Topic: The biggest problem of altcoins - page 5. (Read 4912 times)
Altcoin prices do depend on the price of Bitcoin's value a lot, no doubt. People accept this fact, and tend to make movements according to this theory, which makes it even more solid.
The most serious issue is the obscured limits of the obligation of the engineers themselves, today individuals are starting to understand that the designers are in certainty not in charge of the cash that you gave them. This should be changed.
Each and everything happening with the virtual financial models were absolutely unconventional. It is our own conventionality to be secure beating the issues that exist around. Altcoins were especially fluctuating and like bitcoin the esteem moves significantly higher at some point or another and one who miss it out won't get a shot before long to profit offering at the ath.
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.
I think the biggest problem of altcoins is that it's too free to make coins and tokens, when the code makes coins easier, it makes everyone free to make coins so there are too many coins and tokens.
The big problem is only that the developers have no control, that is, the community has no control over the developers' funds, because it is necessary to avoid the possibility to invest in scam projects.
The price of all altcoins is now at a very low price and I think it's all because of bitcoin
The price of all altcoins is now at a very low price and I think it's all because of bitcoin
Each of the coins has its own advantages and disadvantages, and each project, with its technology develops in different ways, but the most important is that the price of all altcoins depends on the price of bitcoin.
The most important problem of altcoins is the impossibility of their implementation in people's lives now. It takes a lot of time for the crypto currency to become a part of people's lives.
....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 has a lot of problems and I wouldn't invest all my money in him. I don't think that's gonna lead to anything good. 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 that the main problem is a very large number of altcoins. it is for this reason that prices are falling.
The biggest problem with altcoins is that the bandwidth of the Ethereum's network is 20 operations per second. This is already very little.
Yes that is indeed very little, but also Ethereum is scaling up, there will be an update coming called Constantinople that uses some binary technique to be able to use a lot more computing power...I am no engineer but it sounded very compelling to me.
Pump and dump exists in low volume..and the innocents suffer. Unless there is some sort of compliance controls, it is difficult to achieve the results.
The biggest problem with altcoins is that it can't stop those scams. There is currently no effective regulation for scams, so investors easyly to be deceived. Real projects will also be lost money because of many scams, so that the price performance in the market is not ideal.
scam happen everywhere, trust me, even the regulated ones like initial public offering (IPO) sometimes being used to scam people and as a money grabber.It's just really hard to prevent such thing from appearing since there's some people that always have bad intention so better watch yourself. If im being honest, other fundraising method like kickstarter and crowdfunding impose the same risk.
I agree that other investment opportunities bear similar risks despite having limited or zero transparency. I invested in a startup and it is hard to engage with the CEO directly, similar case with kickstarter or other platforms...in crypto you can talk directly to the team and many CEO likes the one at Sparkster or Oyster will respond to you, they engage with their community directly.
I think the biggest problem is a scam and a lot of promises that are not carried out by many companies (a lot of deception unfortunately ((
It was not always like this. Most altcoins strongly depend on bitcoin, but not all of them. At the beginning of the year, when bitcoin had already fallen dramatically, the Ethereum cost more than a thousand dollars, because it was in demand in various ICOs. Bitcoin has a strong effect on all cryptomarket because of its high capitalization compared to other cryptocurrencies.
I agree, but this can not be called independence, as if for example Ethereum would be independent, then It would not have fallen so much in price and would not have fallen in price at all, since the demand for it is constantly present, even during the drawdown or even more so during the drawdown.
I also don't like it. Some projects have their own idea and roadmap and some of them are quite successful. Anyway if it is bear market, then no chance to see big growth. It's disappointing.
....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 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 with you. So when bitcoin dies, it will surely be the end of cryptocurrency. But i think that would still takes time. So when inveating in altcoins always diversify and choose alts that has great potential.
That is just true, the market does show independency from Bitcoin very rarely, and not sure when it can finaly change.
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