Topic: Cryptos are overvalued: This market is correcting that! (Read 234 times)
Yes, so many ALT coin and that is also the result of the new project that appears so that ALT coin has value and market share in hopes of returning their investment and benefiting from the emergence of ALT coin.
Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!
That's why alt coins are so called pump-and-dump schemes because most of them are overvalued because pumpers are pouring hard cash with the intention to dump it as soon as they have made a lot of profits. So its right in front of our eyes, but if you still fall for it, then that's where the problem arises. So its really up to us, who should think very hard whether to invest on this shitcoins otherwise you might end up loosing big chunks of money here.
Does not make sense if you talk worthless but have a market billions dollar. This is not manipulate but this is your false who don't understand the concept of cryptocurrency who have decentralized system. Cryptocurrency turn over high and low a market to supply and demand, if the market have a high market it mean that market have a lot of demand and otherwise.
The problem is even the ones with good features are being hit by this correction that you are talkign about.
I have seen great ones.
Aion, Qtum, PundiX, all of these have good products and features and yet they are undervalued.
I dont think that is a correction but more of a foolish investing strategy of people.
Not knowing there are great projects and yet they just go with the hyped ones that are being told by popular people.
So much for being a fanatic only.
I have seen great ones.
Aion, Qtum, PundiX, all of these have good products and features and yet they are undervalued.
I dont think that is a correction but more of a foolish investing strategy of people.
Not knowing there are great projects and yet they just go with the hyped ones that are being told by popular people.
So much for being a fanatic only.
it is true that many new altcoins are emerging and have great value in the market, and this does not rule out the likelihood of many people interested in investing the money there, but we must be observant in assessing altcoins that have the potential to benefit from the funds invested. therefore we must see how valuable the altcoin is and the whitepaper of the company must be clear.
the market has different values it recons with. the fact that events and occurrences take place in the business world, it will always have effects in the market, whether it be positive or negative but in all just be positive and not to consider the price of coins being overvalued
If it's worthless then you wont see the high transaction, and you can't determine the undervalue or overvalue, because ita decentralised, the only one that make it got value is the demand and supply, and as long as people can make profit they will keep on investing in crypto, the market now is slowly healing due to the last hype, so hopefully we are entering the more stable zone
The market now is going down not because people are getting rid of their altcoins but because big league coins like btc and eth are going down and this is getting down the entire market!!
In recent times there are many countries are accepting bitcoin for this reason those countries peoples are investing on this market. If these peoples are doing trade then automatically market price will raise.
For some reason all useless coins have had some purpose for the crypto, perhaps some may emerge from the ashes or even disappear at once. However, in relation to the issue, the market correction is not derived from unprofitable currencies, but from the fundamentalist moment of the market. So with a slight fall some media use this moment to reach the masses without information, influencing the sale in excess.
This overpriced alts has no grpwth and they are stucked to a point. Don't invest in such coins. Rather choose the coins which has growth and seems to be promising.
What is now happening on the market can hardly be called a simple price correction. Correction of prices, it is ultimately the same ratio of supply and demand. And these concepts can be manipulated, which, apparently, is happening now. If we consider the crypto currency from the point of view of its possible revaluation, then we can say that bitcoin is overrated above all. But cheap coins and tokens continue to fall in price.
Yes, you are right there are some over valued coins. For this we need to choose the alts carefully.Else we may incur heavy loss.
Well its good that crypto overhauled the system so that it easy for the user and investor. Better if they will have system that will automatically block scam crypto or the dummy one.
This could be possible but in the market of crypto currency the price is set on the basis of the demand of the coins in the market. But I cannot say anything about the altcoins as there are both new and old coins together with good and scam coins. I will be in favor of the bitcoin as I have belief on this. I think bitcoin is not overvalued.
This is possible since the price fluctuates a lot in the world of crypto currencies. but this should not be something we need to worry much about it. If we know what we are doing, then it will not hamper our investments since it’s the demand that matters
Most cryptocurrencies do not withstand competition. In the future they will cease to exist. I think that there will be a little more than a hundred cryptocurrency. It will be very good for the industry.
Many ALTs are worthless but have million dollar and billion dollar market caps!
You know what they have value? there's no one who's willing to buy those tokens so their value has been stuck with the holders.Exactly! The bag hodlers keep hodling with the hope that the price of the coin/token they bought at ICO skyrockets. Unfortunately, what they bought and are keenly holding is the hope in price surge not a coin/token that actually has good features to offer.
True but many of those coins are still being developed. Price correction is expected after every astronomical growth
Percent of 90 coins from the common market is useless, though have high capitalization. And all why? Yes because owners of these projects invest huge money in the coins to show to users prospects of projects and what money in them is poured. But sooner or later such projects are eliminated because of the uselessness.
In my point of view, you are right. Now a days, cryptos are overvalued. Even in some cases they are undervalued as well. I believe that crypto industry is still in the developing mood. It will take time to be stable at their reasonable price. Thus the market would be corrected.
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