You guys are missing the point of 99%, he is not talking about the top 10 or even top 20 while saying 99%, right now there is an estimate of around 3000 altcoins, that means %1 of it is 30 coins, so the top 30 is not the ones we talk about.
Surely there will be coins that people and communities try to survive and make a name even after 5 years but lets be honest with each other, any coin that is not in top 30 right now, will be long gone in 5 years, only few will survive and all the ones that are not dead will be basically in life support by the tiny community behind it. Only the strong survives here. I am not saying they will all be gone, but they will not be making any difference at all and they will be on their way to be irrelevant and useless by that time.
Topic: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years (Read 4157 times)
December 12, 2019, 10:43:56 AM
I would have to agree with him. Most of the alts that are in the market right now are almost dead and the teams/developers are not even trying to do any possible thing to revive them. There are some that still operate but don't have enough community support so they still stay out of the radar. Only those coins have made names for themselves and keep thriving are the ones going to survive along with Bitcoin.
December 12, 2019, 09:01:21 AM
I keep following tweet from Peter Bandt he is one of the most reliable bitcoin analyzers. several times he is always right predictions, the possibility of what he said in the next 5 years altcoin will be forgotten. but for the top 10 altcoin or alt who have a community that is still with bitcoin.
December 12, 2019, 07:48:09 AM
It might be happening soon and not in 5 years time, since we can see it already today most altcoins is slowly fading, most altcoin price was keep falling day by day has anyone notice it recently it might be the sign that altcoin market was on the brink of collapsing who knows it might be tomorrow or next year.
December 12, 2019, 05:22:55 AM
I constantly study altcoins and there really are a lot of them. I believe that over time, only those altcoins that have significant technology will remain and they will be in demand. Most of the altcoins will leave the cryptocurrency market. I believe that significant altcoins are blockchain protocols and payment crypto wallets and ecosystems.
October 28, 2019, 11:25:25 AM
he is generalizing things a lot but they are a lot more specific than that so the range goes from days to years.
for example there are a lot of shitcoins that didn't even last more than a day before dying and being forgotten. some others like ICO scams lasted a couple of months before dying and in some rare cases the shitcoin is too big to die that fast so they can last for more than even 5 years (examples are XRP, ETH and BCH).
but no matter in which group they are, their behavior is exactly the same only on different scales: they get pumped, then dumped and then die.
Indeed too generalized. In fact, there are still some strong potential altcoins with a very good market capacity because the development team is consistent and focused on developing its products. I agree with the topic for shitcoin that is made without a strong strategy and niche, especially those who only follow the trend, it will not last long. But for strong altcoins like ETH and XRP there are other levels. for example there are a lot of shitcoins that didn't even last more than a day before dying and being forgotten. some others like ICO scams lasted a couple of months before dying and in some rare cases the shitcoin is too big to die that fast so they can last for more than even 5 years (examples are XRP, ETH and BCH).
but no matter in which group they are, their behavior is exactly the same only on different scales: they get pumped, then dumped and then die.
October 28, 2019, 07:50:10 AM
I noticed that the top 10, top 20 coins are practically unchanged. But the rest jump quite a bit from place to place by capitalization. This means that they are more traded than used. It is what is called the bubble. The new bubble will be called the altcoin bubble 
October 28, 2019, 07:44:57 AM
This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day.
Altcoins cannot defeat bitcoin as they need bitcoin in order to survive and if you research on last two bear market where altcoins had a bloodbath both were due to the fact that the value of bitcoin declined and rather I feel we will see end of almost 30% altcoins which are currently listed in coinmarketcap leaving only the valuable assets behind.
October 28, 2019, 06:42:23 AM
This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day.
October 26, 2019, 10:34:46 PM
This opinion is not necessarily wrong. I have plenty of evidence to support that opinion.
For example, it's MUSICOIN. I invested a lot in MUSICOIN. In fact, the altcoin is now delisted from Bittrex and no longer appears on the Coinmarketcap website.
For example, it's MUSICOIN. I invested a lot in MUSICOIN. In fact, the altcoin is now delisted from Bittrex and no longer appears on the Coinmarketcap website.
October 01, 2019, 03:26:56 PM
i can also well imagine that 99% of all altcoins will die. after all, there are now so many coins and if 1% survive, this will certainly still enough for an altcoin market.
in my opinion, after the death of the 99%, a new and hopefully healthy altcoin market develops.
in my opinion, after the death of the 99%, a new and hopefully healthy altcoin market develops.
October 01, 2019, 02:23:27 PM
It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.
Many altcoins were created for a certain type of business and if this business is still working, and even more so developing, then the token will exist for a very long time. Even if there is a need to replace an outdated token, then they will simply send new tokens to the wallets of the holders of the old tokens.I do not think that in five years almost all current tokens will disappear. Of course, this process will constantly occur, but the figure of 99 percent is too high.
October 01, 2019, 01:57:06 PM
It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.
October 01, 2019, 01:47:03 PM
No wonder, because almost no crypto is backed by a working solution that can compete with centralised services. Once we would have such projects, we would talk about the mass adoption of plenty of currencies but as of now, this guy is right.
October 01, 2019, 12:44:07 PM
I think that altcoins are here to stay, but will we ever see the heights that many experienced and benefited from in early 2018? I very much doubt it. I do believe though that some project will slowly develop over time and as tokenized projects, they may bring some holders, some good long term returns, but apart from being involved in pump and dump scenarios, yes I believe many will lose holding coins and tokens that will eventually die off or not be worth anything in the next 5-10 years or so.
I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon?
Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.
Some altcoins may disappear but I don't think it would be as big as 99%.
cryptocurrency does not need to rush, after 5 years 30% of the entire world population will use this asset. I use Cryptocurrency for posting calculations every day and it is very convenient. Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.
Some altcoins may disappear but I don't think it would be as big as 99%.
September 27, 2019, 12:42:39 PM
I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon?
Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.
Some altcoins may disappear but I don't think it would be as big as 99%.
Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.
Some altcoins may disappear but I don't think it would be as big as 99%.
September 22, 2019, 06:43:29 PM
In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.
99 per cent might be too much but I subscribe to his submission. As bitcoin dominance continues to grow, money will keep leaving altcoins and developers will run out of funds sooner or later to continue development and in worse situations, if they have funds in cryptos like Ethereum which is very volatile, they may be burnt quicker. The challenge is to discover those few altcoins that will survive the purge and invest heavily in them
September 22, 2019, 04:15:33 PM
In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.
September 22, 2019, 04:09:18 PM
this might be true, or not but as I can see in the market, ripple bitcoin chainlink for instance is being uae now, and ethereum, for that to be 99 percent is way obsurd , I think its probably 50 percent or 25percent, we are not actually sure to speculate because thats what people say on bitxoin ethereum ripple, that its not gonna see tje future but look at it now the price reaches its all time high and people are getting its part of the coin holding it how xan it vanish if the people are patronising it, maybe by 5years it the new currency we are using or maybe not we dont know whats hold the future lets see
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