RE: #FinancialGoals2021 - Entering a new era.

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In order for the alt season to begin, money should flock from BTC to alts. Now tell me this. You really think all those institutions that are buying at the $30K+ range will suddenly gonna start dumping BTC left and right? No they won't.

You're right that the institutions buying up the BTC will not dump and invest in alts, but it's everyone else who bought BTC at any point in the last 10 years or so that will be selling some as the price continues to rise and looking for a new place to put that cash. That's where the next alt-season will come from.

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(Edited)

Let's just say that you bought BTC somewhere between $1500 - $3000, would you sell now? It's pretty obvious that people nowadays are way more informed regarding crypto and BTC specifically and all of these owners know that the more institutions jump in BTC the more it will keep swallowing every sell wall on its way to the moon.

There will always be some weak hands, that I know. The question is: Are those weak hands enough so that we enter the alt season?

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Well I didn't say I think the alt-season will start now! You said you don't think it will happen at all, but I expect it will be shortly after BTC hits its next cycle high, similar to the last time. If bitcoin hockey-sticks up well into the 6-figures as many people expect in a year or so, then at that point people will start to take profits (and there will be a LOT of profits!) and look for other places to put them.

Also I don't expect people to sell all their BTC, but if you bought at sub-$10k and it goes up to $100k, a lot of people will take a small chunk out which could translate into a lot coming into alts.

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Fingers crossed then that things will play out the very same way they did last time. That alt season...it will include HIVE, right? Just say YES :P

Jokes aside I think we have the same mindset, we just express it in a different way

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They will cash out in fiat or invest in other assets (real estate or stocks). To reward themselves being smart. They'll be rich already and don't need diversifying into altcoins.

That's my plan.

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