Is it safe to say that the altcoin season has begun?
You already know by now, BTC has hit 100k, it didn't just hit it, it's comfortably sitting at 103k. BTC was red at 94k two days ago, and it appears that it will fall to 90k.
I even had a comment on one of my posts a few days ago suggesting that the dip could take us back to 80k, but I simply told them that BTC would not fall below 90k until this bull cycle ended.
That is how people become disappointed; they make mistakes and hope that the market will help correct them; then they go on to make even bigger mistakes for fear of repeating their previous mistakes.
When you think you are getting a good entry point, but you are just waiting for a little dip further, there is a pump out of nowhere, and you regret not placing that buy order on time, and that price point is lost forever.
100k Is A Psychology Standpoint
Previously, we saw a pump to 99k, but 100k remained elusive for about a week, and we even dipped lower. I believe we all knew BTC would reach $100k at some point, but people were simply too impatient to get it.
Why? I believe it is primarily due to a psychological phenomenon in which altcoins begin to moon, and BTC simply co-moons alongside them.
However, I believe we may need to wait until January, the start of the proper bull run year, before alts begin to go parabolic. We are starting to see alt movements, but they are not your typical alt movements. When a coin goes x10 in a week, you know it is alt season.
Overall, this is how it begins before becoming breathtaking, mind-blowing, and unbelievable. Technically, BTC slows down, and altcoins do the majority of the pumping. Many people do not own much BTC, which is why sentiment appeared bearish when BTC was pumping. ETH has finally started pumping, which indicates that everything is starting to fall into place.
Congratulations, BTC, Now It Begins
It is been monumental. Who would have believed BTC 10 years ago would be worth a 100k. Some guy literally used a couple thousands to order pizza some years ago, and it's a shame how we often how the tool of financial libration at hand, but we cannot predict the future and sometimes it just wasn't meant to be.
Some of the price predictions for tomorrow may appear ridiculous today, but they are realistic. Again, our emotions and fears are the reasons why it is easier to FUD.
I mean, it is easier to be negative because we mostly just read the room and make predictions based on what appears legible, which is perfectly fine.
BTC's 100k milestone has sparked even more celebratory messages across the internet, and I believe that all of this excitement is exactly what we need to kickstart the altcoin season. It is pointless to have any more doubts now.
Most alts are likely to have the biggest bull run ever. It most likely does not look like this right now, but some would have done x10 to 50 in six months, which seems unbelievable, but the market will pump everything in front of it.
Again, this looks to be the start of a crazy altcoin season, and you should be counting down the days until the new year. It's okay to be skeptical and still doubting if there would be an altcoin season or not. I mean, this cycle could be the learning curve you need, and in 5 years, you will be fully prepared to put all of your experiences and learning curve to use.
Everyone Will Need A Learning Curves
I mean, some people really need a learning curve. 2021 was mine. I got into crypto in 2017, but the cycle was not long enough. Most people will need 2 cycles to actually wise up, so most naysayers or doubters are probably going to use this cycle to learn.
The only disadvantage is that 5 years is a long time, and you may no longer be interested in crypto or in the space; however, welcome 100k, and we are ready for alt season.
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Hopefully crypto can keep its value. And I'm really glad that the entire world has spoken and seen the value as well as utility!
What an amazing time to be alive!
Exactly. What a time to be alive. Let's see how it goes in the next 6 to 8 months, as of now, we can only watch.
Yep I watched my estimated account value pretty much double!
Some really exciting things!
I think this cycle will be more selective, but I do think that all the altcoins will get some chance. I wouldn't of imagined BTC at 100k over a decade ago. It has gone kind of crazy and I wish I had some BTC at those lower prices.
Everyone wish they had BTC at a lower price but unfortunately it's those who took the risk that are in a lot of gains now. I just think sometimes it just pays to take risk and be patient
Last I checked we were back down to 99K! Some big profit taking but I think it will push back up over 100K shortly. Breaking through it once was proof it was ready to go even higher! May the alts start to kick in soon!
It was bound to always correct. Something like 3 steps forward and one steps backwards. It'll probably continue like this till Q3 2025
I am taking this year as my learning curve...it's been a journey of learning and implementing, hopefully, I will have a great story to tell at the end of this round of Bull season
A friend of mine after seeing that BTC hit 100k kept blaming me for not telling him to invest when it was around 72k he showed little interest...I told him that hive is still at a good entry to invest cos alt season is just preparing to start, unfortunately he prefers to invest in BTC but I declined being the one to do that for him at this market price... alt coins are better and guaranteed to give him at least 2X
It's good that you're taking this year as a good learning curve. In reality, we cannot really give people financial advices at 72k BTC was still good. At 99k I don't think anyone should be doing so, unless they want the security that BTC brings. Alts are the best bet.
I think you did the right thing and shouldn't be the financial advisor of anyone unless they're your suppose or children.
A good alt should give them x10 to 50 in the a full alt season
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In celebration of Bitcoin trading to 100k, I will now begin daily market reviews with Forex on my YouTube channel.
When you an opportunity grab it, that's what happen to folks who was waiting for btc to fall down to 80k cause it keeps getting better
Alt season has began, but still, when bitcoin pumps, it usually has the front seat. When it doesn't, we see some impressive pushes for alts.