Mr. Peter Brandt has probably missed to mention the decimal points. It should be 99.9999% of the altcoin will be forgotten in coming years. Why? Because of no utility and investment is no utility!
Would you use one crypto to buy bus tickets and another crypto to book movie tickets and even another crypto to recharge your mobile phone?? I am sure no one would do that!
There should be only 3-5 cryptos available in the market which are usefull and rest all are garbage! Shitcoin is what we prefer to say!
Topic: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years - page 6. (Read 4157 times)
September 04, 2019, 10:22:16 AM
September 04, 2019, 09:19:32 AM
Good analysis backed by fact and data it's possible because we have seen the top 5 coins in the market 2013 gone now, but looking at the comparison, I don't see the top coins right now going out of business, we are in a massive adoption the market cap is getting bigger and if you are on the top of your game I don't believe you will give up developing your project/platform.
September 04, 2019, 09:03:07 AM
This is a normal prediction. According to Coingecko data, there are currently more than 5000 crypto currencies. Now it's getting impossible to follow. A major elimination process can be experienced.
September 04, 2019, 08:54:00 AM
What I find funny , is he thinks bitcoin will still exist in 5 years. 
Bitcoin Business model has ever increasing energy costs, ever increasing ASICS costs, ever increasing warehouse costs,
with decreasing rewards and LN stealing transaction fees.
While it competes with services that do not have these problems.
I would agree 90% of all coins are dead in 5 years, with the possibility that bitcoin is one of the dead ones.
FYI:
ZEIT will be the Last Coin Standing.
https://www.youtube.com/watch?v=2QJlBpwIHYU
Bitcoin Business model has ever increasing energy costs, ever increasing ASICS costs, ever increasing warehouse costs,
with decreasing rewards and LN stealing transaction fees.
While it competes with services that do not have these problems.
I would agree 90% of all coins are dead in 5 years, with the possibility that bitcoin is one of the dead ones.
FYI:
ZEIT will be the Last Coin Standing.
https://www.youtube.com/watch?v=2QJlBpwIHYU
Hmm, I really doubt that Bitcoin will not be here after 5 years, it's one of the very few coins that has a lot of institutional investors behind it.
I don't even think it's likely that Bitcoin would be gone.
When's the last time Bitcoin has gone under $9000, the bottom is also ever increasing, so your point about increasing costs is kinda moot with high Bitcoin prices accompanying that.
September 04, 2019, 06:49:28 AM
I reckon he might be partly correct...
The professional trader claims that in five years, 99% of all crypto assets will be a distant memory...
The professional trader claims that in five years, 99% of all crypto assets will be a distant memory...
If this is true, then a lot of altcoins would have been forgotten by now. This theory, would have been in sequence, at least, cryptocurrency has been existing for more than five years now and if we are to goby his theory, then a lot of altcoins Weser today would not have remained.
Although, I do not dispute the fact that so many altcoins have been forgotten, but going by the statistics of 99% might not tally with what is truly happening to altcoins in the crypto space.
What I find funny , is he thinks bitcoin will still exist in 5 years...
He might be right to have said this. Among all the crypt I currencies existing, bitcoin is the most established. If others are or will exist, then why can't bitcoin?
September 04, 2019, 06:32:38 AM
He is a professional trader, not cryptocurrency expert, like Anthony Pompliano.
Even if he were right, there are more than 10,000 cryptocurrencies, 1% of them are still 100 cryptocurrencies that will survive.
Even if he were right, there are more than 10,000 cryptocurrencies, 1% of them are still 100 cryptocurrencies that will survive.
September 04, 2019, 05:17:12 AM
I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten.
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
I think all the altcoins will probably settle their actual value. Much of the current value are from speculation. This is a wake up call for developers who are more focused on short-term price rather than adoptioin.
Mass adoption should be every developers main focus and not just price.
The masses should be the ones behind the price movement and not the wealthy few who have too much influence on the price.
Developers who understand what Cryptocurrency is all about and have the will to keep improving things, will last in Crypto.
September 04, 2019, 05:02:24 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.
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.
September 04, 2019, 04:32:01 AM
I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten.
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
I don't think that 99% of altcoins will be forgotten. That's nonsense in my opinion to say that. First, people prefer an investment that will give them good return of their money and if there are only few to choose. Second, top ten in the altcoins may not endure the five years but other altcoins will replace them to be in the top ten because people or investors are hungry of new investments to get more returns. Third, there are still many reasons that cryptos and altcoins will hold on until five years and even 10 years more.
September 04, 2019, 03:09:20 AM
Yes,,, he is partly right for sure. The only ones who will remember, mine and trade altcoins (99% of them) will be the investors and the developers. But those will probably keep moving on to new things.
It is not an unrealistic number. If we understand 4000 tokens, 1% is 40. I do not even really remember 40 big altcoin names!
It is not an unrealistic number. If we understand 4000 tokens, 1% is 40. I do not even really remember 40 big altcoin names!
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September 04, 2019, 03:06:34 AM
Most weak altcoin will be forgotten, and only strong altcoin will stay at the market. There will be a selection among the altcoin to be used as a way to help people to get money. The weak altcoin will get dump so hard in this bear market, and they cannot rise high as before but the strong altcoin will always trying to increase their price and with supports from the community, that altcoin will pass the bad situations and will be back to the higher price. We will see a new list on the cryptocurrency market, and we will know which altcoin that will stay at the market.
September 04, 2019, 02:11:37 AM
Many platforms and projects categorized as altcoins are actually shitcoins meaning they do not have real value and obviously just put up for the purpose of making money or getting funds from investors, nothing more. That is why many of them will eventually die, do some crazy exit scams and just downright fail big time. Without a solid use cases and market behind a platform, things has no place for real growth and bright future. Just because a project is into the blockchain and cryptocurrency does not mean that it will really succeed...the harsh market realities are saying otherwise.
September 04, 2019, 12:56:00 AM
What I find funny , is he thinks bitcoin will still exist in 5 years.
Bitcoin Business model has ever increasing energy costs, ever increasing ASICS costs, ever increasing warehouse costs,
with decreasing rewards and LN stealing transaction fees.
While it competes with services that do not have these problems.
I would agree 90% of all coins are dead in 5 years, with the possibility that bitcoin is one of the dead ones.
FYI:
ZEIT will be the Last Coin Standing.
https://www.youtube.com/watch?v=2QJlBpwIHYU
Bitcoin Business model has ever increasing energy costs, ever increasing ASICS costs, ever increasing warehouse costs,
with decreasing rewards and LN stealing transaction fees.
While it competes with services that do not have these problems.
I would agree 90% of all coins are dead in 5 years, with the possibility that bitcoin is one of the dead ones.
FYI:
ZEIT will be the Last Coin Standing.
https://www.youtube.com/watch?v=2QJlBpwIHYU
September 04, 2019, 01:58:18 AM
Everything Peter brandt said might be true and at the same time might be entirely wrong,he is just a human like us and we humans all have our own ways of viewing things,the future is totally unpredictable,in the past before 2017 many big men in crypto have said lots of things that haven't come to past in crypto space either ways hopefully i will still be alive in the next 5years to come to see what will happen so until then
September 04, 2019, 12:34:55 AM
I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten.
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby.
Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace.
The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices.
However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory.
According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time.
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.”
However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013.
Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point.
The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. 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.
Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/
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