Topic: what are the disadvantages of altcoin ? - page 6. (Read 561 times)
Almost all of the answers in this thread are reading pretty generically and boring to me. It seems that this topic is rather played out, but to put it simply the amount of useless ICOs and altcoins that exist and continue to be created are giving cryptocurrencies a bad name as whole. The overwhelming majority of these coins are created without any creativity, technology innovation or solutions being offered within their project. Bitcoin has practical uses and solves practical problems. Everything that these altcoins generally stand for is selfish, manipulative, short-sighted and malicious. Obviously they are not all like that, but it is too often that the good altcoin projects are lost in the weeds among those I speak of.
bitcoin loss is the price that can go down drastically after the ICO is over, and many coin-coin scam today
Well, altcoins are being developed on various native blockchain like ethereum, neo, stratis, nem etc. As these native blockchain have limitations, altcoins built on top of that appear to have limitations.
The first major reason can be adoption.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins.
I suppose you are right about the addresses as well as volatility. However, if you send a letter with some cash to the wrong address, you will probably lose them as well. And does it really happen every time with cryptos? I mean, if you misspell something from the address and there's no address with the code such as you wrote then they disappear? Well, anyway, as for volatility, it is both attracting and shocking people. Generally, people prefer stability, but technically there's no stability, because people keep selling and buying coins, trying to get profit. In this sense, there's also demand for volatility.The first major reason can be adoption.
If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.
Volatility of altcoins is the most important factor behind poor adoption of altcoins.
As for adoption, I think it is not a disadvantage of cryptocurrencies, but rather is something that they lack temporarily.
I think that the worst thing about altcoins is that there are too many of them, while humanity need a lot fewer than what there already is. This means that the market will inevitably lose funds, since lots of coins just won't make it with time.
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.
Altcoin will fall as BTC prices fall, and the price of BTC will rise as the price of BTC rises.
in your opoinion what are the disadvantages of altcoin ?
altcoins is not the same as bitcoin, they all have different purpose, they are not like bitcoin. there's a lot of altcoins that has been launch every single day, and every altcoins have the possibility to drop its price depends on the developers move. 
in your opoinion what are the disadvantages of altcoin ?
Which one?I would say there are many good altcoins but they are under bitcoin shadow or something is missing. Take a look at stellar for example - fast and reliable but lack of wallets, it could be great altcoin. In my opinion altcoin has to be fast and secure, and it should be accepted in stores as bitcoin is.
They scale worse than the big boys, and the big caps already have problems. I wonder if these coins will be 1:1 fungible and if many retailers will accept them. Basically my main concern comes around the usage and utility these tokens and coins can provide. If you can't use them, then whats the point?
The disadvantages of altcoins are more on scammers that surrounding on altcoins business transactions, so let us double careful on making altcoin business transactions. Hopefully the cryptocurrency management will find a direct solutions on scammers to avoid destructions on the credibility of cryptocurrency business. Because many people afraid to invest altcoin because of scammers.
Most altcoins are nothing but a means for speculative trading. Besides the huge one like Ethereum and Litecoin, most of them do not have any use at all and no acceptance whatsoever. They may have development, yes, but most of the time that developments are meant to create hype in hope to pump the price.
The disadvantages of some altcoins in comparison to Bitcoin may be lower acceptance, lower publicity and lower security. It depends on the altcoins as there are many scamcoins and also very established and promisable altcoins with interesting innovative technology and projects behind them.
All investment in the cryptocurrency is a risk. You can win, but you can lose. Especially it was noticed by those who invested their money in bitcoins. But in this currency there were both ups and downs. But in comparison with bitcoins, altcoins are even more unstable. Perhaps the downside is that there is often a hype generated by coin communities. Often, little-known analysts start without evidence to spread information about the rapid growth in the value of one currency, which is actually not the case. Therefore, you need to invest only in the coins that you have researched.
in your opoinion what are the disadvantages of altcoin ?
1. There are several coins in the crypto world that have little or no value, in short, useless.
2. They are easily influenced by changes in the market and by bigger coins.
3. Some are used in unethical ways, because hey, they are untraceable.
Biggest disadvantages of altcions will be there are a lot of altcoins out here which including true one and also fake one. It is necessary for us to do our duty as in do research to know more about the coins that we are going to invest, or else we will losses our investment capital for nothing.
I think its a loss if it leads a scam. That is all. Why loss? Because it has been a waste of time. But if it leads to a scam, it's useless.
In my view the main disadvantage is the non stability and high volatility, also if something goes wrong it effects the value drastically, i have seen alts going valueless within matter of days.
The main disadvantage I see here is that they are developed based on another crypto currency like, ETH, NEO etc so that they inherit the limitation of their parent currencies. The price is also given relative to ETH, NEO, BTC or another, so if that currency goes down, the value of out ALT also goes down.
Most altcoins do not have such a wide infrastructure as bitcoin, which is the main argument against this money in people who do not recognize alternative coins. Many altcoins, even bitcoins are no exception, are accused of illegal transactions. In particular, for conducting secret accounting. For example, Dash and Monero can not be tracked even through the block, so transactions in them can be a threat.
Altcoins are used only as an investment device rather than their own use case. This is the biggest disadvantage of any altcoin unfortunately it is created by users itself. Other than this there is alot of manipulation in the market of altcoins.
Almost disadvantages altcoin is its pump and dum, dont have any liq. Also Almost ICO nowaday is Scam and Fail project, Investors dont trust their NEWcoin. ALT coin like ETH still growing right now, ETH have best ecosystem for decentralized network for our crypto future
Jump to: