The Next Altseason: What Will Fuel It?

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Permit me to begin this discourse by first describing what an altseason have come to mean in the crypto parlance.

An altseason is a period in the crypto market whereby altcoins generally experience explosive gains, having outrightly outperformed Bitcoin. A typical altseason may last for just a few weeks, leaving impacts that could last for years in the lips of the gainers.

For instance, the last altseason witnessed in the crypto space occurred between December 2017 and January 2018. Although Bitcoin reached an all-time high during this period, altcoins generally exploded in prices - some even going as much as 20 times their original price.

However, the story took a twist when the bear market set in beginning from the end of January 2018. Although nearly all the gains of the last altseason had been eroded in the past months, the memories remain intact and fresh.

While we can confidently say that the year 2019 has not been fair to altcoins so far, the story is different for Bitcoin. From a low of about $3k at the start of the year, Bitcoin reached a high of $13k before slipping to the current price levels. Unfortunately, while Bitcoin was mooning, altcoins were in the dust. This raises the important question, what will fuel the next altseason?

The answer to the question above is not an easy one. Candidly, nobody really knows when. We can, at best, speculate and make intelligent guesses. Before I give my answers regarding what will fuel the next altseason, however, it is important that we examine what fuelled the last altseason.

Remember that in the opening paragraphs, I stated that the last altseason started when Bitcoin reached a new all time high. That was not a coincidence. There was massive inflow of money into altcoins for only two reasons. First, Bitcoin whales were taking profits and trying their last round of luck on altcoins. Second, FOMO had come on board.

So, the next altseason, if history repeats itself, will occur when Bitcoin sets a new all-time high decisively above $20k. When Bitcoin whales start to take profits again, as a way of maximizing their profits, I foresee a massive inflow of money into altcoins. They know that that will at least quadruple their profits before making the final exit. When this happen, the Bitcoin dominance will naturally drop and altcoins will explode in prices - perhaps more than what was seen a few years ago.

Not only that, with Bitcoin becoming too risky to buy due to its soaring prices, those who do not want to miss out completely are likely to invest in altcoins, thereby contributing to the formation of an altseason.

Nevertheless, I believe that before Bitcoin reaches a new all-time high, we might witness pockets of rallies in the prices of altcoins. This will be nothing but a flash in the pan. The real, earthquaking altseason is not likely to occur until the king coin, Bitcoin, smashes its own record and the whales begin to take profits.

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