The biggest problem of altcoins - page 46.

miningguru

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Quote from: asena on March 01, 2018, 05:39:38 PM

Quote from: CazzataMalanga on February 25, 2018, 05:59:05 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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

It is not possible because on the basis of ETH and Bitcoin altcoin are launching, so it might effect altcoin with the decrease price of the Bitcoin and altcoin. Think about, it is not possible for the market to give profits every time.

rjsmith

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The problem with altcoins is that their perfomance is measured in terms of BTC.of course,the price of bitcoin affects the situation of the entire crypto-currency market.but other blockchain technologies are pretty good rather then BTC.

lenj

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Quote from: CazzataMalanga on February 25, 2018, 05:59:05 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.

Pump and dump group can only work to any altcoin which has low marketcap.
The altcoin only being traded in small option of exchange so thats why its very easy for that group to manipulate the price.
Specially bitcoin, they can not really pump and dump

yingfeng

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Quote from: asena on March 01, 2018, 05:39:38 PM

Quote from: CazzataMalanga on February 25, 2018, 05:59:05 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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

The main problem is the too large percentage of the market capitalization of btc. When btc falls, everything falls. I agree that it is very important to get rid of the influence of btc.

asena

newbie

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Quote from: CazzataMalanga on February 25, 2018, 05:59:05 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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

stomachgrowls

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Quote from: zenonramon on February 28, 2018, 05:07:16 AM

Quote from: sunsilk on February 28, 2018, 03:52:12 AM

Quote from: stomachgrowls on February 27, 2018, 04:32:16 PM

One of the reasons why we cant really raise up the price not only that there are lots of projects turns out to be shitty just focusing on making money for their devs without even caring out the true potential of this cryptocurrency potential for longer terms.

This is the biggest reason why those legit and really promising coins aren't moving upwards because of those people who are only for the profit and not for supporting those coins.

The cycle goes on and they keep on creating new one after they are done with their current launched ICO / project.

And once it reached their soft / hard cap they are nailing and starting to take profits. I have believed this since before that the altcoin market is totally depending to bitcoin market.

That's why it is called the king.

This is not good, suppose if bitcoin get knocked out of the race, the 2nd most (Ethereum/whatever) is going to take its place and do the same to alt coins
Then altcoin market will depend on ethereum or whatever and people will keep raising money for their dev and grab the profit until the whales decide play time is over Undecided

The cycle would still continue and cant be stopped as long this cryptocurrency world do lives.Bitcoin cant guaranteed on not to be replaced by an altcoin.It all depends on the people who do support it we cant say that this would last forever and we do all know that technology do evolve as the years goes by and people might seek for more updated and more features that might able to see into newer coins.

solarion

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Quote from: onrise on March 01, 2018, 11:26:14 AM

Quote from: kickdapa on March 01, 2018, 11:23:19 AM

Right. altcoin is always dangerous because it can be scam at any time. a coin is not practical, it is easy to scam

If invested or bought an unknown coin then chances are very high that it would be dumped quickly or get scammed as those are money making tricks by the developer of the coin. So always do not invest a lot of money on such coin and do your study thoroughly so that you can reach on some decision and pick the right coin for purchase.

Bitconnect is the perfect example for this. They have own wallet and exchange platform but they cheated many people as it got reported on this forum multiple times.
We need to check the project potential level and sell the coin if that reaches to expected value level.
Cheap altcoins also bump in the marker later but need to learn their white paper to understand whether is the future focus on their toad map.

onnz423

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Well actually there are numerous coins that outperform bitcoin and improve in value even when bitcoin is experiencing a dip. These coins tend to be located in the sub $30m market cap territory, so are likely controlled by different factors rather than general news surrounding cryptocurrency. Just check out coinmarketcap.com and look for new, promising coins that are on an upwards trajectory, it isn't too difficult to find one that will appreciate well.

onrise

sr. member

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Quote from: kickdapa on March 01, 2018, 11:23:19 AM

Right. altcoin is always dangerous because it can be scam at any time. a coin is not practical, it is easy to scam

If invested or bought an unknown coin then chances are very high that it would be dumped quickly or get scammed as those are money making tricks by the developer of the coin. So always do not invest a lot of money on such coin and do your study thoroughly so that you can reach on some decision and pick the right coin for purchase.

kickdapa

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Right. altcoin is always dangerous because it can be scam at any time. a coin is not practical, it is easy to scam

richminded

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Quote from: fayoling on February 27, 2018, 03:39:36 PM

One of the biggest problems is that among the altcoins very often there are more and more scams

Its true, even a good project turns into a scam, sad but its happening. Altcoins created to make good services that bitcoin can't do but people behind it are just greedy and that's why altcoins are having problem. Altcoins can survive this I know but people should be more careful on investing with the new coins.

Agaton

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As a crypto enthusiasts, we are all here act like brothers and sisters, as we noticed that all types of coins like etherium, monero etc. are all dependants of bitcoin, and we must accept the flow of reality system that all types of cryptocurrencies are only beyond control by the power of bitcoin, it is only base on my experience that those other cryptocurrencies are not directly use to convert real paper money, unlike bitcoin cryptocurrency that anytime we can easily convert into real money.

NeuroticFish

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Quote from: CazzataMalanga on February 25, 2018, 05:59:05 AM

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.

Most of the blame goes to the exchanges, from the crypto-only exchanges of which most have only BTC/xxxx pairs and maybe USDT/xxxx pairs to the ones that work with fiat, which don't extend more than Bitcoin, maybe with some additions like Litecoin and Ethereum, and with miracles like Dash, Monero, and very few others.

But it's about to change, because a number of not very big ICO businesses are acquiring banking license or get support for card or link to financial institutions and they'll (sooner or later) allow fiat/token pairs for themselves.

Of course, the coin devs will have to also make their moves and strike deals with the ones that can help them get direct coin/fiat pairs get listed/exchanged. Not easy, it requires money, which most prefer to keep for themselves.

BlackPanda

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Quote from: CazzataMalanga on February 25, 2018, 05:59:05 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.

Altcoin price is strongly influenced by the price movement Bitcoin, Bitcoin become the main benchmark in the movement and development of prices Altcoin. Even a lot of Altcoin that succeed or fail because of the Bitcoin price movement so drastic. Altcoin's success is if they can get rid of the shadow Bitcoin, but I think altcoin with good management like Etherum was still not able to do it. It took a very long time and also of course must get a strong confidence from the market for the implementation of it, the power of Bitcoin is very large but when an Altcoin can get support and also trust then anything can happen, Yes in the world crypto everything can happen, even an impossible thing can come true because the crypto world often shows miracles.

Axelion

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The real problem is development. At the beginning yes they will be dependable on Bitcoin and susceptible to pump and dump, but the key for success for every product is to develop and be useful and popular. Ethereum made a big step in that way. His price is still connected to Bitcoins a little bit, but not we can say that he is independent.

Toukexx99

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For most people in the Bitcoin community, altcoin is still considered to be nothing more than a fraud mode. Part of the reason is that the developers of altcoin and its promoters are often found telling people to buy altcoin as their own financial advantage.
And the price of alco is influenced by bitcoin price, So if you have a coin, it would not hurt to trade it if the exchange rate is above the price when you buy it Or if you want to keep hold of it also does not hurt, because it could be Cryptocurrencyini back up to a higher value again.

holigans

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not about addiction but it is already from the beginning like that because its own altcoin comes after the existence of the bitcoin. bitcoin will become a reference for all the coins and prices became the center of all the coins. It is not possible if the altcoin stands alone without the presence of bitcoin.

sunsilk

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Quote from: zenonramon on February 28, 2018, 05:07:16 AM

Quote from: sunsilk on February 28, 2018, 03:52:12 AM

Quote from: stomachgrowls on February 27, 2018, 04:32:16 PM

One of the reasons why we cant really raise up the price not only that there are lots of projects turns out to be shitty just focusing on making money for their devs without even caring out the true potential of this cryptocurrency potential for longer terms.

This is the biggest reason why those legit and really promising coins aren't moving upwards because of those people who are only for the profit and not for supporting those coins.

The cycle goes on and they keep on creating new one after they are done with their current launched ICO / project.

And once it reached their soft / hard cap they are nailing and starting to take profits. I have believed this since before that the altcoin market is totally depending to bitcoin market.

That's why it is called the king.

This is not good, suppose if bitcoin get knocked out of the race, the 2nd most (Ethereum/whatever) is going to take its place and do the same to alt coins
Then altcoin market will depend on ethereum or whatever and people will keep raising money for their dev and grab the profit until the whales decide play time is over Undecided

Whether this isn't good, what can we expect to a free market? Everyone can contribute in the slightest way that they can but that contribution will be nothing when those whales steps in.

Wrong if you are saying that the altcoin market will depend on ETH. Even Ethereum is depending on bitcoin.

Just like what I said, its the king.

maimainguyen05

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I agree with your opinion. Currently, altcoin is heavily dependent on Bitcoin rates. If the bitcoin rate increases, the altcoins will increase and vice versa. Also, the altcoins use Blockchain 2.0 technology of Ethererum, so if the crypto rate decreases, all altcoins will also drop too.

cryptolord2077

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Even if bitcoin disappears, it will not make big influence on alts, but if he goes down it will make

Topic: The biggest problem of altcoins - page 46. (Read 4878 times)