Is Altcoin Season Around The Corner?

in #bitcoin5 years ago

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Image source: Pixabay

We have seen ALT-s pushed down hard in BTC value with this recent Bitcoin rally to 6K but since BTC now breaked psychological resistance i belive we will see lot of non crypto websites and news channels talking about Bitcoin again which could lead to increased number of newcomers.

We all know that newcomers hunt bigger potential profits and ALT-s can increase in price much more from BTC with just small amount of fresh money is it possible that the right way would be now to convert portion of BTC to ALT-s or you think the trend will continue pushing ALT-s on new lowers in BTC value? What did we see in 2017?

On 2017 Bitcoin goes up - ALTS go down, Altcoins run started about a month or two after the BTC run and outperformed BTC so will history repeat itself? Everyone saying "Oh no ALTS are going down, they are dead" but are they really dead when you look USD charts?

I dont see drop in value, in fact from december Litecoin went up +300%, Tezos +250% Ontology +120%, Ethereum +100%, VeChain +90%, etc. There are also coins like RVN, ENJ, BNB, LINK that gained more then +300% while Bitcoin made "only" +80% so Altcoins actualy are doing very good and this might be just a smaller correction before pump.

Best Regards,
Andriano

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