The biggest problem of altcoins - page 48.

anti-scam

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COINECT

Quote from: CopMom on February 27, 2018, 06:55:01 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.

The biggest problem with altcoins is that they depend on Bitcoin as well as Ethereum. The essence of the cryptocurrencies market is the cash flow that will be invested in the top coin. So if Bitcoin and Ethereum increase then altcoins decrease and vice versa. If Bitcoin and Ethereum are no longer favored, the altcoins will not depend on these 2 cryptos.

Yes it is very boring altcoin always keep up with bitcoin prices so far. there is nothing strong to hold so altcoin seems to have no power in the market. the most disappointing is the negative issue always gives a bad effect on altcoin prices.

CopMom

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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.

The biggest problem with altcoins is that they depend on Bitcoin as well as Ethereum. The essence of the cryptocurrencies market is the cash flow that will be invested in the top coin. So if Bitcoin and Ethereum increase then altcoins decrease and vice versa. If Bitcoin and Ethereum are no longer favored, the altcoins will not depend on these 2 cryptos.

Argie021213

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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 disagree, there is certain cases were altcoins appreciate while bitcoin value drops, altcoin does not depend on bitcoin a lot, but most of the time they are affected by the current market situation of bitcoin.

jashley

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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.

Yes because Bitcoin is the king and all of the altcoins out there we trade them using Bitcoin. Also there's a lot of new people here in crypto world where you would really see what we called weak hands because all they know cryptocurrency is easy money a lot of people investing there money here with searching it own there own what is cryptocurrency that's why a lot of new money on crypto has been eaten easily by those whales out there.

alarsincoin

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the biggest problem of alcoins is a big quantity different kinds of coins. it so difficult to monitor trends and news about it. too difficult to decide which coin is good and promise big profit.

stomachgrowls

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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 agree to your view but for now i do see some coins which isnt really dependent into bitcoins price and can potential move on its own market. Bitcoin price might affects its price too but it do still able to manage to move up.

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

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.

fayoling

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

jvdp

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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.

Have you watched the price changes today. Bitcoin and all the altcoins in the market shows different level of spikes on the market. I do not why people involved in trading keep on saying that bitcoin and altcoins co-relevant in the price changes.
Who you mean bro Charlie the litecoin founder or Vilalik the Eth founder. On altcoins side I believe these two achieved their life time success already. Still making the big money.

Snaic

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Yes, it should be acknowledged that the biggest problem of altcoyins is the price dependence on the bitcoin course. Now, when exactly bitcoin had problems, almost all the crypto-currency market froze for two months already. Perhaps the solution to this problem is to, say, bitcoin be excluded from price pairs on exchanges and exchangers? Leave for this ethereum, a few more worthy coins, and bitcoin to remove altogether. Maybe then, if it does not, then dependence will be weakened.

Igorgnome

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Power to gnomes!

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 hope that Pavel Durov's ICO and his ton coin for Telegram network can occupy this niche. Perhaps by the end of 2018, or 2019 we will have a coin that is free from the influence of bitcoin. Why? I believe that the main reason for the importance of bitcoin is hype around. The film can overshadow their bitcoin hype.

Sergo Grigo

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Of course, the price of bitcoin affects the situation of the entire crypto-currency market and who denies it apparently does not understand anything in the crypto currency. I doubt that in the near future altcoyins will be able to dislodge bitcoin from the leading positions.

pinkman12345

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Biggest problems with altcoins is that their performance is measured in terms of BTC. Given BTC is gold and if goes down the whole alt train goes down.

nhaila

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Moonbet.io

the problem from the first until now is still the same hackers and the like is there another problem?

icoprofits

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yes even after having best technology in hand most of top altcoins are depending on bitcoin chart so bitcoin dominance is low these days but dependency on bitcoin is still there

acheampong64

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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.

Very good points made. All that you said are true and they affect altcoins very much. The pump and dump groups make the whole situation very serious. It causes fluctuations here and there and the gap is also large. But one thing I always say is that, the future is always bright. Altcoins will one day gain the limelight they deserve, and it all depends on acceptability of cryptocurrency. As more people accept crypto there's the chance of getting a need and usefulness of altcoins(and that will make them fly high or trade better). I think developers of altcoins should also create realistic projects. If your project is not interesting, no one joins and then the usefulness of the coin becomes questionable. I also think trading altcoins against bitcoin is good in someway, because in real life people perform better when the competition is very tight. And looking at the trend of new incoming coins, a competition will be created sometime in the future and that will also help make altcoins better

daow403

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I think there will be a big breakthrough in altcoins, there will be new innovations to lead the digital currency world.

manhont

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Quote from: CazzataMalanga on February 25, 2018, 05:08:52 PM

Quote from: npredtorch on February 25, 2018, 03:43:41 PM

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 Cheesy

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.

And not for nothing you did it, this year from ether everyone is waiting for growth, some even call 2018 ether year

VclDm

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The problem that most altcoin have is that it is affected by the fluctuation of bitcoin. Most of the time when bitcoin fluctuates, the whole of the cryptocurrency market fluctuates as the market trend is disturbed. I think the new altcoin to succeed must build a strong enough community to support it in times of market changes.

CazzataMalanga

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Quote from: jinnyjinny on February 25, 2018, 04:05:30 PM

I saw month ago - NEO has done it pretty good , i mean it did not fall in price, when BTC went down and dragged all altcoins with him. For me this is a good sign , that coin gained the power and not so dependent from Bitcoin.

I have NEO too and I'm very positive about it's success. I think it could be where ETH is now.....the 800 range. Even higher a few years from now.

CazzataMalanga

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Quote from: npredtorch on February 25, 2018, 03:43:41 PM

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 Cheesy

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.

Topic: The biggest problem of altcoins - page 48. (Read 4878 times)