Post
Topic
Board Altcoin Discussion
Re: Can some AltCoins pump during bear markets ?
by
RussianEnglishTranslation
on 05/08/2022, 11:36:29 UTC
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
For sure, altcoins can pump during a bear market. ICP pumped 25% over the last week. If you had bought during the last few months you would be in profit.