Quote from: letteredhub on February 25, 2024, 10:08:36 AM

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?

It's a difficult logic it's all about the market sentiments from the angle of investors, as the bull run is expected and a lot of invested looking forward to see bitcoin break bonds with new ATH pricing it is believed that as a leading crypto bitcoin has an influence on the performance of every other altcoins to also do fine, but this also has to do with the potentiality of the altcoin as there are a lot of altcoins that are going to have a deficiency of growth in value even when the bull run is in full force, that's where the difficulty of getting a good coin comes in.

Ignorance plays a big role as well, many of those that invest during the altcoin season are either new investors which do not know anything about the market, or they are people that are not satisfied with the profits bitcoin could give them and prefer to take their chances by investing in altcoins.

But regardless of the reason, investing in altcoins is a very risky move, since we know that even projects that have made it to the top 10 became scams, and the people that thought they were holding a good asset were left holding useless coins they could not sell anymore.