Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years - page 3.

prof7bit

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Quote from: hulla on September 10, 2019, 11:16:54 AM

Quote from: posi on September 10, 2019, 08:33:51 AM

Quote from: 10c on September 08, 2019, 03:48:23 PM

Quote from: TwSeventh on September 08, 2019, 03:38:11 PM

Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
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.

Hmm. I wonder how you're able to figure that out but you're absolutely right about crypto investors investing most of their fund in Bitcoin next 5years.
This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.

It's too late to invest in Bitcoin, because the real dominance of Bitcoin is almost 80%. I think that this is a very high indicator and today it is better to invest in Altcoins.

hulla

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Quote from: posi on September 10, 2019, 08:33:51 AM

Quote from: 10c on September 08, 2019, 03:48:23 PM

Quote from: TwSeventh on September 08, 2019, 03:38:11 PM

Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
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.

Hmm. I wonder how you're able to figure that out but you're absolutely right about crypto investors investing most of their fund in Bitcoin next 5years.
This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.

Juggy777

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Quote from: nutriagrigia on September 10, 2019, 08:58:34 AM

Quote from: herfianto on September 10, 2019, 08:42:33 AM

Quote from: bbc.reporter on September 03, 2019, 11:34:55 PM

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

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

This is quite possible as many alt coins have come and gone, and it’s impossible to keep a track of all the alt coins available in the market for a normal investor. The problem with these alt coins is lack of demand, and they’re not easy to sell hence investors are bound to forget them. However I don’t agree with the number 99% as popular alts like Ethereum, Lite Coin will always be brought and sold by the investors.

nutriagrigia

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Quote from: herfianto on September 10, 2019, 08:42:33 AM

Quote from: bbc.reporter on September 03, 2019, 11:34:55 PM

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

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

MikeyVeez

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Quote from: rosezionjohn on September 05, 2019, 03:24:29 AM

There are currently over 2,000 altcoins listed on CMC and let's just say there are 1,000 (or less) more that are still unlisted. For example the total doubles or even triples in five years, then that's around 90 surviving altcoins. I think his 99% estimate is too high.

Quote

Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.”

In short, XRP is one of the many altcoins he refers to as a "junk pile" Nice! Cheesy

Thanks to atomic swaps and cryptocurrencies that helps to connect 2 diffrent blockchains together, I believe that more than 100 cryptocurrencies could survive.

herfianto

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Quote from: bbc.reporter on September 03, 2019, 11:34:55 PM

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

posi

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Quote from: 10c on September 08, 2019, 03:48:23 PM

Quote from: TwSeventh on September 08, 2019, 03:38:11 PM

Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
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.

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Quote from: royalfestus on September 08, 2019, 03:40:19 PM

The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view.

Agree, most altcoins on the market do not have clear products and do not have large liquidity, making it difficult for investors to make transactions in the market. In my opinion liquidity can be an important factor so that altcoin can last a long time and maybe more than 80% of altcoins on the market do not have transactions of more than $ 1 million per day

Menawi12

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Quote from: bbc.reporter on September 09, 2019, 11:46:24 PM

Quote from: Vishnu.Reang on September 08, 2019, 02:07:07 AM

Quote from: ?? on ??

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

mika11

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The article has very true aspects, cryptocurrencies will be an indispensable trend of the future instead of traditional money

bbc.reporter

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Quote from: Vishnu.Reang on September 08, 2019, 02:07:07 AM

Quote from: ?? on ??

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.

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Quote from: TwSeventh on September 08, 2019, 03:38:11 PM

Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

That's so truth cause a lot of new projects which was launch last year and during the crypto market blood bath have quench off the market but the 99.9% mentioned altcoin which is to be forgotten in five years as said by Peter Brandt seems to be too much and there's high possibility for the altcoin not to reach the % he mentioned.

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Quote from: TwSeventh on September 08, 2019, 03:38:11 PM

Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

royalfestus

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The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view.

TwSeventh

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Quote from: Brunus on September 08, 2019, 03:26:35 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

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.

Brunus

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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

jazmuzika217

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There is a big possibility that his prediction will happen. Everybody can say that,it will happen five years from now but no one can prove and surely know about it. On the other hand if bitcoin continue to dominate the crypto world it is not impossible that altcoin will also to continue to fall but I think it will never die like bitcoin.

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Quote from: kidbounty on September 07, 2019, 11:29:40 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.

Stupidities. Your forecast is based on the assumption but you forget that during these 5 years, cryptocurrencies will develop, change and adapt to the requirements of time. In addition, nothing prevents to earn now and not to think about what will happen in 5 years. Just follow the development of cryptocurrencies (BTC, ETH, XMR) over the past 5 years. If in 2013 only a few people knew about them, now almost every housewife has heard about cryptocurrencies.

leader2704

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i think if it's true (and I do hope it will happen soon) that will be great for crypto market since there are too many scam and money-grab projects out there, this prevents new investors as well as new capital enter the market

Vishnu.Reang

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Quote from: ?? on ??

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?

Topic: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years - page 3. (Read 4170 times)