A lot of alts won't survive long term, just like how most start-ups fail long term, pretty much everyone accepts this. Whether it is the forks that will cause alts to crash remains to be seen. The forks being a catalyst for bitcoin to make another bullrun has meant that significant attention and more money has come into the whole eco-system.
On a longer term scale I think that is most likely a positive for alts because it will mean more people buying alt coins as a certain % of those invested in bitcoin will look to other coins for investment. Nearly everyone who first starts off in crypto starts by buying some bitcoin before getting interested in other coins.
Topic: A lot of alts won't survive the Forks - page 3. (Read 723 times)
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.
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.
Not a lot, but all of the speculators, the altcoin as a way to gain the more money in this time. As you can see many people are betting in the next jump of the altcoin. OP seems make incorrect thread about this. This seems threatened the altcoin itself. That's why all of them in competition to deliver the useful product. Some already used their own product but another still on the development. 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.
THe purpose of ico to help ico to get the more fund to develop the product. But some incompetence person just try do that to make another crap.
the good seasoned alts with real use cases and functioning software will rise.
the rest .... well
the rest .... well
I completely agree. The upcoming months will weed out the scams and weak infrastructures. One I would keep my eye on would be cybermiles. Generally those with a solid team, existing platform, and great market fit are the ones that succeed. I see a lot of potential in them.
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.
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.
the good seasoned alts with real use cases and functioning software will rise.
the rest .... well
Yup. That's how it's supposed to be the rest .... well
the good seasoned alts with real use cases and functioning software will rise.
the rest .... well
the rest .... well
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?
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?
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