Has alt season started? - page 11. | Bitcointalksearch.org

lobat999

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Quote from: SheriffEl on October 25, 2019, 05:31:12 AM

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

I think the best indicator for an alt season is that we will see Bitcoin's dominance index go more or less at 30 percent at Coinmarketcap data just like what happened on the last bull run of 2017.

Unfortunately, Bitcoin's dominance to date as per Coinmarketcap's data is now hovering at 65 percent thus any altcoin season idea right now is simply unrealistic. Imho.

Wexnident

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I don't think so? The fact that BTC crashed shows that the eyes of the market is on it. And besides, the third halving is just around the corner. BTC will only attract more and more attention as the time between now and the halving shortens so I don't really think altcoin has a chance to squeeze itself in. Besides, its not only BTC that decreased in price, iirc, all famous altcoins had some losses in the market.

Casdinyard

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Quote from: SheriffEl on October 25, 2019, 05:31:12 AM

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

I don't know what you see for saying that. The cards are turning their fate with altcoin since last year and whatever hype they did can't closely affect the price.

All I know that only bitcoin season will bloom this year. Don't be fooled by small increase, all is usual.

Lucius

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Quote from: SheriffEl on October 25, 2019, 06:24:07 AM

Well, I also believe that Libra will affect them positively? what do you think?

Libra is something that doesn't matter at all when it comes to Bitcoin or altcoins, and, as things stand, there is a good chance that the project will not be realized at all. Just google by keyword "Libra" and you will see that actually the whole world is against this idea. Even if the whole project starts, it would not be useful for cryptocurrency in general - ask yourself why would anyone use Bitcoin or any altcoin if Libra is the ultimate crypto solution?

I personally don't see the benefits of investing in any altcoin, especially in the long run - so I advise you to look at the Bitcoin chart and statistics which is showing ROI (Return on Investment) from 2013 until today is 5,544.73%.

Bttzed03

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From where we are now, there is no more altcoin season. It's "altcoin waiting for bitcoin" season.

mk4

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Answer: No. You're going to need a lot more upside from here to be able to call it an "alt season". ..assuming we're going to get another one lol

SheriffEl

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Quote from: Lucius on October 25, 2019, 05:45:41 AM

I personally do not see any alt season starts, maybe only if you think of the season of total discounts caused by the BTC price drop? If you have good feeling about some coin and you have extra money to spend it's your decision whether or not to invest in something.

I would be very careful in your place, altcoins have been performing very poorly since the beginning of 2018, and they no longer follow the price of Bitcoin to the extent that was case before. Your money, your risk, no one at this point can say you are wrong or right.

Well, I also believe that Libra will affect them positively? what do you think?

ivakar

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Quote from: SheriffEl on October 25, 2019, 05:31:12 AM

Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

look, I'm afraid alts are dead and they will be dead for a very long time, there are no money resources to resurrect them Sad

and I doubt that folks will start to sell bitcoin and buy some alts.. no, I think everyone should the opposite - sell alts and buy btc while the price is attractive

Lucius

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I personally do not see any alt season starts, maybe only if you think of the season of total discounts caused by the BTC price drop? If you have good feeling about some coin and you have extra money to spend it's your decision whether or not to invest in something.

I would be very careful in your place, altcoins have been performing very poorly since the beginning of 2018, and they no longer follow the price of Bitcoin to the extent that was case before. Your money, your risk, no one at this point can say you are wrong or right.

SheriffEl

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Do you believe that it has started? I have a good feeling that I should buy them before winter. Prove me wrong.

Topic: Has alt season started? - page 11. (Read 1310 times)