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.
Topic: Altcoins Need a Catalyst to push up prices - page 2. (Read 692 times)
We will see what happen after Bitcoin halving, the biggest fundament this year, but it doesn´t seem that it will help Bitcoin to get over the 10 000USD level, many Americans are now unemployed so they do not have money for investments, so I predict that the whole investment sector will crash including gold and precious metals also. 
Altcoins needs real life utilities and mass adoption. Most Altcoins are not used for anything especially platforms that don't solve any real life problem. Take for instance aside trading, what really does Altcoins do? Cryptocurrency projects do not need altcoins what they nned is to adopt the blockchain token which their project is launched on because these blockchain tokens still serve as transactions fees. For instance if I want to send out any erc-20 token, I will use ETh gas for the transaction even wallet tokens while making transactions in the app, the native token isn't used eth gas is being used for gas.
A lot of us would have wondered, why a token with good hypes, valuable products, end up with bizarre prices and ends up delisted.
I say it is because the project product was created to short live, or perhaps theres no catalyst (in terms of development) that could push up the prices in the future.
Thats why it is important to check the development programs of most altcoins before investment.
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 ?
This is what i feel about the present poor prices of most altcoins,
What do you think ?
Yup, a lot of Altcoins have been failing right from time. But, you should also ask yourself what are the reasons why altcoins are failing? First of all is the motive behind all these things - it seems like most people that come here don't even care about the projects, they are only interested in the quick and easy they are able to make from it and that's all that matters.I say it is because the project product was created to short live, or perhaps theres no catalyst (in terms of development) that could push up the prices in the future.
Thats why it is important to check the development programs of most altcoins before investment.
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 ?
This is what i feel about the present poor prices of most altcoins,
What do you think ?
None of them is ready to hold their investment there for long, once the price starts going up and they are making profit, then they start selling immediately and dumping the market. Before you know what's happening, the market has crashed and the team can't run it any longer, they have no other option than to quit. Another reason why these things happen is because there are no efforts being put in to ensure that they grow.
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.
Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all
What you mean by dubious? Pump and dump schsme has been happening eversince. Take note, even developer of known project cannot really make a good grip on those manipulators. Even though they are the one launch the project, chances that their project is being manipulated is high. Look out on Binance, ever wonder why the gains on each day is different? Of course this is due to the fact that whales pick a certain token or coin to pump and dump everyday. 
Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all
Is that not every one and all of the altcoins? None of these projects have any legal binding with securities exchange commission (SEC) and neither it cryptocurrency a regulated commodity. Problem began when bitcoin became an asset worth buying at low and selling at high and began to draw attention of a lot of idiots who were not in the position to buy it.Scammers saw this opportunity and began to develop on shitcoins to show and fool these bagholders into buy these shitcoin promising then that these coins are the future. Thats how shills came in existence.
However bearish market trends made such bad impacts and revealed the truth of these scams. But the money these people lost is lost forever, at least for now and several years from now.
Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all
I think this has happened countless times before, especially during year 2019, there is this BitAgro project that toiled with everyones emotions totally before exit scamming.
The wrong that can happen is underestimating scammers, it leaves us vulnerable and open to hacks and unguided decisions.
As regards new projects, there is still enough time and resources to dig up more history and get valuable facts before investment.
Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all
I am not sure about the catalyst. Back in 2017, there was a major catalyst (I would rather use the term "trigger"). Back then, the ICOs gave a huge boost to the altcoin sector and as a result many of the alts gave as much as 100x or 200x returns for anyone who made their investments in them. But will that repeat ever again? To be honest, I am a bit skeptical about that.
Many projects are created in order to simply raise money with the help of investors and developers of such projects do not care what will happen to the price of their token, and those projects that really want to develop will always think about the price of their token.
I believe you are also right, we have seen situations in this space where projects raise necessary funds and then walk out, exit-scamming instead of continue the project.
Likewise, there are projects who raise all funds, and then keep on postponing developments until everyone gives up.
Projects do not need to think about price of token, they need to develop a good acceptable product, and the prices will grow.
Many projects are created in order to simply raise money with the help of investors and developers of such projects do not care what will happen to the price of their token, and those projects that really want to develop will always think about the price of their token.
The catalyst that could help the price of ALtcoin is coming Bitcoin Halving but the recent COrona Virus this has rattle the market negatively, we all know that When BTC pumps, it brings along Altcoins with it. I do not know what the future holds for the Altcoins this year
Yes, there will be no better catalyst than Bitcoin! Whenever Bitcoin price goes ups, altcoin does the same too! We passed a great time in January and February months when bitcoin halving hype was incredible and people were talking only positives! But as the COVID-19 outbreak ruined everything, I don't think we can see bull run in altcoins in this year! Bitcoin price grew well in this week, 12% in a day was huge considering the recent time, but altcoins did not pump like that! So, the future won't be smooth for altcoins in this year!
Many altcoins will not rise from its graves. But many also will scam pump hard. Whales need majority of supply to make sure there will be no selling pressure at particular coin. When this happens many will fly 10-100x from the bottoms. Not sure about ath in btc terms but in usd terms i would not be surprised to see many reaching those levels. Hyperinflation due to dollar collapsing will push usd prices on certain coins mega high.
There is same cycle which need to finish and new one start.
Once capitulation happens and accumulation commence by whales which btw is very important we should see new cylce.
Btc already imo started accumulation. Bottom was at that 3.xk when bitmex was shut off. If anyone wish to check spot volume on places like bitstamp ,kraken etc and check it out. It is very clear that spot is accumulated heavy. Leveraged trading at the moment is very risky. so therefore places like bitmex etc are not that popular anymore.
Many altcoins will not rise from its graves. But many also will scam pump hard. Whales need majority of supply to make sure there will be no selling pressure at particular coin. When this happens many will fly 10-100x from the bottoms. Not sure about ath in btc terms but in usd terms i would not be surprised to see many reaching those levels. Hyperinflation due to dollar collapsing will push usd prices on certain coins mega high.
Once capitulation happens and accumulation commence by whales which btw is very important we should see new cylce.
Btc already imo started accumulation. Bottom was at that 3.xk when bitmex was shut off. If anyone wish to check spot volume on places like bitstamp ,kraken etc and check it out. It is very clear that spot is accumulated heavy. Leveraged trading at the moment is very risky. so therefore places like bitmex etc are not that popular anymore.
Many altcoins will not rise from its graves. But many also will scam pump hard. Whales need majority of supply to make sure there will be no selling pressure at particular coin. When this happens many will fly 10-100x from the bottoms. Not sure about ath in btc terms but in usd terms i would not be surprised to see many reaching those levels. Hyperinflation due to dollar collapsing will push usd prices on certain coins mega high.
I agree with you. Altcoins are not worth long-term investment because their prices can be inflated or collapsed at any time because of their low market capitalization. Also I haven't seen any potential altcoins and their ideas are only good on paper
There are altcoins that are controlled by large campaigns and that have a good price because of them. However, this price is illusory and it can be lowered at any time for various reasons. For example, the release of a new number of coins to the market (ripple), or the end of large profits from IEO on the exchange (BNB), and so on.
Many altcoins do not deserve long-term interest from investors at all. They are like paper towels-they were used once and thrown away. It is the same with altcoins, investors bought them, made money on them, sold them and no longer have interest in them. An exception can only be those altcoins whose developers have the money to constantly fluctuate their price and thus make these altcoins interesting for trading and investing.
There are now many altcoins before who listed in an reputable exchanges in high prices but now you can see that those altcoins are now considered as shit coins because of their current prices and volume which is very low. There are only few altcoins that have potential to survive in the market and those altcoins are in the spot of top 20 cryptocurrencies in terms of market capitalization and daily volume.The only coin that has a good potential is Bitcoin. All other coins exist on the promises of developers, and on the faith of investors. And altcoins with a small capitalization can very easily be inflated in price with the help of large amounts of money.
Many altcoins do not deserve long-term interest from investors at all. They are like paper towels-they were used once and thrown away. It is the same with altcoins, investors bought them, made money on them, sold them and no longer have interest in them. An exception can only be those altcoins whose developers have the money to constantly fluctuate their price and thus make these altcoins interesting for trading and investing.
There are now many altcoins before who listed in an reputable exchanges in high prices but now you can see that those altcoins are now considered as shit coins because of their current prices and volume which is very low. There are only few altcoins that have potential to survive in the market and those altcoins are in the spot of top 20 cryptocurrencies in terms of market capitalization and daily volume.The only coin that has a good potential is Bitcoin. All other coins exist on the promises of developers, and on the faith of investors. And altcoins with a small capitalization can very easily be inflated in price with the help of large amounts of money.
The catalyst that could help the price of ALtcoin is coming Bitcoin Halving but the recent COrona Virus this has rattle the market negatively, we all know that When BTC pumps, it brings along Altcoins with it. I do not know what the future holds for the Altcoins this year
Its hard to see altcoins on a better position again but I know time will come for the altcoin season. The bitcoin halving are the only hope right now, but of course there will be no easy pump after that. The virus will expire sure, and I believe the cure is coming and our lives will be back to normal, the economy of more countries will rise again. This is what i feel about the present poor prices of most altcoins,
What do you think ?
Most start-up altcoins ain't meant to last, most of them are created by the developers just to have their own shares that comes with cryptocurrency. No matter how great the proposed use case of a project seems, the hype on the paper can only take it so far. After that, the implementation and development of the project is what will pave the long term opportunity for it with an addition of strong and influential partnerships.
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