Post
Topic
Board Speculation (Altcoins)
Re: When altcoin season?
by
cotton ball
on 24/10/2019, 10:48:44 UTC
And why? Running late on crypto news last few weeks. Any good new coins on markets?
Not so many new good coins on the market. Bitcoin still dominated the cryptocurrency market and look at the price of bitcoin right now and it was actually affecting the altcoin market.
Altcoin season depends on bitcoin.
A lot of exchange sites are halting its IEO service due to the bearish trend of bitcoin. You can see that through use icodrop site and not so many exchange site is adding a new IEO. Altcoin season will never come when we always on this situation.
Usually when bitcoin down become big chance for altcoin raise to higher price where investor move money from bitcoin to altcoin investment, but looking with altcoin still lower price with effect of bitcoin down. Maybe altcoin season have waiting for when bitcoin come back to higher price again and when bitcoin raise up altcoin will follow and raised to higher price.