The biggest problem of altcoins - page 7.

infinity33

full member

Activity: 294

Merit: 100

Quote from: hanadaya on August 28, 2018, 03:56:11 AM

I think this cycle will continue and cannot be stopped as long as the cryptocurrency world is still alive. The current price dependence of altcoins from Bitcoin is indeed the biggest problem now for the cryptocurrancy currency market. Such a situation cannot be considered a market, if all cryptocurrancy currencies depend on the price of Bitcoin. This is no longer a market. The market will only be available if each coin or independent token is in the price policy.

The biggest problem I see also is the market price, when the price goes down, the investors are loosing their investments and they are also loosing their trust in crypto and do panic selling sometimes.

efey39

newbie

Activity: 266

Merit: 0

The biggest problem with subcoins section is the high risk ratio. changing the graphics constantly and quickly is another problem. it is very difficult to do technical analysis.

truongdhnh

sr. member

Activity: 870

Merit: 250

The writting is interesting and useful because most Altcoins rely on Bitcoin too much to decide on the increase and decrease. I think the Altcoins want to be independent of Bitcoin unless they account for more than Bitcoin and their prices are independent of Bitcoin. Even the ICCO Altcoins projects have not yet hit the floor and are waiting for Bitcoin. This is a very difficult problem for the crypto market when all project rely on bitcoin.

bcoin01

newbie

Activity: 102

Merit: 0

Lower-cost subcoins are always more dangerous. The smaller increments give larger percentages.

If you invest in altcoin, you have to follow it all the time. If you want to make money, you have to keep track of it.

GinXenPhengz

newbie

Activity: 43

Merit: 0

Altcoins are dependent to bitcoin yet it is about their same kind. Both are cryptocurrancies and both of the two will be bolstered out in a period this is my figure may be I am off course.

NKTstreet132

newbie

Activity: 42

Merit: 0

I agree with your opinion. Currently, altcoin is highly dependent on the bitcoin ratio. If the bitcoin rate increases, the altcoin will increase and vice versa. In addition, the altcoins use Blocker 2.0 technology of Ethererum, so if the cipher rate decreases, all the altcoins will also drop.

Kramblerty

member

Activity: 266

Merit: 15

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 am also so bored by pumps/dumps and just trading discussions.
Why no-one looks at the usability of tokens (altcoins). People should buy tokens in order to exchange it for the services provided by the token hoster in the future.
Token hoster company must reward such token buyers providing the biggest discounts. The great example of such approach is Kamagames token sale. This company provides token buyers with the ability to exchange tokens to the company's products with an astonishing bonus during the next 36 months.

hanadaya

jr. member

Activity: 294

Merit: 4

I think this cycle will continue and cannot be stopped as long as the cryptocurrency world is still alive. The current price dependence of altcoins from Bitcoin is indeed the biggest problem now for the cryptocurrancy currency market. Such a situation cannot be considered a market, if all cryptocurrancy currencies depend on the price of Bitcoin. This is no longer a market. The market will only be available if each coin or independent token is in the price policy.

John Emst

member

Activity: 168

Merit: 10

I believe volatility, one of the problems that hit the crypto-currency market this year. And also the problem with the confirmation of the viability of the concept. Which Companies do not want to switch to the block system until it is proven that it has scalability for solving problems in the real world, but there is no way to confirm that the blockbuster has such scalability until some large company goes to it.

qidai9

newbie

Activity: 86

Merit: 0

The biggest problem with the altcoin is that it can't get out of the market. The encryption market is rich in its own value. Without the cryptocurrency, it is nothing. If you leave people's investment, it will be worthless.

Baggong

member

Activity: 247

Merit: 10

I think the biggest problem of the altcoins is that there is no regulation that regulates, as we know that currently more than 1800 coins and tokens have been registered so that many coins will die.

idioma1

newbie

Activity: 266

Merit: 0

Yeah, you've described the real state of things. Everything works like that and it makes an order. In other cases there will be a mess

Fritz93

sr. member

Activity: 602

Merit: 252

I believe that there is a dependence of many altcoins on bitcoin because these coins are not backed up by anything. That is, they do not have a working product. As soon as a working product appears, it becomes a more independent coin. And already a lot will depend on the development of this product.

FinanceX

copper member

Activity: 280

Merit: 0

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.

Introducing more fiat-to-altcoin trading pairs will separate their fortune from BTC. The alt-coin would have already built up quite the reputation first but then the trading pair will allow it to flourish without traders purchasing BTC first before trading for that coin. BTC is often an intermediate at the moment meaning it will stay dominate without this initiative.

hsnjtdj

newbie

Activity: 106

Merit: 0

I agree with you that the biggest problem with altcoin is that it is too dependent on Bitcoin, and I think that altcoin will never be able to get rid of Bitcoin and survive alone. Bitcoin is the king of cryptocurrency and its status is very stable.

aonfons

newbie

Activity: 217

Merit: 0

I still see the biggest problem is the excessive dependence of the market on Bitcoin, the altcoin can not be independent of the BTC on the price. In addition, the sharp drop in value is the attraction of crypto to traditional markets. This is a great opportunity for investors.

Sarisang

sr. member

Activity: 784

Merit: 250

current dependence of course also due to the dominance of the bitcoin. This makes a lot of altcoins adopted many things from bitcoin. so will cause any increase and decrease there happens naturally because of the bitcoin and not of achievement or his own altcoin system.

dimb

sr. member

Activity: 630

Merit: 261

The biggest problem of altcoins is that their price fluctuates very much, which causes their instability. Therefore, when investing in the crypto currency, you should be prepared for this.

EducoinVietnam

member

Activity: 420

Merit: 10

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 do not think that altcoin is the best thing that could happen to cryptocurrencies. Now they are not so popular, unfortunately

GsxR150

jr. member

Activity: 252

Merit: 4

At present, almost all altcoins, both old and newly emerging are connected to bitcoin. I hope, as soon as possible the altcoin must start and stand in their own way. If not, I think until the end of the world the situation will always be like this, bitcoin will always be a reference and determinant of altcoin prices.

Topic: The biggest problem of altcoins - page 7. (Read 4875 times)