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Cryptocurrency for Beginners

What is Altseason in Cryptocurrency?[SOLVED]

1 min read
When these guys cash out, the prices can easily crash 60-80% within minutesHowever, this results in retail investors (amateur investors and traders) buying at the top and making a loss.

What is Altseason?

Altcoin season( or Alt season) in cryptocurrency is a period in the cryptocurrency market cycle when all altcoins and blockchain tokens start pumping one after the other.Investors usually start cashing out during altseason in the bullrun.

What is Altcoin  Season ?

Altcoin season is an opportunity for crypto investors who got in early in a blockchain project to make 10× -100x on their initial investment 

Prices can rise astronomically high overnight which is an exciting opportunity for new investors.

What causes alt season?

Historically, alt season is occurs when investors have made profits as the large market cap cryptos like Bitcoin and Ethereum peak and investors seek out other opportunities.

Risks of investing during Altseason

The biggest problem is the cryptocurrency market needs buyers and sellers

The sellers can be founders, whales, traders who want to cash out.

When these guys cash out, the prices can easily crash 60-80% within minutes

However, this results in retail investors (amateur investors and traders) buying at the top and making a loss.

How to avoid getting REKT during Alt season

As a beginner investor there are several strategies to avoid losing money or getting scammed during alt season

But all them require a couple of basic skills to make consistent profit safely:

  1. Fundamental analysis (project analysis)
  2. Technical analysis (charting, trading indicators)
  3. Mastery of crypto trading tools on crypto exchanges (spot pairs)
  4. Risk management (learning how to lose and knowing when you ‘re wrong so you can cut your losses)
  5. Have a plan and stick to it
  6. Emotion mastery – the most underrated skill, yet greed is the one emotion which causes investors to lose money
  7. Understanding what is causing the pump of the blockchain token to predict risk

Why do crypto investors get hyped for alt season

It’s difficult to control the excitement when all the opportunities arise during altseason.

Alt season can be a cash machine for some cryptocurrency traders and investors.

However, alt season can result in investors losing a lot of money

The influencers flashing lambos on social media are rarely tell how much they lost.

Where to find all these altcoins ?

At initial phases, altcoins are listed on less popular exchanges like poopcoin and decentralized exchanges (pancake & uniswap)

The hype usually happens as they get listed to the biggest cryptocurrency exchanges like Binance.

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