Forget Trump. Bitcoin Is Ready to Surge, and Altseason Is Looming

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chad100Senior Member
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#1Mar 20, 2017, 12:58 AM
Trump seems to be fumbling his way through the whole Iran situation, not realizing he's losing. His next plan blockading the Strait of Hormuz will probably shift into talks soon. By damaging the global economy, he’s managed to unify the world against the US. Bitcoin started gaining traction once the conflict broke out on March 1, and bears haven't been able to drive it to new lows this year. Today's effort to pull Bitcoin down? Classic correction as the market processes bad news. What really stands out is that Ethereum has actually doubled its growth compared to Bitcoin since March. To me, that’s a strong indicator that altseason is coming. The crypto market tends to follow the same pattern of capital rotation: Bitcoin Takes Off cash flows into BTC as it’s seen as the safest bet. Ethereum Takes Over as BTC slows, profits shift into ETH. Large Caps Boom next, big names like Solana, Toncoin, and others get active. Altseason the grand finale, even the most questionable coins start to surge. So you can either start searching for the next big altcoins now, or wait for another signal when 75% of the top 50 cryptos have outperformed Bitcoin in the last 90 days. We’re already over 60%.
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w1z4rd100Senior Member
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#2Mar 20, 2017, 01:03 AM
For me, with times like this. I am more conviced to Bitcoin than of any altcoins, even Ethereum. Just check how most of the altcoins follow or correlate with Bitcoin right now, so for me, it will not make sense at all to ride to Ethereum or other altcoins than Bitcoin. Well, this is also from my own experience because in the past I already did like this, right now I have already learnt my lessons.
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miner777Member
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#3Mar 20, 2017, 06:26 AM
While ethereum or other altcoins may seem like good projects at times no one has the decentralization and security of bitcoin. When the market is volatile or bitcoin makes a big move, altcoins simply follow bitcoin. When bitcoin rises altcoins rise slowly but when bitcoin falls slightly, altcoins fall at a much higher rate. It is much safer and wiser to stay in bitcoin than to take on additional risk in altcoins.
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chris.deg3nFull Member
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#4Mar 20, 2017, 06:58 AM
Why think about altcoins? while the main topic of the discussion happening is on Bitcoin. There's more chance that Bitcoin will pump after the war ends and Bitcoin will successfully get more demands. Than those altcoins. Somehow I understand the sentiments of altcoin holders. Since for long time they are waiting for this season to happen, but they always caught up short handed when the altcoin season they are waiting for didn't came. But still its up to them if they can still afford to wait or just decide to shift and buy Bitcoin.
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GigaSatoshiFull Member
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#5Mar 20, 2017, 09:03 AM
You can try your luck with altcoins, as long as you know your risk tolerance. This means don't accumulate everything you have because you think alt season is coming and then regret it later. After all, the future can't be predicted accurately, and you know, current market conditions are quite difficult due to the global economic turmoil. I always prioritize Bitcoin first in the current situation. Accumulating Bitcoin is much better, and even better now.
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w0lf404Hero Member
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#6Mar 20, 2017, 07:53 PM
This was just a partial theory of the altseason roadmap in the past. Now, I wonder if it still holds true? Linking geopolitics to crypto trends is certainly necessary, but not for altcoins for the time being, as they are irrelevant to the need for "freedom."
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laser51Full Member
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#7Mar 21, 2017, 01:09 AM
When you ask people who is the cause to all this economy imbalances we are facing now as the entire world is being taken for ransom, is it US to be blamed for attacking Iran or the Iranian government that are left vulnerable than two also fight back by the last option they have which is strait of hormuz, but I don't think the Bitcoin market price should have much to do concerning this since the incidence of the war has begun, we still maintain the dip because of the bear season, and I don't think we have any indication for a bull market now or anytime soon.
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the_kingHero Member
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#8Mar 21, 2017, 02:01 AM
That's an interesting thought and speculation, let Trump do what he wants, remember Iran is Persia, not an Arab nation, so there is no such thing as submission and surrender for the Persian nation, the dispute over the Strait of Hormuz is not the first, a situation like this has been going on for centuries, sofocus on Bitcoin is better. We have seen a lot of war in the Middle East, but Bitcoin speculation is still going well, for this reason this is the best strategy and way to enter Bitcoin, I am sure that in 2028 the Bitcoin price will be much higher than yesterday's ATH price.
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humblefarmSenior Member
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#9Mar 21, 2017, 05:58 AM
I am not expecting an altcoin season this period. There have been expectations that it would happen after the Bitcoin rally, but it never happened. My view is that we have entered the bear season, so traders need to be careful. The global economy is under tension, so I don't expect the crypto market to experience a high price increase. It will be better to keep stacking Bitcoin until we enter another bull season.
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t0m2020Senior Member
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#10Mar 21, 2017, 06:56 AM
Not sure Trump already did the worst he could long ago, and Daddy Trump was still and will always be the darling of NATO (and by extension, practically the EU) -- what I mean to say is, there couldn't possibly be any more enemies to be made, so "the whole world" against him, not quite the scenario you (or I) would like to believe. Have to say if the altseason really arrives, it will be one of the sorrier ones we've seen. And I'll admit I'm not in the scene of alts but it's hard to say "altseason" when the ones I know from just the past cycle or two aren't really covering themselves in market glory.
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coin_sigmaLegendary
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#11Mar 21, 2017, 10:31 AM
It appears that you are still expecting altcoin season for Ethereum? You didn't notice it reached a new ATH last year, and I believe the altcoin season has ended since then. There are many things changing in crypto these days. What we knew about altcoins is no longer happening separately from Bitcoin, but last year we saw most of the well-known coins become hyped during Bitcoin's bullish season. BTC.D is still in the middle, which means it can still dominate altcoins, unlike in the past when we had an altcoin season and BTC.D.s were low. So, I think altcoin season will only happen again after the Bitcoin block halving since BTC.D is still under 59%; altcoins can't fight against the mother of all, but they can go alongside Bitcoin during a bullish season.
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cyberp1x3lFull Member
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#12Mar 21, 2017, 11:39 AM
Problem is that most people are not ready and they are not willing to wait and they make bad picks as well. That is why altseason is not happening, because people rather invest into some shitcoin meme that they think will do 10x and instead lose 100% instead of investing into something like eth or sol or whatever. This is why we are not seeing people make smart decisions and as long as people keep making these type of decisions, we should not be worried about it, we need to make sure it can change for the long term. Bitcoin is the way to go during times like these, I agree with that, collecting and accumulating bitcoin during this time, for a year or even two years, would be the smartest thing anyone can do.
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jakewolfFull Member
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#13Mar 21, 2017, 04:34 PM
It is not an observation but it is true that the market that has not experienced any impact since the conflict with Iran is Bitcoin. People expected Bitcoin to experience a price crash but it didn't. I'm not an expert in reading charts, but I have more confidence in Bitcoin even though there will be an altseason and one of the altcoins that is experiencing an increase is Ethereum. I don't want to say Ethereum is bad and just choose Bitcoin, given the opportunity to make a profit, maybe Ethereum is the first choice over other alts.
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im_orbitMember
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#14Mar 21, 2017, 08:09 PM
I don't if there is a direct correlation between Bitcoin and the ongoing war, even if there is, we are not seeing the impact much on the market since Bitcoin have remained relative bearish before and even during the war. Assuming there is direct correlation, then we would have been seeing prolong reaction of the market in terms of sustainable move in one direction. Instead of this, what we have been seeing are minor corrections and a market that have been in consolidation for long. Even when the ceasefire was announced, we did not see any major and prolong reaction of rhe market to such news. I think we have passed the stage where simple news no longer move yhe market so hard instead market will.just react shortly and go back to rhe prevailing direction.
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QuantumVectorFull Member
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#15Mar 22, 2017, 02:24 AM
I'm surprised that someone is thinking of the altcoin season happening when most crypto analysts believe that this year we will have a Bitcoin pump to $100k, not for the altcoin season to come because it happened last year, and many crypto investors missed the opportunities. What we should be having this year is price recovery in both Bitcoin and altcoins. I think that's what is currently happening. Those who will be lucky, are those who bought Bitcoin and altcoins at their low price before they begin to make a price recovery.
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chad100Senior Member
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#16Mar 22, 2017, 06:50 AM
There's no security in Bitcoin. Objectively speaking, cryptocurrency mining happens in only two places: China and the USA. China already banned BTC mining, so about 20% of the hashrate comes from underground operations. In the US, the Democrats dream day and night about slapping a tax on Bitcoin mining. And it's going to happen soon. But miners aren't making any money mining BTC anyway. Their financial reports are nothing but losses. The halving is coming up, and after that, bankruptcies will follow.
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chad100Senior Member
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#17Mar 22, 2017, 09:45 AM
The Bitcoin blockchain is already an "open book" for analytics firms like Chainalysis. Real freedom comes from cryptocurrencies with anonymous transactions, like Monero and ZCash. Crypto investors have recently woken up to this fact, which is why XMR and ZCash are hitting record growth.
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chad100Senior Member
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#18Mar 22, 2017, 03:59 PM
You agreed yourself that as soon as the war ends, a bull market will kick in. Oil prices will drop and the Fed will start cutting rates. Well, Iran has already won this war. Though the US declared itself the winner and is already winding down operations and pulling troops out. If you're about to tell me about the blockade, Chinese tankers have already broken through it. They sailed right under the noses of US warships. Nobody laid a finger on them.
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w0lf404Hero Member
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#19Mar 22, 2017, 06:16 PM
All they can do is "spy" and only act after your Bitcoin is trapped in a centralized loop. As long as you use it on-chain, you're free. Furthermore, Bitcoin being labeled tainted doesn't necessarily mean there's no takers. I think the Iranian government also has its reasons for choosing Bitcoin for tanker tolls, and I have no doubt they have a number of anonimity experts as well.
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maxi2011Member
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#20Mar 23, 2017, 12:34 AM
Short-term growth in altcoins don't mean much, because in the long run, they will always follow the footsteps of Bitcoin, and we know that if Bitcoin stays sideways or goes down because of the geopolitical tensions fluctuating from time to time, altcoins won't be able to have their own season because most investors won't prefer altcoins over Bitcoin no matter what. If traditional or institutional investors abandon Bitcoin for any reason, they will probably go for traditional investments instead such as Gold and stocks, and not altcoins, so if Bitcoin goes down because of that, altcoins will have the same result. I don't know why so many people are optimistic that Bitcoin is set to rise, because I don't see much chances for that to happen. If war ends and ceasefire becomes prominent over other things, investments from Bitcoin will surely be transferred to traditional investments, which will be the last reason for the bear market to gear up and show its full power, and then bears will do the rest, for sure. We are already in the bear market, almost, and it only needs confirmation, and as soon as the price of Bitcoin drops around $60k again or goes below that, it will be confirmed.
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