What's in For Altcoins after the Halving? - page 3.

MAAManda

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Quote from: MAAManda on April 21, 2024, 09:55:07 AM

Correlation and pairing apply in crypto, so if the price of Bitcoin (BTC) falls, the price of altcoins will also fall unless MC is dominated by altcoins a.k.a altseason. As of today, Bitcoin (BTC) still has dominance with a percentage of more than 53%, meaning that it's not a good thing to invest in altcoins at this time if the price decline occurs again in the future.

Altcoins can have their own market dynamics and can sometimes move independently from Bitcoin. This means that even if Bitcoin's price falls, altcoins may not necessarily follow suit. Altcoins may have their own unique factors and developments that can influence their prices.

As for Bitcoin dominance, it is an indicator that represents Bitcoin's market capitalization compared to the total market capitalization of all cryptocurrencies. A higher dominance percentage indicates that Bitcoin has a larger share of the overall market capitalization. However, it does not necessarily dictate the future performance of altcoins. Altseasons, where altcoins outperform Bitcoin, can still occur even during periods of high Bitcoin dominance.

Your writing doesn't look like human writing, and I only realized after seeing the feedback on your account that you have a history of AI creating posts. But that's okay, I'll still reply to your rubbish statement.

First, Sometimes altcoins have their own market, but they must be followed by several supporting points, such as updates or hype surrounding a particular altcoin. I experienced it in 2021 where the price of Oasis Network (ROSE) increase more than 10% even though Bitcoin (BTC) was bearish at that time, it happened because of the big hype that Coinbase would list Oasis Network (ROSE) on their exchange.

And secondly, altseason will never happen if Bitcoin Dominance happens, I don't know where you got the information, but your information is wrong information.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

What I can see right now especially since Bitcoin Block Halving is already done, is most altcoins will correlate with Bitcoin, it will depend now on Bitcoin where the price will go, because as you can see, just like most of the high top market cap altcoins are just following Bitcoin.

Right now when Bitcoin dumps = altcoin dumps, Bitcoin pumps = Altcoin pumps, Bitcoin sideways = altcoin sideways.

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Quote from: Adbitco on April 21, 2024, 06:29:45 PM

Before you starts thinking of altcoin don't you think you have to focused on bitcoin before altcoin

Many of them ignores that important part of this halving. It's all about Bitcoin for this halving but since this is a scattered market where there's the distribution and impact from Bitcoin, they're all thinking of something that will rise up eventually or all of a sudden through altcoins that they're holding. They all want to hear what they want to hear but if it's about our suggestions about Bitcoin, they don't want to listen to anybody and they're pushing to what they think will prosper them, I have no problem with that but if they want to listen, then listen.

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Before you starts thinking of altcoin don't you think you have to focused on bitcoin before altcoin, since most of the altcoin are being influenced by bitcoin and this shows that if bitcoin doesn't go up altcoin will or may not see much effects on them.
This automatically implies that before we could see much impact on altcoin we must see the effects on bitcoin, it is from then most investors turns their faces to start looking at possible altcoin that could give them what they wanted at this processes you began to see altcoin making waves and rallying up.

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Quote from: nelson4lov on April 21, 2024, 04:28:18 PM

Altcoins will have their own time as they have had in the past halving inspired bull runs. Although, its different this time in that Bitcoin finally got the much anticipated and sought after Bitcoin ETFs. I expect altcoins to have the biggest moves even though Bitcoin might do more or less a 100% price growth. For altcoins, 3x at the minimum. Once I get my hands on the Bitcoin dominance chart, I'll share. It has been looking very juicy for several weeks now.

As in the past the altcoin season set in when the Bitcoin dominance is down which signifies that there is shift of funds from the bitcoin to altcoin. This will only happen after bitcoin it self has experience a significant move up and people starts taking profits. Right now the Bitcoin dominance according to coinmarketcap is 53% which signifies that both market will for now be moving more like linearly. A move in bitcoin price will impact a move on the Altcoins and a negative return on bitcoin will be felt also on Altcoins. I see bitcoin rallying up well like months after the halving most especially with this congestion looking to hinder a high demand.

Right now will have been a good time to accumulate more altcoin but the risk is there, Altcoins aren’t advice to be dived in during their falling period as you can not know which will be rallying back again. But if you have done a strong fundamental analysis on a coin and have a conviction on it, then this is the right time to dive into them.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Altcoins will have their own time as they have had in the past halving inspired bull runs. Although, its different this time in that Bitcoin finally got the much anticipated and sought after Bitcoin ETFs. I expect altcoins to have the biggest moves even though Bitcoin might do more or less a 100% price growth. For altcoins, 3x at the minimum. Once I get my hands on the Bitcoin dominance chart, I'll share. It has been looking very juicy for several weeks now.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Yes!

We have seen the rate at which altcoins gone down few weeks before halving which was as a result of the correction Bitcoin price made; now that the halving is done successfully, the market is trying to get a good shape and if the Bitcoin price started to move, then there is no any restrictions for Altcoins to follow the lead.

It’s time to invest heavily on altcoins that have potential and good roadmap and future because Altcoins will start to pump and most of them will be striving to go above their previous All Time High ATH before Bitcoin started to go above $80k.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

~

Wouldn't it happen later on? The Bitcoin rally we had before the halving right now made some altcoins pump iirc, but it gradually corrected itself a few weeks after that, same with how Bitcoin corrected itself a few weeks after reaching that 70k. Anw, I reckon we'd see another Bitcoin pump half a year to a year from now on, so the altcoin pump most would be waiting should also be then since it tends to follow the price of Bitcoin. So yea, right now I reckon just trade like normal. We're not going to see any major changes, at least for a month or two from now.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

continue with our trades like nothing happened. that's just it. you can never force something else to happen but pray harder for altcoin season to start.
i actually thought this high transaction fee would ignite something since it prevents the small timers from using BTC due to the fees. BTC also stops pumpin. but like they always say, it will take a few weeks to months before the halving effect will take place.

if your coins are in the exchange. you're lucky you don't have to send them to an exchange to start trading.

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Quote from: MAAManda on April 21, 2024, 09:55:07 AM

Correlation and pairing apply in crypto, so if the price of Bitcoin (BTC) falls, the price of altcoins will also fall unless MC is dominated by altcoins a.k.a altseason. As of today, Bitcoin (BTC) still has dominance with a percentage of more than 53%, meaning that it's not a good thing to invest in altcoins at this time if the price decline occurs again in the future.

Absolutely, correlation and pairing are common in crypto market, it has been observed historically that all altcoins follow the trend of Bitcoin, they rise and fall simultaneously. Given this dominance, investing in altcoins during potential bearish markets in future might carry additional risk. However, it is crucial to consider fundamentals, and their potential for real world adoption when elevating opportunities and making investment decision.

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The rally will most likely not to happen right now. Even major coins are still down which is something not surprising. It is just some people who expects that bull season will instantly start the moment halving take place but as the past shows, it won't. My guess here is that Bitcoin will be either on a downward or neutral direction for weeks or months then volume will again increase after a another big news, then altcoins would follow. After bitcoin dominance then there would be for Altcoins. Although with no certainty, but the best thing to do for now is to wait for further market confirmation before deciding to make an action. Avoid FOMOs and just mind the market. The rally will not be consistent so there will always be a chance to make an entry; enough reason to not panic at all.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

The rally of altcoins will only start when Bitcoin's price goes up.
You said it already that altcoins move the same as Bitcoin is.

If you're a trader, just continue trading. Momentum might've gone down but in the long run, it will just go up like what happens. I read an article a few hours ago and it was said there that based on history, 12 to 18 months after the Bitcoin halving event is the time where everything rallies and that includes both Bitcoin and altcoins. I guess if you're a trader, just focus on what you're doing. If you're a futures trader, maybe put more long positions than short to prevent getting liquidated because over time, price of Bitcoin will just go up.

Overall, the rally of altcoins will start when Bitcoins starts to rally. We know that altcoins move the same as Bitcoin is. The only difference is the percentage, but the movement is the same.

MAAManda

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Correlation and pairing apply in crypto, so if the price of Bitcoin (BTC) falls, the price of altcoins will also fall unless MC is dominated by altcoins a.k.a altseason. As of today, Bitcoin (BTC) still has dominance with a percentage of more than 53%, meaning that it's not a good thing to invest in altcoins at this time if the price decline occurs again in the future.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

After the halving, we're expecting Bitcoin to rally first, and it's not going to happen overnight, we're looking at some months before Bitcoin will actually start to be bullish, so altcoins rallying will have to come after Bitcoin. This means that as it is now, we're focusing on Bitcoin to lead the way for altcoins to be bullish, I know that in due time top altcoins will be rallying to new ATH, hopefully all this will happen by the end of this year or in the first quarter of next year, so keep buying your trusted altcoins.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Bitcoin halving is totally irrelevant to Altcoins since it’s for Bitcoin network while altcoins has their own network. The reduce on Bitcoin block rewards will not gonna give impact to Ethereum miners and other blockchain with mining involved so everything is isolated on Bitcoin.

Price wise, Altcoins main reference is the Bitcoin price after halving which is still in sideways that makes altcoins in temporary sideways too. In general speaking, Altcoins is not affected by Bitcoin halving. It’s Bitcoin price is what makes the Altcoin moves accordingly.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Whether there's halving or none, you keep doing what you're doing. As for me, I've been holding and as well as doing some trades and as well as accumulation. I'm also waiting for the altcoin season but I am not leaning towards it with full hope because no matter what you're aiming on this market as of the moment, what matters is on how you're going to react every time the market pumps and dumps. There's actually no season for it to react because it's like a normal day whenever a pump or dump happens. So, if your strategy is leaning towards to the market after this halving, you've been patient and you shouldn't miss the opportunity when the market has recovered a lot from the most recent dump.
It's without a doubt that the halving will impact the altcoins a lot but, you do you and keep doing what you've started from the beginning even before the halving has come.

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The advantage of halving then it is influenced by the increase in bitcoin due to after halving if there is no this event then altcoins are meaningless, but I don't know but where there is a bullish phase then the entire market will follow to be green this much results in a significant increase.

So it cannot be separated between bitcoin halving and altcoin season will coincide.
I don't know how the altcoin rally will come for now, obviously there are still some altcoins already flying some are not, as long as bitcoin does not have a significant increase the rally has not come.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

After the bitcoin halving, the reward per block decreases, it means the profit miners had been making decreases if the price remains the same. Miners would either stop mining or stop selling at current price. This decreases the liquid exchangeable coins making the price rise in long term.
we have seen such thing happens at about six months after halving. So we might need to wait 6 months for the altcoins to follow bitcoin rally. But as the market matures, the trend would be selective and the growth of altcoin too could be largely selective.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

The Bitcoin rally leading to the halving event was indeed remarkable, during this rally Bitcoin made new all time high (ATH) which was unprecedented, However, as per the natural law of physics, what goes up must come down so it was not unusual for momentum to ease off afterwards. Regarding rally in alts market, it is already underway, we have witnessed more than 25% surge in many altcoins following the completion of halving event.

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Quote from: VicManton on April 21, 2024, 07:22:59 AM

It has been a good ride for Bitcoin before then halving and now that it is done with, the momentum seems to have gone down, and as we all know, after the Bitcoin Rally, altcoins react to it. Do you think the rally of altcoins will start now or we should continue with our trades like nothing happened?

Well with what happened in the past I think a slow phase movement will be seen like a series of rally and when the bitcoin dominance go down and alts are bigger then youll see the effect of altcoins in the long run. Its gonna be an epic one, Id remember some L1 tokens before really pumped hard even those memecoins or low tier projects has been seen moving very fast anyway we cant tell whats really gonna happened.

Topic: What's in For Altcoins after the Halving? - page 3. (Read 598 times)