Quote from: Sophokles on February 20, 2024, 06:41:09 PM

Quote from: Moreno233 on February 16, 2024, 10:14:19 AM

It is a general believe in the cryptocurrency community that Bitcoin bull season is usually followed by altcoins season. I don't know the logic behind it hence the reason for this post. The present bull run seems to be dominated by Bitcoin and its already taking too long without corresponding rise in price among the notable altcoins.

So, should we also expect altcoin season following the current bull run? If yes, what are the best altcoins to focus on?

This happens because of the money flow in the crypto market. Money first flows into bitcoin which pushes the price of bitcoin into a new ATH. Then investors start booking their profit which makes the price of bitcoin stable and investors start investing their profits into major altcoin which pushes their price as well. Investors book their profits in major altcoin and move their money into small projects. This cycle continues and all the altcoins start shooting upward which we call an all-season.

Another important factor is that many investors will want to jump into the bandwagon very late, so they will see the massive gains bitcoin has accumulated and they will not be positive bitcoin can keep going up.

So they will take a look at altcoins instead and invest in them, making the growth of those coins incredibly fast, unfortunately the crash of altcoins is even faster, so it will not be rare for someone to go from poor, to rich and then to poor again in a single day.