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.

If you are referring ti the bear market turn around, I think we are almost into two years now. For me I believe what will change all these is when most if not all these scam ICOs got delisted from most exchange that is when life will return to Altcoins.