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.
For me it would not really a altcoin season at this times, For some altcoins in the market or popular one I guess it might have potential but almost 90% is still dead token to me.
At this moment we are experiencing a global pandemic. Pandemic is not a joke so we must take this seriously. With this pandemic we also experience crisis. Because of the subsiding of the economy the value of the bitcoin and other cryptocurreny is also subsiding. With this, this time is the season in where we can buy alt coins because the price is a bit lower, then after we can wait for the charts and trade until such time that the value becomes higher by that we can gain so much return on investment and gain so much money.