Altcoins has many related issues:
Firstly: "Sharks" is very easy to make prices. Prices may change unstably.
Second: Altcoins are more controlled garbage altcoins
These are the common problems of altcoins.
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Topic: The biggest problem of altcoins - page 20. (Read 4912 times)
the biggest problem is all most if the altcoin depend on bitcoin they trade with bitcoin,
The biggest problem with altcoins is their instability and non-security. I'm sure that half of the existing coins can not withstand a strong dump.
Absolutely, this is because altcoin always depends on the dominant coin and been highest value of cryptocurrecy market which is bitcoin. Therefore the instability is being undefine once the market is in dip inflation causing whole value drop or it make happen going zero.
In my opinion, I think developers of altcoins should also create realistic projects. If your project is not interesting, no one joins and then the usefulness of the coin becomes questionable. I also think trading altcoins against bitcoin is good in someway, because in real life people perform better when the competition is very tight. And looking at the trend of new incoming coins, a competition will be created sometime in the future and that will also help make altcoins better
Altcoins do not make much money in the crypto market. Because there was a lot of money from the market. The lack of money lowered the price of Altcoins.
The main problem of almost altcoin is hte depend on the fluctuation of Bitcoin and some TOP coin. If the altcoin has the big technology or potential, the dependence is lower and it can remain the price when downtrend.
Altcoin's growth is limited compared to bitcoins and I agree with you that once a altcoin stop relying on bitcoins then it will be independent and we may see growth of it like bitcoins.
I absolutely agree with your statement. This is common problem of our field and you can only avoid it once the altcoin had reliable team. Goodluck to us and goodluck to future investor of every altcoin
There are two biggest problems which altcoins face with. First is the big volatile on the market, this also could be a positive moment. And the second is the lack of good platforms on which these altcoins should work
The reason of this problem is that overwhelming majority of altcoins is trading against to BTC. And only ETH has also many pairs, but still all fiat money usually enter the crypto with BTC.
....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.
Yes, this is a very big problem for the entire crypto currency. This is because the capitalization of bitcoin is too high in comparison with the capitalization of other crypto-currencies. In order for the altcoins to acquire price independence, it is necessary that there is not too much difference in capitalization between bitcoin and another crypto currency.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 think that the whole problem is that new people first of all hear about bitcoin, they do not know about the existence of altcoins, and only after studying the scope of the crypto currency they understand that there are very interesting projects.
I think Bitcoin will always affect altcoin. There is always a Bitcoin dependency. So it will always be the biggest altcoin problem is that they still have limited practical use. While Bitcoin still has a greater practical use as the first cryptocurrancy coin.
If you would look at the moment , At the moment,it all depends on the BTC,where it will go there and the violas will go,but perhaps in the near future we will see a different picture, everything is possible on the cryptocurrency market.
If your looking for an altcoin which is independent from Bitcoin that would be no other than ETHEREUM. It is for development platform and many up coming ico projects use ethereum blockchain for there smart contract because its way easy for them to make smart contract using the blockchain of ethereum. And ethereum is really undeniably widely addopted all over the world thats why i wont get surprise if it will surpass bitcoin someday. Just buy more because its cheap then hold for atleast 5 years.
....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.
The current market all depends on the price of Bitcoin, where the stability of bitcoin will affect all altcoin prices.
But, maybe in the near future we will see a different situation, starting a lot of coins with projects and sophisticated technology.
....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.
Yes, this is a very big problem for the entire crypto currency. This is because the capitalization of bitcoin is too high in comparison with the capitalization of other crypto-currencies. In order for the altcoins to acquire price independence, it is necessary that there is not too much difference in capitalization between bitcoin and another crypto currency.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.
Yes, this is a very big problem for the entire crypto currency. This is because the capitalization of bitcoin is too high in comparison with the capitalization of other crypto-currencies. In order for the altcoins to acquire price independence, it is necessary that there is not too much difference in capitalization between bitcoin and another crypto currency. 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.
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.
It's only a matter of time, bitcoin is a reference for other coins because its appearance makes crypto the digital market begin to expand its name.
But, don't cover up the possibility that there will be coins that can rival bitcoin and I think the most potential approach is ethereum.
Bitcoin is the king and will rule for a long time as it is the most accepted. Like you said some altcoins need to break away from bitcoin, but i wonder if that is possible
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