Alt Market 20k Pump/Dump. by edicted

View this thread on steempeak.com
prediction · @edicted ·
$6.23
Alt Market 20k Pump/Dump.
<center>![altcoin-to-the-moon.jpg](https://ipfs.busy.org/ipfs/QmeBQSae3XazUnRoSQPPserZAL71uQoFdVTCbHqBRk2yjW)
</center>

'Everyone' thinks that we can't get another full bull run before Bitcoin hits 20k.  I think this is a bit ridiculous, but at this point...

### Perception is Reality. 
When bitcoin gets back into the 13k+ range we should be playing very close attention to the rest of the market.  If the market does what it did in the summer Bitcoin will go up and a few choice top coins will gain some value as well.  Coins like Steem gained practically nothing but still crashed durning the corrections. 

I don't really think this is going to happen again, but if it does, it's giving us a very big signal for free money.  

# Free money? How?
If lower market cap coins do badly during the run up to 13k, 14k, 15k, 16k, etc.  it likely points to an incoming altcoin frenzy when Bitcoin actually does reach an all time high.  I imagine such a frenzy would be incredibly swift and result in a huge correction shortly after the fact. 

### Counting on the market to be greedy. 
Bitcoin dominance is very high, and the higher it stays the more we know it can affect the rest of the market with a flick of the wrist.  For example: Bitcoin's market cap is currently 3250 times bigger than Steem.  There is a lot of money in Bitcoin that isn't going to want to exit until value gets to the 20k-60k range.  The longer that value waits to pump the rest of the market, the more volatile the market will become. 

# Conclusion
Sometimes the perception of the market becomes reality.  This new reality creates volatility, not because crypto is volatile, but because the new reality created is a false one; a shared delusion.  It disappears like a puff of smoke and the market comes crashing back to the real world. 

The idea that we won't have an altcoin bull run until bitcoin reaches all time highs is one we should take very seriously.  There could be a lot of free money on the table for us to scoop up in as little as 3 months. 

![t1.png](https://ipfs.busy.org/ipfs/QmRbmCA8gkJfi8tvrb63gxfd8rVLtkLHHevGP3LRoFmSEk)

# Conclusion <sub> conclusion </sub>
If we see a spike in the altcoin market when Bitcoin hits 20k we should anticipate a correction due to an irrational market powered by unit bias and all time high selloffs.  The last time altcoins had real money pumped into them was after Bitcoin went x20 in a year (not x3 in 3 months).  

We need to remember when Bitcoin was at this $1000 level it was already near the ATH.  Value increased  x20 <code>AFTER</code> that ATH moment before everything was fully bubbled.   By this same metric using a base value of $6000 for Bitcoin, we would expect a run up to $120,000 in order for Bitcoin to be fully bubbled and ready to pop.  Double that number if you expect it to happen a year from now.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 59 others
properties (23)
post_id80,474,795
authoredicted
permlinkalt-market-20k-pump-dump
categoryprediction
json_metadata{"community":"busy","app":"busy\/2.5.6","format":"markdown","tags":["prediction","speculation","steemleo","palnet","busy"],"users":[],"links":[],"image":["https:\/\/ipfs.busy.org\/ipfs\/QmeBQSae3XazUnRoSQPPserZAL71uQoFdVTCbHqBRk2yjW","https:\/\/ipfs.busy.org\/ipfs\/QmRbmCA8gkJfi8tvrb63gxfd8rVLtkLHHevGP3LRoFmSEk"]}
created2019-09-30 17:32:18
last_update2019-09-30 17:32:18
depth0
children9
net_rshares19,677,045,164,128
last_payout2019-10-07 17:32:18
cashout_time1969-12-31 23:59:59
total_payout_value3.302 SBD
curator_payout_value2.926 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length2,850
author_reputation171,132,830,416,177
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (123)
@imwatsi · (edited)
$0.29
Good insight. I agree: I think perception is going to play a big part in triggering an alts' correction.
👍  ,
properties (23)
post_id80,474,924
authorimwatsi
permlinkpynno6
categoryprediction
json_metadata{"app":"steemit\/0.1"}
created2019-09-30 17:38:36
last_update2019-09-30 17:41:24
depth1
children0
net_rshares1,316,615,599,888
last_payout2019-10-07 17:38:36
cashout_time1969-12-31 23:59:59
total_payout_value0.147 SBD
curator_payout_value0.146 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length104
author_reputation47,375,690,794,265
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/edicted__alt-market-20k-pump-dump.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
properties (22)
post_id80,474,991
authortts
permlinkre-alt-market-20k-pump-dump-20190930t174149
categoryprediction
json_metadata{}
created2019-09-30 17:41:51
last_update2019-09-30 17:41:51
depth1
children0
net_rshares0
last_payout2019-10-07 17:41:51
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length343
author_reputation-4,535,933,372,579
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@zekepickleman ·
$0.29
It is the delay in bitcoin adoption for commerce that has delayed the overall acceptance of crypto which is needed for alt coins to have a purpose and bigger value. 

I always like bitcoin as a store of value and a flag bearer for crypto. Just wish it didn’t hamper the adoption and usability of other better, faster, cheaper alts. 

Pretty fun to watch and play though!

Posted using [Partiko iOS](https://partiko.app/referral/zekepickleman)
👍  ,
properties (23)
post_id80,475,156
authorzekepickleman
permlinkzekepickleman-re-edicted-alt-market-20k-pump-dump-20190930t175009450z
categoryprediction
json_metadata{"app":"partiko","client":"ios"}
created2019-09-30 17:50:09
last_update2019-09-30 17:50:09
depth1
children0
net_rshares1,293,208,336,130
last_payout2019-10-07 17:50:09
cashout_time1969-12-31 23:59:59
total_payout_value0.144 SBD
curator_payout_value0.144 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length442
author_reputation64,730,820,370,103
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@lordbutterfly ·
$0.28
Its hard to predict these things when you havent experienced the full wave. 

Ive even ran into predictions relating new altcoins taking precedence over old altcoins in the next bull run. 
Steem stands alone in this regard since there is nothing like it out there atm. 
Still... 
Certainty is hard to come by. 

Ive never personally valued BTC highly and i never will. The tech value, i just dont see in BTC. 

The market is pretty stupid and its shown to be rather idiotic in evaluation of numerous tokens like TRX, BTT, BSV, ETC, VERGE, etc. 
That taking into account BTC will do its thing and the market will adjust to its state. 

When will BTC become an inferior investment to putting it into altcoins is hard to tell. 
A million usd in bitcoin cant nearly move the price as a million in Steem can move the Steem price.

Posted using [Partiko Android](https://partiko.app/referral/lordbutterfly)
👍  ,
properties (23)
post_id80,477,043
authorlordbutterfly
permlinklordbutterfly-re-edicted-alt-market-20k-pump-dump-20190930t191317961z
categoryprediction
json_metadata{"app":"partiko","client":"android"}
created2019-09-30 19:13:21
last_update2019-09-30 19:13:21
depth1
children0
net_rshares1,260,536,562,112
last_payout2019-10-07 19:13:21
cashout_time1969-12-31 23:59:59
total_payout_value0.140 SBD
curator_payout_value0.139 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length900
author_reputation104,712,854,805,089
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@gniksivart ·
$0.05
Looking at the history of the market money always flows into bitcoin, large caps, mid caps, then small and micro caps and it's a series of rising tides. Bitcoin will go up and then go back down as profits flow through the market until bitcoin is perceived to be a "value" again and then spikes back up. 

Now is just the pullback from the $3k - $14k or whatever Bitcoin spiked up to. I wouldn't be suprised, however, if we never see some alts hit their previous highs of the 2018 alt market.
👍  
properties (23)
post_id80,477,713
authorgniksivart
permlinkre-edicted-pyntne
categoryprediction
json_metadata{"tags":["prediction"],"app":"steempeak\/1.17.1"}
created2019-09-30 19:47:39
last_update2019-09-30 19:47:39
depth1
children0
net_rshares241,948,154,055
last_payout2019-10-07 19:47:39
cashout_time1969-12-31 23:59:59
total_payout_value0.024 SBD
curator_payout_value0.024 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length491
author_reputation47,133,895,361,574
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@nickgrujic ·
$0.04
man i hope your right  
you have made a lot of correct calls lately and we all second guess ourselves sometimes but i dont know what to think right now except that the market will keep going up 
how fast depends on the people 
cheers and have a great evening bud
👍  ,
properties (23)
post_id80,482,548
authornickgrujic
permlinkpyo66n
categoryprediction
json_metadata{"tags":["prediction","palnet"],"app":"palnet\/0.1"}
created2019-10-01 00:18:27
last_update2019-10-01 00:18:27
depth1
children0
net_rshares204,469,319,007
last_payout2019-10-08 00:18:27
cashout_time1969-12-31 23:59:59
total_payout_value0.020 SBD
curator_payout_value0.020 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length262
author_reputation1,751,190,261,140
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (2)
@marcusantoniu26 ·
$0.04
A lot of group psychology plays a role here. However, the ultimate principles of supply and demand are going to determine the value of cryptocurrency (bitcoin and others). I predict that the coins that are based on scarcity models will increase in value and the ones which have inflationary models will lag behind
👍  
properties (23)
post_id80,484,629
authormarcusantoniu26
permlinkpyocgg
categoryprediction
json_metadata{"app":"steemit\/0.1"}
created2019-10-01 02:33:51
last_update2019-10-01 02:33:51
depth1
children1
net_rshares200,167,653,839
last_payout2019-10-08 02:33:51
cashout_time1969-12-31 23:59:59
total_payout_value0.020 SBD
curator_payout_value0.019 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length313
author_reputation15,174,385,435,089
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@edicted · 
Personally I think that Steem's inflation is one of the best things about it.  In theory users should want to stake more coins because of all the inflation being generated by them. 

In practice I believe that our inflation is making the currency more volatile in both directions.  This is great for swing trading (x100 gains) but terrible for a stable asset that the community can count on.   I think it will be very important going forward to create a consortium of whales who attempt to buy low and sell high to keep our value at a more even keel.
properties (22)
post_id80,503,220
authoredicted
permlinkpypgl3
categoryprediction
json_metadata{"app":"steemit\/0.1"}
created2019-10-01 17:00:39
last_update2019-10-01 17:00:39
depth2
children0
net_rshares0
last_payout2019-10-08 17:00:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length550
author_reputation171,132,830,416,177
root_title"Alt Market 20k Pump/Dump."
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
@cmplxty · 
Looking forward to selling my bitcoin for good profits once it hits saturation to then spread that around into alts. Kind of an interesting game of cat and mouse. Timing is what remains to be seen.
properties (22)
post_id80,509,662
authorcmplxty
permlinkre-edicted-2019101t174339209z
categoryprediction
json_metadata{"tags":["prediction","speculation","steemleo","palnet","busy"],"app":"esteem\/2.2.2-mobile","format":"markdown+html","community":"esteem.app"}
created2019-10-01 21:43:39
last_update2019-10-01 21:43:39
depth1
children0
net_rshares0
last_payout2019-10-08 21:43:39
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length198
author_reputation14,565,766,155,244
root_title"Alt Market 20k Pump/Dump."
beneficiaries
0.
accountesteemapp
weight300
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
Help/Feedback