Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: Altcoin season is not here yet.
by
South Park
on 02/07/2019, 20:19:10 UTC
Quote from: inge on July 01, 2019, 07:03:53 PM
Quote from: frost_wind on July 01, 2019, 06:16:23 PM
It seems to me that the altcoin season has already begun. Look, the price of bitcoin falls while altcoins grow iagainst to it. No one promised that the Altcoins will grow against the dollar , right ?  Grin If bitcoin continues to move down, then altcoins will fall too in usd equivalent
I also think that everything has already begun.  The mechanism is running.  Altcoins begin to grow.  I think that's pretty good.  Because it shows the importance of altcoins.
Bitcoin dominance is still above 60%, and when the price of bitcoin went down most altcoins went down even faster, so I do not see signs of an altcoin season yet, while I support bitcoin I would like to see an altcoin season myself since that is the easiest way to multiply your fiat and bitcoin holdings, but until bitcoin stops growing we are not going to see any interest in altcoins, at the moment bitcoin is showing a slight recovery and could end the day in a positive note after suffering losses 3 days in a row and 4 of the last 5 being losses as well.