50:50 mate, because the Bitcoin price drops also causes altcoins to go down,
but altcoins still look good to accumulate if based on bitcoin dominance which is currently at the 40% level,
of course the altcoin price should have a good increase if it can be below 40%, just hold it if you buy it now
Topic: Is this a bad time for altcoins? - page 11. (Read 3657 times)
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Some times the markets and especially the crypto market is hard to explain and acts seemingly without any logic. I strongly dislike the meme-coin hype since it started two month ago or so because it takes away money and liquidity away from real projects. I guess that meme-coins were so hyped and so popular was the fact that some people made crazy profits with the earliest second gen meme-coins like shiba-inu or safemoon and then of course once those stories go public that some guy made 200.000 $ out of 100$ a lot of people are attracted by that and throw some money into one of those meme-coins that pop up each and every day. I also think though that those times are over and those profits could only be made by very early investors of one of those early meme-coins and nowadays the meme-coin hype is already dying.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
There are still a lot of good coins that are doing very well more than the meme coins you’re talking about.And I do know that there are also some meme coins that are doing good when they are not supposed to.
But, I think that the reason why it seems like meme coins are like a trend this year is because of what we have seen happening this year. Dogecoin was doing well and that has made a lot of people to think that every meme coin they see in the market has a potential to grow. There is no need to talk about how it all started because I think everyone knows about it.
The Doge coin received a lot of attention because of Elon Musk's tweets. But there were a lot of such coins on the market that brought their investors tens of thousands of percent of profit. And the main explanation for this rapid growth was the bull market, thanks to which almost all altcoins have increased in price many times.
When bitcoin goes up the alt coins follow generally. It might be a bad time to invest at an ATH if you don't wanna hold. But the past year has been a sign that crypto is here to stay for the rest of our lifetime
and that means as long as we have patience and choose the right assets. then the investment at the ATH price can be achieved again. It all depends on our patience.It's been a few days since we saw how the market moved slightly and then corrected again. and this is followed by almost all altcoins. this looks bad to me. as there is a high probability that a deeper correction will occur than we expected the high pump to go to ATH this year.
This is our chance to see bad projects sink and really great ones emerge.
It won't happen dude. The altcoin gets dumped but when some bad projects already dead and then the creator of thse dead projects will be creating a new one with the different name. the bearish market means nothing for the people but we can hope that people will always try to pick the legit altcoin instead of send their money to the garbage tokens.
This time altcoin lose against the bitcoin dominance.
well, the price of meme coin especially Doge went up high because the investor is the richest person, and the owner of the Tesla company. Well, maybe there are many projects with good benefits, but that's not enough to attract big investors. however, people sometimes follow in the footsteps of already successful people to get the same success. Besides that, not all meme coins have high pump prices. Well, at least, that's what I think at the moment.
When bitcoin goes up the alt coins follow generally. It might be a bad time to invest at an ATH if you don't wanna hold. But the past year has been a sign that crypto is here to stay for the rest of our lifetime
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
It's so strange to imagine how this meme coin is in demand in crypto world compared to those real use cases. It's a big advantage for the coin being hyped by famous celebrity or influencer because some people will do less research of coin due its big impact to the market. This is the reason why meme coin now is going crazy. The crypto market needs rallies like these. This is our chance to see bad projects sink and really great ones emerge. This purge also made people aware of cryptocurrencies and technology visibility. It's time for cryptocurrencies to be invested with a more careful, professional attitude.
that's quite reasonable. because the hype and the big pump are already happening it makes people invest in the crypto market without knowing how this market works.with the correction taking place, of course, there will be better thinking for those joining the crypto market.
we can see serious projects with development and those who are just taking advantage of the market hype momentum.
The crypto market needs rallies like these. This is our chance to see bad projects sink and really great ones emerge. This purge also made people aware of cryptocurrencies and technology visibility. It's time for cryptocurrencies to be invested with a more careful, professional attitude.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
You cannot expect altcoins to keep on doing better consistently. There will still be time where it will encounters hardships and struggles specially if bitcoin is going down. Most of the time, bitcoin's value affects altcoins good run. Also, we should consider how well the developers are doing, they might be being irresponsible. It is a good thing that some altcoins are rising right now and those who took risk on diversifying their investment on bitcoin and other altcoins. Just wait, altcoins will soon get its spotlight. Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
meme coin is only increasing at this time and after its popularity is gone, then of course meme coin price will fall, but coin that has a good and real project, then of course the price will continue to increase slowly and will give you a lot of profit in the future, therefore you don't need to be afraid if you invest in coin that does have a good project, because the price will definitely increase very high. Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Shitty coins are flying because this is a bullrun market. Better you believe it and take profit from this bullrun market. Now you shouldn't choose any altcoins that you will hold for a long time. Now it's pretty shit time to choose good altcoins from all of the new altcoins. You will see some new shit altcoins will pump when listed in a normal exchange, so don't take all the opportunities. 
The majority of investing public and some people in crypto may think this is a bad time to invest in altcoin. But if you look closely, you will see that this is a moment of rare opportunity to get into very valuable and progressive coin at a good price! I personally have been expecting these low prices! I initial felt the bull market will not come early this year until later but I was wrong. Now , this is an opportunity to get in before another bull run in cryptocurrency market!
It is only natural that there are excessive doubts experienced by many people because they do not think that currently everything is in a red situation and the correction is very deep. make them also doubt and fear what will happen next.but actually if you look at this month everything is going well, bitcoin is in a stable situation so that it has an impact on altcoins as well. so there should be no doubt that altcoins will go down again. So it's time to buy potential altcoins to hold so that when time increases you can make a profit.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
There are still a lot of good coins that are doing very well more than the meme coins you’re talking about.And I do know that there are also some meme coins that are doing good when they are not supposed to.
But, I think that the reason why it seems like meme coins are like a trend this year is because of what we have seen happening this year. Dogecoin was doing well and that has made a lot of people to think that every meme coin they see in the market has a potential to grow. There is no need to talk about how it all started because I think everyone knows about it.
The developers can promote the coin and it all depends upon how the investors are attracted and whether they wanted to invest in them, it is true that there are many good projects that are not getting the desired attention and investment while some of the meme coins are flying and it is because of some influential people boost them and shilling for them and that is the only reason meme coins like Doge and others are flying high and people think that they can make a profit with them.
That is exactly the problem and that is what we are living right now. There are tons of "made up" coins (not like all others were organically grown in farms lol) whose only point is to make money to project owners, I have seen too many places end up working for money, and they just create the token and make the profit and do not care about it at all afterwards.I am not saying it is all a scam but I think there are way too many of them. All of that money could have gone to top 10 coins and would help a lot more, instead it goes to pockets of the project owners and that is the biggest trouble. I do not know what to do or what to say about this but at the end of the day as long as people keep falling for the same scam over and over again then there is nothing anyone can do to change this. Which is why I think it is quite obvious that we are not going to see a change neither because people are not stopping at all, and they do not look like they will neither.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Because the price of the coins is determined by the demand, and most people do not bother to make a research what is behind most projects (perhaps because there are a large number of people who do not even understand and have no idea what blockchain technology is), but simply embark on a blind investment in the hope of making quick money. And because there is a lot more noise around these meme coins, they decide that these are good coins to invest.
What they just rely with is those superstars in Twitter telling things they also don't know about.
Let's start with Elon Musk. Do we really have to believe he invested blindly with Bitcoin not knowing what it's background is?
Then, he will just swallow everything he said and tweet about Dogecoin being more green than Bitcoin. I doubt that.
Tons of people believed what he said but thanks to his ignorance or lies there are also tons of his followers that will now start researching what they will invest with.
The majority of investing public and some people in crypto may think this is a bad time to invest in altcoin. But if you look closely, you will see that this is a moment of rare opportunity to get into very valuable and progressive coin at a good price! I personally have been expecting these low prices! I initial felt the bull market will not come early this year until later but I was wrong. Now , this is an opportunity to get in before another bull run in cryptocurrency market!
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Because the price of the coins is determined by the demand, and most people do not bother to make a research what is behind most projects (perhaps because there are a large number of people who do not even understand and have no idea what blockchain technology is), but simply embark on a blind investment in the hope of making quick money. And because there is a lot more noise around these meme coins, they decide that these are good coins to invest.
Actually mostly all altcoin is been rally in this bull market, but some altcoin made higher gainer than others, because of promotion by famous influencer. Statement of Influencer is effected the price. If Elon musk did not promoted DOGE, im sure DOGE can not reached this high price. I think we need another influencer to promote crypto to trigger this market return to bullish again.
Jump to: