Topic: Are You Still looking For New Coins When Bitcoin Dominance Hit 90% - page 5. (Read 671 times)
August 25, 2019, 01:31:40 AM
bitcoin currently dominates the crypto market while old and new altcoins don't look significant in price. I still remember when the market was bad, I dared to make a decision by buying a new coin (Gowithmi) and finally bam. unexpectedly they experienced a price increase of 20x from the price at ico. The point is you have to be confident in every decision you want to make, the market situation will definitely change. You have to be patient because new coins can sometimes be unpredictable, provided they have a strong team I think needs to be bought. New coins have given me many advantages.
August 25, 2019, 01:01:01 AM
There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.
A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.
Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%
A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.
Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%
No one knows if bitcoin dominance will last for long or not so its a shot worth taking and if any existing altcoins are going to die it will be the useless coins and tokens called shitcoins,it will be very good if it happens though,we want only the strong altcoins to remain in this crypto space
August 25, 2019, 12:36:30 AM
Right now, the total cryptocurrency market capitalization stands at $264 billion. So even 10% share would mean $26 billion, which is a considerable amount. And imagine what will happen, if the BTC exchange rates increases to $100,000 after the block reward halving next year. Then the altcoin market cap can increase to $260 billion, and that means that there will be enough room for dozens of new cryptocurrencies, provided that they have solid basics.
And remember that when ETH first conducted its ICO, the listing price was just BTC0.0005 per token ($0.311 at that time). The plan was to raise $18 million from the ICO, by giving away 60 million tokens. The ICO listing was done after most of the development was over, and even then it took a lot of effort to sell all of the tokens in offering.
Nowadays, many of the projects are going for ICO/IEO even before any development is actually started. All they have is an idea, and some timelines and plans. And many of them ask for $100 million or even more. Just compare this to what we had in 2015 during the Ether ICO.
IMO, there is nothing wrong in investing in a new project. But it should be fairly priced and the initial phase of development should be completed.
And remember that when ETH first conducted its ICO, the listing price was just BTC0.0005 per token ($0.311 at that time). The plan was to raise $18 million from the ICO, by giving away 60 million tokens. The ICO listing was done after most of the development was over, and even then it took a lot of effort to sell all of the tokens in offering.
Nowadays, many of the projects are going for ICO/IEO even before any development is actually started. All they have is an idea, and some timelines and plans. And many of them ask for $100 million or even more. Just compare this to what we had in 2015 during the Ether ICO.
IMO, there is nothing wrong in investing in a new project. But it should be fairly priced and the initial phase of development should be completed.
August 24, 2019, 08:07:50 PM
It's hard to look for a new one when you have gone to a good project that you think has all the potentials because it has everything you are looking for a new coin but end up losing your investment when it hit the market, I think I will just settle for the top coins for now, because of the present situation.
August 24, 2019, 11:48:51 PM
In this market, everything is cyclical. The hard dominance of bitcoin cannot last long. There will certainly be a period of relaxation of such dominance. In the future, I expect a gradual drop in the level of bitcoin capitalization, since other cryptocurrencies are developing faster than it and this is quite logical and logical. Therefore, it is already worth investing in promising altcoins, even though they are now little known.
August 24, 2019, 07:45:29 PM
I don't think I would be investing in ICOs/IEOs but I would consider existing coins or tokens like eth.
It should be fine as as long as I'm not going to throw in a lot of money into it. My portfolio would look like 90% bitcoin and 10% altcoins.
It should be fine as as long as I'm not going to throw in a lot of money into it. My portfolio would look like 90% bitcoin and 10% altcoins.
August 24, 2019, 07:28:32 PM
There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.
A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.
Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%
A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.
Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%
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