Are altcoins going to get the mainstream like 2017? - page 4.

AirdropNotifyer

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Quote from: tk808 on December 06, 2019, 12:59:19 PM

Some, as exclaimed my many others, 99% of altcoins are shitcoins with no inherent value.

Value is created by adoption, usability and the community or investors who back them. There will never be an altseason again like 2017-2018 and when it comes, only a few coins will see tremendous returns.

Deflate your hopes and dreams, come back to reality everyone.

I totally agree with your words sir, there are so many challenges facing crypto, Because of scam projects and mostly investers afraid from investing in crypto,

rmhuntley

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I think also so. And I myself chose a very potential altcoin fore such as Ethereum, BCH, LTC, BNB, XRP, XLM, BAT tokens, and others. And I also always invest in 10 top altcoins in the Coinmarketcap rankings.

LouVandetta

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 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

That might be true, the altcoins on cmc mostly are a shitcoin that we don't even know if their big volume is real or not. Sooner or later those altcoins will whitered down since we're not seeing any real developments or whatsoever from their developers. The one which will survive none other is the one that has a real use case, I think. Especially if they have a proven, well known, and useful working product. It will make them have a stable life, both in price and volume for a long time.

If we're talking about whether it will be the same just like how 2017 was, we won't know that for sure.
There is a possibility it will but on the other hand it might also not what we've excpected it to be. But I'm sure a lot of us hoping for that to happen once again.

go4crypto

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Plenty of altcoin projects have ran out of money or abandoned by its developers in the last couple of years. This is nothing surprising since majority of startup companies usually fail and only the good ones are successful.

KnightElite

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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.

Katashi

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Some coins will absolutely die in the future if there is no development or the developers run and leave the project (except Dogecoin) but setting aside the use-case of a project, I also think that in order to survive in crypto space, a project must have a strong community and continues partnership to drive demand for their coin.

barabarian1

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 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

yes I think that opinion is true only altcoin has a use case that can survive in the crypto market. if altcoin has real use then trading volume will be high and coins will last long on the crypto market and can be adopted in bulk. at the moment I also only invest in top altcoin. because investing in new altcoins has a great risk because most new altcoins cannot last long on the crypto market.

joshua123

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This is the case most probably by the projects that are worth investing. The figures is quite high I think. Some of the listed project in CMC is just happened due to trading. CMC should at least also evaluate the capacity and project capability to bring use case and not based at trading volume at all cause that's not only matter in surviving in crypto.

alani123

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I hope not. Many people got a very bad introduction to crypto thanks to ICOs. There was a lot of investment that went right down the drain when so many projects went bust. This certainly didn't help crypto on the long run.

fuer44

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I hope so, because it's been 2 years has not experienced a significant increase, I think it will be natural if 2020 will be the year of the rise of altcoin. we wait for what can happen in 2020.

metalglowd

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Yes, it seems like what your friend said and so does the majority of crypto enthusiasm would think like that. It is hard to see that things will return to the peak in 2017. Supporting factors for this are very weak at this time. Even pick altcoins that we think will have potential will be more harder.

tiptopgemdotcom

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In fact, the altcoins will die if this altcoin can't provide a real solution. Projects with a better future perspective will not be beaten by the market conditions and the surviving game is not required for them mentioned altcoins. I expect a bloodbath for the next month due to the hardness of bear market.

TRONTON

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Quote from: bitvalak on December 06, 2019, 04:16:21 PM

There should be more than 200 coins that will die in the future. Because most just make concepts without running them, nothing can really be applied to real life.
Maybe only a few percent of all altcoins can really be used, the rest is just speculation.

And another thing, the concept of one coin to another is almost certainly similar because yes they are trying to make a shortcut by copying an existing project.

Coins that have been dumped to the bottom and have a dead volume will not return, if they go up then they have to start the marketing concept again, or provide funds as an intermediary, IEO etc., or speculation only runs very short. The majority will become stone pebbles in the Desert and people are more happy with new quality coins and coins that are able to survive.

Projects that look copying, but there is always something that has more value. For example, we are talking about coins that focus on logistics, similar transaction systems, but applications, marketing areas, and supporting partners are different. Their ability to increase traffic and volume will also determine whether it will end successfully or not.

Hardcore-coin

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 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 - a lot of altcoins will die. But there is a lot of talking on forum now about returning of altcoin green season. Let see..

tenakha

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 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

The idea that the useful ones will survive is true, but we can not know that as a number. Maybe 1, maybe 100. It depends on what kind of payment system these governments will adopt in the future. Look at the money we use today, for example, in the US the USD is enough to make every payment. Or governments will give us freedom and we will encounter all kinds of coins. lol

bitvalak

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There should be more than 200 coins that will die in the future. Because most just make concepts without running them, nothing can really be applied to real life.
Maybe only a few percent of all altcoins can really be used, the rest is just speculation.

And another thing, the concept of one coin to another is almost certainly similar because yes they are trying to make a shortcut by copying an existing project.

Pearls Before Swine

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 AM

He was saying, only 30-35 altcoins can be useable in blockchain industry in future.

Your friend is probably only partially right. I agree that most altcoins are destined for zero in the next few years, but I disagree with his estimate. There will *probably* only be 10-15 coins and maybe fewer that will ever achieve anything useful. Eth is one of them, and as for the rest that's anyone's guess. A lot depends on how active the devs are, how strong the community is, and other factors.

Bitcoin has definitely gone mainstream, and usually if I hear about any alts in the news it's Eth. I'm not sure any other ones get any news coverage and don't know if that will change or not. Personally I hope it does, because there are a few coins that have a high market cap and which have held their value thru the 2017-present crypto recession. They deserve some recognition in the media, but media coverage of crypto is still an emerging phenomenon.

gensol

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2017 rally won't take effect again except there's something outside what has happened or existing to move prices up. You and your friends are right only few tokens will be relevant in time to come.

enhu

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There are coins certainly meant for certain community alone, BNB is just for traders in binance before they created the DEX. Today BNB are still used by traders and also for the teams who wants their token listed on the DEX. BNB is just an example but some other coins also works for other community. The staking community are also having their own coins to. Having a god community for a coin is one point you look for so it won't be dead, why do you think LTC didn't die when it got no use if it weren't adopted by the gambling sites.

aemma

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Quote from: LostConfidence243 on December 06, 2019, 09:23:02 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

He said the truth although I might not say only 30-35 will be useable but one thing is sure, many altcoins (more than 90%) won't be useable and thus will die off. Yes, use case is the main thing but not the type or the one the team keeps writing about but rather the one we are seeing it's usage in different ways in the real world. Sadly, only few projects are currently offering this with a huge number just joking around. Lastly let this be a call for seriousness wherein we don't invest in a shit project.

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