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RE: Some Altcoin Season facts...

in #crypto5 years ago

I think these gains are a precursor to a much larger spike in the summer. It's possible that it fizzles out here, but I think there is a much better chance of things getting crazy in the next few months.

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There are a lot of bullish things kind of all converging at once here. I didn't expect this move in bitcoin to come this quickly, but it's here and like you just mentioned it may have a ways to go yet.

A lot of fundamental gains were made during the bear market. None of those gains were actually captured by investors. FUD reigned supreme. Now we are seeing a reversal.

Yep, agreed. Plus there is more clarity from regulators (though still not enough) and confidence that the entire industry is not going away, it wasn't just a flash in the pan bubble, it has some legs. Plus the fundamental gains in many of the projects. Not to mention how much easier it is for investors to participate this time around. All those things combined should help during this bull run.

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