Before we begin, please note that this is not investment advice and we are not investment advisors, rather we are just trying to offer some insight into some possibilities that could occur as a result of ‘Altcoin Season’, a phenomena that occurs when altcoins start to shoot up away from the trend of Bitcoin – some investors call it a pump and dump, but this might not always be the case.
Remember that investing in any cryptocurrency is a risky business, all cryptocurrencies are volatile and are subject to dramatic price changes, therefore you should only invest what you can afford to lose and always remember to trade safely.
It’s Altcoin Hunting Season
As we have suggested, ‘Altcoin Season’ refers to altcoins shifting upwards away from the trend of Bitcoin. Generally speaking, because of it’s huge grip on the markets, Bitcoin leads the price of altcoins, therefore when Bitcoin spikes, the rest of the markets follow, though, sometimes, due to a low level and underground…
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