Topic: When is altcoin season??? - page 14. (Read 2264 times)
No one cant prediction. In 2019 so many trader/investor prediction Altsession will coming in Oct Nov Dec but we all see what happen at this time ? So better will follow what will going on with be careful. Manage our asset with best way is better than asking same question so many times.
But today everything depends on cash, financial crisis then cash will become the king and exactly that is what happening that is why tether minting millions of coins in the past three weeks and still there is demand for that coin.
The real altcoin season is not expected in near future so don't stress too much by expecting too much.
To all affected they are preparing cash instead of crypto currency since they are much need of cash right now. Even in my country cash is much more needed because the confirm cases increase day by day and you dont have idea how long it will take before we can back again to our normal life and normal thing we are doing every day.The real altcoin season is not expected in near future so don't stress too much by expecting too much.
Preparing cash if something worste happen or the lockdown extended even my self holding a cash by now.
But today everything depends on cash, financial crisis then cash will become the king and exactly that is what happening that is why tether minting millions of coins in the past three weeks and still there is demand for that coin.
The real altcoin season is not expected in near future so don't stress too much by expecting too much.
The real altcoin season is not expected in near future so don't stress too much by expecting too much.
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.
IMO All cryptocurrencies are interconnected because they all shared in the one common market, Bitcoin and all Altcoins were needing each other to grow In that sense, Bitcoin dominance affects all altcoins, Bitcoin as the pioneering cryptocurrency in the market has a lot of influence from its users, investors, and supporters thats why if Bitcoin price was falling most of Altcoins were also affected. thats why for me altcoins are not fully independent from Bitcoin influence. * 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.
Altcoin season, i don't really think there is an altcoin season since its also depend on bitcoin price, if bitcoin price go up of course other coins like eth, etc LTC xrp will go up, since there are lots of traders that will captialized on the btc price, the higher the btc price, the more altcoins they can get, and the rest will follow like pumping of their coin saying its already alt season but no it will still depend on bitcoin price, if you still remember btc price goes 20k USD ,
altcoins go up, when btc price goes down , altcoin also follows.
altcoins go up, when btc price goes down , altcoin also follows.
So altcoins fate is purely depend on BTCs price reaction
As per my observation, this is like that. Look to cmc, many altcoins were dead long time ago but when bitcoin rushed to ath on 2017, they were alive and kicking.
Altcoin season is bound to happen only if bitcoin surge higher to a new ATH and once whales noticed this they can opt in to altcoins which will decrease BTC dominance and makes altcoins to surge
Most likely the dominance of altcoin was based on the price movement of Bitcoin. It will swing the price once Bitcoin price move and I think that altcoins were depend by the Bitcoin price. But not all are the same cases, there are also some altcoins that having hype by the owner just like what happen to BSV coin. However, this is a case to case basis.
Altcoin can have an impact only on the market if the demand increases. But the case here, is most people recognize bitcoin as most influential and useful cryptocurrency, yet its usage is simply store of value and payment for peer to peer and many merchants. However. Altcoins are differentiated with one another and has sort of different use cases, but they still employ the use of store and value and merchant sales payment. But the thing is, bitcoin has grown in terms of market and adoption, which will took altcoin a long time period before it will shift to their soaring.
Bitcoin dominance Increases when more and more people buy and simply hold BTC.
Bitcoin dominance is the percentage of bitcoin to altcoins in a market based on market capitalization. If you are talking in terms on a no-fiat usage then the statement is correct. But if there is fiat involved then the money increasing the portion of bitcoin is not coming from altcoins but total market cap will increase.Quote
Bitcoin dominance decreases when more and more people sell BTC.
For altcoin precisely and not fiat.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. 
There was no altcoin season and all if strongly correlated with the bitcoin. There was no altcoin that can be independent being not affected by bitcoin. In my experience, if you must aware of the market movement.
Altcoin is totally depended and it can't be independent until it can use another thing to backed the asset to create its own value.
Altcoin is totally depended and it can't be independent until it can use another thing to backed the asset to create its own value.
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Actually yes , altcoin season's will only be dependent on bitcoin price The one should start the increase will be on bitcoin. There are altcoins who have had their own demand and are not dependent in bitcoin to rise but very few altcoin have this.
So to answer the basic question's when the altcoin season will start just always look at the bitcoin price and he will always give you signal when.
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.
* 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.
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