I don't think we are in altcoin season we just see altcoin price surge is due to upcoming Bitcoin events and Bitcoin increase but it doesn't mean it's altcoin season.Yeah, BTC halving is an important milestone and we need to wait until it happens and is followed by strong growth of BTC. At this time, it is too early for us to expect a really big and hot altseason. Rushing into investing in altcoins right now seems a bit risky to me! Patience will be worth it during the real altseason in late 2024 and early 2025.
Maybe after the block halving, we will see Bitcoin become stable and Altcoin may become bullish but not right now because in the past it always happens every after the block halving.
Altcoins season or not still if I don't have a lot of altcoins for hold.
I have also missed the best purchase of Altcoins when the price of Bitcoin is at 20,000 USD in 2022.
At that time in 2022 more precisely in September and the price of Bitcoin 17,000 USD all altcoins and many discounted but I instead ignored it.
If only at that time I bought more altcoins maybe now I already have a profit of more than 200%, there are even coins that have passed 10x like Altcoins Bakery (Bake).
, I bet you might also be in the same situation in the next bull run as many altcoins will also join the train and move forward.So, what altcoins do you expect so far to be able to rise more than 10x during the bull run later?
Indeed, if we look at the index, it is already above 75, which means that usually this is already an alt season. It could be that this is just the beginning because the index is not that far along yet, but what is certain is that this is quite a significant change for altcoins, which in fact we have experienced critical times that have made many altcoins unable to survive in the market.When talking about Altseason, we will understand that: the whole market is "green" and most altcoins grow better than Bitcoin. We don't have that right now. BTC is moving sideways and Altcoins are slightly decreasing in price, the market is being cautious before the Halving, not being extremely FOMO and greedy.
However, whether this alt season can really survive and develop further will depend on what conditions will be in the future. Because after all this has not yet reached the true bullish era. That's it, I've just experienced the ETF and haven't experienced the halffing, so there will still be some developments in the future which might make the index much higher or even drop for a while in preparation for the real altseason. Whatever it is, we should be able to take advantage of all forms to make a profit.
According to this definition and available data, current Index = 78 > 75 and we are in Altseason. Should we switch to investing in Altcoins to follow the Altcoins boom and gain x10, x50, x100 profits???
I do not think so. I don't dare give a definition of Altseason, but here's what I expect from Altseason:
- BTC halving occurs, confirming the start of a new cycle.
- BTC price has reached a high price to confirm the growth trend, BTC.D increased sharply.
- BTC price goes sideways, money flows to Altcoins.
- Most of the top altcoins increased in price stronger than BTC, BTC.D decreased.
I think it's easier said than done. It is very easy to invest in an altcoin and expect to make a huge profit, like up to 100x, but there is a probability that the token will pump or not. Sometimes there are some altcoins you can invest in, even if you think that it was in the right season, but it will be very funny how other altcoins might be pumping in price but that particular one you invested in will be depreciating in value.I agree with you, BTC is always the safest investment in this crypto market, and it also ensures quite good profits for investors.
It's true that some investors have made great profits from some altcoins, but getting to know the particular altcoin that will make you a millionaire is very rare, unless you just want to invest randomly in any altcoin with the hope that any one of them can generate a good profit for you.
We need a solution to guide the process of investing in Altcoins. My solution: change your perspective on Season.From the link that you posted, this yearly index is basically the same 75 top altcoins performance but stretched out to 1 year or so right? Have you calculated how many top coins are moving in and out of the top 75 to see if the tracking is reliable or not? It feels like the data is still heavily distorted by other things while the cut-off is also arbitrary. Why not 100, or even 10 top coins? I don't feel confident on metrics like this, considering how easy it is for the website, and company to arbitrarily change the calculation to suit their own narrative about the market.As such, Altcoin Year Index should be used. Data becomes less noisy and easier to track. This index is only at 27, showing that we are not yet in Altseason, but it is recovering to above 25, meaning that the growth potential of Altcoins right now is huge. We can start tracking Altcoins and prepare to shift our investment from BTC to Altcoins.
- 1 year = 1 weather cycle with 4 seasons, each season lasts 3 months = 90 days.
- 1 crypto market cycle = 4 years, each year represents 1 crypto season.
Currently, we still do not have BTC Halving and BTC price has not created a new ATH, and most Altcoins have not created new peaks. BTC.D is still in an uptrend, showing BTC's bullish advantage over Altcoins. So I don't think Altseason has begun and we should still be cautious with investments in Altcoins, at least until the BTC halving. That is my subjective opinion to evaluate the market, how about you? Do you think Altseason has begun? What are your criteria for Altseason?[/b][/color]
Honestly, there was silence after the ETF. Yes, everything has grown a little, but that crazy bull run did not come the incredible fast of the market. I see that all the influencers are waiting for this, but so far all my altcoins are at minus 20 percent and this situation does not change. They do not come off the bottom of the price where I bought them, but have fallen even lower. I'm not panicking, but I'm waiting, because it's obvious that there will be growth anyway. But that's not happening right now.Actually, what Altcoin do you own? why is the price still minus? Supposedly, when the altcoin you buy is good, the price will follow Bitcoin price movements, but basically not all altcoins have price movements like Bitcoin, so that is what causes altcoins to have a very high risk and should be avoided.
Actually, what Altcoin do you own? why is the price still minus? Supposedly, when the altcoin you buy is good, the price will follow Bitcoin price movements, but basically not all altcoins have price movements like Bitcoin, so that is what causes altcoins to have a very high risk and should be avoided.Why we must ask about other people's assets? I think we don't need to do this. :)
Honestly, there was silence after the ETF. Yes, everything has grown a little, but that crazy bull run did not come the incredible fast of the market. I see that all the influencers are waiting for this, but so far all my altcoins are at minus 20 percent and this situation does not change. They do not come off the bottom of the price where I bought them, but have fallen even lower. I'm not panicking, but I'm waiting, because it's obvious that there will be growth anyway. But that's not happening right now.In investing, we must have patience even when we are experiencing a big loss from the coins we bought, but still hold on until the price rises again and don't rush to sell coins, many people sell their coins and are also afraid of the big losses they experience. but in my opinion, if we are in a position of losing 20% of our capital, we have to be patient and hold it until the price of the coin returns to normal or rises from the price we bought it.
As an example - ZetaChain. The network is slow and the price has dropped to 1,2 dollars. But guys, common! It's altseason, baby! And now the price is $1.7. Common sense, where are you?Yeah, that's a good thing about the alt-season and I believe it also starts because of Bitcoin. The market when starts pumping and bull run starts and gets some intensity then not only Bitcoin but all altcoins follow that bull run.
As an example - ZetaChain. The network is slow and the price has dropped to 1,2 dollars. But guys, common! It's altseason, baby! And now the price is $1.7. Common sense, where are you?Yeah, that's a good thing about the alt-season and I believe it also starts because of Bitcoin. The market when starts pumping and bull run starts and gets some intensity then not only Bitcoin but all altcoins follow that bull run.
This time I believe the ones who invest in altcoins can take huge profits. The ones who invested in Solana have made huge profits and others who have invested in not so known coins have also earned some profits. A few weeks ago LUNC was pumped, although, it's not a good coin at all but people have earned some good profits from it.
In this state of the market, you can really greatly reduce your deposit according to the principle of compound interest: when the deposit is multiplied by interest and then by interest. So, theoretically, it is possible to make 100,000 dollars out of 10,000 dollars if:I think you're very right, in current market it's possible to multiply your deposit by holding one coin for sometime and sell it when you have reached 2x to 4x of initial investment value and again repeat the process.
1) find a coin that will grow three times
2) find another coin and multiply the deposit by 3.3 times. It's a time of truly insane possibilities.
In this state of the market, you can really greatly reduce your deposit according to the principle of compound interest: when the deposit is multiplied by interest and then by interest. So, theoretically, it is possible to make 100,000 dollars out of 10,000 dollars if:I think you're very right, in current market it's possible to multiply your deposit by holding one coin for sometime and sell it when you have reached 2x to 4x of initial investment value and again repeat the process.
1) find a coin that will grow three times
2) find another coin and multiply the deposit by 3.3 times. It's a time of truly insane possibilities.
But, I believe one should be careful while doing that because investing in one wrong coin can ruin the whole thing and one may not be able to recover the initial deposit if the coin dumps.
You know, it's such a long time now that the crypto market forgives all mistakes. I invested in Ondo - and now this token is not growing in price, but is standing still. I didn't lose because of this, I just didn't make a profit. And my brother invested in Zetachain, and multiplied his deposit by 50 percent. I mean, now if you invest unsuccessfully, almost nothing will happen, but if you invest successfully, you can multiply your deposit by half, as in the aforementioned Zetachain.I have invested in BNX and lost some money with it, I was sure that it will grow but it didn't grew and that's why I lost my money to huge extent but later I invested funds into other coins like Luna which worked for me, I hold it for many weeks and finally sold them with more than 3x profit. It happens sometimes but I think we should try to invest in more than 2 coins or more.
Given the state of the crypto market, it appears unlikely that the altcoin season will arrive anytime soon. The price of bitcoin has risen to $50,000 from $43,000 to $50,000, and the majority of altcoins have not seen significant price increases because the price of altcoins is associated with the price of bitcoin. Instead of some altcoins experiencing little to no increase in price, there should be a lot more obvious increase as a result of that.Since the increase that is much expected hasn't kicked off yet then it's safe to say the altcoin season hasn't kicked off yet although I didn't witness the previous bull that led to Bitcoin reach ATH which also made lots of investors rich because of the uptrend that some altcoins took following Bitcoin pushing up. The issue is that the altcoin season is bound to happen but we don't when and how to know when's it already begun. One thing I know is that the period is one that has two sided results because same way it's beneficial to quick investors that's same way it's also detrimental too.
Given the state of the crypto market, it appears unlikely that the altcoin season will arrive anytime soon. The price of bitcoin has risen to $50,000 from $43,000 to $50,000, and the majority of altcoins have not seen significant price increases because the price of altcoins is associated with the price of bitcoin. Instead of some altcoins experiencing little to no increase in price, there should be a lot more obvious increase as a result of that.So far, there is still a chance for altcoins to start a bull run, but you need to pay attention to the fact that the price of Bitcoin is already too high, and it is likely that it will experience a price correction first and then the price will increase again. As you can see, the price movement of altcoins follows the movement of Bitcoin prices. So when an altcoin wants a bull run, it has to make the price of Bitcoin increase first.
Given the state of the crypto market, it appears unlikely that the altcoin season will arrive anytime soon. The price of bitcoin has risen to $50,000 from $43,000 to $50,000, and the majority of altcoins have not seen significant price increases because the price of altcoins is associated with the price of bitcoin. Instead of some altcoins experiencing little to no increase in price, there should be a lot more obvious increase as a result of that.I agree with you, as I stated: AltSeason is not here yet.
Given the state of the crypto market, it appears unlikely that the altcoin season will arrive anytime soon. The price of bitcoin has risen to $50,000 from $43,000 to $50,000, and the majority of altcoins have not seen significant price increases because the price of altcoins is associated with the price of bitcoin. Instead of some altcoins experiencing little to no increase in price, there should be a lot more obvious increase as a result of that.I agree with you, as I stated: AltSeason is not here yet.
Today BTC reached $61K but the majority of Altcoins/USD only increased slightly or moved sideways, causing Altcoin/BTC to drop about 10% over the past few weeks. That proves we are still in BitSeason right now.
But Altcoins investors don't need to be too worried or angry. BTC growth is necessary for us to have AltSeason late this year and early next year.
I don't think we are in altcoin season we just see altcoin price surge is due to upcoming Bitcoin events and Bitcoin increase but it doesn't mean it's altcoin season.+1 on this. Right now we can see Bitcoin being bullish and it's natural for Altcoins to follow though not all of them so maybe we still needs time to wait for the upcoming Altcoin season maybe after the halving onwards.
Maybe after the block halving, we will see Bitcoin become stable and Altcoin may become bullish but not right now because in the past it always happens every after the block halving.
We are getting there, but I think we are not there yet. I believe that it will take a while before we could say that it is alt season. First of all, when the prices are not breaking over the all time high, there is no reason to call it an altseason just yet because it will take a while before we could get there. I believe that we are going to be something that would take a while and I believe that it should consider the situation to be a little bit different. I personally believe that we could end up with a greater result so this is just start of something but we are not there yet, there will be something that would take a while.Usually, the meaning of Altseason is the superiority in the bullish performance of most ALTS compared to BTC, or that most of the ALTS/BTC chart begins to increase and continues until the end of the bullrun. Currently we do not have this, although some ALTS/BTC have started to increase such as SOLBTC, FETBTC, AGIXBTC... I think we are still in Bitcoin season: BTC price has increased rapidly and created new ATH while many ALTS still cannot receive cash flow to grow strongly.