Topic: A million altcoins - page 4. (Read 1672 times)

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

AFAIK, most payment processors (and casinos) now accept BTC, ETH, BCH, etc. compared to BTC, they (altcoins) offer cheaper and faster transaction fees. It's undoubtedly not suitable for store of value, but can be beneficial for purchasing various goods and services over the internet (medium of exchange).

Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time.

You have a good point if view mate, you have some points though. Like many people said this industry is still young and its too early to judge. Lets give these project some time but not a decade, if the same old S*** happen then we can coursing them to death if we wanted too, but as of now consider them they’re still on experimental phase.

There were some altcoins that we can still trust just like Ethereum and some legit coins, but the benefit of it is not like the Bitcoin who can make you rich in just months or few years, altcoins price most of the time after their launching are going downtrend, so we cannot really rely on altcoins nowadays, let's just invest in short period if we really want to.

For the unprofitable altcoin, yes, they will not survive in the bear market. That altcoin will disappear as soon as the market reset so that the useless coins will delist from all exchanges. But many other altcoins can survive because the project still running and still update to reach every phase they have. If you check on the marketcap, we have a 2415 coin list currently, but only 2054 is still struggling in the bear market. Perhaps, in the next bull market will give them a chance for them to rise again, so we know which coin will have a better position.

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

With the current situation, BTC alone won't be able to handle all transactions though. Honestly, I probably use more ETH & EOS in a month than BTC. However, this situation will change dramatically if the lightning network can really work.

I think I heard something about the new Electrum release that would support LN. Definitely a game-changer if it's not buggy.

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Although i agree that Altcoin market is already crowded but still there are lot of commodities out there that needs help to be discovered and to be develop in which using Altcoin is the one way to make these things to become possible so for me Altcoins is very much needed and it will depend to investors on how they will dispose wisely their resources for their future investments

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.
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