There is information somewhere that this season there will be no #Altcoin season and only#Bitcoinwill increase? making altcoin holders quite confused
- Most of us participating in the market buy altcoins and only a very few buy BTC so what we care about is when will altcoins increase strongly?
- At this time, the market share is still focused on BTC, so even though $BTC recently returned to the 70k mark, most altcoin prices are the same as at the beginning of the year, even many altcoins returned to the price of the year. Last time, new altcoins continuously searched for the bottom
- This period I think of the second half of 2020 of the previous cycle when initially the market share was still focused on BTC and pushed BTC.D up to 73%, then BTC.D started to break and we had altcoin season at the beginning of 2021
- Last season BTC.D increased up to 73% because at that time there were fewer altcoins and less Trends, so a lot of money flow focused on BTC.
- This season, there have been many Trends popping up, so it is very unlikely for BTC to rise that high, but if BTC.D increases at some point, it will fall sooner or later.
- The important thing is whether we can wait patiently or not, or if we lose our load in the middle of the road, or allocate capital inappropriately, so we have to sell altcoins at the bottom price to make ends meet, many painful lessons that many people learned last season. I encountered this problem, before Uptrend I ran out of money
- I personally still believe in cyclicality and still believe that money flow will be transferred from BTC to altcoins and to other systems and altcoin season will occur.
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