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The biggest problem of altcoins
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Topic: The biggest problem of altcoins - page 17. (Read 4878 times)
I believe that the main problem altcoins is high volatility in the crypto market. Bitcoin is more stable in relation to altcoins. Stability altcoins will come when there will be a legal regulation.
At present all the top coins depend upon bitcoin.When bitcoin increase all the altcoin will increase and viceversa..Second major problem is hackers.
I believe that there is no point in making predictions about the possible value of bitcoin and the situation of altcoin and bitcoin. Everything changes too quickly and therefore it is useless to even think about it
The biggest problem with altcoins is that it seems that when Bitcoin pumps, it kills the altcoin, and when Bitcoin crashes, it hurts the altcoin. I wish I knew that before because I figured that alt coins game me the better chance to succeed.
now ceypto is a traders market , cause it's so low people can easily manipulate the price like pump and dump groups , but when the market will be more mature there will be less votality and less manipulation like the stock market
The team behind the coin is actually the most important. If a team is not cohesive, it does not actively develop according to the road map for a long time. Sooner or later it will disappear with the passage of time.
I agree that the team is among the most important things to examine, but I find it very hard to determine how strong the team is. For instance, the founder of Stellar had already relevant experience and a proven track record of the success with another blockchain project, so this was an easy assessment. Most projects however have nobody in the team with relevant experience. How do you judge if they are able to build what they outline in their whitepapers?
I agree with you in many respects. Now all the altcoins really depend heavily on bitcoin, but it will not always be so. Independent crypto-currencies will soon appear
Alternative coins are faced with the fact that people do not want to trust them and believe that this is fraud. And such people are very difficult to convince.
I agree with you about the problems Altcoin is facing. can not get out of bitcoin trade. If there is one coin that has no interaction with bitcoin then we will get a profit, but it is not possible, because bitcoin has mastered Cryptocurrency and blockchain.
Altcoins often compete among themselves and can repeat the trends of bitcoin. This is a serious problem for those who are trying to invest in the long term. But you should have confidence that the project you are investing in is really interesting and you will make a profit. The project must be of high quality
....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.
Many altcoins lacking infrastructure where they could develop. In my opinion many crypto coins that just started have such a problem. But if the coin is really successful than it is possible to create infrastructure.
I think the most important problem that is there are many altcoins which make me confuse which one is worth to invest in which one is not?
And Alt coins have a strong dependence on the power of BTC value.
And Alt coins have a strong dependence on the power of BTC value.
Yes, you are right. The biggest problem with the altcoin is to rely on bitcoin. The trend in the market is also to look at the trend of bitcoin. If it is all the way up, then the whole market can be said to be green, but with the coming The more altcoins are born, I think their relationship should be mutually dependent on each other.
It seems to me that the biggest problem is all the same, the use and necessity of the project itself. These are the fundamental reasons for the need for growth in demand for a token. If there is no price increase then why do we need a token?
This is an exchange, we are using btc as altcoin fiat. So it effects all altcoins. So there is no need to blame btc but pump and dump groups have some facts on the problem
The team behind the coin is actually the most important. If a team is not cohesive, it does not actively develop according to the road map for a long time. Sooner or later it will disappear with the passage of time.
....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.
All this happens precisely because only bitcoin at the moment is a true cryptocurrency, and the altcoins has yet to prove its value and compete for its place 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.
Your wondering and worrying also is my interesting thing currently. Seeing a big gap between Bitcoin value and altcoin presents a big problem when Bitcoin has uncertainty in the future.
Too depending ability of Altcoins on Bitcoin which limits the development ability of other coins and it makes market slowdown anytime when Bitcoin value is dropped.
Too depending ability of Altcoins on Bitcoin which limits the development ability of other coins and it makes market slowdown anytime when Bitcoin value is dropped.
....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.
BTC still dominates the crypto-currency market and its capitalization is almost half the capitalization of the entire market. BTC is the most liquid coin and the prices of almost all altcoins depend on the price of BTC. In other words, BTC has a huge impact on the whole market No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.
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