We now have the US presidential election results and a new lower interest rate from FED. Everything seems very positive for the overall economy and the crypto market in particular. Unfortunately, only BTC has seen a positive impact, while most altcoins have yet to meet investor expectations in the market.seeing the current market conditions are experiencing a price increase. especially bitcoin is the first look of everyone because it has increased so quickly, when after the US presidential election was decided the market immediately turned green and all coins were also affected because especially when bitcoin goes up then all coins are also affected.
BTC Dom has climbed nearly 60%, meaning BTC's market cap now accounts for 60% of the total crypto market cap. This figure is lower than BTC dominance during previous halving years (2016 and 2020) but has sparked significant concerns among altcoin investors. Currently, BTC price has recovered and entered a growth phase, while most altcoins have yet to return to their fair value range, with many still at their bottoms and continuing to make new lows.(https://www.tradingview.com/x/34WGUE3I/)
Some analysts attribute this to the successful launch of spot BTC ETFs, which has diverted capital into BTC rather than altcoins as seen in the past. Alternatively, it could be argued that altcoins have yet to establish a clear and widely understood value proposition. While Bitcoin has solidified its position as "digital gold," Ethereum's role as either "digital oil" or a "decentralized Amazon" remains uncertain, and the same ambiguity exists for coins like BNB and SOL.
However, I have a different take on this. I think we've reached saturation point in the altcoin market. With hundreds of L1 and L2 blockchains, thousands of DeFi, GameFi, and NFT projects, the competition is overwhelming for investors. Scams are also driving investors away in droves. A market purge is necessary so that weak projects can either disappear or at least fall off investors' radars. Only the truly promising projects will survive and thrive with concentrated funding.
Given this, the current altcoin stagnation and delayed altseason are not only necessary but might be orchestrated by market whales. BTC will likely continue its solo rally while most altcoins will only see significant gains once BTC stabilizes at a higher price point, say $100K. This means we probably won't see an altseason in 2024. All eyes should be in 2025, which is likely to be a more volatile year.
I would like to know your opinion on this issue:For now I still hold SOL and BNB coins and for now, I have no intention of moving to Bitcoin.
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
Well to be direct, bitcoin is quite the only crypto currency I think is trustworthy enough to be used as a long term investment. Altcoins do give huge profits too but that comes with a lot of strategies which also has to be spun over a relatively short period of time. Unlike altcoins, in the case of bitcoin all you literally have to do is just purchase your coins at the price best for you, Keep your keys safe, and HODL for as long as you wish or can.
Of course the market is still in a general pump and under normal conditions I would have expected the pressure to have reduced by now but it seems bitcoin still continues to make a new ATH almost literally every day. The pump is still in progress and at some point we should experience a pull back but I'm not sure when.
Yes i hold some new altcoins for this month like x, ton, dogs, gress. But already gress and x have caught the train of good profit lines so very soon i will sell these for increasing my profits target . But i want to hold dogs and ton coin for some more time because i bought these tokens at high price. In fact, since donald trump won the power the market is running green signal and almost all coins are seeing pump. Bitcoin pump in particular has surprised everyone and it expects more pumps. I think i have already lost time of buying bitcoin for long time but now it would be best to invest for a very short time.
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
1. I currently hold a portfolio of ALTs, including native tokens such as AVAX, ADA, ATOM, DOT, NEAR, ARB, IMX...
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
I would like to know your opinion on this issue:I was but unfortunately few weeks ago I had to sell them all now I am only holding few hundred dollars of ETH and maybe some other few alts, not so much that can make me some good money
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
I was but unfortunately few weeks ago I had to sell them all now I am only holding few hundred dollars of ETH and maybe some other few alts, not so much that can make me some good moneyI think the unusual market fluctuations this season have really hit investors hard. A lot of people have given up and left the market because they couldn’t handle the temporary losses. BTC continues to do well, but altcoin investors are still taking losses. That’s a classic whale move – they force smaller investors to sell their altcoins at low prices.
I think yeah maybe this pump already has purged some while some are waiting for it to cross $80k. Weak investors must already be out from the market.
I intend to sell BTC instead of buying alts as I think I wasted some time in learning this fact that BTC is not for everyone like especially for those who have low capital but it is for those who have a lot of capital like in the millions at least I know I can even hold BTC of $100 but that's not really profitable instead if I would have held some alts they would easily be given me 2x to 5x in one month and BTC take a lot of time to give that.
I was but unfortunately few weeks ago I had to sell them all now I am only holding few hundred dollars of ETH and maybe some other few alts, not so much that can make me some good moneyI think the unusual market fluctuations this season have really hit investors hard. A lot of people have given up and left the market because they couldn’t handle the temporary losses. BTC continues to do well, but altcoin investors are still taking losses. That’s a classic whale move – they force smaller investors to sell their altcoins at low prices.
I think yeah maybe this pump already has purged some while some are waiting for it to cross $80k. Weak investors must already be out from the market.
I intend to sell BTC instead of buying alts as I think I wasted some time in learning this fact that BTC is not for everyone like especially for those who have low capital but it is for those who have a lot of capital like in the millions at least I know I can even hold BTC of $100 but that's not really profitable instead if I would have held some alts they would easily be given me 2x to 5x in one month and BTC take a lot of time to give that.
BTC.D going up means if you’ve held BTC for the past two years, you’re still making more than most altcoin investments. But things will change when we enter altseason: when altcoins rise much faster than BTC. I hope you find and hold the best altcoins this season. ETH, for example, is very promising and deserves a spot in our portfolios.
I would like to know your opinion on this issue:I was but unfortunately few weeks ago I had to sell them all now I am only holding few hundred dollars of ETH and maybe some other few alts, not so much that can make me some good money
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
I think yeah maybe this pump already has purged some while some are waiting for it to cross $80k. Weak investors must already be out from the market.
I intend to sell BTC instead of buying alts as I think I wasted some time in learning this fact that BTC is not for everyone like especially for those who have low capital but it is for those who have a lot of capital like in the millions at least I know I can even hold BTC of $100 but that's not really profitable instead if I would have held some alts they would easily be given me 2x to 5x in one month and BTC take a lot of time to give that.
Yes i hold some new altcoins for this month like x, ton, dogs, gress. But already gress and x have caught the train of good profit lines so very soon i will sell these for increasing my profits target . But i want to hold dogs and ton coin for some more time because i bought these tokens at high price. In fact, since donald trump won the power the market is running green signal and almost all coins are seeing pump. Bitcoin pump in particular has surprised everyone and it expects more pumps. I think i have already lost time of buying bitcoin for long time but now it would be best to invest for a very short time.
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
We all expected that Trump election can push the crypto market to a higher gear but as to how big can be the influence that is something we are still witnessing right now. We are just a little disappointed that it is mostly BTC getting all the benefits with new ATHs clobbered many times already but many alts are still not following the excitement and the energy. Now, I still believe that alts will have its time...maybe that can come in early 2025. We have to accept that BTC and ETH now have their own spot ETFs while other alts do not have and the pull of these ETFs can be immense on the specific asset. I am expecting more to come and we just have to have some necessary patience for the alt season to make it happen in the market.I was pretty disappointed watching altcoins stagnate for a while, but the past couple of days have been amazing with the strong rallies in ADA, XRP, SHIB, and TRB. If BTC can continue to hold above 80K USD or even approach 100K USD, we could definitely expect altseason to kick off right now as BTC.D slowly declines.
. A market purge is necessary so that weak projects can either disappear or at least fall off investors' radars. Only the truly promising projects will survive and thrive with concentrated funding.Yes I agree with you on this that a market purge is currently needed in the crypto market as there are coins that are not currently falling below expectations and with the over crowded market with different crypto projects that are not doing well and fraudsters and scammers too is capitalizing on this fact in launching their own project with the intentions of making money from innocent investors, so far the only coin that is doing well is Bitcoin and I don't see any other coins close to it the only coin still managing to be stable in the market is entherium apart from that allot of coins are falling below expectations so am of the view too that the crypto space be sanitized so that investor's can concentrate on crypto project's that can give them return on investment because many investors are really distracted with the different airdrops and Blockchains that are launching everyday with this way there will be good and beneficial Blockchains to invest in
Given this, the current altcoin stagnation and delayed altseason are not only necessary but might be orchestrated by market whales. BTC will likely continue its solo rally while most altcoins will only see significant gains once BTC stabilizes at a higher price point, say $100K. This means we probably won't see an altseason in 2024. All eyes should be in 2025, which is likely to be a more volatile year.
I would like to know your opinion on this issue:
- Are you holding altcoins? Which?
- Do you think a purge is underway in the market?
- Do you intend to sell altcoins to focus on BTC investment?
Note:
- My opinion has been presented in a topic, on BitcoinTalk forum (https://bitcointalk.org/index.php?topic=5517577).
- This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
- This statement is to avoid accusations of plagiarism.
Yes I agree with you on this that a market purge is currently needed in the crypto market as there are coins that are not currently falling below expectations and with the over crowded market with different crypto projects that are not doing well and fraudsters and scammers too is capitalizing on this fact in launching their own project with the intentions of making money from innocent investors, so far the only coin that is doing well is Bitcoin and I don't see any other coins close to it the only coin still managing to be stable in the market is entherium apart from that allot of coins are falling below expectations so am of the view too that the crypto space be sanitized so that investor's can concentrate on crypto project's that can give them return on investment because many investors are really distracted with the different airdrops and Blockchains that are launching everyday with this way there will be good and beneficial Blockchains to invest inI believe that besides BTC, many other projects and tokens have a lot of potential, but the market is already too crowded and there are many zombie projects. They should be cleared out so that capital can flow into the best projects in the market. Decentralization doesn't mean we let the crypto market be flooded with "junk" tokens :)
Forget about shitcoins because the risk is high and we should buy potential coins that are in the top rank of CMC, if I choose the top 20 coins for investment. I do not look at shitcoin or other trash tokens at all because my past experience with those tokens is very bad.Yes I agree with you on this that a market purge is currently needed in the crypto market as there are coins that are not currently falling below expectations and with the over crowded market with different crypto projects that are not doing well and fraudsters and scammers too is capitalizing on this fact in launching their own project with the intentions of making money from innocent investors, so far the only coin that is doing well is Bitcoin and I don't see any other coins close to it the only coin still managing to be stable in the market is entherium apart from that allot of coins are falling below expectations so am of the view too that the crypto space be sanitized so that investor's can concentrate on crypto project's that can give them return on investment because many investors are really distracted with the different airdrops and Blockchains that are launching everyday with this way there will be good and beneficial Blockchains to invest inI believe that besides BTC, many other projects and tokens have a lot of potential, but the market is already too crowded and there are many z
hey should be cleared out so that capital can flow into the best projects in the market. Decentralization doesn't mean we let the crypto market be flooded with "junk" tokens :)
BTC has now surpassed 90K USD, and I hope we'll soon see the growth of a series of promising native tokens, followed by tokens of projects with real value in the market. Tokens with weak liquidity should be delisted and forgotten in the history of crypto!
I believe that besides BTC, many other projects and tokens have a lot of potential, but the market is already too crowded and there are many zombie projects. They should be cleared out so that capital can flow into the best projects in the market. Decentralization doesn't mean we let the crypto market be flooded with "junk" tokens :)
BTC has now surpassed 90K USD, and I hope we'll soon see the growth of a series of promising native tokens, followed by tokens of projects with real value in the market. Tokens with weak liquidity should be delisted and forgotten in the history of crypto!
I'm not sure the market is over crowded but investors are now smart and wise. If it's like the last bull run we have experience, as much as Bitcoin has ran since last month to this month, the altcoins will follow up even if it's not that fast, they will be around right now but people don't throw money on useless coins like they back then in the previous bull run.I think we can call it Bitseason, in contrast to Altseason, when the money flow focuses on BTC instead of flowing into altcoins and causing BTC to soon reach a more stable range at a higher price. Memecoins are growing as more people start to want to try their luck in the crypto market and they want to own millions or billions of memecoin tokens because they are very cheap.
Bitcoin is going up continuously because of the interests of the United state president otherwise the way we have climbed up recently, market manipulators would have made it come down so they can buy again like they used to but the interest is just much this time and since no interest altcoins, they are missing the party. Look at ethereum, looks dead in his bull run.
I am also agree with your comment. Because if we follow in cryptocurrency market, we saw that bitcoin price is increase gradually in the best level. But before a month ago we also see that bitcoin price is lower rate in $60k. But in this time bitcoin price is high level, we can see that bitcoin price is now $87k up. But if we follow in this time altcoin price is not increase. So i believe that within a short time this problem will be solve. Because we saw that crypto market is contain in bull market, and we know that when bitcoin price is high then all crypto currency market will be high.Opportunities always exist and are readily available in the crypto market but not for all tokens. Weak tokens will be forgotten and unable to maintain their previous popularity. Many top coins of 2017 disappeared from the top 20 in 2021, similarly, many top coins of 2021 will soon disappear from the top 20 in 2025.
Are you holding altcoins? Which?I am holding a few alts, like pepe, shib, doge
Do you think a purge is underway in the market?I don't think so, market is still going hyped and bullish, many altcoins will have their glow ups haha
Do you intend to sell altcoins to focus on BTC investment?Nope, I rather stick to altcoins than investing on BTC. cos I'm kind of interested in short terms only. tho I focus on web3 projects and etc
It almost got to $80k today - so it's now wonder we are going to see it and maybe even $100k in the near future.It almost touched $93k and it will hit $100k soon if things went bullish as they went now although a 5% retracement was expected and that it made already few hours ago and now more dip is expected too, just to be clear we must not call it dip as it's just a correction so.
Just hold on to your bags and see the market magic at place.
bitcoin price has touched $93K, that's what is listed in CMC. And right now it seems very volatile because today I am observing the crypto market, it seems like bitcoin price is very volatile.It almost got to $80k today - so it's now wonder we are going to see it and maybe even $100k in the near future.It almost touched $93k and it will hit $100k soon if things went bullish as they went now although a 5% retracement was expected and that it made already few hours ago and now more dip is expected too, just to be clear we must not call it dip as it's just a correction so.
Just hold on to your bags and see the market magic at place.
In the long run like from now to the next year or maybe the next 2 quarters will be the ones when it will make its new ATH and then we all must exit from the market.
yes it seems bitcoin is experiencing a correction but not long below $90K then goes up again past $90K. I can't decide to buy yet because I see the correction is not deep, I will wait to buy some coins during the correction.It almost got to $80k today - so it's now wonder we are going to see it and maybe even $100k in the near future.It almost touched $93k and it will hit $100k soon if things went bullish as they went now although a 5% retracement was expected and that it made already few hours ago and now more dip is expected too, just to be clear we must not call it dip as it's just a correction so.
Just hold on to your bags and see the market magic at place.
In the long run like from now to the next year or maybe the next 2 quarters will be the ones when it will make its new ATH and then we all must exit from the market.
yes it seems bitcoin is experiencing a correction but not long below $90K then goes up again past $90K. I can't decide to buy yet because I see the correction is not deep, I will wait to buy some coins during the correction.I think now all of us are waiting on a correction so we could buy some alts as I also waiting for a dip and picking some altcoins for upcoming months because they are bullish ones and TBH finding coins is not hard but trusting my predictions is hard hehe as you said I also can't really decide.
I also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.
When the price of Bitcoin reached $70K, I no longer used the DCA method because I saw that the prices of Bitcoin and Litecoin were already high. I only kept USD in my wallet and waited for the correction because I still had a target to buy several altcoins that I observed would have high prices next year.yes it seems bitcoin is experiencing a correction but not long below $90K then goes up again past $90K. I can't decide to buy yet because I see the correction is not deep, I will wait to buy some coins during the correction.I think now all of us are waiting on a correction so we could buy some alts as I also waiting for a dip and picking some altcoins for upcoming months because they are bullish ones and TBH finding coins is not hard but trusting my predictions is hard hehe as you said I also can't really decide.
I also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.
Well all I think we can do is do DCA, or adopt some strategies to buy these tokens, BTW I say even if we buy some altcoins now they would still give us profit because if we see the TOTAL3 chart which is a good chart it tells us that altcoin season is yet to start.
bitcoin price has touched $93K, that's what is listed in CMC. And right now it seems very volatile because today I am observing the crypto market, it seems like bitcoin price is very volatile.
Maybe this is what makes the altcoin price not fully rise to touch its ATH because bitcoin has not fully held above $90K.
Before now, what I have observe in Bitcoin and altcoin run is that when Bitcoin is about to take off, altcoins do move together but the speed at which Bitcoin moves is faster than the altcoins and then after a while, the dominance of Bitcoin reduce and then flow to the altcoins, that's when the altcoins do have their moment and run like they can't be stopped.Well, the switch between bitcoin and altcoins has been an exciting trend, but as we have seen the ecosystem is ever-changing and not exactly as predictable. This we are able to observe through the shift of focuses that market participants play to the different bearings of interest and sentiment that are being brewed. When attention shifts to a certain type of asset like meme coin then you can see that old pattern has lost its perfect applicability. In such circumstances, it is equally crucial to note some of the emerging features while at the same time being sensitive to the resulting dangers.
What I'm seeing right now is that we are seeing a change in the history of bull run in the crypto ecosystem. Perhaps people want to pump and dump meme coins, that's what they want to do and are not interested in the altcoins like before now.
If we are willing to ride this wave in the crypto market, calm is something that needs to be followed strictly with the decisions that we make on the market. Measures like examining a phased buying pattern is one way through which we can decrease the emotional risk involved in investing. Dividing the expenses we make into stages, it will be easier to respond to the current market position and at the same time, at the same time, opening the potential for receiving good results in the future.yes it seems bitcoin is experiencing a correction but not long below $90K then goes up again past $90K. I can't decide to buy yet because I see the correction is not deep, I will wait to buy some coins during the correction.I think now all of us are waiting on a correction so we could buy some alts as I also waiting for a dip and picking some altcoins for upcoming months because they are bullish ones and TBH finding coins is not hard but trusting my predictions is hard hehe as you said I also can't really decide.
I also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.
Well all I think we can do is do DCA, or adopt some strategies to buy these tokens, BTW I say even if we buy some altcoins now they would still give us profit because if we see the TOTAL3 chart which is a good chart it tells us that altcoin season is yet to start.
Before now, what I have observe in Bitcoin and altcoin run is that when Bitcoin is about to take off, altcoins do move together but the speed at which Bitcoin moves is faster than the altcoins and then after a while, the dominance of Bitcoin reduce and then flow to the altcoins, that's when the altcoins do have their moment and run like they can't be stopped.I think the market will continue to fluctuate following the cycle of capital flow: BTC > top altcoins > other altcoins > altseason. Currently, we're in Bitseason with the strong price increase of BTC and BTC.D while many altcoins are still at the bottom.
What I'm seeing right now is that we are seeing a change in the history of bull run in the crypto ecosystem. Perhaps people want to pump and dump meme coins, that's what they want to do and are not interested in the altcoins like before now.