A lot of alts won't survive the Forks - page 2.

dcdalton

newbie

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Quote from: chocopapaya on November 06, 2017, 09:24:07 PM

There are a lot of people who think that alts are down just because of last months and this month's fork.
While there is truth to that, there is a simple explanation that is easy to overlook: You can actually use BTC.

When BTC crashes next people believe the money will flow back into alts, but this time I think some have really just leveled off or will die off completely.
The market is oversaturated with projects and companies that have a coin but have absolutely nothing to back it up.
Look at the top 100 coins at coinmarketcap, how many of those projects actually have a workable product or use for their coin?
Why would say, something like Chainlink ever go up when there is absolutely no use or product behind it?
I suppose longterm, there are prospects, but this time I'm thinking not all alts will recover like people hope they will.
The money can flow back to alts, but it will flow back to reliable projects and leave the rest behind.

Oh, by the way, btc silver fork in december...ugh...

And one more thing, what's up with so many people asking the same questions about ICOs? Whatever happened to a little forum reading or good old fashioned research?

I do agree on most of your points here. I have always looked at the company, the vision and the projects before getting into an alt coin. Too me it's like looking at stocks. Do I understand the vision? Does the company's vision have a real world purpose? Is that purpose possible to implement.

I tend to stay away from alts that either make no sense or have a 'pie in the sky' idea ... and yes I think many of those will die off. It's the nature of business, tons of ideas but only the cream of the crop actually survive.

wpalczynski

legendary

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Only the shitty ones won't survive and it might be a good thing. I personnally have trust in the coins in which I invested and am pretty sure they'll be fine.

RandomEvent

full member

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In the end it will come down to who has found an actual use case for their token or coin

sculptoris

member

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Despite those aimed at speculations, there are also a lot of people who play long term, believing in one project or another, one particular coin or another. Good coins, projects should be fine.

chimcoin

full member

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Yes! some altcoin may not survive after the fork but remember that there has been several hardforks except this month forks is going be entirely deffrent from the past bitcoin forks .however,I think this month fork may not change or affect the existence of some of these coin.

RoommateAgreement

hero member

Activity: 770

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Bazinga!

Quote from: 1L0v3 on November 07, 2017, 01:21:45 AM

Quote from: RoommateAgreement on November 07, 2017, 12:56:57 AM

this is exactly what i have been saying for years!

people think the drops are because of bitcoin rise, bitcoin fork,... but the fact is that bitcoin related stuff was only one of the reasons (the smallest reason) for the altcoin dumps. the reality is that bitcoin stuff was mostly like the catalyst which hastened the inevitable dump of altcoins which were in fact in a big bubble which had to burst.
and since many still don't believe this, many of the bubbles still remain and will bust slower but it is inevitable. the dump part of the pump will always come. it is like a seesaw, you can not just go up, you have to come down at some point before you can go back up again.

Which altcoins are you speculating will dump that haven't yet?

most of them really. specially those smaller ones that have recently been pumped like Vertcoin and Potcoin which is being pumped now. as i said it is a seesaw, these coins are currently high on top and they have to come down (out of their bubbles) to recover at the bottom and build up for the next pump.

Fu.Sin

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Quote from: hisuka on November 07, 2017, 11:07:38 AM

Quote from: michellee on November 07, 2017, 10:56:08 AM

maybe it is true but as long as the dev and the team works seriously then I think the coins will be survive after the forks and the price will not getting affect or maybe it will affect by a little. i see there are many coins that is trying to survive because of the fork and they still trying to exist in the exchanges and they have a bigger community that will ready to give their support to help the coins survive. but it will back to people which doing trade in the market and the exchanges because if one coins is getting listed in the exchanges, the exchanges have a fully decision to keep the coins in their listed.

Possibly lots of alts wont survive for the reasons no development of the project. It has been left by developer thats why most alts wont survive. But still there are some alts will survive and continue to grow.

It is difficult to foresee the further behavior of coins. They are born almost every day. Do you think speculators look at the project when they buy and sell coins on the market? They look mainly at the chart. Predicting the popularity of coins is not a thankful business. As soon as the coin hits the market, it already begins to live its life, regardless of the project. Many projects remain unrealized projects, the team collected money and divided, and coins are still traded.

ahmadakbari

full member

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Soon altcoins will become more attractive for investors. But i think their choices will be major ones such as Ethereum, Litecoin, Monero, Dash, Ripple, Stratis and Waves. I don't expect all the altcoins rise in price. But it will happen to some of them.

hisuka

sr. member

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Quote from: michellee on November 07, 2017, 10:56:08 AM

maybe it is true but as long as the dev and the team works seriously then I think the coins will be survive after the forks and the price will not getting affect or maybe it will affect by a little. i see there are many coins that is trying to survive because of the fork and they still trying to exist in the exchanges and they have a bigger community that will ready to give their support to help the coins survive. but it will back to people which doing trade in the market and the exchanges because if one coins is getting listed in the exchanges, the exchanges have a fully decision to keep the coins in their listed.

Possibly lots of alts wont survive for the reasons no development of the project. It has been left by developer thats why most alts wont survive. But still there are some alts will survive and continue to grow.

tabrin

newbie

Activity: 19

Merit: 0

Quote from: cryptohunter on November 06, 2017, 09:30:59 PM

the good seasoned alts with real use cases and functioning software will rise.

the rest .... well

I agree, good season for good alts, as it should be. Useless stuff will die quick deaths.

michellee

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maybe it is true but as long as the dev and the team works seriously then I think the coins will be survive after the forks and the price will not getting affect or maybe it will affect by a little. i see there are many coins that is trying to survive because of the fork and they still trying to exist in the exchanges and they have a bigger community that will ready to give their support to help the coins survive. but it will back to people which doing trade in the market and the exchanges because if one coins is getting listed in the exchanges, the exchanges have a fully decision to keep the coins in their listed.

Tamy

member

Activity: 112

Merit: 10

Nobody knows what will happen but probably you are right that some of altcoins will not survive the forks. I believe that due to the Forks people where selling their altcoins and buying BTC, but after the fork I expect that people will sell some of their holdings in bitcoin and buy altcoins. Altcoins like ethereum and monero will probably continue to raise, while some of altcoins will not survive. The time will show what will happen. It is really interesting to read different opinion on this topic.

1L0v3

newbie

Activity: 57

Merit: 0

Quote from: RoommateAgreement on November 07, 2017, 12:56:57 AM

this is exactly what i have been saying for years!

people think the drops are because of bitcoin rise, bitcoin fork,... but the fact is that bitcoin related stuff was only one of the reasons (the smallest reason) for the altcoin dumps. the reality is that bitcoin stuff was mostly like the catalyst which hastened the inevitable dump of altcoins which were in fact in a big bubble which had to burst.
and since many still don't believe this, many of the bubbles still remain and will bust slower but it is inevitable. the dump part of the pump will always come. it is like a seesaw, you can not just go up, you have to come down at some point before you can go back up again.

Which altcoins are you speculating will dump that haven't yet?

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

this is exactly what i have been saying for years!

people think the drops are because of bitcoin rise, bitcoin fork,... but the fact is that bitcoin related stuff was only one of the reasons (the smallest reason) for the altcoin dumps. the reality is that bitcoin stuff was mostly like the catalyst which hastened the inevitable dump of altcoins which were in fact in a big bubble which had to burst.
and since many still don't believe this, many of the bubbles still remain and will bust slower but it is inevitable. the dump part of the pump will always come. it is like a seesaw, you can not just go up, you have to come down at some point before you can go back up again.

pearlmen

sr. member

Activity: 322

Merit: 250

Quote from: chocopapaya on November 06, 2017, 09:24:07 PM

There are a lot of people who think that alts are down just because of last months and this month's fork.
While there is truth to that, there is a simple explanation that is easy to overlook: You can actually use BTC.

When BTC crashes next people believe the money will flow back into alts, but this time I think some have really just leveled off or will die off completely.
The market is oversaturated with projects and companies that have a coin but have absolutely nothing to back it up.
Look at the top 100 coins at coinmarketcap, how many of those projects actually have a workable product or use for their coin?
Why would say, something like Chainlink ever go up when there is absolutely no use or product behind it?
I suppose longterm, there are prospects, but this time I'm thinking not all alts will recover like people hope they will.
The money can flow back to alts, but it will flow back to reliable projects and leave the rest behind.

Oh, by the way, btc silver fork in december...ugh...

And one more thing, what's up with so many people asking the same questions about ICOs? Whatever happened to a little forum reading or good old fashioned research?

Your argument is true because what most people who have tons of their investment in alts always pray is that btc price will crash therefore that will lead to the pump.of the alt market but what they forget is that while an outflow from alt could be traced to the inflow of btc, the same cannot be said in the case of outflow from BTC because btc is just independent on its own and can be exchanged directly to fiat.

desomnomnom

newbie

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definitely believe that alts will still survive, given that they have a great time and a working product eventually.

AiloveYouks21

sr. member

Activity: 560

Merit: 250

Quote from: trumper on November 06, 2017, 11:42:31 PM

If a coin is good, it would not die easily but if it is really good in terms of team, project, development etc. It will survive anyway. But there will be lots of coin failed for sure.

for example we can see eth as an example.

SGToken

full member

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Quote from: Acguy on November 06, 2017, 10:28:30 PM

A lot of people are hoping on alts going up after the fork.
If bitcoin crashes then alts will have to go up higher than bitcoin is falling and that is highly unlikely.
And if you look back to a year or so ago the top coins aren't even relevant anymore.

That's not true. Most of time when BTC drops, the whole market drop together.

babsjoe

full member

Activity: 490

Merit: 100

I like your perspective about the aftermaths of the bitcoin folk scheduled for November. But i would like to say this with certainty that nobody knows what will recover or not. Even bitcoin might disappear snd stop existing while another coin know or unknown might replace it. We surely do not know what will happen yet!

Murloc

full member

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Quote from: chocopapaya on November 06, 2017, 09:24:07 PM

When BTC crashes next people believe the money will flow back into alts, but this time I think some have really just leveled off or will die off completely.

I have some doubts about it. Usualy while bitcoin is having a strong dump most of alts are red together with BTC. When BTC crashes most users will just try to pick fiat.

Quote from: cryptohunter on November 06, 2017, 09:30:59 PM

the good seasoned alts with real use cases and functioning software will rise.

the rest .... well

Well, the more hyped alts (like bitcoin cash, lol) always survive. Such forks can be even good for usefull alts because it makes them less speculative.

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