What is happening to altcoins in this bull season

devollito

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Quote from: Daodex on March 03, 2021, 02:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

This is not altcoin bull season, we are in the side way and creating new support for bitcoin market and the next move could be btc grabing marketcaps and make it to $100k, after the bitcoin bullish is finished we will see real altcoin season.

paxmao

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Even though there are good staking and yield coins out there, there is a problem with bulls: anything has to be compared with bitcoin and that is a difficult mark to break. After the halving it showed again proof o dominance and even with a general bull sentiment by all indicators, buying abundant coins with scarce bitcoins is a leap of faith.

bitcon

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If Bitcoin has started a bullish trend, then it will rise despite the negative news about it. At this time, you should keep yourself in control and hold on to the market to the last, and then calmly sell and fix the profits.

Altcoins will follow Bitcoin. Of course, large coins will show special growth, but coins with low capitalization will also show good results. Altcoins are performing well now and I think we will see even better performance by the end of the year.

WalkerIVIV

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In my opinion, Whales don't want to dump Bitcoin dominance in this moment. They still look at Bitcoin chart than Altcoins to play the market, this shows that top major coins haven't changed since Bitcoin corrected last month and made new ATH in this month.

Even I think many whales are interested with low cap coin to push the price, I see top 200 coins have made 2x from last month.

It's not true and did you see the dump that happened with bitcoin last week and it caused by the whales who were dumping his coin to the market and that created panic sell - off by the newbies.
The low cap can be pumped easily and the whales will always be dumping it back again to the bottom price after it already reached the target.
This is an old scheme that is still used by the whales.

Golftech

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In my opinion, Whales don't want to dump Bitcoin dominance in this moment. They still look at Bitcoin chart than Altcoins to play the market, this shows that top major coins haven't changed since Bitcoin corrected last month and made new ATH in this month.

Even I think many whales are interested with low cap coin to push the price, I see top 200 coins have made 2x from last month.

We don't really exactly know what whales are thinking and considering that there are many investors now

who also open to grab their opportunities, for sure they are all waiting for the great timing. We should continue

to work with our knowledge and keep following project that we are eyeing to invest our money, the chance that

alts will bring more bull movement is very much possible.

senyorito123

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Quote from: coin-investor on March 24, 2021, 11:00:42 PM

Quote from: Daodex on March 03, 2021, 02:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Investors are wiser now, they know that they can lose their investment because not all coins are worth investing, they know what to look on a coin that will perform better in the bull and the bear trend, and they know what works in the past will not work today, they know it's a different scenario now.

I guess the correct term of investors now is not "wiser", it is knowledgeable enough. Knowledgeable in terms of how they can see the bull season will be. How it affects the value of each Altcoins. How they can get profit on their investment and many more. They all have those confidence in all the happenings because of the knowledge they have and through there past experience. It may not be the same happenings but imostly the same.

TastyChillySauce00

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Quote from: aryana42 on March 07, 2021, 05:20:46 AM

Do you think people will be interested in the concept of the new project? because currently projects that rely on the concept alone will not be glimpsed by investors and will not be liked by everyone if the team's performance is slow and does not have good development, unless the team really builds and executes the concept very correctly.

People still interested in a good concept of a new project only if they can be rest assured that the project gonna execute the concept succesfully and one of many way to know whether a project could do what they promised is to see the people behind the project. That's almost always the case when it comes to investors trying to choose project as I've observed, even if your concept is good, no one gonna bats an eye simply because they consider the project that has no famous people or big VC behind it as empty words.

killerfrost

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During this altcoin bull run we saw a completely different market from 2019. Right now we see more and more big players entering this market, and that's it. The reason the whole market is currently having a good growth, this time when the market participants basically understand a part about it, it will be difficult to see the phenomenon of rushing in. a coin that drives it as insane as it used to be. We will see slow and steady price increases, and only legitimate projects can hope to survive in this market, and we are also less likely to encounter scam projects.

coin-investor

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Quote from: Daodex on March 03, 2021, 02:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Investors are wiser now, they know that they can lose their investment because not all coins are worth investing, they know what to look on a coin that will perform better in the bull and the bear trend, and they know what works in the past will not work today, they know it's a different scenario now.

bluebit25

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Quote from: gabbie2010 on March 24, 2021, 09:35:41 PM

There are more numbers of altcoins now compared to 2017 when altcoins enjoyed massive pumping as a result of surge in the price of Bitcoin.
Today in the market we have all sort of pump and dump altcoins derived from DeFis, BSC etc the developers are in the market to make quick money without following the project roadmap and a lot of investors has a mindset of earning quick profits also thus the hampered the progress of those altcoins in term of price which wouldn't align with that of Bitcoin.

It's a risk, but I also see opportunities in it. It would be great if you could bring in a lot of profits from projects related to DEFI, BSC, NFT,.... Market trends will always appear to attract more sources of money. For new investors, unlike the period before when the market only appeared from small investors, the current situation was different since investment funds, large organizations and companies continuously made public revenue to buy bitcoin, the repeating historical story will have to change. There is no such thing as massively pumped and up to a few hundred times as before, the altcoin situation is still influenced by bitcoin's trend, so we won't be able to see crazy growth as before for altcoins.

gabbie2010

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There are more numbers of altcoins now compared to 2017 when altcoins enjoyed massive pumping as a result of surge in the price of Bitcoin.
Today in the market we have all sort of pump and dump altcoins derived from DeFis, BSC etc the developers are in the market to make quick money without following the project roadmap and a lot of investors has a mindset of earning quick profits also thus the hampered the progress of those altcoins in term of price which wouldn't align with that of Bitcoin.

litepool.ru

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Quote from: cyriljundos on March 24, 2021, 09:17:55 PM

now is the time to buy more legit altcoins in bullish season, maybe you can earn more percentage if you buy now. buying in the low price would be good and probably sell it after a month or two. choosing the right coin to buy and joining telegram groups about coin announcements.

Surely this is a good opportunity to buy low-priced coins and wait for the price to rise. But personally I run out of money to be able to buy more coins that I love, maybe wait until the next 15 months to deduct a portion of my salary, hopefully until then the price is still good enough, so i can buy more.

cyriljundos

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now is the time to buy more legit altcoins in bullish season, maybe you can earn more percentage if you buy now. buying in the low price would be good and probably sell it after a month or two. choosing the right coin to buy and joining telegram groups about coin announcements.

perfect999

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Quote from: Daodex on March 03, 2021, 02:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

I’m really surprised too, I expected a lot more from some of these altcoins, especially Ethereum is what I have been looking forward to have a huge run this year after Bitcoin has reached up to the price of $50,000, but it never happened at all, rather Ethereum has been around $1.5k price and has just been going around that level without making further progress.

This is the only coin I expected to do something more this year, I have thought that Ethereum will experience huge increase this year, but there have been some other smaller coins in the market doing better. But anyway, I’m still good with how far it has gone from around hundred dollars to the current thousand dollars price.

mirgo1791

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more of work from developer that have with returns on consequence as the drawing of chart with the market, the investors to follows direction on reference with the figure of trend to secure of decision on closing with good returns or to rescue plan as not to fails of the deeper.

BaeSuzy

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Ya agree with that. in this bull season even the shitcoins can pump so hard. But if you think to invest in the shitcoins like the new ALTS (i mean), better you carefull. Better we just stick in top coins (top 100 CMC).

tvplus006

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Quote from: Daodex on March 03, 2021, 02:03:25 AM

We are already in March 2021 now, I'm guessing first quarter of the year is almost over, now how many altcoins really benefits from btc hitting 50k ? In 2017 when btc hit 19k all altcoins are pumping like no tomorrow, even shitcoins made incredible bounces but why aren't we seeing such this time around?

Today's cryptocurrency market has completely changed and is not like 2017. Institutional investors, who are mostly interested only in bitcoin, have entered the cryptocurrency market. It is BTC that enjoys the maximum confidence among investors and this distracts from investing in altcoins.

bittick

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Quote from: electronicash on March 06, 2021, 12:41:27 AM

you see the price of bitcoin going up but it doesn't really have an impact on the other coins I mean shitcoin won't have a crazy rise like yesterday's bullrun they will go up if the project deserves to go up.people get smart and choose the good one project.
no more funny project will be invest in longterm, or expecting raise from bullrun.

The shitcoin gets pumped due to the short term trend but it will be dropping again, The whales were trying to use the profit to pump the shitcoin.
Bitcoin bull trend is bringing the bullish trend to the whole of market and there must not be an exception for the shitcoin too.
The bullish can sustain for long term when it comes to the strong fundamental but shitcoin didn't have strong fundamental that can make it price sustain even longer.

shantos carora

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Altcoins have typically rallied behind Bitcoin during bull runs in the past, but there are lots of innovative altcoin projects that have the potential to outpace the growth of Bitcoin in the coming years.
The growing interest in cryptocurrency from retail investors and the adoption of new crypto models from financial institutions has created the perfect environment for this to happen.

lobo13hf

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not the same and it will be different, you see the price of bitcoin going up but it doesn't really have an impact on the other coins

In fact, when you are seeing the big gainers and loosers on CMC and there are lots of shitcoins being pumped. Some shitcoins were growing from zero value to the a few cents or less in a short time.
that means the bullish trend is still having a very big impact to pump the garbage coin to the moon. The shitcoin can be used as a pump and dump coin only.
it's not worth to be used as long or short term investment.
Just try to tell you based on data that provided by CMC

Topic: What is happening to altcoins in this bull season (Read 723 times)