crypto. Even Bitcoin maximalists fuds altcoins saying all altcoins will die.

Kersh768

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Not yet still, in my opinion. Indeed we would see some increase when it comes to their market prices but I highly doubt that those changes would be enough to conclude that the uprise for Altcoins has already started. We should be patient still and avoid making absurd assumptions because it might bring danger to other people by encouraging them to invest as this early and regret it eventually.

longyenthanh

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Quote from: Angrydwarfs on November 20, 2019, 02:33:03 AM

Many people here buy coins because "its 10x since its ath". You buy a coin because is has utility and adoption (or starting to). Coins like neo,nem, maidsafe, xrp will slowly die over time, their prices are already dropping hard over the past year.

Prices were falling because people who had no idea about cryptocurrencies bought them, pumped prices and created a huge bubble. The real price is created by people who use cryptocurrencies. Their number is increasing every year and prices will also rise naturally. There is a place on the market for many cryptocurrencies so I'm sure that the ones you mentioned will rebuild their value with time.

Angrydwarfs

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Many people here buy coins because "its 10x since its ath". You buy a coin because is has utility and adoption (or starting to). Coins like neo,nem, maidsafe, xrp will slowly die over time, their prices are already dropping hard over the past year.

leea-1334

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Quote from: Psynthax on November 19, 2019, 05:47:57 PM

I believe altcoin can but the fact that altcoin needs more and more support not only from the adoption but the fundamental too. We know that the demand gets centralized to the bitcoin and that makes altcoin feels so difficult to grow. Altcoin needs to leave the domination from bitcoin. Some altcoin can increase to the moon too.

Forget about adoption,,, altcoins just basically need to have bigger communities of serious users who together want to send it to each other, accept it as payment and actually make it a coin that can be used as currency. Yes currency, like Monero that at least has marketplaces to sue them. Not utility tokens,,, that people maybe maximum need one time every few months (file storage or whatever).

Natalim

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Quote from: Dragonrage201 on November 19, 2019, 11:18:13 PM

Other than some top ranked altcoins that are somewhat up, most others are still near their yearly lows. It will take a while before we see another alt season like 2017.

Which we really don't know when, being patient is highly required if you are an altcoin investors as being an investor our investment already suffered a lot.
Even if we have invested in major coins, they are also affected but I'm telling you, they are very cheap now and I think sooner they will rise because the bottomed was already hit, and slowly we might see some recovery leading to a major recovery of altcoins.

Don't know when the altcoins season will arrive but just like the old days, HODL and we shall be fine.

Dragonrage201

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Other than some top ranked altcoins that are somewhat up, most others are still near their yearly lows. It will take a while before we see another alt season like 2017.

Psynthax

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Quote from: ?? on ??

Everyone hopes altcoin can come back in a positive trend but I think it will happen when bitcoin is half a day running so that with the rise of bitcoin it will definitely be able to make altcoin also increase later, but it's certainly not easy to predict what will happen to digital currencies in the future. Me, you and all of us will hope for the best.

I believe altcoin can but the fact that altcoin needs more and more support not only from the adoption but the fundamental too. We know that the demand gets centralized to the bitcoin and that makes altcoin feels so difficult to grow. Altcoin needs to leave the domination from bitcoin. Some altcoin can increase to the moon too.

Mammothcoin

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Analysts have been speculating the arrival of the auction season using a potential drop in bitcoin dominance as an indicator. Although alts aren't doing badly, I don't think the altcoin season will be anytime soon.

superving

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I believe that bull run and alt seasons will happen next year. Dont expect too much on crypto this year rather buy your favorite coins while the market is experiencing downside.

naikturun

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That's only the prediction is not completely correct, you do not believe it too much because they are only speculated, it could be too.
Decide wisely before you follow them because no one will be responsible for the predictions.

Sonu_titu

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Check this out market is completely bearish:
https://cointelegraph.com/news/willy-woo-8k-bearish-bitcoin-price-in-unique-setup-before-halving

SquallLeonhart

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Quote from: coin_1122 on November 15, 2019, 11:38:41 PM

even I tried to analyze many times about the technical and charts but never worked, so here in cryptocurrency, we should always follow the market in order to make a profit, here at cryptocurrency trading most of the cases we are seeing the manipulation of the altcoins. That's why it is always good to wait for some time in order to make a decent profit.

I think that the only time technical analysis works is when you are using it to predict the value of bitcoin on a short term prediction and not on a long term prediction and I think that the highest time that technical analysis can work for bitcoin prediction is a day and anything that is more than a day will be based on fundamental.

You might be using analysis to predict future price of bitcoin now, and you will see one fundamental factor that will just change the whole thing which will make it look like those analysis where never working, so because of factor that we have which are still very much responsible for the movement of bitcoin sometimes, it will be very hard to be able to use technical analysis successfully to be able to predict the value of bitcoin accurately.

BartS

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Quote from: alan2here on November 16, 2019, 05:01:10 AM

Quote from: seleme on November 15, 2019, 10:01:34 AM

Quote from: ?? on ??

Everyone hopes altcoin can come back in a positive trend but I think it will happen when bitcoin is half a day running so that with the rise of bitcoin it will definitely be able to make altcoin also increase later, but it's certainly not easy to predict what will happen to digital currencies in the future. Me, you and all of us will hope for the best.

I am not 100% sure what will happen to the altcoin prices if BTC touches again the $20000. The personal predictions are based on the trader's experience and the market understanding but the reality is not close to these two factors. The long way is expected to reach the perfect balance of Altcoin vs Bitcoin, useless altcoins will be erased from the total market cap, survivors will compete with each other.

This year we are witnessing the purification of this market and up to 80% of altcoins have disappeared from crypto so I believe that only the altcoins trusted by investors can survive until this point. Maybe the altcoin season has not appeared this year but this is a great opportunity for people to invest in good altcoins because maybe next year will be a new era of crypto market.

Everything will be very promising and Bitcoin will soon reach a new high price soon and make this market more bustling like 2017. Of course this is just my little prediction but if that happens then Everyone will make a high profit.

I do not get where you got those numbers, there are more than 6000 coins still in the market and that number does not count all the coins that exist but are not included by any exchange.

Believe me I would like for a great deal of the coins currently in the market to just disappear since the only thing they are doing is to affect the reputation of bitcoin, but as long as some investors are willing to take the risk with such awful coins then they have the right to remain in the market.

alan2here

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Quote from: seleme on November 15, 2019, 10:01:34 AM

Quote from: ?? on ??

Everyone hopes altcoin can come back in a positive trend but I think it will happen when bitcoin is half a day running so that with the rise of bitcoin it will definitely be able to make altcoin also increase later, but it's certainly not easy to predict what will happen to digital currencies in the future. Me, you and all of us will hope for the best.

I am not 100% sure what will happen to the altcoin prices if BTC touches again the $20000. The personal predictions are based on the trader's experience and the market understanding but the reality is not close to these two factors. The long way is expected to reach the perfect balance of Altcoin vs Bitcoin, useless altcoins will be erased from the total market cap, survivors will compete with each other.

This year we are witnessing the purification of this market and up to 80% of altcoins have disappeared from crypto so I believe that only the altcoins trusted by investors can survive until this point. Maybe the altcoin season has not appeared this year but this is a great opportunity for people to invest in good altcoins because maybe next year will be a new era of crypto market.

Everything will be very promising and Bitcoin will soon reach a new high price soon and make this market more bustling like 2017. Of course this is just my little prediction but if that happens then Everyone will make a high profit.

coin_1122

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Quote from: yurez on November 10, 2019, 09:36:40 AM

Quote from: conex on October 25, 2019, 09:49:04 AM

Again? Market's in upward trend this year but who to believe and what would you consider as a proved indicator?

https://beincrypto.com/altseason-has-almost-arrived-for-altcoins-according-to-analyst/?utm_source=reddit&utm_medium=social&utm_campaign=cryptocurrency&utm_content=ff

I see on the chart that the altcoin season will begin no earlier than February 2020. The problem is that technical analysis does not work in the cryptocurrency market, since it has a high percentage of manipulations.

Exactly, even I tried to analyze many times about the technical and charts but never worked, so here in cryptocurrency, we should always follow the market in order to make a profit, here at cryptocurrency trading most of the cases we are seeing the manipulation of the altcoins. That's why it is always good to wait for some time in order to make a decent profit.

calandra78

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Quote from: Pelunize12 on November 15, 2019, 10:06:15 PM

Bitcoin and altcoin have high correlation between them, many studies have proved that
that's why he said that bitcoin rising then altcoin will follow
Altcoin Prices Have Never Been More Closely Correlated with Bitcoin

it's actually due to the influence of bitcoin on the market. there is no special effect on altcoin but bitcoin price movements affect market conditions which make the effect of movements of altcoin prices as well.

there are some effects of the bitcoin movement, if bitcoin moves stably with the pump not too high and happens gradually it is a movement that allows altcoin to also participate in the pump that occurs. but if the increase that occurs in bitcoin is too high and very fast as it did in the middle of this year, the movement and trade between bitcoin and altcoin is not balanced. bitcoin demand will be higher and altcoin will decrease or move slowly not following the pump from bitcoin.

Pelunize12

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Quote from: seleme on November 15, 2019, 10:01:34 AM

Quote from: ?? on ??

Everyone hopes altcoin can come back in a positive trend but I think it will happen when bitcoin is half a day running so that with the rise of bitcoin it will definitely be able to make altcoin also increase later, but it's certainly not easy to predict what will happen to digital currencies in the future. Me, you and all of us will hope for the best.

I am not 100% sure what will happen to the altcoin prices if BTC touches again the $20000. The personal predictions are based on the trader's experience and the market understanding but the reality is not close to these two factors. The long way is expected to reach the perfect balance of Altcoin vs Bitcoin, useless altcoins will be erased from the total market cap, survivors will compete with each other.

Bitcoin and altcoin have high correlation between them, many studies have proved that
that's why he said that bitcoin rising then altcoin will follow
Altcoin Prices Have Never Been More Closely Correlated with Bitcoin

Topic: ANALYST: ALTCOIN SEASON has almost arrived (Read 881 times)