Is this a bad time for altcoins? - page 9.

perfect999

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Quote from: lolxxxx on June 19, 2021, 02:38:21 PM

Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Well the market is totally dumping and the market is trying hard to keep up the pace to get on top but it's still failing on doing that, Whenever there is a dump on bitcoin price all the alts suffer so It is up to you when to make out.

For the memes coin, they just do too much hype too much shilling that they attract people who want quick profits.

I do not agree that we are dropping constantly, remember we went to 30k and ever since that moment we haven't went down anymore and we try to crack over 40k and yes we do fail and go back down to 35k levels but at least we do try that and that is a very good thing, being able to even try for higher and higher prices is very important and a great aspect of crypto prices, because when it is trying that means it will eventually succeed, rarely we see it try to go up and fail to do so, when it goes down it just straight up goes down, it is not going down because it fails to go up, it goes down because people want to sell, so when it tries to go up that means people are trying to go up.

This is why I think we are in a great situation and not crashing or anything like that, we WERE in a bear market but we are no longer there anymore and doing fine.

Hannahanto

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Many of this memecoins have value and big backup team, while some are shit coins no doubt.
I'll say the situation that's currently affecting the market is just so pissing off, after we all were celebrating the recovery of the market suddenly the market just stormed down again,so bad and I'm a trader but for the first time am a little bit confused.
But I know in no time the market will come back to bull, this year is a bullish one.

imstillthebest

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Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

not doing well because ? they are the dev of thier coins and they know more better than you .
you could be judging them too early but try to wait once the upgrade for the coin is done and you will see that devs did a good job for their coin and dont mind shitcoins because shitcoins dont last long and they are not in the level of the legit coins that can stay for a long time .

lolxxxx

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Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Well the market is totally dumping and the market is trying hard to keep up the pace to get on top but it's still failing on doing that, Whenever there is a dump on bitcoin price all the alts suffer so It is up to you when to make out.

For the memes coin, they just do too much hype too much shilling that they attract people who want quick profits.

Regards

bamb

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Meme is simply the trending coin at this time, other trend that is based on serious project will emerge as well! It appears different trends rotate in Cryptocurrency and at the end, every coin will have it's moments and it's glory! It is important now that investors get into quality altcoin coin that represents a trend that could be popular later!

Mahdirakib

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Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Meme coin price increase for manipulation and hype. And those coin price might drop quickly within a moment. Meme coins don't have bright future. Legit coin price doesn't increase quickly like meme coin but legit coin have good future and top altcoins will surely rise in long term. So don't be amazed with meme coin price movement.

SirLancelot

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Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

For you to see a good coin that is not doing well, that’s because the team is not doing enough to push it forward.
If the team is doing what they are supposed to do, then the coin will move forward. All those meme coins you think are worthless are moving forward because the team behind them are doing their best to push the project forward. That’s why it is not good to start up a project when you know very well you don’t have what it takes yet. No matter how good a project is, if you don’t have a good plan, then it’s going to fail.

Ghondronk

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Meme coin trend has already come to an end. Bad news which continuously came to the picture in last few weeks have made the bull tun reversed. I feel that the bull run did not touch its peak during the current cycle. If it resumes again, then we may see a good time for all alts. If not, probably we may have to wait for another 2-3 years.

adzino

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Quote from: LemonMaker on June 14, 2021, 03:39:51 AM

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

How do you define "doing well"? I am assuming you think that the coins that have higher value or coins that gets pumped are considered good coins? That's not true. The value doesn't define how good or well the crypto currency is doing. There are probably many undervalued coins out in the market that hasn't yet been recognized. Probably those coins are not ready or has more work to do. As for shitty meme coins skyrocketing, it is because of the current meme trend. People are gambling here. They know when the trend ends, those meme coins are going to die. They are just waiting to exit at the right moment.

SacriFries11

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Don't mind them instead focus on what you think is fundamental and rightful especially in crypto market because those shitty meme coins is just created as a hype or FOMO coin and being created as a Pump and Dump scheme so always keep in mind to avoid this kind of coin.

Yes, that's the bad thing about memes coins that affects the altcoins but some tokens are affected in good way and because of this hype. New users comes to cryptocurrency and new investors attract to jump in cryptocurrency. It just bad way when they put their money in the wrong tokens. They should also learn how to manage their money and do a lot of research before buying. For some top altcoins, I think it's good time to buy again since the market is dump again, I'm sure this upcoming weekdays the market will surely recover again.

rhomelmabini

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Quote from: Alert31 on June 19, 2021, 08:04:29 AM

We all know that altcoins always follow the bitcoin trend although bitcoin has not fallen much but it is still take effect on altcoins. Anyway, if you have extra funds, use this time as an opportunity to buy more potential altcoins in the market. If how to know the potential altcoins, just do your own research.

I guess this time around when the market was on the unknown territory whether it will go up or down better you say on sidelines and wait for a breakout and a retest, that's the best thing a patient traders/retail investors can do.

If Bitcoin moves towards the upside it will affect most altcoin either to be left out so better pick the large market cap coins not those who are on the lower cap, mid cap coins will do too.

Alert31

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We all know that altcoins always follow the bitcoin trend although bitcoin has not fallen much but it is still take effect on altcoins. Anyway, if you have extra funds, use this time as an opportunity to buy more potential altcoins in the market. If how to know the potential altcoins, just do your own research.

int03h

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Quote from: asriloni on June 18, 2021, 11:26:08 AM

Quote from: int03h on June 18, 2021, 10:37:05 AM

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.

Do you mean projects with anonymous teams? I think any project with an anonymous team can invest in. Other programmers will censor the source code and give reviews. Legitimacy is only one aspect and any project can build a legal system, even legitimate projects can fail or stop halfway. In the crypto space, only source code is still the most important thing.
Do you mean Bitcoin is a legit project until it gets recognized?

Chato1977

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Quote from: Dr.Osh on June 19, 2021, 12:43:08 AM

Quote from: Fredomago on June 18, 2021, 08:06:53 PM

Quote from: bekti3 on June 18, 2021, 01:56:57 PM

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.

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.

what worries me is the coin price dump is more severe. Currently, the bitcoin price is prone to rising at a price of $35k to $40k, but very few altcoins are adapting to it. even when bitcoin's price increased from $35k to $40k, not many altcoins pumped, in fact, a lot of coin prices dumped. however, if altcoins are our goal, then this is indeed an opportunity to increase the number of assets we have.

because there is no real investors recently instead manipulation is what happened.

Not until the issue of mining from China and the adoption from other countries being resolve , the market will stay this way.

Sendi blackspade team

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Quote from: mamahdedeh on June 19, 2021, 12:24:26 AM

Quote from: warg2017 on June 18, 2021, 11:53:44 PM

It is not just a bad time for altcoins, BTC too. Looks like is bearish season now，let us face it.
The price of BTC is relatively stable and has not fallen much, but the same is not true of altcoins.When BTC goes up, altcoins don't go up, but when BTC goes down, altcoins dive.

all cryptocurrencies are in a slump right now. but if you look at bitcoin, it is currently doing a consolidation movement, so the opportunity to go up is still wide open, especially bitcoin is still in the correction phase.

it's been a few days since we have seen bitcoin move like this. there was an upward movement but also immediately corrected. This all makes the growth of altcoins also disrupted while making a price fix. what is seen in almost all altcoins is a continued decline.
although there is still the potential for a pump to occur in bitcoin, we all must also be prepared for a deep dump to occur. This situation really confused a lot of people.

Dr.Osh

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Quote from: Fredomago on June 18, 2021, 08:06:53 PM

Quote from: bekti3 on June 18, 2021, 01:56:57 PM

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.

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.

what worries me is the coin price dump is more severe. Currently, the bitcoin price is prone to rising at a price of $35k to $40k, but very few altcoins are adapting to it. even when bitcoin's price increased from $35k to $40k, not many altcoins pumped, in fact, a lot of coin prices dumped. however, if altcoins are our goal, then this is indeed an opportunity to increase the number of assets we have.

Sithara007

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Quote from: Republikcoin.com on June 18, 2021, 11:19:25 PM

The price game on the transaction volume which is their capacity, this can happen to every coin if it is handled by a person of capacity. Hundreds of shitcoins have small transaction volumes, so there can be instant price pumps and dumps.
Very risky coin and rely on 90% luck 10% real work.

Many of the smaller shitcoins are under heavy manipulation and the promoters usually trigger pump-and-dump cycles so that they can sell their coins. First of all the trading volume is low (because most of the supply is not available for trade), and then these coins are not listed in a large number of exchanges. And sometimes, the exchange owners are corrupt and freeze the deposit of these coins. It creates an artificial scarcity of the coin, and this results in a jump in the prices.

I have seen this strategy manytimes in the past with shitcoins. When a shitcoin is under pump, it will be impossible to deposit that coin to the exchange. Because the exchange owners in collaboration with the shitcoin promoters would not allow the coin to be deposited in to the exchange. The promoters will be already having their coins in the exchange wallets. They will make use of the opportunity and sell the coins, while the other users don't have this option. By the time they are able to move their coins, the dump phase might have started.

mamahdedeh

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Quote from: warg2017 on June 18, 2021, 11:53:44 PM

It is not just a bad time for altcoins, BTC too. Looks like is bearish season now，let us face it.
The price of BTC is relatively stable and has not fallen much, but the same is not true of altcoins.When BTC goes up, altcoins don't go up, but when BTC goes down, altcoins dive.

all cryptocurrencies are in a slump right now. but if you look at bitcoin, it is currently doing a consolidation movement, so the opportunity to go up is still wide open, especially bitcoin is still in the correction phase.

warg2017

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It is not just a bad time for altcoins, BTC too. Looks like is bearish season now，let us face it.
The price of BTC is relatively stable and has not fallen much, but the same is not true of altcoins.When BTC goes up, altcoins don't go up, but when BTC goes down, altcoins dive.

Republikcoin.com

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The price game on the transaction volume which is their capacity, this can happen to every coin if it is handled by a person of capacity. Hundreds of shitcoins have small transaction volumes, so there can be instant price pumps and dumps.
Very risky coin and rely on 90% luck 10% real work.

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