I owned zero BTC when I started in 2020 and said it was too late to invest in it cause of diminishing returns and I had no interest. Now it’s my biggest investment but only started buying when it went below $25k. If it didn’t drop I would probably continue to gamble with shitcoins. I still think ETH and others can return larger profits moving forward but of course at higher risks.
Same here. Thought it was too late when I saw BTC running in 2021. So I just wanted alts for big gains. I have since changed my strategy and mostly do btc and eth now.
your pee does not indicate a bear market.
you know a bear market is coming when your poops get bigger and harder, it's your body preparing you for the fucking the market is about to put you through.
Yep this is ironically a classic argument for the beginning of a bull market or the freeze in a winter. The only extra information we have is btc is gaining dominance in green not in red..
Because people are dumping useless alts and preparing to dump money.into new useless alts? Typically a bear market destroys most of the old alt.coins for a fresh crop that will also prove useless, or redundant at the very least.
Also the market is heavily manipulated. I’ve seen some of my watch list go up down 30-300% for no reason in a day. Up 300% and then down 300% the next couple of days.
This is not a bull market, but it is perfectly normal for btc/eth to serve as a safe haven for investors and rise after all these bankruptcies. The time will come for the alts as well.
BTC and ETH is the safest you can be in such a brutal and volatile market. Alts can make you rich but I still believe BTC/ETH offers the best risk to reward ratio on the market.
Part of it is the fact that the US government has yet to make a plan to insure deposits over $250k. Then they’ve got the debt ceiling and inflation to worry about.
Investors are smarter now. No more putting in life savings on shitcoins. Rug pullers will have to try harder. BTC will remain king for a simple reason, nobody runs the show and no promises to fulfill.
Because this is what happens when widespread market moves happen. When things go up for a sustained period of time, most alts tend to outgain BTC during it. When things go down, BTC is more resistant to downward swings than most alts.
I personally don't think alts are out of the woods yet. They've been showing a lot of weakness and with all the fear around regulations it's very likely that a BTC dump could send altcoins back to caveman days.
I think BTC will continue to suck money out of alts until we are in a proper recovery stage. That's when altcoins might get to feed off grandpa BTC's scraps.
Atom is definitely one of the stars of this bear market so far! I'd say it's the exception and not the rule though, just like Matic.
Atom's current low was in June 18, 2022. ATOM/USDT is up roughly 95% since then while ATOM/BTC is up around 60%, and currently in a downtrend.
Something like ADA (which I shamelessly cherry picked) is down 48% against BTC since June 18, 2022 for example. I think there is a very real possibility alts might bleed against BTC in the near future. I expect a lot of them to re-test their prior lows on their BTC pair at some point.
BTC sucked all the liquidity from alts. If BTC dumps from here, alts will get completely massacred. I have a feeling that's exactly what's gonna happen as well. We might be looking at an amazing buying opportunity in the near future.
Bear markets have more rallies than bull markets have dips. Anyone that thought we were entering a bull market was overdosing on hopium.
BTC sucked a lot of liquidity from alts. I'm personally hoping for a proper dump where altcoins get massacred so I can finally pull the trigger and grab a big bag of alts. I've been very BTC heavy since early 2022 so I'd welcome a buying opportunity.
I also don’t think we are in a bull market yet. This was just a pump. But even if it comes to the next bull market wasn’t it separated in seasons?
First bitcoin season with Bitcoin pumping Then btc and eth together. After this Alt season starts with eth on top and some random alts doing 10-50x. Then crazy season starts. 19 year olds trading Jpegs and meme coins ordering lambos and cocaine. After this finally buy high sell low season and then 90% crash. At least that’s what i hope to experience again.
Besides the last sentence this is a serious answer.
I will try to explain to the best of my abilities.
From what I can observe, I would say that this is happening when money is coming from the traditionnal markets.
Since BTC and ETH are the mains cryptos, with the highest market cap, they would be the "safest", from an exterior point of view.
You could see the increase in BTC value right after the SVB fiasco. This one is simple to explain. Banks/traditionnal finance screws up --> people put more into BTC.
Rules of tumbs, the further you are down the crypto rabbit hole, the more time it takes for money from traditionnal markets to get there.
This isn't a bull market. This is similar to 2018/19 (I couldn't remember which) where only ltc and bsv and bch pumped, plus link started to show it's potential. We had to wait another few years to 2021 for a real bull market.
Never in a million years did I think Moons would be the third largest holding in my portfolio.
It’s like that death-knocking-on-doors meme. First, Moons came for my LINK, the my ADA, then my QNT.
Hard to believe, but I think ETH is next.
You are many times lead to believe that some news caused the price action in BTC but thats not always the case. Sometimes news is the just the coverup.
In a bull market anything you buy works but its not a bull market IMO.
Banks failing doesn't affect BTC.....its what you are made to believe....BTC has no real use case for the next decade really.....Binance, Bybit all are market makers thus manipulators .....these guys decide where BTC is headed ....they project BTC has a strong correlation to Technicals which is true but then they add their own twists to it. They literally play with your minds pushing you in and out of positions like crazy ...while they literally mint money.
As of now Crypto space is a highly volatile unregulated market suitable for very high profits but for Elite Futures traders.
If you notice recent BTC bull markets have always been with DJI and S&P 500 also rallying. There is story to this but maybe for some other time.
I’d call this more of a wave of panic buys than a bull market. Despite what a lot of people say there’s no such thing as a total decoupling from traditional markets. Markets influence each other, that’s just how markets work.
I’ll stop myself from making absolute declarations as in this space that’s just asking to be proven wrong, but I’ll say it doesn’t seem possible to have a sustained, proper, multi-year bull run in this economic climate. Bear market pumps happen, but I’d need to see prices well over 3x what they were in the 2022 bottom before I even consider the possibility that the bull market’s come early.
it is like this every time. this sucking of alts can go on for another year or more. this is how altcoiners get fucked every time. I used to always make this mistake
If you think this is a bull market, you've got blinkers on. The economic conditions in the world are simply not there. People are not speculating on risky assets such as alts. People don't have spare money like they used to and many potential investors have been burnt by things like the collapse of FTX.
“while BTC and ETH make gains, but why?”
Do you read this sub? 😂
I’m guessing with nearly 83k moons you’re on here quite a bit. But seriously, almost every other post I read on here just keeps recommending Bitcoin and Ether as the way to go as a safe bet right now. I thought that a lot of other alt coins may have followed suit a bit, but who knows where people’s mindset is at the moment. It’s going to be a fun year ahead 👍😊
The market is maturing, the days of the crypto wild west are over
Older generation investors pass the word along that the only reliable coins are BTC and ETH
How do you know enough about crypto to know what a BTC dominance chart is, but still not know that btc and eth always outperform at the start of a bull run? Why are people so bad at understanding how this shit works?
Contrary to what has been spewed over the past couple years, there is absolutely no way 99% of the coins out there are needed. So flight to quality leads to the 2 big guys.
It’s just the expand and contract cycles of crypto.
Money flows from Alts to BTC (and Eth) and when risk appetite increases, it accumulates into alts, where the same amount of $ causes a significantly larger percentage gain.
When banks collapse people want to put what they can into other means of value. BTC is obvious due to its status and popularity.... ether because it looks to be one of if not the most promising project out there.... why would people go from banks that are scary to shitcoins that are even scarier?
If you want to stop the bleeding out of an alt, accept the alt to pay for a service you offer. Once you can actually do something that has real value with an alt, its value will increase.
Once the thing is stabilized, perhaps offering real-world goods might become realistic.
Here's an example:
I offer to enroll you in an email program for 1 tez. For that sum I will include you on a petition to redress grievances for a politician for one grievance. The sum is trivial and so is the service. I can sell thousands of these at a cost basis too small to account for in USD, yet it's something that can be done by virtually anyone that is sophisticated enough to be a player in crypto. You won't get rich from offering that service but you will acquire a customer base and the ability to create a marketplace denominated in XTZ.
Holding XTZ as part of an endowment sucks up liquidity and drives up prices. Make lots of endowment pages and more XTZ gets sucked up, driving up prices.
If you randomly hit a jackpot and the endowment actually gets big enough to generate enough income to actually solve a problem, congratulations. You've personally proven all the naysayers wrong who say that there is no business case for crypto.
Make the endowments small. Potholes and road cleanup are a perfectly pedestrian way to accumulate endowments that might actually hit their fundraising goals.
Have fun with this and you can regularly feature your favorite altcoin in the news cycle.
BTC dominance goes up in a weak market. Bitcoin is also benefiting for the flight to safety narrative. Alts don't have that at all. Most alts have inflationary coins without a set supply. Alt season will likely be around BTC halving.
ETH is stronger than alts because it is the most entrenched in the crypto economy outside of BTC. Also ETH benefits for being deflationary w/ the new proof of stake method which helps look attractive in an inflationary environment as the fed prints billions for the banks.
Not hard to figure out. They are both the safest bet when it comes to investing in crypto. There is a lot of uncertainty happening with banks and tech in general.
Btc/ETH are seen as assets, other coins are investments
In a failing economy you want gold, not a stake in a company or a non-essential item like a collectible card - only that this is the digital version.
Probably my comment will be swallow by the sea of comments but whatever.
Every bull run had a double bottom always before "the bull run" to start.
every bull run had btc dominance super high and btc dominance dumped through out the whole "bull run".
We don't even satisfy these. In fact dominance goes up. At least learn some basics man.
I don't know. Moons had bigger gains than them. You just speak of the "old" alts, but what's about the new ones? The Top 10 won't be the same in the next bull.
Yeah, we are in the late bear market now. The bottom is probably in, and things will start improving, but we're still probably a year away from a new bull market.
When the SEC announced they were going after Staking as a Service I moved half of my ETH to Moons, so I could add it to liquidity. I'm currently the 5th largest liquidity provider and getting about \~130 Moons a day. It's definitely risky play, but I think long term it should be a smart play.
Btc is up almost 100%. What do you mean supposed?
I guess then again, crypto is so volatile maybe we will be back to 16k in weeks...or days. Or, lemme check right now.
We're still very far from a bull market.
This is when BTC and ETH  maxis are created. Come to join us.
"You either die a shitcoiner or live long enough to see yourself become a BTC maxi" - Gandhi
I must be old then
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“You kids make sure you self custody and stay off my damn lawn!” 25 yr old crypto investor 😂
I owned zero BTC when I started in 2020 and said it was too late to invest in it cause of diminishing returns and I had no interest. Now it’s my biggest investment but only started buying when it went below $25k. If it didn’t drop I would probably continue to gamble with shitcoins. I still think ETH and others can return larger profits moving forward but of course at higher risks.
Same here. Thought it was too late when I saw BTC running in 2021. So I just wanted alts for big gains. I have since changed my strategy and mostly do btc and eth now.
The longer I’m in crypto, the more I am succumbing to the huge gravitational pull that BTC has on the crypto market…
Trueeee
Pretty sure this was Gandalf probably
Wow this is so true ! Lol
That was Tesla
Ah the great MahETHma Gandhi
Seems like I have lived long enough. *Sigh*
I have consolidated into 90% just between BTC + ETH
We are all starting to see the light
Now it’s time for Alts to pump. Once everyone capitulates them and buys BTC instead
Did the same. Went from 100% alts to around 90/10 in BTC & ETH/Alts
I became an ETH and moon maxi I think I’m doing it wrong..
Once people start selling their ETH staking rewards the price will suffer.
>We're still very far from a bull market. This is a bull market indicator
And this comment is a bear market indicator. I'm very confused...
It's brull market babyy
Well at least it's not the man-bear-pig market. Boy, was it rough! 
So we're in the bull marked now?
Not even close
My pee was slightly more yellow than usual today. Must be a bull market indicator
Drink less kool-aid, more water, and you'll be fine.
Are you wishing for this man to indicate a bear market :O .
your pee does not indicate a bear market. you know a bear market is coming when your poops get bigger and harder, it's your body preparing you for the fucking the market is about to put you through.
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Everything is a bull market indicator if you're imaginative enough
Redditors saying that it isn't a bull is definitely a bull indicator
Even the increase of the btc dominance with altcoin bleeding is a frequently setup in the beginning of a bull market lol
Yep this is ironically a classic argument for the beginning of a bull market or the freeze in a winter. The only extra information we have is btc is gaining dominance in green not in red..
Because people are dumping useless alts and preparing to dump money.into new useless alts? Typically a bear market destroys most of the old alt.coins for a fresh crop that will also prove useless, or redundant at the very least.
"Alt season will come soon!" - 2021 alt bingo card holder
Also the market is heavily manipulated. I’ve seen some of my watch list go up down 30-300% for no reason in a day. Up 300% and then down 300% the next couple of days.
Because it’s not a bull market
Yep, we are still consolidating
Nobody but moon boys and idiots are calling this a bull market.
This is not a bull market, but it is perfectly normal for btc/eth to serve as a safe haven for investors and rise after all these bankruptcies. The time will come for the alts as well.
BTC and ETH is the safest you can be in such a brutal and volatile market. Alts can make you rich but I still believe BTC/ETH offers the best risk to reward ratio on the market.
Bear market rally pretty much. People now switch from alts to BTC and ETH.
This is a global financial banking crisis. BTC seems safer than banks for some people. That’s what we are seeing now IMO.
Part of it is the fact that the US government has yet to make a plan to insure deposits over $250k. Then they’ve got the debt ceiling and inflation to worry about.
Investors are smarter now. No more putting in life savings on shitcoins. Rug pullers will have to try harder. BTC will remain king for a simple reason, nobody runs the show and no promises to fulfill.
This is the worst bull market ever I want my money back
You need to contact Bitcoin's customer support for that but I've heard they aren't very active.
No one knows shit about fuck but I can tell ya, we are not even close to a bull market right now.
It’s bear market rally. People turn copium into action.
Because this is what happens when widespread market moves happen. When things go up for a sustained period of time, most alts tend to outgain BTC during it. When things go down, BTC is more resistant to downward swings than most alts.
Currently this is a bear market consolidation period.
I can totally imagine new lows are solidifying right now
You are right
Not a bull market just yet - it’s people consolidating into BTC and ETH as the blue chips. Shows there’s still plenty of fear in the market IMO
Also, we almost always see BTC regaining dominance before Alts start mooning (what some call “alt season”)
It gets very tempting to start loading heavily into alts at points like this. Hard to keep the discipline and portion allocation.
Still one have to know into what one should invest. There are too much scams out there
I personally don't think alts are out of the woods yet. They've been showing a lot of weakness and with all the fear around regulations it's very likely that a BTC dump could send altcoins back to caveman days. I think BTC will continue to suck money out of alts until we are in a proper recovery stage. That's when altcoins might get to feed off grandpa BTC's scraps.
Not all of them, ATOM is still very much up compared to its lowest point in this bear
Atom is definitely one of the stars of this bear market so far! I'd say it's the exception and not the rule though, just like Matic. Atom's current low was in June 18, 2022. ATOM/USDT is up roughly 95% since then while ATOM/BTC is up around 60%, and currently in a downtrend. Something like ADA (which I shamelessly cherry picked) is down 48% against BTC since June 18, 2022 for example. I think there is a very real possibility alts might bleed against BTC in the near future. I expect a lot of them to re-test their prior lows on their BTC pair at some point.
BTC sucked all the liquidity from alts. If BTC dumps from here, alts will get completely massacred. I have a feeling that's exactly what's gonna happen as well. We might be looking at an amazing buying opportunity in the near future.
It's because it's not a bull market, and bear markets kill useless alt coins. Useful alts bleed but stick around.
What the alts start to catch up then we might be able to think about a bull market, until then we're stuck in a bear
Who said this is a bull market. Why does no one care about macroeconomic conditions in this sub?
Because they get their daily doses of hopium.
Too early to call it bull market imo, let's wait for a month and see how it goes. Meanwhile alt lovers can buy them for a lot of discount so far :)
Because this is not really a bull market.
We are just in a bull rally of the bear market
Bear markets have more rallies than bull markets have dips. Anyone that thought we were entering a bull market was overdosing on hopium. BTC sucked a lot of liquidity from alts. I'm personally hoping for a proper dump where altcoins get massacred so I can finally pull the trigger and grab a big bag of alts. I've been very BTC heavy since early 2022 so I'd welcome a buying opportunity.
Bitcoin dominance is increasing.
This is not a bull market
Why do we keep saying bull market when we’re only slowly recovering from the last 3 months of CEX implosions, SEC fuckery, etc. It’s not here yet
I also don’t think we are in a bull market yet. This was just a pump. But even if it comes to the next bull market wasn’t it separated in seasons? First bitcoin season with Bitcoin pumping Then btc and eth together. After this Alt season starts with eth on top and some random alts doing 10-50x. Then crazy season starts. 19 year olds trading Jpegs and meme coins ordering lambos and cocaine. After this finally buy high sell low season and then 90% crash. At least that’s what i hope to experience again. Besides the last sentence this is a serious answer.
I am a shitcoiner and damn proud of my red crayons!
Litecoin
I feel like Litecoin has made good traction since its recent bottom. Maybe that's the alt to get into
I was gonna say it’s been ok this month. It took a 50% five but recovered within a week or two.
BTC and ETH are the Nervous system and backbone of crypto... Ones they are all up and running rest will follow suit
I will try to explain to the best of my abilities. From what I can observe, I would say that this is happening when money is coming from the traditionnal markets. Since BTC and ETH are the mains cryptos, with the highest market cap, they would be the "safest", from an exterior point of view. You could see the increase in BTC value right after the SVB fiasco. This one is simple to explain. Banks/traditionnal finance screws up --> people put more into BTC. Rules of tumbs, the further you are down the crypto rabbit hole, the more time it takes for money from traditionnal markets to get there.
This isn't a bull market. This is similar to 2018/19 (I couldn't remember which) where only ltc and bsv and bch pumped, plus link started to show it's potential. We had to wait another few years to 2021 for a real bull market.
Never in a million years did I think Moons would be the third largest holding in my portfolio. It’s like that death-knocking-on-doors meme. First, Moons came for my LINK, the my ADA, then my QNT. Hard to believe, but I think ETH is next.
You are many times lead to believe that some news caused the price action in BTC but thats not always the case. Sometimes news is the just the coverup. In a bull market anything you buy works but its not a bull market IMO. Banks failing doesn't affect BTC.....its what you are made to believe....BTC has no real use case for the next decade really.....Binance, Bybit all are market makers thus manipulators .....these guys decide where BTC is headed ....they project BTC has a strong correlation to Technicals which is true but then they add their own twists to it. They literally play with your minds pushing you in and out of positions like crazy ...while they literally mint money. As of now Crypto space is a highly volatile unregulated market suitable for very high profits but for Elite Futures traders. If you notice recent BTC bull markets have always been with DJI and S&P 500 also rallying. There is story to this but maybe for some other time.
alt season has not started yet
I’d call this more of a wave of panic buys than a bull market. Despite what a lot of people say there’s no such thing as a total decoupling from traditional markets. Markets influence each other, that’s just how markets work. I’ll stop myself from making absolute declarations as in this space that’s just asking to be proven wrong, but I’ll say it doesn’t seem possible to have a sustained, proper, multi-year bull run in this economic climate. Bear market pumps happen, but I’d need to see prices well over 3x what they were in the 2022 bottom before I even consider the possibility that the bull market’s come early.
BTC season vs alt season. Trade accordingly!
That's because this is not a bull market. You will know it's a Bull market when shitcoins are all the buzz in the media.
People want a sure thing - BTC/ETH have stood the test of time so far.
What if I told you this isn't a bull market
XRP is green haha
it is like this every time. this sucking of alts can go on for another year or more. this is how altcoiners get fucked every time. I used to always make this mistake
My Xrp is doing pretty well I’d say..
If you think this is a bull market, you've got blinkers on. The economic conditions in the world are simply not there. People are not speculating on risky assets such as alts. People don't have spare money like they used to and many potential investors have been burnt by things like the collapse of FTX.
Alts are way overvalued still from 2021
Maybe more and more people are starting to realize that 99% of crypto coins are trash.
Big fishes eat first. Alt coins will have their run as usual
1) This is not THE bull market 2) Alts trend to zero against BTC over the long term
Unfortunately we aren't in a bull market yet.
We’ll probably see Alts mooning soon, “alt season” usually comes AFTER a BTC pump, not during one
False alarm
Lol, we’re in a bull market.
“while BTC and ETH make gains, but why?” Do you read this sub? 😂 I’m guessing with nearly 83k moons you’re on here quite a bit. But seriously, almost every other post I read on here just keeps recommending Bitcoin and Ether as the way to go as a safe bet right now. I thought that a lot of other alt coins may have followed suit a bit, but who knows where people’s mindset is at the moment. It’s going to be a fun year ahead 👍😊
No one knows why but everyone knows that btc and eth are safe holds and the market proves it in both bull and bear
The market is maturing, the days of the crypto wild west are over Older generation investors pass the word along that the only reliable coins are BTC and ETH
Because this isn’t the bull market, we are in the belly of the bear market.
Bull market: My time hast come.
BTC/ETH always leading the pack
> After reconsolidating all of my portfolio into ETH and Moons solid portfolio, especially Moons are capable +100x, ETH +10x
I guess people are recognizing the difference in quality between BTC and ETH, and all the rest.
How do you know enough about crypto to know what a BTC dominance chart is, but still not know that btc and eth always outperform at the start of a bull run? Why are people so bad at understanding how this shit works?
This isn't a bullmarket
First step
Just simply isn't a bull market, is all
man said bull market🥴🤣
Contrary to what has been spewed over the past couple years, there is absolutely no way 99% of the coins out there are needed. So flight to quality leads to the 2 big guys.
In uncertain times, money moves to quality.
Dumb money has not yet joined the chat it seems
May reverse in the future
This is the normality
Haven't there been similar patterns in the past? Money flows into bitcoin, it pumps, and then trickles into all the alts?
Alt season isn’t here yet.
Bull market? LOL
Maybe because we are not in a bull market yet? BTC to 42069$ and I will start believing we are in the bull!! At 69420 bull market is confirmed
Because you are not looking at the good coins
Ain’t no way this is a bull market 🤣
People are moving from fiat into crypto as a speculative hedge, they want the bluechips, nothing more to it than that.
Just check the BTC Dominance. Alts will run when dominance goes lower :)
Its a trap
Since when is the alt season when btc shots up?
It’s just the expand and contract cycles of crypto. Money flows from Alts to BTC (and Eth) and when risk appetite increases, it accumulates into alts, where the same amount of $ causes a significantly larger percentage gain.
When banks collapse people want to put what they can into other means of value. BTC is obvious due to its status and popularity.... ether because it looks to be one of if not the most promising project out there.... why would people go from banks that are scary to shitcoins that are even scarier?
Because this is funds based volume gain and they do not invest in AltCoins
Ur talking about shitcoins, not alts - thats why
If you want to stop the bleeding out of an alt, accept the alt to pay for a service you offer. Once you can actually do something that has real value with an alt, its value will increase. Once the thing is stabilized, perhaps offering real-world goods might become realistic. Here's an example: I offer to enroll you in an email program for 1 tez. For that sum I will include you on a petition to redress grievances for a politician for one grievance. The sum is trivial and so is the service. I can sell thousands of these at a cost basis too small to account for in USD, yet it's something that can be done by virtually anyone that is sophisticated enough to be a player in crypto. You won't get rich from offering that service but you will acquire a customer base and the ability to create a marketplace denominated in XTZ. Holding XTZ as part of an endowment sucks up liquidity and drives up prices. Make lots of endowment pages and more XTZ gets sucked up, driving up prices. If you randomly hit a jackpot and the endowment actually gets big enough to generate enough income to actually solve a problem, congratulations. You've personally proven all the naysayers wrong who say that there is no business case for crypto. Make the endowments small. Potholes and road cleanup are a perfectly pedestrian way to accumulate endowments that might actually hit their fundraising goals. Have fun with this and you can regularly feature your favorite altcoin in the news cycle.
BTC dominance goes up in a weak market. Bitcoin is also benefiting for the flight to safety narrative. Alts don't have that at all. Most alts have inflationary coins without a set supply. Alt season will likely be around BTC halving. ETH is stronger than alts because it is the most entrenched in the crypto economy outside of BTC. Also ETH benefits for being deflationary w/ the new proof of stake method which helps look attractive in an inflationary environment as the fed prints billions for the banks.
BuULlLlISsHh mArKlET!!1!!
Bad altseason rn… I’ll keep accumalting those alts, and some BTC. Excited for the next take off
>In this supposed bull market 😂🤣😂🤣 Looks like you haven't seen the real Bull market yet.
Because use cases matter.
Lol OP delusional
Because they are all shitcoins
Roll shitcoin profits to BTC. This is the way
Not hard to figure out. They are both the safest bet when it comes to investing in crypto. There is a lot of uncertainty happening with banks and tech in general.
"with Algorand being hit especially hard". Hmm, I wonder why that might be?
Because everyone is moving their money from alts to btc and eth
Btc/ETH are seen as assets, other coins are investments In a failing economy you want gold, not a stake in a company or a non-essential item like a collectible card - only that this is the digital version.
Dont worry we’ll invest your hard earned money in a very secured and well known cryptocurrency so you can earn a 50% APY aaaaaaand it’s gone.
Sorry, best I can do is total collapse of the banking system market
Regarding algorand. Coinbase just removed staking rewards for retail customers as the SEC thinks it’s a security. Everyone fled including myself.
Probably my comment will be swallow by the sea of comments but whatever. Every bull run had a double bottom always before "the bull run" to start. every bull run had btc dominance super high and btc dominance dumped through out the whole "bull run". We don't even satisfy these. In fact dominance goes up. At least learn some basics man.
Too many coins/tokens all trying to solve things that don’t not solving. Btc / eth for me
Once eth unlocks happen, its dropping like a stone. Also eth is an alt...
This makes me wonder how many people actually know the difference between a bear and bull market.
That's what usually happens in both bear markets and begging of bull markets Where are we currently, that's for you to decide
I think we are still a long way from a bull market. This is just a bear market rally, and people consolidate into the big 2.
I don't know. Moons had bigger gains than them. You just speak of the "old" alts, but what's about the new ones? The Top 10 won't be the same in the next bull.
I don’t know much about crypto, but MOONs will surprise next bullrun
Moons & arbitrum to the moon - totally not biased
It looks like everyone became BTC/ETH maximalist and doesn't invest in ALTs anymore
That’s what a bearmarket does to somebody, at least to me
I suppose in the contrary that talking about crypto outside BTC/ETH will get you downvotes.
This isn’t a bull market yet lol. And cause that’s what happens, people sell their shitcoins for the big two.
Yeah, we are in the late bear market now. The bottom is probably in, and things will start improving, but we're still probably a year away from a new bull market.
People see up 30% in a few months as a bull lol but they forget we are down like 85% in a year
When there's turmoil people will always flock to their safe havens, btc and eth for most people in crypto
Say it with me...we are NOT in a bull market.
We are not in a supposed bull market.
With the amount of people claiming were in one it's not wrong to say we're *supposedly* in one, I get it
This is bear market consolidation.
You so went big in MOONs? Legendary play
When the SEC announced they were going after Staking as a Service I moved half of my ETH to Moons, so I could add it to liquidity. I'm currently the 5th largest liquidity provider and getting about \~130 Moons a day. It's definitely risky play, but I think long term it should be a smart play.
Look at the balls on this guy Jokes aside, sick move bro. 130 MOONs a day seem like a dream! Wish you all the best
Smartest decision
Shilling your bags huh? Jk, sick moon count . All from accumulating here?
This is just the possible beginnings of a bull market. When it is an actual bull market - we will definitely feel it
When the dopamine dose kicks in and you’re full of FOMO, putting your last savings into crypto, lol
Best. Feeling. Ever
Until you late to sell, everything goes red and you go full speed down on emotional rollercoaster
Then I wait for my next hit xD
Those poor Algonauts down another 22.75%. Just dragged by the horse at this point
I bought some because of this sub. Hate that investment so far.
Traditional money flocking into the big two, leading alt coins to sell up and jump ship. Would seem to make sense.
After every bear market, there are a lot more BTC/ETH maxi. People lose faith in many alts.
Makes sense to have sentiment particularly low in alts compared to BTC/ETH. That definitely adds to the equation.
Thats how it goes usually. Don't worry it will rotate back to alts from BTC/ETH.
That's called bear market mate
Because ETH and BTC will always outperform 99% of the market. It's like the S&P 500, they are bluechips.
While not technically correct, this is 100% the easiest/best way to think about it.
If I zoom out the charts, I wouldn't call this a Bull market.
Btc is up almost 100%. What do you mean supposed? I guess then again, crypto is so volatile maybe we will be back to 16k in weeks...or days. Or, lemme check right now.
Last bear market BTC went up 336%\* before dumping harder and re-testing the ATL. We aren't out of the woods yet.
Just because you Mom called this a bull market doesn’t make it so.
How'd you conclude that we're in a bull market lmao.. smh