Post
Topic
Board Speculation (Altcoins)
Re: 2020... Altseason?
by
South Park
on 26/11/2020, 20:40:18 UTC
Is the leveling (and steadying) of Bitcoin a sure sign that an alt season is about to come?

Does anyone think there's anything to worry about with regards to growth being too fast and another potential "bubble" situation?

I do not think we have approached bubble territory when it comes to bitcoin yet, the speed of the growth this time around was way slower signalling that this is real demand and that the price went up because of it and not just because some whales were speculating with the price, however the current reduction in the price of bitcoin seems to be getting away the possibility of an altcoin season as altcoins are losing and incredible amount of ground and if even coins like ripple have lost roughly 30% of their value in a single day I do not want to imagine how much some altcoins that are not in the top 10 have lost.