The disadvantage is the difficulty of making a direct fiat - altcoin conversion for most of the altcoins. Therefore, the fortune of altcoins are still considerably influenced by the
general market climate surrounding Bitcoin. This can diverge in the future, as many altcoins are asserting to accomplish functions and technology that are decidedly different
from BTC.
Topic: what are the disadvantages of altcoin ? - page 4. (Read 561 times)
developers became my first concern
a lot of SCAMMER roam to deceive us
preferably, you should be more careful in investing in altcoin, because I've felt in a lie by someone and it's very unpleasant
a lot of SCAMMER roam to deceive us
preferably, you should be more careful in investing in altcoin, because I've felt in a lie by someone and it's very unpleasant
in your opoinion what are the disadvantages of altcoin ?
There is no disadvantages. Each coin, a token, is created for realization of some function or maintenance of work of some project. To understand their shortcomings, it is necessary to consider the shortcomings of the project.
The disadvantages of most altcoins is that they dont actually do anything. What is the purpose of having 1,000 clones of Ethereum? They all function the same, look the same, smell the same. Ditch them.
What? Are you mad or something? It's your opinion and I respect that but how can you say that it doesn't do anything? Well,infact, beginners invest to them. That is the evidence of how useful altcoin is to the newbies. On the contrary, maybe one noticeable disadvantage of altcoin is the unpredictable dumps of prices for wecannot control this situation. That's really annoying and it has a big impact to other investors too.
Of course, compared to investing in the stock market or even real estate, ICO crypto-currencies are much more volatile. Problems such as hacker incidents can cause investors to quickly lose all their investments. Of course, such sharp incidents are rare, but the main losses in the ICO value are not unheard of.
Disadvantages of altcoins are big amount of them, not decent developers, 90% of altcoins implement blockchain in spheres, where it is not required. And the price is the resalt.
Some of the altcoins are used to be a scam and that's one of the disadvantage of it.
Not only it, seeing on how many traders are also staying with altcoin because they can do a massive pump and dump to those coins which is only beneficial for them. They are taking advantage of it while the small traders are being left behind with their investments due to this act.
Not only it, seeing on how many traders are also staying with altcoin because they can do a massive pump and dump to those coins which is only beneficial for them. They are taking advantage of it while the small traders are being left behind with their investments due to this act.
There are many disadvatage of altcoin but the major fact that altcoin is not worthy all the time is because sometimes the price value can easily go down. It will instantly become not profitable when you have done something wrong.
in your opoinion what are the disadvantages of altcoin ?
In my opinion, the main disadvantage is that they are traded and fully dependent on bitcoin. And if it falls, then fall and all altcoins, of course, there are exceptions, but they are not much 
That's a pretty vague question but let's try to answer. There are too many altcoins with little or no use case at all. Many have died, abandoned, or remain stagnant since they are irrelevant. There's also too much hype going around which I think is not good in the long term.
losses in altcoin that we can be due, how we see altcoin it has reached ico rate. but when we stand and then our altcoin decreases and requires a long time to rise, that's where altcoin losses. in essence we have to focus see the market. so we know the market rises or not. this is one that I know. how do you expect this?
anything else? yes alt coins indeed hard to survive for longer time . pretty different to a strong built coins such as bitcoin where the support will make it last for very long time. also when an altcoins lack of development it will get abandoned and disappeared faster than what you can ever imagined.
The disadvantages of most altcoins is that they dont actually do anything. What is the purpose of having 1,000 clones of Ethereum? They all function the same, look the same, smell the same. Ditch them.
a lot of manipulation and the less good system owned altcoin make altcoin still weak and difficult to pursue bitcoin. If fluctuations I think all crypto feel including bitcoin. with systems that are less well made altcoin are often lost or in terms of fast won't last long and these dubious investments.
In my opinion, altcoins have both advantages and disadvantages, but the main disadvantage of altcoins is their volatility in price and their attachment of all altcoins to the Bitcoin exchange rate.
losses in altcoin that we can be due, how we see altcoin it has reached ico rate. but when we stand and then our altcoin decreases and requires a long time to rise, that's where altcoin losses. in essence we have to focus see the market. so we know the market rises or not. this is one that I know. how do you expect this?
Your question as if pulled out of context.
All altcoins are different. How can you talk about the shortcomings of all at once? Each of them has its advantages and disadvantages.
1. Lack of anonymity. Almost all transactions can be traced, however some altcoins are created to solve this problem. There are additional methods of encryption.
2. Very complex and expensive mining. This is a drawback. But, not all altcoins can be mined. Some projects are developing a super-computer to speed up the processing of data.
And so you can continue to infinity. I think you need to adjust your question in a narrower sense.
All altcoins are different. How can you talk about the shortcomings of all at once? Each of them has its advantages and disadvantages.
1. Lack of anonymity. Almost all transactions can be traced, however some altcoins are created to solve this problem. There are additional methods of encryption.
2. Very complex and expensive mining. This is a drawback. But, not all altcoins can be mined. Some projects are developing a super-computer to speed up the processing of data.
And so you can continue to infinity. I think you need to adjust your question in a narrower sense.
Altcoins are real-time projects like other crypto money. The disadvantage is that it will lose value in a very short time. Easy trading is affecting this situation.
The disadvantages of some altcoins are, nothing value, some altcoins nothing contract address to trace in the market, long time to wait a price, some are useless, if you have altcoins not enough quantity to sell in the market, but not all altcoin is useless there are also many altcoin that have advantages
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
Instability.
They're volatile as hell and you never know what's gonna happen. Not to mention you don't know when the crypto bubble is gonna burst.
They're volatile as hell and you never know what's gonna happen. Not to mention you don't know when the crypto bubble is gonna burst.
aside from they're not stable coins, most of the have no working products or projects.
That's why most altcoins aren't pumping because they have no other reason why their coin have the right to pump.
some altcoins have working products and projects and that made them listed as one of the top altcoins in coinmarketcap.com and those top altcoins are worth for more investments because they have a good crypto projects that somehow useful for some users and investors.
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