bitcoin We are in a Bitcoin Rally, not an Altcoin Rally

[CryptoResearchReport 11]

 

Several weeks have passed since the Bitcoin Halvening. Weeks in which large parts of the market have been relatively quiet. Hardly any major cryptocurrency today differs from its position on May 9th, two days before the halving. Compared to mid-February and mid-March, however, a clear difference can be seen in the performance of individual projects during the Corona crisis. This article attempts to get to the bottom of this phenomenon and to draw parallels to the halving of 2016.

 

Read full report:
(EN) https://cryptoresearch.report/crypto-research/we-are-in-a-bitcoin-rally-not-an-altcoin-rally/
(DE) https://cryptoresearchreport.de/crypto-research/wir-erleben-eine-bitcoin-rally-keine-altcoin-rally/

 

 

[magd 5231]

It is difficult to find any similarities between the past half and the half that occurred this year because the successive crises this year, especially the Corona epidemic that led to the deterioration of the global economy, were the reason why the price did not rise significantly and thus the analyzes in the article are slightly exaggerated.

[Whited35 15285]

I have checked your well written articles which have covered almost all the factors with the good analysis. Anyway, Corona virus pandemic was key that current crypto market is still struggling to make the stunning comeback. I still have hopes for Bitcoin's price to be raised in the cryptocurrency markets. 

[BTC Future 3946]

Basically the last few days we are in the opposite of any rally. We are dropping and perhaps we might even drop down to 8k again and rebuilt from there. I don't think we will drop further but 9k support looks really weak right now. 

[George10 9932]

14 hours ago, Whited35 said:

I have checked your well written articles which have covered almost all the factors with the good analysis. Anyway, Corona virus pandemic was key that current crypto market is still struggling to make the stunning comeback. I still have hopes for Bitcoin's price to be raised in the cryptocurrency markets. 

I agree with you mate the corona virus pandemic could be the reason why we will experience a delay on our expectations to see the bull run after the halving like it happened in the past however, we should just gather for some patience because I also believe soon the price for bitcoin will go higher as expected.

[Crypto123 0]

Right dear, there is a similarity between this Halving and Halving 2016. I read a similar article and wrote a topic about this and made a historical comparison of Halving Bitcoin in the past years, I think there is a similarity in the historical Bitcoin process and now there is a period of calm and after that it will start.

[Whited35 15285]

7 minutes ago, George10 said:

I agree with you mate the corona virus pandemic could be the reason why we will experience a delay on our expectations to see the bull run after the halving like it happened in the past however, we should just gather for some patience because I also believe soon the price for bitcoin will go higher as expected.

Seriously, I have been waiting for Bitcoin price to be skyrocketed for a long time. I expected like Bitcoin halving event might give me some extra benefits but unfortunately, corona virus pandemic is here but still patiently waiting for the best possible moves of Bitcoin in the cryptocurrency markets. 

[Brand1 1336]

Corona virus had a major role in the price drop before the arrival of the half event, because this decrease changed the expectations of many people because most holders of the cryptocurrency had hope that the price would reach $ 15,000 or more after the half event ended, but this matter did not happen because of the low price of the currency that It happened before the start of the half event and for this reason we can say that this half event was completely different from the previous events and I see that the price will touch $ 15,000 but the end of the year

[Saj555 2250]

Third  halving has already took place. But the price seems to be quite stable till now. As the expert says,it will take only 3 to 6 months to have a huge increase in the price of the bitcoins and other cryptocurrencies depending on it. The price will be above 20k usd at the end of the year or earlier. So we have to be patient about this condition and see what happens then.  Bitcoin is the priority for almost every person. 

[Zaino34 0]

In this year, several changes occurred to the price of bitcoin before the occurrence of the half, where the Viroy crisis had a significant impact on the price of bitcoin in this year, and the half of this year cannot be compared to the previous half because the conditions are not the same and there are other factors that affected the price of bitcoin

[Calvinpriva 17296]

I thin the bitcoin rally started on february to april this year. My things happened in that time, some people gave up on bitcoin and other keep their faith. The price its like is going to fall again but in very small percent.

[Moaz 7239]

Yes, this is true. The crypto market has been stable since halving and the bitcoin price has not seen almost any change since last May 11, contrary to the expectations of many experts in the crypto world who expected a significant rise in the price of bitcoin after halving directly, perhaps the reason is impact of Corona virus, which adversely affected the crypto market

[Yomose 3704]

On 6/15/2020 at 10:33 AM, magd said:

It is difficult to find any similarities between the past half and the half that occurred this year because the successive crises this year, especially the Corona epidemic that led to the deterioration of the global economy, were the reason why the price did not rise significantly and thus the analyzes in the article are slightly exaggerated.

I do not think so, it can not be because of the pandemic, bitcoin price later rose from $3600 to $9000 presently, don't you know halving helped. That aside, in 2016, there was bear market immediately after halving, but the thks changes after feew weeks to three months, the price stated rising. We should be patient to knkw if the price will still increase or not. 

[DiamondBit 720]

I do not get this statement,  bit coin has never grown multiple of times digibyte, zilliqa and many other coins grew this year, altcoins are many, son increase prices than bitcoin but son are so stagnant. 

[Honny143 13612]

Bitcoin halving later everyone thinks bitcoin bull run start and we see bitcoin higher Price's, but unfortunately we can't see big movement in bitcoin prices, iam not sure its corona pandemic effect are any other reason but bitcoin prices stable in 9000$ dollars, I am sure couple of months we see good price, but one think few altcoin prices increase like dogecoin I think around 200% prices increase in this month.

[estee369 489]

ALT coin mostly depended on BTC because you can check the chart most of them i think all of them moves most fo the times ups and downs when BTC moves.

[Captin 0]

Now, we started to see the results of the halving that occurred this year, as Bitcoin reached 14 thousand dollars and is expected to reach 20 thousand by the end of the year. In my opinion, the next halves will witness a greater increase in the price of bitcoin

[cryptovlek 2597]

I have to disagree because during summer it was a altcoin rally that happened and was coming from investors interest too on altcoins because mostly of the interest in Defi that was dragging the rest altcoins too. 

Instead what happend lately was an unreasonable altcoin pump that I happen to think of it as very dangerous even for Bitcoin as investors tend to buy altcoins unaware of the dangers.

[bogdanoff 3173]

The effect of the halving on Bitcoin was this that we see today, but the altcoins started rising for some time too and the extreme rise of some of them in just a few days made bitcoin correct. I fear for the future because of the altcoins that will not allow Bitcoin to rise. I've read reports about the corellation of altcoins rising and stopping Bitcoin from further gains and this is my only fear for 2021. Altcoins pressuring Bitcoin and not allowing to show the full potential.

[percare 3192]

I am not against altcoin rallies but I think that sometimes they are absurd and not realistic and the one that send Ethereum to $700 and XRP to $0,8 were not because of real increase in demand but because exchanges and big whales did that and the fomo was just a smaller percentage of what they were expecting. I don't like altcoin seasons actually as they are dangerous and can make people get stuck in useless shitcoins.

[Fixfin 2569]

It was a Bitcoin rally from the dip in March until June but the Defi wave turned it into an altcoin rally that ended with many misfortunes. After that Bitcoin again started the engines and is close to 20k but altcoins once again make this difficult and I think this can be a reason to drop again if price fails to break 20k.

[yonkii 3205]

It will be interesting to know about this and understand what happened in 2016 and perhaps draw parallels as altcoins seem to be making the most only when Bitcoin price is rising and this is somehow concerning me because we don't want people to be distracted by promises of easy profit, yet this is what is happening with every altcoin and the pathetic shills in the social media and youtube.

[annayks 2314]

I sometimes hold a few altcoins but it is not what I care about. I used to own Ethereum and I was using that network with erc20 tokens, being part even in dapps and games, but this year Ethereum was destroyed with Defi and anything I was doing I stopped and quit, sold all tokens and Ethereum and not going to use this again.

An altcoin season is pump and dump and I don't care for altcoin bubbles.

[Raqeebzy 6456]

Now, we are in bitcoin rally and in such moments, large number of altcoin dumps really hard (most of the times). Now, I think in coming moments, BTC is going for a new alth and a few altcoins pumping too. We might experience Alt season and BTC rally at the same time.

[Sykkuno 2887]

A bitcoin rally usually is followed by an altcoin rally too since the altcoins would probably have dropped, but what we have seen this time wasn't Bitcoin rising alone but altcoins being always very close. This makes Bitcoin weaker beacuse but if whales can use it and pump Bitcoin again after pumping alts, it could help.