Bitcoin Forum

There are a lot of people who think that alts are down just because of last months and this month's fork.
While there is truth to that, there is a simple explanation that is easy to overlook:  You can actually use BTC.

When BTC crashes next people believe the money will flow back into alts, but this time I think some have really just leveled off or will die off completely.
The market is oversaturated with projects and companies that have a coin but have absolutely nothing to back it up.
Look at the top 100 coins at coinmarketcap, how many of those projects actually have a workable product or use for their coin?
Why would say, something like Chainlink ever go up when there is absolutely no use or product behind it?
I suppose longterm, there are prospects, but this time I'm thinking not all alts will recover like people hope they will.
The money can flow back to alts, but it will flow back to reliable projects and leave the rest behind.

Oh, by the way, btc silver fork in december...ugh...

And one more thing, what's up with so many people asking the same questions about ICOs?  Whatever happened to a little forum reading or good old fashioned research?

the good seasoned alts with real use cases and functioning software will rise.

the rest .... well

Yup. That's how it's supposed to be

A lot of people are hoping on alts going up after the fork.
If bitcoin crashes then alts will have to go up higher than bitcoin is falling and that is highly unlikely.
And if you look back to a year or so ago the top coins aren't even relevant anymore.

I completely agree. The upcoming months will weed out the scams and weak infrastructures. One I would keep my eye on would be cybermiles. Generally those with a solid team, existing platform, and great market fit are the ones that succeed. I see a lot of potential in them.

Not a lot, but all of the speculators, the altcoin as a way to gain the more money in this time. As you can see many people are betting in the next jump of the altcoin. OP seems make incorrect thread about this. This seems threatened the altcoin itself. That's why all of them in competition to deliver the useful product. Some already used their own product but another still on the development.
THe purpose of ico to help ico to get the more fund to develop the product. But some incompetence person just try do that to make another crap.

If a coin is good, it would not die easily but if it is really good in terms of team, project, development etc. It will survive anyway. But there will be lots of coin failed for sure.

A lot of alts won't survive long term, just like how most start-ups fail long term, pretty much everyone accepts this. Whether it is the forks that will cause alts to crash remains to be seen. The forks being a catalyst for bitcoin to make another bullrun has meant that significant attention and more money has come into the whole eco-system.

On a longer term scale I think that is most likely a positive for alts because it will mean more people buying alt coins as a certain % of those invested in bitcoin will look to other coins for investment. Nearly everyone who first starts off in crypto starts by buying some bitcoin before getting interested in other coins.

I have some doubts about it. Usualy while bitcoin is having a strong dump most of alts are red together with BTC. When BTC crashes most users will just try to pick fiat.
Well, the more hyped alts (like bitcoin cash, lol) always survive. Such forks can be even good for usefull alts because it makes them less speculative.

I like your perspective about the aftermaths of the bitcoin folk scheduled for November. But i would like to say this with certainty that nobody knows what will recover or not. Even bitcoin might disappear snd stop existing while another coin know or unknown might replace it. We surely do not know what will happen yet!

That's not true. Most of time when BTC drops, the whole market drop together.

for example we can see eth as an example.

definitely believe that alts will still survive, given that they have a great time and a working product eventually.

Your argument is true because what most people who have tons of their investment in alts always pray is that btc price will crash therefore that will lead to the pump.of the alt market but what they forget is that while an outflow from alt could be traced to the inflow of btc, the same cannot be said in the case of outflow from BTC because btc is just independent on its own and can be exchanged directly to fiat.

this is exactly what i have been saying for years!

people think the drops are because of bitcoin rise, bitcoin fork,... but the fact is that bitcoin related stuff was only one of the reasons (the smallest reason) for the altcoin dumps. the reality is that bitcoin stuff was mostly like the catalyst which hastened the inevitable dump of altcoins which were in fact in a big bubble which had to burst.
and since many still don't believe this, many of the bubbles still remain and will bust slower but it is inevitable. the dump part of the pump will always come. it is like a seesaw, you can not just go up, you have to come down at some point before you can go back up again.

Which altcoins are you speculating will dump that haven't yet?

Nobody knows what will happen but probably you are right that some of altcoins will not survive the forks. I believe that due to the Forks people where selling their altcoins and buying BTC, but after the fork I expect that people will sell some of their holdings in bitcoin and buy altcoins. Altcoins like ethereum and monero will probably continue to raise, while some of altcoins will not survive. The time will show what will happen. It is really interesting to read different opinion on this topic.

maybe it is true but as long as the dev and the team works seriously then I think the coins will be survive after the forks and the price will not getting affect or maybe it will affect by a little. i see there are many coins that is trying to survive because of the fork and they still trying to exist in the exchanges and they have a bigger community that will ready to give their support to help the coins survive. but it will back to people which doing trade in the market and the exchanges because if one coins is getting listed in the exchanges, the exchanges have a fully decision to keep the coins in their listed.

I agree, good season for good alts, as it should be. Useless stuff will die quick deaths.

Possibly lots of alts wont survive for the reasons no development of the project. It has been left by developer thats why most alts wont survive. But still there are some alts will survive and continue to grow.

Soon altcoins will become more attractive for investors. But i think their choices will be major ones such as Ethereum, Litecoin, Monero, Dash, Ripple, Stratis and Waves. I don't expect all the altcoins rise in price. But it will happen to some of them.

It is difficult to foresee the further behavior of coins. They are born almost every day. Do you think speculators look at the project when they buy and sell coins on the market? They look mainly at the chart. Predicting the popularity of coins is not a thankful business. As soon as the coin hits the market, it already begins to live its life, regardless of the project. Many projects remain unrealized projects, the team collected money and divided, and coins are still traded.

most of them really. specially those smaller ones that have recently been pumped like Vertcoin and Potcoin which is being pumped now. as i said it is a seesaw, these coins are currently high on top and they have to come down (out of their bubbles) to recover at the bottom and build up for the next pump.

Yes! some altcoin may not survive  after the fork but remember that there has been several hardforks except this month forks is going be entirely deffrent from the past bitcoin forks .however,I think this month fork may not change or affect the existence of some of these coin.

Despite those aimed at speculations, there are also a lot of people who play long term, believing in one project or another, one particular coin or another. Good coins, projects should be fine.

In the end it will come down to who has found an actual use case for their token or coin

Only the shitty ones won't survive and it might be a good thing. I personnally have trust in the coins in which I invested and am pretty sure they'll be fine.

I do agree on most of your points here. I have always looked at the company, the vision and the projects before getting into an alt coin. Too me it's like looking at stocks. Do I understand the vision? Does the company's vision have a real world purpose? Is that purpose possible to implement.

I tend to stay away from alts that either make no sense or have a 'pie in the sky' idea ... and yes I think many of those will die off. It's the nature of business, tons of ideas but only the cream of the crop actually survive.

A nice speculation and may come true.
The fact that they have sold all their alts means they could pick again next time. They might not go back to the altcoin that they use to support and just end up with the one that survived the fork and still in green after everything. I would use this one to avoid losing money.

Yeah, i agree. This worries me a lot as well since i hold a lot of shitcoins right now. Waiting for the right moment to sell. Have a littke profit already but haven't reached the line i hoped it would. So still i am waiting because i am itching to get rid of these bloody coins.

Oh well, crypto world is all about survival of the fittest, so i will just have to invest in some good projects that i think would last amd have great potential to increase a lot of times in price.

In fact, why are there so many alt coins? It is about time to kill more than half of them. Shit coins = pumping & dumping business.

Off course most of altcoin will not last but I don't think that will happen after the fork, it will take more time until all this useless coin will fail.
Wait and see, the top 100 will continue to change but the coin will not fail this year I think all will start when this famous "Bitcoin Bubble" will pop

Well it's the same episode like in the past , the good alts with real developement behind will rise again but maaan the others will be doomed this time. Make sure guys you triple check a coin before buy it. Soon the alts season will begin and it's time to pick up a hunt.

The good coins will definitely stay around, why do people think everyone wants to get into crypto through a 7500 dollar bitcoin?

I have always been skeptical about projects that offer airdrops without proper planning. Usually, an team just come together, offering airdrops hoping that people will invest in their bubble projects.
I think of them as scams, though not all of them are actually.

That's why I take pains to research a project before investing in it. As a principle, I don't invest in coins that has no working product or great dev team.

I have some too, and I'm waiting for the right time to dump them. The problem is, the coins might seriously go down in value as to become very worthless before I could sell them

Totally agree with the 'weeding out' analogy, as with mother nature, the strongest will survive, some will cheat but the honest and steadfast will stand out, tall and strong.

i think only altcoins having a finished product will survive and recover after the becoming big crash!

other alts will dies certainly!

Suppose that when (and IF!) SegWit2x happens in November we will get only the new crypto. Yes, it can destabilize the cryuptocurrency market – some alts will fall. However, the most of altcoins, especially so stable ones like DASH, Ripple or Ethereum will stand this event.  8)

alts that has good products shall survice the bloodbath or else many of us will burned.

Yes, I'll not argue on that thing. As these forks are being implemented and it's a continuous process of making another split coin from bitcoin they won't stop. But those alt coins that has good name and has good market cap will stay.


The way people think right now are into the profit, many did just ignored bitcoin before and are focusing with alts and when something happened to alts and it keeps on crashing they found hope to bitcoin. They don't care about it's price as long as they can recover and have profit, that's what really matters for them.

Ok, so now there are news about cancelling segwit. What will the future of alts be?

I expect the ALtcoin market to recover a bit, but the selling pressure will continue to be high as Christmas time approach because people will need money for the festive period

The fork is over now. So the question of altcoin not surviving it is irrelevant. If the fork had happened, who knows may be the whole cryptosystem would not survived it.

And now these people were right, because when second fork is canceled all altcoins are growing up and are green.

btc silver fork, it's another hard fork? It seems funny when there are more and more hard fork in the future

I also check few charts all are going green and its just because of canceling of fork but pressure is on as they have very few chances to survive just few solid coins can do as they have good devs and marketing tools bitcoin is also going good as touching new highs every day

I know. I thought the same thing. There are so many bitcoin forks these days that it is tough to keep track of all these forks. I knew that bitcoin gold fork took place recently, but never noticed it much thanks to the crazy rally by bitcoin. The segwit2x fork seems similar to all the previous forks and does not seem like it will be successful in any aspect. The upcoming bitcoin forks will continue to help bitcoin rally towards the 10k mark in my opinion. No stopping this beast.