Quote from: Xal0lex on April 08, 2023, 03:57:24 PM

Quote from: inthelongrun on April 03, 2023, 02:27:38 PM

It looks like many altcoins are already moving and are in significant gains this year after bitcoins' strong recovery in this year's first quarter. I also started to slowly accumulate some altcoins. Although what is happening this early strong crypto bounce does not guarantee a more upward movement in the next months. I still consider this year as a bear year or accumulating period as most call next year the highest probability of a bull run due to the bitcoin halving. But I can smell that this year will be better compared to last year.

I don't quite agree that many altcoins are rising and showing good growth. Altcoins are rather recovering, they only show growth for those who bought at the bottom. What about those who bought last year or in 2021? There is no growth for them, as the assets have not recovered even 50% of the values they had during the bull run. Still, most investors in the crypto market are still at an unrealized loss.

Yes, the whole market has started recovering value with Bitcoin crossing $30k, and it might be the signal of an upcoming bull run, we have seen that Bitcoin has been pretty stable from the last month after it reached $28k at the end of March, but it has finally moved up a little, so that's surely a positive and we will see a lot of mixed emotions pouring in shortly.

About altcoin accumulation, I believe buyers must have already accumulated enough during Bitcoin's drop back to $19k and then getting back to $28k last month, and those who bought at the bottom are already enjoying the price movements.