Altseason start?? Or just some good ol' green?
And what a delightful sight to see all of a sudden in the morning. Well, actually yesterday already this process has slowly started to develop, but today is green, green, green!
Will this be the beginning of a new alt season maybe? Some indicators have already been saying for a while now that an alt season is just around the. But will this be actual outcome? People are more sceptic compared to the ICO alt season when every coin seemed to moon without any season.
But now with a little more background and a healthy dose of thinking a bit more, but on the other hand with the Covid-19 virus, governments who are printing money and economies which are collapsing, who knows what crypto will have to offer. Maybe it will be the next safe haven, and even lurking around with some alt/BTC pairs might just do the trick.
We will see how it will it go over the next couple of days, but at least I like the sight of this again, it has been a while since the double digits were ruling the coinmarketcap. Bring in the bucks!
I agree this is due to the dark clouds of recession hanging our global economy. Gold may be to expensive and since all fiat-currencies are in decline, it maybe the last harbor for people to invest in/convert their savings into. I know I did :)
I think you made a good call in this one. In general it isnt a bad idea to spread amongst all kinds of fiat/gold/crypto/stocks but god the moment when to buy is such nervewrecking thing hahaha
Also the banks now charging for a positive balance on the account helps people looking for alternatives. Most people however seem to be very hesitant to go full crypto and are stuck with negative interest on a positive saldo.
It seems to volatile and weird for a lot of people to grasp, which is okay! As long as they do something to spread haha