Topic: The biggest problem of altcoins - page 14. (Read 4912 times)
I agree with you, but for the moment I don't think much can be done, as most exchanges sell alts with bitcoin or ethereum, as long as this parity remains the same, alts will always be affected by bitcoin ups and downs, That's why we need the alts to be tradable by fiats, but that's complicated by the number of alts in the market, I think that could be achieved if there were a maximum of 10 alts in the market, I think coinbase tries to do something similar, but it's still in progress.
I largely agree with what you wrote, Altcoins really depend heavily on BTC, because it is the leading element of the market. However, soon, I suppose all this will change.
We can say that the day when Ethereum becomes independent of Bitcoin will be the biggest day in the history of cryptocurrency. This will put an end to the autocracy of Btc
Scam is the biggest problem of ICO. It is better to choose them when buying
I saw month ago - NEO has done it pretty good , i mean it did not fall in price, when BTC went down and dragged all altcoins with him. For me this is a good sign , that coin gained the power and not so dependent from Bitcoin.
NEO is fine, it tends to have news from time to time, so it pays to be watching the twitter and the official channels to know how will it move. It is a good one.
One day there will come a period when one of the altcoins, for instance ethereum, overwhelms bitcoin capitalization and afterward the reliance on bitcoin will be much lower. Bitcoin isn't the most innovatively propelled coin, it would be sensible if in a few years it loses its situation in the main 1.
....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.
I might have agreed to it if btc’s position was stable right now. See there are coins like Lamden, Power house and Wanchain that are going to be listed on new exchanges and are working excellently in the market. 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.
....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.
I will not completely agree to this. You can see some coins are literally taking the edge right now and btc’s position is not pretty good. Coins like PRG, ICX and LISK shall rise very soon and can easily dominate the market.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.
At the moment people know without risk nobody can make a profit so most of the business is risky.
Today, Altcoin is experiencing a lot of problems making their value more and more signs of going down. It is probably because governments and banks are harsh about cryptocurrency. However, this decline in value may have been around for a few months, possibly in the late months of 2018, with the value of Bitcoin and altcoin likely to return.
Each and everything occurring with the virtual monetary standards were totally eccentric. It is our own decency to be secure beating the issues that exist around. Altcoins were exceptionally fluctuating and like bitcoin the value moves considerably higher sooner or later and one who miss it out won't get a shot by and by to benefit offering at the ath.
Yes, altcoin is still influenced by the value of bitcoin. big and many influences that made the decline occur this year. the biggest percentage occurred in altcoins up to 20% decreased.
Indeed we of course never did an error in crypto. I think the biggest problem in the crypto is like this now. When the market continued to move down, and never green.
In my opinion the big problem that befell the altcoin is the number of altcoins that appear but are not accompanied by technological innovations that are brought also more capable. Most of the altcoins that emerge bring the duplication technology of the previous altcoins so that this kind of situation only makes market conditions more full. This also makes many altcoins worthless on the market and their position continues to deteriorate by nature. I only hope for the ICO development team to make innovations that are more current when they want to bring up a new altcoin.
....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.
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 that the dependancy of Bitcoin has not a good effect on the altcoin prices. I hope we can see that every coin will rise and fall independently on the price of bitcoin.
all bitcoin movements are always badly responded by altcoin holders. I miss my trade, and bitcoin is stable.
....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.
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 that dependancy of Bitcoin has not a good effect on the altcoin prices. I hope we can see that every coin will rise and fall independently on the price of bitcoin.
Altcoins that cannot survive, or have little market interest, will certainly be difficult to exist in the cryptocurrency world. Getting consumer trust also takes a long time. Strong products with innovation and competent development teams greatly influence the existence of altcoins.
I think the biggest problem with altcoin is the need for a stable market. New stable prices attract many people to invest. The richness and diversity of the altcoin also contribute to this market thrive. You usually choose which coin to invest.
at this time things like that are true, the price does indeed affect the condition of the altcoin at the moment, moreover the longer the altcoin condition decreases and causes anxiety for many people.
I think the biggest problem with altcoin is the need for a stable market. New stable prices attract many people to invest. The richness and diversity of the altcoin also contribute to this market thrive. You usually choose which coin to invest.
....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.
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.
Not sure what you mean by "dependency on bitcoin". How else do you figure out the price of something? You need to pair it to something to give it real price. Would you rather it be paired against the USD? We are trying to get away from traditional currencies and achieve total monetary freedom. Bitcoin is the yardstick and it won't be changing anytime soon. In the meantime let us all use our altcoins and bitcoins in more meaningful ways...transactions.
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