Post
Topic
Board Speculation (Altcoins)
Re: altcoin growth too slow?
by
mr_random
on 20/08/2019, 23:40:54 UTC
when i compare the markets with the bullish trend years ago i get a bit confused.
the growth always came along with bitcoin but when i see the altcoin today the growth is a bit (how i might say that...?) ridiculous...
will this change or will the volume still be so low? 24hr highs and lows variated beetween dollars back in the day at 100m coins but
today it grows a few 0,x1-3 at a btc pump and then everything is falling apart back at one little red day. the altcoin market feels a bit like a sick patient to me that trys to get revived by a lot of effort but every little stop its dieing again...
A year ago there was a bull market, so everything that happened with coins in this period is significantly different from what is happening now. Indeed, now the market is bearish, so you should not be surprised at such a slow rise in prices.
I assume that soon the phase of growth and tide will begin on the market for new investments, and in 2020 we will again see a real bull market.
Everyone has bullish price predictions for 2020 due to the expected Bitcoin halving but market makers can play the dirty game with the crypto traders. The bull market already happened for the BTC and dominance climbed the highest point. Altcoins have no chance to raise their limits if BTC dominance stays on these levels.

the rise of bitcoin causes altcoin trading to not move. it's hard to get profits from altcoin trading.
except trading coins that are stable and have large volumes such as xrp, ltc and other coins.
we hope the altcoin season is coming soon, and bitcoin is more stable.
Stable prices are not going to make money for both sides of the traders, the market has to touch the resistance and support lines for providing enough liquidity. Large volumes are made with hunting stops, small marketcap altcoins don't act like the mentioned most elevated altcoins.