Topic: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years - page 2. (Read 4170 times)
September 21, 2019, 03:23:53 PM
I don't think we will need to wait for 5 years, there was a research this week that over 600 projects this year have no update of their Github. Most of these projects are dead but thanks to some of these exchanges playing with them they still have decent trading volume.
September 15, 2019, 03:18:23 PM
Thanks for the interesting opinion from Peter Brandt. I agree that the altcoin market is now sinking and many are waiting for another flight to the moon. However, with regard to the fact that 99% of altcoins can be forgotten after 5 years, this is the logic. Since the crypto market itself is developing, and with its development new projects, new cryptocurrencies appear, it can be assumed that some of them are a test to create something useful and necessary, which means there are chances for new more promising altcoins to appear. Everything will depend on which of the altcoins will become more needed and demanded by the community, then it will definitely exist and will continue to exist.
September 15, 2019, 03:12:14 PM
I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time.
I think so but in terms of divide investors, I believe some of these altcoins will be good as dead since they were lacking supports and investors. Some of those loyal bagholders will remain to hold a bag of their favorite altcoins while some may lost hope to hold it and eventually gonna dump it. 
September 15, 2019, 02:47:31 PM
Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth won’t go quickly. 10 years at least 
I think that 10 years is not a minimum and this is the exact term for the disappearance of 90 percent of altcoins, but we still have a lot of time to make money on new projects 
September 15, 2019, 12:19:32 PM
I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time.
September 15, 2019, 11:32:49 AM
Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth won’t go quickly. 10 years at least
September 13, 2019, 05:20:48 PM
i agree about this statement, especially for every new project are launch crowdfund and offering shit project, no need to wait in long time.
after the project end and listing their in market maybe in 1 year later nothing any news about the project and coin/token they offered will become a trash in the market
after the project end and listing their in market maybe in 1 year later nothing any news about the project and coin/token they offered will become a trash in the market
September 13, 2019, 05:14:19 PM
Well given what is obtainable currently in the altcoin market, its wise to say that most Altcoins won't survive the coming year 2020 let alone surving for the next 5 years. Some Altcoins weren't supposed to be created but they were and such will die off first.
September 13, 2019, 04:50:33 PM
Peter Brandt is probably right but does not have much merit to imagine that. This is very likely and almost desirable, given the delirious number of cryptos that exist.
How many serious projects among them ?
How many serious projects among them ?
September 13, 2019, 04:26:50 PM
I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them.
Some top coins in 2015 now lost the big value and they get deleted from the total marketcap after the dead cat price actions. The new altcoins have the same risk if they don't give the proper reasons for investors in order to get more involvement money in the development. ETH will not be delisted and there is no intention to target the top 3 coins in this comparison.I am sure only 20 or maybe 30 projects that I remember as a good investment but there are more than 2500 altcoins in the cryptocurrency industry. In the meanwhile, the last bear market was not only dangerous for the current crypto investors, but the teams also started to confuse the reason why the market behaves like a teenager. Legit projects have no such embarrassment for general comprehension.
September 13, 2019, 04:20:18 PM
Not all altcoins, only altcoin that exist for trading only will die, i do not like that altcoin without real value even if we can make a profit from holding it, altcoins like this should be die
September 13, 2019, 06:15:52 AM
as in ordinary business, many campaigns close and new ones replace them. this is a common situation and each of us must be prepared for such events and be very adaptable
So projects are indirectly just using the industry as a money making machine to generate money and then go away, and what assurance do we even have that those project that has failed are not still the ones that are coming back again to raise money the second time. If we needed to control these things, old project are the ones we are meant to even pay attention to so that any old dead project would not think of coming the second time through another name to generate fund all over gain which I think that it is the highest form of scam I would ever see. Most of these altcoins are just having repetition of products and that is why they are failing, no wonder Barndt said they would not extend more that the time they have spent now.
September 11, 2019, 11:19:22 AM
I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them.
September 11, 2019, 07:54:06 AM
All this situation with altcoins reminds me dotcoms boom. Hundreds of new companies, connected to Internet somehow appeared... And most of them coudn't withstand the extinction when the bubble popped... But some of them clearly did it and grew into something really big 
September 11, 2019, 12:53:58 AM
If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says.[/i]
I remeber stating this in a post on this forum lately. Many popular altcoins will disapear from from the crypto space in alarming fashion and we will see newer giants arising.My only question remain if the emerging top 10 will be from The existing market or IEOs being released recently?. The future is gloomy for altcoins at the moment 
September 10, 2019, 10:24:03 PM
what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.
We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?
However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.
Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves
It is not only that. ICOs do their development similar to a startup. Where would they be after spending all of their ICO funds? How would they continue the project? Dump their share of the tokens hehehehe.
They have lost the principles of opensource development.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 10, 2019, 09:02:55 PM
if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.
It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded.
That is why we always need to research about what we want to invest, so we don't make a wrong decision. Only the weak altcoin that will disappear from the market, and that will no need longer to see that. I think from the last 2 years ago, and the market makes a selection for the altcoin so only the strong altcoin that will still exist on the market.
In the future, we will have more altcoin that will release, and the market will make another selection, and bitcoin will adjust the price to a new rate. But at that time, bitcoin price will still at the top position on the market.
September 10, 2019, 03:16:33 PM
if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.
It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded.
September 10, 2019, 03:07:25 PM
It is only speculation, but hard speculation, that's unbelievable for me. It has been a bit exaggeration, 99% means most of the altcoins will be disappointed, it is highly unlikely that it will happen. By and large, l can not imagine crypto without altcoins. Some of the altcoins can disappear. Speculation is the dangerous game and in the zero-sum trading world only sharks take hgue risks for gaining more profit. Twitter crypto experts are the source of the FUD in the crypto world, to be honest, I don't accept these advices seriously form the social media gurus.
September 10, 2019, 01:42:48 PM
To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved
We only hope that some of those we have invested in will be saved
This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.
Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did.
This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.
Does it still look like it too late to accumulate some Bitcoin?
Jump to: