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Topic: The biggest problem of altcoins - page 9. (Read 4875 times)

newbie
Activity: 84
Merit: 0
August 26, 2018, 11:22:52 AM
There is no big problem in the altcoin, everything is slowly resolved. If yesterday altcoin had a big problem because of the price that was influenced by bitcoin, then today it all began to be resolved. It's only a matter of time, until the time for altcoco to find the perfect way to kick bitcoin from the king's seat.
hero member
Activity: 882
Merit: 500
August 26, 2018, 05:55:52 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.
This Field of the cryptocurrency is full of freedom , where everyone is able to do work that what he want in actual and he don't want any type of the restrictions that what they want to do .
Here this freedom is making every person to say and do anything that what they want , that why some altcoins owner are saying and claiming like this , but in actual it is not eastfor any coin to break the market of bitcoin because bitcoin is not a baby , this is first coin that is making the whoel cryptocurrency market intergate with his trading links .
And here altcoins are big power of the cryptocurrency market because this is same as without people world will not be world , similarly without coins there will be no cryptocurrency market .
Here if bitcoin will get very back in comparison of the another any coin then surely people trust will break , but surely it will not going to happen .
Bitcoin will remain king and almost every coin will depend over bitcoin , don't think that another coins team are working much hardwork to increase the market but here with that bitcoin's is also doing work to make the bitcoin more perfect , so this competition will always remain existing and bitcoin will remain at top always .
sr. member
Activity: 602
Merit: 251
August 26, 2018, 05:27:22 AM
I agree that altcoins ' dependence on BTC is big and obvious. Whether they will be able to escape in the future from under this oppression is unknown. And so of course, altcoins that will be able to achieve this, will become clear leaders among other altcoins throughout the cryptocurrency space. So our business is small, it remains to wait for such promising projects that are ready to compete for the title of the best altcoin.
newbie
Activity: 62
Merit: 0
August 26, 2018, 05:05:47 AM
You've highlighted the problem well. It remains the biggest problem most altcoins face. They have total dependency on Bitcoin which is just too bad to their effective growth. Once Bitcoin begins to fall, you see them dumping and once it is rising, you see them mooning. It's really an issue.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
August 26, 2018, 04:53:46 AM
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.
full member
Activity: 854
Merit: 102
MoonDeFi
August 26, 2018, 04:53:41 AM
I believe that the main problem of altcoin is their volatility. No one likes the unstable course. All investments are at their own discretion and you do not know what the cost will be tomorrow
sr. member
Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
August 26, 2018, 04:33:15 AM
Price wise you are quite right as they are influenced by the price movement of bitcoin, almost all trading pairs in crypto is againts bitcoin so ofcouse they will be bitcoin dependant, that's why it's very important to have more fiat pairing so that the projects can be independent and their value will grow according to the development and progress of their project.
member
Activity: 459
Merit: 10
August 26, 2018, 04:30:33 AM
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.
member
Activity: 434
Merit: 16
August 26, 2018, 03:53:26 AM
The biggest problem of altcoins is not they are dependent on Bitcoin. But that they do not have any products in many cases, only promising words and that is everything. Their value is based only on faith and that is very very bad.  Undecided



Yes, you are right, I am for 2 years already in crypto, and all that I see promises and expectations from developers, no one altcoin has really useful product for people.
member
Activity: 434
Merit: 16
August 26, 2018, 03:51:16 AM
The biggest problem of altcoins is the useless product, 90% of ICO have no product at all. I advise you to look for ICO KamaGames - European social mobile poker operator, their products audience has exceeded 100 million players worldwide. So no doubt that their product will be really useful ).
hero member
Activity: 924
Merit: 500
August 26, 2018, 03:42:30 AM
The biggest problem of altcoins is not they are dependent on Bitcoin. But that they do not have any products in many cases, only promising words and that is everything. Their value is based only on faith and that is very very bad.  Undecided

jr. member
Activity: 155
Merit: 1
August 26, 2018, 03:38:47 AM
Basically the dependant of alts on bitcoin is due to the fact that bitcoin is the first cryptocurrency, popular known and can easily be exchanged back to fiat. Exchange pairs alts with bitcoin and ethereum, this simply shows that ethereum is gradually taking over the dependant on Btc.
jr. member
Activity: 98
Merit: 1
August 26, 2018, 03:26:31 AM
The main problem with altcoin is that when the bitcoin price is automatically reduced, the price of the altkoks will increase. Even some of them will not depend on bitkoyna and because after raising a certain amount they will start to deceive investors, and they will become zero.
member
Activity: 238
Merit: 10
August 25, 2018, 01:52:39 AM
Among the main problems for me - high volatility, a significant dependence on the state of BTC and the complexity of a reliable choice of suitable altcoins for investment.
member
Activity: 392
Merit: 10
August 25, 2018, 01:39:43 AM
For me, the main problem of many altcoins is their rather high volatility. In this respect, the BTC remains more stable.
member
Activity: 308
Merit: 10
August 25, 2018, 01:38:00 AM
I believe that the main problem is the significant dependence of altcoins on the price and condition of BTC. When it starts to fall, many altcoins have serious problems.
full member
Activity: 294
Merit: 100
August 25, 2018, 01:29:31 AM
Yes, one of the key problems of altcoins today is a significant dependence on the state and prices of BTC. When the BTC falls, the situation for altcoins is sometimes critical.
newbie
Activity: 95
Merit: 0
August 24, 2018, 10:55:44 AM
Many exchanges now create trading pairs to the dollar. So soon the dependence of coins on bitcoin will be finished.
I don't think that'll happen anytime soon.
Bitcoin itself is a milestone in this crypto world.
newbie
Activity: 45
Merit: 0
August 23, 2018, 08:25:16 AM
The biggest problem of current altcoins is that it is a strong slump, and most investors have lost confidence in the altcoins. In addition, overweight prices have a big impact on the market and their prices.
newbie
Activity: 112
Merit: 0
August 22, 2018, 01:40:44 PM
Yes, I agree the biggest problem Altcoin is because it depends on Bitcoin. If Bitcoin cannot survive, I'm sure Altcoin also slowly cannot maintain its existence. Bitcoin is the most trusted and most promising coin so if the main coin is dead, the children will die. Grin Grin
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