Quote from: DanWalker on Today at 08:53:34 AM

Quote from: Sayeds56 on August 02, 2022, 11:46:52 PM

Quote from: Len Saldua on May 20, 2022, 08:03:44 PM

For those who lived during the past bear market ( 2018 /2019 ):

Can AltCoins go against the larger trend and actually pump nicely during a bear market ? I know there was a bit of a pump in 2019, so I don't know.. but right now I'm seeing Gods Unchained, Ox and a few other coins pump even if Bitcoin's Market dominance is still well over 42 %. Lets not also forget the market is still in a downtrend headed for lower lows at the moment. So would there be any point in trying to FOMO into altcoins pumping ?
I personally exited the market almost entirely, plan to re enter when Bitcoin hits 15K or even lower. Then again I've noticed some alts coming desperately close to the negative 98% mark... you have to wonder how much lower can they go

Good Alts can pump anytime, it not only depends on prevailing market conditions but also on development going behind the project, likewise Ethereum merger is well is progress and it is likely to complete within a month, so it will definitely have good impact on its price because this development will create more demand of Ethereum. Another example is burning of coin event that reduces supply of coins, hence makes good impact on price.

Pumping in the bear market and going against the trend with bitcoin can be seen regularly, but most of them will only be for a certain period of time and it will soon return to the flow of bitcoin. It can't go against the whole market, bitcoin dominance is still huge in the market. Not only with good altcoins but this will happen with any coin even more with shitcoins, sometimes they don't follow any rules at all.

It's the flow of the market, and if you are familiar with how to read the Fibonacci then you will recognize when the pump and dump will begin. The other thing is when the whales are trying to increase the volume of a certain altcoin then they will pump it until new player/investors will come in then buy on the trend then whales will do their usual job.