What is happening to altcoins in this bull season - page 2.

blockman

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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 ?

Not all altcoins have benefited from bitcoin's bull run but is it necessary to know how many of them got in?

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

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?

Don't compare this great bull run from that year. It's entirely different and this is all about bitcoin and a few alts that have made its run as bitcoin rallies.

aryana42

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Bitcoin has dominance of the market for more than 60%. That is why the price of altcoins depends too much from the price of Bitcoin.

I think that project must be useful for people to be in demand.

There are ecological projects. Here is written how it is important to protect a nature https://moss.earth/blog/ and what have already been done.

I think that the demand in ecological projects will increase because the planet realy needs in protection and many people start to understand this.

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.

Dave1

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Quote from: virasisog on March 07, 2021, 04:39:32 AM

Investors now are wiser compared to last 2017 bull-market. They look for altcoins with use cases and working product, unlike before where investors just jumps in whenever there is FOMO. Some altcoins are now not affected that much by BTC movement, ADA stayed at $1 even when BTC correction happened, DOT now plays arpund 30$ish if there are corrections. I guess there are more holders now compared to before.

ADA was continuing to rise even if bitcoin is going down because of a lot of updates, but I think BTC has still some correlations with altcoins. But I agree that investors have matured, become wiser and not just throwing money in the market because of FOMO. Now they've study the market's movement, invest on projects that is good and has the potential to disrupt the market in such a way that the price will rise, just like ADA and DOT right now.

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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?

The existence of all altcoins other than bitcoin is unthinkable. So it is safest to invest in Bitcoin when you have to. Why would we risk our precious money to invest in altcoins other than bitcoin. I think that's why investors are investing less in Altcoin. As a result, the pumping of Altcoin is not as much as that of Bitcoin. Again some of the good quality coins of 2017 are now on the verge of almost dying. This may be one of the reasons why Altcoin is not being so pumped.

virasisog

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Investors now are wiser compared to last 2017 bull-market. They look for altcoins with use cases and working product, unlike before where investors just jumps in whenever there is FOMO. Some altcoins are now not affected that much by BTC movement, ADA stayed at $1 even when BTC correction happened, DOT now plays arpund 30$ish if there are corrections. I guess there are more holders now compared to before.

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I just think this is a change happening in this market and of course about altcoins because although not all altcoins are getting the pump and hitting their new ATH, at least there is still some interest for real investors to support the altcoins they are interested in. Therefore, long before this happened there were at least a lot of users who recommended spending your money only on top and popular altcoins and it is real and it is happening in the bull season this year.

aioc

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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 have learned their lesson, even new investors are aware of what happened in 2017, investors look for the history of the token/coin and their platform, and if it's not gaining support, they are not going to invest, and with so many coins in the market, they only follow whales and community feedback, it's hard for a new coin to take off and compete, even if I am late I will only invest on new coin/token that has proven themselves.

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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?

Altcoins are not moving yet like 2017 because unlike 2017 where btc peak was 20k this time around the peak is expected to be around 200k to 300k so wait for that peak and after that you will see alts pumping to mars so you still need to hodl and wait to see real gains.

Some altcoins can increase the price to the high price, but altcoin needs more time to be like 2017 because bitcoin price is not back to the high price. But I am sure that it is just a matter of time that will increase the altcoin. If you have altcoins, you need to wait for more and try to use the situations to profit. Even if the profit can not be bigger, that will give you a chance to accumulate your profit in bitcoin or USDT. The pump will come again at the market, and you can hope that one or more coins you have can get that pumps.

shoreno

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the numbers can possibly be counted because they arent too many unlike to 2017 where you cant count them manually because even the shittiest kind are not exempted in the bull .

i know its a bit upsetting because we have twice the price of btc now but less effect but if you can take the time to check the historical prices of cryptos , you can see that their prices are not consistent every year . idk if they work in a pattern or not , its hard to tell .

isaac_clarke22

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

~

Because shitcoins will remain shitcoins, OP.
Don't expect shit to turn into gold or anything that has value. They're meant to be dumped by a lot of investors overnight because they aren't for long-term investment.
After the hype, these shitcoins will just fade away to existence. Not to mention that devs will do an exit scam one day in those shit projects.

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looks like it will happen again, altcoin season will happen in March. that is what many people have been waiting for. I myself can't wait for that moment. I have prepared the capital to trade during the altcoin season.

How can you be so sure that this March Altcoin season will happen soon? because what I saw at the beginning of March was only a corrective market and the increase in the price of the coins was only visible and did not last for a long time.

electronicash

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back in 2017, its bullrun was derived from ICOs where investors are just investing in coins and then expecting high returns. the difference to what goes on to the bullrun today is that investors are now wiser. now if you are still hoping the old coins that skyrocketed the last bullrun will also perform the same way today, you could be holding lots more of the shits that needed to be dumped.

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Quote from: Momoamzad on March 04, 2021, 03:33:45 PM

I think altcoin will be fly like bitcoin. Even altcoins are pumping and the result the market vol. Is increasing day by day. People are more interested in altcoin . They get more profit with a short period. In this bullrun altcoins will also run with bitcoin

When bitcoin will be going to the moon and altcoin too. The direction of altcoins will be decided by bitcoin. I think that you must aware about this dude.
Altcoin can't run without bitcoin and bitcoin must be going to the moon before altcoin can go along with bitcoin too.
More and more utility usages already developed on altcoin and that makes a lot of people feeling interesting.

Maslate

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I think it is because we are still not in big Bullrun. We are actually in the progress to go big Bullrun. All crypto coins should have their chances to soar in the Bullrun, but now it is not happening. Even, we are still not in altcoin season yet, so be patient to wait for the real Bullrun to happen this year. I trust in people saying optimism in the crypto market this year, while other pessimism in Bullrun is just a trap to make people selling their coins cheaper.

We are already in the Bullrun, ETH and the rest of potential altcoins are in the surge now but if we are talking about seeing those shit coins/project will respond the same, not anymore.
We don't need to have a BIG Bulrrun as you said, it won't make sense if that only a reason why we have to lose. 2017 Bullrun is enough for us to think and realize that there is no need to have that situation because mostly it happens that was a trap.

Ridwan Fauzi

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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?

You can't make it the same, crypto currency investor has been learning many times especially when they choose altcoin for their investment place. Also, instutional investor is more prefer to choose bitcoin as their investment place because bitcoin is more popular than altcoin.

But, there is some altcoin especially DeFi token. DeFi token is like ICO 2017 ago, their price movement is so impressing like UNI, YFI and LINK. I guess for those who bought DeFi token before booming they will get a lot of profit. As an example, for those who got UNI airdrop they will get a huge money from it.

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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?

In my opinion, 2017 is the rise of a trend that new users do not really know, along with the popularity of ICOs consistently. This year the bull run lasted in a more special way. But importantly, some of the major institutional investors are starting to bet heavily on bitcoin.
Community awareness and knowledge are increasing. They are sober enough not to make the same mistakes when going into shitcoin. By IEOs, IDOs can be advanced changes for which altcoins have little chance of price increases like 2017.

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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?

because the bull in 2017 and now is different, a lot of people already learn from the past,
so, shitcoins will not pump hard, wich mean only a good and reliable altcoins will grow in this bull run buddy

People I guess, are smarter now. Not all alts can increase their value without reason. If it is only a pump and dump coin, don't expect too much from it. Users are now checking the actual use case of the project, though there are still some who are carried by the fud. But still, many can already pinpoint if the project is a crappy one.

MarcoReus11

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In March month Crypto Market goes down. Definitely, Alt-Market also goes down.
So guys it is not the right time to invest in the crypto market
e.g Bitcoin(BTC), Alt Coin because in this month Crypto Market goes down So Everyone becomes aware.

tygeade

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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?

That's because earlier the Bitcoin market was huge and the altcoin market was a mere shadow and smaller in size as compared to now. Today, the Bitcoin market is massive but also the altcoin market has grown with so many news tokens being made on the Ethereum and other blockchains along with so many coins coming into the market. The market cap is humongous now and hence one market doesn't influence the other too much.

It can be understood as mother (BTC) and son (ALTS). Earlier when the baby was inside the mother, if you feed the mother, the baby will also grow accordingly but now the baby has come out and grown himself so he doesn't need help from the mother for his growth, although doesn't mind it either. Now its growth is dependent on what he does of his own and isn't defined by his parents.

GrosWesh

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Lot of alts are doing wonderfully well ! However, we can read left and right 'alt season' is coming Roll Eyes

I think we should stop using that alt season term. It took place in 2017 and now everyone is expecting the same thing ... except that ... instead of waiting it would be better to realize that some projects (and many !!) have been pumping for months ... When some will realize it it will already be too late.

Topic: What is happening to altcoins in this bull season - page 2. (Read 723 times)