Topic: if btc is in a bear market, can some alts still moon ? - page 3. (Read 595 times)
So basically answer is to buy coins with fundamental that people still use during bear market ?
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
May be or maybe not . But I think if bitcoin market will turn into bearish market then all altcoins depending on bitcoin can also turn into bearish. But some projects aslo bumping but not sure to say which coins. any example
For altcoins it is very important to have a developed ecosystem. Altcoin must have a lot of users and a big community.
It must be simple to buy and sell altcoin and it must have a good liquidity.
It is very good that there are services like https://www.koinal.io/ that allows to quickly and simple to buy altcoin by bank card.
The more simple to buy and sell altcoin more users it has.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
I think it would be too far to compare the bear market in early 2018 with the bullish market at the beginning of this year, because every condition and situation will always be different, even the changes that occur in the market can be very different. any example
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
May be or maybe not . But I think if bitcoin market will turn into bearish market then all altcoins depending on bitcoin can also turn into bearish. But some projects aslo bumping but not sure to say which coins. any example
I can say that if tesla is wanna get more and more bitcoin to be stored for the long term investment.
The FOMO for bitcoin will be a real thing for sure. The bearish already gone.
when the price of bitcoin dropped in 2018, some coins had reached their new ATH, if I'm not mistaken, BNB did. besides that, several other altcoins must have reached their new ATH during such difficult times. however, it all depends on the quality of the ongoing project. if they develop a truly useful and necessary project, then the price will inevitably go up. especially when the coin is listed in a big market like BNB.
The correction plushes the funds going to altcoins which I think prices of altcoin increased a bit now while BTC dips.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
any example
We will have to see, bitcoin's narrative has change now, and so is the altcoin market. So we can't really compare what had happened after Bitcoin's bubble burst resulting to altcoin market entering the bull run. Currently, we have seen altcoin as well having a good and super fast rally like Bitcoin.
So we can't really say for certain as this point, until we cross the bridge, the top altcoins have been enjoying, going to the moon, establishing a new all time high this 2020.
Those who experience the bullmarket last 2017-2018 will able to share their experience.
I also experienced it, but I believe this time is already different now. There are still a lot of people saying "altcoin season" but do we already experience it? Or still nah?
Maybe some people still don't appreciate the recent pumps of altcoins, the only difference from 2018 is on 2018, random altcoins pumps, most of them are shitcoins.
But these days, seems only a few altcoins do.
Another thing to look at is the Bitcoin dominance, this is one of the best tools to use for identifying altcoins increase in market cap.
I also experienced it, but I believe this time is already different now. There are still a lot of people saying "altcoin season" but do we already experience it? Or still nah?
Maybe some people still don't appreciate the recent pumps of altcoins, the only difference from 2018 is on 2018, random altcoins pumps, most of them are shitcoins.
But these days, seems only a few altcoins do.
Another thing to look at is the Bitcoin dominance, this is one of the best tools to use for identifying altcoins increase in market cap.
Although, it is a known fact that Bitcoin is the direct or indirect referred point of all coinage as blockchain and cryptocurrency is concerned but then they are individual projects and their use cases as well. Whenever they sign a partnership, it affects positively, the price whether bitcoin is bullish or bearish.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
IIRC, even though bitcoin went through a bear market on that year, there were some altcoins that didn't go full bear by that time. But if you're asking for that specific answer, you should use your own time finding it.any example
But if what you mean if the same might happen, yes, possible after this bull run.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
Your first premise is completely wrong, bitcoin is not in a bear market, at the moment it is just moving sideways which means we are in a period of accumulation in preparation for another ATH.any example
With that out of the way we need to consider the next, the bull run we experimented during 2017 is completely different than the one we are seeing now, back then hype in the altcoin market was incredibly high but now things are different, institutional investors are finally in the market but they are only interested in bitcoin which has marked the huge difference in performance between bitcoin and altcoins, and in the case bitcoin entered a bear market I can assure you most altcoins will drop like flies while bitcoin will still remain quite solid.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
any example
Well I could see it happening, I mean it is a possibility. Right now the price of Bitcoin is going down which we call a correction, but there are also altcoins that stay on their current prices or still going very high. There is this coin I have been observing for the past days which is ADA. Cardano started low and since last year just went to a few satoshis. Currently it's price is over a dollar. And even with Bitcoin going a bit down it did not really affected ADA in such a big way. So I know for sure that the bull will continue for the alts.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
of course it can happen, like currently the price of Bitcoin is going down (correction), but there are some altcoin whose prices are still rising very high, one of which is Storj (the price has increased 94.50%), but indeed with the price of Bitcoin is going down (correction), then the increase in the price of altcoin (Storj) will not be maximal, because I am sure if the price of Bitcoin is also increasing at this time, then of course the price of Storj will be able to increase by more than 150% at this time. any example
When looking for a coin that is undervalued and has a lot of growth potential then look no further than Blocknet.
Why blocknet? did you think we don't have another option that was even better than blocknet? i see that some people were always promoting blocknet but this coin is not getting a big movement till this day. Blocknet can't sustain against bitcoin's domination but we should back into the main point if FOMO will make the coin gets barrier from the bearish trend.
that's the fact.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
In 2018, early days bitcoin was not in a bear market. It was just in corrections, ups and downs. Altcoins got benefit from capital switch from bitcoin and their prices were manipulated with news and big capital from whales. They rose to the Moon.any example
Altcoins need bitcoin hot price to rise together after depressed times of falls by bitcoin growth. Another condition is bitcoin has a stable price and investors don't have interests in bitcoin, they switch capital to altcoins. Altcoins will fly.
Bitcoin is in correction now and if in next one week, it won't change much, altcoins will rise. If bitcoin steps into its bear market, altcoins will be killed. People will feel fear of the crypto market, they will be panic then exit and choose other markets, stocks, golds or any others.
The correction situation that occurs in bitcoin is an opportunity for altcoins to move immediately because we know that after the correction that bitcoin has done, usually so far, bitcoin will increase rapidly to get to its ATH, so the opportunity for altcoins is very narrow to achieve it, when is not done as well as possible if there are opportunities available.
Bitcoin has not penetrated the EMA200 yet, so it is not the end of the bull run. Take a look at the withdrawal candlestick at $ 53k. Altcoins are safe, the trend of DEFI, NFT, blockchain games is still strong and they help altcoin continue its growth momentum. I think the uptrend will continue to rise for more than 12 months as Bitcoin is still being acquired by organizations and individuals around the world.
When looking for a coin that is undervalued and has a lot of growth potential then look no further than Blocknet.
When Bitcoin in the bear trend on Beginning 2018 some altcoin (i.e. Ethereum and XRP) has gained more adoption and increase the dominance [1]
But since XRP is shitcoin and has been sued by SEC, many holders already got warning and doing panic sell, then the price goes dump significantly. So, better to own Ethereum if you want to hold altcoin (make sure you has good amount capital since Ethereum fees is insane)
[1] https://coinmarketcap.com/charts/#dominance-percentage
But since XRP is shitcoin and has been sued by SEC, many holders already got warning and doing panic sell, then the price goes dump significantly. So, better to own Ethereum if you want to hold altcoin (make sure you has good amount capital since Ethereum fees is insane)
Any altcoins have different fundamental and sometimes FOMO is much more stronger than the pressure that already given by the bearish trend.
I don't think any has fundamental especially brand new listed coin and below 100 top rank coin, most of them can be pump and dump easily. Even doge has top been top 30 coin (before Elon musk tweet) it very easy to manipulate and play the market.[1] https://coinmarketcap.com/charts/#dominance-percentage
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
In 2018, early days bitcoin was not in a bear market. It was just in corrections, ups and downs. Altcoins got benefit from capital switch from bitcoin and their prices were manipulated with news and big capital from whales. They rose to the Moon.any example
Altcoins need bitcoin hot price to rise together after depressed times of falls by bitcoin growth. Another condition is bitcoin has a stable price and investors don't have interests in bitcoin, they switch capital to altcoins. Altcoins will fly.
Bitcoin is in correction now and if in next one week, it won't change much, altcoins will rise. If bitcoin steps into its bear market, altcoins will be killed. People will feel fear of the crypto market, they will be panic then exit and choose other markets, stocks, golds or any others.
I know i can do a quick research but give example of when btc was in bear market, the 2018 beginning of year, and some alts still moon ?
any example
It can or probably made by someone to moon to dump them permanently!any example
Can you figure out what am I saying?
Altcoins are easy to manipulate than bitcoin so when bitcoin started to fall then people will be in a hurry to do something and by that time some whale will take advantage of such poor investors to dump them later once the price increased to certain level.
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