Casual talk about
#altsesaon while everyone is fomoing
Suppose we only have
$BTC to fomo, this will surely create a very crazy price at this moment.
If so, do people see it similar to the tulip event because nothing is perfect, humans will always find something to replace in order to develop and
$BTC is no exception.
The basic principle in economics is that when the price is high and the community using it is larger, if there is a substitute product of almost equivalent quality, with a lower price, at this point the value of the product can easily drop while the value of the substitute product rises. This is exactly when the
#altseason season begins, when
#BTCdom releases altseasons.
After that, people realize
1. Substitute products or
#altcoins are not as good as advertised (evidence is that altcoins after reaching their peak fall back to the ground without surpassing the old ATH)
2.
$BTC still shows an increasing value (through government acceptance, bla bla information)
And so we come back to the circle of accumulating BTC and this is what sharks want, as they do everything possible to hold BTC to maintain their position and avoid being replaced, leading to disasters like tulips (this is why $ETH should not be considered gold, let it be silver used for production, not for investment accumulation)
Conclusion: There will be a season of
#altsesaon for those who persist