Topic: The biggest problem of altcoins (Read 4875 times)
I think the biggest problem of alternative coins is there’s a lot coins in the market that easily spread out and not all of them are reliable source of coins because some of them are scammers.
Here you need to completely change everything and separate these two types of coins. Altcoins are regarded as an additional coin. But in fact, it’s time to figure out how to make this a separate type of monos with the possibility of withdrawing Fiat money without Bitcoin participation in this process.
in my opinion, it is necessary to invest in both coins . Bitcoin is the king of crypto ... and it has a direct link to the altcoins
....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
That will be hard to do, I mean how do you claim absolute freedom from something that you get your value from, it doesn't look possible but if there is one thing that I have learned in this market, it is that there is no telling what is possible. There might just be a coin that comes out and is absolutely independent of bitcoin but then again it would have to be dependent on another coin No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
I am sure that people mostly will answer that the biggest problem of all altcoins market is scam.. there too many scams and we are getting suspicious about alts..
One of the problems is that many of them are of no value and are created only for speculation, but there are really useful projects.
the problem found in altcoin is, the price is still dependent on the price of coins like ETH and others. well, that's normal, because most altcoins make coin platforms like ETH. only, the decline in price is always influenced by the price of eth.It will never to be an independent coin until it can create its own value.
....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
The bitcoin really affects everything in the market, when the bitcoin falls the altcoins will falls the same, sometimes others can't recover or survive. I think there is no need to blame these pump and dump groups, we have the rights to do anything with our coins. No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
One of the problems is that many of them are of no value and are created only for speculation, but there are really useful projects.
the problem found in altcoin is, the price is still dependent on the price of coins like ETH and others. well, that's normal, because most altcoins make coin platforms like ETH. only, the decline in price is always influenced by the price of eth. yes, maybe that can be the solution. but the problem is when you have to beat the value of bitcoin in the market, even the highest etherum as an altcoin is still difficult. even though there are many good altcoin projects that even bitcoin doesn't have but the value is still losing to bitcoin.
yes, because Bitcoin is the king of coins so Altcoin is difficult to match, even though Altcoin's capabilities are very good and Altcoin has good potential. not all Altcoins are bad and there are some that are very good and strong so they can survive. it's just that Bitcoin always occupies the top position and always has the highest value so that Altcoin is difficult to match.
yes, maybe that can be the solution. but the problem is when you have to beat the value of bitcoin in the market, even the highest etherum as an altcoin is still difficult. even though there are many good altcoin projects that even bitcoin doesn't have but the value is still losing to bitcoin.
I also think it is very important, at least we see the case of ETH that most of the ICOs are on this platform, allowing investors to make their transactions with ETH as well, but we see that it can happen when a crash in ethereum occurs like a few months ago, many alts also collapsed.
the biggest problem of our population and of humanoty os laziness i think but it has noyhing to do with the cryptocurrency world ....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
the biggest peoblen of all altcoin isnstandard market going up ajd down so i think that it will never actually disappear No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.
Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.
I also think it is very important, at least we see the case of ETH that most of the ICOs are on this platform, allowing investors to make their transactions with ETH as well, but we see that it can happen when a crash in ethereum occurs like a few months ago, many alts also collapsed.
Only one coin that looks very good in a such market in binance coin - BnB. You can check its charts during this year. It was moving itself without BTC impact.
Certainly that is one of the main problems with altcoins, that most exchanges are still with btc/alts parity so if you want to buy alts you always have to spend your money first on bitcoin and then invest in alts which is extremely inconvenient because the value of bitcoin also fluctuates too
One of the problems is that many of them are of no value and are created only for speculation, but there are really useful projects.
Alternative coins are very interesting and diverse. But it seems to me that at the moment they are experiencing a big fall due to the fact that people do not want to invest in them.
Here you need to completely change everything and separate these two types of coins. Altcoins are regarded as an additional coin. But in fact, it’s time to figure out how to make this a separate type of monos with the possibility of withdrawing Fiat money without Bitcoin participation in this process.
The transaction fee is what i do not like about Altcoins, it costs money to send the money out of an exchange. Exchanging two different coins does not seem cheap. 
The reason for this is because Bitcoin is the king of all cryptocurrencies and as a king it must always exact its dominance in the market. The movement of Bitcoin will always influence the trend of altcoins. Without Bitcoin there can't be altcoins.
Bitcoin is making all the coins popular, i picked that coin to have as my investment. The Altcoins are worth nothing compared to Bitcoin.
In fact, this dependence so big that altcoins have on the price and behavior of bitcoin should be an extra incentive to focus on the only cryptocurrency that has proven to be the most precious in this crypto-universe, bitcoin, because despite the supposed great advantages and improvements offered by the new cryptos, it seems that those who have decided to invest in them only do so in order to speculate and sell them as soon as they obtain the desired profits, only to buy bitcoins back.
And although that may be harmful in the end for all altcoins, the big winner will always be the King Bitcoin.
And although that may be harmful in the end for all altcoins, the big winner will always be the King Bitcoin.
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