what are the disadvantages of altcoin ? - page 5.

delitte

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Quote from: benjaminpeters on April 15, 2018, 07:06:13 AM

in your opoinion what are the disadvantages of altcoin ?

in my own opinion, a huge disadvantage of an altcoin is when it's crypto project isn't that having high in demands or they're not effective enough to meet the community gap between people and services.
there are too many altcoins today that their price values aren't pumping because of their crypto projects that were not that effective and people didn't see them worth of investments.
Bitcoin is a peer-to-peer cryptocurrency but when there's another variety of altcoin that are almost the same with Bitcoin then I don't think it has sense or would have worth of investments.

panjay

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Well from the price obviously, because many alts have a pairing with BTC and have a big correlation with the price of btc, like if the price of btc UP alts price down and when btc down alts also become down in the price.

sunX3

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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.

boranes

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Quote from: cryptokingdom on April 19, 2018, 04:25:24 AM

The major disadvantage of alternative is being dumped easily. There are some alternative coins I have that worth some reasonable amount but now it has turn to shit coin within a twinkle of an eye.

That means you didn't do any research about coins, you blindly bought them, someone dumped them on you and congratulations, you have become proud bagholder.
Not disadvantage in my opinion, rather ignorance.

cryptokingdom

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The major disadvantage of alternative is being dumped easily. There are some alternative coins I have that worth some reasonable amount but now it has turn to shit coin within a twinkle of an eye.

rudox

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Some of the disadvantage of altcoin is the inability of the dev to push the altcoin further after ICO. This will frustrate the investors as their money hangs. Also some of the altcoin will at the end of the day will turn to shit coins.

loaddebitcard

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The key disadvantage of altcoins is the inadequate community. All that guys went here for profit only and they doesn't have any basic knowledge, freaking people out on the forum by their "wise" advice and statements

Atits

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Exposure to bitcoin specific scam and fraud. black market activity my damage reputation and usefulness. susceptible to high price volatility. potencial to be replaced by superior cryptocurrency. no charge back or redund..

boranes

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Quote from: Lodipetmalu on April 15, 2018, 11:46:22 AM

The advantage of alcoin was it make the transactions easier since no more physical need to purchase goods or services. All you need is to have internet to transact with it.

I wonder how long it took you to came to such great conclusion.

Quote from: HALLASTERA on April 15, 2018, 03:37:33 PM

I suppose the most popularity altcoins will survive because popularity creating the value.

They will all survive because of fomo investors who can't sell them right now because they will lose money.

Quote from: nahnah on April 15, 2018, 03:23:08 PM

I think the loss of altcoin is a scam, and the second altcoin takes enough time to grow and develop,

That ain't disadvantage.

hahay

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Altcoins can not survive in the long term for those who do not have the potential due to lack of enthusiasm from investors as well as from traders. So most people just choose altcoin that has a high potential in the market, I also several times mine altcoin and some of them very difficult to sell at the price I want.

HALLASTERA

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I suppose the most popularity altcoins will survive because popularity creating the value.

nahnah

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I think the loss of altcoin is a scam, and the second altcoin takes enough time to grow and develop,
Altcoin prices are also very volatile and unstable,
So vulnerable for investors to lose money,
If not careful in choosing ICO

Spiero7

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The most striking problem I can pinpoint here is that of its over dependence of their price on the up and down movement of Btc price. It always sad to see many of them going down the drain when Btc's price seems to be diving down.

1NV3ST0NM3

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Most Altcoins are temporary because they are launched for raising capital for a short term project. When the project is completed the Altcoin disappear. So they are not for long term investment. They are so many Altcoins in the crypto market that it’s tough to find the most profitable and legitimate one. Many of them are scams and failed projects. Altcoins also don’t have high adoption rate. But the biggest disadvantage is that most of them even end up being a scam. But in future after some regulations surely there will be a lot of scrutiny and only the fittest ICO which bring some utility will survive. This will really clean up the whole blockchain market.

berezov_petro

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It seems to me that the biggest disadvantage of altcoin is that they are very large and most of them are simply unnecessary to people! Also, I do not like the fact that some currencies are not decentralized, because decentralization is a major plus cryptocurrency!

alexzorgo

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Recently there is a feeling that new coins are being developed and released to the market not for the sake of innovation but only for short-term profits. This monetary rubbish prevents to break through to those projects that have a really useful technological solution to modern problems.

sunnydmd

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Quote from: benjaminpeters on April 15, 2018, 07:06:13 AM

in your opoinion what are the disadvantages of altcoin ?

altcoins are too much out there, too much I repeat, and it's too hard to find a diamond in sand beach.
and only one more disadvantage is they're not been well-known yet.

almost every coins born after bitcoin are advance than bitcoin in some way.

BogdanGFTP

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They are more centralised then bitcoin and they have not got so strong community

krishnaverma

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Quote from: benjaminpeters on April 15, 2018, 07:06:13 AM

in your opoinion what are the disadvantages of altcoin ?

Following are the disadvantages of alt coins:

1) They are all trying to be the next bitcoin. If some coin has real potential, it will sell on its own name only.

2) Most of the alt coins are based on ETH platform and have done no innovation at all.

Azzam Khalif

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Quote from: benjaminpeters on April 15, 2018, 07:06:13 AM

in your opoinion what are the disadvantages of altcoin ?

I look to Altcoin more at risk for a uniform decline. it is a long-term survival. so the recovery takes a long time. besides, the recovery will not be the same.

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