Topic: Attitude that can shape the altcoin sector positively (Read 309 times)

Listen to yourself, what makes people dump in the first place? there was a time when people like holding coins and tokens but they lose while keeping them, 99percent of the value of tokens are gone, who are to be blame? crappy projects builders of course and stop saying ETH glory days is in the past, the team are very serious and very soon eth will bring a new changes to altcoin space soon

Perhaps this works in theory. But in practice, what you're going to find is that people will generally still tend to gravitate towards projects that create the most hype, regardless of whether or not it has actual value.

People care the most about short term profits more than anything else, that's the thing.

This isn't something that can be changed simply by saying it, because greed is innate. Otherwise, the ICO bubble of 2017 would not have existed, nor should bitcoin dominance have ever fallen under 40% during that period of mass hysteria. Human psyche is what dominates the market, not necessarily rationality.

Selfishness Are You Serious? Are you seriously? Do you want to say that all investors in the market should care about each other and about the coin?

Developers should take care of the coin, the goal of investors is to make a profit from the project - and this is normal practice.

Sometimes the price of a coin does not depend on the developers, so the crypto market is arranged, but investors have nothing to do with it.

True that, bounty hunters need to get paid, they had been on the losing side already when they accepted token as their payment and after ICO as the scheduled payment.  Worst these project even delayed the payment to these bounty hunters and then accusing them of the reason of the price drop.  It is the incompetence of the project owner that lead their coins to oblivion.

It is not selfishness if you wanted to rake your profit.  Imagine you have to give first before taking profit.  If these investors are selfish then they shouldn't have invested in the first place.  Investors are greedy not selfish.  they always wanted to have a profit out of what they release or invest.  Selfish are those project owner that only thinks of themselves and primarily prioritized their gain.

The simpler way of looking at it is that so many ICOs were pure scams that it scared away investors from new alts. Then add in the SEC and it's slow motion way of going about things, and we can't even be certain which alts are securities and which aren't. I don't think most qualify as a security, but again, negative publicity doesn't help matters.

I think it has nothing to do with selfishness. Bounty hunters always dumped. They dumped in 2014, 2015, 2016 and still do it today. Just the way it is. It wasn't enough to kill good coins in the early days, and isn't the reason it kills coins today. If a new coin dies because of bounty hunters, it means it was never strong enough to begin with.

Biggest reason I think alts are where they are is simply how the market works and for lack of a better term, whale manipulation. Low cap coins will suffer most in a bear market ... happens with stocks as well. So if whales decide to crush alts down, pump up btc first, that makes sense. Only question now is if with alts so crushed, will whales chomp them up again and start pushing up alts.

We can say attitudes matter in regard to price, and to a certain extent they do. But if whales start pumping up alts out of the blue, you'll be surprised how quickly attitudes change. And it'll have nothing to do with any of the points you brought up ... price is what changes attitudes.

It warms my heart to read your positive expecttions about altcoins. As to typical weak spots, you're right. Especially publicity.

It seems to me now the whole problem is that good projects do not enter the market and out of the general recession of the market, therefore, top altcoins do not grow and new projects do not go out and push old ones, we must wait for some strong news so that the bitcoin market goes up then altcoin market will go up.

Talking about the current state of altcoin, many compare the era of 2 years ago where the heyday of altcoin. Hoping that next year will be better, that is what the crypto members want. But with so many factors or cases, crypto is getting worse, especially altcoin. Maybe our attitude is one that influences these factors.
 
You are right if our attitude is good it will have a positive impact and vice versa if our attitude is bad it will have a negative impact

If your questions are as what you wrote then how do a project sell it out to you except they advertise and you get to know if it suits you. The power if advertising is strong.

White paper and what is in it doesn't guarantee that the project would live up to what they claim no one can tell. But with the first few moves from the project you can at least check on the seriousness and passion for success 

There are many factors that make altcoins experience a very sharp decline. This decline occurred when it came in in 2018, that the Altcoin slowly declined. According to my analysis that the factors influencing the destruction of Altcoins are:

1) Scams happening everywhere, they create fake ICO projects to make money in a deceptive manner.
2) greedy in trading and people investing in panic when the situation changes.

But we also have to think positively that the crypto situation will certainly not always succeed. But will have a time of trouble.
Now new hope to enter the year 2019, that with increasing Bitcoin will have a positive impact on the altcoins.

Why would an investor care about the project when he is not a shareholder, it is only a shareholder that would care much about the product, all investor wants to know is how many percentage he would get for living his money for a particular period of time that the developer would use it, and such developer would give time frame.

In the case of cryptocurrency investment, developer don’t usually give time frame for which their investment would start yielding profit, and all they tell them is that the coin would go at any moment they make investment, so what is the fault of investors if they request for their investment even if its minutes after the product was launched. Developers are the ones that needs to be straight forward and they are the one with bad attitudes.

The main setback altcoin had is the issue of greed and lack of functionality of product. Most Altcoins are without a functioning product, ones with a product can't seem to get it working. If there was no greed in the developers, there are other coins which can be integrated as a means of payment on their platforms rather then developing their own token.

I dont think attitude was the mean reason of reshaping the altcoin sector! At first before we venture into the crypto industry we should learn first how the cryptocurrency works all do's and dont's must be observe properly the decline of altcoins is not because of attitudes but it was a pure market movement meaning the investors confidence on altcoins was declining i believe that the investors are already learned in the past experience like in 2018, thats why they are throwing out some of its altcoins portfolios like what im doing also all that you mentioned above was just part of the complicated nature of the crypto-industry.

People need to change their attitude about the whole industry and realize work is need to make money. Stop chasing the dream of getting rich over night. That time has passed. It doesn't mean there will not be other coins to rival bitcoin. There will. Look at how much profit you could have made with eth if you bought it at the launch? These projects have value and use. People need to stop supporting useless projects with no value besides being a crypto token.

Altcoins should be just like stocks. If the project is to do well and be sustainable then there needs to be a reason for it to exist. Tokens are supposed to be like owning a part in the company based on how many you own over the total amount. You don't need dividends since they are included in the tokens value and you simply sell them off slowly when needed.

I guess I would call this a norm now. I mean many projects are blaming bounty hunters for causing a massive dump of the price, And they bounty hunters pointing at the project itself. But both is in err here as everyone wanted to get that easy money right away.


I think project is very good at marketing but the problem is that they're just hiring developers that is not well known. Although resume's could be impressive, however, most developers really tend to be quite behind. Road map can be adjusted, in my opinion, that is part of development, there's no way that a certain project can hit 100% of their roadmap.

Indeed, many aspect to consider not our just attitude but also our emotions. Since we are trading 24/7 then its normal for a volatility to increase and its normal to pump and dump so nothing to scare about if you hold good altcoins or the strongest altcoins. Positive sector takes time after the dump, don’t lose the faith.

Every new project that lunches in the crypto space brings in new altcoin, which will either succeed not. If it fails, there are factors behinf the failure and if it succeeds, there are also factors behind oits succeess. A project that is well structured and that every necessary work is done on it has what it takes to succeed. Developers should always look forward to bring in something new into the crypto space and not a shit coin that will pump, dump and die.

You raised a very good point, there are many projects in this space but yet only few are really on the right track with majority going down the drain after token sale. The funny thing is, most developers are quick to shift blames but yet lacks the ability or knowledge of what they actually want to achieve other than beautiful whitepaper. So until projects start defining their existence, they will continue having issues.

You said poor Road map, the roadmap of any project is barely significant if it won't followed promptly or effectively, proper execution of the timeline of a project is the best even if the content are too little.