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Topic: Is this a bad time for altcoins? - page 3. (Read 3654 times)

full member
Activity: 294
Merit: 100
July 13, 2021, 01:51:46 AM
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
It's a common thing in the friends market. Right now we can't say bad times for Altcoins. Every investor would be interested in such a project. Because in my opinion, investors only see how a project carries out a marketing strategy.
hero member
Activity: 1792
Merit: 536
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July 13, 2021, 01:28:28 AM
Well, it is not really a bad time for altcoins. The wealth risk takers who were able to make some money by risking on the shitcoins, were able to make the hype, maybe try to spend a few thousand dollars to do that hype and then made a few hundred thousand dollars out of it. It is not really hard for these money bags to accomplish what they can accomplish. If there is only one thing I could get out of this, is that rich people can make a hype and plebs like us will take whatever they say.
hero member
Activity: 3234
Merit: 774
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July 12, 2021, 05:57:58 PM
I don't see that there's a need to worry about the current market condition. In fact, you should be happy and excited with what it is showing. The stableness that it has been for the past weeks can likely show that it's going to have its rise soon.
The bear market doesn't really look like the bear market as everyone is describing it. Look back a year ago, and you'll realize that it's not really bearish.

Somehow there are some or many altcoins that were doing great today even if we are speaking it out that the crypto market are in a bearish market. In fact there are some altcoins made its way to soar high today even though we're been worrying about the market status of bitcoin because we do believe that it may greatly affect altcoins too. But it seems that we are now totally dealing with a different crypto market, a far way different from the last time the crypto market been crashed.
I'm not worried at all, I'm even happy to see that I'm witnessing the highs and lows of bitcoin. But considering that many are very vocal about the lows.
They only look at the most recent picture of the market but never looks back.
sr. member
Activity: 1414
Merit: 255
July 12, 2021, 03:24:23 PM
The crypto market is going through a tremendous downturn, and I think altcoins are in a difficult time right now, because almost all altcoins are red in CMC, and there are no sign that the crypto market will improve yet, hopefully the crypto market will return to normal soon,
When you see the crypto market getting better when the price of bitcoin is more stable, what's more when bitcoin experiences an increase in price, the altcoins will also do it.
legendary
Activity: 3332
Merit: 1617
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July 12, 2021, 02:20:24 PM
We need to wait for the bitcoin bull run to start again before alts can prosper again. Alts always mirror bitcoin so we must wait for bitcoin to rise before we can begin to see alts moon. Patience is required friends.
full member
Activity: 756
Merit: 100
July 12, 2021, 11:57:39 AM
Shitty meme coins look good but volume isn't good. You won't get profit if you fly with fake volume. It's a very good time for volume altcoins. When I see the current price of top volume coins, I think I wish to have more money. I did so much research on altcoins as their volume. Now this month we are missing the best opportunity.
copper member
Activity: 897
Merit: 1
July 12, 2021, 11:22:58 AM
This is a cryptocurrency market with a decentralized system. Only the sell and demand ratio decide the value of any coins/tokens. There is a big fluctuation in the crypto market these days and a small correction occurs due to many investors makes a good gain and get back their funds with a huge profit from these crypto markets. The price of altcoin is in not so good conduction but soon the next wave of profit will arrive in the altcoin section but there is also some of the altcoins in the market which has some ability to provide a good return in these market conduction.
sr. member
Activity: 1988
Merit: 453
July 12, 2021, 10:27:45 AM
If I am holding large quantities of alts, then at this point I would get rid of most of them. Because after the crazy alt rally we had in the last 6-7 months, many of these coins are looking like inflated balloons. Look at coins such as Dogecoin. It has gone up by more than 100x in the last 12 months. Anyone in their right state of mind would go for profit booking at this point. But then there will be a number of ultra-greedy folks who would hold on to all their coins, hoping for even greater profit. That strategy may work with BTC, but not with shitcoins such as Doge.
sr. member
Activity: 2002
Merit: 250
July 12, 2021, 10:26:25 AM

I don't see that there's a need to worry about the current market condition. In fact, you should be happy and excited with what it is showing. The stableness that it has been for the past weeks can likely show that it's going to have its rise soon.
The bear market doesn't really look like the bear market as everyone is describing it. Look back a year ago, and you'll realize that it's not really bearish.

Somehow there are some or many altcoins that were doing great today even if we are speaking it out that the crypto market are in a bearish market. In fact there are some altcoins made its way to soar high today even though we're been worrying about the market status of bitcoin because we do believe that it may greatly affect altcoins too. But it seems that we are now totally dealing with a different crypto market, a far way different from the last time the crypto market been crashed.
Indeed, currently the price of bitcoin is going down and of course it also affects the price of altcoins,
but I don't think all coins are affected by the decline in bitcoin prices,
because as you said there are some coins that actually go up with the current market conditions
hero member
Activity: 2170
Merit: 530
July 12, 2021, 10:08:52 AM

I don't see that there's a need to worry about the current market condition. In fact, you should be happy and excited with what it is showing. The stableness that it has been for the past weeks can likely show that it's going to have its rise soon.
The bear market doesn't really look like the bear market as everyone is describing it. Look back a year ago, and you'll realize that it's not really bearish.

Somehow there are some or many altcoins that were doing great today even if we are speaking it out that the crypto market are in a bearish market. In fact there are some altcoins made its way to soar high today even though we're been worrying about the market status of bitcoin because we do believe that it may greatly affect altcoins too. But it seems that we are now totally dealing with a different crypto market, a far way different from the last time the crypto market been crashed.
member
Activity: 700
Merit: 14
July 12, 2021, 09:19:51 AM
the market is in quite a worrying condition, because the bear market continues, of course this is a bad time for all altcoins, so I hope the bull market will coming back soon
I think this July will be very challenging for BTC, the current trend looks really bad as the mind of the market will be on the countdown until the Grayscale fund (GBTC) is unlocked.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Although, meme coin has no greater utility than itself, but no one can deny, meme coin (Doge) has a really strong community, the effect is terrible.  I know that it's overvalued and exaggerated fomo with Elon, but really, the coin meme community has created tremendous traction.  That is the reason that Doge gradually overflowed to 100 billion market capitalization.( Mar)
full member
Activity: 1120
Merit: 101
July 12, 2021, 09:11:22 AM
Meme coins only increase at one time so traders use them for short term profit, they only take immediate profits if they don't want to lose but for legit coins it will increase slowly and well hold it in long term. Basically, legitimate coins will provide high movements even though you have to patiently wait for the price to increase.
Meme coins only used as short term speculation only by traders, pump and dump coins sometimes needed by traders to increase their balance faster if they have to wait in project with organic growth. As traders , alot of coins need long time to really give huge profits  to us and some of us not patient to face it and finally decided to invest in pump and dump coins.
that's what professional traders do. so are shrewd investors.
the hype ensues and then you will see the dump very quickly. it usually happens because the game is designed very quickly. and those who can't keep up will get a trap.
if this kind of situation keeps happening and more happens. this could be bad for crypto market conditions due to declining trust and adoption rates.
full member
Activity: 602
Merit: 102
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July 12, 2021, 04:19:17 AM
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Obviously, legitimate and real coins are usually easy to access in the market, they cost a lot of money to perfect everything, meaning it's impossible for them to do something without careful consideration. when people's trust is set perfectly then the chance for the coin to perfect itself is definitely much higher.
while coin memes are easy for us to access in the market, but for us to analyze coins like this further it is more difficult, considering that simple things don't necessarily sell and are given the trust of buyers, we sometimes worry that cheap coins like memes need a long period of time to invest, not to mention that our investment reaps the maximum results
full member
Activity: 1130
Merit: 133
July 12, 2021, 03:00:21 AM
Meme coins only increase at one time so traders use them for short term profit, they only take immediate profits if they don't want to lose but for legit coins it will increase slowly and well hold it in long term. Basically, legitimate coins will provide high movements even though you have to patiently wait for the price to increase.
Meme coins only used as short term speculation only by traders, pump and dump coins sometimes needed by traders to increase their balance faster if they have to wait in project with organic growth. As traders , alot of coins need long time to really give huge profits  to us and some of us not patient to face it and finally decided to invest in pump and dump coins.
full member
Activity: 2142
Merit: 183
July 11, 2021, 04:29:50 PM
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
This is your personal opinion and it may not coincide with the opinions of others. There are now also enough good new projects that are doing well in this market. It's just that we notice more meme coins, for which a large advertising campaign has been launched. At all times there have been and will be both promising and useless projects. As a result, the market will put everything in its place, you don't have to worry about it.
hero member
Activity: 3234
Merit: 774
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July 11, 2021, 12:52:29 PM
the market is in quite a worrying condition, because the bear market continues, of course this is a bad time for all altcoins, so I hope the bull market will coming back soon
I don't see that there's a need to worry about the current market condition. In fact, you should be happy and excited with what it is showing. The stableness that it has been for the past weeks can likely show that it's going to have its rise soon.
The bear market doesn't really look like the bear market as everyone is describing it. Look back a year ago, and you'll realize that it's not really bearish.
full member
Activity: 812
Merit: 108
July 11, 2021, 12:42:01 PM
Bitcoin has yet to break out of the FUD, not many catalysts that can drive volume and gravity. This causes stagnation for the entire market. In June, we had the lowest overall market volume this year. This causes some concern for altcoins as a whole. Only if bitcoin can pull the anchor, that's all. I think the altcoin dip period when bitcoin is flat will continue.
Quote
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
The coin meme is only pumped by hype, pure. What you believe in, take it. Doge/Shiba will soon come to an end.
member
Activity: 1060
Merit: 11
July 11, 2021, 12:21:07 PM
Right now it's a very difficult time for altcoins and even BTC is in the red, I see no sign of the Crypto market getting any better, and this makes everyone has involved in crypto feel worried, hopefully things stabilize quickly so cryptocurrencies are excited  back, and don't make crypto users panic excessively,
member
Activity: 636
Merit: 11
July 11, 2021, 10:46:59 AM
I can say that the current market is like hype. with the hype in a project and the rising price, most people don't care whether there is a use case or not, but just profit; this is the reason why most shitcoins pump more than most legit coins. That is, legitimate coins take their time to offer something meaningful that will last.
I agree about hype.

There are various coins that are made through hype and had an increase due to it. But as long as you know how to take it and make money from that hype.

It's a good time for you to buy that coin as long as you know or have an idea if the hype is about to end or not.
investinn in hype project only could survive in weeks count, this is the main strategy to attract investors or traders. usecase and utility must be the first thing , and ignore about HYPE that start spreaded in market. Some project prefer to pay influencer to promote the project , and unfortunaly we trapped this condition
full member
Activity: 896
Merit: 100
July 11, 2021, 08:52:29 AM

yes, times like now is the right time to invest in altcoins that have the lowest prices. therefore in my opinion every time like now is the best time for investors.
the difficult thing is to determine the lowest price momentum. to be honest no one can do all that properly.
all this time we have to do is believe in the investment planning that we do. Don't be too greedy or rely on people's words. do everything to the best of your ability. buy or sell at any price as long as it is following your plans will definitely give you satisfaction.
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