REASON WHY ALTCOIN MARKET HARD TO SPECULATE - page 3.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

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

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.

Is this saying that bitcoin is able to be speculated? Because the total supply is known and can not be manipulated also ?
I don't think that bitcoin is able to be speculated.

However the reason for altcoins not be able to be speculated is obviously. Apart that most don't have certain supply, they are centralized and control by developers not even team e.g ripple.

newdevices

full member

Activity: 1048

Merit: 102

Quote from: super bako on March 18, 2022, 10:20:53 PM

Quote from: Oceat on March 16, 2022, 01:10:19 PM

Quote from: gamer4156 on March 14, 2022, 09:34:27 AM

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Well, I think that most of these altcoins are easy to manipulate due to the hype of someone who's much more influential than normal people. We've seen Elon Musk as one of example who do hype the altcoins by investing on it but we never know when he would take those investment back just like what he did to Bitcoin a few years ago.

And most of the time Bitcoin price movement influence the flow of most altcoins.

Elon Musk's twetts are still altcoins today, and a lot of people are waiting for Elon Musk's twetts to throw a tantrum again. The hype of a billionaire is so amazing that it can attract a lot of people and I hope you stay careful and there are always risks along the way.

The impact is indeed extraordinary from Elon Musk's tweet which happened when Elon Musk posted a tweet about Dogecoin,
At that time the price immediately experienced a tremendous increase,
but for now in this way it still works and the most important thing is that what you say is true, stay careful

super bako

member

Activity: 1316

Merit: 10

Quote from: Oceat on March 16, 2022, 01:10:19 PM

Quote from: gamer4156 on March 14, 2022, 09:34:27 AM

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Well, I think that most of these altcoins are easy to manipulate due to the hype of someone who's much more influential than normal people. We've seen Elon Musk as one of example who do hype the altcoins by investing on it but we never know when he would take those investment back just like what he did to Bitcoin a few years ago.

And most of the time Bitcoin price movement influence the flow of most altcoins.

Elon Musk's twetts are still altcoins today, and a lot of people are waiting for Elon Musk's twetts to throw a tantrum again. The hype of a billionaire is so amazing that it can attract a lot of people and I hope you stay careful and there are always risks along the way.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Odusko on March 13, 2022, 06:02:06 AM

Thanks for your comments and also your views, am very happy we are here now and will keep learning to improve our well being, information is power most especially in the cryptocurrency world. Altcoin market has been the most volatile since its boom in 2017 ever since the ico era many projects have come some maintained a long period of their presence in the market others gets dumped quickly. This has made speculation of the altcoin market difficult.

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.

Bitstar_coin

hero member

Activity: 2478

Merit: 695

SecureShift.io | Crypto-Exchange

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.

First of all, btc was created by humans too (person or people) just because they are anonymous does not erase that fact. btc is completely decentralized but a good portion is in the hands of whales who can also influence the price in some ways.
Alts are mostly pegged to btc and whatever is happening with btc price will also affects price of alts, and don't forget unlike btc with multiple use case, most alts don't have utility, thus, speculating about the price of alts depends on how btc perform.

Chato1977

member

Activity: 1162

Merit: 58

Quote from: ?? on ??

Quote from: Chato1977 on March 06, 2022, 11:05:55 PM

Because altcoin world is too large comparing to single currency on top BITCOIN, how can you speculate a thousand currencies when bitcoin is just there always to show what is the movement in front of us.

Bitcoin is still a coin that cannot be beaten by many altcoins now because what is seen in the market is very accurate evidence that when Bitcoin starts to move up, the altcoins follow it and vice versa, so obviously altcoins will not be able to beat Bitcoin if the movement path is still like that

I think there are no one who mentioned that bitcoin can be beaten by altcoin because what we are talking here is speculative only meaning for altcoins and not concerning what would be for bitcoin.

Quote from: Republikcoin.com on March 13, 2022, 04:45:44 AM

Quote from: Odusko on March 11, 2022, 05:26:52 PM

Yes you are right hard it been I was opportune to know about this forum way back in 2015 I will have indeed be in a better position by now, but that notwithstanding I still consider myself to be among the early bird in this forum as many other cryptocurrency enthusiasts are not yet aware of the existence of this forum and in the next couple of years from now I will attain that rank I don't know how but am certain I will rank up some days.

Your enthusiasm seems to be very high for now, especially with the many experiences in the past, it is certain that there will be the best path that you can take from now on.
I'm sure you will be able to and can live it over time and one more thing I apologize for the misunderstanding in your previous comment.

it is nice seeing good posters accepting their mistakes , and being corrected is a big help

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: traderethereum on March 09, 2022, 01:00:38 AM

If you keep an eye on many altcoins, it can leave you confused about when to trade.
Nowadays, altcoins are becoming more difficult to predict or analyze because they follow the movement of bitcoin, which is also difficult to analyze.
The number of new altcoins appearing on the market is one of the factors that trigger difficulties in speculating which altcoins have good movements and can go up and down as we want.
Traders and investors always want altcoins that have good movement in the market. Still, it is hard to come by because if the movement of bitcoin is unstable, this also makes the altcoin position unstable.
And that means altcoins will be more difficult to analyze but we can still buy and hold altcoins for a while and wait for the price to rise so we can sell them for profit.

Trying to trade too many markets is a classic mistake of newbies, by doing that you are spreading your resources to the limit without really obtaining any kind of benefit out of it, it is better to concentrate at first just in bitcoin, and then once you have proven to yourself you can obtain some profits with it then you could move to altcoins like ethereum, and once you prove your worth there are as well then you could move to more risky altcoins, but of course this process is too slow for newbies and only a minority does something like this.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: gamer4156 on March 14, 2022, 09:34:27 AM

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Well, I think that most of these altcoins are easy to manipulate due to the hype of someone who's much more influential than normal people. We've seen Elon Musk as one of example who do hype the altcoins by investing on it but we never know when he would take those investment back just like what he did to Bitcoin a few years ago.

And most of the time Bitcoin price movement influence the flow of most altcoins.

lombok

sr. member

Activity: 882

Merit: 326

Besides that, I think there is something we often forget about why altcoins are not easy to predict, because apart from their declining popularity, there are other new projects with the same scope but better than the project. Then our basic analysis on the altcoin, we trade or speculate on the alt/usdt pair but forget the alt/btc pair, sometimes whales or big funds play with the Alt/BTC pair which makes the altcoin go up and down drastically plus the volatility of the BTC price at that time. it also really determines the price movement on the altcoin (alt/usdt).

This is what I believe related to market speculation. There are many things to be aware of.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: masterrex on March 13, 2022, 10:59:40 AM

IMO, the crypto industry has a lot of tricks and speculation is one of them, and thats a normal thing in crypto, since the value of coins come from the speculation of the investors, that's why it's not that hard to speculate the hard part was how to maintain that positivity of speculatory value for a particular Altcoin because most of the time crypto prices will fall sharply without warning and for me that one is hard to predict base on the market movement. thats why we must be aware of it.

Not being regulated means that people who have the money could manipulate and speculate however they want. I talked about this before in many different places and it is so simple to speculate the market if you have the money for it. When you have like a million dollars, and a fake bad news, all you have to do is talk with some news places both in crypto and in the real world and pay them to release that bad news all together at the same day.

The price would fall because of that bad news and you would have millions of dollars in short futures and can recoup it back. The main reason to trade careful is because of these rich people doing shady work.

bitgolden

legendary

Activity: 2996

Merit: 1132

Leading Crypto Sports Betting & Casino Platform

Quote from: Odusko on March 13, 2022, 06:02:06 AM

Quote from: Republikcoin.com on March 13, 2022, 04:45:44 AM

Your enthusiasm seems to be very high for now, especially with the many experiences in the past, there will certainly be the best path that you can take from now on.
I'm sure you will be able to and can live it over time and one more thing I apologize for the misunderstanding in your previous comment.

Thanks for your comments and also your views, am very happy we are here now and will keep learning to improve our well being, information is power most especially in the cryptocurrency world. Altcoin market has been the most volatile since its boom in 2017 ever since the ico era many projects have come some maintained a long period of their presence in the market others gets dumped quickly. This has made speculation of the altcoin market difficult.

Much respect op

The problem with the motivation you may have right now to learn more, is that most people lose it in the future. It may take a few days, or few weeks, few months or even few years. But, unfortunately people end up losing their excitement about crypto in the long run.

This is why I believe that we should not really be focusing on just your motivation, but get yourself habit of doing these things. Learn something about crypto every single day, and make it a habit, just get used to it, just assume that is like part of your life like breathing, eating, drinking, toilet and so forth. I am not even talking about like watching TV level, you may miss that some days and not do that, but like breathing, where you HAVE TO do it. Laziness never brings in any money.

gamer4156

sr. member

Activity: 1008

Merit: 250

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Erumo

member

Activity: 564

Merit: 50

It is hard to speculate with altcoin, because cryptocurrency market has thousands of them, which are more or less can be seen (from coinmarketcap for example), and even more alts that are not traded and known to anyone, except bunch of lunatics. The powers and funds is spread on the market, like oil on frying pan, and no matter how hard you will try to get it in one place, it will spread everywhere. You can control what is spread everywhere.

masterrex

full member

Activity: 1820

Merit: 107

IMO, the crypto industry has a lot of tricks and speculation is one of them, and thats a normal thing in crypto, since the value of coins come from the speculation of the investors, that's why it's not that hard to speculate the hard part was how to maintain that positivity of speculatory value for a particular Altcoin because most of the time crypto prices will fall sharply without warning and for me that one is hard to predict base on the market movement. thats why we must be aware of it.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Republikcoin.com on March 13, 2022, 04:45:44 AM

Your enthusiasm seems to be very high for now, especially with the many experiences in the past, there will certainly be the best path that you can take from now on.
I'm sure you will be able to and can live it over time and one more thing I apologize for the misunderstanding in your previous comment.

Thanks for your comments and also your views, am very happy we are here now and will keep learning to improve our well being, information is power most especially in the cryptocurrency world. Altcoin market has been the most volatile since its boom in 2017 ever since the ico era many projects have come some maintained a long period of their presence in the market others gets dumped quickly. This has made speculation of the altcoin market difficult.

Much respect op

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Odusko on March 11, 2022, 05:26:52 PM

Yes you are right hard it been I was opportune to know about this forum way back in 2015 I will have indeed be in a better position by now, but that notwithstanding I still consider myself to be among the early bird in this forum as many other cryptocurrency enthusiasts are not yet aware of the existence of this forum and in the next couple of years from now I will attain that rank I don't know how but am certain I will rank up some days.

Your enthusiasm seems to be very high for now, especially with the many experiences in the past, it is certain that there will be the best path that you can take from now on.
I'm sure you will be able to and can live it over time and one more thing I apologize for the misunderstanding in your previous comment.

tbterryboy

sr. member

Activity: 2030

Merit: 323

Quote from: TastyChillySauce00 on March 11, 2022, 05:31:56 PM

Quote from: 7deadlyBTCIN on March 10, 2022, 08:26:50 AM

Altcoins lose value faster than BTC is that's what you need to hear,

People are massively converting their tokens to the bitcoin once the bear occured. People are using bitcoin as the place to keep the value from the bear market. The bear market itself was triggering by bitcoin. This is also making the altcoins dropping so hard compared with bitcoin. That means once they are able converting their altcoins to the bitcoin mean they will be a winner as they can buy back at the cheap price.

Quote from: 7deadlyBTCIN on March 10, 2022, 08:26:50 AM

a 10% loss in price of BTC can tank 30% or more off any altcoins this is why I only invest 30% of money into altcoins and 70% into BTC, the best store of value after stable coins is BTC.

Agreed and altcoin suffer more lose once the bad news are coming at the same time. I have seen even some lose more than 70% as well. Diversifying our portfolios looks a good idea but remember more risk and more gain.

That is mainly the fear of not knowing which coin will survive and which token will fail. This is why most people end up changing their crypto holdings into either btc, or stablecoins. This way you are aware that you will end up with something that will survive no matter what.

Obviously it is not going to be that easy, obviously we are going to end up with some things that will lose us some money. But that doesn't mean that we can't be picking the most careful ones. Even if BTC goes down, even if inflation causes our stablecoins to be "valued" lower (the amount can't go down since it is stable) that means we are at least at the most riskless thing.

FanEagle

legendary

Activity: 2884

Merit: 1117

I do agree that you do not have to be active just because you were once around. You could even ignore most other stuff and still be "active" without much grind. Just be around, and talk about some funny stuff, buy bitcoin alone, and stay away from all the drama and you would be even "active". Hell you could only use the bitcointalk forum for the sports and gambling part, in which case you would not be aware of altcoins aside from which one to use for depositing or withdrawing.

This is why I understand people who do not really have any agreement or not. Doing something like this is understandable, not everyone has to really follow the market all that well like us.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: 7deadlyBTCIN on March 10, 2022, 08:26:50 AM

Altcoins lose value faster than BTC is that's what you need to hear,

People are massively converting their tokens to the bitcoin once the bear occured. People are using bitcoin as the place to keep the value from the bear market. The bear market itself was triggering by bitcoin. This is also making the altcoins dropping so hard compared with bitcoin. That means once they are able converting their altcoins to the bitcoin mean they will be a winner as they can buy back at the cheap price.

Quote from: 7deadlyBTCIN on March 10, 2022, 08:26:50 AM

a 10% loss in price of BTC can tank 30% or more off any altcoins this is why I only invest 30% of money into altcoins and 70% into BTC, the best store of value after stable coins is BTC.

Agreed and altcoin suffer more lose once the bad news are coming at the same time. I have seen even some lose more than 70% as well. Diversifying our portfolios looks a good idea but remember more risk and more gain.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Republikcoin.com on March 10, 2022, 04:51:52 AM

Quote from: Odusko on March 10, 2022, 04:05:17 AM

I first heard and read about Bitcoin in 2015 and since then I have gained a lot of knowledge about Bitcoin so I was well informed when the altcoin boom of 2017 happened, quite a large number of cryptocurrency users are not aware of this forum but gradually they beginning to be aware of bitcointalk and are coming on board.

It would be amazing if you had time to enter this forum in 2015, so you can be at Legendary rank for now and get a lot of benefits through bounties in 2017. But I saw you enter this forum on December 12, 2021, and that is too late in my opinion.
So how did you find out about the altcoin boom of 2017 Huh

because I think it's very strange.

Yes you are right hard it been I was opportune to know about this forum way back in 2015 I will have indeed be in a better position by now, but that notwithstanding I still consider myself to be among the early bird in this forum as many other cryptocurrency enthusiasts are not yet aware of the existence of this forum and in the next couple of years from now I will attain that rank I don't know how but am certain I will rank up some days.

Topic: REASON WHY ALTCOIN MARKET HARD TO SPECULATE - page 3. (Read 809 times)