Post
Topic
Board Economics
Re: How is it supposed to be alt coin season after bitcoin falls?
by
BrewMaster
on 21/04/2021, 16:01:42 UTC
I hear everyone talking about how it's going to be alt coin season when bitcoin season is over.
not everyone. only the altcoin pumpers and scammers were saying this to get newbies to buy their altcoin that they want to pump.

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Whenever bitcoin falls, for some whack reason alt coins follow suit.
it is not a "whack reason" it is very logical as a matter of fact.
people in general have zero faith in altcoins so they never hold on to them for long. when bitcoin falls it is an excellent time to start buying it in the dip. to do that you need money, the money that could be tied up in some altcoin if you are an active trader. so you dump that altcoin to go to bitcoin market and start trading.

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Even those coins whos projects have nothing to do with bitcoin like Vechain.
it is not about having anything to do with bitcoin. none of the altcoins do anyways. it is about that altcoin not being used for anything else except for trading or if we wanted to be correct for pump and dumps.

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I really feel like we've hit the market cycle top earlier than expected tbh
the altcoin market cycles are actually very short and sometimes big in pump size. also there is no reason for all altcoins to be pumped at the same time. so you shouldn't expect that either. for example during the past couple of days as all altcoins were dumping there were some that were pumped hard.