We are about to enter altcoin season, what do you think? - page 2.

shinratensei_

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Quote from: newdevices on June 24, 2023, 02:02:25 PM

The altcoin season is still long because usually the altcoin season will occur if the bitcoin price goes to a new all time high,
whereas at this time the Bitcoin price is still trying to stay at $ 30k that is good news, but if not it will be bad news for altcoins.
if you want to buy altcoins I can say this is the right time.

i think things just different this time around, though bitcoin hasn't even reached some all time high but some of the altcoins have been having some great time.
there are so many coins that have scored massive profits and increase like the second layer solution to ethereum.
but all in all only very few are actually having bullruns meanwhile the rest are just don't really have that bullrun and instead only following the path of bitcoin or in other words heavily influenced by bitcoin.
so I guess we haven't really reached the altcoin season yet as you said, and might be still a long way before we even encounter ones.

inthelongrun

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Quote from: FahriZah on June 25, 2023, 01:35:55 AM

I think need wait for altcoin session because still now bitcoin little pumping and when bitcoin again stable around 31k price range than better to buy altcoin nad need to hold tightly for big profit.

Right, altcoins move up after bitcoin stabilizes a bit. Altcoins the last few days are moving up but I won't consider it a sign of an altcoins season. Most altcoins are not even back to their usual prices a few weeks ago when the US SEC flexed its muscles again.

It is safer to consider this altcoins season next year which is the halving year of bitcoin. This year, altcoins can move up or down and it will be sensitive to big news especially when it comes to regulations. So let's just ride the swings or continue with DCA while we are nearly a year from the halving.

Blitzboy

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Quote from: justdimin on June 25, 2023, 12:49:21 AM

Quote from: abel1337 on June 19, 2023, 10:17:55 AM

Quote from: JeffBrad12 on June 05, 2023, 07:29:00 PM

being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.

There are many old top coins that has shared the same fate as this. They can't succeed on climbing back into the ranks again because of the reason that new projects are better and has the modern solution to problems. Basically new coins revised and improve the old coins and the old coins can't catch up with the development of their competitor. Though there are old top altcoins that are still strong till today and competitors can't beat them knowing that they have a full support of their own community.

I think that's mainly because they die, the development on them dies and that's the issue. This is the eternal discussion with crypto currencies, the new ones have an owner, literally someone at the top, and makes all the money and we are paying them to create this token, which is automatically a scam to me, I do not see any other way, however those are the ones that keep on developing and getting better these days, look at top 20 and how many of them have a creator, nearly half of them has it.

Whereas old ones have no creator, so more decentralized, and not a scam, and legit, but because there is nobody developing it further, it takes years before we could see something changing and that seems to be the problem with them and unfortunately a serious issue.

I appreciate your perspective on "creator-less" and "creator-owned" cryptos, yet your binary divide feels a bit off track. A crypto endeavor with a known founder isn't an automatic red flag. Ethereum, under Vitalik Buterin's guidance, reshaped the entire crypto industry.

Conversely, absence of a creator doesn't bestow a crypto with unadulterated decentralization or authenticity. Decentralization pivots on governance, not on a project's face. True, inactive development rings alarm bells for aged, headless projects. But let's not discount open-source communities who passionately push these projects to new heights.

FahriZah

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I think need wait for altcoin session because still now bitcoin little pumping and when bitcoin again stable around 31k price range than better to buy altcoin nad need to hold tightly for big profit.

justdimin

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Quote from: abel1337 on June 19, 2023, 10:17:55 AM

Quote from: JeffBrad12 on June 05, 2023, 07:29:00 PM

being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.

There are many old top coins that has shared the same fate as this. They can't succeed on climbing back into the ranks again because of the reason that new projects are better and has the modern solution to problems. Basically new coins revised and improve the old coins and the old coins can't catch up with the development of their competitor. Though there are old top altcoins that are still strong till today and competitors can't beat them knowing that they have a full support of their own community.

I think that's mainly because they die, the development on them dies and that's the issue. This is the eternal discussion with crypto currencies, the new ones have an owner, literally someone at the top, and makes all the money and we are paying them to create this token, which is automatically a scam to me, I do not see any other way, however those are the ones that keep on developing and getting better these days, look at top 20 and how many of them have a creator, nearly half of them has it.

Whereas old ones have no creator, so more decentralized, and not a scam, and legit, but because there is nobody developing it further, it takes years before we could see something changing and that seems to be the problem with them and unfortunately a serious issue.

newdevices

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The altcoin season is still long because usually the altcoin season will occur if the bitcoin price goes to a new all time high,
whereas at this time the Bitcoin price is still trying to stay at $ 30k that is good news, but if not it will be bad news for altcoins.
if you want to buy altcoins I can say this is the right time.

darewaller

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Quote from: Doan9269 on June 19, 2023, 10:36:16 AM

Quote from: ?? on ??

After the SEC's lawsuit against the binance exchange, I think we are about to enter. It was not bad, in fact, it gave a good buying opportunity for Cirus, I bought it at almost atl price.

Though this may just be a coincidence and the lawsuit against Binance has nothing to do with the all time low for any cryptocurrency at hand, though we are more likely to go more low even than this soon since we are approaching the period of high volatility and also in the same way, we can have the surge experience that the market price goes up as we keep getting closer to bitcoin halving, this will make many other cryptocurrencies to also rises and investing now is not a bad idea or decision to take.

Any crypto lawsuit is a negative news for the crypto and it can cause them to drop in price so I agree on you that it was only a co-incidence if the alts seem to be bullish after it and shows a sign of an altcoin season. I know it's weird because even BTC is also dropping but I guess that's better because at least we still have something to get even if BTC is down.

There is still something out there that can make us excite. Altcoin season or bull run can increase the volatility rate of the cryptos. We can also witness an often increase other than an often decline in their value. Some people can prefer it than seeing the coins remain to be stable for a long period of time because they think it's boring.

LoganSibley

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Well... We can see that the market is recovering slowly, yeah we all are monitoring bitcoin price and we see the impact on altcoins
great thing is that we can see the trends and find new projects in the area we like
so when the market recovers you can pick a new project like neonlink and see what happens
I strongly agree that there will be a push, we can see it now, the market shows it
The thing is that we don't know what will be this winter... This summer Bitcoin will recover a bit

krava22

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Quote from: VFalcon on June 19, 2023, 01:35:50 PM

Quote from: The Cryptovator on April 01, 2023, 05:33:45 AM

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?

The correlation between bitcoin stabilization and the start of altcoin season has been observed historically, suggesting a potential trend. Already now popular tokens such as BNB, ETH and TFS are already showing good dynamics, although we should still wait. However, market dynamics can change, and it is important to consider various factors before drawing conclusions.

it is also necessary to consider the dynamics of the market as a whole, because not all tokens follow the trend, sometimes it is related to the project itself

freedomgo

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Quote from: JeffBrad12 on June 05, 2023, 07:29:00 PM

Quote from: Godday on June 05, 2023, 12:23:56 PM

Historically it is like that. It was like a repeating moment. But cryptocurrencies are volatile. Uncertainty is a sure thing here. Maybe altcoin season is coming but I have seen that this year we can't go back to history.

Some of the altcoins that rank high on CMC are not showing any significant movement in a positive direction. I see that the bull market is still far away.

being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.

I agree, there are lot more competitive altcoins in the market right now that can probably offer more profits after the hold compared to the leading altcoins that have been in the market for quite some time now and while it is a challenge to find those awarding coins, we should still be informed about the new ones so that we can really filter which coin have the capacity to explode in the upcoming years. But for the bitcoin, I doubt it will be replaced from its throne, it will be always the king of all the coins in the market.

VFalcon

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Quote from: The Cryptovator on April 01, 2023, 05:33:45 AM

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?

The correlation between bitcoin stabilization and the start of altcoin season has been observed historically, suggesting a potential trend. Already now popular tokens such as BNB, ETH and TFS are already showing good dynamics, although we should still wait. However, market dynamics can change, and it is important to consider various factors before drawing conclusions.

Franctoshi

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Quote from: ?? on ??

After the SEC's lawsuit against the Binance exchange, I think we are about to enter. It was not bad it gave a good buying opportunity for Cirus, I bought it at almost a price.

If Binance comes out victorious in that case, I believe it will have a great impact in driving the price of cryptos up, but what usually determines or predicts the altcoin seasons is Bitcoin's Dominance, if the dominance is in favor of altcoin, which is moving significantly in the direction down, it means that altcoins will start to explode, but if moves in up direction Bitcoin Benefits while the altcoins take a hit.

Doan9269

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Quote from: ?? on ??

After the SEC's lawsuit against the binance exchange, I think we are about to enter. It was not bad, in fact, it gave a good buying opportunity for Cirus, I bought it at almost atl price.

Though this may just be a coincidence and the lawsuit against Binance has nothing to do with the all time low for any cryptocurrency at hand, though we are more likely to go more low even than this soon since we are approaching the period of high volatility and also in the same way, we can have the surge experience that the market price goes up as we keep getting closer to bitcoin halving, this will make many other cryptocurrencies to also rises and investing now is not a bad idea or decision to take.

abel1337

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Quote from: JeffBrad12 on June 05, 2023, 07:29:00 PM

Quote from: Godday on June 05, 2023, 12:23:56 PM

Historically it is like that. It was like a repeating moment. But cryptocurrencies are volatile. Uncertainty is a sure thing here. Maybe altcoin season is coming but I have seen that this year we can't go back to history.

Some of the altcoins that rank high on CMC are not showing any significant movement in a positive direction. I see that the bull market is still far away.

being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.

There are many old top coins that has shared the same fate as this. They can't succeed on climbing back into the ranks again because of the reason that new projects are better and has the modern solution to problems. Basically new coins revised and improve the old coins and the old coins can't catch up with the development of their competitor. Though there are old top altcoins that are still strong till today and competitors can't beat them knowing that they have a full support of their own community.

JeffBrad12

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Quote from: Godday on June 05, 2023, 12:23:56 PM

Historically it is like that. It was like a repeating moment. But cryptocurrencies are volatile. Uncertainty is a sure thing here. Maybe altcoin season is coming but I have seen that this year we can't go back to history.

Some of the altcoins that rank high on CMC are not showing any significant movement in a positive direction. I see that the bull market is still far away.

being high ranked doesn't mean it will be high ranked forever. there are some cases that seemed to show that these high ranked coin just doesn't have the capability to climb back up again because
it was quite literally being abandoned by anyone who wanna invests.
people just prefer investing in newer coins that still have relatively low market capitalisation that just have better potential with disregarding all these formerly high rank coin so couldn't really determine the upcoming
altcoin season based on these high ranked coin, after all there's always change of position.

terencio

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I think this is a plausible explanation for the recent altcoin rally, but I don’t think it’s the only factor. There are also other aspects to consider, such as the innovation and adoption of various altcoin projects, the regulatory environment, and the sentiment of the crypto community. I agree that Bitcoin’s stability may create more room for altcoins to grow, but I don’t think it’s a necessary or sufficient condition for an Altcoin season.

Chainsmokers

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Altcoin season is still very long, we are still in a bear market mate,
it is clear that the price of Bitcoin is currently dumped to $ 25k because of bad news from Binance,

yes, we know that Binance is top 1 cryptocurrency exchange where marketcap was born from there,
so if Binance has such a fate FTX then we will see even worse dumps.

Xal0lex

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Quote from: yohananaomi on May 10, 2023, 05:59:36 AM

altcoins are always accustomed to following the movements of bitcoin, if bitcoin improves it is certain that altcoins will also improve but not vice versa. indeed, from the beginning of the year there was an increase from bitcoin but it was not seen and it is certain that it will improve soon, it could be that the increase was just a mere surprise. but I agree that this is the right time to buy and hold, because the halving period is only waiting for the next few months and is usually accompanied by movements for improvement. it is very appropriate to still want to hold old coins which are indeed very potential compared to new coins that have not been tested for the future.

I don't agree that it can't be the other way around. Such cases occur when there is a liquidity spillover from bitcoin to altcoins. Altcoins go up and bitcoin goes down. This often happens after bitcoin rises a lot, after which it goes into a correction, the price drops precipitously, and altcoins start to rise strongly all of a sudden. Not the whole industry, but some part of it definitely performs such maneuvers, for example, ETH very often gets detached from the correlation with bitcoin and can grow great while bitcoin shows price decrease.

Godday

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Historically it is like that. It was like a repeating moment. But cryptocurrencies are volatile. Uncertainty is a sure thing here. Maybe altcoin season is coming but I have seen that this year we can't go back to history.

Some of the altcoins that rank high on CMC are not showing any significant movement in a positive direction. I see that the bull market is still far away.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: HELENA22 on May 29, 2023, 05:13:31 AM

There is a proverb: the bigger the wind and waves, the more expensive the fish. Therefore, as the most profitable altcoin market, it often attracts a large number of gamblers to participate in it. Therefore, the encryption market is often driven by emotions. Although it is clearly known that this is a crazy and dangerous vortex, the temptation of huge benefits is often irresistible to greedy human nature.

Though the proverb is correct but they all suffer from the same problem, they are correct only partially and not absolutely. Trading altcoins is one place where you want to tread carefully, because this is a wild west without regulations and scammers and shitcoins everywhere. If you are keeping yourself limited to top coins which you will not once the "season" starts you will lose more than you can afford, not like the fish.

I think open season or closed season, keeping the choice limited to top coins yields the maximum for long term traders. Go test the waters with newly launched hyped coins - most of the traders will not manage to make anything, its a gamble.

Topic: We are about to enter altcoin season, what do you think? - page 2. (Read 1039 times)