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59254962 No.59254962 [Reply] [Original]

wtf happened?
and why the fuck aren't alts moving?

>> No.59255001

>>59254962
Bitcoin ETF institutional investors will not rug their TradFi investors; it will very possibly keep a 85-95k floor. Retail is less bored and with less disposable income than it was in 2021. Memecoins already boomed. Alts like ADA, XRP, AVAX already pumped. I think either altseason is actually at its peak or it will not happen at all this time. It is recency bias to think that every project will 2,10,50,100x. “Past performance does not guarantee future results” - as investors say.Normies prefer to dip their toes into crypto traditionally now. It will get higher and higher. It may even get coupled with S&P500 at some point. While alts will be regarded as pump and dumps: “altseason up, bear market -85%”

>> No.59255006

>>59254962
buy btc or cry until u die. simple as

>> No.59255010

>>59255001
alt season is caused by FOMO after Bitcoin makes a major move upward. We're still several months away from that.

>> No.59255016
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59255016

>>59254962

>> No.59255040

>>59255010
Yeah at the moment normies are biying btc and seeing some nice boomer gains, excited about price go up, ignoring alts which are second order to them. Once bitcoin settles again, they get worried/bored and look into alts. Happens every time, >>59255001 is talking pure shite or hasn't seen a crypto bullrun before. No reason to believe the same pattern won't occur.

It isn't just crypto either, the 2021 doge madness basically came straight off the back of the GME (failed) MOASS debacle when people started chasing another meme

>> No.59255086
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59255086

>>59254962
>why the fuck aren't alts moving?
this

>> No.59255102

>eurofag that doesnt stay up at local night because thats the most important time for crypto
youre just making it harder for yourself

>> No.59255141

imagine being European in 2024 lol

>> No.59255142

>>59254962
>and why the fuck aren't alts moving?
Because normies aren't throwing away their money on your shitcoin scams, they are investing in the only investment-grade cryptocurrency in existence, which is BTC only.

>> No.59255191

It's like it's your first bull season. First BTC moves. Then people start looking at bigger alts, usually it was ETH, but it's probably going to be SOL this time around. Then smaller alts start moving once the big guys settle down a bit.
Last time a lot of potential alt movement was eaten up by shitcoins, looks like this time is no exception.

>> No.59255299 [DELETED] 

>too poor to get out of this shithole
ultimately i guess this means im too poor to want to get out of this shithole, all things considered

>> No.59255338

>>59254962
alts are dead