Post
Topic
Board Speculation (Altcoins)
Re: When is altcoin season???
by
Psynthax
on 31/07/2020, 08:41:36 UTC
Looking at the Bitcoin price still there is no confirmation from the predictors and the crypto enthusiast the the altcoin seasons is coming or it has the symbol of growing further. This because since after the bull run in 2017 there are many times the the price of Bitcoin and the Ethereum rebound from this level and maybe it has happened 15 times in the last three years. So, wait for the confirmation when the Bitcoin further crosses $20,000.
It is very difficult for Bitcoin price to reach $20,000 again because the market has not really entered the bull phase yet, and there will still be risks during this period. I think it should be more patient because the altcoin season is definitely not going to happen this year, and you need to be more patient. However, during this time you can consider investing in top coins like ETH, LTC, DASH because these are very popular investment options.
its probably gonna be overhyped season if bitcoin could reach $20 000 like it was in the 2017 where so many people talking about this new thing called cryptocurrency and invest in every corner of ICO but i cant see that happening again though the market is quite stable now and people become more hesitant or patient and not just following hype