Topic: if btc is in a bear market, can some alts still moon ? (Read 595 times)
Of course, each project has its own fundamentals and developments. It all depends on the project they are working on it when bearish comes, if they have a good news I think it will make price pump. Remember that, FOMO is always good for the price.
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 this years market is very different from the previous bull market because we have seen that bitcoin manage to climb up massively regardless of the corrections happening so the moment you see that bitcoin goes down its just an indication of a retracement on the market. However, I think that bitcoin price will go sideways due to altcoin season is nearly approaching. any example
of course there are some alts that could moon, even ETH if having a good time could go up in prices while the other alts and bitcoin going down, it's just matter of whether these altcoins could bring demand to their coin or not. Although many people saying that all coins follow bitcoin but that's definitely not the only factor. the same thing like how XRP is dumping while other coins are in bullrun.
Bitcoin now is back to $58k, making ethereum back to $1,900 and BNB breaks $300. It is a good time to see the altcoin follows bitcoin moves, making the crypto market have a bullish trend. We can hope this month will be great for the crypto market to have another rally. But XRP is not yet increasing and the price seems stable at the current price.
As long as bitcoin is making higher highs, we can expect good momentum in the altcoins. XRP may not perform as per the expectation because there is a law suit against them and people are not comfortable and have confidence to invest in that coin. Rest assured that all the good altcoins will perform well as bitcoin will move up.
I agree that market has changed. But now Bitcoin has a market dominance of more then 60%.
All altcoins are different. To create demand in altcoin it is necessary to have a big community of users of altcoin. That price of altcoin depends on its liquidity.
It must be simple to buy and sell altcoin. It is good that their are survices, like https://www.koinal.io that allow simple and quickly to buy altcoins directly from bank card.
I think that such services like https://www.koinal.io are useful for people because they make cryptocurrency more avalable to people. Cryptocurrency must have a developed ecosystem that more people will use it.
It is possible because early on, when bitcoin is still high in value, people feel like it doesn't have the power to go much higher anymore but altcoins do so they spend their bitcoins to buy altcoins and pump these altcoins.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
Altcoin price is highly related on Bitcoin Dominance. In case Altcoins is pumping while Bitcoin is dumping, I'm sure that Bitcoin Dominance that time is plummeting too same speed as Bitcoin. You are right that people is just moving money from Bitcoin to Altcoin and that is the cycle of crypto market. This scenario can last for a long time especially when BTC do sideways then dump repetitively.
You can refer on the picture below:
Sideways or whale dive to create more artificial movement, most of the time investors who earned from Bitcoin pumped divert their assets to their targeted project.
Creating buying pressure and moving the project up, waiting for the perfect timing to release the asset again when they'll already satisfied with the profits.
You needed to assess and observed deeper, it will help to avoid losing your money with such kind of manipulations.
tbh, the question should be "can some of (major) altcoins still moon?" because there are always some coins out there that are used for pump and dump while having the chance of becoming outlier while bearish market happens.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
This is why scammers are always trying to find the next big thing that will overtake this market, they are always looking for something to try to scam people and at this time it seems NFTs are their answer, there are some NFTs that could be worth a fortune in the future, especially real works of art, but the things people are selling with the excuse of NFTs are ridiculous.But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
They are literally skipping the step of trying to convince you they have something in the future stored for the coin they are creating, they are going straight to the jugular by just asking money for something that is not even theirs as I have seen some people selling the posts of satoshi on the forum which is something it does not belong to them and yet there are buyers for it.
Almost every altcoin will goes down when btc price goes down, but sometimes there is one or two good new project will win againts BTC and it is mean the price will sideway or even going up againts dollar. It is all depend on the project itself. If the project have strong community and fund and also did the good thing it will win againts bitcoin.
It depends because indeed there's a significant difference between BTC and alts. But yes sometimes alternative coins make a different movement when bitcoin across the bear market but it depends on the situation.. For example on this current situation.. As you see bitcoin still making good progress but at the same time some of the top alternative coins in the market doing the same thing as well. So not all the time there's an opposite direction when it comes alts and btc. Just like what happened way back 2018 because it depends always on the situation in the market.
It is possible because early on, when bitcoin is still high in value, people feel like it doesn't have the power to go much higher anymore but altcoins do so they spend their bitcoins to buy altcoins and pump these altcoins.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
Altcoin price is highly related on Bitcoin Dominance. In case Altcoins is pumping while Bitcoin is dumping, I'm sure that Bitcoin Dominance that time is plummeting too same speed as Bitcoin. You are right that people is just moving money from Bitcoin to Altcoin and that is the cycle of crypto market. This scenario can last for a long time especially when BTC do sideways then dump repetitively.
You can refer on the picture below:
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
There are many factors regarding the rise in altcoins that occur when bitcoin is experiencing a decline. and the altcoin average in terms of trading volume is still low. so it is easy to experience a high rise. any example
you can check on coinmarketcap : https://coinmarketcap.com/gainers-losers/
Nearly all that experienced high increases were new altcoins and also the market cap or trading within 24 hours experienced a high increase from the previous low. these things are commonplace and happen every day. Hype and Fomo were created to be able to raise prices. or usually their platform is launched. so even if bitcoin is in a bear market there will still be an increase in altcoins
The price of bitcoin is already at $ 58k and there is a possibility that this year the price will reach $ 100k so I predict many altcoins will pump the price but not all so time to buy altcoins but make sure it is longterm and big volume and the large impact of bitcoin on altcoins when the price rises.
BTC has great potential to reach 100k, l think it is possible and we will see BTC at this price till the end of this year. But everything is possible, BTC can get also down. If BTC would get down, that means most coins will decrease. That is why most coins' prices depend on the BTC movement. But if you want to invest in any coin, this coin should be the best for the long term such as top altcoins. You should be patient and mostly you will make good money in the next season. That is why none can predict what will happen and bull run can be over in the near future, when a bull run comes, altcoins can not go the moon.
It is possible because early on, when bitcoin is still high in value, people feel like it doesn't have the power to go much higher anymore but altcoins do so they spend their bitcoins to buy altcoins and pump these altcoins.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
This is like a self-fulfilling prophecy where you feel like something is going to happen and unwillingly move towards that thing, making it happen.
If altcoins moon while bitcoin is falling you should know that it's not going to last.
It's very rare to see altcoins still moon when the Bitcoin price starts to fall, because most altcoins are supposed to follow Bitcoin's price movements.
But there are some altcoins that continue to rise when the Bitcoin price has fallen, this is because these altcoins are still hype. So the demand is still
quite high, but even though it happens like that it doesn't last long. My advice is if you find instances where altcoins are still rising in price, even
though Bitcoin has started to fall in price. Avoid buying these altcoins, usually there is price manipulation from whales.
But there are some altcoins that continue to rise when the Bitcoin price has fallen, this is because these altcoins are still hype. So the demand is still
quite high, but even though it happens like that it doesn't last long. My advice is if you find instances where altcoins are still rising in price, even
though Bitcoin has started to fall in price. Avoid buying these altcoins, usually there is price manipulation from whales.
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
Yes, it has always happened, when Bitcoin goes down most Altcoins go down, but in a radical way, when you enter Binance and see the price of Bitcoin going down, when exploring the currencies that have risen the most are usually the ones that survive from Pump and Dump are easy to recognize because they are usually seen with an increase of 30%, 25%, but it is difficult to take that profit, since many groups are dedicated to pump and dump, by telegram there are many groups of this style, I think that it's the only way for those coins to have some life when Bitcoin falls in price.
I have read a lot, and some say that if there is a bearish stage of bitcoin, the currency that would be excellent performance in that eventuality is BNB and Cardano, but they do not explain why.
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of course there are some alts that could moon, even ETH if having a good time could go up in prices while the other alts and bitcoin going down, it's just matter of whether these altcoins could bring demand to their coin or not. Although many people saying that all coins follow bitcoin but that's definitely not the only factor. the same thing like how XRP is dumping while other coins are in bullrun.
Bitcoin now is back to $58k, making ethereum back to $1,900 and BNB breaks $300. It is a good time to see the altcoin follows bitcoin moves, making the crypto market have a bullish trend. We can hope this month will be great for the crypto market to have another rally. But XRP is not yet increasing and the price seems stable at the current price.
of course there are some alts that could moon, even ETH if having a good time could go up in prices while the other alts and bitcoin going down, it's just matter of whether these altcoins could bring demand to their coin or not. Although many people saying that all coins follow bitcoin but that's definitely not the only factor. the same thing like how XRP is dumping while other coins are in bullrun.
Crypto world is getting bigger every day... not every year, every day! It's impossible to follow everything that happens in crypto, new projects arise, old ones get abandoned...
We had situations where Bitcoin is going down, while some alts are making progress in the terms of price. But just some alts, not a bunch of them! And that is a normal process, money is changing sides all the time here.
You can be a magician and buy before the rise, but for us, ordinary people just holding good alts will pay off eventually! So try to make a good choice and just wait for your alt to do something more on the 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
Obviously when you say bear market that means that the market is having its down fall regardless if that is bitcoin or an altcoins so there is a very small possibility that some alts can have a pump but not massively.any example
tbh, the question should be "can some of (major) altcoins still moon?" because there are always some coins out there that are used for pump and dump while having the chance of becoming outlier while bearish market happens.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
I don't find any altcoins after the price of BTC has fallen, they still hold their highest price unless they were doing some development and gathered some investors for different reasons. Most of the time when the price of Bitcoin has fallen to the bottom, the market is called the red market since the other top Altcoins are following its demise except the stable coins. Nowadays we don't see such a scenario anymore since good things are flowing in the bitcoin industry and it affects the crypto industry in a positive way as well.
tbh, the question should be "can some of (major) altcoins still moon?" because there are always some coins out there that are used for pump and dump while having the chance of becoming outlier while bearish market happens.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
Individual altcoins can in some cases go against the price movement of bitcoin and this happens more and more recently. If there are positive changes in the project of an altcoin and this leads to an increase in demand for it, then of course, such an altcoin will grow in price in any state of the cryptocurrency market.But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
I would actually like this to become the norm, because the rigid price adherence of all altcoins to the bitcoin price is pretty boring.
tbh, the question should be "can some of (major) altcoins still moon?" because there are always some coins out there that are used for pump and dump while having the chance of becoming outlier while bearish market happens.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
But major altcoins usually just follow bitcoin price movement ever since ages ago. But honestly, whether or not a coin gonna follow bitcoin market completely totally depends on the circumstance of the coin itself, if a hype like defi projects to happen during bearish market they could go against the market trend.
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
This comparison is lame. In early 2018, many major incidents happened, the biggest being the conflict surrounding Chinese and Indian sanctions on bitcoin and cryptocurrencies. This explosion caused the symptom of severe congestion in the popularity of the crypto world, becoming the subject of "bubbles". But after Covid 19, things went well. The vast majority of institutional investors have created a huge incentive for bitcoin's value. ICOs do not have many ways to profit, but mainly decentralized finance (Defi) has supported the development of altcoins in a more macro direction. Though, I think the bear market is still there. but the resistance is now higher.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
any example
if you only did a reserarch you wont be asking for samples anymore but im in a good mood so i did some research for you . theres many threads related to your topic but i only pick the date 2018 where btc dump .
thread 1 but has a less reply : https://bitcointalksearch.org/topic/alts-at-the-mercy-of-a-bitcoin-dump-4361062
thread 2 , the one with more replies : https://bitcointalksearch.org/topic/why-do-altcoins-follow-bitcoin-4436807
most replies says that alts do follow btc
I'm just not sure something like exists, because even the slightest bitcoin is corrected the rapid decline occurs in the altcoins. So, if the bear market hits bitcoin then of course it will be a painful downturn for altcoins holders but indeed, when bitcoin prices are low there are at least a few altcoins getting a bit of a pump but still, that pump won't make the altcoins to the moon by itself.
BTC may have a huge impact on the altcoin market, but this is not the case for some altcoins. Some are not dependent on BTC movement, especially if there is an upcoming event or update about a project. Development on projects or any updates creates hype in the altcoin market regardless of what price BTC is.
It only happens because there is a bull market and the money goes to altcoin when BTC experiences a correction. But when the bear market comes, no altcoins can escape for all will just be dumped as well. This could change somehow in the future because of the adoption. We can see right now that even big institutions are grabbing altcoins, maybe it could change the pattern.
Obviously when you say bear market that means that the market is having its down fall regardless if that is bitcoin or an altcoins so there is a very small possibility that some alts can have a pump but not massively.
How big the pump totally depend on how big the news that will be coming for sure.
When you are seeing the market and pump is happening randomly and it can't be predicted whether the pump will be big or small but the news can determine that.
No altcoin will go to the moon if the market is going bearish, in general all altcoins will follow bitcoin, if the bitcoin chart is bullish then the altcoins will be bullish, if bitcoin is bearish then altcoins will also be bearish.
and bearish is very different from the price that is pumped, because the price that is pumped is not necessarily bearish, because bearish is a market trend as an outline, whereas the price that is pumped is only the beginning or the end of a market trend.
and bearish is very different from the price that is pumped, because the price that is pumped is not necessarily bearish, because bearish is a market trend as an outline, whereas the price that is pumped is only the beginning or the end of a market trend.
yes, sometimes it's not usually about BTC, but what the coin or token is presenting if there is any upgrade or partnership with some big companies or a product the token price can move up because of it, but if BTC goes down and the token or company has no progress or movement then it has a tendency also to go down, pay attention to what they are presenting or offering if it's not significant then it will not move the price up, either be steady on the current price or drop.
So basically answer is to buy coins with fundamental that people still use during bear market ?
It should be true but it's not all of the pumpers will be pumping the coin with good fundamentals. Sometimes the whales are randomly pumping the undervalued coin. The problem is how do you know about that? So many people are speculating about this but again the pump can't be predicted but you can try to follow the fundamental of coin-like what news that will come soon and this can attract the whale to pump it.
I have been making a lot of money by following the rumour and news about some altcoins.
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.
Without a doubt the market has changed, it seems to me that back then people still thought that bitcoin could be replaced by one of those altcoins, they thought that since their technology was no different then one of them could surpass it and as such people began investing in all kind of altcoins thinking that they were going to be the next bitcoin.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.
But now people know the truth, there is never going to be another bitcoin there is only one and it's the original, and this means that the attention of institutional and retail investors has grown significantly and most of it is concentrated only in bitcoin and I think it is very likely that this behaviour is only going to intensify as years go by.
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
Right now there is one such coin that is 49% up while most of the market including btc are down, i stumble upon the topic few days ago, one forum member was talking about it and i just put it on watch list on my coingecko app, and as i type, DeepBrain Chain (DBC) is not affected by this sudden dip that spread like a plaque, so yeah, sometimes you come across coins/tokens like that, not affected by the condition of the market at that particular moment.
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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 this case you have to focus on the BITCOIN and altcoins dominance. Most of the time when bitcoin dominance goes down and altcoins dominance goes high is the high time to go moon for altcoins. any example
But yeah when bitcoin make some more correction continuously without keeping stable in price then I think It’s not the time to go moon by altcoins.
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Well, it depends on the altcoin, in as much as almost all crypto altcoins are tied to bitcoin, some alts with good foundation still manage to break that tie and not depend on bitcoin's movements for their own movement, this is why if you search coin market cap thoroughly, you will find altcoins that are mooning right now even as bitcoin are some other major altcoins are dropping very hard, go to Gainers and Losers section of coinmarketcap, you will find altcoins mooning right now, even as bitcoin which is their god father is dropping in value.
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Definitely can, some alt might have their own time of bullish and not affected by bitcoin at all but quite few actually since when btc is in bear market most of altcoin gonna either not moving in price or getting dumped.
However, most of alt that are new and have relatively low market cap and trading volume usually doesn't follow bitcoin market pattern.
But, the coin with high market cap usually just follow bitcoin.
However, most of alt that are new and have relatively low market cap and trading volume usually doesn't follow bitcoin market pattern.
But, the coin with high market cap usually just follow bitcoin.
~
Ah yes. Most of those are just pump and dump schemes. You'll see it fall faster than a shooting star once the investors decided to exit and dumps all the coin.Consider also those bounty hunters looking for quick $$$ .
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
Of course, there are some ALTS who were never influenced by Bitcoin’s price unlike in 2018. If you can see on CoinMarketCap’s top gainers of the day, there are altcoins who “mooned” even if Bitcoin, Ethereum, etc., goes down.
Actually, we already know when bitcoin is in the bear trend, some altcoin can increase but the other follows down and makes a correction. But to get the rise higher, the altcoins will need time and support and that is not easy, especially if the coin does not have a good moving at the market. We already see some of the altcoins such as dogecoin, bnb, ethereum, litecoin can break the new ATH, although those coins are down again right now. It is a good time to buy more bitcoin but that will depend on the bear trend itself because if the bear trend still on the market, maybe the price will go down for more. So before you buy, make sure you can analyze the coin.
If you mean moon that will increase above 100% of its current price then I don't think it is possible unless they have some partnership with a very known institution in that field that can cause FOMO. Alts price are always dragged down even harder when we are in a bear market. Many people panic sell their holdings thinking that it would not recover in long term. After 2017's ATH, the market at the following year until mid 2020 if I remember is very low-spirited. Announcements from different projects are very seldom during those times.
These situation happen in 2013 and 2017, and now probably will happen too. We still will see bitcoin bullish untill the end of this year, and after that bitcoin bearish season will comes, many bitcoin holder will trade their bitcoin and buy altcoin thats why altcoin season usually happen after bitcoin bullish. Maybe we will see many ICO like student coin will mooning at the beginning of 2022.
Usually, a lot of alts are saving news for a market turnaround.
Altcoins seem to be losing momentum faster than btc (not fact just observation)
But I saw it three times that certain ALTS go the opposite way even BTC is down by 10-20 percent..
1st is Solana when it reached its $18 per SOL.
2nd Cardano, just this month.
3rd Blocknet
I'm not sure what is the factor that changes things around. Perhaps, great fundamentals as well with a lot of news in the long term.
Altcoins seem to be losing momentum faster than btc (not fact just observation)
But I saw it three times that certain ALTS go the opposite way even BTC is down by 10-20 percent..
1st is Solana when it reached its $18 per SOL.
2nd Cardano, just this month.
3rd Blocknet
I'm not sure what is the factor that changes things around. Perhaps, great fundamentals as well with a lot of news in the long term.
Some altcoins might when they are "trending" and others when they are being manipulated. When bitcoin starts to drop, the usual scenario is that the price of altcoin starts to drop even harder. But sometimes, there are few altcoins that starts to rise due to FOMO and other factors. Again, there are those that are being pumped, eventually ready to be dumped. Those are the coins that we call shit/scam coins. You find a lot of those coins and you will usually see that their price has went up like more than 5 times or 6 times. Don't invest in those. You will regret.
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.
Any altcoins have different fundamental and sometimes FOMO is much more stronger than the pressure that already given by the bearish trend. You can call the small dump that happened with bitcoin as a correction.
Sometimes the correction that happened with bitcoin didn't give any impact to the coin that gets FOMO
This time bitcoin gets dump a little bit but you can see there are lots of altcoins are still pumped on CMC.
This time bitcoin dumped but theta is going to the moon.
Sometimes the correction that happened with bitcoin didn't give any impact to the coin that gets FOMO
This time bitcoin gets dump a little bit but you can see there are lots of altcoins are still pumped on CMC.
This time bitcoin dumped but theta is going to the moon.
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
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