Topic: The biggest problem of altcoins - page 42. (Read 4878 times)
The biggest problem of altcoins is their big count. I think in future most altcoins won't be relevant and will depreciate.
....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.
The biggest problem of Altcoin many pump & dump group can handle this. As a result ordinary traders/investors become looser. 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.
Ordinary trader will became loser if they will not let themselves know on what coin they are dealing with before tradings, since if they research before engaging with it then they can ride the hype brought by the whales.
But I don't really believe on dump and pump group thing called their since some of those proclaimed groups are just made for self profit gathering and some people who give some pointers with certain coins are trying to pump their coins to recover nor regain their capital back.
At the moment all altcoins are interconnected with bitcoin. One day altcoins will start their own way... Perhaps coins will not react so much to the fall and rise of bitcoin. But there should happen something unusual.
It's just that no project should occupy most of the market by capitalization. Then the fall in the price of a large project will not affect other projects. At the moment all altcoins are interconnected with bitcoin. One day altcoins will start their own way... Perhaps coins will not react so much to the fall and rise of bitcoin. But there should happen something unusual.
Think so too, its like Napster
I liked this comparison ! 
At the moment all altcoins are interconnected with bitcoin. One day altcoins will start their own way... Perhaps coins will not react so much to the fall and rise of bitcoin. But there should happen something unusual.
....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.
The biggest problem of Altcoin many pump & dump group can handle this. As a result ordinary traders/investors become looser. 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.
Bitcoin is still the most valued cryptocurrency, but it is not necessarily the case that other coins will be completely depended on it in the future. We will see 
Bitcoin is the biggest problem of altcoins. The prices depend on the bitcoin value. As the price of bitcoin grows, altcoins grow. As the price of btc falls, altcoins are falling. Therefore, if the bitcoin dies, the same fate awaits the altcoin.
Are you sure? As a Hero member you do able to see on how do price correlated to each other.We might able to see that bitcoin do give effects into altcoins but not all the times because there are coins which haven't been affected on price decline and not all the times if bitcoin tends to pump out altcoins to pump out too. Movements might be randomly on both sides depending on the market situation either on pure accumulation or on selling area.
Bitcoin is the biggest problem of altcoins. The prices depend on the bitcoin value. As the price of bitcoin grows, altcoins grow. As the price of btc falls, altcoins are falling. Therefore, if the bitcoin dies, the same fate awaits the altcoin.
Are you sure? As a Hero member you do able to see on how do price correlated to each other.We might able to see that bitcoin do give effects into altcoins but not all the times because there are coins which haven't been affected on price decline and not all the times if bitcoin tends to pump out altcoins to pump out too. Movements might be randomly on both sides depending on the market situation either on pure accumulation or on selling area. ....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.
it's not eternal phenomena. imo just need to wait few years.
Ether has the support of large corporations, which is not the case with many others. Block-Cheyne Ether is advanced technology and a lot of projects are built on it. The Creator of Ether is a public person, this gives a sufficiently high level of confidence in technology.Call me at least one similar project other than Bitcoin, which has similar qualities and advantages?
The industry has to be moved by someone, and I already know who is responsible for this mission...
The industry has to be moved by someone, and I already know who is responsible for this mission...
Bitcoin is the biggest problem of altcoins. The prices depend on the bitcoin value. As the price of bitcoin grows, altcoins grow. As the price of btc falls, altcoins are falling. Therefore, if the bitcoin dies, the same fate awaits the altcoin.
Young crypto currency, the connection with the bitcoin rate is high. As the popularity of altcoyin increases, communication weakens.
Yes ! I think Bitcoin are King. If it die, all altcoins die too.
True, that's the problem of altcoins. All of them are depending to the king, to bitcoin. And when bitcoin is also having good charts, it will be followed by them. Unlike before there's an opposite reaction, while bitcoin is moving upwards then alts are going downwards and vice versa. We all hate those pump and dump groups that are really pain in the traders who are happily waiting to take profits but this is how each market works, we can't remove them and they will exist no matter what happens.
the current conditions are unrealistic. I think altcoins developers should also create realistic and honest projects. If your project is unattractive, no one joins and then the use of coins becomes questionable. And seeing new incoming coin trends, a competition will form in the future and that will also help make altcoin better.
so after all, if they are independent of bitcoin, then people will make pampas and dumps on those coins. There will be a same story
I certainly agree that there are a lot of altcoins in the market and there are such people as you say, which copy each other, but the altas will not go far. They simply will not be given life.
And that while bitcoin depends on all this, but in the future I think the minds of the planet will solve this problem or re-empower it...
And that while bitcoin depends on all this, but in the future I think the minds of the planet will solve this problem or re-empower it...
The problem in altcoins is we have no assurance for its development in the market.Pumps and dumps so sometimes we are get panic because of its crashed down.Not all altcoins would be successful like bitcoin value but being positive to it is our great assurance that it can be profitable soon in our investment.But all of them are depending on the bitcoin price so nothing to worry about their growth.
Even big coins experience the pump and dump things, so I think the problem with altcoins is they are depending on the price movements of bitcoin. I believe in some altcoins which offers great services so I think they can really survive in cryptoworld. Cryptoccurency is the future of all digital currency and I know altcoins is belong to that.
There's way too many shit coins right now and it's getting hard to see those with true value from those that don't.
Yes ! I think Bitcoin are King. If it die, all altcoins die too.
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