Been noticing some alts moving again while BTC is kinda sluggish near its resistance. A lot of folks are saying altseason is on, but I’m not buying it just yet. BTC dominance is still pretty solid, and we’ve seen these short alt pumps before, only for liquidity to flow back to BTC. Total market cap for alts is looking a bit better though, with larger alts gaining some volume. Market vibes feel a tad more optimistic.
Are We Really Seeing an Altseason or Just Another Pump?
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SilentBearFull Member
Posts: 19 · Reputation: 453
#2Jun 9, 2018, 10:29 AM
Seriously? I checked coinmarketcap and I don’t see any reason to think altseason is coming. BTC is down, and most alts on the first page are too. Feels like wishful thinking to me.
There’s this saying, "Sell in May and walk away". Not saying it’s always right, but it feels like now is that time again. Lots of alts are just bouncing back to their accumulation ranges, some even hitting all-time lows again. Geopolitical issues aren’t helping either.
BTC dominance is still over 50%, showing how much alts are lagging behind. Plus, ETH’s drop isn't helping the case for an altseason.
HyperBlockMember
Posts: 57 · Reputation: 80
#5Jun 10, 2018, 11:55 AM
Before we start talking about an altseason, we need to see a lot more alts pumping. It’s not the same as before. Just because a couple of alts go up doesn’t mean it’s a season. They’re just trying to survive right now.
Honestly, I don’t see any altseason happening anytime soon. Bitcoin dominance needs to drop significantly first. Right now, it’s the opposite. The Altseason Index is around 28% not even close to what we need.
Looking back, when has altcoin season ever started that soon after a BTC bear market? Sure, some alts might do well, but that doesn’t mean we’re in an altcoin season. It feels more like desperate bag holders trying to hype their coins.
Who even said we’re in an altseason? What’s happening now is just the market consolidating and correcting. We’re still in a bearish phase of the cycle. Be careful out there.
What’s with May anyway? It’s just a saying, right? Could be any month really. We’re in a long bear market, and while some prices might rise temporarily, I’m not convinced it’s anything more than that.
No altseason is happening right now. Those few alts going up? Just regular pumps, nothing to get excited about. It might even be the end of the hype.
nick.orbitFull Member
Posts: 73 · Reputation: 446
#11Jun 11, 2018, 06:26 AM
I think the market is just making people restless. BTC’s been moving sideways for a while, and some are calling it a bull trap. A real altseason needs stable metrics Bitcoin dominance needs to drop below 55%.
Yeah, wild speculation is everywhere. It looks like people are just trying to create hype for their own gains. This market is still bearish and we need to be cautious.
Honestly, it feels like a tradition to post about altseason on crypto twitter. May has seen a lot of pumps, but usually, it ends up with a dump. Let’s hope it’s not just another shakeout.
The market doesn’t seem to indicate any altseason. Everything feels volatile and unclear. Until we get a clear direction, it’s all speculation.
Another dreamer thinking altseason is here. We’re still in a bear market, and these pumps aren’t enough to shift the market. Altseason will only happen in a true bull run.
I’ve put some money in alts hoping for a season too, but honestly, it might be time to let that dream go. The market has changed; we should adapt instead of clinging to old hopes.
f0rk_5tackNewbie
Posts: 32 · Reputation: 3
#17Jun 14, 2018, 10:33 PM
The Altcoin Season Index is 33 out of 100. Sure, some alts are performing better than BTC, but it’s not a trend yet. Volatility is still high, and the risks are real.
Right now, alts are just following BTC. We should wait a bit before jumping to conclusions, as they seem to be consolidating. If we break some trend lines, I might change my mind.
Yeah, we might as well accept that altseasons might be a thing of the past. New coins can pump, but older ones are struggling to even get close to their ATH.
Just a few days ago, many alts hit all-time lows. Traders seem to be waiting for BTC to stabilize before making any moves. Maybe around July or September we’ll see some action.