Post
Topic
Board Altcoin Discussion
Re: When is altcoin season???
by
matchi2011
on 29/03/2020, 17:03:53 UTC
In the past, altcoins have enjoyed immense gains during altseasons. Well this happens only if there is Bitcoin dominance... And I believe there are two types of principles to follow them

* Bitcoin dominance Increases when more and more people buy and simply hold BTC.

* Bitcoin dominance decreases when more and more people sell BTC.

So altcoins fate is purely depend on BTCs price reaction or altcoins are independent???guys please share your thoughts on this.



it mostly depends on BTC swings, but some altcoins have life on their own, and rise when BTC is not, you can wait for the season, or DYOR and find altcoins that are actually doing well currently, still former option is safer than later, but rather both are with high risk
You need to be more precise in choosing your call, there are lots of influence that might take before you'll find the right project to invest
your money, the more you engage to the project the more chance that you'll be able to project the possible next outcome.
Alts with good background with developers who really paying attentions in finding ways to succeed mostly being supported by traders.