Newer crypto fans might not know this, but in 2015 in the depths of the bear market there was an alt season.
Or, more specifically, after a very bearish 2014 with a few failed rallies, in 2015, while BTC was steady, there were a few times when alts generally rallied and many times when a specific alt or two went on a run.
It isn’t like every alt did well on every day, but some did very well on some days. In fact, there was rarely a boring period (despite how boring Bitcoin looked at the time in retrospect).
Here is one example, May 17 2015. Just look at how many coins on this list are over 20% of the week. Some are even up over 100%!
Simply put, while some top alts followed BTC into a long winter in 2015, many minor alts and notably XRP went on some crazy bull runs at times.
There wasn’t much of a chance for HODLers from the 2013 bubble to reclaim lost USD on their bags (especially in some of those top coins)… but for those long term thinkers who stayed around there was some great opportunities to grow their BTC and eventually ETH stacks by playing alts.
Notable coins that ran hard at the end of 2014 or in 2015 included some new coins at the time (like Bitshares and MaidSafeCoin), and a few old favorites (like Ripple).
Point being, those of us who stay around through the worst of what the current bear market has to offer could end up seeing some good times in between.
I am not saying you should count on it, I am simply saying that historically there is precedent for a year fo the alts while Bitcoin licks its wounds and recovers.
To see for yourself check out historical snapshots of 2015 Coin Market Cap.
TIP: Of course one has to be careful in crypto. A coin running hard today can turn bearish tomorrow. The alt run at the height of the crypto bubble was overly kind, it gave everyone sick gains. However, most of the time crypto isn’t like that, and it takes way more luck or skill. You won’t want to add insult to injury trying to make up lost ground and instead compounding losses gambling on alts. However, those who make smart plays now, trade sensibly, or are sitting in alts anyway may be pleasantly rewarded if we see a repeat of history in late 2018 to 2019.