REASON WHY ALTCOIN MARKET HARD TO SPECULATE

domoy77

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i am agree, real project that build problem solving will close by another shitcoin that maybe courage to pay marketing fee to alot influencer. to find one good project maybe need to observe more than 20 projects ,so it really take our time and energy alot

Researching 20 new projects is a very tiring thing and not even all of them will turn out as well as expected so it is still better to research all of them in your spare time so that not much time is wasted on new projects.
Because every project is always competing to be better and so that they won't be considered as Shitcoins like the others.

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Quote from: Vaskiy on April 18, 2022, 02:36:31 PM

Altcoins are hard to speculate, because of the oversupply. There are too many altcoins in the market. This makes potential altcoins less exposure from the public which affect its growth and market movements. There is no fundamental value as majority of the coins were of the cloned ones. With time we'll have better growth with altcoins, and this also gets connected with the market dominance of bitcoin.

i am agree, real project that build problem solving will close by another shitcoin that maybe courage to pay marketing fee to alot influencer. to find one good project maybe need to observe more than 20 projects ,so it really take our time and energy a lot

The utility is one of the greatest assets of any project and if the token is a utility coin it possibility of making it in the market is higher than just a pump project that does not have any physical reality and problem solutions. This is why many projects such as bnb ethereum with a few other utility base count/token is always relevant in the market

aditasetia123

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Quote from: Vaskiy on April 18, 2022, 02:36:31 PM

Altcoins are hard to speculate, because of the oversupply. There are too many altcoins in the market. This makes potential altcoins less exposure from the public which affect its growth and market movements. There is no fundamental value as majority of the coins were of the cloned ones. With time we'll have better growth with altcoins, and this also gets connected with the market dominance of bitcoin.

it is complicated to analize altcoin price due many factors as trigger for movement beside its supply. internal factors that come from developers side such as supply ,tokenomic, utility and etc. if dev team could not build it well investors will not give their money to project and offcourse price will stuck in a limited range. but i am agree with alot altcoin number its really make us difficult to find which one of them have potency to growth and give us multiply return. observing and research must upgraded to solve this problem.

Dinda mayasi

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Before many people discussed, many businessmen made coins, it was still very easy to predict because there were still few people who cheated or scammers. But now there have been many scammers making tokens suddenly the price goes up and even up to 500%. But after that, when many people came in to join in buying, suddenly they disappeared. These factors make people lose their confidence in the investment world by speculating for profit.

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Quote from: Vaskiy on April 18, 2022, 02:36:31 PM

Altcoins are hard to speculate, because of the oversupply. There are too many altcoins in the market. This makes potential altcoins less exposure from the public which affect its growth and market movements. There is no fundamental value as majority of the coins were of the cloned ones. With time we'll have better growth with altcoins, and this also gets connected with the market dominance of bitcoin.

Because supply does affect the price of altcoins in the market, moreover there are quite a lot of altcoins with excess supply compared to demand.
This makes investing in altcoins much riskier than Bitcoin, where Bitcoin has a limited supply but very high demand. Moreover, based on
coinmarketcap data, there are thousands of altcoins currently circulating, this makes a lot of altcoins circulating without clear functions, so it's not
surprising that we finally find a lot of scam projects. So in contrast to investing in Bitcoin which is much safer, we really have to be much more careful
when investing in altcoins. That's very important don't invest in altcoins because of the hype, but make sure the altcoins that we are going to buy are
really potential by doing research and analysis first. Don't let us regret investing in the wrong altcoins.

sovie

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Quote from: Odusko on March 06, 2022, 03:36:31 PM

This is based on personal observation and studies of the altcoin market of a period of 2017/22
Altcoins are said to be the alternative cryptocurrency aside from Bitcoin and many of the altcoins are decentralized and also centralized, unlike Bitcoin which is highly decentralized and out of the control of anyone be it the developer or government Bitcoin has a total circulating supply. But Altcoin is developed by individuals e.g Vitalik Buterin Ethereum developer and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.

I think you described the altcoins market too generally. Of course, there are many similar coins, but there are many that are completely different from each other. Of course, there are those that are constantly developing and there are some changes in the code, but the point is that they should be constantly improved.
I think I can agree with you that long-term speculation is more difficult on altcoins due to the human factor - we are just not sure when any developer will want to abandon project, for example.

Vaskiy

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Altcoins are hard to speculate, because of the oversupply. There are too many altcoins in the market. This makes potential altcoins less exposure from the public which affect its growth and market movements. There is no fundamental value as majority of the coins were of the cloned ones. With time we'll have better growth with altcoins, and this also gets connected with the market dominance of bitcoin.

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Quote from: yhiaali3 on April 16, 2022, 02:04:35 PM

Unlike bitcoin, altcoin is not reliable, not because it is highly volatile, but because most altcoins do not have real projects or a team that takes care of the coin constantly. In addition, there are many of them scam, except for some coins that have proven their value and position in the market such as ethereum and bnb, also there are altcoins that can be mined and have A fixed number such as ETC, BTG, ZEC and many others that have maintained a good rank in the market, there is a great similarity between Bitcoin and some altcoins in terms of mining and fixed Total Supply and the halving of mining rewards every four years, but the cryptocurrency market is generally volatile and the market should be studied well when Choose which coin to buy.

That is the main issue with altcoins, I mean I think we can all understand that new projects always carry a significant risk and as such they could disappear overnight, however when there is nothing behind the project, and this is the truth for the vast majority of the coins that we see in the market, then this is a dangerous tendency, after all regardless of the high levels of greed we see in this market at some point those people will learn their lesson and will begin to ignore altcoins completely as they simply do not see a way for those coins to remain in the market for the long term.

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Unlike bitcoin, altcoin is not reliable, not because it is highly volatile, but because most altcoins do not have real projects or a team that takes care of the coin constantly. In addition, there are many of them scam, except for some coins that have proven their value and position in the market such as ethereum and bnb, also there are altcoins that can be mined and have A fixed number such as ETC, BTG, ZEC and many others that have maintained a good rank in the market, there is a great similarity between Bitcoin and some altcoins in terms of mining and fixed Total Supply and the halving of mining rewards every four years, but the cryptocurrency market is generally volatile and the market should be studied well when Choose which coin to buy.

Odusko

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Quote from: Xal0lex on April 14, 2022, 01:46:17 PM

Quote from: Lanatsa on April 13, 2022, 03:53:15 PM

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

It's not about predictions. Any crypto asset is very hard to predict because the crypto market is unpredictable and very shaky. Everything can be going well, but then one piece of news ruins everything. A prime example is May 2021, when China announced a ban on cryptocurrencies.

But that's not the point of my previous post. The point is that most altcoins are created simply to make a quick buck from the crowd, the hype, and the trends. All these altcoins have no other idea than to get rich quickly and they don't solve any problems. Something similar is now happening in NFT. Most of these tokens are worth absolutely nothing (except for their minting value), but for some reason, the owners of these NFTs value their tokens so highly.

You are right one can not identify the usage of most of the altcoins in the market today as most of them are created as a joke and yet made the developer huge money but the ultimate investors wallowing in waiting for when the price of those coins will rise to a new all-time high and the waiting have no timeline because the crypto market is a highly volatile one

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Quote from: ||bit on April 13, 2022, 05:28:47 PM

Actually bitcoin or crypto is not hard to learn,just your mind should be broad minded.Only convective will not accept the new technology.Because they will defend the old technology is best then new one.Even many people not brought of bitcoin at the beginning of launch.Only by this way,once the price increase to huge numbers.So accepting the new technology at the beginning,you will earn huge at end.

If the Price of bitcoin was raised to 2000$,the increase in altcoin will be 10 dollars.When the pump occurs,their will be dump also.It’s like the Newton third law.So the dump of bitcoin with the price of 500$,but the reflection of the Altcoin will reduce 20 dollars.So the rise and fall in bitcoin is not huge and most the dump of the price.The price variation of the altcoin is huge in dump and pump.

Xal0lex

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Quote from: Lanatsa on April 13, 2022, 03:53:15 PM

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

It's not about predictions. Any crypto asset is very hard to predict because the crypto market is unpredictable and very shaky. Everything can be going well, but then one piece of news ruins everything. A prime example is May 2021, when China announced a ban on cryptocurrencies.

But that's not the point of my previous post. The point is that most altcoins are created simply to make a quick buck from the crowd, the hype, and the trends. All these altcoins have no other idea than to get rich quick and they don't solve any problems. Something similar is now happening in NFT. Most of these tokens are worth absolutely nothing (except for their minting value), but for some reason the owners of these NFTs value their tokens so highly.

sana54210

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Quote from: Odusko on April 13, 2022, 08:07:51 AM

Quote from: Woodie on April 10, 2022, 02:05:44 PM

Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

The reality is that if you are investing into stuff that are trustworthy and not scams then most of the time it goes up and down according to the market movements. Definitely there could be percentage difference when one goes up 10% other could go up 15% and that is the one you want to get, but the movement is same between them and the difference is minimal and not gigantic difference most of the time.

This is how people make their money by speculating altcoins, things that are legit and top ranked will move together and they buy whichever they think will go up the biggest. I do not know which one will be the highest earner but it just around the same anyway.

||bit

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Actually bitcoin or crypto is not hard to learn,just your mind should be broad minded.Only convective will not accept the new technology.Because they will defend the old technology is best then new one.Even many people not brought of bitcoin at the beginning of launch.Only by this way,once the price increase to huge numbers.So accepting the new technology at the beginning,you will earn huge at end.

Lanatsa

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Quote from: Xal0lex on April 13, 2022, 02:47:48 PM

Quote from: Odusko on March 06, 2022, 03:36:31 PM

This is based on personal observation and studies of the altcoin market of a period of 2017/22
Altcoins are said to be the alternative cryptocurrency aside from Bitcoin and many of the altcoins are decentralized and also centralized, unlike Bitcoin which is highly decentralized and out of the control of anyone be it the developer or government Bitcoin has a total circulating supply. But Altcoin is developed by individuals e.g Vitalik Buterin Ethereum developer and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.

It is safe to say that 99% of altcoins are created for speculation and have only financial interest. A group of developers creates some project on a wave of hype, hoping to make quick money on the altcoin industry. That is why we see how altcoins rise in price very quickly (making x100-x1000) and also fall quickly. Sometimes after they fall, they don't grow anymore, as developers start to create a new project that meets new market interests. Let's say that altcoins are not good for long term investments, because they are centralized, prone to hacks, lose relevance, etc. Only a small percentage of altcoins have long-term goals.

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

Xal0lex

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Quote from: Odusko on March 06, 2022, 03:36:31 PM

This is based on personal observation and studies of the altcoin market of a period of 2017/22
Altcoins are said to be the alternative cryptocurrency aside from Bitcoin and many of the altcoins are decentralized and also centralized, unlike Bitcoin which is highly decentralized and out of the control of anyone be it the developer or government Bitcoin has a total circulating supply. But Altcoin is developed by individuals e.g Vitalik Buterin Ethereum developer and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.

It is safe to say that 99% of altcoins are created for speculation and have only financial interest. A group of developers creates some project on a wave of hype, hoping to make quick money on the altcoin industry. That is why we see how altcoins rise in price very quickly (making x100-x1000) and also fall quickly. Sometimes after they fall, they don't grow anymore, as developers start to create a new project that meets new market interests. Let's say that altcoins are not good for long term investments, because they are centralized, prone to hacks, lose relevance, etc. Only a small percentage of altcoins have long-term goals.

Psynthax

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In my opinion when the volatility became the main reason why altcoin markets are very hard to speculate. The trend change can happen in short time and this is even making the bullish trend can sometime become bearish trend due to the various reason. people aware about how volatile the altcoins are. Some people are even only using TA to predict the direction of altcoins while the fact that all of things related with crypto are affecting the altcoins.
Just like when some altcoins became bullish but when bitcoin become bearish at the same time and this is making those altcoins become bearish instantly as people are feeling worry with the bearish trend

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Quote from: Odusko on April 13, 2022, 08:07:51 AM

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

Speculation of altcoins is sometimes an uncertain thing so there is no need to fully believe it before a belief arises in one's heart because speculation only talks about things that have happened and are likely to happen again.
So the certainty and guarantee is also not in any speculation.

Odusko

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Quote from: Woodie on April 10, 2022, 02:05:44 PM

Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

Woodie

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Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

Topic: REASON WHY ALTCOIN MARKET HARD TO SPECULATE (Read 809 times)