The Altcoin Reckoning
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- Опубликовано: 24 апр 2024
- The altcoin reckoning continues as #ALT / #BTC pairs continue to go lower.
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Развлечения
say what you want to say
☝️🤨-notice how the *Real Ben* is highlighted and RUclips verified☑️
First ❤
Why it's not 2 hours long Ben 😢
Hope
Benjamin is awesome! There, I said it. ✨🪐✨
Altcoin reckoning ( Btc dominance )
Ben disguising this as an altcoin video but we know what this video is about lmao
Bitcoin dominance lol 😆
How dare you assu…oh yeah haha!
He’s not wrong though!
💯 BITCOIN
Bahahahahaha, I guess he can’t title every video BTC Dominance for 3 years right?
😂😂
the bitcoin dominance video I have been waiting is out
Always straight in his boots, Ben refuses to play the flip-flopping game as most of them do. He is a true man.
The truest, illest. We love you Ben❤
1. There was not even a real alt season in the bull market yet.
2. We are just over the halving (bullish market comes after months mostly)
3. If you tell people to sell their alt they will be in much higher loss than waiting for the momentum when they have higher gains than btc (alt season)
4. We didn't have a bull market yet, this is an early bull market because of BTC ETFs.
I don't know why people has so low belief in BTC and Alts in this season but it might because we don't have the right economic situation yet. Lets see the market in few months and we will see.
I think we will have even bigger bull market than before as Etf, instituational investors and also halving, USA voting, FED interest decrease etc etc will bring very high interest to the market.
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42 mins
I’m gonna have to watch this in half speed so it can be a feature film like we have become accustomed to ❤
I CAN. NOT. TELL YOU. How excited I will be when Ben says it’s alt coin season.
i can smell the $$$ 😵💫
@@craxxysum1264yea think this strategy tries to front run to point of no benefit. To be fair Idk a sure fire strategy
This 100% @@craxxysum1264
Joke coins u mean😅
Oh I don’t know, 5-15% of a portfolio could be Altcoins I think. It’s not a joke if you win and the only way to win is to play, like the lottery.
Do you know what's most annoying?
If this plays out exactly like Ben has foretold for over a year now, you'd expect a lot of the critics out there to eat humble pie.
However, I've noticed most of those people usually sit on the fence or at least throw in a load of disclaimers. Then subtly adjust their positions as the writing on the wall becomes evident, never holding their hand up on bad calls and making out like they called it all along because of aforementioned disclaimers.
Either that or they misinterpret what he says, thinking he missed the bottom or is saying there are no gains to be made in alts (he never said there wasn't potential for short-term gains in some alts if thats your game and you're disciplined).
Ben becomes a target because he is very clear on his views, sticks to them until he has evidence to suggest otherwise; and then clearly says when he gets it wrong.
A lot of this has already panned out as he said, if this last leg follows through, it is a god tier call from way out in advance.
Its just a pity all he has copped is abuse, and usually from people who have got it wrong on far more occasions, but they keep their head below the parapet.
You're a legend sir 🙌🏼
And to be fair, since the lows from last year, BTC *has* outperformed a great majority of the alts. So it's not like one would have missed that much just from holding BTC
Indeed!
God tier indeed
No lies told
I am still taking cold showers. Video summary - keep taking cold showers until summers.
Cold 🥶 showers 🧊🚿 are key in these situations 👌🏻
Love your work sir, thank you for taking the time explaining it again, ❤
Thanks Dr. Cowen 🙏
Thanks Ben 👍
Thank you Ben
More fine and consistent work, Ben. Thanks, brother 🤙
Ben, thank you so much. From watching your videos, I was able to add markers on my charts & sold many alts before this breakdown. This info is pure alpha for those who have the wisdom to take your ideas into account in their investing.
deeply appreciate your analysys ben .. you have no ideea
Great content as usual. Thanks
Important video. Thank you.
This also lines up with everyone speculating the Fed lowering rates in 3rd quarter this year.
Legend Ben.
congrats on 800k Ben! Keep up the good work
Smart analysis !
I love your work Ben .. you call it for what it is .. staying true to the cause .. keep up the splendid work 👍
Love the content my friend!!
I can't imagine my days without Ben's videos. !!!
"And so there you have it"
Love tha video ben! Ben is the only one here that gave these kind of stuff thank you sifu 🙏🏻
tough to get ppl to think in sats...dont give up on them!
People will see what they want to see. I was one of them who invested in alts last cycle. Got wrecked. Now I understand the value of BTC dominance. Thank you for preparing me better for this cycle Ben 🙏
Great analysis
Nice job as always ❤
Ben only has our best interest. Thx ben!
Thanks 😀
You tell 'em Ben, I love your views!
Thank you Ben! please do not pay attention to those haters. I love your videos keep going with this high quiality videos! salute!
Thank you brother, legend.
Great video as usual
100 percent spot on about the alt coin reckoning and the cycle period👍👍👍
Thx Ben for keeping things real …could u help provide good indicators for us to know wen safe to buy alts or is just the btc pair ?
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Great vid thanks. I went all in btc few weeks ago already and sold all my alts
BNB is not a "micro cap", solana is not a "micro cap"..
Yes they are dude
@chainsawvsgod384 That's like saying walmart is a microcap because it has 400 bil market cap vs nvdias 2.5 trillion. Your talking nonsense "dude". Let's get real.
Dear Benjamin, THANK YOU VERY VERY MUCH for the great video.
While BTC pairs will capitulate what will happen with USD pairs ? Thank you for prompt response ❤🙏
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awesome content
Hey Ben...super fab job. Could you also speak of BTC-SOL pair as well and how you see that trending 12 months forward ❤🙏
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hi benjamin
like i said you are the best
Even listening to this at 1.75x feels perfectly normal. Nice!
RUclips doesn’t go faster than 2x and I rekt my brain it’s waaay too slow 😢
Thank you for all you do Ben! This alpha is so important for investors looking to get the most out of each cycle.
tbf i think Most of the talk concerns ALT USDT pairs which of course is predicated on BTCUSD going up less given the different MCs. Noone can claim that swapping BTC for ALTS has been good for some time
Ben you looking good so far.
I haven't missed a video from you since 2019, Ben. My life is better because of you. I'd like to thanks in person one day. Peace brother. Blessings to you and your family.
mic drop presentation! Love it.
Thank you Ben😊
Why? Bc alts don’t drop in a bull market cycle top which we aren’t even close to yet..that’s a higher high bro. See every raging green candle there? How can anyone be attempting to convince everyone there won’t be an alt season this time around. Alts going parabolic and it’ll be more than “a little bounce”
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Hi Ben, BTC dominance currently show bearsih divergence on Weekly RSI chart. Weekly RSI usually is quite good at predicting turning point. Dont you think 57 and 60 is not that far away, maybe 57 is the turning point instead?
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one thing, is most all the big alts never even reached their all time highs. are you saying we just had a weak alt season and now it's over? im sorry, i just dont agree. i hope you are wrong, but you do make sense.
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Thanks for always being well reasoned and not just dishing out hopium
Please answer, when will be the best time to buy altcoins, mabye if we got a pullback for btc the prices be better than waiting till we reach the 25% altcoin market cap. All shall we wait. What do you think?
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El que estemos en una etapa (posthalving) distinta a la de 2019 (prehalving) no es una variable a considerar para hacer esta comparación?
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Does this apply to crypto miners as well?
Watched from start to finish. Great video as always. Can someone please explain to me which altcoins are being captured in Total3 and Total2? Thanks.
“TOTAL3 which measures the Crypto Total Market Cap excluding Bitcoin (BTC/USD) and Ethereum (ETH/USD), is essentially a metric of the altcoin market. Its movement in relation to the previous cycle is indicative of what we call an 'altseason', when this market segment rises disproportionally to the rest.”-source: google
Thanks as always for these videos. A point of constructive feedback: the video could be 1/2 or 1/3 as long and in turn be 2-3X more effective.
When alts go they will massively outperform Btc.
Great analysis Ben. There are only a few that out performed Bitcoin so far and most have to kiss the ring of the king!
35:00 For summary
I like that Ben can be so straight-forward and also not take it all too seriously. No hype and "WArNing!!!" videos. I remember being an avid watcher a couple years ago participating in "building a house" out of the charts in livestreams. Watching the chart pop out of chimneys and go through garage doors built an hour prior and everyone would cheer in chat lol. Just having fun being completely realistic about the crypto market. Always the calm, collected, real, and informed voice over the years and hasn't changed!
Some might see it as an opportunity to make a lot of profit on the rebound
Ben, I understand not making more videos on this next cycle, but will you keep the ones you made for this cycle?
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Ben what altcoins you will be buying when it's time
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Great work Ben, eye opening details, WHAT A PERFECT POINT you made with this, BTC all is matters, Thanks a lot
I think a lot of people, like myself, are buying the alts not because we think it's season, but because we aren't as experienced. This is the biggest exchange of wealth ever. I'm not gonna miss it bc the market is or is not suppose to do something.
Ben, no offense with my counter arguments here. Unlike the past Bitcoin cycles, it is evident that Bitcoin surpassed the all time high even before the halving occured or in other words, this bitcoin cycle is slightly different as compared to the past. I'm just wondering why would you still strongly believe that alts will not rally before the QE occurs?
Anyway, I'm always waiting for your "bitcoin dominance videos" in disguise like this Ben. Cheers from Indonesia!
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For the 10,000th time, this video is on ALT/BTC pairs.
I'm getting tired of explaining this over and over again
@@intothecryptoverseyou really should put THAT in the video title!!!
The altcoin reckoning videos are on my must watch list.
Ignore the 2021 exception and you will see a trend that suggests we are at the bottom on alt/BTC.
IF the Fed actually cuts rates MAYBE but economy not looking good.
why are we ignoring 21?
@@vincenttaylor6101because Covid was an anomaly. A black swan.
@@ROVA00that might apply to the lows but 2021 boom was more about money printer go brrrrr which is unlikely to be one off
@@ROVA00alt btc pairs broke well,before 2020 though?
Thank you Ben, this might be simple for market vets. Newbies might have an idea of buying BTC and trading into alts around altcoin season.
This video really highlights that impact and the price delta with time. Instead of just buying and holding alts.
However, we need to also account for capital gains and exchange fees when selling and trading into BTC then into alts then selling. It's way more complicated than just price movements.
incorrect ben, this chart is a perfect example of an accumulation wyckoff chart and its about to go so much higher.
23:25 “ETH/BTC pair still stuck in traffic on struggle street.”
👌
Lot of things you said Ben makes sense , I have taken profits and staying on stable coin on some of my position let’s see how it is going unfold coming weeks and months. Thank you for your effort.
Been waiting for this vid! Thanks Ben
Bitcoin > Alts
I entered crypto in may 2020
Since i came across your channel i have learned soo much about btc dominance and how its affects the markets!!
Readyy for this bull
And readyy for next cycle🎉
hell yeah
Tell it like it is ‼️
Benjamin to be clear, are you saying you no longer buy alt coins or view eth as a "blue chip"?
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Checked in Coin Gecko the top ten alts excluding stablecoins and memecoins:: ETH, BNB, SOL, STETH, XRP, TON, AVAX, ADA, TRX, WBTC So during this pump that's likely to last up til some point on next week possibly a good idea to sell?
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Thanks Ben! Amongst all noise and hopium it’s very good to hear your perspective,, really welcome these videos and the paid site is amazing, very worth it,, to anyone interested (haven’t been paid to say that lol)
Can you also make the argument that the bull market won't end until a change in monetary policy? I believe this coincides with the second peak for the last cycle, a (verbal) shift in monetary policy.
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Came for the reckoning stayed for the dominance. Final words before sweet buy in lows 😀
Although I only trade altcoins I have to admit that I agree with you.
I ❤benji
Ben, what happened to “No Shill Zone”? We haven’t gotten an episode in months. You still working with Garett on that?
So basically in terms of USD valuation of Alts, it means dump all your alts, and wait till FED pivots, since alt season wont happen and you better of holding on to USD on high yield accounts. Is that accurate?
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Bitcoin started the year around $40k while ADA started around $0.60 and it's now close to year lows at 0.45.
Thank you for opening our eyes .
Ben shouting at everyone haha!
Rightfully so 😂
How do we like AVAX? I've held a ton since early last year. Ben scaring me over here...
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Hi Ben. I'm a fan of yours and been following for 3 years.
I'd like to clarify this one.
Regarding the "power" of bitcoin, the amount *this coin* 1 BTC can buy
29:03
30:13
You're right that most people don't care about that.
But why is that power not that important? Basically it's the magnitude of increase in BTC price. It can easily increase $5k-$10k, compared to how much the altcoins increase in price.
That's why it "looks" powerful. The amount of "X coin" 1 BTC can buy doesn't matter.
What we focus more on is the percentage of increase. BTC doesn't offer that much. Decent altcoins offer enormously more upside than BTC (which is obvious but this has to be mentioned), it outweighs the risk.
Take a random period (say the halving, but this is period-agnostic, you can also choose the cycle lows, the halving is not important here I just wanted to select it)
2020 halving to 2024 halving returns
ADA: 12x
MATIC: 50-60x
BTC: just 6-7x
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As always your views are respected and absorbed I'm patiently waiting for for old season been watching and waiting for a long time now devalude against BTC sure 😊
I think people use the argument that some alts still outperform Bitcoin. Those Alts have what people call Pumpamentals which means they are new and shiny, essentially that they have a presence over on Crypto X. You can make money on these, meme's too, but it wont last.
Views are simply tainted by the utliers, but looking at the overall trend and it's completely evident that Alts are bleeding to BTC during this QT environment. Thanks for the education Benjamin! It's really helped me out and manage risk
👏👏👏
I absolutely loved your bitcoin dominance analysis tonight, and have been following you since 2019. I appreciate your art.