Altcoins Need a Catalyst to push up prices

ife2020

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Quote from: kindbtc on May 09, 2020, 02:14:52 PM

Although develooments and updates do matter but i think we cannot ignore the fact that the prices were inflated or bloated during the end of 2017 and start of 2018 so a long term correction or downtrend was due but good news is that the bad times seem to be coming to an end now and expect price rises from here on steadily i expect next 2 years or so to be bullish.

Yes you are right, but likewise this year 2020, the prices have been inflated and bloated too.
Infact, prices are inflated almost all the times in the crypto currency sphere, and you can only account for the tokens you hodl that got affected.

Dyor, and do not wait for 2 years before taking profit, because profit taking shows up any time.

kindbtc

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Although develooments and updates do matter but i think we cannot ignore the fact that the prices were inflated or bloated during the end of 2017 and start of 2018 so a long term correction or downtrend was due but good news is that the bad times seem to be coming to an end now and expect price rises from here on steadily i expect next 2 years or so to be bullish.

TheICE007

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Presently because of Bitcoin dominance,many altcoins are down,this is a general problem,but if you check some altcoin that is presently backed by a fundamental news ,in in this bitcoin dorminance,you see them doing well or among top gainers,so indeed altcoins need catalyst to push them up.

ife2020

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I think most poor prices are due to slow and bearish market overall, once we are in bull trend and people are in good profit only then they will check out other projects and then the profit money will flow to the other coins that will boost their prices as well.

I do not think so, most poor prices are due to non existent use case that has no benefits at all for the crypto masses.
There are project in the crypto sphere, that has failed to have a significant price either bitcoin is bullish or not, such projects are just poor and no catalyst can boost the prices.

gundala

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Quote from: ife2020 on February 24, 2020, 02:10:09 AM

~

This is what i feel about the present poor prices of most altcoins,
What do you think ?

The lesson we can take is, good market acceptance is not obtained instantly, it takes time. The successful projects that TS mentioned also need time to become valuable and have a strong market like this. Investing, trading, joining bounties requires in-depth analysis and patience, the rest of luck also plays a role because the crypto world is full of surprises.

HunterUnchained

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I believe the only catalyst needed for any altcoin to increase in value is a use case as well as marketing and public acceptance. What you see with Binance's BNB is demand due to its overwhelming use case on the binance platform which host hundreds of thousands of traders daily. BNB can't be compared to ETH but it is still good in value due to its use case and public acceptance. Binance has penetrated the market and in so doing encouraged the use of its token for most things meaning the public has become comfortable with transacting in BNB. If other altcoins can replicate this, they will certainly do well and increase in value.

Viscore

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Quote from: ife2020 on February 24, 2020, 02:10:09 AM

If you check bnb, okb, kcs amongst others, you would see the developments acting as catalyst in different times to help prices of tokens. How many altcoins do that ?

These are exchanges coins, they are running and operating until now so they really have a real use case which people are seeing everyday.
Other project might have a development, but problem is they are not notice compare to other projects because the project is not on demand yet.

LincolnMikkel

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Lack of development is a reason. Those can't be successful just by correlating with Bitcoin trend. Also, development teams must be in a short touch with their community since it affects the altcoin price by simply making it more demanded among the people.

Pamadar

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Quote from: Kaliecious on April 28, 2020, 09:14:46 AM

in my opinion besides the development of projects that must be done and always update the bitcoin price that determines the price of altcoin.
but if investors throw away their tokens of course the price will go down and even die

If there's no interest that continue to support the project then the fate of such coin will surely be doomed, but if the team behind the project have good plans and still on its progressive approach even the current situation around the industry is not favoring the community, if there's still offers and developments then surely the project still have good potentials.

Kaliecious

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in my opinion besides the development of projects that must be done and always update the bitcoin price that determines the price of altcoin.
but if investors throw away their tokens of course the price will go down and even die

TopT3ns

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Quote from: slashz9 on April 28, 2020, 04:45:46 AM

Quote from: rosezionjohn on February 24, 2020, 08:21:34 AM

Catalyst you say? As of now, the only catalyst is bitcoin on an upward trend. Some say a bull run.

I remember back in 2018 when almost all altcoins that I follow kept on releasing some news every week or two in order to keep the price up. All those hype were not working because bitcoin was freefalling at that time. I don't think that has change until now. Now matter how fundamentally good an altcoin looks, its price will still depend on btc's movement.

for now it will indeed be difficult to experience an increase like the bull in late 2017, because what can trigger the price of all coins to rise is the increase in the price of BTC, so it will be difficult to do if the BTC is still stable.

I think when the virus outbreak is over then the price of bitcoin will be very easy to go back up because if the tone of tune for current economic conditions is also collapsed due to the influence of the virus that spreads throughout the world so when the world has recovered and the world economy has begun to return go up then the price of bitcoin will be easy to go up too.

ife2020

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Quote from: 1Kill on April 28, 2020, 05:16:13 AM

It seems to me that such a catalyst will be only the general growth of cryptocurrencies and a stable situation in all financial markets.

You are right that catalyst leada to general growth, but it can also lead to a dump.
When i say catalyst, i mean factors, events or situations that we can relate to the project that leads a demand drive for the token.

For the catalyst to really take effect, the project need good preparation, solid team, trustworthy community to push the hypes upon launch

1Kill

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It seems to me that such a catalyst will be only the general growth of cryptocurrencies and a stable situation in all financial markets.

slashz9

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Quote from: rosezionjohn on February 24, 2020, 08:21:34 AM

Catalyst you say? As of now, the only catalyst is bitcoin on an upward trend. Some say a bull run.

I remember back in 2018 when almost all altcoins that I follow kept on releasing some news every week or two in order to keep the price up. All those hype were not working because bitcoin was freefalling at that time. I don't think that has change until now. Now matter how fundamentally good an altcoin looks, its price will still depend on btc's movement.

for now it will indeed be difficult to experience an increase like the bull in late 2017, because what can trigger the price of all coins to rise is the increase in the price of BTC, so it will be difficult to do if the BTC is still stable.

semobo

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Quote from: pixie85 on April 17, 2020, 04:09:27 PM

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

Yea, the key is in bitcoin as the most powerful influence in the crypto world. The impact of the market will improve, the interest of investors and traders will get better, so this will increase trading volume.
Plus the fundamental factors, halving and adoption are increasingly widespread.

Already the price of bitcoin keep increasing which is getting reflected on altcoins too, just look at the ethereum it shown huge amount of price growth since the price got dumped due to corona pandemic so the halving will be the catalyst and make sure you bought enough coins before the price got spike up.

cahbagus555

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Quote from: pixie85 on April 17, 2020, 04:09:27 PM

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

Yea, the key is in bitcoin as the most powerful influence in the crypto world. The impact of the market will improve, the interest of investors and traders will get better, so this will increase trading volume.
Plus the fundamental factors, halving and adoption are increasingly widespread.

Bitcoin price activity affects altcoin price movements and also increases investor confidence in investing in altcoin. When the price of Bitcoin continues to rise, investors will try to speculate on altcoins that look similar or tokens with prospective projects

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Quote from: Mister.Satan on April 16, 2020, 05:45:20 AM

I don't think it's fair to compare BNB, OKB, KCS, altcoins that have strong support and daily using in exchange to other altcoins. What you do it like compare a AAA developer EA, Ubisoft to indie developer. Price is not an only factor showing how well an altcoin performed so push up prices is not like a must-do thing.

Comparisons always happen. Because the human mind is prone to taking it for granted the explanation that seems obvious but is an assumption only. Now indie projects should not be thought to be similar to altcoin projects because although the concept of altcoin project behind gaming scenes is niche but it is lacking that indie concept of development. Moreover indie projects are never meant to be mainstream while altcoin projects have wanted it but failed to do so.

Quote from: jaywizzy on April 17, 2020, 04:59:04 PM

From my own point of view the major cause of bad price of altcoin is as a result of dumping by investors and bounty hunters who are not care about how little the profit they realise.

To some extent yes. But the factor that made them sell off at loss is also to be thought of. If these projects had actually developed something useful in the first place then this situation would not have happened.

pixie85

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Quote from: adzino on April 17, 2020, 06:16:49 PM

Quote from: pixie85 on April 17, 2020, 04:09:27 PM

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

If people see the price of bitcoin rising, they would go and invest on bitcoin instead of invest on altcoins. This has happened a lot of time. When the price of bitcoin starts to increase, we can see that most of the altcoins starts to lose their price. This happens because people starts to dump their altcoins and start investing on bitcoin. As more people shift from altcoin to bitcoin, the price of altcoin starts to fall, whereas bitcoin starts to rise further upwards. Though eventually at the late phase, when bitcoin has already peaked, the prices of altcoin starts to rise too, since people tend to buy back the coins they have sold but this time in cheap.

That's fine. It happens every time. When Bitcoin starts to grow it attracts new investors to the market who at first invest in Bitcoin and when they get enough profit turn to altcoins that present a more speculative investment.

When you have enough profit already so that whatever happens you'll still have something to brag about you're more likely to take a risk and lose some money.

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Quote from: pixie85 on April 17, 2020, 04:09:27 PM

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

If people see the price of bitcoin rising, they would go and invest on bitcoin instead of invest on altcoins. This has happened a lot of time. When the price of bitcoin starts to increase, we can see that most of the altcoins starts to lose their price. This happens because people starts to dump their altcoins and start investing on bitcoin. As more people shift from altcoin to bitcoin, the price of altcoin starts to fall, whereas bitcoin starts to rise further upwards. Though eventually at the late phase, when bitcoin has already peaked, the prices of altcoin starts to rise too, since people tend to buy back the coins they have sold but this time in cheap.

jaywizzy

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From my own point of view the major cause of bad price of altcoin is as a result of dumping by investors and bounty hunters who are not care about how little the profit they realise.

Topic: Altcoins Need a Catalyst to push up prices (Read 715 times)