When is altcoin season??? - page 12.

shoreno

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Quote from: Finestream on March 23, 2020, 02:45:24 AM

Quote from: Smitty Werben Man Jensen on March 22, 2020, 06:37:27 PM

altcoin season is likely to come soon this year, especially for the current bitcoin price is still consolidating at $ 4000- $ 6000 according to the chart, this will make room for altcoin, see when bitcoin prices fall to $ 3800, altcoin can survive even if it drops 25% - 35% is a good thing, and it's a sign, believe me

At this point of time, I would not based on the chart as the market now is not normal, there is a global pandemic, it affect everyone of us, so maybe let's just look on when this pandemic will stop and then we will talk about the possible bullish period of bitcoin or crypto market.

As long as we are still not sure when this will be stop, altcoin season or bull run is not likely to happen this year.

oh here is the pandemic virus again . i think im tired of seeing this , why people always connect it to the value of cryptos ? cryptos were already been this way at all times , believe me that once the virus has pass out the market are still potential to huge drops .

about the altcoin season , i think it will not come this times because look at bitcoin , btc is still on critical state . linking btc to alts is more possible than btc/crypto to corona because its already proven many times based on me and others observation .

Wildwest

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What you say is very true in the crypto world often happens like that altcoin always affects Bitcoin, but not only that the value of Bitcoin and Altcoin Rising also very influential on the positive news that discusses the advantages of Bitcoin and vice versa, and now the dominance of bitcoins decreases because the Korona virus is caused by disrupting trade activity in every country.

michellee

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Altcoin season will come, no need to worry. Meanwhile, we need to enjoy this moment for a while because bitcoin and some altcoin have to decrease again. We don't know if this is just another correction, or it will go down deeper than yesterday or a few days ago, but we need to prepare for every possibility that will happen. I remember that in 2016-2017 when the altcoin season comes before bitcoin price hit the highest price, every altcoin started to increase so high, and that makes many people make a lot of money from crypto. So based on that history, I am sure that the altcoin season will come soon because we already see the market is at a lower price for a long time.

Finestream

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Quote from: Smitty Werben Man Jensen on March 22, 2020, 06:37:27 PM

altcoin season is likely to come soon this year, especially for the current bitcoin price is still consolidating at $ 4000- $ 6000 according to the chart, this will make room for altcoin, see when bitcoin prices fall to $ 3800, altcoin can survive even if it drops 25% - 35% is a good thing, and it's a sign, believe me

At this point of time, I would not based on the chart as the market now is not normal, there is a global pandemic, it affect everyone of us, so maybe let's just look on when this pandemic will stop and then we will talk about the possible bullish period of bitcoin or crypto market.

As long as we are still not sure when this will be stop, altcoin season or bull run is not likely to happen this year.

AicecreaME

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Quote from: TheUltraElite on March 22, 2020, 01:59:16 AM

Altcoins could be independent if they are actually having something to develop and something has a market of its own to generate a demand/supply crisis so as to raise the price of that coin. This is generally not seen with all of the altcoin launched till date so the end result is that thy piggyback on the price of bitcoin.

I agree to this. In short, altcoin always rely on the main market, because they are just Alternative Coins, they always go with the flow with Bitcoin. However, there are times that Altcoin pumps (a little) even though that Bitcoin's price is on the dump state, and could be vice versa. Therefore I guess it is correct to conclude that when Bitcoin hypes up, so does the Altcoin. So for now, we just have to hold the remaining tokens we have from 2017, cause they are more promising than to the ICOs nowadays.

AicecreaME

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Quote from: TheUltraElite on March 22, 2020, 01:59:16 AM

Quote from: mahilchii on March 22, 2020, 12:11:48 AM

Quote

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???

Altcoins could be independent if they are actually having something to develop and something has a market of its own to generate a demand/supply crisis so as to raise the price of that coin. This is generally not seen with all of the altcoin launched till date so the end result is that thy piggyback on the price of bitcoin.

I agree to this. In short, altcoin always rely on the main market, because they are just Alternative Coins, they always go with the flow with Bitcoin. However, there are times that Altcoin pumps (a little) even though that Bitcoin's price is on the dump state, and could be vice versa. Therefore I guess it is correct to conclude that when Bitcoin hypes up, so does the Altcoin. So for now, we just have to hold the remaining tokens we have from 2017, cause they are more promising than to the ICOs nowadays.

krayzie32

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Quote from: Smitty Werben Man Jensen on March 22, 2020, 06:37:27 PM

altcoin season is likely to come soon this year, especially for the current bitcoin price is still consolidating at $ 4000- $ 6000 according to the chart, this will make room for altcoin, see when bitcoin prices fall to $ 3800, altcoin can survive even if it drops 25% - 35% is a good thing, and it's a sign, believe me

I think altcoin will recover soon and bitcoin will certainly grow again if there is more good news. At the moment, the epidemic is causing people to worry and that is the only reason investors are panicking during this time. Of course, I also sold some coins when the market fell but still kept the top 10 coins because most of these coins depend on the price of Bitcoin

fuer44

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in short, bitcoin is crypto that is the parent of a market where the trend will depend on it. for example the trend of buying and pumping prices, if bitcoin happens like that then altcoin will follow the trend because altcoin is actually an alternative coin, where altcoin will be the second choice after bitcoin. then don't be surprised if the crypto trend is always preceded by bitcoin. the fact that happened in the crypto market so far is also the case, where the trend is always preceded by bitcoin be it bull or bear. so the altcoin season starts when bitcoin also starts to rise.

20kevin20

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Quote from: prof7bit on March 22, 2020, 06:00:22 PM

It all depends on the price of Bitcoin. If the price of Bitcoin is in the region of $ 20,000, then we should definitely wait for the Altcoin season. so far I do not see such a high price for the first coin.

Most have learned their lesson so now they follow the BTC moves at the same time because they expect the alt season you're talking about. If you take a look over the price changes on the top 100 coins, you'll notice +90% of them have the same pattern as BTC (excluding stablecoins, of course).

This makes me think the next alt season will start together with the Bitcoin one. Now there are obvious reasons a coin may pump or dump completely non-dependent of BTC (example: partnerships, new updates etc) but put this aside and you'll have the same trend as BTC.

Moreover, if you don't get to take in the profits from your alts at the right time, you will most likely lose more than if you had held your funds in Bitcoin.

I must learn to stop mentioning BTC every 2 words I write

dainoran

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Quote from: mahilchii on March 22, 2020, 12:11:48 AM

In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

I agree with your opinion, because I have experienced huge profits in 2018 when the price of bitcoin surged and altcoin followed the price of bitcoin, I hope it will happen again this year.

Smitty Werben Man Jensen

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altcoin season is likely to come soon this year, especially for the current bitcoin price is still consolidating at $ 4000- $ 6000 according to the chart, this will make room for altcoin, see when bitcoin prices fall to $ 3800, altcoin can survive even if it drops 25% - 35% is a good thing, and it's a sign, believe me

prof7bit

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Quote from: 20kevin20 on March 22, 2020, 02:20:51 PM

I'd rather ask myself when the upcoming recession, depression or whatever this fucking thing we've entered is, is going to end. When this ends, alts will maybe boom. Or maybe this is the ultimate test for cryptocurrencies and it's gonna end with a fail. Who the fuck knows. We've entered a very unpredictable year.

I wouldn't hope for an altcoin season for the following 1 year at least. Blood's gonna be on the streets, literally.

It all depends on the price of Bitcoin. If the price of Bitcoin is in the region of $ 20,000, then we should definitely wait for the Altcoin season. so far I do not see such a high price for the first coin.

20kevin20

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I'd rather ask myself when the upcoming recession, depression or whatever this fucking thing we've entered is, is going to end. When this ends, alts will maybe boom. Or maybe this is the ultimate test for cryptocurrencies and it's gonna end with a fail. Who the fuck knows. We've entered a very unpredictable year.

I wouldn't hope for an altcoin season for the following 1 year at least. Blood's gonna be on the streets, literally.

Coin BTC

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Quote from: mahilchii on March 22, 2020, 12:11:48 AM

In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.

I think it really depends on the movement of Bitcoin. If the price of Bitcoin drop, then Altcoin also drop. If the price of Bitcoin rises, even though the price of Altcoin remains at the base price, the Altcoin chart remains green.

For example:
1 BTC = $ 5000
1 EOS = $ 2
1 BTC = 2500 EOS
if:
1 BTC = $ 6000 chart green
and
1 EOS = $ 2 (fixed price)
Then:
1 BTC = 3000 EOS
or
$ 6000 = 3000 EOS

EOS: green chart.

The change in value obtained will be a green graph.

Maybe this is my view in looking at the graph/ chart.

ufaiz50

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It's better not to expect sessions, whatever they do according to your predictions. If you ask like that, then you will often get uncertain answers.

I personally think all of those markets must have a hold, so if you ask whether altcoin is dependent on bitcoin or independent?. My answer depends on the bitcoin market, from the altcoin market history often fluctuates referring to the bitcoin market.

kentrolla

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Obviously, it depends only on the Bitcoins price. Bitcoins dominance has risen to all time high this year and I guess decentralisation is the main concept as far as crypto currency is concerned, many altcoins project still haven't gained any traction.

Altcoins used to be the ultimate play in 2017 but now the majority of altcoins fail because they have not done anything as they give false promises and disappoint the Investors this created a bad reputation to the altcoins and till now I feel that's the only reason they are dependent on BTCs price.

shadowdio

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Only time can tell when will altcoin season or it depends to the bitcoin movement. If bitcoin increase then the altcoins will follow. Now seems there is no chances that we can see the altcoin season this year because of the corona virus.

suryapro

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yes, thats right..because at that time there was not much development in the crypto project, so there was no other choice for new projects to remain under the control of bitcoin. but now the situation is developing and many projects are able to stand on their own. even though the asking price of this new project is far below bitcoin.

tvplus006

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The dominance of bitcoins increases only when the value of altcoins in relation to bitcoin decreases. A change in dominance does not occur when the cryptocurrency market shows growth and the price of not only bitcoins but also altcoins increases. The increase in the dominance of BTC will also occur when the price of altcoins becomes less, and the price of bitcoin remains the same.

lepbagong

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Maybe we can trust with halving give moment for altcoin season back to higher price but with world situation faced Corona virus will give effect for economic world and make bitcoin and altcoin will go down, we need waiting for several time later for seeing altcoin season come back to higher price and give us much profit as holder and investor.

corona virus outbreak will inevitably have an impact on crypto even though indirectly the effect occurs. because the economy is currently very disturbed by this. but after the situation starts to improve there will be a significant movement but the influence of bitcoin is also very large will be the movement of altcoin. I hope everything gets better and altcoin can again succeed.

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