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Quote from: weidex on October 29, 2019, 09:21:29 AM

Is it possible that we see another altcoin season, if Bitcoin breaches the all-time high and go above 20k? Do you find a direct correlation?

yes possible. when bitcoin going to 20k it mean bitcoin halving happen. Previously when bitcoin halving it also affect in altcoin, altcoin increase high price
so waiting to bitcoin halving or bull run and altcoin season coming. this best moment to take profit from altcoin and makes successfull in era cryptocurrency

For now the question that is in my mind is when bitcoin will reach $20K.
Today, another dump has been witnessed, btc drop $6K after holding at $7k for awhile and it looks like this year is not going to end up at a good price.

We are thinking of $20K but if btc dropped again at $3k, I think we need to start over again by next year.

I think bitcoin can reach $20k next year after its halving and surely altcoins will follow bitcoin's trend but as of now it is a very hard situation where bitcoin continues on dropping and in my opinion it will go down below $6k by the end of the year so next year bitcoin needs some work in order to bring back its price and to reach much higher coin price and so that altcoins will follow its trend and also reach higher market price.

I am getting worried because a lot of people are expecting the halving is going to solve all the problems that bitcoin has to maintain its price, and that to me seems to be a big mistake, because I cannot stop thinking about the consequences that will come to the market if that doesn't happen, what will happen if the price does not increase after the halving? And I keep thinking that people are going to be so disappointed that many are going to get out of the market and that could create another crash.