Thinking back to 2014 and even 2017, altseason was a breeze. You could just grab anything on Bittrex, and it would likely rise. Now it's like a whole new ball game and way tougher. There are just so many coins, and most seem to keep losing value against BTC.
From what I see, the big players are only interested in a handful of coins like ETH or SOL. The rest of the market feels sketchy, especially with all these new tokens coming out every month. I’m starting to think expecting everything to pump together could be a mistake. Maybe I’m off base, but I don’t think we’ll hit that 2014 vibe again where every random coin skyrockets in a week.
For me, I’ve been shifting back into BTC and the larger alts. I’m over holding onto mid-caps that just keep dropping, even when BTC is holding steady. I’ve seen too many projects crash since I became a part of this forum, so I’m sticking to safer bets now. What about you guys? Still holding onto those small bags or have you given up on them?
There have always been altseason but do not expect the altseason to be like how it was in 2014 and 2017. You have also posted already that there are more coins now. Some people said that there was no altseason in the last cycle but there was. Do not expect the altcoins to challenge bitcoin dominance as it was before. Also altseason is mostly more about gambling now. I am not saying it is not gambling before but it is more of gambling now than before.
I agree it feels way more like a casino now than before. Back then, we at least pretended we were investing in 'the future,' but now there are hundreds of new coins every day. It feels like trying to find a needle in a haystack.
No, altseason is not dead, but it's already happened last years. It's not many people aware if it's already happened two times. The first one was at Q1 of 2024, then Q4 of 2024. So it's no longer logical to keep expect same thing to repeat.
We're obviously heading toward the bear market. So no more altseason to come. People already cashed out their big win from memes. Bitcoin OG already used institution as their exit liquidity. Even some whales already sold their stash at the lose for consolidation purpose.
It's illogical to expect bull for alts when those things happened.
I'm not holding my bag anymore. 98% of my holdings are now stable coin. I already sold almost all of my alts back when Trump elected as president. I knew bear might happen. So i played safe game by only seeking for the yield by doing solo staking on CEX.
I just be patience waiting for another opportunity to buy alts at the big discount. it may come in the next months or year.
People are still expecting the altseason to be like that of 2014 and 2017 which was why when it came around they didn't notice it even though, they saw the price of altcoins pumping. They were expecting a special one after bitcoin bull run is over.
I have already given up on altcoins since it's hard to know the right project that will give us profits in the long run. I will throw a little amount on BNB to gamble with because the price was pretty good last bull run.
I never & don't know how all of you felt in that era, it sounds like a fun era. It's not that you can't feel it again, it's just that it's in different & wilder form now.
Q: Why is it different?
A: In the early days, you might have seen coins/tokens that had strong utility, but now they're not. They're driven by hype, not utility.
Q: Why is it wilder?
A: Not only can get x10 from your initial purchase, x100 - x1000 is even possible, in line with the risk you take as well.
Image Source: DEX Screener
You can see it yourself in the image above, token #1 gained more than 800%, while token #3 gained more than 2,7K%. That means x8 - x27 ROI in just 24H.
Majority of my portfolio has also gone into Bitcoin (BTC) & less than 5% into Ethereum (ETH). I still hold a small bag containing Oasis (ROSE), which I keep as a memento of my past work on the project .
I see those 800% or 2,700% gains in your image, but from what Ive seen lately, there are hundreds of tokens launched on those chains every week and only a very few actually hit those numbers. Most of them die within days. Back then, even the 'shitcoins' usually had a team and a bit of a plan. Today, most of these tokens are launched in seconds and are gone by the weekend.
I think the risk now is much higher than the reward for most people. Its easy to see the big green numbers, but you don't see the thousands of dead wallets left behind. Its just a different game now.
You're right about that, behind those big green numbers lies a dark story. IDK if you've heard of it or not, many people have lost all their wealth that they have accumulated for a long time & then it's gone just like that. While people once considered crypto as an investment medium with fundamental utility, now with these meme tokens, the crypto market is more like super casino than good market or investment platform. Well, it's better to focus on assets that clearly continue to grow like Bitcoin (BTC), that's the wisest choice.
It just doesn't happen that way anymore because there are hundreds of thousands of tokens now. From what I see, the only alts that actually pump and stay up are the big, reputable ones like BNB or SOL ,ETH because thats where the actual money and users are. The rest of the market is just people gambling on coins that don't even last a week.
I think youre right to give up on the small stuff. Its way too much work to try and find one good project in a sea of scams. Better to just stick to what works.
Yes, this altcoin season has changed, unlike before. It's even different from the 2021 altcoin season in the previous cycle, where altcoins managed to achieve capitalization that attacked Bitcoin's dominance. Currently, it's just a narrative game, pom-poms, and hype cycles. Gambling in the past, if you hit the jackpot, would be very big. Remember the time of Shiba and Doge? Or Waves, NFTs, and other altcoins that brought us to the peak of happiness of price increases. While this altseason is different in terms of altcoin hype, it's because the many coin categories and altcoin population are growing exponentially, hundreds of times the growth of new projects and new altcoins. Moreover, in some networks, it is very popular to create a coin that represents memecoin gambling.
I have seen many people lose everything because they got greedy chasing those big numbers. It is sad because they think they are investing, but like you said, they are just playing in a super casino.
I remember when people used to talk about the tech all night long here. Now, most of the talk is just about which meme coin is going to pump next. It's much more dangerous for new people now because the scams look more professional than they did in the past.
Sticking to BTC is definitely the wisest choice if you want to actually keep your money.
That's what a lot of people have done, they transferred all crypto assets to just Bitcoin and big altcoin project like ETH and co. A lot of investors are no longer depending on too many altcoin because they discovered that out of the thousands of altcoin in the market, only few are spotless including the big projects like SOL. If everyone is moving to Bitcoin and those few big altcoin, it means that the price if those big altcoin will just revolve around the bull and bear season of Bitcoin, they might not have an altcoin season of their own again. My opinion is based on what happened this past season, I didn't see any altcoin season except Bitcoin season which other altcoin took advantage of the season too.
That's because the market wasn't yet crowded before and any demand that's being added, it's visible.
You're right about big money, that's what they care about right now.
Because of the stability from these projects, they don't want to put so much risk anymore to the new ones unless they have become quite big.
I've got some small bags but I'm not looking back to my losses there, if something moves a bit big, I'd sell in a heartbeat.
Altcoins season already came and gone but it was not the regular type of season which people already know so it became very difficult for people to catch them as they used to do the feeling that altcoins season is dead is quite understandable but it's not dead but instead the number of coins in the market is so large that it can't get much attention because no body knows what to buy this time instead everything is looking the same it's not something that should happen hence altseason will not come as usual instead just stick with what you know.
Simple, there are too many extractors such as altcoin project developers than the demand in altcoin. The retailer also got bored in altcoin market because it's full of opportunistic dev trying to max extract them without leaving room for profit.
There has been few ICOs recently raising at $300m+ FDV and all of them getting listed at half of the price leaving retailer in ~50% loss. The rest of altcoin that already got listed don't get liquidity because of this.
The altcoin space is pretty much dead because all of these extractors, only few altcoins left worth investing like Ethereum even then it's heavily underperforming in this bullrun. In short, too many greedy developers wrecking the space.
That is because in a year like 2017 that you are thinking of, the bitcoin price was going on constantly and the massive rally of that year attracted a lot of newcomers with "fresh money". These newcomers were then caught by the altcoin advertisers and fooled into putting some of their money into shitcoins. That helped pump a lot of useless shitcoins. This is why what you said was correct ("anything you bought went up").
We haven't had a similar prolonged bull market ever since the 2017 cycle. We have only had smaller bull markets, during which the altcoins got pumped as well but only on a smaller scale.
So I wouldn't say "alt-season is dead", because it is not something that can die due to its lack of independence. Whenever bitcoin starts rising back up again, the shitcoins will start pumping too.
When an altcoin is dumping to negative 90% and beyond, for it to come back to initial price before dump it needs more than 900% price gain in one go without any dump.
That alone is impossible to happen unless there is a miracle or the coin somehow get manipulated.
The altcoin season will hardly put us out of the recovery mode even if we have massive gain of 300%. Such an eye opening data for anyone that genuinely waiting for altcoin season and bought their altcoin bags before the great dumps.
Well, last year showed that this isn't the case. There were indeed some altcoins that performed well, but relative to the total mass, there weren't that many of them.
I think many expected to see a full-fledged alt season on the market, i.e., when all alts grow, while BTC dominance decreases significantly. This definitely didn't happen, and some shitcoins remained at the bottom, even when BTC reached its ATH.
Altcoin is not dead but it is reset. We have so many altcoins. But not many altcoins is good enough and could stay in the top position. So there will be a reset to eliminate bad altcoin and replace by better coins.
Good if you moving back into Bitcoin because that is the main investment you can have. Altcoin is good for investment but you must be careful choosing the coin. You should remember that only good altcoins can staying at their position while the rest will be gone.
Altcoin season will comes and gives you profit. But that is only if you have the right altcoin or you can finds the hidden gems. Maybe you can stick to the top 10-25 altcoins to invests and leave the rest. But don't forget to use Bitcoin as your main investment.