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Topic: Reason behind ALTCOINS not bouncing Back (Read 711 times)

copper member
Activity: 966
Merit: 5
Referring to the first point, anyone can trade how he wants, people seeing that a project isn't living upto expectations can just dump and move on, so in this case, the trader is trading according to his plans. For your second point, every project is meant to be different or rather unique and this outstanding nature brings value to it, else it can easily be affected by many things such as lack of interest by the investors. Now about the last point, it is a reoccurring event nowadays, many projects can dump on their investors and start giving excuses while some in a bid to get funding ends up giving excess bonuses; this also affects the price of an altcoin terribly.
member
Activity: 125
Merit: 10
Altcoin market bouncing is not a new think in this trading side, It is an as usal incident to this market. So don't be panic time will ring the bell of up/down . Stay alert .
member
Activity: 129
Merit: 10
I have embracd your interpitation along my heart, There are little reason for ALTCOINS bouncing back but the little are so storng ! Your description about the speed of alcoins number "c" is strong reason according my analysis,  and Secondly major reason is "a". If we dominate those of reason if can be more effective for revive the altcoins base.
hero member
Activity: 2464
Merit: 550
Leading Crypto Sports Betting & Casino Platform
The last line where you stated that most project dump their coins is actually true. They are projects that people call "scam projects". All they do is run an ICO, release some crappy tokens and then once they have gathered enough money, they dump their tokens on the market to gain whatever they can and then finally runs away.
You will find hundreds of such project. Sadly, there are people out there who still falls for this kind of scams.

Even if the project are legit, it is just unfortunate that they will also dump, scam project ruined the reputation of ICO and worse it reach to the crypto market now, and that is the reason why even in IEO, a project is struggling to raise the funds they needed.
indeed it is very difficult to be able to avoid a project like that because some time ago I participated in a project that I think is very good because they have a platform that operates in the field of exchange and in my opinion this is really promising but some time ago this project was scam because forbid its users to withdraw their assets from this exchange.
hero member
Activity: 2856
Merit: 667
The last line where you stated that most project dump their coins is actually true. They are projects that people call "scam projects". All they do is run an ICO, release some crappy tokens and then once they have gathered enough money, they dump their tokens on the market to gain whatever they can and then finally runs away.
You will find hundreds of such project. Sadly, there are people out there who still falls for this kind of scams.

Even if the project are legit, it is just unfortunate that they will also dump, scam project ruined the reputation of ICO and worse it reach to the crypto market now, and that is the reason why even in IEO, a project is struggling to raise the funds they needed.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
The last line where you stated that most project dump their coins is actually true. They are projects that people call "scam projects". All they do is run an ICO, release some crappy tokens and then once they have gathered enough money, they dump their tokens on the market to gain whatever they can and then finally runs away.
You will find hundreds of such project. Sadly, there are people out there who still falls for this kind of scams.
member
Activity: 645
Merit: 10
Because everyone expects the in the growth of altcoins as it was before. But this will not happen. Now and so you can make good money on the jumps in the course of altcoins. Therefore, I do not understand why everyone is so actively waiting the bull run.
hero member
Activity: 2548
Merit: 572
#SWGT CERTIK Audited
Winklevoss twins predicted that altcoin season will start, medias are talking about new highs, everything seems that Bitcoin survived the worst, but again, think more. When everyone is positive, crash will happen, like in 2017. So do not fall into FOMO, people in the USA don´t have money for basic stuffs and they are not thinking about investing into BTC and other cryptos.  Roll Eyes
I think there are still many people who have lots of money it's just that for the main reason is because there is an outbreak of the corona virus which in my opinion still makes them afraid of entering into altcoin, but you can see that many altcoins are still cheap so this is a very moment it's good to buy altcoin and wait until the price goes up or the altcoin season starts.
newbie
Activity: 106
Merit: 0
Another reason is that the majority of alts correlates with BTC. While it stagnates/dump/pump those alts do the same.
sr. member
Activity: 966
Merit: 254
Winklevoss twins predicted that altcoin season will start, medias are talking about new highs, everything seems that Bitcoin survived the worst, but again, think more. When everyone is positive, crash will happen, like in 2017. So do not fall into FOMO, people in the USA don´t have money for basic stuffs and they are not thinking about investing into BTC and other cryptos.  Roll Eyes
newbie
Activity: 46
Merit: 0
The main reason is simple no demand for these tokens because they have no usecases. When Ethereum was pumping hard then t was because it was serving a demand that was ICO and we all know the amount of money that was raised through ICO then so people started buying to get into the next big thing, if there is no demand for these Altcoins like the ICO days then people need to forget the talk of $1000 Ethereum or Altcoin market doing 10X
Exactly here I can share you important tips which I am using to enter the trade
1: coinmarketcap
     I analysis the total marketcap of the coin, supply, and from start to present historical volume.
2. Macd cross over on 1 day, week , monthly chart.
3. Reading the transaction, on chain anaylsis
4. Hype in the market
5. Join the reddit, twitter, facebook reviews
6. After that I make decision to enter the trade just like an smart play
This is for big investment
For day trading Always using top 10 altcoin because it follows the btc.
I hope you will get knowledge from this content.
hero member
Activity: 2128
Merit: 530
PredX - AI-Powered Prediction Market
The main reason is simple no demand for these tokens because they have no usecases. When Ethereum was pumping hard then t was because it was serving a demand that was ICO and we all know the amount of money that was raised through ICO then so people started buying to get into the next big thing, if there is no demand for these Altcoins like the ICO days then people need to forget the talk of $1000 Ethereum or Altcoin market doing 10X
newbie
Activity: 46
Merit: 0
You dont hold the investors and they all have the rights to dump anytime they want to. And if they see the altcoin they hold make profit, why not sell it immediately? that is the purpos why they bought it and trade it.

Anyone can sell whenever they want and you cannot blame bitcoin for this. If you want to avoid dumping of alts, buy bitcoin.
I am always buy when bitcoin stable.
First of fall, all old altcoin is look like an old technology. I am always buy new technology like matic, wazirx, Fet and Celer. I know that prevoius bull run: all. Altcoin gave huge profits but this time depend on technology, research. I hope that you will learn from my content
legendary
Activity: 1974
Merit: 1150
There is too much fragmentation out there, and that is the reason why they are not bouncing back. For each niche domain, we have dozens of altcoins and tokens in circulation. So obviously the investment get fragmented. In the near future, I expect the vast majority of the less promising cryptocurrencies to die out. This will clean up the market a little bit and the remaining alts should rally once that happens.
There are tens to hundreds of new altcoin projects that are published every month and that will add a series of tokens and coins that are not valuable in the exchange. So I think there is no meaning if some altcoins die because there are dozens of other altcoins that are patched so that the events remain the same.

Finally, I have to say that most of altcoin is not a good investment asset even though altcoin is ranked at the top of CMC or the like.
member
Activity: 812
Merit: 10
BountyMarketCap
Well crypto market is cruel for most but i still believe that investors that will stay calm and patient will have the last smile, we are know that big bull trend is due and it is just a matter of time, it can be here in 6 months or in one or 2 years time but it will come so i would just say to hodl and we know market will be unstoppable when real bulls come and we all will be able to take profit at desired levels.
hero member
Activity: 966
Merit: 502
Since last few months almost majority of trader/Investor are seems like hopeless or bored from this dead marked, Expect whales or manipulator. Here are many are at safe side by making some decent moves during a little recovery season, But still a majority of peoples are in extreme loss or average loss. Here is many aspect behind the all scenario. A few are following:

        a) We always expect a big hit and don't trade according plan.
        b) Many strong projects are effected due to shitcoins performance.
        c) Altcoin will still remain dead due to Bitcoin's FOMO
        d) Worst reasoning why Alt market will not be bounce back at the position where it was before all this mess is
        Most project dump their whole supply in market on its investors.

Good points listed there I totally agree with all but I think we miss one crucial point which is the fact majority of these Altoona are profit oriented business for the owners and such their market behavior can't be accurately predicted (e.g. Matic)
member
Activity: 160
Merit: 10
Your topic is about altcoins back bouncing more acute analysis, It's reallly an inconvenient moment for the traders, If the altcoin being conducted according present it would be an impediment issue for the blockchain technology market, Everything is only focused on Bitcoin bully , if Bitcoin weakens than altcoin will automatically weaken too . To me the whole market is under a certain manipulative influence of large players for the alts to go down .
sr. member
Activity: 1974
Merit: 453
There is too much fragmentation out there, and that is the reason why they are not bouncing back. For each niche domain, we have dozens of altcoins and tokens in circulation. So obviously the investment get fragmented. In the near future, I expect the vast majority of the less promising cryptocurrencies to die out. This will clean up the market a little bit and the remaining alts should rally once that happens.
legendary
Activity: 2282
Merit: 1023
Even though Altcoins cannot mimic what they did during the late 2017 they are still somehow mirroring Bitcoin's movements the only difference is they aren't as high or as near in their ATHs when they are moving along with Bitcoin. The only thing I see why the bear market that was triggered after the 2017 bull run cause some kind of FUD that made a lot of demand go away from Altcoins
The top alt coin might mimic the bitcoin to a certain point but still i am not expecting some of the coins touching their previous all time high valuation as the situation is not the same and you cannot expect investors pouring in big amounts when the economy is going down and with the pandemic i doubt whether we will see a bitcoin rally like we used to see in the past, there are many variables that cannot be explained.
sr. member
Activity: 1036
Merit: 281
Do not expect that the majority of altcoins will recover during or after the crisis, it is normal to see that there are shitcoins that losing its value because of the low demand and not good liquidity. If we will trade or buy altcoins, make sure that it is part of the most traded where it has a high volume for us to say that there are buyers that are really interested to buy it. I only trading altcoins that have potential in the market in order for me to handle the risks very well.
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