Agreed because as the price of Bitcoin goes down, the market price of altcoins goes down and then investors tend to accumulate more altcoins because the hype market is pointing to the latter. Moreover, altcoins create volatility before the hype of the market so that some investors can get rich.
Dude I cannot fully agree with your words because Bitcoin dominant is still alive on the market and I think it will go for long time. Have you seen ever that when Bitcoin price is dumping and then the alt coin market are pumping? It will always seen that the alt coin market all time goes the flow of Bitcoin price. And we know both bull season and bear season of altcoin through this bitcoin season. And if you wanna say that people are diversing them to alternative coin then you will also see that the amount people are increasing day by day And so the population is increasing and the number of investments is increasing in both areas. 
Topic: We are about to enter altcoin season, what do you think? (Read 1060 times)
Yes, we are not into the Altcoin season yet but nearing, basically, what we are currently in now is the season of Altcoin accumulation.
Bitcoin dominance is a good indicator that has predicted previous Altcoin seasons very correctly, and I'm watching the indicator very closely for another potential signal for another crazy move in the crypto market.
Bitcoin dominance is a good indicator that has predicted previous Altcoin seasons very correctly, and I'm watching the indicator very closely for another potential signal for another crazy move in the crypto market.
Agreed because as the price of Bitcoin goes down, the market price of altcoins goes down and then investors tend to accumulate more altcoins because the hype market is pointing to the latter. Moreover, altcoins create volatility before the hype of the market so that some investors can get rich.
I agree with your point of view about the BTC price stabilization. However, it is unlikely that the alt season will start soon. Although we have seen a few coins surging, there might be other reasons for their price hike. In my opinion, the market is still in the correction phase and we might see a drop from this level. We might expect the altcoin season in mid-2024.
Price of bitcoin dropped to 29k USD and we can expect more loss to come as a downtrend apprehension. Altcoins are following and are dropping as well. We will not be getting altcoin season anytime soon this month end but maybe later this year if the recovery starts. At this point we have to support bitcoin to recover and cross the 30k segment because the selling pressure started from being unable to cross that resistance level.It all back in bear - correction and I dont think another big all time high is coming this year so wait and watch, not jump into a trend thinking it to be altcoin season.
From the historical chart and according to recent observations, the onset of Altcoin season appears to coincide with the stabilization of Bitcoin prices. As Bitcoin's volatility decreases, traders are seemingly turning towards accumulating altcoins, indicating that we may be on the cusp of an Altcoin season.
What is your thoughts? Are you agree with the point?
What is your thoughts? Are you agree with the point?
I agree with your point of view about the BTC price stabilization. However, the alt season will not start soon. Although we have seen a few coins pumping, there might be other reasons for their price hike. I think, the market is still in the correction phase and we might see a drop from here. We might expect the altcoin season in mid-2024.
I'm excited really, we've been patient for so long we deserve that treat! It will also be interesting to see how XRP will move during alt season after the lawsuit, and how LTC could react to the impending halving. Bitget has acted ahead In anticipation for the halving by rewarding LTC traders, its getting more interesting
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I just have a rough guess that the altcoin season gonna be in 2024. because right this year too much thing are gonna be preventing the altcoin season from surfacing because something like lawsuits and many more.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
Maybe you are speculating about the halving and there's really a high chance that we might experience that especially when bitcoin have a good run at that season. For sure altcoins prices will be brought up to knowing that it always paired up with BTC when we talk about trading it.
Also I don't think the issue about lawsuit on exchange and altcoin can affect those possible bull run that might happen since most provably people will forgot about that issues and focus to accumulate since halving hype is much stronger than any other issues.
I would like to inquire whether I have overlooked any significant developments in the space this year. Unlike the previous cycle, where certain projects generated considerable hype (such as Defi and early-stage DEX coins), I am curious if there are any noteworthy initiatives that have emerged since the beginning of the year which I may be unaware of.
With the current conditions I think it's better for us to see it realistically,
because expecting too high will usually make you disappointed,
of course hope that can happen in the near future but this all depends on many factors and just follow the market developments.
There's nothing wrong if you're expecting (or believing) alts season will going to happen this year, probably all of us are waiting for it. However, let's think of the factors that can trigger the prices of altcoins to pump. Usually, alts are following the movement of Bitcoin, if there's a significant growth for the price of Bitcoin the chance for alts to follow are high.because expecting too high will usually make you disappointed,
of course hope that can happen in the near future but this all depends on many factors and just follow the market developments.
Therefore we need to have long patience because it's still uncertain when we might see the altcoins to pump once again.
From the historical chart and according to recent observations, the onset of Altcoin season appears to coincide with the stabilization of Bitcoin prices. As Bitcoin's volatility decreases, traders are seemingly turning towards accumulating altcoins, indicating that we may be on the cusp of an Altcoin season.
What is your thoughts? Are you agree with the point?
What is your thoughts? Are you agree with the point?
I think we are still far from the altseason, because the altseason occurs when Bitcoin price has almost reached its ATH price or after creating a new ATH price, but for now the market is undergoing a correction, so I don't think the altseason will happen in the near future, but I'm still hope that the altseason will occur in late 2023 or early 2024 at the time of Bitcoin halving.
because expecting too high will usually make you disappointed,
of course hope that can happen in the near future but this all depends on many factors and just follow the market developments.
I just have a rough guess that the altcoin season gonna be in 2024. because right this year too much thing are gonna be preventing the altcoin season from surfacing because something like lawsuits and many more.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
Well, about those lawsuits, the American government is already making some changes with the leadership of SEC and I think they are also changing the way it will work. overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
https://cointelegraph.com/news/breaking-us-lawmakers-file-sec-stabilization-act-to-fire-gary-gensler
Quote
United States Rep. Warren Davidson has introduced the “SEC Stabilization Act” into the House of Representatives, announced on June 12. One of the bill’s main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler.
But, even with that I am pessimistic about when the altcoins that ain't popular will be pumped. I don't believe in altcoin season anymore ever since stablecoins was created. They became the middle section of the cryptocurrency industry instead of Bitcoin being sold to altcoin and then vice versa. With the money diversified, witnessing a big pump for altcoins might become impossible. We have seen some green light in the past month but it's not that big of a wave.
I just have a rough guess that the altcoin season gonna be in 2024. because right this year too much thing are gonna be preventing the altcoin season from surfacing because something like lawsuits and many more.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
Maybe you are speculating about the halving and there's really a high chance that we might experience that especially when bitcoin have a good run at that season. For sure altcoins prices will be brought up to knowing that it always paired up with BTC when we talk about trading it.
Also I don't think the issue about lawsuit on exchange and altcoin can affect those possible bull run that might happen since most provably people will forgot about that issues and focus to accumulate since halving hype is much stronger than any other issues.
I just have a rough guess that the altcoin season gonna be in 2024. because right this year too much thing are gonna be preventing the altcoin season from surfacing because something like lawsuits and many more.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
overall its just not really a good time for altcoin season to appear because if even it is appearing it would gets hold back by these problems.
From the historical chart and according to recent observations, the onset of Altcoin season appears to coincide with the stabilization of Bitcoin prices. As Bitcoin's volatility decreases, traders are seemingly turning towards accumulating altcoins, indicating that we may be on the cusp of an Altcoin season.
What is your thoughts? Are you agree with the point?
What is your thoughts? Are you agree with the point?
I think we are still far from the altseason, because the altseason occurs when Bitcoin price has almost reached its ATH price or after creating a new ATH price, but for now the market is undergoing a correction, so I don't think the altseason will happen in the near future, but I'm still hope that the altseason will occur in late 2023 or early 2024 at the time of Bitcoin halving.
The session has come to invest more in alt-coins, as the cryptocurrency market is on the Bear market which requires a good research to buy a good coin that has a future prospect, mostly alt-coins that has already established and to buy more reliable alt-coins for a period of time holding.
I agree with you, everyone is waiting for this season, it promises a lot of opportunities and I hope for stable profits, altcoins really have good potential.
Its not really the case. We have many altcoin bagholders who are hopeful that their bags will inflate in price during every bitcoin bullish trend but the altcoins themselves are inherently poor in terms of their development, use case and market making. Hence the bitcoin bullishness which should act like an ignition switch for them does not and hence their long term value is nil.Many of the investors here have been into altcoins for many years and they all agree that it is for the short term only and quick exit at a small profit is sigh of relief.
What is your thoughts? Are you agree with the point?
Absolutely! Altcoin season is something that many traders and investors look forward to, and it often comes on the heels of Bitcoin's stabilization. While Bitcoin may be the king of the crypto market, altcoins often have the potential for greater gains, especially during this season. So, I am definitely excited about the possibility of an altcoin season and looking forward to seeing what opportunities it will bring.
I don't think so because there are still many top altcoin prices that haven't experienced a pump,
such as Ethereum, Cardano, XLM, or BNB, because altcoin season is marked by increases from top altcoins.
if the top altcoins haven't experienced a pump then we will never see an altcoin season.
I think ALT season will come soonly because some rumors and market activity showing it . Passed five years so many coins tokens launch and some are fake some are great but its only for true legend (alts) comes , iam prepared for alts coin season
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