The biggest problem of altcoins - page 47.

felipe04

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Quote from: CazzataMalanga on February 25, 2018, 04:59:05 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 know the more coins the more ways to earn but think if we have many coins i'm sure a lot also not go well like some coins turn to shit coins because the value and popularity go really low so that's one of the problem

But that's the risk in crypto so they try to do create new coins for their earnings too that's why they take the risk even they lose a lot of money

I think also the problem is not only in different coins but they create a lot to scam others also so it's bad or that's problem in users,traders and in investors of some altcoins

Early_Waffle

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Quote from: CazzataMalanga on February 25, 2018, 04:59:05 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.

soon there will be a mess in the altcoin market. there are services that allow anyone to issue their tokens. why all of this it is unclear

amber deposit

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Yes, the influence of bitcoin on altcoins will be for a long time. Bitcoin is an analogue of the US dollar for crypto currency. I do not even know what can affect this connection.

Vseguin45

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I just think that altcoins don't have many weaknesses, in the last few months there has just been an inflammation around the Bitcoin mainly, it was crazy and the price exploded in just a few days. With everyone looking to exchange crypto currencies, the system became unusable with much too long transactions and the explosion of fees for a transaction. The value was overvalued. I think this explosion was too rapid and the system didn't have time to regulate itself to answer the high demand. It simply gives the crypto coins time to develop. But the development of crypto currency has an important ecological impact with the enormous electrical consumption of mining. So we'll have to find solutions.

alexv10av

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Altkoins are not Bitcoin! We need more to advertise altcoyins. Statistics show that with each month altcoyins are becoming more popular

zhekinsp

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Quote from: Timos2018 on February 28, 2018, 10:44:37 AM

Try to imagine such the situation : bitcoin disappears from whole world, erased , swiped out- what happens with altcoins after 1 day, 2 days?

Bitcoin and altcoins are completely independent their price depend on the demand and supply so there is no problem the altcoin can hold the same demand even the bitcoin disappers.But I don't think altcoins will stay too longer if the bitcoin falls because people will be scared to invest on the other crypto currencies so the altcoins will also dissappear in some days.

Timos2018

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Try to imagine such the situation : bitcoin disappears from whole world, erased , swiped out- what happens with altcoins after 1 day, 2 days?

playboy654

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Quote from: lifetimebitcoins on February 28, 2018, 06:06:26 AM

The major problem with the altcoin is whenever the price of bitcoin decreases automatically the price of altcoins will increase. Even some won't depend on bitcoin also because after raising some amount they will start cheating investors and it will become zero.

We can't expect all the citizen of the country to be a president so it is impossible to get growth percentage like bitcoin got over the years.And there is no relation between the price of bitcoin and the altcoins so qe can't expect the altcoins to depends on the bitcoin price chart.

andreijoaquin

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So far altcoins really depends on bitcoin market situation but I think this is only for the mean time I know in the near future when bitcoin will become legally accepted world wide, altcoins will also gain popularity and stability in the market. The only problem I see here is that there are lots of altcoins which resulting to difficulties for people to choose which one will become highly valuable.

lifetimebitcoins

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The major problem with the altcoin is whenever the price of bitcoin decreases automatically the price of altcoins will increase. Even some won't depend on bitcoin also because after raising some amount they will start cheating investors and it will become zero.

donbasxii

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consider eth. many tokens nowadays are depended on ethereum

CazzataMalanga

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Quote from: wsxdrfv on February 28, 2018, 03:41:55 AM

What is pump and dump,

and how to block?

Pump and dump groups blow massive amounts of money in the market (sometimes hundreds of millions at once) to make the price go up and sell everything with a huge profit only a short time (few days) later. It's market manipulation.

You can't block it or avoid it. The market cap must rise so that pumping and dumping gets harder.

zenonramon

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Quote from: sunsilk on February 28, 2018, 02:52:12 AM

Quote from: stomachgrowls on February 27, 2018, 03:32:16 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

wsxdrfv

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What is pump and dump,

and how to block?

sunsilk

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Quote from: stomachgrowls on February 27, 2018, 03:32:16 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.

zokilnmet

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At the moment,it all depends on the BTC, and this is a fact, only because it was a very first coin. But may be in the nearest future we will see a rather different picture, cause everything is possible on the cryptocurrency market.

daow403

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I do not think altcoins coins follow bitcoin, and will definitely go out of their own ways in the future. As more and more people use altcoins, they will become more and more acceptable.

mu_enrico

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Quote from: CazzataMalanga on February 25, 2018, 04:59:05 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 believe BTC price not only represent BTC market only, but also all of cryptocurrency market. In this case, we could expect that if BTC price down, all coins have the tendency to go down also.

I've seen some coins able to rise even when BTC price down, this is simply because that particular coin is highly undervalued so that even it has the tendency to go down, the buying force is still so strong.

So my conclusion is that dependent or independent doesn't matter much

Mame89

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actually what is the problem or problem between altcoin and bitcoin I myself do not really concern this thing let everything goes as it is reasonable.

akihiro101117

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Quote from: CazzataMalanga on February 25, 2018, 04:59:05 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.

no, i think altcoins now have independence over bitcoin it is not like before that you have to convert it to bitcoin before going out a trade. there are lots of usdt pairs now that doesnt need bitcoin.

Topic: The biggest problem of altcoins - page 47. (Read 4912 times)