I think the biggest problem is the scum today. Because most of the projects do not survive a year after they collect their money. I do not see any prospects for this kind of activity if the case develops in a similar way
true, indeed what happens is so much that only becomes a name then just disappears before there is a year. this should be addressed by the project developer because if it happens continuously it will hurt crypto itself, they don't think about what will be done in the future by giving at least what investors or some people need and impacting the wearer. 
Topic: The biggest problem of altcoins - page 23. (Read 4878 times)
Yes, I think some alts are correlational dependent on BTC. There are also some that moons alongside Btc and falls with it too. But the trend has always been BTC moon, alts fall because investors will be shorting their alts investment and putting it in Bitcoin to enable them ride alongside it.
in my opinion, the main problem of altcoins is their number , every day they become more and more
I don't mind that the price is dependant on bitcoin price movement right now as there's only a few fiat trading pair and the btc pairing makes it easier to earn profit caused by btc movement or the coin itself. You can hold btc when the price of bitcoin increase and buy the coin again later, you'll have more coin that way and you can do the opposite so you can have more btc than when you start.
The problems in altcoins depend one some terms:
1. Its dependence on the Bitcoin price
2. The upcoming coins that are new and from crypto growing
3. The investors itself (panic or not will also define the price)
4. The news s[reading around the world about the altcoins and bitcoin
1. Its dependence on the Bitcoin price
2. The upcoming coins that are new and from crypto growing
3. The investors itself (panic or not will also define the price)
4. The news s[reading around the world about the altcoins and bitcoin
....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 real altcoin problem is themselves, now they are dependent on bitcoins and solutions must be found.
The development team should understand more about this situation.
Many altcoins have the capital and the potential to continue to live in the future. Now, how?.
....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 real altcoin problem is themselves, now they are dependent on bitcoins and solutions must be found.
The development team should understand more about this situation.
Many altcoins have the capital and the potential to continue to live in the future. Now, how?.
The real problem in altcoin is that no rules or laws will regular the founders that make so many scams in the crypto world. It is so easy to make a scam ICO with fake information, it hurt the crypto much.
The biggest problem is its all connected to bitcoin , If bitcoin goes down the altcoin follows when bitcoin goes bullrun then altocoin is still down till bitcoin goes stable then thats the time altcoin follows and goes up.
If you're looking for a candidate that could par bitcoin, then the nearest answer to that would be Ethereum. I picked it judging on the highest marketcap in next to bitcoin and the usage.
On our local online exchanger, ethereum have already its own way for converting directly to our fiat. It doesn't depend now to bitcoin in cashing out
As for the price, I think it is not because altcoins are dependent to bitcoin but it is about their same type. Both are cryptocurrencies and either of the two will be favored out in a time.
On our local online exchanger, ethereum have already its own way for converting directly to our fiat. It doesn't depend now to bitcoin in cashing out
As for the price, I think it is not because altcoins are dependent to bitcoin but it is about their same type. Both are cryptocurrencies and either of the two will be favored out in a time.
Oh, I'm heavily invested in ETH, no worries. BTCs I have none at this time. Sold them with a profit and won't get back into it until price hits the 5 000 mark again. Which probably won't happen.
About bitcoin phenomena. Why do foreigners do bitcoin? Check out below.
1. Facilitate payment
For some countries like China, it is difficult to spend their renminbi money abroad because of the policies of the Chinese government itself. It is structural for capital outflow to be prevented. But for the people themselves, it could be a problem for those who travel abroad.
Cryptocurrency has no policy restrictions from any country, more people to travel abroad. Using bitcoin does not make physical transactions use money to transact. Compared to currency where you have to change currency, then cryptocurrency is more reliable
2. Slowing of bitcoin growth
The 'mine' system basically makes the digital money more difficult. For cryptocurrencies such as bitcoin, of course, it can keep its value, because the demand for this digital currency will remain as long as there are traders who want to use bitcoin as a means of payment.
3. The stronger the global community
As is well known, bitcoin has been accepted as a means of payment. If cryptocurrency continues to be used to purchase real goods and services, then the demand for this digital money will continue to be maintained.
4. Very easy opening of accounts
Unlike a bank account that is complicated enough to register, opening an account to accommodate cryptocurrency is very easy. Also the currency of Mrai requires only active telegram medsos. As for bitcoins, each website provides different and more complex requirements, but it's still not as difficult and as inconvenient as registering at a bank.
I guess the biggest problem of altcoin is all altxoin are depend on the bitcoin, once Bitcoin rise it also rise but when Bitcoin goes down it also goes down and sometimes goes down even more. Then most of altcoin nowadays are scam that's why lots of people don't trust to them and many people are complaining about its security, so i think ots better to choose wisely especially when choosing Altcoin. Study the Altcoin first before you buy ot or before you invest. 1. Facilitate payment
For some countries like China, it is difficult to spend their renminbi money abroad because of the policies of the Chinese government itself. It is structural for capital outflow to be prevented. But for the people themselves, it could be a problem for those who travel abroad.
Cryptocurrency has no policy restrictions from any country, more people to travel abroad. Using bitcoin does not make physical transactions use money to transact. Compared to currency where you have to change currency, then cryptocurrency is more reliable
2. Slowing of bitcoin growth
The 'mine' system basically makes the digital money more difficult. For cryptocurrencies such as bitcoin, of course, it can keep its value, because the demand for this digital currency will remain as long as there are traders who want to use bitcoin as a means of payment.
3. The stronger the global community
As is well known, bitcoin has been accepted as a means of payment. If cryptocurrency continues to be used to purchase real goods and services, then the demand for this digital money will continue to be maintained.
4. Very easy opening of accounts
Unlike a bank account that is complicated enough to register, opening an account to accommodate cryptocurrency is very easy. Also the currency of Mrai requires only active telegram medsos. As for bitcoins, each website provides different and more complex requirements, but it's still not as difficult and as inconvenient as registering at a bank.
About bitcoin phenomena. Why do foreigners do bitcoin? Check out below.
1. Facilitate payment
For some countries like China, it is difficult to spend their renminbi money abroad because of the policies of the Chinese government itself. It is structural for capital outflow to be prevented. But for the people themselves, it could be a problem for those who travel abroad.
Cryptocurrency has no policy restrictions from any country, more people to travel abroad. Using bitcoin does not make physical transactions use money to transact. Compared to currency where you have to change currency, then cryptocurrency is more reliable
2. Slowing of bitcoin growth
The 'mine' system basically makes the digital money more difficult. For cryptocurrencies such as bitcoin, of course, it can keep its value, because the demand for this digital currency will remain as long as there are traders who want to use bitcoin as a means of payment.
3. The stronger the global community
As is well known, bitcoin has been accepted as a means of payment. If cryptocurrency continues to be used to purchase real goods and services, then the demand for this digital money will continue to be maintained.
4. Very easy opening of accounts
Unlike a bank account that is complicated enough to register, opening an account to accommodate cryptocurrency is very easy. Also the currency of Mrai requires only active telegram medsos. As for bitcoins, each website provides different and more complex requirements, but it's still not as difficult and as inconvenient as registering at a bank.
1. Facilitate payment
For some countries like China, it is difficult to spend their renminbi money abroad because of the policies of the Chinese government itself. It is structural for capital outflow to be prevented. But for the people themselves, it could be a problem for those who travel abroad.
Cryptocurrency has no policy restrictions from any country, more people to travel abroad. Using bitcoin does not make physical transactions use money to transact. Compared to currency where you have to change currency, then cryptocurrency is more reliable
2. Slowing of bitcoin growth
The 'mine' system basically makes the digital money more difficult. For cryptocurrencies such as bitcoin, of course, it can keep its value, because the demand for this digital currency will remain as long as there are traders who want to use bitcoin as a means of payment.
3. The stronger the global community
As is well known, bitcoin has been accepted as a means of payment. If cryptocurrency continues to be used to purchase real goods and services, then the demand for this digital money will continue to be maintained.
4. Very easy opening of accounts
Unlike a bank account that is complicated enough to register, opening an account to accommodate cryptocurrency is very easy. Also the currency of Mrai requires only active telegram medsos. As for bitcoins, each website provides different and more complex requirements, but it's still not as difficult and as inconvenient as registering at a bank.
It`s just a short time just, BTC turned into the reference for alternate coins since his appearance made the computerized showcase crypto begins to expand its name. Sensible soon after it started showing up and r in view of the cost of the BTC. Dont cover the likelihood of the more drawn out the coin will give the idea that can equal the BTC and I think the most approach is the ETH.
Yes, the encryption market is still unable to get rid of the absolute impact of bitcoin prices on other coins. Most of them fluctuate with bitcoin prices.
I absolutely concur with you. Altcoins move toward becoming garbage when bitcoin isn't steady. Be that as it may, I don't believe it's workable for an altcoin to be free from bitcoin since all trades depend on this value framework.
This problem is really actual because it doesn't allow to work in the better way. I hope this problem sill be solved soon in a wrong way it will stop crypto's increasing.
....
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.
....
your targeting in btc prices this year I think it's too high, while the highest btc price is just $ 20k, and if you look at the current market situation the market may experience recovery but it may be difficult to achieve as you target, or it may take long enough to achieve as you are targeting 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.
....
The biggest problem with altcoins is that they all depend on bitcoin to some extent. therefore, bitcoin remains the leader in the cryptocurrency market.
Thats true that whenever bitcoin's price falling down you will see that altcoin's are falling down too on the next days but sometime you will notice that some of the coin's are not falling down even bitcoin if falling that's a good sign that that coin has a very good potential and can be independent in the future.
Hey. Yes, you are right, altkoins are entirely dependent on bitcoin. But, if you track the fall of bitcoin, and see the graphs of strong altcoyins, then some even showed the opposite. Minimally dependent ones are those altcoins behind which the real technology is, which really work, which are popular and promising. But still, complete independence can not be avoided. I would look with great curiosity at the token, which does not depend on Bitcoin at all.
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