Topic: Altcoiners, don't give up yet. Bitcoin can't do it alone. - page 3. (Read 1066 times)
The scarcity of Bitcoin along with potentially high fees may make it not practical for every day use. Not only this, but other altcoins have specific utilities that make them better for a particular use. Ethereum for smart contracts or Monero for security, etc.
you could say we should be together. but actually between one coin and another that in my opinion there is no definite connection. for example when bitcoin falls then altcoin also falls, that is an upheaval, in my opinion it's wrong. because when we see bitcoin go up, altcoin doesn't necessarily go up. this is only a matter of demand in the market, namely bitcoin as the coin with the highest demand thus affecting everything.
the current market has not gone up overall, but at least it has begun to stabilize. if bitcoin can't do it, altcoin can indeed be the top in the market. when the demand for altcoin increases and then the price goes up, it will be a positive thing in the crypto market, regardless later bitcoin will rise or not because bitcoin or altcoin has its own market cap, not simultaneously.
the current market has not gone up overall, but at least it has begun to stabilize. if bitcoin can't do it, altcoin can indeed be the top in the market. when the demand for altcoin increases and then the price goes up, it will be a positive thing in the crypto market, regardless later bitcoin will rise or not because bitcoin or altcoin has its own market cap, not simultaneously.
Altcoins are creating more awareness, for example as big as bitwings project is in colombia today many people are starting to know what crypto is all about because of bitwings from wingsmobile, the fact is bitcoin can't really do it alone
You made a huge point here. we all can't depend on bitcoin because it is limited and the purpose out there are countless and diverse. altcoins are needed to assist the evolution of the blockchain technology. before you dump that token of yours, think twice. i have dumped some of my tokens before and i watch them skyrocked. i am not dumping again this time.
I expect the best from altcoins by 2021 and if things still go same ways i might give up but all my mind is on halving next year, i believe altcoin will bring the biggest profit, altcoin will always be around for years and its advisable to invest in solid projects
No chance that BTC will survive alone on this market, but actually BTC is doing much better than all other altcoins combined. Just look at the market, while BTC is flying altcoins are struggling to add even several percents.
Without altcoins in the world of cryptocurrency, it would already be boring. A variety of functions is provided precisely by altcoins. Moreover, tokens provide cryptocurrency narrow practical application. Today, I think that both bitcoin and altcoins could already exist independently.
Altcoins are currently experiencing a very bad period of sharp decline in their price, however, in any case, this is all temporary. For altcoins, the growth time will still be many times.
Altcoins are currently experiencing a very bad period of sharp decline in their price, however, in any case, this is all temporary. For altcoins, the growth time will still be many times.
CryptopreneurBrainboss, I've seen your posts all around the forum and I respect you and know you're a smart guy. I also respect the question you're asking, which is a valid one.
I have to disagree with you, however. Bitcoin could carry on just fine if the entire array of altcoins went to zero tomorrow. In fact it would be a huge boon to bitcoin if that happened, because all the money tied up in alts would be funneled to bitcoin. This isn't going to happen of course.
OTOH I do believe there is a need for altcoins and it is a good thing indeed that many of them are attempting to improve upon bitcoin, because that's how things progress. Altcoin traders are fickle, just like you described, but this is why most of them probably lose money. They pile in when prices are going up and then lose all interest when prices are decreasing or are flat. But times like now are when they should be buying. Altcoins aren't dead at all, and the market has been thru periods like this in the past. It may take a while, but they'll be on fire again.
I have to disagree with you, however. Bitcoin could carry on just fine if the entire array of altcoins went to zero tomorrow. In fact it would be a huge boon to bitcoin if that happened, because all the money tied up in alts would be funneled to bitcoin. This isn't going to happen of course.
OTOH I do believe there is a need for altcoins and it is a good thing indeed that many of them are attempting to improve upon bitcoin, because that's how things progress. Altcoin traders are fickle, just like you described, but this is why most of them probably lose money. They pile in when prices are going up and then lose all interest when prices are decreasing or are flat. But times like now are when they should be buying. Altcoins aren't dead at all, and the market has been thru periods like this in the past. It may take a while, but they'll be on fire again.
yes I agree with you because ALT also plays a role in the industry, and ALT also has more sophisticated technology than BTC, but yes BTC is the king because it is the first crypto, of course not all ALTs because some of them are shitcoin, BTC will always at the top but ALT has an important role in it.
It's about time the altcoins season will come too. the cryptocurrency market has two seasons which are bitcoin season and altcoin season. It appears to be a bitcoin season at the moment and very soon the altcoins will follow too. I believe now is an opportunity to buy more altcoins to make profits in the future.
It is not as simple as you make it out to be, just because a bitcoin recovery happened during the last months this does not somehow mean that an altcoins season will follow, the performance of many of the top altcoins has been very weak and when you think about this it makes perfect sense, many investors lost a vast amount of money by investing in altcoins and they do not want to go through this again.So most of the old and new investors have decided to only invest in bitcoin and while I have no doubts that an altcoins season will eventually come I do not find possible this will take place anytime soon.
It's about time the altcoins season will come too. the cryptocurrency market has two seasons which are bitcoin season and altcoin season. It appears to be a bitcoin season at the moment and very soon the altcoins will follow too. I believe now is an opportunity to buy more altcoins to make profits in the future.
Altcoins and all new projects are the cryptocurrency market, and if there are no new projects, then there will be no crypto market either.
It is a fact that Bitcoin started the crypto industry but because of altcoins more people has involve in this kind of industry as they attract more investors with their different kind of creative ideas for the project, the hype of altscoins give some impact on the status of Bitcoin today.
That's quite true many crypto enthusiasts left hope due to the long bearish trend of the market. Weak investors or holder is mostly out of the market. Altcoins and bitcoin both are important for the crypto market and for trading we need altcoins as well with bitcoin but I hope when market will improve old investors or holders will also take interest in this market again.
the market is cyclical and after the fall phase, the growth phase begins. if there are still people who don’t understand this, it’s better for them to just leave this market 
That's quite true many crypto enthusiasts left hope due to the long bearish trend of the market. Weak investors or holder is mostly out of the market. Altcoins and bitcoin both are important for the crypto market and for trading we need altcoins as well with bitcoin but I hope when market will improve old investors or holders will also take interest in this market again.
I think that everything will be alright with altcoins. At the beginning of the year, we watched how Bitcoin was pumped. Now there will be a phase when altcoins will be pumped. Therefore, I am now investing in promising new altkits. For example, as in the new YUSRA GLOBAL coin (https://yusra.global) with a POS-mine. Now mining in this YUSRA coin has just started and you can earn up to 30% per month only from POS mining. It seems to me that this is real and promising!
If bitcoin is the only crypto currency then surely it will never become usable in reality and also can't be imagined by any middle class human being so that altcoins presence is must for the bitcoin's future.But the only issue is scam projects who keep coming with new names everyday to steal money from the investors.
Investors need to educate themselves to get this issues done or else the scammers will stay here with the shit coin projects.
Bitcoin is the cryptocurrency most popular and famous currency and there is also an altcoin who are balancing the threshold of the crypto market. Bitcoin and altcoins are almost the same because they are depending each other. Investors need to educate themselves to get this issues done or else the scammers will stay here with the shit coin projects.
Altcoins nowadays become more less importance because of having so many shit and trash coins producing by the poor organizational planning of the projects, that's why it is the reason why they are becoming volatile. But don't be afraid to those altcoiners who are still holding those altcoins because the time will come that altcoin will stand up again.
Actually, there is a chance Bitcoin dominance rate will reach 90%+ and the most altcoins capitalizations will drop significantly, but it is rather unlikely scenario, so if you believe in altcoins from your portfolio, it is okay to hold them.
bitcoin dominance increasing doesn't necessarily mean that the capitalizations of these altcoins will drop significantly. If BTC capitalization is peaking and the price is rising so high the dominance will automatically adjust and increase meanwhile the altcoins will stay the same if not is affected by the bullish aswell.The scenario itself is not highly unlikely, kinda hard to happen in the real life but there's still plenty of chances. If BTC could build up the hype like it was back then it could possible the dominance of BTC to increase until 90%.
However, the most possible scenario is if the altcoins losing the capitalization as you said therefore automatically making bitcoin dominance even higher.
Altcoins are our future and our profit-makers in fact. It is obvious that BTC moves are effective in prices of alts but alts give us the most profit by moving up and down. When they are so volatile, we can get good amounts of money. We just have to follow the market closely and pick the best time to enter and sell that asses.
Altcoins will not disappear, it’s a fact, because you by yourself can see how many top altcoins work with big companies that need altcoin technologies such as ethereum, ripple and it is worth noting that there are a lot of such companies and there are more and more such companies constantly, so the top altcoins will have a good future, but the new altcoins that appear every day in the cryptocurrency sphere will experience enormous difficulties and many of them will disappear after some time,
To me this is not about old altcoins versus new altcoins, this is about whether or not a coin brings something of value to the community, if a coin is a copy of other projects or it is just a derivative project without any merit then that coin is going to fail regardless of how much time it has been on the market, the coins that will survive the current market conditions are those that have active developers that are actually trying to do something new in the market.Even if the coin is not as good as the developers thought it would be at least that will give us an answer to the question of how we can improve the market of cryptocurrencies, it will tell to us that is not the way and that is as important as knowing which is the correct way to implement a cryptocurrency.
How many altcoins do you see in coinmarketcap ? Only around 2900. Now consider if every business / project has its own coin, there are still very less altcoins available in the world right now.
In real life, we see many people doing the same business, so why can't two different coins be working on the same project prototype ?
I am not against having several coins performing the same function but when you see many coins trying to do the same and their approach is no different from each other then what is the point? Most coins are copies of the top coins in the market and are trying to sell the idea that somehow they are better when they are only disguising the fact that the developers behind those coins could not figure out how to create a better coin.
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