Post
Topic
Board Altcoin Discussion
Re: When is altcoin season???
by
hirngespenst
on 06/04/2020, 13:59:31 UTC
Th ne market is dependent on Bitcoin movement either the token moves up with Bitcoin or it falls with Bitcoin fall. There are some tokens whose price is the same as bitcoin movement but there are some who falls when Bitcoin rises and falls when Bitcoin falls as well. Altcoin season will come when Bitcoin  dominance reduces which happens when price is too high for buy so people buy alts in hopes to earn more Btc value.

Yes, you are right! Most of the altcoins are dependent on Bitcoin! Sometimes we see exceptional but that can't be an example! Right now Bitcoin's price is increasing and the altcoins are following the Bitcoin movement. I think if Bitcoin dominance increases more and grow in price then altcoins price will grow too! Because Bitcoin high dominance is bad for shitcoins, not for potential alts!