Topic: Is this a bad time for altcoins? - page 6. (Read 3654 times)
We all know that when the price of a bitcoin goes down, the price of altcoins also goes down. Bitcoin and other cryptocurrency prices have reached an all-time high and after a crash, they are currently on the sideway. In addition, most investors invest in altCoins in the hope of making a higher profit and quickly withdraw from any negative situation. So suddenly the overall growth of any altcoin could be damaged and it could reach the brink of destruction. With so many coins on the market, many are losing faith in them and deciding to invest in major cryptocurrencies. However, it is possible to make a profit by investing in altcoins based on future prospects and project development plans.
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
meme coin has a big community to make its price increase very high, but I believe in the long term that communication will decrease, because meme coin has no function, so people only take advantage of the popularity from meme coin to get profit and when they have made a profit, then I'm sure they will sell it and that will make meme coin no longer popular, so the price will go down, therefore I think investing in meme coin is very risky.
if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.
Maybe what you say is true and so it looks like before the end of the year there will be bullish,however we can not predict just like that we also have to monitor market movements,
the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems
I think the main reason is the high popularity of meme coins recently. I see many devs starting to develop this kind of coins to make a good profit. And to be honest, they are doing the right thing. Because thanks to Elon Musk, animal coins are still people's favourite in the recent times.
if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.
Maybe what you say is true and so it looks like before the end of the year there will be bullish,however we can not predict just like that we also have to monitor market movements,
the fact is that not all altcoins follow bitcoin because sometimes we see when bitcoin goes down some altcoins actually go up and vice versa it seems
if i am looking at bitcoin dominance and altcoin price, it will drop once again before continue bullish running in next quarter. altcoin and bitcoin have strong rellation in price, and holding altcoin need our patience due altcoin movement sometimes contradictive wit bitcoin price. we often to see , altcoin drop meanwhile at that moment bitcoin price soar.
As long as Altcoins depends heavily on bitcoins, they are having the same bad time as bitcoin. the market follows exactly the same way with bitcoins. i think that when we claim that the market has no body controlling it. it is hard to make such prediction. i honestly think that who ever controls the bitcoin market will dominate the entir trade market. it is very simple.
It's a paradox, but it's just like that, and I can also explain it: people want to do their x10 quickly, they are not interested in fundamental fundamentals, the only thing that counts is a lot of profit and immediately, that's why this hysteria is around strange coins.
Yep, its a good reasoning, same like how people interested on Ponzi and another scam, they manipulated to have a quick and high profit.
Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too.
Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too.Not every movement IMO, because just like now, the movement of bitcoin is bearish, therefore it would not give a positive effect on altcoins, they will also dump, and there are even instances that bitcoin is bullish but altcoins are still not moving the same movement of bitcoin because people are divesting their money on altcoins to invest with bitcoin.
Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too.
So, are you sure it has real use? If so, why is there no community? No matter the size of this community, naturally things would be different if this coin had any. And if it has real utility, why are you worried about price? The most important thing the coin or token has already achieved is that it is useful. 
It has been years since Altcoins have appreciated in relation to BTC.
It has been years since Altcoins have appreciated in relation to BTC. Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
Yes, because at this time the market was focused on Bitcoin after FUD, maybe the Altcoin market will now improve after the bitcoin price is stable and it will also affect Altcoin too. Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
we will see current dump will be like 2017 or market could recovery faster than that periode. At this moment all cryptocurrency price drop sharply based on whales playing, i see no reason why we should sell our assets now. The negative in market only fud from whales group that want take our assets cheaply. Maybe the correct word to say only patient to wait lower price before we invest in bitcoin or other altcoin. 
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Unfortunately, it seems that fanaticism does its thing in the cryptocurrency markets as well!
There are better cryptocurrencies like primecoin, peercoin but they are in oblivion. But history puts everything in its place...
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
Yes, this is a good question cus I feel like to ask same question too, but then I think it's based on hype, shitty projects always depend of hype and speculation to get as much people as possible involved, but legit projects know their worth and prefer to work hard and grow slowly and steady, I think this is why in the beginning, shitty projects fly only to later end in a dump and death of the project, while on the other hand, legit projects always look shitty in the very beginning but at the end, those who trusted it in its shitty days always reap good reward for doing so. 
It's a paradox, but it's just like that, and I can also explain it: people want to do their x10 quickly, they are not interested in fundamental fundamentals, the only thing that counts is a lot of profit and immediately, that's why this hysteria is around strange coins.
Since the whole market is dropping now, it is common for Altcoin to be now to drop also. The crypto market is behaving like 2017. So it is not right to invest in anything now
yes, we have to accept the current conditions, the market turned red and the majority of the coins fell. could there still be a benefit in the current state, for someone who still has money in stock, maybe they use this kind of situation to buy, and expect the market to go back up. but for the people who are already trapped, maybe they can just shut up and endure. It is also possible that they will sell their coins, because they are still afraid the market will fall even deeper.
Those who sell their coins for fear that the market will fall even further are people who do not have extra patience, because if they sell them now, they will automatically lose because they bought at a higher price.usually amateur traders who always take the wrong action for fear that the market price will fall deeper, but if their coin is a potential altcoin they should be able to wait for the right time to come back even though it takes a not so short time
If it's really a good project then time will come that the coin will pumped, it's hrd to predict the exact time but the possibilities
always present,
You need to work deeper as the volatility really hurt your investment if you failed to catch the right asset to support.
Most projects still lack real life use cases, like use cases that really bring benefit to its users beyond just sending value from A to B. That's what they all offer at different transaction fees and speed of course, but it is time to see some use cases in action. That's still too rare.
yes, we have to accept the current conditions, the market turned red and the majority of the coins fell. could there still be a benefit in the current state, for someone who still has money in stock, maybe they use this kind of situation to buy, and expect the market to go back up. but for the people who are already trapped, maybe they can just shut up and endure. It is also possible that they will sell their coins, because they are still afraid the market will fall even deeper.
Those who sell their coins for fear that the market will fall even further are people who do not have extra patience, because if they sell them now, they will automatically lose because they bought at a higher price.usually amateur traders who always take the wrong action for fear that the market price will fall deeper, but if their coin is a potential altcoin they should be able to wait for the right time to come back even though it takes a not so short time
In some cases a real cut is necessary and you need to get rid of a coin if it turns out that it is just not gonna work. May be hard from time to time to swallow a loss, but it is better to get along with say losing half your money than to lose it all because you are betting on the wrong hope that the coin will make comeback.
Jump to: