Is alternative cryptocurrency meeting up to it expectations

TheUltraElite

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Quote from: Jody.Drummer on June 19, 2022, 06:29:25 PM

More precisely altcoins are just really manipulated games,

Truely they are intended to make a fool of every newbie coming in the market. While people attempt to go for them for their lower than bitcoin price, they end up paying the most and ending up in the bigger loss.

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however it can't be completely generalized as a 99% scam overall as only shitcoins and NFTs are ruining the current market. The ICO has ended and as of now, bitcoin is a solid investment. If you are hoping for Ethereum 2.0 things are not going as expected.

After watching the altcoin markets for a close to 6years, I can say for certain that all altcoins are going to end up as shitcoin except the centralized ones and the stablecoins. It does not make the latter two legit or profitable though. The newly launched ones based on hype marketing are defenitely counting on the hype to run them and they are risky to get into.

If you are looking for an altcoin that turned out as intended, go for the older well known ones like LTC, ETH, DASH, XMR. Going beyond them you are more and more likely to encounter coins that have no future in real.

SirLancelot

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Quote from: Tellek Garing on June 08, 2022, 12:08:40 PM

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.
But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

I thought you are only talking about eth as an alternative currency? Eth never scammed anyone but it was the crappy altcoins are the ones that can steal the peoples' money. Nft's arent totally an altcoin but in metaverse, there might be some projects that can still be called an altcoin.

If the issue is about scalability then I think that eth as an alternative coin didn't fixed that totally since its also experiencing some problems related to it and that might be the reason why many more altcoins are being created next to eth to solve the known issues of eth and as well as on btc. People's expectations are somehow met up on some altcoin, fortunately.

TelolettOm

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Quote from: Tellek Garing on June 08, 2022, 12:08:40 PM

One of the core values of the Ethereume blockchain is to provide an alternative to the scalability problems faced in the Bitcoin network and also to provide an alternative root to actualizing that.

The name is alternative cryptocurrency, yes, this will be the alternatives. Bitcoin always becomes the main.
Here, due to the development of cryptocurrency, many projects are created, not only using Ethereum platform but also more networks right now.
We can also see new era every year coming likely meme coins, DeFi, ICO, IPO, Metaverse, NFT and many other types probably will be coming.
Some of the altcoins may meet our expectation, but many also don't, moreover worse they scam us. That is why every time we are going to invest in crypto project or crypto-related industry, we must be careful. Always analyze whatever to invest, even it is NFT, because without our won analysis, we may only follow the FOMO.

Jody.Drummer

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Quote from: wxa7115 on June 19, 2022, 03:33:55 PM

However I have never really expected anything out of altcoins and I think that 99% of them are nothing but scams, so when I look at the market I see that my expectations about them have been in fact fulfilled, but that is because I do not really expect anything out of those coins.

More precisely altcoins are just really manipulated games, however it can't be completely generalized as a 99% scam overall as only shitcoins and NFTs are ruining the current market. The ICO has ended and as of now, bitcoin is a solid investment. If you are hoping for Ethereum 2.0 things are not going as expected.

Coyster

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Quote from: Tomohisa on June 19, 2022, 01:55:49 PM

It was never meet my expectations since I'm not naive to trust all the promises of cryptocurrencies that they were the future. I stay with cryptocurrency because it can bring me profit, and bring it fast if I know what thing to do. That it, no bought in by empty promises and expectations like many in this thread.

I quite understand your position in the network, it is one of an altcoin enthusiast, and to be very fair to you it is the correct one, i for one do not believe that altcoins are long term projects, they are to be held for the short term and sold for quick profits, cause they have no utility and are only backed by fake promises. But Bitcoin is unlike them, Bitcoin has an actual utility and it is nothing like altcoins, thus if you ever should trust any coin for the long term/future, then it should be Bitcoin, cause your money is safe there.

Kelvinid

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As to know that people are coming here for "MONEY" earning some amount upon investing altcoins, not in the purpose of using this as a currency to buy stuff as it failed. In this current situation, that seems hard to provide that thing and meet our expectations. Yet, I consider this bear season as an accumulation time making ready for the upcoming halving and bullish market. And to note that not all the time investing in crypto is a fruitful one, sometimes it ends up losing especially if we got influenced by our emotions.

wxa7115

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Quote from: indo1 on June 19, 2022, 11:21:29 AM

looking at the current situation I think only ethereum is really an 'alternative' to bitcoin. Ethereum is a crypto bitcoin alternative project that has lived up to its expectations as its utility is already in line with the ethereum roadmap at the start. Apart from ethereum there isn't really a perfect alternative, but maybe in the future they really do exist.

The question of the OP is in fact relative as the expectations of each person are different, for those which believed that those coins could surpass bitcoin then without a doubt what we have seen during the last years has to be incredibly disappointing.

However I have never really expected anything out of altcoins and I think that 99% of them are nothing but scams, so when I look at the market I see that my expectations about them have been in fact fulfilled, but that is because I do not really expect anything out of those coins.

Tomohisa

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It was never meet my expectations since I'm not naive to trust all the promises of cryptocurrencies that they were the future. I stay with cryptocurrency because it can bring me profit, and bring it fast if I know what thing to do. That it, no bought in by empty promises and expectations like many in this thread.

indo1

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looking at the current situation I think only ethereum is really an 'alternative' to bitcoin. Ethereum is a crypto bitcoin alternative project that has lived up to its expectations as its utility is already in line with the ethereum roadmap at the start. Apart from ethereum there isn't really a perfect alternative, but maybe in the future they really do exist.

LUCKMCFLY

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The objective of all altcoins is to give profits to their holders, but this does not make sense at this time where the btc is with enormous uncertainty, some of the most bearish say that the BTC can fall to $8K (Which seems exaggerated to me, but that can happen) however it seems to me an extravagant prediction and the truth is that it is very difficult for it to happen, but we have to be prepared, there is a recent example that is from the LUNA coin, it is a coin that did not last long, that looked very sure with a high index that the ocsas can go very well, but from one moment to another things went wrong and suddenly those who were sleeping woke up without money, so I think that altcoins as such have not met expectations.

bhooscream

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Quote from: Tellek Garing on June 08, 2022, 12:08:40 PM

But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

The development will always be ongoing and continuously growing. We cannot stop the adoption and development. Crypto industry is now widely developing, but it doesn't mean fully changing. the concept is still related to crypto world, the blockchain technology, but combined with something more interesting, real, and also utility.
We should appreciate with this development, and this will not abandon the future of crypto industry. Hopefully with this kind of development, crypto industry will be more accepted in the world. Moreover right now, we know that the network is not only about Ethereum network. We find many more.

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Quote from: Tellek Garing on June 17, 2022, 04:30:04 PM

Quote from: Cryptomiles1 on June 16, 2022, 04:03:52 AM

NFTs can not be seen as alternatives relatives to it's scalability. Most of the project who couldn't meet their goals during the ICO period deliberately zoom off with people's funds due to improper planning and structuring.

Similar situations is at play even with the NFT as their have failed to guarantee investors funds and also have not met up with the scalability demands in the industry. Even though some of them show some level of competence but in the end will not meet up with the demands this has forced many of them to walk away.

it will gone slowly while hype disappear again , only NFT that created for play to earn games will survive. today too many artist or art creator their own NFT and investors truelly speculate on this. with no usage, and only as unique art slowly investors will realize that it could not use to earn money except by trade it.

Johnyz

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Quote from: Cryptomiles1 on June 16, 2022, 04:03:52 AM

NFTs can not be seen as alternatives relatives to it's scalability. Most of the project who couldn't meet their goals during the ICO period deliberately zoom off with people's funds due to improper planning and structuring.

Top Altcoins serve its purpose but with NFTs, I can’t see their purpose here aside from bringing the hype. Though some are still able to rise in value but as we can see, many NFTs are already dying. If you want your expectation to be meet, always go for the best choice and top coins, they can still offer good services and later on will rise again for sure.

Tellek Garing

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Quote from: Cryptomiles1 on June 16, 2022, 04:03:52 AM

NFTs can not be seen as alternatives relatives to it's scalability. Most of the project who couldn't meet their goals during the ICO period deliberately zoom off with people's funds due to improper planning and structuring.

Similar situations is at play even with the NFT as their have failed to guarantee investors funds and also have not met up with the scalability demands in the industry. Even though some of them show some level of competence but in the end will not meet up with the demands this has forced many of them to walk away.

Cryptomiles1

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NFTs can not be seen as alternatives relatives to it's scalability. Most of the project who couldn't meet their goals during the ICO period deliberately zoom off with people's funds due to improper planning and structuring.

Queenboss

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There's still a whole lot that could be accomplished with alternative cryptocurrency. The possibilities is still wide, though it would take a few more years for these to be accomplished. The cryptocurrency space is still in her infancy and alternative cryptocurrency has a lot of build up to achieve.

cryptoaddictchie

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Quote from: Tellek Garing on June 08, 2022, 12:08:40 PM

What future can we see from the alternative cryptocurrency industry?

Theres a lot of potential actually, its just that some investors find it shady when a certain project suddenly appear out of from airdrops and some hype theme. Most projects now wanted to inline with such nft thing but that isnt the only power of altcoins cause they can be a really good altetnative to handling finances and some of the traditonal industry out there like banks. The rates on crypto tend to be higher compared to them making other investors shift from traditional to defi products.

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Quote from: Tellek Garing on June 08, 2022, 12:08:40 PM

-snip-
But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project, but taking into account some new development that has performed well in both NFTs and the matter verse bringing into virtual reality making the proof of stake chain advantage to the environment and so much of what have you. What future can we see from the alternative cryptocurrency industry?

You mean some shitty altcoins/project that ends up scamming people who invest in those project to get rich real quick despite other people warning them that it is a scam project? Most of the projects where the developers walk away with investors fund has a lot of red flags which some people points it out, but yet others keep on investing in those project with the hope of getting rich overnight. All they do is gamble and encourage more such scam projects.

All coins other than bitcoin are considered altcoins. Altcoins are here to stay. There are some good altcoins/projects that actually has some good potential to offer something new. As long as they keep on trying, it's all good as they will eventually succeed. But yes, there are also lots of projects that eventually fail. As long as they had good intention, I wouldn't call them scammers.

Tellek Garing

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Quote from: Ulven on June 12, 2022, 06:11:34 PM

Bitcoin's price movement will affect the altcoin market differently. If bitcoin is going to be bullish, then the future of altcoins will also be more positive. If it's bearish, then altcoins will suffer losses too.

Yes off course Bitcoin control the entire market cryptocurrency market is a chain and most times Bitcoin market control the altcoin market but not in all cases, some coins perform independently from Bitcoin, and most time the coin dictates the direction of the price goes not Bitcoin.

But such coins are rarely in the market just a few of them and most time their low-volume altcoin, I guess if the market pick from the present conditions the entire market will follow Bitcoin recovery.

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Quote from: CuriousGeorge on June 12, 2022, 06:34:29 PM

The future actually depend on the bitcoin. This is why i called crypto was not healthy as everything peg with the bitcoin unlike the real stock and the performance of company is determining everything and people analyzed the financial report of the company.

I guess it's wrong mindset in the beginning, two different world as far as investments goes. And even if altcoin depends on bitcoin, still this is a free market, anyone just make money out of it.

Quote from: CuriousGeorge on June 12, 2022, 06:34:29 PM

Crypto has no thing like that and all pure based on the speculation and so the future of altcoin will remain bearish if bitcoin was still bearish. Altcoins will be going to the bullish when bitcoin was bullish.

Of course, everything is based on speculation, even in stocks, there are a lot of speculators. But in crypto, it's evident that you can treat volatility as your friend and for those who are very experienced in the game, they can even make a lot of money based on this volatility.

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