Topic: Attitude that can shape the altcoin sector positively - page 2. (Read 320 times)

There is not altcoins. There are coins that some have something in common. That is all. Term altcoin is made from point of view to diverse other coins from Bitcoin. That is all. Those coins are very different. Many coins are way more similar to Bitcoin that most of other coins. 

Perhaps the main reason is that really interesting and promising projects have a negligible percentage?

There was a decline in the investments made in altcoins because the money they were receiving was not justified, billions of dollars were invested and not much came out of them so now most of that money is returning to bitcoin where it rightfully belongs. And about your first point I do not know what you are expecting out of investors, they are not a charity, if they invest their money in a coin is because they want to get more money in the future, they do care about the coin and how it performs since that affects them financially but you cannot expect to keep supporting a coin that is showing signals that it may fail.

For sure there are many altcoin projects out there that will have a profound effect on crypto space regardless of many shitcoins that has  shaken the industry. Nevertheless, it is worth noting that we are still at a very early period in crypto evolution and yes, innovative altcoins will definitely play key roles in this ongoing blockchain revolution though I must admit that we should have the right direction and attitude to achieve our visions.

the creations aren't good. it has nothing to do with attitude of others, you can't expect people in the market (anybody apart from developers) to have faith in something that has no usages and no reason to even exist.
if we want to solve any problem then we have to start from the source. meaning to start from the creation step when these developers every day come up with new copycat coins with nothing new to offer.

You are right, our attitude strongly affects altcoins, however, this is only one of the factors. Also, the egoism of investors is absolutely normal. Everyone wants to make money, not work for others. The combination of many factors affects the sphere of altcoins, and not just our attitude.

Yes, that's why alts easily become shitcoin in a short time. In our crypto market, the attitude of the founders is really bad and when they collect enough money from investors, they do not pay any attention to the opinions of investors.
For projects, I think we need an organization to observe and manage to enforce the law.

no it is not and it has never been!
price-wise, it does not have the highest price.
pump-size-wise there have been a lot of other altcoins that had a much bigger pump
utility-wise it is at the bottom of the list

the only lists that have ETH on top are "market cap", "centralization", "size of premine", "number of bugs", "lack of immutability" and "number of exploits in the protocol".

that has always been the case. but for a short time the ICO hype made ETH get pumped a lot and now that ICO hype is dying and is almost dead so is ETH price...

you are confusing "pumps" with the real deal.
pumps don't matter and it doesn't make the "sector promising". it just shows a short term flow of money from gamblers into the market who wish to win more money. that's all.

the only problem i see is lack of good projects that do anything meaningful. so far most projects including ETH that you mentioned here are created with only one purpose: to be traded on exchanges and generate profit for certain people only.

One of the problems we have with altcoins is that, most of their developers at too fund focused. Yes, we know that without money, the product might not be achievable, but aside that, some of these developers asks for exorbitant, which most times are not feasible and even if they are and such is achieved, they collect the funds and disappear into the thin air without doing any things or that they just fold their arms without showing any form of concern towards further development, because they have got what they wanted.

I think the altitude is to avoid frauding people in icos. It is better not to start something than starting and getting people's trust and fail them later. This is one major reason that bitcoin is still topping the altcoins.

Poor devs and way to similar projects. You see so many similar project these or even exact copy there by just creating unnecessary diversification Those things plus poor performances affect how coins survive the market 

Recently there has been a new trend among tokens based projects which are closing down without clear explanations and reason or prior notice, this perhaps indicates the loss of interest in their own projects from the team and those too afyer raising decent funds in the ico, i think such projects should also be investigated. Some projects that have announced closure and liquidity have proven to be profitable for investors in fiat terms like taas, some are closing down without clear reasons like rialto trade and foxtrading both projects were aimed at auto trading and profits generation for investors which was not case to be unfortunately. Like wise there are many many more projects like these who have either announced closure or are just dead because no activity or announcements from teams.

No investor will invest in a project they don't trust and no investor wants to loose money, the reason they sell off the coin is because they don't believe in the project again. No bounty hunter also wants to work for free so when they notice that the price of the coin is about to decline they also dump the coin to avoid losses.

It's the duty of the project managers to have strategies in place to keep the coin from declining in price.

Well everything except Bitcoin is an altcoin, so obviously there are more altcoins than 1.

The fact is most altcoin developers have no idea about the technical challenges that lay ahead for their project. Few have extensive development experience to tackle said challenges, instead relying on outsourced help, unqualified smart contract devs etc to try to botch a solution.

We need projects founded by developers with project experience, that way we know we'll get something substantial.

Unfortunately, 99% of projects don't even meet this simple criteria, hence the high failure rate.

For me the most important questions are: Why your coin deserves my money? and Which problem your coin will solve?

These two are the main problem in altcoin sector, the problem is not investors, advertising etc, there are tons of coins whithout any reason to exist, it's just a whitepaper and nothing more

You have laid some valuable points, to be honest. However, all investors are selfish and they all have that in common regardless of whether they are investing in crypto or not.

Bounty hunters dumping coin price is always going to happen as no worker deserves to do a job without getting paid for it.

It is the strength of the project that will determine the coin value in the end as bounty hunters only constitute a tiny fraction of the coin holders

Cryptocurrency will rely heavily on the efforts of project developers. Investors can hold coins for several years after the token sale but it will all count for nothing if there is no further development of their blockchain platforms over the years.

The altcoin sector is by far the biggest in terms of numbers of coin in the cryptocurrency market. Ethereum is the most valuable altcoin but it's like the glory day of ethereum is in the past now. Investors are by passing the opportunity to invest in altcoin in preference to the number one coin bitcoin.

Why is there a sharp decline in the altcoin sector? This question keeps coming up in the head of cryptocurrency followers, like two years ago altcoin was a very promising sector which everyone expected more form but fast forward two years on the case seems to be negative.
my answer to the question is attitude yes our attitude can impact either negative way or the opposite.

  What are this attitude we have exhibited that has negatively impacted on altcoin.
1. Selfishness. Most investors are selfish they only care about what they can make but don't give a damn what happens to the coin it self, bounty hunters to have a role to play to they are snappy to dispose of the coin and this sure will decline the price
2. Poor publicity on the part of the developers. Altcoin can very much get into the cryptocurrency market with out being known developers should focus more time into spreading awareness about there project.
3. Poor road map. Developers should not create an unrealistic road map that they know can't be achieved cut your coat according to your size. Be truthful and real to the project.