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.

NewRanger

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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.

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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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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.
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.

Ulven

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Bitcoin's price movement will affect the altcoin market in a different way. 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.

Delightcrypto1

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Quote from: hd49728 on June 08, 2022, 10:34:11 PM

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.

Can't there be away of fishing out all scam project using bitcointalk gateway. What I mean can there be away of minimising this through the medium of bitcointalk.org because I see that most new project surely must organized bounty project for them to be known. I think the mod should look into that for this whole scam of a thing is becoming too rampant and discouraging new investors from the Crypto line.
Ethereum fails to expand its scalability. Ethereum 2.0 has been delayed a few years. However the value of Ethereum is its environment for other projects to build on ERC-20 chain.

It is the first blockchain allows other projects to do so. Binance Smart Chain and other chains are followers of Ethereum ERC20. It is a pioneer in blockchain industry, Bitcoin is the first, Ethereum is the second.

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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?

NFT projects are only very parts of Ethereum ecosystem and of crypto ecosystem. They are not only part to contribute to success of Ethereum ecosystem. I don't think it is fair to say ERC20 is a chain for scam projects. You can find scam projects, scammers anywhere, from real estate, stock to crypto markets. Scammers often find where they can deploy their scam projects and steal money from naive victims.

Ethereum can not protect all investors in crypto market from scammers. Investors are responsible for their money and what projects they invest in. Even in scam projects, you can be a winner if you have good entry and exit price. Even in good projects, you can be a loser if you have bad entry and exit price.

Delightcrypto1

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It's true that there are a lot of scam project in the recent phase of cryptocurrency and investors are falling by it on daily bases, the best things here is for all investors to study or duly investigate the project before venturing into such project Because those scam project directors always have strategy of meandering their way through by first settling any necessary fees that may enable their project to be featured even without any liquidity or even at time with liquidity and the project will just run for some month and before you know it it's scrambled. Investors have a lot of work to do also to avoid the problem of unnecessary losses.

vv181

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Quote from: Yogee on June 11, 2022, 10:44:38 AM

It's the largest altcoin with the biggest team but they failed so that kinda make every other project bound to fail too. The fact that they keep changing or delaying their roadmap means they didn't meet expectations.

Other cryptocurrencies may offer something new, but one thing for sure is the token that exists within that network might deem fail.

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.

They've promised it but failed to achieve it. So, there is no actualization.

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

What future can we see from the alternative cryptocurrency industry?

Another scam/shitcoin/copycat cryptocurrency or token will surely keep coming. But as a whole and while most of the projects keep being matured, there is a need that some project truly serves their own community, I mean if we look at the current issue, there is a lack of "decentralization" within Defi or DEX.

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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.

It's the largest altcoin with the biggest team but they failed so that kinda make every other project bound to fail too. The fact that they keep changing or delaying their roadmap means they didn't meet expectations.

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But in recent time there have been some shortcoming from various projects who walk away with investors' fund and abounding the project,

It's not recent. This has been happening for years. 99% probably tokens.

Tellek Garing

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Quote from: X-ray on June 09, 2022, 06:57:08 PM

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

What future can we see from the alternative cryptocurrency industry?

Nothing can be seen right now. It's totally pegged with the bitcoin. Various development already done by the altcoin developers but yeah these didn't give an impact on the price. bitcoin is controlling the market trend. The future of altcoins is following what will be done by bitcoin.
If bitcoin goes bullish and the future will be very bright for altcoin but when bitcoin became bearish and altcoin will be done for some time.

There have been several projects developed and to a great extent non have seems to meet up with the current demands of the industry such as security of funds, with most of them losing everything to scammers and hackers who will destroy their projects leaving out investors with loses.

But then Bitcoin seems to be the most secure investment in the cryptocurrency industry today and investing in altcoins is a highly risky move.

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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?

Nothing can be seen right now. It's totally pegged with the bitcoin. Various development already done by the altcoin developers but yeah these didn't give impact to the price. bitcoin is controlling the market trend. The future of altcoins are following what will be doing by bitcoin.
If bitcoin goes bullish and the future will be very bright for altcoin but when bitcoin became bearish and altcoin will be done for some time.

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Quote from: Kemarit on June 09, 2022, 05:54:05 AM

I guess the future is already here, altcoin market is going to be a pump and dump market. Only those that are prime movers and have a solid use case could survived the market.

As for ETH, it has evolved as well, just like it's counterpart, BTC. Although is supposed to be an alternative, now it's moving away as it is being developed to cater what the current market situations needs. So it's going to be cyclical, ICO->NFT->Defi->Staking and what's not.

I do not really believe that pump and dump is that much of a big deal in the short term. Sure we have crashes and increases all the time and that makes it a bit harder to focus on the task at hand, but that is still doable thing for all of us.

I personally would love to see the current situation a bit better, and that means we are going to end up with a situation where it is not going to be pump and dump, but more like bear and bull in cycles and those are different things. When it's pump and dump, that is like daily thing, but when it is bear and bull it is like months in between those things before it happens, so that is why I see it as bear and bull and not pump and dump.

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I guess the future is already here, altcoin market is going to be a pump and dump market. Only those that are prime movers and have a solid use case could survived the market.

As for ETH, it has evolved as well, just like it's counterpart, BTC. Although is supposed to be an alternative, now it's moving away as it is being developed to cater what the current market situations needs. So it's going to be cyclical, ICO->NFT->Defi->Staking and what's not.

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As you can see, alternative cryptocurrencies are more prevalent than ever. They serve many different purposes, so it shouldn't be surprising that they have attracted a wide variety of investors and users. And while alternative currencies have yet to go mainstream, they will likely continue gaining traction as time goes on. We'll see many exciting developments in the coming year as more and more projects focus on established and tested blockchains instead of building on untested code. There is still a lot we can learn from these new platforms, and I believe there will be a lot of great new alternative cryptocurrencies to watch out for in 2022.

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DeFi and NFT have not done anything new, just repackaged the same shitcoin into a new gift box and offered to the investors. Those who think otherwise are making a fool of themselves. Truly some handful of projects may actually do good but these are very few and most often only a dream.

Hence the future of altcoins remains the same - pump and dump while the creators make money and the investors keep losing money with every gamble of an investment.

The same drama happened all the way from ICO to NFT, clearly nothing has changed with the scammers running them nor the investors getting scammed.

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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?

IMHO, there will be a big purge for the altcoins market. You see that ICOs have failed because of the scammers that it had made it as their den and the same goes for metaverse and NFTs.

It had became the place of scammers although there really are those legitimate projects that have been serious with their development. And once that purge happens, it will be the top altcoins shall remain but bitcoin will still be the king at the top of this entirety.

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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.

Ethereum fails to expand its scalability. Ethereum 2.0 has been delayed a few years. However the value of Ethereum is its environment for other projects to build on ERC-20 chain.

It is the first blockchain allows other projects to do so. Binance Smart Chain and other chains are followers of Ethereum ERC20. It is a pioneer in blockchain industry, Bitcoin is the first, Ethereum is the second.

Quote

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?

NFT projects are only very parts of Ethereum ecosystem and of crypto ecosystem. They are not only part to contribute to success of Ethereum ecosystem. I don't think it is fair to say ERC20 is a chain for scam projects. You can find scam projects, scammers anywhere, from real estate, stock to crypto markets. Scammers often find where they can deploy their scam projects and steal money from naive victims.

Ethereum can not protect all investors in crypto market from scammers. Investors are responsible for their money and what projects they invest in. Even in scam projects, you can be a winner if you have good entry and exit price. Even in good projects, you can be a loser if you have bad entry and exit price.

Tellek Garing

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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?

Topic: Is alternative cryptocurrency meeting up to it expectations (Read 264 times)