Is it a new trend of Altcoin Bull run? - page 5.

kentrolla

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Quote from: tjtonmoy on December 28, 2023, 02:39:55 PM

Even if it is a new trend, trends tend to fade away with time. In this case, I think the same will happen. History repeats itself. So the altcoin season after Bitcoin bull run will happen again. We see many dramas before Bitcoin halving, maybe this is one of them. So I will not bet everything on this as an altcoin bull run. Instead, I will see this as an opportunity and take advantage of it.

And when it's over, I will make sure to take my profit and exit. I am still not convinced that this is an actual bull run for altcoins. I'm still focusing on Bitcoin. Every investment is a risk and we grow by taking risks. If you can make profit from this then that's good for you but don't put everything in it thinking that this is the actual bull run. Because cautious about everything. It's the cryptocurrency market after all.

I have similar understanding but the way altcoins started rallying even before Bitcoin made me think if it's a new trend than what we have seen all these years. I am sure we will have bull run post halving but this altcoins rally was something which was completely unexpected and this has led to lot of buying due to FOMO. But this period between now and Halving will be crucial for Altcoin as we need to see if altcoins manages to trade around same value or do we see some more fluctuations.

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Quote from: tjtonmoy on December 28, 2023, 02:39:55 PM

Even if it is a new trend, trends tend to fade away with time. In this case, I think the same will happen. History repeats itself. So the altcoin season after Bitcoin bull run will happen again. We see many dramas before Bitcoin halving, maybe this is one of them. So I will not bet everything on this as an altcoin bull run. Instead, I will see this as an opportunity and take advantage of it.

And when it's over, I will make sure to take my profit and exit. I am still not convinced that this is an actual bull run for altcoins. I'm still focusing on Bitcoin. Every investment is a risk and we grow by taking risks. If you can make profit from this then that's good for you but don't put everything in it thinking that this is the actual bull run. Because cautious about everything. It's the cryptocurrency market after all.

this must be the kind where bull run has started even before the BTC halving. i read they call it the supercycle where bull run is bigger and its cycle is more than a year which probably means it started even before the halving year.

this hasn't happened yet in crypto afaik but if this continues til the end of year 2024, then the prices could go parabolic and could spike like they did last 2017.

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

We have often witnessed in the bull run that Bitcoin's value increases and once it becomes stable at a certain limit that's when bull run officially starts for Altcoins and we have seen same cycle in previous two bull runs. But, this time we are witnessing a different scenario as we have seen increase in the price of Bitcin but it's yet to reach ATH and it's still continuing to increase but Altcoin's are going bonkers and having more than 100% increase and it's not limited to few but most of the Altcoin is following similar trend.

Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

The most important thing is fear which control the price of tokens. when btc dumping then fear entered the market which create panic in market and no body want to freely invest but when btc start bullish motion then fear end start and people start accumulation of favorite projects. BTC start bullish motion from 30k$ to 45k$ where btc remained stable for almost one month. So far btc trade between 40k$ - 45k then we will see many altcoins stat pumping 100% in 24 hours as whales are doing all. most of the projects pumping reason is airdrops which will be given on the basis of staking and performing others task while some projects have some good news in the future. Injection and Solona are pumping due to airdrop trend.

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

-snip-
Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

We can't say that Bitcoin has not moved so much having moved over $20,000 in just a few months, which is the highest in market capitalization increase among cryptocurrencies. But for the fact that Bitcoin is heavy is a problem on its own, there is no way altcoins will not outshine it since they are still light and cheap, they will respond better when minimal capital is injected into them. That aside, many altcoins moved when Bitcoin moved, and it can't be a misguided to say that almost all altcoins moved at that time because it was general, only that most of them didn't move so much.

But later, they started peaking, but even till now, some has not made significant movements but waiting for the bull run time of next year. That is how it always happens, there are some altcoins that will be moving when Bitcoin moves and there will be many that will move more when Bitcoin has stopped moving up. That is the trick in it and a reason why most people will not know which one to eventually HODL their money in if they are indecisive.

tjtonmoy

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Even if it is a new trend, trends tend to fade away with time. In this case, I think the same will happen. History repeats itself. So the altcoin season after Bitcoin bull run will happen again. We see many dramas before Bitcoin halving, maybe this is one of them. So I will not bet everything on this as an altcoin bull run. Instead, I will see this as an opportunity and take advantage of it.

And when it's over, I will make sure to take my profit and exit. I am still not convinced that this is an actual bull run for altcoins. I'm still focusing on Bitcoin. Every investment is a risk and we grow by taking risks. If you can make profit from this then that's good for you but don't put everything in it thinking that this is the actual bull run. Because cautious about everything. It's the cryptocurrency market after all.

Sayeds56

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Quote from: tsaroz on December 28, 2023, 08:21:22 AM

The bull run comes in stages and you could consider it as the first mini bull, Bitcoin price doubled in a matter of month which is still about half of the all time high. Similar are the scenario for most other altcoins. The total market is huge and just a push can't take it all the way up. Anyone buying at half price are more likely to sell at double. So, the first thing would be to retain and make current price the resistance. After there are many people buying at current price, the market would push for another bull probably hitting the new ATH for both bitcoin and the alts.

Your analysis covers the dynamics of cryptocurrencies market, particularly in the context of bull run. Establishing a new price level which works as resistance is a common phenomenon of market. The recent price surge in Bitcoin and alts is a good example, how prices of asset solidify resistance level after a significant price surge. Consequently, market tend to move side ways within this range before eventually breaking out and embarking on new trajectory.

According to some analysts, the positive sentiment in market kicked off in last quarter of 2023 is an early stage of a bull market.

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

We have often witnessed in the bull run that Bitcoin's value increases and once it becomes stable at a certain limit that's when bull run officially starts for Altcoins and we have seen same cycle in previous two bull runs. But, this time we are witnessing a different scenario as we have seen increase in the price of Bitcin but it's yet to reach ATH and it's still continuing to increase but Altcoin's are going bonkers and having more than 100% increase and it's not limited to few but most of the Altcoin is following similar trend.

Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

I wouldn't really chalk up the entirety of bullrun with Bitcoin only, altcoins themselves could have their own bullruns in their own phase, just that Bitcoin bullruns usually increase the attention towards the entirety of the market, hence more investors hence more coins go up. Not to mention that I don't even think we have a Bitcoin bull run? It's just a steady movement and slow increase so far imo, I'd expect the bullrun, if it ever happens to happen a couple more months later, at least half a year more I suppose.

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

We have often witnessed in the bull run that Bitcoin's value increases and once it becomes stable at a certain limit that's when bull run officially starts for Altcoins and we have seen same cycle in previous two bull runs. But, this time we are witnessing a different scenario as we have seen increase in the price of Bitcin but it's yet to reach ATH and it's still continuing to increase but Altcoin's are going bonkers and having more than 100% increase and it's not limited to few but most of the Altcoin is following similar trend.
Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

The bull run comes in stages and you could consider it as the first mini bull, Bitcoin price doubled in a matter of month which is still about half of the all time high. Similar are the scenario for most other altcoins. The total market is huge and just a push can't take it all the way up. Anyone buying at half price are more likely to sell at double. So, the first thing would be to retain and make current price the resistance. After there are many people buying at current price, the market would push for another bull probably hitting the new ATH for both bitcoin and the alts.

Dunamisx

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Quote from: icalical on December 28, 2023, 05:09:23 AM

If we see the market few weeks back, Bitcoin are already moving towards a bull run, but then it falling again. I would say that this could be related to the Bitcoin Ordinals BRC-20, because Bitcoin blockchain can't handle the massive transaction of Ordinals. The effect is that Bitcoin transaction were getting slower, this definitely affecting Bitcoin price. And maybe some of those impatient people are moving to altcoins for faster transaction.

You're right, bitcoin bullrun hasn't yet begin, things like this are just what is making it appears to look like so, same applies to the altcoins seasons, they have not yet begun, we may be already seing some making good performance with their recent market price, we should still be expecting more to come next year if the bitcoin ETF is application is approved and when halving occurred.

deathcode

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I would not assume the phenomenon that occurs in certain altcoins is part of a trend. Bitcoin is still strong and it is quite stable. indeed the situation will be good enough for altcoins to start the pump but that requires a market response, whether it will help and support the pump or not. if the market situation still doesn't allow it, I think altcoins will just pump following Bitcoin's movements.

Dave1

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

We have often witnessed in the bull run that Bitcoin's value increases and once it becomes stable at a certain limit that's when bull run officially starts for Altcoins and we have seen same cycle in previous two bull runs. But, this time we are witnessing a different scenario as we have seen increase in the price of Bitcin but it's yet to reach ATH and it's still continuing to increase but Altcoin's are going bonkers and having more than 100% increase and it's not limited to few but most of the Altcoin is following similar trend.

Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

Nah, going to happen if we talk about a full bull run in altcoin market, it is going to still be dependent on bitcoin. We all know that trade pair is bitcoin/altcoin and so with that, they will have to wait what bitcoin will do first.

On the other hand, if we see a altcoin that is running way ahead of bitcoin, it could be just a normal pump and dump in the altcoin market as we have seen a lot of that kind of movement before. So before the altcoin market have it's bull run, it will have to wait for bitcoin first to move.

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Quote from: GlacierBIT on December 28, 2023, 03:18:21 AM

The connection between Bitcoin and altcoins is a connection that many have tried to break, but all attempts have been unsuccessful, how long this connection will last is unknown, so for now it should be treated as par for the course. If Bitcoin rises or falls, it can only mean one thing - the cryptocurrency market has begun to move.

Indeed, your observation is accurate regarding correlation between Bitcoin and altscoins, a relation that has persisted for many years and there is no sign of any change. The recent surge Bitcoin price followed by altscoins is primarily attributed to the significant interest of financial institutions in Bitcoin and Ethereum ETFs, which are likely to be approved in January, 2024. ETFs approval can act as catalyst to further boost in cryptocurrencies market. DYOR

icalical

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If we see the market few weeks back, Bitcoin are already moving towards a bull run, but then it falling again. I would say that this could be related to the Bitcoin Ordinals BRC-20, because Bitcoin blockchain can't handle the massive transaction of Ordinals. The effect is that Bitcoin transaction were getting slower, this definitely affecting Bitcoin price. And maybe some of those impatient people are moving to altcoins for faster transaction.

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Quote from: Marvelman on December 28, 2023, 03:32:40 AM

Bitcoin's clearly the big dog in crypto land. Whenever its price starts climbing, seems like everyone wants to jump on the bandwagon - the whole mood in cryptocurrency shifts and people get excited to buy up the smaller altcoins too. It's become the reference currency that other cryptos peg themselves too.

So Bitcoin leads, and the rest of the pack tends to follow. Its price swings up and down, and the other cryptos trace along and there's a natural correlation there. When Bitcoins moving up money flows outwards to the whole space. It's like the tide rising for all boats.

A lot of people associate bitcoin with the rest of what cryptocurrencies have to offer so they think that since bitcoin is way too expensive to buy they can just buy some ‘dupe’ and wish that it would reach the same value or profit as bitcoin does

trading or investing has a lot of psychological factors that impact the overall activity of the market it is mostly FOMO that a lot of people are experiencing hence the reason for their behaviors

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Which altcoin has reached 100% in the current market? Can you list a few that you think have? I haven't seen any single one, those that are in green are either those that have been newly listed. The existing one are still way below their ATH and before halving they wouldn't reach that point. As Bitcoin keeps going in green so do altcoins. Nothing has changed from previous bill run in the current market situation.

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Bitcoin's clearly the big dog in crypto land. Whenever its price starts climbing, seems like everyone wants to jump on the bandwagon - the whole mood in cryptocurrency shifts and people get excited to buy up the smaller altcoins too. It's become the reference currency that other cryptos peg themselves too.

So Bitcoin leads, and the rest of the pack tends to follow. Its price swings up and down, and the other cryptos trace along and there's a natural correlation there. When Bitcoins moving up money flows outwards to the whole space. It's like the tide rising for all boats.

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The connection between Bitcoin and altcoins is a connection that many have tried to break, but all attempts have been unsuccessful, how long this connection will last is unknown, so for now it should be treated as par for the course. If Bitcoin rises or falls, it can only mean one thing - the cryptocurrency market has begun to move.

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Quote from: Makus on December 28, 2023, 01:26:02 AM

Actually the reason for this is, since Bitcoin of he first crypto coin, not all altcoins can be bought directly. For you to buy them, you first need to buy bitcoin and then swap to those altcoins. And before you can sell them, you still need to swap to bitcoin before you can sell. So its more like Bitcoin is the intermediary of those coin. So when the price of Bitcoin increase they also increase and when Bitcoin decrease they decrease, any trend Bitcoin takes they follow. However from my point of view of things, it seems they will experience the bull run with Bitcoin. Change is constant, anything can happen anytime so just be prepared for anything that might come.

Do you really think this happening now. I remember I never bought Bitcoin to buy any Altcoin. I mostly deposit the USDT and almost every Altcoin has the pair with USDT. And mostly I use this stable coin.
And scenario that how Altcoins perform well when Bitcoin go up. I think the reason is that mostly Altcoin keep Bitcoins for reservation. And behind a project there will be Bitcoin directly or indirectly.
We have an example of Terra Luna we saw that Do Kwon reserves Bitcoin and after that he sell all the Bitcoins to save Luna but he was scamming so that was a Biggest Drama which he made.
But which you Sharen it is an old method.

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Quote from: Makus on December 28, 2023, 01:26:02 AM

Actually the reason for this is, since Bitcoin of he first crypto coin, not all altcoins can be bought directly. For you to buy them, you first need to buy bitcoin and then swap to those altcoins. And before you can sell them, you still need to swap to bitcoin before you can sell

I think it's the old method. Altcoins can also be purchased with stablecoins, although I don't trust any of them.
One for sure bitcoin is the major pair in cryptocurrency market, when bitcoin going up then altcoin just follow bitcoin trend.
This kind of thinking almost everyone uses it also people intend to sell bitcoin for altcoin when the price of bitcoin go up
And when bitcoin is going down, usually they will convert all altcoin for bitcoin. thats why when bitcoin drop, people intend to sell their altcoin for bitcoin.

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Quote from: kentrolla on November 16, 2023, 08:41:51 AM

Should be consider this as new trend wherein Altcoins will have bullrun before Bitcoin? Or this is once in a blue moon thing? It cannot be a bull trap since it's happening for multiple Altcoins.

Well Ive noticed it too but who knows what indicates this. But maybe we are still far from bull run and this is just a massive activity on altcoins cause some people are literally giving a lot of funds to the market and starting to invest and even the losers or lose a lot are already coming back since the market is going good. Institutions also are going in maybe ita a good sign and will contribute to a more comprehensive bull season.

Topic: Is it a new trend of Altcoin Bull run? - page 5. (Read 672 times)