Quote from: pinkliar on October 03, 2019, 02:45:17 AM

Quote from: jarhed on October 02, 2019, 10:48:27 AM

Quote from: Cnut237 on October 02, 2019, 09:12:03 AM

The key thing for me I think is market confidence. Alts only surge when confidence is really high, such as the back end of 2017. If confidence is lower, then people hedge their bets and buy BTC as the safest and least volatile crypto. The long bear market may have ebnded, but it still casts a long shadow in terms of the effect on investor confidence. It may be some time before confidence returns to really high levels and creates an alt surge. But BTC price impacts this, too. As BTC price goes up, confidence grows, and the higher it goes the more the alts look undervalued and more of a bargain. So I think an alt surge is largely confidence-driven, but BTC price is the main thing that impacts this confidence level.

If the price situation depends directly on the level of confidence, then we only need to wait until the level of confidence is very large. I think that in 2 years the situation will definitely change for the better.

two years might be long for others but hell yeah this time is needed to recover such a long bear market that happen .

And that things also happen before ,when the price hits 1000$ ATH it takes more year before they make a new ATH . I heard that when the BTC hits 1k$ before is manipulated by chinese investors thats why its hard to the price to be back.