How is it supposed to be alt coin season after bitcoin falls?

tygeade

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Quote from: yat97 on April 19, 2021, 10:44:11 PM

I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit. Even those coins whos projects have nothing to do with bitcoin like Vechain.

I really feel like we've hit the market cycle top earlier than expected tbh

That is not true, altcoins do crash with bitcoin but it is not all of them, most times it’s just a few of them that crashes and it is mostly from the top position and that’s why we never notice the smaller coins that are doing good, because when we see the top altcoins that are crashing we think it’s going to be the same for all the coins in the market, but the truth is that it is not like that. Bitcoin can crash on its own and altcoins will not be affected , the same way that you can see bitcoin increasing in price and there will be a lot of altcoins that are crashing in price. It goes a lot of ways, they can all go same direction, and they can also go the opposite..

kodtycoon

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In fact, when the bitcoin season ends, most of the altcoins will follow the downward trend, so it is possible that when the bitcoin trend falls the market turns red. Instead of making the altcoins increase but in reality not all altcoins get the same pump, so keep that in mind because not all altcoins have the same chance of going up.

Fesatmas

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Quote from: omone1 on April 25, 2021, 06:25:24 PM

Altcoins have been pumping. It all depends on the one you are holding. Most of my altcoin portfolio has done more than 10x. If you check the coinmarketcap, you will see many alt have pumped past their ATH. Whichever way, the market has performed very well.

when the altcoin have contributed well enough, then we will see the price for each altcoin break down and look forward to the moment the pump is made if bitcoin exceeds the ATH price again. then there's nothing wrong with moving part of the portfolio to altcoin, on a short-term note. because if Bearish comes it is likely that all prices will follow the bitcoin correction.

Kasabus

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Quote from: omone1 on April 25, 2021, 06:25:24 PM

Altcoins have been pumping. It all depends on the one you are holding. Most of my altcoin portfolio has done more than 10x. If you check the coinmarketcap, you will see many alt have pumped past their ATH. Whichever way, the market has performed very well.

Altcoins have been performing well in the market these days despite of bitcoin in a big correction. I did expect for altcoins season to happen this year but not as early as this year. Now, we can see altcoins are moving opposite from bitcoin just like doge coin which is currently at its high peak. I think altcoins these days have been creating good developments that made investors see how potential they are.

omone1

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Altcoins have been pumping. It all depends on the one you are holding. Most of my altcoin portfolio has done more than 10x. If you check the coinmarketcap, you will see many alt have pumped past their ATH. Whichever way, the market has performed very well.

Ridwan Fauzi

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Indeed, there will be many people who have perception that altcoin season will come when bitcoin bull run is over. Logically yes, because there will be many investor who will move their money from bitcoin to altcoin or at least when they sell bitcoin to take a profit. But, in this bull run event I see that there is no altcoin season. Most altcoin price will just follow bitcoin price movement, I mean when bitcoin was increasing then altcoin will do the same thing.

But, in the previous event (bull run) the scenario is bitcoin will increase a lot and most altcoin will dump. Because there will be many people who will just focus to invest their money in bitcoin. And when it is over or in some cases the altcoin season will come when bitcoin price is moving sideaway. The most altcoin investor will pump an altcoin when bitcoin just stuck in the certain price. This has happened in the bull run 2017 ago, but now it is not happened most altcoin price just follow bitcoin price movement.

Fesatmas

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Quote from: Naughty Princess on April 20, 2021, 08:26:51 PM

Market fluctuates and everything is affected. Bitcoin drops does not mean it will continue to drop and wont hike gain, when this happens, maybe crypto world will vanish. Maybe altcoin season will now get higher price for those potential coins because it is the opportunity to altcoin to gain more value while bitcoin is dropping. Take this time as an opportunity to buy bitcoin because this is always the best coin and even institutions investing on it.

It is true that if the portfolio calculation tends to be more heavily charged on alltcoin it will be very risky when the Bitcoin price enters a major correction zone. but there is nothing wrong too, when you want to allocate 1/4 of the total portfolio into altcoins, with the implementation of a temporary trading system and return to the bitcoin path after making a profit from selling altcoins.

dezoel

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I know that people are expecting an alt season but the reality is that as long as there is a crash going on, that will result with all of them going down all together and not just bitcoin. Right now alts are hanging by a slight thread and trying to hold on, but if bitcoin crashes under 40k that means everything will be lower as well we are not going to see alts going up in that case.

People hope that bitcoin would be better, people hope that they could see bitcoin at 40k while eth is 5k and bnb is 2k or something like that (numbers were made up) but the reality is that if we see bitcoin going down that much the same will happen to altcoins as well. Remember in 2018 the alt season was the start of the big bear run, bitcoin dropped first, then alts started to drop afterwards and we went down to insanely low levels, just hope that we won't have that again.

Silberman

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Quote from: pixie85 on April 20, 2021, 02:08:48 PM

Quote from: jackg on April 19, 2021, 10:54:10 PM

No one was saying we were at the top at $65k. It's always when the price drops a little people start to get a little agitated.

If this was the peak of the market cycle, very unlikely, then we're in luck as its one of the most stable peaks we've had! We haven't even broken out of the trend line we've made over the past months yet too so...

I think alts peaking after bitcoin peaking was merely speculation and might only have happened last time? There's potential some investors move away from bitcoin as it crashes as they're not as related to it anyway - different models and gaps they're trying to fill as you've said - and some investors might get distracted by other stuff as the price falls and panic invest into something else.

Yes last time there was an ICO boom that happened also at the time when bitcoin transaction cost skyrocketed so people begun to exit BTC that was at its peak and move some of the money to altcoins because they were cheaper to transact with.

At the same time we had all that drama with BCH being labeled as the new king and its price went crazy. Many people thought that Bitcoin was going to be dethroned and bought altcoins.

There's no rule that says rich bitcoin traders will move to altcoins when it peaks.

Most of the time when the price of altcoins goes up faster than the price of bitcoin does this is because retail investors have decided to buy altcoins, institutional investors and other whales do not really see the need to invest in those coins and even if they wanted to do it they cannot do so because they will be incurring a huge risk, if they were to invest in an altcoin with a low volume they will make it skyrocket buying way less of that coin in the process and when they wanted to sell they will crash the price so it does not makes sense for whales to buy altcoins at all.

Issa56

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From my experience am having I believe altcoin season might be near am not sure about it but anything can happen at anytime at any moment cryptocurrency can't be predicted, currently the dump happening to bitcoin I believe is just a sign of correction which I believe is normal bitcoin dump is really affecting other altcoins which is making them to dump more but I believe whenever bitcoin is stable definitely altcoins will definitely start moving gradually. If bitcoin did not dump more definitely I believe it might be altcoin season but if bitcoin continue to dump them I believe history is about to repeat itself.

imstillthebest

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they can say that because that is what they do .
they sell btc and embrace altcoins but they are wrong if they think that will work easily because they are not the only one that invest here and other investor has a different plan than them and they can sell both btc and altcoins resulted for the dump of this two coins .
they shouldnt predict if there will be alt season or not but it will be sure if they will wait for it to occur .

Febo

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Quote from: arwin100 on April 22, 2021, 07:15:00 AM

Quote from: Febo on April 22, 2021, 06:08:11 AM

Quote from: yat97 on April 19, 2021, 10:44:11 PM

I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit.

Alt season is already going on from start of this year. Alt season usually last few weeks up to few months longer then bitcoin bull market. It is expected to last for half more year. But who knows, bear market can start tomorrow.

We cannot tell when this season happen but it could start tomorrow or next following days but even if the market is now at unknown state still we should grab the opportunity if we can see some good movements especially with bitcoins. But if alts will start to move up after the bitcoin dumps well provably its good to accumulate the other top alts but also I will explore to the possibilities to grab some low cap tokens with good potential to see if I can get a profit with them.

What is unknown is what will happen tomorrow and in upcoming months. What happened in last half of year we know and that was a Bitcoin bull market and alt season.

From start of the year total marketcap of all coins went from $776 billion to $1.8 trillion. So it more then doubled. In same time price of Bitcoin increased about 10%.

Alert31

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Quote from: Vishnu.Reang on April 20, 2021, 06:55:36 AM

Some of the altcoin addicts have this false belief that altcoin will gain in case Bitcoin goes down. Let me tell you, that is completely wrong. Many of the altcoins have no real usage of their own and even those with real life usage are getting pumped up only because of Bitcoin. If Bitcoin goes down, then altcoins will go down even more. Look at what happened in 2014/15 and 2018. Back in 2018, Bitcoin declined by as much as 80%-85%. And at the same time, many of the altcoins decreased by anywhere from 95% to 99%. The percentage drop will be always greater for alts in case of a correction.

Yeah, because Bitcoin is the leader of all digital currency, of course altcoin as bitcoin subordinate will always next. But, look at Ethereum, it was still in a higher value despite of bitcoins dump and another good thing that Ethereum gas fee is also getting lower. It seems that altcoin always rely on bitcoin, maybe because the investors of bitcoin is also the investors of altcoin. I know people in crypto world doesn't focus only on bitcoin alone because they also saw some altcoins has a capability to give huge profit to them.

pinggoki

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Quote from: yat97 on April 19, 2021, 10:44:11 PM

I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit. Even those coins whos projects have nothing to do with bitcoin like Vechain.

I really feel like we've hit the market cycle top earlier than expected tbh

How can we say that after the bitcoin season will be follow by the altcoin season in which we clearly see the market that yes the bitcoin is slowly falling but still the altcoin is following the path of bitcoin. I don't understand why people still saying that this is the time of the altcoin even though they are seeing the sudden fall of the altcoins in which it includes the whole market. We see that on the past few years, whenever the season of bitcoin is already done the altcoin will rise but look at now, the altcoin is dumping also. Is this really the season foe altcoin?

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Quote from: The Sceptical Chymist on April 22, 2021, 09:28:02 AM

This "alt season" shit used to drive me nuts last year when I was browsing the altcoin sections (before I put them all on ignore). There were so many threads about "when altcoin season starts?"

Altcoin season may be real. But far too many expect all the useless scam shitcoins and dead projects come back to life because of this; too many hope that their worthless bags of coins will worth something again. And that's why they all hope and ask "when". Too many don't understand that with so many altcoins and new ones still coming out, altcoin season means every "season" something else.

Princejebs

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Quote from: yat97 on April 19, 2021, 10:44:11 PM

I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit. Even those coins whos projects have nothing to do with bitcoin like Vechain.

I really feel like we've hit the market cycle top earlier than expected tbh

How were you able to conclude that the top is in? Many analysts said the same when bitcoin was around $40k until Elon musk step in by surprise. Don't be astonish when another billionaire step in anonymously.
Altcoins tend to recover very fast when bitcoin fall and during Altcoins season, bitcoin tend to consolidate for weeks before stepping into another trend. Remember, the trend is your friend but during Altcoins season, bags as many Altcoins gems you can lay your hands on. The ride is swear with taking off profits.

tbterryboy

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Quote from: yat97 on April 19, 2021, 10:44:11 PM

I hear everyone talking about how it's going to be alt coin season when bitcoin season is over. But how? Whenever bitcoin falls, for some whack reason alt coins follow suit. Even those coins whos projects have nothing to do with bitcoin like Vechain.

I really feel like we've hit the market cycle top earlier than expected tbh

Yes, something like that is very possible. It’s not every coins that will go down with bitcoin if it should go down, there are also coins that are going to keep growing and this will even be the time they will reach their ATH price.

You can see litecoin as an example, although litecoin do follow bitcoin to an extent, but there is always that difference there. When bitcoin was having a huge pump, litecoin was moving slowly, but since became kind of stable and dropped from it’s ATH price, litecoin has been moving up quickly. And if you check the history, things like this has also happened.

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Quote from: bosede1 on April 22, 2021, 09:04:18 AM

We have had this experience in time past after experiencing dump with bitcoin, we see altcoin gradually the following suit even ethereum likewise the increase in bitcoin price affecting the price upwards so this probably what brought about this saying but there has been a scenario where bitcoin increase was inversely proportional to altcoins.

That is the thing, some people think that bitcoin going up means alts going down, some think bitcoin going up means alts going up as well, some believe bitcoin going down means alt will go down, some think bitcoin going down means alts will go up. We do not have an exact reason why one goes up and why it goes down, we just guess.

I believe while bitcoin goes up, others go up as well in fiat, which means how much dollars a coin worths depends on bitcoin going up or down, whereas I think when bitcoin goes up, most alts go down in bitcoin, as in how much bitcoin an altcoin worths but overall even if it drops in bitcoin value, because bitcoin increases in dollar, that coin will go up in dollar as well. This is why there is nothing to worry, alts are usually fine because they go up in bitcoin value or they go up in dollar value both of which works for me.

The Sceptical Chymist

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This "alt season" shit used to drive me nuts last year when I was browsing the altcoin sections (before I put them all on ignore). There were so many threads about "when altcoin season starts?" or the like, and IMO it was just a stupid two-word phrase that everyone kept repeating like parrots.

There's no altcoin/bitcoin seasons that I know of. Sometimes bitcoin lifts up altcoins when its price goes up, but sometimes they're not correlated at all. Right now I'd say bitcoin and altcoins are more or less moving together, so there's probably a lot of money being spread out across the entire crypto market by speculators. Some alts have gone up by crazy multiples (like doge), and it just makes me scratch my head.

In any case, if anyone is wondering about when this so-called altcoin season is going to start....it's already begun as far as I can see.

NeuroticFish

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Quote from: arwin100 on April 22, 2021, 07:15:00 AM

We cannot tell when this season happen but it could start tomorrow or next following days but even if the market is now at unknown state

Altcoin season usually starts after Bitcoin investors are on profit. And that's already done.
So I also agree that the altcoin season may have been already in progress. The proper, solid, valuable altcoins did increase in valuation.
There also was the DeFi craze, there's also the NFT craze, what else you expect? Not all shitcoins will rise.
If you look at charts for last couple of months for Ethereum, Monero, Litecoin and many others, you'll see that the market is far from "unknown state".

Topic: How is it supposed to be alt coin season after bitcoin falls? (Read 386 times)