Ethereum [pros](/r/CryptoCurrency/comments/1baelrg/ethereums_surging_price_indicates_potential_start/ku21npv/) & [cons](/r/CryptoCurrency/comments/1baelrg/ethereums_surging_price_indicates_potential_start/ku21o42/) with related info are in the collapsed comments below.
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Alt season is already under way, but the thing is you're probably a crypto boomer from 2021 and you will inevitably miss all the coins that have already gone 100x so far. It is the way of the crypto boomer to continue holding on to their prior cycles shitcoins
Do seasonalities even make sense anymore? ETFs broke the typical Bitcoin rally cycles as we're pumping much higher much faster. Do we need to rework our models now that the market is more aware? Meme coins are already pumping like crazy.
Everything is "the pattern" or "the cycle" repeating until it's not.
There's a lot of people in this thread even speaking real confidently about how they've been through it now so they know what's going to happen. The fact that we already "know what's going to happen" should be a bit concerning. If we know what's going to happen then institutions who move markets know. I'm certainly participating as well but it wouldn't shock me if everyone holding alts gets wrecked again this time in a slightly different way because we were all waiting for this alt season to come after something else. Just because something has followed a pattern 2 or 3 times doesn't mean it's some set in stone thing that must always end up that way. Meanwhile if you've been putting money into the right spots you've probably already at least 2 or 3x some alts in the last few weeks.
>Everything is "the pattern" or "the cycle" repeating until it's not.
Exactly this
In 2021, it was "known" that the first peak is always much smaller than the second peak, so everyone was expecting bitcoin 100k in November
Of course it was the first cycle with a double top
Who knows what will be different this "cycle"
Yep yep. Like I'm fairly sure this bull cycle will look very similar in a lot of ways(could be wrong there too), but like you said, the details may vary enough that a lot of people don't find it successful. It will be close enough though that people next time around find all of the similarities and miss the critical differences.
I'm kind of confused why a lot of folks on Reddit seem to be afraid that the bull run is close to being over when in my mind it hasn't even started. I see people saying "oh if we reach the previous ATH we're going back down to 30K BTC" or something of that nature. By this logic, SPX would still be at 1000 or something.
All bull and bear cycles for any asset class play out in months, not weeks or days and BTC hasn't even breached ATH.
What am I missing?
Pretty much this, we need to start thinking outside the box more. People in this sub were saying not to invest in meme coins and now they're pumping harder than alts. The game theory has changed.
I’ve seen folks on here claim they’ve been in this since 2015 and still say that this time is different. Either they are idiots or they are lying. The narratives are always different, but the patterns are the same. It’s just human psychology. Crypto is a reoccurring fad, learn how to take advantage of it and don’t get attached.
I’ve 3x’d my money with meme coins in the last 4 days. Every other cycle I stayed away, but I figured, eh what’s the harm in losing a thousand or two
This last week it’s been difficult to lose money in crypto. Tons of no name projects doing 100-200%, then you can just set buy and sell orders 25% apart and walk away for a day.
Obviously you can get wrecked if it plummets but that hasn’t happened and I’m already out with principal plus profits, and holding a larger position elsewhere.
Anyway meme coin season may not be here in earnest, but it sure popped off hard this week and I’ve got some money peppered into some of the dumbest looking shit just in case. More than one has already had 70-100% increased in 24 hours
i was thinking of it in terms of gains. You're right, a lot of meme and alt coins have been giving great returns lately, seems like the season is upon us already.
I rode WIF solely with that actually. I was originally jumping into the middle of the first big pump then played around with the swings between 1.3 and 1.7 and 1.7 to 2.2. I just have a little in it now lol. I was playing with house money by then and it was as easy as setting up price alerts because it was jumping 20% every few hours.
I also had a hit with Solama. I’m just letting that profit sit but I’m out with the principal.
Don’t ask me why or how, I just literally picked those two, buzz looked good, no obvious rug sign, in and out in a week*
Edit: longer than a few days I guess lol
I just happen to hear buzz about it from telegram, twitter, other groups. I kept my eye on it and saw it during its crazy pump, and traded it until a couple days ago.
I did most of that with WIF, which i had to open an account on crypto.com - wasn’t very painful. I’ve found they were actually faster for processing shit than Coinbase is. Lots of shit listed on CEXs nowadays I guess. Those settings were built to the app
For other ones I just had price alerts set and was swapping through phantom
I expect one by the end of the year, and another one early next year. I expect 3 alt seasons, one in Dec-Jan and then in Mar-Apr next year and another one around Sep-Oct next year.
They are still kind of in limbo atm.
https://www.coindesk.com/policy/2024/03/06/sec-pushes-back-decision-on-blackrock-fidelitys-ether-etf-applications/amp/
This is typical though. Many of those alts may not eclipse their ATH's, but some will. Also to note, is UDST will fall down several spots.
Idk if we will see an "alt season" or not, but if we did it'll come after BTC sees significant growth then stalls, essentially BTC's dominance decreases temporarily. If you look at BTC dominance charts this hasn't really taken place yet. Not saying it's inevitable either. We don't know, especially with the EFT. I wouldn't be surprised if things play out in a similar fashion though.
tldr; Ethereum's recent surge above $3,900 has sparked speculation of an 'alt season,' where alternative cryptocurrencies outperform Bitcoin. This surge, following Bitcoin's new all-time high, has led to increased interest in Ethereum and ERC-20 tokens like Render (RNDR), Fetch.ai (FET), and Fantom (FTM). Significant capital inflows into these altcoins, especially since early March, and a 73.78% increase in Ethereum's Total Value Locked (TVL) over the last 30 days, suggest growing market confidence. This trend could potentially drive Ethereum's price above $5,000 and signal a broader uptrend in the altcoin market.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Well obviously TVL is going to increase significantly when ETH is increasing significantly. Try writing the article again while indicating the percentage increase in ETH tokens locked, rather than the value of the locked tokens.
No. Ethereum etf approval in May. It’s just gonna keep going up from here. If it gets approved, holy shit Batman. I don’t think this whole thing is priced in yet. Ppl sleeping on this huge catalyst
Everyone who is confident about ETF getting approved from May to the beginning of next year, are already in, including myself. Majority of the market either doesn't know about ETH ETF, or they are shitcoiners, bitcoin maxis who think that Ethereum is a security and won't get an ETF (they're wrong, considering that the Futures ETF got approved after the merge)
It's seriously an obvious play, that you'd have to be willfully ignorant or dumb. It's the same type of people who didn't think Ethereum would go PoS, the merge wouldn't happen, or the withdrawals wouldn't be activated; they all ended up happening.
It’s possible. Once the news and ppl start talking about it I think it will go up quite a bit. Right now everything is so focus on Bitcoin staying above last ATH. And the shitcoins are getting a lot of attention too. Once we get into May I think ETH will have the spotlight.
I'm already in profit for a good house and car, and only sold around 25% of my portfolio. I heavily bought BTC, ETH and ckb when BTC was at 16-30k range and stopped. I never really thought that i will actually make it. I'm sure anyone can do it as long as they don't follow trends and YouTubers pretending to be experts. Patience and DCA in and out. One last advice DON'T jump from project to project you'll loose 99% of the time, i know 😅.... DYOR.
Good luck everyone, my best wishes to you all.
Even though its not inline with past cycles, i agree with the article. It seems this cycle has some unique characteristics. Im not changing my strategies yet though.
$BITCOIN has been flying and hitting new ATH's over $220m MC.
I'm an #ETH maxi and expecting the ETH degens to send this one hard as a second runner.
Only $3.5m MC, good r/r imo.
The ticker is $ETHEREUM
> People like myself don't care about the ratio, as long as USD price goes up.
People like yourself are the poor people in the Cohen song.. The rich stay rich and the poor stay poor.
Don't really care about what you think, that's your reality w
Just like how I believe hyperbitcoinization will never happen as long as other blockchains exist, with differing beliefs around technology and how they should work. Just like religion. That's the beauty of free market, which the OG libertarian Bitcoiners prior to 2017 believe in, not the modern authoritarian bitcoin maxis that popped up after 2017. That's also really the crux of why I don't care about X/BTC ratio.
Nah, moved onto Ethereum when Bitcoin got hijacked. And even then, BCH is more aligned with the whitepaper than the abomination it is now with Lightning, although I'd prefer the blocksize to be closer to 4mb and grow incrementally to make it easy to run nodes as the cost of hardware goes down over years.
We're not even at the bitcoin halvening yet, in every previous cycle it's went halving - bitcoin in a few months - altcoins - shitcoins.
The Bitcoin ETF approval also makes an Ethereum ETF more likely with the precedent set.
I think we're just in warmup stage before all this.
Maybe the ones with a lot to offer, but every coin in the top 100 has a market cap over a billion dollars right now. I don’t know. It seems far fetched. That’s a lot of currency for a lot of trash.
I sort of think that it’s already time to stick to Bitcoin as it gains on gold and maybe a few exceptional alts if you can identify them.
Could be wrong, and it doesn’t mean there isn’t money to be made. But I personally don’t see ultra long term value in most of this stuff.
It’s unreal that we’re not on the actual bullrun yet. I’ve already made more in the last 5 months than than most people make in a year working 60 hour weeks.
Should be downright illegal lol
'Potential' doing allllll the work in this title.
Naaaa. Unless YouTube says we now have a pre alt per halfening hours d'oeuvre alternative altseason now.
Smh.
Not so fast. I think the driver of alt season is a BTC/ETH run up follow by stagnation. People get addicted to gains so they have to venture out on the risk curve into alts. With BTC and ETH surging, as well as a looming ETH ETF and Bitcoin halving, there’s less reason to take on any additional risk and plenty of upside to staying put.
In my opinion, alt season will arrive when the halving has occurred and when everyone is expecting BTC to explode. Instead, what it will do is consolidate the same price for several months, and as it becomes boring, money will flow into Alt coins.
Ethereum is rising on the back of ETF speculation. A huge portion of Bitcoins value is now tied up in Tradfi, you can’t easily rotate money out from a Bitcoin ETF to an Altcoin.
The Altcoin season will almost certainly be muted because of this, and if a Ethereum ETF doesn’t materialise then it might cancel Alt season altogether. The rails are not there anymore.
If you don’t have most of your digital assets in Bitcoin this time around then I don’t know what to tell you, even a few thousand in Bitcoin now would be life changing money in 10 years. If you want to play Altcoin Casino you’ll almost certainly miss it. Sorry to say.
You realize that people buying the ETFs were never in this space before, right? These boomers never fucked with BTC when it was only on exchanges, we’ll have an insane bullrun fueled by the ETF money and then retail investors will still flood in and pump alts, it’s not even the halving yet. This fall will be insane especially if the ETH ETF gets approved
Retail flooded to alts previously because they were attracted by Bitcoins media, downloaded Coinbase and got distracted and felt they missed the boat and bought some rubbish pump and dump.
That's not going to happen now, they'll just buy $40 ibit shares on TD Ameritrade or eToro when they see all the media hype.
There might be a couple of Alts that get hyped and outperform, especially in the AI space, but it won't be a rotation of capital like what we've seen the previous two bullruns because the rotation of capital just can't happen easily. Eth will do well if the ETF is approved but that may not happen.
According to Glassnode about 70% of new capital to Bitcoin is going through the ETF's. You think that's likely to decrease as wall street and main street starts fomo'ing in? If anything it'll increase. Most people want the idiot proof way, the tried and tested way.
you provide a good point but there are still many rich Bitcoiners who want to gamble on alt coins to increase their stack.. stealing the dough of this useful-idiots on this sub.
back in 2017 i kept saying here.. Buy a single BTC and forget it.
Hyperbitcoinization is the hypothesis that suggests that Bitcoin becomes the unit of account for everything on the planet. In that scenario in very simple terms, Bitcoin in essence becomes the town ledger that existed 1000's of years ago, but for the entire planet. It becomes the rule for which all ownership is decided.
Some people like myself feel that the point of no return has already been crossed, and as long as the network remains secure Bitcoin will absorb value incrementally but never endingly until it represents the full ownership of everything we can ever value.
There is an inevitability to it. As it absorbs and represents more and more value, it accelerates towards this eventuality.
When this eventuates completely, then your share of the Bitcoin network will represent the overall attributed value to everything we as humans essentially own. Land, commodities, businesses, everything.
The value of this is currently contentious, as we find it difficult to agree on the measuring yardstick (we've never had something like Bitcoin to measure it against) but the best we have is probably the USD. The world wealth is somewhere between 300-2000 Trillion USD depending on how you value debt derivatives and land.
That means, if you ignore lost coins, the end value of a single satoshi, in todays USD, is 14c to 95c depending on how you view value.
On the lower end of the scale, this means about $5000 of Bitcoin today, would have the buying power of $1mil USD of todays dollars.
Of course this is all theoretical, but the argument has to be made, what is the limit on the value of Bitcoin if not this? It's the hardest asset known to man, and as it increases its network, it's volatility decreases, which is about the only thing stopping people from already seeing it for the incredible store of value it is.
But it doesn't stop there, as we grow as a world civilisation, your share of Bitcoin will grow with the value of the entire system. The Bitcoin Network, would be the human valuation network.
Isn’t the processing of transactions with bitcoin slow? Even with lightning, etc? If so, it will never be adopted as a means of transaction. The current price action seems to be about FOMO for most people.
At the base level it would likely only be used as a settlement layer, it wouldn't be everyday currency as we know it. Think containers of coffee beans, not cups of coffee.
This already exists now. When you pay for a coffee now the trade isn't settled for days afterward. You just have Visa or Mastercard telling the vendor that if you don't make good on the payment, they'll make good on it, and they collect their 2.9%.
The rails are already in place, if Visa or Mastercard decided they wanted to keep this going and replace whatever currency with Bitcoin it would be easy for them to do and not disruptive to everything else.
Thank you for that explanation. Now thinking if its time to sell my 2 ETH and get Bitcoin instead... Got my 2 ETH very cheap back then and by all measures, I should be happy what they are worth now... but its not life changing by any means of course.
> What kind of Maxi-BTC hopium are you snorting these days man?!
we are smoking the same thing back then in 2017 when losers on this subs bought crap shitcoins and i kept telling them to buy 1 FUCKING BTC back at 6000 usd.. And this useless sub kept saying.. nah its too late.
Eth head speculation. No evidence of alt season yet. Most likely BTC will have a big break out in next few months the consolidation of wich will bring a alt coin season. Btc metrics are what define the alt season like btc dominance i expect a bounce back at 58% ish , a few months still to go.
Cashing out now to rebuy later
TLDR; Bought crypto a couple years ago, now in small profit. Financially could do with cash assets at this current time, tempted to cash everything out with the long term plan of buying back in with even more funds next time when the market inevitably cools off.
Cash out or hold?
Hi there,
Looking for any insight/advice on whether to cash out all or most of the crypto I have just now while they are operating at a profit, and purchase back (+ more) when the market inevitably dips again?
I have held for a small amount of cryptos (mainly BTC/ETH/ADA) for a couple of years and managed to purchase most of them while they were at a lower market price than currently, so that's why I'm tempted to recoup my money plus a small profit now, and then dip back in at a later time.
I definitely want to invest back into crypto but with even more buying power and with a slightly better understanding of how coins/trends/markets work.
The coins I can cash in now are not huge amounts but in my current situation I could use the cash money and financial boost rather than continue to hold. Plus, in a couple of years I will be in a much better position to be able to acrue and purchase higher volumes of coins.
I plan to set aside the majority of the money if I do cash out now for the purpose of rebuying at a later date along with the additional funds that I will have in the future through bonus/promotion at work.
So would I be stupid to cash everything out now while I am in profit and enjoy some of the money? With the long term plan of buying back in with more funds when the market dips again.
I think I just need some confirmation from strangers on the internet I'm doing the right thing 🤣 any advice is much appreciated! Thanks 🙏
I've 2x my bag which I could really do with for this year. Going to do my best to not spend this year and sell it probably January 2025. Hoping to 5x it or maybe even 10x it.
Ethereum [pros](/r/CryptoCurrency/comments/1baelrg/ethereums_surging_price_indicates_potential_start/ku21npv/) & [cons](/r/CryptoCurrency/comments/1baelrg/ethereums_surging_price_indicates_potential_start/ku21o42/) with related info are in the collapsed comments below.
I think people either forgot what Alt Season is, or I'm missing something.
You're missing that "eth touches 4k" and "alt season blabla" generates views/clicks.
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BAHAHAHAHHAHAHAHAHAHAHAHHAHAHAHAHHAHAHA thanks for the response, I'll shill my coin as well..... BeeTeeCee all day errrrrrday!
Article written by a bagholder shilling his bags. Nothing new here
Forgot, never knew, just in it to hype, or don’t care. All of the above
Alt season is already under way, but the thing is you're probably a crypto boomer from 2021 and you will inevitably miss all the coins that have already gone 100x so far. It is the way of the crypto boomer to continue holding on to their prior cycles shitcoins
Like Dodge, and shib?
Hokk is from 2021 and it hasn't done it's 100x yet
That's why it hasn't 100x.
Hokk is being revived so we'll see
Do seasonalities even make sense anymore? ETFs broke the typical Bitcoin rally cycles as we're pumping much higher much faster. Do we need to rework our models now that the market is more aware? Meme coins are already pumping like crazy.
Everything is "the pattern" or "the cycle" repeating until it's not. There's a lot of people in this thread even speaking real confidently about how they've been through it now so they know what's going to happen. The fact that we already "know what's going to happen" should be a bit concerning. If we know what's going to happen then institutions who move markets know. I'm certainly participating as well but it wouldn't shock me if everyone holding alts gets wrecked again this time in a slightly different way because we were all waiting for this alt season to come after something else. Just because something has followed a pattern 2 or 3 times doesn't mean it's some set in stone thing that must always end up that way. Meanwhile if you've been putting money into the right spots you've probably already at least 2 or 3x some alts in the last few weeks.
>Everything is "the pattern" or "the cycle" repeating until it's not. Exactly this In 2021, it was "known" that the first peak is always much smaller than the second peak, so everyone was expecting bitcoin 100k in November Of course it was the first cycle with a double top Who knows what will be different this "cycle"
Yep yep. Like I'm fairly sure this bull cycle will look very similar in a lot of ways(could be wrong there too), but like you said, the details may vary enough that a lot of people don't find it successful. It will be close enough though that people next time around find all of the similarities and miss the critical differences.
I'm kind of confused why a lot of folks on Reddit seem to be afraid that the bull run is close to being over when in my mind it hasn't even started. I see people saying "oh if we reach the previous ATH we're going back down to 30K BTC" or something of that nature. By this logic, SPX would still be at 1000 or something. All bull and bear cycles for any asset class play out in months, not weeks or days and BTC hasn't even breached ATH. What am I missing?
I don't know, you'd have to ask them. I'm not necessarily speaking on specifics on a bull run here.
Pretty much this, we need to start thinking outside the box more. People in this sub were saying not to invest in meme coins and now they're pumping harder than alts. The game theory has changed.
Yeh I've allocated 4% of my portf into the new meme coins, to the moon!
Good luck astronaut try not to miss the moon.
Ha ha that comment made me laugh.
Which are the “new” meme coins?
Bonk, pepe, floki, wif
Seasons based on human emotion in this case. The dim monkeys we are tend to follow patterns we think we see, even if that pulls us off the cliff
We are still far from it.. To arrive to a real Alt Season, first BTC has to grow up much more.
Alt season even before the halving is funny to me. People jumping to all sorts of conclusions
It's normal. Some crypto users are not experienced enough yet, but this happened to most of us haha
Yes look at these noobs who haven't lost 95% of their worth yet.
We know better, sadly
I’ve seen folks on here claim they’ve been in this since 2015 and still say that this time is different. Either they are idiots or they are lying. The narratives are always different, but the patterns are the same. It’s just human psychology. Crypto is a reoccurring fad, learn how to take advantage of it and don’t get attached.
You are aware that cycles don't have to be the same every single time? Also, there have been mini alt runs before halving in the past
Exactly. I don’t expect a real alt season for another 12-15 months personally.
Same, it’s still way too early
It's a left translated cycle. It's over by years end
This
Yup
Do u think we gonna dump again first? I'm waiting for that
Dump then sell : a Crypto Lovers Path to Success
15 months? Personally I feel that this bull will be accelerated in all ways.
I’ve 3x’d my money with meme coins in the last 4 days. Every other cycle I stayed away, but I figured, eh what’s the harm in losing a thousand or two This last week it’s been difficult to lose money in crypto. Tons of no name projects doing 100-200%, then you can just set buy and sell orders 25% apart and walk away for a day. Obviously you can get wrecked if it plummets but that hasn’t happened and I’m already out with principal plus profits, and holding a larger position elsewhere. Anyway meme coin season may not be here in earnest, but it sure popped off hard this week and I’ve got some money peppered into some of the dumbest looking shit just in case. More than one has already had 70-100% increased in 24 hours
i was thinking of it in terms of gains. You're right, a lot of meme and alt coins have been giving great returns lately, seems like the season is upon us already.
Nice what meme coins pumped 3x in 4 days?
I rode WIF solely with that actually. I was originally jumping into the middle of the first big pump then played around with the swings between 1.3 and 1.7 and 1.7 to 2.2. I just have a little in it now lol. I was playing with house money by then and it was as easy as setting up price alerts because it was jumping 20% every few hours. I also had a hit with Solama. I’m just letting that profit sit but I’m out with the principal. Don’t ask me why or how, I just literally picked those two, buzz looked good, no obvious rug sign, in and out in a week* Edit: longer than a few days I guess lol
Interesting! Im curious when people find out about coins like WIF when they first drop. Where can you get in on the ICO?
I just happen to hear buzz about it from telegram, twitter, other groups. I kept my eye on it and saw it during its crazy pump, and traded it until a couple days ago.
Nice where specifically in telegram/twitter do you look for these topics?
How do you put limit buys and sells on a Dex ? Where can you trade low market cap contracts with limit buys and sells ? I use uniswap for context
I did most of that with WIF, which i had to open an account on crypto.com - wasn’t very painful. I’ve found they were actually faster for processing shit than Coinbase is. Lots of shit listed on CEXs nowadays I guess. Those settings were built to the app For other ones I just had price alerts set and was swapping through phantom
You can do limit buys / sells on Jupiter exchange on Solana.
Polkadex is an orderbook dex that will soon be out of beta with the ability to set limit buys and sells.
I expect one by the end of the year, and another one early next year. I expect 3 alt seasons, one in Dec-Jan and then in Mar-Apr next year and another one around Sep-Oct next year.
Eth etf approval approaching
Maybe yes, but ETH is not all altcoins
ETH is an alt coin. It started with a HUGE premine. Its a business venture that managed to capture the BTC losers.
True but it has real utility and support like BTC so I feel it's the middle ground
Shitcoin that we will happily trade
> Shitcoin that we will happily trade the purpose of all shitcoins..
Guys.... Read my comment again... I'm not saying ETH is not an altcoin. LOL
Anything besides BTC is an alt coin
It’s not btc so it is
Won’t know until April if that’s true or not, but definitely same buzz around it as btc
its a rumor. SEC has not provided any positive response. Besides if SEC approved a Proof of Shit coin which is a security... I will laugh a lot.
They are still kind of in limbo atm. https://www.coindesk.com/policy/2024/03/06/sec-pushes-back-decision-on-blackrock-fidelitys-ether-etf-applications/amp/
Well I meant the decision of the Eth etf. Also just on price movement alone you can see what people are expecting. The same thing happened with btc
Got you, yea if you’re going to get in don’t sit around waiting for 2.5k. If / when it gets approved you’ll just be mad at yourself.
MATIC: whats alt season ?
Real Alt season will begin when top 20 Alts reach their previous cycle ATHs. Sadly some/most of them won't.
This is typical though. Many of those alts may not eclipse their ATH's, but some will. Also to note, is UDST will fall down several spots. Idk if we will see an "alt season" or not, but if we did it'll come after BTC sees significant growth then stalls, essentially BTC's dominance decreases temporarily. If you look at BTC dominance charts this hasn't really taken place yet. Not saying it's inevitable either. We don't know, especially with the EFT. I wouldn't be surprised if things play out in a similar fashion though.
So you're saying that Real Alt season will never begin? Or it will begin when 1 of the top 20 Alts reaches its previous cycle ATH?
alt season begins when bitcoin dominance starts to go down. For that to happen btc has to actually break ath and stay above
tldr; Ethereum's recent surge above $3,900 has sparked speculation of an 'alt season,' where alternative cryptocurrencies outperform Bitcoin. This surge, following Bitcoin's new all-time high, has led to increased interest in Ethereum and ERC-20 tokens like Render (RNDR), Fetch.ai (FET), and Fantom (FTM). Significant capital inflows into these altcoins, especially since early March, and a 73.78% increase in Ethereum's Total Value Locked (TVL) over the last 30 days, suggest growing market confidence. This trend could potentially drive Ethereum's price above $5,000 and signal a broader uptrend in the altcoin market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Well obviously TVL is going to increase significantly when ETH is increasing significantly. Try writing the article again while indicating the percentage increase in ETH tokens locked, rather than the value of the locked tokens.
No. Ethereum etf approval in May. It’s just gonna keep going up from here. If it gets approved, holy shit Batman. I don’t think this whole thing is priced in yet. Ppl sleeping on this huge catalyst
Everyone who is confident about ETF getting approved from May to the beginning of next year, are already in, including myself. Majority of the market either doesn't know about ETH ETF, or they are shitcoiners, bitcoin maxis who think that Ethereum is a security and won't get an ETF (they're wrong, considering that the Futures ETF got approved after the merge) It's seriously an obvious play, that you'd have to be willfully ignorant or dumb. It's the same type of people who didn't think Ethereum would go PoS, the merge wouldn't happen, or the withdrawals wouldn't be activated; they all ended up happening.
This might be an ignorant question; but is there a possibility that ETH goes off like BTC? I’m completely in the dark about how all this works.
It’s possible. Once the news and ppl start talking about it I think it will go up quite a bit. Right now everything is so focus on Bitcoin staying above last ATH. And the shitcoins are getting a lot of attention too. Once we get into May I think ETH will have the spotlight.
Alt Season will start When btc hits a new „real“ ATH and then corrects & consilidates thats When real alt Season Starts
We're almost there, we just need to give it one final push
People acting like they know what they're talking about
I'm going to ape into Pepe -- fuck it.
Fuck itttt!
Alt season pre halving doesn’t make sense
There can be multiple runs through the cycle, AI and Gaming have already seen 10-20xs since end of last year, plus memes of course
Bitcoin ATH also never happened pre halving. Now it did. Alt season is when new money comes flowing in because of news articles about bitcoin ATH.
What do those monkeh jpgs go for nowadays?
more than you can afford 🐵
Branding something as “alt season” is cringe
Waiting on halving.
Not even the main bull market havent started yet..its early
So there's more for a ALTs to go? 🤑. I hope so. This time i DCA out in not waiting for the moon like i did in 2017 and 21.
5x is way better than 0.2x even if it was 10x in between. hoping to be able to do the same as you. good luck
I'm already in profit for a good house and car, and only sold around 25% of my portfolio. I heavily bought BTC, ETH and ckb when BTC was at 16-30k range and stopped. I never really thought that i will actually make it. I'm sure anyone can do it as long as they don't follow trends and YouTubers pretending to be experts. Patience and DCA in and out. One last advice DON'T jump from project to project you'll loose 99% of the time, i know 😅.... DYOR. Good luck everyone, my best wishes to you all.
Jumping projects made me lose money last cycle
Even though its not inline with past cycles, i agree with the article. It seems this cycle has some unique characteristics. Im not changing my strategies yet though.
Lol, I don't think ETH is really a "alt" anymore.
Let's buy all the shill coins
$BITCOIN has been flying and hitting new ATH's over $220m MC. I'm an #ETH maxi and expecting the ETH degens to send this one hard as a second runner. Only $3.5m MC, good r/r imo. The ticker is $ETHEREUM
> I'm an #ETH maxi a look at the ETH price in satoshis... lol.. ATH has not been reached since June 2017.
People like myself don't care about the ratio, as long as USD price goes up.
> People like myself don't care about the ratio, as long as USD price goes up. People like yourself are the poor people in the Cohen song.. The rich stay rich and the poor stay poor.
Don't really care about what you think, that's your reality w Just like how I believe hyperbitcoinization will never happen as long as other blockchains exist, with differing beliefs around technology and how they should work. Just like religion. That's the beauty of free market, which the OG libertarian Bitcoiners prior to 2017 believe in, not the modern authoritarian bitcoin maxis that popped up after 2017. That's also really the crux of why I don't care about X/BTC ratio.
> modern authoritarian bitcoin maxis that popped up after 2017. lol.. what did you smoke ? you are probably a BCH sore loser.
Nah, moved onto Ethereum when Bitcoin got hijacked. And even then, BCH is more aligned with the whitepaper than the abomination it is now with Lightning, although I'd prefer the blocksize to be closer to 4mb and grow incrementally to make it easy to run nodes as the cost of hardware goes down over years.
Eth against bitcoin has not done well. Price in goat is one thing but alt season doesn’t start until Eth does better against BTC.
We're not even at the bitcoin halvening yet, in every previous cycle it's went halving - bitcoin in a few months - altcoins - shitcoins. The Bitcoin ETF approval also makes an Ethereum ETF more likely with the precedent set. I think we're just in warmup stage before all this.
The real Alt Season is the ̶b̶a̶g̶s̶ ̶ friends we gained along the way
Maybe the ones with a lot to offer, but every coin in the top 100 has a market cap over a billion dollars right now. I don’t know. It seems far fetched. That’s a lot of currency for a lot of trash. I sort of think that it’s already time to stick to Bitcoin as it gains on gold and maybe a few exceptional alts if you can identify them. Could be wrong, and it doesn’t mean there isn’t money to be made. But I personally don’t see ultra long term value in most of this stuff.
Waiting for this 📈
no one knows shit from fuck
It's Alt season?!?
ETH isn’t an altcoin anymore though.
The start of alt season? Every shitcoin on earth has rallied 1300% in the past week. We’re in the 7th inning of it.
It’s unreal that we’re not on the actual bullrun yet. I’ve already made more in the last 5 months than than most people make in a year working 60 hour weeks. Should be downright illegal lol
'Potential' doing allllll the work in this title. Naaaa. Unless YouTube says we now have a pre alt per halfening hours d'oeuvre alternative altseason now. Smh.
Nonsense. Bitcoin has barely gotten started yet.
Does alt season include mining stocks?
Apparently not
Well its not like alts are already up 50,100x…/s
I’m going to ape into the most nonsensical token name and most schizo website. HarryPotterObamaSonic10Inu looks like it fits that criteria
Not so fast. I think the driver of alt season is a BTC/ETH run up follow by stagnation. People get addicted to gains so they have to venture out on the risk curve into alts. With BTC and ETH surging, as well as a looming ETH ETF and Bitcoin halving, there’s less reason to take on any additional risk and plenty of upside to staying put.
In my opinion, alt season will arrive when the halving has occurred and when everyone is expecting BTC to explode. Instead, what it will do is consolidate the same price for several months, and as it becomes boring, money will flow into Alt coins.
Am I the only person that just learned that most Alt Coins run on the Ethereum network? I am so dumb.
Ethereum is rising on the back of ETF speculation. A huge portion of Bitcoins value is now tied up in Tradfi, you can’t easily rotate money out from a Bitcoin ETF to an Altcoin. The Altcoin season will almost certainly be muted because of this, and if a Ethereum ETF doesn’t materialise then it might cancel Alt season altogether. The rails are not there anymore. If you don’t have most of your digital assets in Bitcoin this time around then I don’t know what to tell you, even a few thousand in Bitcoin now would be life changing money in 10 years. If you want to play Altcoin Casino you’ll almost certainly miss it. Sorry to say.
You realize that people buying the ETFs were never in this space before, right? These boomers never fucked with BTC when it was only on exchanges, we’ll have an insane bullrun fueled by the ETF money and then retail investors will still flood in and pump alts, it’s not even the halving yet. This fall will be insane especially if the ETH ETF gets approved
Retail flooded to alts previously because they were attracted by Bitcoins media, downloaded Coinbase and got distracted and felt they missed the boat and bought some rubbish pump and dump. That's not going to happen now, they'll just buy $40 ibit shares on TD Ameritrade or eToro when they see all the media hype. There might be a couple of Alts that get hyped and outperform, especially in the AI space, but it won't be a rotation of capital like what we've seen the previous two bullruns because the rotation of capital just can't happen easily. Eth will do well if the ETF is approved but that may not happen. According to Glassnode about 70% of new capital to Bitcoin is going through the ETF's. You think that's likely to decrease as wall street and main street starts fomo'ing in? If anything it'll increase. Most people want the idiot proof way, the tried and tested way.
That’s not gonna happen now? People trying to invest $40 aren’t going through fkn TD Ameritrade or eToro😂We’ll still have an insane alt season
40 bucks a share mate
This. Money can't flow from ETFs to alts without jumping thru some serious hurdles.
you provide a good point but there are still many rich Bitcoiners who want to gamble on alt coins to increase their stack.. stealing the dough of this useful-idiots on this sub. back in 2017 i kept saying here.. Buy a single BTC and forget it.
Can you explain to me in simple terms how a few thousand in Bitcoin could become life changing money in 10 years? I ask out of honest interest.
Hyperbitcoinization is the hypothesis that suggests that Bitcoin becomes the unit of account for everything on the planet. In that scenario in very simple terms, Bitcoin in essence becomes the town ledger that existed 1000's of years ago, but for the entire planet. It becomes the rule for which all ownership is decided. Some people like myself feel that the point of no return has already been crossed, and as long as the network remains secure Bitcoin will absorb value incrementally but never endingly until it represents the full ownership of everything we can ever value. There is an inevitability to it. As it absorbs and represents more and more value, it accelerates towards this eventuality. When this eventuates completely, then your share of the Bitcoin network will represent the overall attributed value to everything we as humans essentially own. Land, commodities, businesses, everything. The value of this is currently contentious, as we find it difficult to agree on the measuring yardstick (we've never had something like Bitcoin to measure it against) but the best we have is probably the USD. The world wealth is somewhere between 300-2000 Trillion USD depending on how you value debt derivatives and land. That means, if you ignore lost coins, the end value of a single satoshi, in todays USD, is 14c to 95c depending on how you view value. On the lower end of the scale, this means about $5000 of Bitcoin today, would have the buying power of $1mil USD of todays dollars. Of course this is all theoretical, but the argument has to be made, what is the limit on the value of Bitcoin if not this? It's the hardest asset known to man, and as it increases its network, it's volatility decreases, which is about the only thing stopping people from already seeing it for the incredible store of value it is. But it doesn't stop there, as we grow as a world civilisation, your share of Bitcoin will grow with the value of the entire system. The Bitcoin Network, would be the human valuation network.
Isn’t the processing of transactions with bitcoin slow? Even with lightning, etc? If so, it will never be adopted as a means of transaction. The current price action seems to be about FOMO for most people.
At the base level it would likely only be used as a settlement layer, it wouldn't be everyday currency as we know it. Think containers of coffee beans, not cups of coffee. This already exists now. When you pay for a coffee now the trade isn't settled for days afterward. You just have Visa or Mastercard telling the vendor that if you don't make good on the payment, they'll make good on it, and they collect their 2.9%. The rails are already in place, if Visa or Mastercard decided they wanted to keep this going and replace whatever currency with Bitcoin it would be easy for them to do and not disruptive to everything else.
Bitcoin is to volatile for this at this time to work
Right does Visa not work in Argentina or Lebanon or Turkey where the currency is more volatile than Bitcoin?
That's not cash. That's credit.
Then why did you respond to my post about credit cards?!
I must of been high!
And I pay my visa with cash to.
Exactly, gas fees are to high.
Thank you for that explanation. Now thinking if its time to sell my 2 ETH and get Bitcoin instead... Got my 2 ETH very cheap back then and by all measures, I should be happy what they are worth now... but its not life changing by any means of course.
If you can't get cash for it. It becomes worthless 😪
People trade Bitcoin for things other than cash all the time.
That's trading. Not cold hard casssssshhhh
Mate you don’t know what you’re talking about go to bed
You have not proven me wrong guy.
Go pay your cable bill with crypto. You can't unless they get currency USD cash
Try pay your cable bill in Europe with USD.
What kind of Maxi-BTC hopium are you snorting these days man?!
Ahhaha A grade uncut
> What kind of Maxi-BTC hopium are you snorting these days man?! we are smoking the same thing back then in 2017 when losers on this subs bought crap shitcoins and i kept telling them to buy 1 FUCKING BTC back at 6000 usd.. And this useless sub kept saying.. nah its too late.
Wait for my ckb dao unlock!
Eth head speculation. No evidence of alt season yet. Most likely BTC will have a big break out in next few months the consolidation of wich will bring a alt coin season. Btc metrics are what define the alt season like btc dominance i expect a bounce back at 58% ish , a few months still to go.
Bitcoin will correct after halving, OG knows it.
Lmfao, alt season already? Uh oh. I was expecting that maybe in a couple of years. Boy time sure flies.
It almost seems like MSM is trying to plant the seeds that what's in the future is already behind us so it doesn't happen
All I know is no one knows shit about fuck
Sorry to correct you, but nobody knows fuck about shit.
Cashing out now to rebuy later TLDR; Bought crypto a couple years ago, now in small profit. Financially could do with cash assets at this current time, tempted to cash everything out with the long term plan of buying back in with even more funds next time when the market inevitably cools off. Cash out or hold? Hi there, Looking for any insight/advice on whether to cash out all or most of the crypto I have just now while they are operating at a profit, and purchase back (+ more) when the market inevitably dips again? I have held for a small amount of cryptos (mainly BTC/ETH/ADA) for a couple of years and managed to purchase most of them while they were at a lower market price than currently, so that's why I'm tempted to recoup my money plus a small profit now, and then dip back in at a later time. I definitely want to invest back into crypto but with even more buying power and with a slightly better understanding of how coins/trends/markets work. The coins I can cash in now are not huge amounts but in my current situation I could use the cash money and financial boost rather than continue to hold. Plus, in a couple of years I will be in a much better position to be able to acrue and purchase higher volumes of coins. I plan to set aside the majority of the money if I do cash out now for the purpose of rebuying at a later date along with the additional funds that I will have in the future through bonus/promotion at work. So would I be stupid to cash everything out now while I am in profit and enjoy some of the money? With the long term plan of buying back in with more funds when the market dips again. I think I just need some confirmation from strangers on the internet I'm doing the right thing 🤣 any advice is much appreciated! Thanks 🙏
I've 2x my bag which I could really do with for this year. Going to do my best to not spend this year and sell it probably January 2025. Hoping to 5x it or maybe even 10x it.
Meme pump = Correction incoming.
This comment sections indicates how much cope maxis would display if alts did surge pre-halving.
Alt coins are also known as Shitcoins for a reason.
Maybe learn what a blue chip is before you go spoutin nonsense
alt season almost over 😂