Heard a saying that when big liquidations happen, altcoin season kicks off. Now that we've had a major dump, is it time for altcoins to rise?
Are We Seeing the Start of an Altcoin Boom?
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fewunderstandLegendary
Posts: 284 · Reputation: 5964
#2Apr 9, 2023, 02:43 PM
Gotta be careful. Just because we had a liquidation doesn’t mean an altcoin season is guaranteed. Past events don’t always repeat. It’s all about the current market situation.
Not sure it’s wise to predict this just yet. Altcoin season usually follows Bitcoin’s rise, and right now, Bitcoin doesn’t seem like it’s ready for a major surge.
Honestly, I think we've already entered altcoin season. Stop waiting for signs because some alts are already moving.
Yeah, but many are just gonna end up buying at the wrong time. It’s risky if they think they’re catching the perfect dip.
This is new to me. I thought big sell-offs pointed to bear markets, not altcoin pumps. The last real altcoin season was like in 2017 when Bitcoin was on fire.
ledger2014Member
Posts: 2 · Reputation: 73
#7Apr 10, 2023, 06:21 PM
Every dip is a chance to buy! Old alts like LTC and XMR often bounce back quicker. Historically, October’s rough but November can be bullish.
True, but not every liquidation should signal an altcoin season. Trading’s unpredictable, and if that was the case, everyone would be winning all the time.
Yeah, Bitcoin needs to show some upward movement first. Without that, altcoins won’t have the support they need.
Liquidations might help clear out weak traders, but they don’t mean altcoins are safe. Sometimes Bitcoin just drags everything down lower.
Not many altcoins will survive this drop. Bitcoin’s gotta hit new highs for the altcoins to have any chance of lifting off.
I’m waiting for that altcoin season too! Just hope the coins I’m holding aren’t dead weight while I wait.
Every dip is good for stacking more coins, but you can’t expect every drop to lead to an altcoin season. It’s risky, so I stick with major coins.
Yeah, even with big liquidations, I’m not convinced we’ll see a rally soon. Just how much lower can altcoins go?
Exactly! The liquidations might just set the stage for more drops. Altcoin seasons usually need Bitcoin to trend up for a while.
I think we might already be in it. Some alts have pumped, but who knows if it’ll last or if another drop is coming.
We need more than just liquidations. Positive market sentiment is key for altseason, and that’s missing right now.
Doubt it’s gonna happen. Stablecoins are taking the liquidity, and folks are less likely to risk it on altcoins like before.
As some said before, do your own research! Altcoin movements aren’t predictable, and relying on Bitcoin is essential.
Crypto's all about speculation. If you don’t research, you’re lost. Altcoins can’t always keep up with Bitcoin, and you gotta be ready for surprises.