Quote from: yudi09 on December 18, 2024, 06:57:23 PM

Quote from: estheblessed on December 17, 2024, 02:42:32 PM

I understand we are entering altcoin season and things will be bullish. But when will we see the downward trend? Are we talking mid 2025?

I know its a bit of an unknown but interested in hearing peoples views/predictions...

A speculation board would be a good board for this discussion topic in my opinion if you are willing to move it.

We are entering altcoin season. This is when we need to be able to choose which altcoins we are going to choose in expecting good returns.
It is not uncommon for people to get caught up because they do not have enough knowledge about this. In my opinion, a good altcoin is one that has a strong foundation not one that follows the hype.

Yes, that's right. We are indeed entering the altcoin season and it will most likely happen in 2025. Because if we look at the data from the previous cycle, a few months after bitcoin rose sharply, it will be followed by an increase in ETH and continued with what is called the altcoin season. Where the majority of altcoins will rise much higher than bitcoin and in a season like this there will definitely be potential to make a profit.

However, it is also inevitable that many are still trapped when the altcoin season occurs, many are still at a loss because they do not have strong knowledge, they choose coins only based on trends not based on strong fundamentals. This is what needs to be fixed, especially for those of us who are in this forum, of course there is a lot of information that we can get here, especially in choosing altcoins that can be profitable when the altcoin season occurs.

In essence, altcoins and bitcoins actually have different goals. It should be underlined that bitcoin is for long-term investment while altcoins are for short-term profit, so you have to be smart in choosing coins and have to be smart in finding the right timing when making decisions.