Topic: what are the disadvantages of altcoin ? (Read 553 times)
Altcoin kingdom is as whole related to BTC directly. If BTC tends to fall ALTs tends to fall more but when BTC rises the same always does not apply.
in your opoinion what are the disadvantages of altcoin ?
Any coins all have advantages and disadvantages, and it depends on which technology that it is running. I think there is one only general disadvantage for Altcoins is that easy to be controled 50% by someone or some groups
From the word altcoin - alternative coin meaning it's not the main dish. It is just a second or third option. If the main coin (Bitcoin, Eth) fails, all others are will fail. That was just my opinion.
I bought Zclassic at 150,000 satoshi and now it's about 50,000 satoshi.
It was definitely a loss for me when I was sold now but if it was in the HODL it could be said that it had not been lost because the world was still spinning.
It was definitely a loss for me when I was sold now but if it was in the HODL it could be said that it had not been lost because the world was still spinning.
I think the main issue of altcoin is that they are usually less circulated in the cryptocurrency market. Comparing the altcoin like ETH, bitcoin is more usable and tradable in the market.
in your opoinion what are the disadvantages of altcoin ?
it's being so unpredictable. difficult to say which one will be here to stay. and it's not always decentralized. this is just my opinion, though
Dear all,
what are the disadvantages of altcoin ? Yeah, sure! The altcoins have some disavantages. This is a new method applied on the finance background. Besides, many countries do not accept the crypto transactions,...and other difficulties.
what are the disadvantages of altcoin ? Yeah, sure! The altcoins have some disavantages. This is a new method applied on the finance background. Besides, many countries do not accept the crypto transactions,...and other difficulties.
I think the disadvantages of altcoins is very risky and the price of altcoins is sometimes is very deep price and unpected dump a price. And advantage of altcoins are quike pump a price.
If we are talking about advantages, there will be many advantages. But about disadvantages? Well, I think it is about the risks and its fluctuation price of the altcoins. Sometimes, we put our money or time in the altcoins. After some months, we got nothing. It means that we lost our money and time in spending in the altcoin. However, so far, I really get more advantages than the disadvantages.
in your opoinion what are the disadvantages of altcoin ?
For me, the disadvantage of alts is when its going to dump. Im talking about attending a bounty as an example. We do the participation almost 3-4 month and the ending is a dump coin. The time is wasted and the hardwork too so that the baddest thing about alts wirh we talk disadvantages.
the impediments of altcoin is its unsatable cost and its high votality, yet this hindrances of this altcoin can be your points of interest in winning cash from this altcoin. Due to its temperamental value you can purchase when its plunge and offer when its high. There are such a large number of altcoins existing now in crypto world some of them are in low costs and some of them cannot get any higher cost. Some of them likewise got delisted in light of its low market top.
in your opoinion what are the disadvantages of altcoin ?
I think right now the disadvantages of altcoin is that there are way too many of them. At this point anyone can make an altcoin and use the coin to scam people. If we had less altcoins in the market then the prices would be doing a lot better than they are now. In the coming years, we will be watching alot of scam altcoins failing but the problem is that as they fail, they take money out of the market with them.
Well from the cost clearly, on the grounds that numerous alts have a blending with BTC and have a major connection with the cost of btc, as if the cost of btc UP alts cost down and when btc down alts additionally end up down in the cost.
The primary impediments of altcoins are the temperamental cost and high instability. because of the precariousness of the course, huge speculators won't have any desire to put resources into altcoins.
Altcoins have a direct dependence on Bitcoin. If there is no trust among investors or other market players to Bitcoin, then Altcoin in this case lose in everything.
The rapid growth of cryptocurrency in recent years has caused prices to fluctuate dramatically. Many developers only want to profit from the altcoin they create without paying attention to the value of the community.
In addition, "sharks" can manipulate the market. They flush a heap of money into low-priced coins that make them rise and then sell to make a huge profit. Those are huge disadvantage.
In addition, "sharks" can manipulate the market. They flush a heap of money into low-priced coins that make them rise and then sell to make a huge profit. Those are huge disadvantage.
Trading with Altcoin in the virtual money market is easy and cheap. The Altco you purchased may wait for a while and sell it after the value has increased. The disadvantage is that it quickly loses value.
You have to be learn really well about each alt coin You going to invest. It must be an good research , If You lazy or learning , when buying alt coins You can have huge losses. When btc bullish or when it dumps Alt coins always going down as they are so much pegged with bitcoin prices
What do you mean, the altcoins are flawed? All altcoins have different technology and you will not be able to compare them by any one criterion. The only drawbacks are altcoins that have no technology.
I feel that altcoins potential is sort of limited having another coin at it's base, but the actual disadvantages depends on which altcoin you're referring to. Ethereum is still a solid coin with plenty great perks and value
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