Are altcoins going to get the mainstream like 2017? - page 3.

JohnBitCo

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Quote from: jagaban on December 07, 2019, 07:52:11 AM

I think your friend is right. Many of the altcoins will die surely as most are not even sticking to their roadmap plans. I will advise people to focus only on projects that are working and operational or better still just invest money in the top coins Btc and ETH

In 2017, there was craze about altcoins and everyone was thinking that many altcoins will go high in value like bitcoins. but that did not happen and now everyone has realized that a lot of money is gathered in the name of altcoins and there are no real projects behind. The Altcoin season may come again but it will not be as big as the previous one when even the shitcoins gave good profits.
This time around only the best altcoins will survive and rest will die.

jagaban

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I think your friend is right. Many of the altcoins will die surely as most are not even sticking to their roadmap plans. I will advise people to focus only on projects that are working and operational or better still just invest money in the top coins Btc and ETH

andriarto

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Quote from: tsaroz on December 07, 2019, 07:02:00 AM

Quote from: LostConfidence243 on December 06, 2019, 08:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

It would not be a surprise as the new coins and tokens would replace the old ones. Blockchain and crypto are new technologies and are going in rapid development. Any coins that would lag behind on the competition would be left behind. Of the currently listed 1000s of coins, only about 100 would survive after 10 years.

I agree that fewer altcoins will survive, and so will the new altcoins, they will undergo a selection period to survive in the crypto world. therefore choosing the right altcoin will help us to get a good return. do not let the wrong choice of altcoin, because it will be rubbish, and that means you lose your money

cryp24x

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Quote from: LostConfidence243 on December 06, 2019, 08:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

For sure, there will be dying altcoins in the near future but I don't want to assume a number because there are still altcoin that will surely survive. 30 to 35 is quite a little number compared to thousands of altcoins. I think one thing you have to consider on choosing good altcoin is that, since altcoins were produced due to need and solution of a certain problem. I think we need to know if that problem was already solved and still there is a need for that altcoin.

Chuky92

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Quote from: LostConfidence243 on December 06, 2019, 08:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

I do not agree with the number your friend mentioned or discussed with you. There is no doubt, many altcoins are not even worthy to be created but saying just at most 35 of the entire cryptocurrencies will survive in the long run is not right, in my own opinion I think 85% can be justified as being worthless while the rest have a good chance of long term survival if they keep improving of course.

tsaroz

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Quote from: LostConfidence243 on December 06, 2019, 08:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

It would not be a surprise as the new coins and tokens would replace the old ones. Blockchain and crypto are new technologies and are going in rapid development. Any coins that would lag behind on the competition would be left behind. Of the currently listed 1000s of coins, only about 100 would survive after 10 years.

JCviggen

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Now it is not known which of these thousands will go into those 30-35 that will be used in the future. I think that in the next 3-4 years there will be strong competition between altcoins and only after a few years we will find out who really is a good project

DainSLane

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30-35 dying altcoins in CMC ? Ill think that's not gonna happen even do some altcoins are not listed in CMC they worth also to buy. I found out some altcoins in CMC more than you mention are still active in the market. So we cannot tell yet if they dying or not, The one altcoins be dying maybe are those altcoins that have no development.

So for me Im not agree with you that 30-35 altcoins dying not value in a future, It was only prediction Ill think.

infarterr

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Quote from: cryptoadept on December 07, 2019, 03:06:55 AM

There will be another swing of crypto popularity, that's for sure. The question is will it be hype based, as it used to be or merit-based because of achievement. My bets are on the latter, hopefully some project like Amoveo will return the crypto glory

Difficult to restore the crypto triumph as it was two years ago, because now there are so many project developers who are not serious about making projects, thus opening a gap for those who want to cheat, and that you can see now that there are so many project scams.

acdc

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I agree that most altcoins will die, because most altcoins are junk coins and it does not serve anything for real life. Perhaps 90% of the current altcoins will disappear in the future, but there will also be many new altcoins appearing, this cycle will occur continuously.
In my opinion the criteria to choose an altcoin is that altcoin's technology really serves a certain need of the market or life. I appreciate the underlying coins, besides the coins of the exchanges that are well worth the investment.

BuNga_cute

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We already know that the condition of altcoins is very critical now, because a prolonged bearish market makes the price of altcoins
increasingly destroyed. Indeed it is true that thousands of altcoins that have circulated in various exchanges, but only about 10% of
altcoins can be useable. This is indeed a terrible fact, but we still have to be optimistic even though the market conditions are as bad
as anything. In my opinion there is still hope altcoins going to get the mainstream like 2017, is likely to happen in 2020. Because many
crypto events can trigger price increases for altcoins in 2020.

jazmuzika217

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There is a big possibilities that 75%-80% of those altcoin will die even they are already listed to the chart. All we know that what happened last 2017 has a big possibility that will happen in 2020. But it is hard to based on prediction so make sure that you will choose the right coin that you invest to make sure that you are far from loss.

memed97

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Quote from: KillerInk on December 07, 2019, 03:10:20 AM

altcoins will be hard to get to the mainstream like 2017. Thousands of altcoins are listed on CMC but only 30 to 35 altcoins can be used in the blockchain industry in the future.

How do you predict that only 30 to 35 altcoins can be used in the blockchain industry in the future? Have you researched the 35 altcoins that have been registered in the CMC? if you have, try to explain here.

KillerInk

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altcoins will be hard to get to the mainstream like 2017. Thousands of altcoins are listed on CMC but only 30 to 35 altcoins can be used in the blockchain industry in the future.

cryptoadept

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There will be another swing of crypto popularity, that's for sure. The question is will it be hype based, as it used to be or merit-based because of achievement. My bets are on the latter, hopefully some project like Amoveo will return the crypto glory

arwin100

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Quote from: FLoving on December 07, 2019, 02:05:08 AM

Quote from: KnightElite on December 06, 2019, 09:11:25 PM

There is a small possibility that it will happen again. On the year 2017, we so many altcoins beat their previous ATH and we also so many parabolic moves. When this event happening, the term "to the moon" was created. That's why today there are still many hodlers that have a lot of patience increase their money in terms of hodling.

I think you are not much sure that again altcoins will go mainstream like 2017 but it is not right because after 2013 when bitcoin started to drop people were not sure that it will rise again but it started to gain value when the halving time came near also supporting all other coins now as bitcoin is not alone and there are all coins which are moving the same as bitcoin so in this halving again we will see all cryptocurrencies gaining a highest value.

Apparently you cannot blame him to think that since apparently we actually suffers from huge bear season and might those could kill the expectation of anyone who's keep looking for the price to grow but hopefully we can see a great lift up when halving came since for sure this is the most awaited time for people to see if we can experience the great rally the same on what happen on 2017.

sehoon

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Your friend might not be exactly right. But it is true that there are not going to be a lot of altcoins that are going to perform in the future. So if you want to invest in them, be careful what altcoin you choose. Or sometimes, it's just you're really unlucky even though the coin/project looks promising.

FLoving

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Quote from: KnightElite on December 06, 2019, 09:11:25 PM

There is a small possibility that it will happen again. On the year 2017, we so many altcoins beat their previous ATH and we also so many parabolic moves. When this event happening, the term "to the moon" was created. That's why today there are still many hodlers that have a lot of patience increase their money in terms of hodling.

I think you are not much sure that again altcoins will go mainstream like 2017 but it is not right because after 2013 when bitcoin started to drop people were not sure that it will rise again but it started to gain value when the halving time came near also supporting all other coins now as bitcoin is not alone and there are all coins which are moving the same as bitcoin so in this halving again we will see all cryptocurrencies gaining a highest value.

gurunanakji777

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In late 2017 we have seen most of the altcoins rose in the bullish run but now I have little doubt that all altcoins will repeat the same performance again when bull run will start because in this bearish market most of the altcoins have very less trading volume or I can say dead so we can not expect a miracle again from every altcoin this time I believe high potential coins will perform well when bull run will start.

VeeTeaSee

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Quote from: LostConfidence243 on December 06, 2019, 08:23:02 AM

There are thousands of altcoins listed on CMC. We had a little bit conversation between my friends. He was saying, only 30-35 altcoins can be useable in blockchain industry in future. Rest of them will be dying for sure. What do you think? What are the points to choose of a coin that might have a bright future? Only use case is the main thing or you will add other? Thanks

well it depends .. 1 company can choose to use a coin, and its enough if they do because there are many traders who will sustain the price
there are "use cases" and there are "adoptions"
when the coin does not have a use case but some organization adopted it like Doge for example.

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