Is a market purge underway?

[TomPluz]

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.

[KryptoBull]

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.

I was looking forward to several big trends like AI, LRD, and RWA to lead us into altseason, but unfortunately, they didn’t quite deliver in 2024. I’m hoping for a strong comeback from them in 2025 to take back some of the market share from BTC!

[Agbe]

. 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:

• 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.
• 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 in

[KryptoBull]

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

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!

[doc]

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

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 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!

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.
I will not take a big risk by buying tokens that have an unclear future.

[Gurujebs]

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.

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.

[KryptoBull]

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.

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 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.

ETH hasn't failed, it's just that it hasn't been able to rise as strongly as BTC, and the ETH price chart best represents the state of altcoins in this uptrend: altcoins haven't been able to return to their previous ATH and haven't been able to explode strongly. I think altseason will only come when the majority of weak projects have accepted their bad luck.

[Azharul]

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.

[KryptoBull]

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.

A BTC price increase will bring positivity to the entire market, but only a few altcoins will gain momentum to generate better price performance than BTC. These are the altcoins chosen by the community or at least favored by whales. The cleansing process is ongoing, and I think we will soon know the results as soon as altseason begins and the flow of funds becomes more intelligent by only going into the most deserving ecosystems.

[Zisanan]

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

[Faisal2202]

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.
Just hold on to your bags and see the market magic at place.

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.

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.

[Hisbullah]

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.
Just hold on to your bags and see the market magic at place.

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.

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.

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.

[legend45]

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.
Just hold on to your bags and see the market magic at place.

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.

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 also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.

[Faisal2202]

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 also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.

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.

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.

[nakmantu99]

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 also asked some friends, they are also waiting for the correction because they have some coins they are targeting to buy.

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.

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.

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.