Topic: A million altcoins - page 6. (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.

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.

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.

Many altcoins already dead. Look at CoinCodeCap:
https://coincodecap.com/dead-crypto-project
~1300 dead project with no activity on Github and total Market Cap ~ $700 billion.
On this market, the number of dead projects will continue to grow very rapidly. 99% will sink into oblivion, only the strongest will survive.

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas,

You have so many emotions, buddy. Everything is not so bad as you say. Although I agree that there are a lot of trash altcoins on the market right now. However, without altcoins, the crypto market and the entire crypto sphere cannot exist.

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas, and indeed when tokens are discarded the token cannot rise again.

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.

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.

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.

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

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

Unfortunately Namecoin the first Bitcoin fork losing ground because capitalists speculating on Bitcoin price. Since 2016 the number of altcoins dramatically increased in order to get a share from the cryptocurrency boom.

I strongly believe that all other altcoins except Namecoin are totally useless.

Currently there are serious problems also in the development of Namecoin QT which according to my best knowledge not allowing to register .bit domains by choosing the coins the user may wish to spend. In the other hand Electrum-NMC very buggy and would need help from developers. In the future Namecoin will eventually going to beat all other altcoins because the current situation in the field of free speech is just getting worse.  

Satoshi Nakamoto said that "..number of domains would grow with demand and the number of people using it." But we have a problem today. Some people have registered hundreds of .bit domains and they not using it at all. Need to increase the fees in my opinion and that way squatters will be forced to give up many unused names.

I do use Namecoin and I will very likely always will exchange Bitcoin to Namecoin because as I said it is the only useful altcoin which ever created.