Topic: We failed altcoin!! Altcoin then did the same - page 2. (Read 552 times)
We are not to blame here, altcoins that offer nothing new to the table are the one to blame for all their mess and failure to succeed, investors and the whole community are always on the look for the new technology or project to embrace but these altcoins are just pump and dump scheme, that is why many investors are losing their hard earned money.
not all altcoins like what you said were failed, and there are still many new altcoins that have clear goals and functions about the mission that they really want to achieve
Some altcoins were getting a very good performance and just because it was being too late to get a pump and it doesn't mean if altcoin has already failed to achieve the target. Everyone must be patient for that. The goal can't be achieved in one night.
There is sense in what OP wrote, so I partly agree with him. "Partly" because in as much as all investors are interested in making profit, and majority will want to dump fast after token sale, the team members in question most times are not genuine. Most team members roll out updates to dump, for instance I participated in one ICO XENTIMENTUM in the past (now a dead project). Immediately after listing on hotbit, the team kept hyping with product launch and big exchange launch the coming week. That same day, all buy orders were cleared and if you set any fair buy order, they clear it. The instance I gave is to prove that most team members are to be blame for failure of altcoins, not entirely investors.
Altcoin failed investors mate, since 2017 when ICO was here we have many investors that are willing to invest millions on new altcoins, at that year 99% of all ICO raised hardcap or over softcap successful, what a year, but many of them altcoins failed, turned scam or exit scam, we lost lots of investors in crypto space due to this, how did investors failed altcoins??? 
If we can visit the market of altcoins we will understand that most of them are asleep now, this is due to the decline in the number of investors as well as the deterioration of the overall operation of the project. Otherwise for a new project if there are want good investors market then there need must be the highest quality project roadmap and promising activity.
Not all of us! There is always a bad seed among others. This speaks for both altcoins and us, investors as well. There is nothing we could do about it when the monetary value always the first thing hook people up instead of the novel goal that altcoin could bring back. Few altcoins take advance of this and become a half ass, failure or scam too so I don't think all faults at us.
Sure the fall in the price of altcoin is not our fault but sometimes the fall of the price of altcoin is due to a mistake from the developer which might not provide a good development and cannot create a profitable solution so that the conditions fall like that.
I believe you are right, we all encouraged scam altcoins projects simply because we want to benefit from the hypes and were too profit oriented.
Now more scam altcoins have surfaced, more altcoins without usecase has surfaced and its difficult to cry foul.
I am of the opinion that all altcoins failed because the few that did not fail in price, refused to to launch their product until today
Now more scam altcoins have surfaced, more altcoins without usecase has surfaced and its difficult to cry foul.
I am of the opinion that all altcoins failed because the few that did not fail in price, refused to to launch their product until today
Not all of us! There is always a bad seed among others. This speaks for both altcoins and us, investors as well. There is nothing we could do about it when the monetary value always the first thing hook people up instead of the novel goal that altcoin could bring back. Few altcoins take advance of this and become a half ass, failure or scam too so I don't think all faults at us.
I think it is a two way thing actually. But altcoin has really disappointed alot of investors in recent times with the level of scam projects been launched who care more about crowdfunding then dumping the token on investors and disappearing.
not all altcoins like what you said were failed, and there are still many new altcoins that have clear goals and functions about the mission that they really want to achieve
I won't generally say we failed altcoins however I will say altcoins failed us but not all altcoins. The fact is, to a greater extent altcoins failed us; a project will be Introduced and will look good only for the team to enrich themselves and abandon it once public sale is over. Also, some altcoins will start well, list and ends up becoming worthless and when you check you will realize the team stopped developments maybe they ran out of ideas etc. In the same way, some projects are just for pump and dump, are we also to be blamed for this?
Nevertheless, there are still altcoins which are better and have never failed till date such as ETH, XLM and so on.
Nevertheless, there are still altcoins which are better and have never failed till date such as ETH, XLM and so on.
For me, i do not think everyone failed altcoins, instead altcoins failed us.
A new project will show up, introduce a product, request for crowdfunding via ieo or ico, we buy in thousands as investors, Then token lists, price soars 2 times ieo price, Then team dumps, leaving investors to their faith.
Altcoins will refuse to launch their product, instead, delay announcement until they dump all and go awol.
I am a investor, i do not invest in crypto currency to be compassionate, but to take profits. Altcoins should so seriousness and put their all to make projects a success.
Altcoins rely on us all, as an investor, community member, bounty hunters, but give little in return.
It has to be a fair affair i suppose.
A new project will show up, introduce a product, request for crowdfunding via ieo or ico, we buy in thousands as investors, Then token lists, price soars 2 times ieo price, Then team dumps, leaving investors to their faith.
Altcoins will refuse to launch their product, instead, delay announcement until they dump all and go awol.
I am a investor, i do not invest in crypto currency to be compassionate, but to take profits. Altcoins should so seriousness and put their all to make projects a success.
Altcoins rely on us all, as an investor, community member, bounty hunters, but give little in return.
It has to be a fair affair i suppose.
I understand where you are heading to. But not all altcoin are to be expected to do well, don't jump into any altcoin blindly you can limit your altcoin investment, or if possible focus on one.
For that reason they became Fomo with news and could buy any altcoins introduced.
Personally, I paid for the same case, I bought a lot of coins from new projects. There are some projects that are really profitable but most often end up with a pile of trash.
At the moment I only focus on investing in Bitcoin and the coins in the top 20 largest currencies on the market.
I never failed altcoins but altcoins failed me alot, I'm sure it's same story for others too, they introduce good use case, give out good price at ICO and it all end with disappointments
Thats true.There are some unscrupulous or scammers who make altcoin images worse, but that doesn't bother altcoin projects that are really well planned. Investors, marketers, bounty hunters, will form a good community if the dev team is able to offer quality products with attractive strategies. That is why there are still many crypto enthusiasts who come, there is still hope, as long as they truly understand the risks and determine the right strategy.
The reason people embark in investing in altcoins is because it requires little amount to acquire more tokens and huge profile in some cases.
No
What has happened is that altcoins were created due to greed by developers every project launches with millions of tokens without any utility. No utility what we do is speculate on price which crashes at will due to lack of base for the token. If few tokens exists, altcoins value will increase. Scam now everywhere because everyone wants to cash out quick.
What has happened is that altcoins were created due to greed by developers every project launches with millions of tokens without any utility. No utility what we do is speculate on price which crashes at will due to lack of base for the token. If few tokens exists, altcoins value will increase. Scam now everywhere because everyone wants to cash out quick.
We should failed to become successful. if (Bitcoin) top coin price can dumped huge, what is the wrong in altcoins. But I'm sure some coin will be dead even won't be available recover anymore. Only out of top coin doesn't show any good sign as doing top coin. This correction was needed to cryptocurrency either scam project can easily success.
I think there was also a moment when people started to realize bitcoin is something that needs to be recovered first in order to recover altcoins. So right now, there are tons of people who waits for bitcoin to be 20k in order to start focusing on altcoins, without bitcoin going higher they think there is no reason to focus on altcoins at all.
What we are missing out is the fact that bitcoin may need to increase and we all would love that however this has nothing to do with altcoins, altcoins themselves could increase without bitcoin increasing, we can all love any altcoin we want independent from bitcoin yet we are not really focusing on that. I may love ethereum without really caring about bitcoin, this doesn't change the fact that ethereum could increase while bitcoin stays same, THAT'S what we should focus.
What we are missing out is the fact that bitcoin may need to increase and we all would love that however this has nothing to do with altcoins, altcoins themselves could increase without bitcoin increasing, we can all love any altcoin we want independent from bitcoin yet we are not really focusing on that. I may love ethereum without really caring about bitcoin, this doesn't change the fact that ethereum could increase while bitcoin stays same, THAT'S what we should focus.
everyone has a different mindset about Altcoin, and they have different goals about Altcoin.
Different mindset is the core reasons why, different sorts of individual participate in different altcoin crowd funding programs.
But i do not think there are different goals in investing in crypto currency. It just has to be about making profits
We can say there are people called bitcoin enthusiasts but for altcoin only we have investors so they are waiting for their opportunity to make money from that altcoins and dump all at once and forever but with bitcoin this is not the story.So most of the altcoins, lets say 99% are shits or scams that is why people lost trust and moving towards better and existing coins.
everyone has a different mindset about Altcoin, and they have different goals about Altcoin. but one thing is certain of their purpose, which is to get a big profit when they decide to invest in Altcoin
Jump to: