Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
You are not the only one seeing this kind of situation in altcoins, eversince i started in cryptocurrency there are a lpt of projects that have a good future but in the end its always ended failure. Its because their community is not supporting the projects successfully. And its not new nowadays that meme coins is more profitable than any legit altcoins, it happens before that most of the altcoins that have little chance to be legit is more profitable and more people gain profits from them. 
Topic: Is this a bad time for altcoins? - page 10. (Read 3643 times)
Increasing cryptocurrencies on daily basis makes bad times for everybody. Traders arround the world have their own mind to invest in any altocoins. We can not predict in altocoins what is going to happen next. I saw some youtube video about taking entries in altocoins, if we take that we will never ever catch our buying too easily. So definitely altcoins in bad situations.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Every day there are always altcoins that skyrocket and die, this is natural because competition for more than 10k altcoins makes everything possible, we can always get big profits as long as we actively follow crypto developments.
for now if we talk about theory of course now is a less good time to look at the current altcoins of course for holders this is a very unfavorable time.
but now is also a very good time to increase our assets because this is a very good time and this is like a pretty big discount and certainly profitable.
but now is also a very good time to increase our assets because this is a very good time and this is like a pretty big discount and certainly profitable.
If you are still positive with this asset the current fall is your opportunities to buy more, and yes, for those who bought from the peak this current situation is not favoring them,
It's tough to decide whether to continue holding or it's time to cut losses and try to re-enter the market for better view and better entry position.
Everything depends from how you understood the market and how far you are trusting your own assessment.
this should be a bottom for altcoins, because the price of Bitcoin has also touched support, now at $35000,
and of course this is strong support, I believe it is, and I totally disagree with the OP saying that this is bad time for altcoins,
and I think it's the right time to buy altcoins for long term hold!
and of course this is strong support, I believe it is, and I totally disagree with the OP saying that this is bad time for altcoins,
and I think it's the right time to buy altcoins for long term hold!
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
It is always a bad time if you do not know how to invest and its always a good time if you know what you are doing. I personally do not invest during these periods because I believe that there is a good chance we could make a loss if we do not know what bitcoin will do, I need it to go down a bit more, and I already have some bitcoins anyway so I do not really need to rush anything. I just buy whenever I feel like it is down enough, and that would be good for me.If it was going up I would buy too, I buy almost all the time, I just do not want to right now because it doesn't feel right at the moment. At the end its your own decision, it is a bad time when you say it is a bad time, nobody else can say it is a bad time if you believe it is a good time, what others do is guess just like you would and that means you are as right as anyone else when you are predicting because it is just assumption.
Its true, also, its because many of them are small cap coins, so its easy to manipulate by some small whales.
Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.
But please once more, be careful, this is very risky, ensure that you are ready with the risks of losing money. It is once again, better to invest in top coins although they are likely hard to increase. Those that have strong fundamentals will be worthier in the future. Agree, invest on such of that projects very risky, but scalping them for a small profit and fun its just ok, but for a good purpose dont show off them, it will just mislead another people to follow you.
Yeah, everytime is a good time to invest on strong fundamentals coin. Just dont all in on a time, keep buying small by small so you can averaging down if something bad happens.
you can say it is bad time for altcoins because almost all altcoins have been drop half to its ATH. if you see ETH, its ATH is approximately 4350$ and today eth price is 2150, which is half of 4350$. so I hope we will soon see the good time for altcoins.
if you are talking about memecoins (shitcoins), why they are increasing, so I will answer you that they have no their utilities so they increased or pump only on hype and richer's tweets. I don't think they have increased with their own potential once.
if you are talking about memecoins (shitcoins), why they are increasing, so I will answer you that they have no their utilities so they increased or pump only on hype and richer's tweets. I don't think they have increased with their own potential once.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
The answer is hype, then another question is how? Hype is very good in this space we find ourselves, and that is why most team pays a good attention to it, and thus paying YouTube influencers and so on to promote their project, because they know that once hype sets in the token price will pump. And also, with hype in a project and the price growing, most people do not care if there is use case or not, but just profit; this is the reason why most shitcoins pumps more than most legit coins. That is, legit coins takes their time to offer something meaningful that will last long term.
But yet, when it comes to risks, these shitcoins posses more risk than legit coins, and now the market is in a bad shape, those shitcoins are either dead or worthless, while most good coins are still holding strong and ready to grow once the condition is right.
Lastly, it is good coins with utility that are keeping this space going as well as making it more attractive to investors, example, Bitcoin, Ethereum etc.
Yes for now totally a bad timing for the crypto market with altcoins. There are many top altcoins price goes to down so you can buy now high quality altcoins with cheap price. At least if covid-19 will gone then the crypto market can back again. Moreover demanding of the altcoins market every low right now so we should wait long.
I think that most investors have already bought the coins, as they thought, at the lowest price. But these altcoins lost even more in value after bitcoin failed to grow in price above $42000. And as a result, the price of altcoins has decreased not only against the dollar, but also against bitcoin is at the lowest level.
Well it's certain that some coins with good usecase lacks a promotional team members or marketers, so most people don't even know about this project because there ain't popular while on the other hand meme coin gots lots of shillers who will keep hyping this shit coin and make it get popular that people will start jumping in to make quick profit, this is is actually more reason why shit coins keeping pump real good but no back up at all just a little market crash the prices of most meme coin will start dumping excessively.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Because the whales hold the price not to flying, they want to accumulate slowly to have as much as they can.
Also, theres not many hype to pump the price like meme coins. Its pure my opinions but i see it true on some community.
Not all of them will be forgotten, the one who have strong community will keep going, even if the price will drop many.
It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.
Of course there must be a whale in it because indirectly whales like Elon, for example, can move their followers to manipulate the market. and it's been proven by the flying of the meme coin.and actually the community also if there is no one who can guide the others, I don't think it will run smoothly and there must be obstacles. and this is where the role of the popes is needed.
but i really like your description and it's true these coins wouldn't be able to fly to the moon without a lot of people supporting them from behind
It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.
Everyone of course must support and have their respective roles if you want to go to the moon,just imagine that there is a good project but the developer doesn't work optimally, of course the project will not run
It is not only about the devs, it is about the community, no matter how good the project is, no matter how great the devs is it will not fly to the moon if the community will not support, in cryptocurrency, it is a power of community or many people if the project will go to the moon or not.
I agree because that what was happen mostly in meme coins, there are people that are creating a hype so that it goes to trend and the community could support it.What if your coins have a good utility but they were only few people supporting it then it could be the start of its downfall in the market. let say every good project, have a whales inside it , and whenever big "movement" come , they immediately sold all of it. so what about meme coins ? mostly just a amateur trader who come for x100 ++ and real whale inside that project, that why sometimes we see different movements.
because most of them are fomo and still participate in buying coins, this certainly cannot be separated from the dominance and promotion of the whales themselves. So that's why these meme coins can fly so crazy.and this is very difficult to stop because these fomo still don't understand and don't really understand the impact that will occur when these whales stop their promotion and pumping.
I don't think it's a bad time for altcoins right now. altcoins that have strong fundamentals continue to grow and the team works professionally. so don't ever assume something that you don't know in detail
Every altcoin are affected at this time, the only difference is some are affected with higher percentage drop than others, example like solana (sol) is still holding strong despite how most coins were affected, only very few coins have similar capacity like solana.
It is not a bad time for altcoins of that altcoin is being promoted by a person or a group that have good influence in crypto space like elon musk. You have to choose the altcoin that is more likely beimg used by many people like dogecoin, shiba inu for example. You have to do research first as some might be a short term trend and some are not. Just like shiba inu which ethereum co-founder donated a huge amount of money if converted to USD then later that day many exchanges listed the shiba inu.
Yes for now totally a bad timing for the crypto market with altcoins. There are many top altcoins price goes to down so you can buy now high quality altcoins with cheap price. At least if covid-19 will gone then the crypto market can back again. Moreover demanding of the altcoins market every low right now so we should wait long.
for now if we talk about theory of course now is a less good time to look at the current altcoins of course for holders this is a very unfavorable time.
but now is also a very good time to increase our assets because this is a very good time and this is like a pretty big discount and certainly profitable.
but now is also a very good time to increase our assets because this is a very good time and this is like a pretty big discount and certainly profitable.
Jump to: