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57934699 No.57934699 [Reply] [Original]

Explain to me why alt season happens as part of a cycle. And how many cycles have we had so far?

>> No.57934716

>>57934699
>Explain to me why alt season happens as part of a cycle. And how many cycles have we had so far?
"Alt season," or "altcoin season," refers to a period in the cryptocurrency market where alternative coins (altcoins) — those other than Bitcoin — experience significant price increases and outperform Bitcoin in terms of investment returns. This phenomenon occurs as part of a broader market cycle for several reasons:

1. **Bitcoin Dominance and Profit Cycling:** Typically, a cycle begins with Bitcoin gaining value, leading the market trend. As Bitcoin's price stabilizes or enters a consolidation phase after a significant rally, investors and traders start to look for higher returns elsewhere, leading to the flow of profits from Bitcoin into altcoins. This increased demand can significantly drive up altcoin prices, marking the start of an alt season.

2. **Speculation and Search for the 'Next Big Thing':** Many investors are always on the lookout for opportunities to get in early on what could be the next Bitcoin in terms of profitability. This speculative drive contributes to the cyclical nature of alt seasons, as new and existing altcoins are pumped in hopes of substantial returns.

3. **Increased Media Attention and FOMO (Fear of Missing Out):** As certain altcoins start performing well, they attract media attention, which, in turn, draws in more investors, further fueling price increases. This FOMO effect can create rapid, speculative bubbles in the altcoin market.

4. **Innovation and Sector Trends:** Sometimes, alt seasons are driven by innovations or trends within specific sectors of the crypto market (e.g., DeFi, NFTs, smart contracts platforms). As these innovations gain traction, related altcoins may experience heightened interest and investment, contributing to the cycle.

>> No.57934722

>>57934699
It is not within my self interest to go out around spoon feeding people how this stuff works, sorry

>> No.57934723

>>57934716


Regarding the number of cycles, the cryptocurrency market has experienced several alt seasons, but quantifying them precisely can be challenging due to the varied definitions and criteria for what constitutes an "alt season." Broadly speaking, notable alt seasons have been observed following major Bitcoin rallies, such as those in 2017, late 2020 into 2021, and other smaller cycles in between. The exact count can vary based on the criteria used (e.g., percentage gains, duration), but these periods are characterized by significant altcoin market activity relative to Bitcoin.

The crypto market is highly volatile and influenced by numerous factors, including regulatory news, technological advancements, and macroeconomic trends, which can all impact the timing and magnitude of these cycles.

>> No.57934727

when btc crabs alt season has started, people move their money out of btc to other projects so they can invest more into btc later.

>> No.57934748

>>57934716
>>57934723
>>57934727
thanks :^)

>> No.57934794

>>57934699
because eventually people start to use bitcoin for its intended purpose: selling it to buy better coins