Topic: Will we ever get another 7th Jan 2018 Alt Season? (Read 1272 times)

It seems you are not very optimistic at the time of writing, so in the future try to be more specific and optimistic when you write, and one more thing that the Altcoin Season will never happen again if Bitcoin is still experiencing a big correction in the current market, that's the benchmark generally.

I can see btc dominance is now 58% which is not bad for alts. Obviously the lower the btc dominance the better.

Do you guys think btc dominance will get down to 50% so alts can go even more higher  ?

What if btc fails to break 48k resistance & crashes below 44k support? Of course this will crash alts too however what happens to btc dominance then?

Like I have said when btc dumps alts correlate & dump too, btc is dragging down eth too that had a great looking bullish technical chart.

What price you think btc will bottom at and when and from there btc will consolidate then at that we get another mini alt season till btc pumps again.


The final conclusion is btc dominance needs to in the low 30% range like it did back in 2017-18 so alts will be independent and wont correlate to btc dumps!

Btc dominance is around 60%, still high, it needs to go down in the 40% range for alts to stand a chance.

It might need more times to do so as BTC dominance already back to 60% and alts are bleeding a bit ATM. Hopefully, we get a decreasement on BTC dominance so that real alt season can be happened at a large scale which is expected by all alts lovers. Even some alts are doing well in this current time which might do well when final alt season will be started, IMHO.

Looks like Alts are on standby until bitcoin pumps and consolidates in price again like it is doing now so alts can have these mini short alt seasons during btc consolidations.

However if btc crashes alts will correlate and crash too 

I dont like mini alt seasons because it doesn't give enough time for alts to truly pump to the moon. All we get is little 5-10% pumps in mini alt seasons that can last for days (not enough time) depending on how long btc can consolidate.

Even Ethereum looks like its stuck at the station before going to its former all time high.

I think when ethereum will break its all time high record then alts will shine and btc dominance goes down  But if btc dumps then ether will dump too meaning its risky going into alts now, and when ether dumps then the distance to its all time high record will be increased and this increase chance of a looming bear market.

In 2017-18 when btc dominance was low alts can have long huge alt season. Why is that?

---

Like I have said when btc dumps alts correlate & dump too, btc is dragging down eth too that had a great looking bullish technical chart.

What price you think btc will bottom at and when and from there btc will consolidate then at that we get another mini alt season till btc pumps again.


The final conclusion is btc dominance needs to in the low 30% range like it did back in 2017-18 so alts will be independent and wont correlate to btc dumps!

Btc dominance is around 60%, still high, it needs to go down in the 40% range for alts to stand a chance.

---

I can see btc dominance is now 58% which is not bad for alts. Obviously the lower the btc dominance the better.

Do you guys think btc dominance will get down to 50% so alts can go even more higher  ?

What if btc fails to break 48k resistance & crashes below 44k support? Of course this will crash alts too however what happens to btc dominance then?



[moderator's note: consecutive posts merged]

Everything here in cryptocurrency is possible to happen, now for what happened before during the altcoins season, we don't know now
when this gonna be happen or maybe not. But since things are so unpredictable where nobody knows what will happen tomorrow,
the thing we can do as of the moment is to wait only.

I think it will be alt season. Because it is on pinnacle. So i thinks It's alt coin's turn now to rise.
But i think all alt coin will not pump. Only the good alt coins will be pumped in this bull market.
So hope for the best.

Back in 2018, the alt season occurred primarily because of the ICO hype. Also, large number of investors went for various altcoins such as XRP, ETH and ADA, because they looked cheaper when compared to Bitcoin. The investors were hoping for higher returns by investing in new coins. But by late-2018 most of these coins had lost as much as 95% of their value. Those who made their investments back then are not going to do the same mistake again.

How can there be a alt season when alts are correlated to bitcoin price dips?

Its like you get these mini short temporarily alt seasons in a bull market when btc price is consolidating in a bull market but once bitcoin price corrects then alts price are bought down too wiping off all the gains from the previous mini temp alt season 

What gives?

---

In alt season will everybody exchange their Alts for USDT or BTC?

I ask because if we have alt season and BTC is still high then its best not to exchange Alts to BTC because exchange rate not good right?

So USDT is the main pair?

In the last alt season early 2018, people were exchanging alts for btc so now in this season it will be for USDT instead unless btc prices comes down then yet again btc crashes alts will correlate and crash too so USDT is the safest bet yeah?



[moderator's note: consecutive posts merged]

Maybe more than $50k or it's the end game of bitcoin and rally of alts. But i'm expecting that alt season will be more bullish in February or next month as more likely every innovative old coins are trying to keep the bullish trend with bitcoin. But, everything is just a game of hope and will wait to see what's happened in the upcoming months.

Now many coins and tokens are showing good growth! What surprised me especially was that even ripple grew, I thought that the coin would not grow until the problem with the lawsuit was solved. It looks like you can still expect growth, although not as rapid as it was then...

I was not lucky to see the season live. I have checked a few months ago. Same as your finding, I noticed the same for LTC too. LTC was at peak at December 17th (when BTC was at peak) while, LTC is far away from its peak on BTC bull to $41k. I guess this time, the bullrun of BTC will be different. May be $50k, or may be higher from this. Then yeah, we have to wait for few weeks, months or even a year.

Currently, we cannot see the benchmark in 2017, because in fact it is no longer relevant. I just think that the bull this time really depends on the progress of a project. There are indeed some positive effects from the increase in bitcoin and ethereum prices, but if you look at the current price movements, this bullish time is really quite different

This question worries me now, like many. To begin with, we must admit that the situation is completely different now than in 2017-2018. We, as small players in the market (without insider information), can only guess what will happen next - the cryptocurrency market has already shown that it defies any analytics and technical analysis.

Personally, I still believe that there will still be an alt season (in some form), ideally ETH should update its ATH, maybe 0.1 of the bitcoin cost if the alt season is hot ...

But it depends on the project too, there are still many old tokens that have survived until now. I don't have too many new hold tokens being released in 2020, but I still hope that the altcoin season will bring big bulls to both.

I would have to say that there is really no connection of 2017 and 2021 neither, there is nothing that was like 2017 and people try to ignore that a lot. I have to remind you that 2017 was a bubble, we have seen the result, it burst and went as low as 3k, it is not a bubble right now.

How do I know this? Because we didn't had companies investing 14+ billion dollars into bitcoin back in those days, and I mean literally 14 Billion, with a B, and that is just one company as well. So long story short you have to realize that bitcoin is living in another situation right now and it is nowhere near the 2017 situation.

If you can see that you will realize that bitcoin is not doing that bad. Obviously this doesn't mean there are no alt season, look at alt prices, they have gone up too, now we have both bitcoin going up and alts going up together which is awesome.

Damn even XRP Ripple is Pumping now

If XRP can pump even with the risky SEC case against it then any altcoin out there can pump! 

You are absolutely right cause the previous years market are always different to the current due to the traffic the market get after every Bitcoin halving and by checking the cryptocurrency market cap some altcoin are already missing in action which DeFi are also not excluded. However, I expected the altcoins project that doesn't have a genuine concept to miss this season.

This time it won't be like 2018 I think. 2018 btc market dump in just a week and keep going down below 5k. But looks at the market this time it's bouncing back more strongly after every market crash. BTC market is becoming more consolidate with every bounce so ALTs market will also see a stable growth like btc and as long as btc keeps its value stable alts will not dump.

In my opinion alt seasons will occur this year, but wait for the Bitcoin price to stop rising first and Bitcoin dominance can fall again. Because if
the Bitcoin price continues to rise like this, the arrival of the alt season is likely to be late. So we really have to be patient, I am sure if we are
patient then success will come naturally. If you pay attention to the prices of several altcoins that have started to approach ATH, but indeed
the increase in altcoins this year is not as fast as 2018. The most important thing is that the price of altcoins is moving up, although slowly.
My prediction is that mid-2021 there will be an alt season where all the altcoins will reach the new ATH.