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Topic: The biggest problem of altcoins - page 35. (Read 4878 times)

member
Activity: 280
Merit: 10
May 12, 2018, 07:14:55 AM
I think Altcoin is stronger more and more. When Altcoin finish mainnet and good partnership. It's more better.
Yes you are right with that one that's why we need to give a time for altcoins to develop their technologies and projects because we all know it is not easy and it will take time. As long as we believe in altcoins go follow your guts and support it. Just be patient always because it is survival of the fittest. Goodluck everyone.
newbie
Activity: 70
Merit: 0
May 12, 2018, 07:12:52 AM
....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 think the volatility of crypto is the biggest problem and even expert cant predict its future.
newbie
Activity: 14
Merit: 0
May 12, 2018, 05:20:09 AM
I think the biggest problem could be the manipulation of those whales as they controlled the price of what they want.

Agree market manipulation is a huge problem. Coins will have to find and use some tricks and countermeasures against that.
newbie
Activity: 197
Merit: 0
May 12, 2018, 05:16:30 AM
That is true, a group of people who pump and dump a certain altcoin really affects the value and can be reason for a project to fall. Those who can hold a lot of coin can manipulate this for own good. Another case for me that could affect this are bounty hunters who dump their coins real quick after the ICO.
jr. member
Activity: 130
Merit: 1
May 12, 2018, 05:05:44 AM
I think the biggest problem could be the manipulation of those whales as they controlled the price of what they want.
sr. member
Activity: 541
Merit: 250
May 12, 2018, 03:31:12 AM
What u said is the actual truth and all altcoins growth are dependent on the price of BTC. When it comes to the crypto world BTC is the king and nothing can change that for now. There is always a ruling party in everything we do so I guess is no surprise that BTC is the ruling party when it comes to altcoins. When it comes to pump and dump and whale groups those r the forces really manipulating the market.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
May 11, 2018, 10:46:40 PM
Each and everything happening with the virtual currencies were completely unpredictable. It is our own goodness to be secure overcoming the issues that exist around. Altcoins were highly fluctuating and similar to bitcoin the price moves much higher at some point and one who miss it out will not get an chance once again to profit selling at the ath.
newbie
Activity: 45
Merit: 0
May 11, 2018, 10:42:44 PM
I think Altcoin is stronger more and more. When Altcoin finish mainnet and good partnership. It's more better.
newbie
Activity: 168
Merit: 0
May 11, 2018, 10:26:16 PM
....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.

you got a point there dudz! but i dont agree on complete dependance, altcoin has it own value and trend. maybe they have some similarities in terms of fluctuation of price but it doesnt mean they are dependent on BTC. have you look seen alt in the marketplace, even BTC is falling down, you could still see green numbers in their value... this is the proof that its not depending on BTC.
newbie
Activity: 210
Merit: 0
May 11, 2018, 09:36:25 PM
The problem is because there is one coin that has an influence on Altcoin, the coin is BITCOIN.
Bitcoin is a coin that affects Altcoin at all times and Bitcoin also causes Altcoin to rise and fall.
The benchmark is Bitcoin.
So this is what makes Altcoin difficult to develop.
jr. member
Activity: 200
Merit: 8
Power to gnomes!
May 11, 2018, 04:12:16 PM
Yes, Bitcoin is the controller of the market from the very start of the cryptocurrency world and still, it is dominating most of the markets. Everyone has already observed the effect of bitcoin price of the other altcoins and I think that most people prefer keeping their money in Bitcoin rather than holding it in some altcoin as an altcoin can experience a drop in the price anytime. But, I think that altcoins are also a part of the future digital world and will become a very important part of our day to day life in the future for sure.

I think Ethereum will bypass bitcoin in a few years. After that, bitcoin will not affect the price of altcoins so much, but for this to happen a fundamental change - a very important event and the technological breakthrough of Ethereum.
sr. member
Activity: 2184
Merit: 470
Telegram: @jperryC
May 10, 2018, 04:22:10 PM
Yes, Bitcoin is the controller of the market from the very start of the cryptocurrency world and still, it is dominating most of the markets. Everyone has already observed the effect of bitcoin price of the other altcoins and I think that most people prefer keeping their money in Bitcoin rather than holding it in some altcoin as an altcoin can experience a drop in the price anytime. But, I think that altcoins are also a part of the future digital world and will become a very important part of our day to day life in the future for sure.
copper member
Activity: 84
Merit: 0
May 10, 2018, 04:48:38 AM
To defeat Bitcoin, an altcoin would require not just superior technology, but such vastly superior technology as to be an advance over Bitcoin comparable to the advance Bitcoin represents over fiat currency. Furthermore, a truly great innovation would much better serve people by being incorporated into future versions of Bitcoin rather than by requiring them to switch to something else
full member
Activity: 1316
Merit: 108
May 10, 2018, 03:49:55 PM
Yes, I absolutely agree with the fact that the biggest problem of altcoyins now lies in their full price dependence on bitcoin. Because of this problem, we can say that we do not yet have any market. We will have a crypto currency market only when each coin or token will have its own individual price development, which will not depend on the price of another crypto currency.
member
Activity: 210
Merit: 10
May 10, 2018, 03:27:21 PM
Altcoin prices can not be independent from bitcoin since the trading system and all exchanges are using bitcoin price parity. If bitcoin price drops more than the rise of an altcoin price, it will also seems to drop. Bitcoin price should be stable for reliable altcoin prices. it's my opinion   Wink Wink
hero member
Activity: 1680
Merit: 505
May 10, 2018, 06:57:05 AM
Even the biggest problem of the altcoins is that they do not have a finished product for many. If there was a product then I think everything would be much better.

A good final product would certainly have a good effect on the prices of altcoins. Projects could attract new investors causing price increases. And so everything goes on forever, and teams sometimes don't know what they're doing.
newbie
Activity: 44
Merit: 0
May 09, 2018, 09:55:28 PM
Bitcoin is the dominant coin,all altcoin are highly corellated with the btc price
newbie
Activity: 122
Merit: 0
May 09, 2018, 09:04:19 PM
I think Ripple because of its utility, for the world to make transfers quick. Is quickerthan money, the world will depend on Ripple, because it is the first of its kindlike it is bitcoin, for cryptocoins. Ripple can be the next king of the currencies.
legendary
Activity: 1722
Merit: 1014
May 09, 2018, 10:31:18 AM
....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.

there are many big players in the market who do what they want with bitcoin or other cryptocurrencies. With their money, with their amounts they can really lower the price and keep it at least 3 years. They don't care.
sr. member
Activity: 714
Merit: 253
May 09, 2018, 10:29:26 AM
Even the biggest problem of the altcoins is that they do not have a finished product for many. If there was a product then I think everything would be much better.
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