It's official. "Happy Altcoin Season"

Discussion in 'Digital Currencies' started by Markco2, Mar 23, 2021.

  1. Markco2

    Markco2 Well-Known Member Silver Stacker

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    mmm....shiney! likes this.
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I bought 300k tokens of WIN out of boredom and sold them for not much more. It's doubled this past week.

    It is a token for a gaming/gambling site with billions issued. I'm convinced people are just yoloing into the cheapest Binance token they can find without any regard for its potential worth.
     
  3. Markco2

    Markco2 Well-Known Member Silver Stacker

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    I think what it comes down too, many are jumping in without any knowledge or understanding of the crypto space and eventually most will get burnt. Equally, with the chart I just posted, there will come a time not too far away where Btc will take a big hit. See the link at the bottom of my post. That will drag down a lot of the crypto coins with it. Some never to return again. Just looking at the rainbow chart, sure Btc may make it to $100k before another leg down. The question arises. Are people prepared and can stomach a large drop.

    At present, I only have a small amount of Btc on one side and have been accumulating Redfox Labs for a while on the other side. I like their projects going forward. e-commerce, data collection, NFT gaming, Livestreaming and Cashback. They are a standalone company as a venture builder using emerging tech to launch startup companies to operate in South East Asia.

    https://www.blockchaincenter.net/bitcoin-rainbow-chart/

    Cheers Markco2
     
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  4. silverstash1234

    silverstash1234 Member

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    not officially altcoin season mate. bitcoin dominance still too high, when it hits 30-40% then comes the official alt season, the price spikes in alts will be enormous. what you seeing now is just a warm up
     
  5. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    I think you got your chicken and egg mixed up there.

    Altcoin season comes first and THEN bitcoin dominance drops due to the altcoins outpacing it. Not the other way around.
     
  6. silverstash1234

    silverstash1234 Member

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    no you have it the other way around. bitcoin goes up first, has a monumental run up, altcoins either stagnate or go down. once bitcoin tops out, then it gets sold into altcoins, therefore altcoin season starts, bitcoin dominance goes down dramatically and alt coins peak
     
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  7. alor

    alor Well-Known Member Silver Stacker

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  8. BuggedOut

    BuggedOut Well-Known Member Silver Stacker

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    You have mis-read my post. Of couse Bitcoin season comes before Altcoin season. My comment was that Altcoin season needs to come BEFORE the bitcoin dominance (as a %) drops substantially. It is statistically self-evident.
     
  9. Revils

    Revils Well-Known Member Silver Stacker

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    I'm waiting for $2680AUD to cash out most of my ether position - it got so close late Feb!
    But I'm patient.
     
  10. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    ^ I'm HODLING my Ether. Going to get some nice rental returns from it in the future. ;)
     
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  11. Revils

    Revils Well-Known Member Silver Stacker

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    I was holding from a buy price of 7-$12USD and sold most at around $700 USD, then bought again last year at about $180USD. After it hits my sell point long-term I'm aiming for it to be about 10% of my NW, % rebalancing is good because you buy comparitively low, don't get caught up in any hype.
     
  12. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    I’m not a “re-balancer”, even with shares. I’ve learnt selling my performing assets reduces my capacity to grow my wealth. Others have different ideas I know.
     
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  13. alor

    alor Well-Known Member Silver Stacker

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    need more blood on the cyberspace, waiting for a cat-astrophic one
    need to be eyes level high lol
    no knee level, it wont do much
    number does not matter LOL
     
  14. Revils

    Revils Well-Known Member Silver Stacker

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    I do prefer rebalancing through purchasing and not selling, but sometimes higher risk things run up big enough I do a de-risk.
     
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  15. Skyblues

    Skyblues Member

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    BTC top isn't reached yet, dont think altseason started yet, when BTC stagnates after the top $70k? alts kick in...I'll keep trying hard to accumulate some good ones.
     
  16. alor

    alor Well-Known Member Silver Stacker

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    ...waiting for the baby being thrown away inside a bath tub
     
  17. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Last edited: Mar 27, 2021
  18. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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  19. jcsmrjack

    jcsmrjack Member

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    on board with RFOX !
     
  20. mmm....shiney!

    mmm....shiney! Moderator Silver Stacker

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    Index is climbing.

     

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