IMO we need Bitcoin to make a real run before it brings back the dumb money.
Thread:
"When is Alt Season?" is a question we all ask a lot so let's take a look at a possible scenario that could answer that question.
IMO we need Bitcoin to make a real run before it brings back the dumb money.
That FOMO didn't begin until roughly November of 2017, 11 months AFTER Bitcoin entered price discovery.
And the mania didn't begin until early December 2017 almost 1 year after Bitcoin entered price discovery.
Google Confirmation Bias if you dont know it.
THAT is when we see an alt season. It will be once Bitcoin is far enough along into this new stage of price discovery
That is the point where you will see the mania begin again and that is when alts will move for real. I don't mean 2x or 5x. I mean 10x in one day, 100x in 1 month. Those are the moves that the mania produces.