REASON WHY ALTCOIN MARKET HARD TO SPECULATE - page 2.

South Park

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Quote from: Viscore on April 09, 2022, 06:53:29 PM

Quote from: livingfree on March 07, 2022, 06:41:40 PM

Many of the altcoins are centralized and investors of it doesn't see that factor. Because, in most of the perspective of investors, they're just mere investors and doesn't have to be looking at the technical side of it so that doesn't really matter at all.

The one big reason why alt market is hard to speculate is it's prone to manipulation which is really happening at most times.

And definitely, the altcoin market is the favorite ground for scammers. This makes most of the altcoins are based on fuds and hypes. And since they can be easily manipulated with greedy and profit centered developers, altcoins are mostly low valued and eventually end up losing their value since there are no demands from the community.

Unfortunately what was supposed to be a testing ground for new features and see in practice if they worked or not and they could eventually be added to bitcoin was turned into the scammers paradise that we see today, however we need to also recognize that if it was not for the greedy people looking for easy profits such a thing would have ended a long time ago, but since people are still trying to look for a coin which gives them 100x profits then it does not seems as if we are ever going to see the end of it and scammers will keep dominating the altcoin market.

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Quote from: livingfree on March 07, 2022, 06:41:40 PM

Many of the altcoins are centralized and investors of it doesn't see that factor. Because, in most of the perspective of investors, they're just mere investors and doesn't have to be looking at the technical side of it so that doesn't really matter at all.

The one big reason why alt market is hard to speculate is it's prone to manipulation which is really happening at most times.

And definitely, the altcoin market is the favorite ground for scammers. This makes most of the altcoins are based on fuds and hypes. And since they can be easily manipulated with greedy and profit centered developers, altcoins are mostly low valued and eventually end up losing their value since there are no demands from the community.

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Quote from: South Park on April 01, 2022, 01:29:02 PM

Quote from: Oilacris on March 24, 2022, 04:56:02 PM

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

That is the sad truth about this market, people believe what the developers tell them about the prospects of their project and then they blindly invest in the project believing it is the next bitcoin or ethereum, but as months pass by they soon realize they made a mistake, but by the time they do so it is too late as most coins have a tendency to have a sharp drop in their price after they are released to the markets, now whether this happened because the developers were scammers or did not knew what they were doing does not really matter, because at the end the results that you will get will be the same.

This is why altcoin is hard to speculate because the ethereum block chain give developers the control over everything and some of the team members will never go inline with their promises to investors or even follow the project road map. It is a sad situation that the scam that has happened in the altcoin market have no equal and is on a high note.

South Park

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Quote from: Oilacris on March 24, 2022, 04:56:02 PM

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

That is the sad truth about this market, people believe what the developers tell them about the prospects of their project and then they blindly invest in the project believing it is the next bitcoin or ethereum, but as months pass by they soon realize they made a mistake, but by the time they do so it is too late as most coins have a tendency to have a sharp drop in their price after they are released to the markets, now whether this happened because the developers were scammers or did not knew what they were doing does not really matter, because at the end the results that you will get will be the same.

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Quote from: feelideb on March 27, 2022, 11:53:18 AM

Altcoin market as whole is gaining a lots of traction and improvement and development are more rapid in altcoin. Despite these development, altcoin is still largely reliant on the price of bitcoin. Altcoin has come so far with ethereum leading as of one the best altcoin. Speculating altcoin may not as difficult as they tend to move in a pattern that is easy to speculate on.

That's right we can see that when the price of Bitcoin increases, the altcoins also experience the same thing,
even so not all altcoins but only a few like the top altcoins,
but what is clear if we look so far altcoins are really growing

feelideb

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Altcoin market as whole is gaining a lots of traction and improvement and development are more rapid in altcoin. Despite these development, altcoin is still largely reliant on the price of bitcoin. Altcoin has come so far with ethereum leading as of one the best altcoin. Speculating altcoin may not as difficult as they tend to move in a pattern that is easy to speculate on.

monineklutak

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Quote from: wmaurik on March 26, 2022, 09:01:33 PM

Quote from: Irazzzta on March 22, 2022, 01:55:33 PM

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

Holding the asset and waiting for the price trend to rise again is the last resort and it definitely requires more time and patience with it.
Because the FOMO effect should always be taken advantage of from the start because it always doesn't last long in the market because declines and increases are always closer to happening in the market.

when the market is bearish the altcoin that you hold will be in vain, because the altcoin will also experience a continuous decline,
this you can see in history a few years ago when the price of Bitcoin was bearish, it was unavoidable,

because the price of altcoins followed the price of Bitcoin, Bitcoin goes up then Altcoins will be safe,
if Bitcoin goes down Altcoins will also dump

henmark

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Quote from: ivankoh on March 25, 2022, 09:53:19 AM

Altcoins are also largely decentralized across multiple categories, the main blockchain on the ecosystem, and the derivative altcoins that are born on top of them. Most altcoins these days are actively oriented by the DAO standard and completely decentralized, this is not the next trend to quantify altcoin appeal but it makes a difference because if one something is created and you are part of the full development of the project. Independent and cannot be interfered with in any way. I think that is the future behind the altcoin market. I think that's how altcoins can sustainably grow.

To be honest I like the idea of this DAO because users have the right to vote, they are in control of the coin and not mostly its founders. We are sure that less manipulations are going to occur and this makes the coin easy to speculate.

We have several DAO coins but their growth is still the same, it's not sustainable because there are times that their value can dump just like a typical crypto. So, making use of this trend only for time being may help and then we need to switch over to a new trend. This is how the entire altcoin industry is working.

@OP the altcoin market doesn't revolve around eth but they are all separated because not all alts are centralized. If we think eth is hard to speculate and centralize then we should avoid this coin but we should go on the altcoin that is more easier to speculate and more decentralize if that's the way to make more profits.

wmaurik

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Quote from: Irazzzta on March 22, 2022, 01:55:33 PM

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

Holding the asset and waiting for the price trend to rise again is the last resort and it definitely requires more time and patience with it.
Because the FOMO effect should always be taken advantage of from the start because it always doesn't last long in the market because declines and increases are always closer to happening in the market.

Xal0lex

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Quote from: Oilacris on March 24, 2022, 04:56:02 PM

Quote from: lalabotax on March 24, 2022, 04:02:56 PM

Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

Investing in altcoins that have already come out is a risk because you can buy an altcoin at a higher price and when a massive market correction happens, you can stay in unprofitable coins for a long time. And investing in young projects is a risk that you will lose your entire investment altogether because the developers decided not to keep their promises and not to follow the roadmap.

I like how there is a new scheme for young projects lately, where investments raised for the team are locked and unlocked in part as they deliver on promises and meet the roadmap. The project won't be able to take all the money raised and run away at once.

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Altcoins are also largely decentralized across multiple categories, the main blockchain on the ecosystem, and the derivative altcoins that are born on top of them. Most altcoins these days are actively oriented by the DAO standard and completely decentralized, this is not the next trend to quantify altcoin appeal but it makes a difference because if one something is created and you are part of the full development of the project. Independent and cannot be interfered with in any way. I think that is the future behind the altcoin market. I think that's how altcoins can sustainably grow.

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Quote from: lalabotax on March 24, 2022, 04:02:56 PM

Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

lalabotax

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Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

Quote from: Xal0lex on March 24, 2022, 02:11:05 PM

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

Xal0lex

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Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins. Also, almost all altcoins do not work well as a long-term investment because they depend on cryptocurrency hype. It's no secret that many altcoins are created solely for developers to make money from the hype. Altcoins do not have strong supports and can fall indefinitely, up to extreme lows, especially various shitcoins.

Based on all of this, we can say that the entire altcoin industry was created solely for speculation.

South Park

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Quote from: redsun114 on March 22, 2022, 05:04:32 PM

Quote from: ?? on ??

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

Unfortunately there are too many people who invest into something just because Elon said so. This is a bad move and should not happen and I condone it but it is the reality. Some people know what you are saying, they know that it will skyrocket because of the pump, and then it will go down and that is how you will lose your money but at the end of the day we are talking about a situation where he will be pumping no matter what.

So, what do people do? They know it is a fake pump, they know it will go down, and even with all those information they get in so that they could ride the pump and then dump it on people and get out before it's too late. Some do it greatly and make a profit, some lose a lot of money.

In my opinion this is an unforgivable mistake, after all I can understand that if a person does not know any better they may try to do something like this to try to earn money in the markets, but those that know what is going and still decide to invest in a coin just because Elon posted a tweet are committing an incredibly mistake, after all even if you know what is going on that does not mean that you will obtain profits, in a way this is similar to those people that know they are investing in a Ponzi scheme but they still do it with the hopes of doing so early enough and being able to obtain profits that way.

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Quote from: Irazzzta on March 22, 2022, 01:55:33 PM

Quote from: ?? on ??

The losers are those who buy late and are late in taking advantage of a good moment so there will be no profit at all for them even if they buy in large quantities, but different things might happen when people take advantage of that moment at first, because they have already clearly benefited when the price increased.

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

Unfortunately there are way too many people who think that they could end up buying when the price starts to go up and they are usually late. If it goes from 38k to 70k then yes, you could buy at 42k and make a lot of profit from that and the idea stands. However, if it goes between 38 to 42 and goes back to 38 and repeat that, then when they see it going up and buy at 42, it is already too late because it is about to go down.

Plenty of people lost money during this period doing these type of deals. I do not believe that we should be buying when the price is going up, we should buy it when it is going down so that we could make a lot more profit when it starts to go up.

redsun114

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Quote from: ?? on ??

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

Unfortunately there are too many people who invest into something just because Elon said so. This is a bad move and should not happen and I condone it but it is the reality. Some people know what you are saying, they know that it will skyrocket because of the pump, and then it will go down and that is how you will lose your money but at the end of the day we are talking about a situation where he will be pumping no matter what.

So, what do people do? They know it is a fake pump, they know it will go down, and even with all those information they get in so that they could ride the pump and then dump it on people and get out before it's too late. Some do it greatly and make a profit, some lose a lot of money.

Irazzzta

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Quote from: ?? on ??

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

The losers are those who buy late and are late in taking advantage of a good moment so there will be no profit at all for them even if they buy in large quantities, but different things might happen when people take advantage of that moment at first, because they have already clearly benefited when the price increased.

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

ajochems

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The idea was not cahnged, some new beginners was scammed by fake project. Only thing to escape from this is background verification of the people involved in the project.If you find the profile added was a scammer or fake person.The it was obvious the project also the scam one.When you find the scam project, then your money is safe and you can inverse on any of good project and hold for long to get a profit.

lixer

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Quote from: Republikcoin.com on March 18, 2022, 06:35:00 AM

Now things have almost changed with the many new concepts that have been introduced into the crypto space. So that concepts like ICO no longer exist in the new campaign and the team has changed and replaced it for a better one like the current IDO.
In 2017 there were indeed many unique events that could serve as the experience of everyone who had been in crypto at that time.

It is not really that much "changed", the idea is the same, you pay some people to buy their project from them and they make money and you hope that you will get some profit out of that while they are guaranteed to make money, and you hope that they will use that money to make the project better.

There is zero decentralization, they just give you something and you look up to them to make something with that money. Did we pay satoshi to do bitcoin? Did we pay eth? We just let them happen and they grew organically, same with ltc, or monero or any of the old ones. To this day all the new projects asks you to give them money and that is the biggest problem.

Topic: REASON WHY ALTCOIN MARKET HARD TO SPECULATE - page 2. (Read 809 times)