ALL crypto coins are "worthless" right now. Here is why.

Kambal2000

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Quote from: ?? on ??

Quote from: agentx44 on October 26, 2019, 02:21:22 PM

Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

You may consider crypto as worthless right now but as soon as their prices recovers, you would totally come crawling back to invest on it again. In my experience, I am already starting to invest on those altcoins that I can see that has a potential of being successful to prepare also for the incoming years where altcoins will be used dominantly by all of the people in the world.

This is true. Majority does this. They hate dips and want to see rise only. This is not possible. There is nothing in this world that does not go through ups and downs. People do not try to learn about the stuff and directly jump into them. With no or little knowledge, one will always stay in doubt. It is best to do some research and then say something. Volatility is the reason why bitcoin made people millionaire.

It's really the reality, majority has no real use case, no value, no volume, useless use case, poor team, no development at all. So, we cannot blame people if they are tired investing in crypto because of these useless coins and worst is that most of them are scam too. Right now, it would be best if you will just only invest in Bitcoin rather than in shitcoins.

Colt81

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Quote from: zikzag on October 26, 2019, 01:16:25 PM

Many ICOs that entered the market at the end of 2017 have already lost everything and have been thrown out of the market. Because the projects were obviously not working and not needed by the world. People invested money in them because it was possible to get profits because in 2017 everything that entered the market grew. Out of 100 ICO, only 1 will remain.

Indeed. Most ICOs that entered the market at the end of 2017 don't have any good value even they finished their project successfully, that is why most cryptocurrency are not worth it to buy. Good thing that this year of 2019 i see that cryptocurrency, especially bitcoin has a chance to raise most of their prices because a lot of people are investing their money again.

BitHodler

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Quote from: zikzag on October 26, 2019, 01:16:25 PM

People invested money in them because it was possible to get profits because in 2017 everything that entered the market grew.

It was intense.... you could throw a dart without looking and the project it landed on would make you a few hundred percent profit at the very least, which is why money went into projects like never before.

When Bitcoin was done pumping and entering a corrective phase, altcoins in early 2018 reached their peak because a lot money went from Bitcoin to altcoins just because it was so easy to make money there.

I doubt we'll ever get to witness that again unless altcoins in their entirety pump, but that's not very likely with how people rekkt themselves hard.... they rather stay away and move on because they aren't done recovering yet.

ufaiz50

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Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

Cryptocurrency can not be guessed, believing does not mean having to buy it without looking at the market, thinking more rationally in the face of the market. We will not know what will happen in the future of crypto, how much is it worth compared to now and how crypto will function. You say as if what you predicted would be true

agentx44

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Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

You may consider crypto as worthless right now but as soon as their prices recovers, you would totally come crawling back to invest on it again. In my experience, I am already starting to invest on those altcoins that I can see that has a potential of being successful to prepare also for the incoming years where altcoins will be used dominantly by all of the people in the world.

lolgato1

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The reason is because they do not have any real use case, they are simply useless. There are only few altcoins that can´t be replaced by Bitcoin or Ethereum. I am talking about all utility tokens that doesn´t make any invesment sense.

Winscosinally

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Every companies have the right to build their own token or coin and as far as the company uses the token as means of payment for their products it will surely be demanding, its total real use case, this is why i think we will have many more coins,i do not believe that 95% of altcoins are useless

zikzag

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Minter

Many ICOs that entered the market at the end of 2017 have already lost everything and have been thrown out of the market. Because the projects were obviously not working and not needed by the world. People invested money in them because it was possible to get profits because in 2017 everything that entered the market grew. Out of 100 ICO, only 1 will remain.

Joran_crypto

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Every coin in the coinmarketcap or the market is the best coin you can buy because all coins will increase although we don't know how higher the price can go. But it depends on how much money you have and make sure that before you buy any coins, you should analyze and decide to buy a cheap coin or expensive coins so you can directly buy the coins. And don't forget to not buy the coin with all in of your money because you need to have free money in your balance to prevent if there are any down for the price so you can buy more the coin.I suggest to people who want to invest in cryptocurrency to choose Altcoin that is in the top rank of coinmarketcap if you want investment and make sure the coin is safe, rather than coins that have just appeared in the cryptocurrency list.

Zdraste16

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Quote from: Red-Apple on April 05, 2019, 11:44:30 PM

the word you are looking for is "cheap" not worthless. and it is wrong. i say with absolute confidence that 95% of the altcoins are indeed worthless and should die in the coming year and most probably be replaced by other useless shitcoins.

as for your bitcoin analogy even if it is true and bitcoin rises to the "moon" it still has nothing to do with altcoins!!!

I agree that a larger percentage of altcoins will leave the cryptocurrency market. And most likely the rest will go for BTC with rising prices. As for the current futility of the Altcoins, it can be said that their behavior on the exchange gives many traders a good opportunity to earn. And useless to call them at least wrong. People who spend a lot of time analyzing market value appreciate altcoins.

GregH37

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Quote from: gudjhonson on April 11, 2019, 10:44:11 PM

Regret comes behind you, this is what happened. Indeed, we must be careful in investing, choosing a project is not as easy as we thought, almost shitcoin is useless. Shitcoin that is not able to compete will go away automatically. Nowadays we find that shitcoin is useless and really worrying.

Almost shitcoins? I think it should be all shitcoins are worthless, I see all shitcoins are scams too, most of the project developers end up abandoning the projects in the long run, leaving it to wroth their forever without making any further move.

We find shitcoins nowadays because many people are turning the crowd funding systems to child’s play, I even learnt that a student who is even yet to graduate from school, nor have an office space, successfully carried out ICO based on future plans. Future plans? How can a student who doesn’t even have office successfully do so, something must really be done to the way crowd funding through blockchain is being done nowadays.

gudjhonson

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Regret comes behind you, this is what happened. Indeed, we must be careful in investing, choosing a project is not as easy as we thought, almost shitcoin is useless. Shitcoin that is not able to compete will go away automatically. Nowadays we find that shitcoin is useless and really worrying.

kawetsriyanto

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All crypto coins?
I don't think that they are all worthless although with all the reasons that you have provided.
Well, I know that some coins are shitcoins and they may be worthless, moreover, during the bear market.
However, let's talk about some other coins that still keep struggling and recovering from the dumped price and volume.
Actually, many crypto coins have great ideas and promising value that we can put the trust for them in the future.
Analyzing their volume, token cycle, and also the involved people trust really show that some coins are worthy to have.

coin-investor

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Quote from: Red-Apple on April 05, 2019, 11:44:30 PM

the word you are looking for is "cheap" not worthless. and it is wrong. i say with absolute confidence that 95% of the altcoins are indeed worthless and should die in the coming year and most probably be replaced by other useless shitcoins.

as for your bitcoin analogy even if it is true and bitcoin rises to the "moon" it still has nothing to do with altcoins!!!

I agree with you it's not the price but it's the buy order even if those altcoins are worth 1 satoshi but no one is interested to buy those shitcoins it will be useless, so better concentrate on coins that has future, instead of buying worthless coins, let them stay worthless and don't give attention to this kind of coins.

labilaab

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TRADE WITH NEGATIVE FEES

i dont get your point. Maybe you are somehow just disappointed by how down the market is now compared to 2017. This is market man, theres always this downside in every pricehike of course coz if it always go on upwards then surely many will enter crypto and will get rich easily. Market is very unpredictable sometimes especially in crypto.And in contrary to what you said that all crypto are worthless, you are wrong.Its the demand in market that gives it intrinsic value.

ansarose1

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Although there are some of the crypto coins that has dumped its prices, not all coins are worthless because some are developing and continues to improve in such way that it can increase continuosly.

sulis sudibyo

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Volare.network

Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

come on man, it's not that simple. How long do we wait for Bitcoin to reach 100M?
when we wait there will be many things that happen like other falls. it can make you fail, and maybe you will lose everything if you think like this.

ataki

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Do not agree that they are worthless but they are cheap now on the market if we know their promising prospective. Not all the altcoins will follow BTC bull run so nothing is guaranteed.

Osarman

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Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

Yes you are very correct, that's why I said we haven't gotten to the best of what we can get from Bitcoin yet and this is the best time to acquire as many Bitcoin as we can acquire because in the nearest future we will always smile. I am a freelancer and I have learnt to save part of the money I get from crypto in crypto every time I am being paid because I have a target and I must achieve that target in order to buy my lambo in few years to come.

sana54210

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Quote from: btc4peace on April 05, 2019, 11:41:09 PM

Quite simply put, all coins are worthless right now if crypto is the future of money. I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin). Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

That is if you succeed in saving up the ones that are reasonable to stand along with Bitcoin in future, you see, the future of Bitcoin is very bright and a time will come that 1 satoshi will have so much high value, so instead of diversifying into so many altcoins that we are not sure of their future stand, why not we invest mainly in bitcoin for future sake.

Although speculations are not always right, but there has been speculation that a time will come in future when 1 satoshi will be worth $1 in future which I don’t doubt, do you know how many satoshi present holdlers have? Isn’t that enough? The only way this can be achievable is if we focus our entire crypto currency interest on Bitcoin.

Topic: ALL crypto coins are "worthless" right now. Here is why. (Read 618 times)