Now that we are in the second half of the year we have our eyes set on the prize which is the peak of the altcoin season. No one has the foggiest when this will happen except sometime from now until the end of this year.
I saw this chart come through my Twitter (X) feed yesterday and it has been bugging me for some reason ever since. The chart above shows an average time line of 225 days between altcoin season peaks which does not make sense as in my book altcoin season and peaks happens once every 4 years. The last altcoin season to my knowledge was November/ December 2021 and I would not classify what is stated here as a guide to go by.
From this graph it shows that we would be experiencing our 7th altcoin season peak since December 2021 and I was wondering whether I missed something as we have been in a bear market for over 3 years and my crypto token values confirm this.
If one really wanted to they could dissect any price and correlate this with data and twist the narrative yet the price is what shows and reflects where we are in the crypto cycle. Talk about a way of making something so simple highly complicated and there is no need for this as all we have to do is wait and when the market turns which it will then we will see a possible new all time high and not before.
Above is the historical HIVE Price data for the last 4 years and from what I can see besides the occasional pump from our South Korean friends we have been in a Bear market for the entire time. A pump or two does not make a season and the difference will be only highlighted when the season gets under way.
Even Coingecko gets the HIVE chart wrong.
If we cast our minds back to January 2021 the HIVE price was $0.11c and on the 26th November 2021 HIVE hit $3.41 for a brief second which does count yet HIVE only registers at $2.61 with coingecko on this graph.
HIVE did achieve $3.41 which is the important part and shows what altcoin season can do in a very short period of time and if you are not prepared you will miss the event. Sleeping is not an option because as we know historically this all goes down in the early hours of the morning depending on where you live well in my case that is.
Patience has always been the key in crypto and in this time of the cycle patience is not required as if you are too slow it is done for the next 4 years. I stayed up and watched it happen and slept very little for 48 hours because even though I was not selling it was exciting to experience knowing all the work you had done growing your portfolios was not in vain and it was all justified.
Having graphs showing you when it could take place like the one mentioned earlier is great for maybe getting the period ie last quarter, but after that it is useless as one you need to have an idea of when or at what price you would be happy selling as at this point in time leading up to the ATH there is no real time to think. This last HIVE ATH happened between November 24th and 27th so 4 years of accumulation and patience boiled down to a 3 day event.