Bitcoin Forum

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

You know what they have value? there's no one who's willing to buy those tokens so their value has been stuck with the holders.

Only choose those tokens that are worth to invest and don't just go with the hype of investing.

It has been correcting lately.

Yes, you are right there are some over valued coins. For this we need to choose the alts carefully.Else we may incur heavy loss.

That's not to say those alts won't have value in a few years time.

Early days. The biggest gains are made by early investors. If you believe in a project then stand by it.

Yes, it was overrated from last bull run, maybe that is the reason correction has taken long time to end hopeful it will end, this is my second year in crypto, i haven't seen correction so long like this from my experience.

the market grew because there was a HYIP, I personally believe that everything moves according to the rules of trade, and if this is so, then let it move

The market is very volatile and at the developing stage, so the correction is an obvious thing, and due to its volatility it is a sensitive thing for most of the investors, but it does not mean overvaluing.

I think we need a strong cryptocurrency regulation at this time!
too many scams, too many worthless coins. crazy investors!
people continue to buy shit coins without knowing nothing about them... this market is becoming insane...

Do remember that this downtrend has not only targetted the over hyped and valued coins only it has killed all of them even the highest quality projects and coins, just look at the king and queen i mean btc and eth they have been crushed as well, but personally i see a big swing and reversal soon.

Every product in the world gaining value by the demand and supply of it so we never know how much the altcoins are bitcoin alues because it will change too often then the demand changes.But the growth maybe just hyped by some factors so now it is correcting itself and will gain the actual growth in the coming days.

In my point of view, you are right. Now a days, cryptos are overvalued. Even in some cases they are undervalued as well. I believe that crypto industry is still in the developing mood. It will take time to be stable at their reasonable price. Thus the market would be corrected.

Percent of 90 coins from the common market is useless, though have high capitalization. And all why? Yes because owners of these projects invest huge money in the coins to show to users prospects of projects and what money in them is poured. But sooner or later such projects are eliminated because of the uselessness.

True but many of those coins are still being developed. Price correction is expected after every astronomical growth

Exactly! The bag hodlers keep hodling with the hope that the price of the coin/token they bought at ICO skyrockets. Unfortunately, what they bought and are keenly holding is the hope in price surge not a coin/token that actually has good features to offer.

Most cryptocurrencies do not withstand competition. In the future they will cease to exist. I think that there will be a little more than a hundred cryptocurrency. It will be very good for the industry.

This is possible since the price fluctuates a lot in the world of crypto currencies. but this should not be something we need to worry much about it. If we know what we are doing, then it will not hamper our investments since it’s the demand that matters

This could be possible but in the market of crypto currency the price is set on the basis of the demand of the coins in the market. But I cannot say anything about the altcoins as there are both new and old coins together with good and scam coins. I will be in favor of the bitcoin as I have belief on this. I think bitcoin is not overvalued.

Well its good that crypto  overhauled the system so that it easy for the user and investor. Better if they will have system that will automatically block scam crypto  or the dummy one.

What is now happening on the market can hardly be called a simple price correction. Correction of prices, it is ultimately the same ratio of supply and demand. And these concepts can be manipulated, which, apparently, is happening now. If we consider the crypto currency from the point of view of its possible revaluation, then we can say that bitcoin is overrated above all. But cheap coins and tokens continue to fall in price.

This overpriced alts has no grpwth and they are stucked to a point. Don't invest in such coins. Rather choose the coins which has growth and seems to be promising.

For some reason all useless coins have had some purpose for the crypto, perhaps some may emerge from the ashes or even disappear at once. However, in relation to the issue, the market correction is not derived from unprofitable currencies, but from the fundamentalist moment of the market. So with a slight fall some media use this moment to reach the masses without information, influencing the sale in excess.

In recent times there are many countries are accepting bitcoin for this reason those countries peoples are investing on this market. If these peoples are doing trade then automatically market price will raise.

The market now is going down not because people are getting rid of their altcoins but because big league coins like btc and eth are going down and this is getting down the entire market!!

If it's worthless then you wont see the high transaction, and you can't determine the undervalue or overvalue, because ita decentralised, the only one that make it got value is the demand and supply, and as long as people can make profit they will keep on investing in crypto, the market now is slowly healing due to the last hype, so hopefully we are entering the more stable zone

the market has different values it recons with. the fact that events and occurrences take place in the business world, it will always have effects in the market, whether it be positive or negative but in all just be positive and not to consider the price of coins being overvalued

it is true that many new altcoins are emerging and have great value in the market, and this does not rule out the likelihood of many people interested in investing the money there, but we must be observant in assessing altcoins that have the potential to benefit from the funds invested. therefore we must see how valuable the altcoin is and the whitepaper of the company must be clear.

The problem is even the ones with good features are being hit by this correction that you are talkign about.
I have seen great ones.
Aion, Qtum, PundiX, all of these have good products and features and yet they are undervalued.
I dont think that is a correction but more of a foolish investing strategy of people.
Not knowing there are great projects and yet they just go with the hyped ones that are being told by popular people.
So much for being a fanatic only.

Does not make sense if you talk worthless but have a market billions dollar. This is not manipulate but this is your false who don't understand the concept of cryptocurrency who have decentralized system. Cryptocurrency turn over high and low a market to supply and demand, if the market have a high market it mean that market have a lot of demand and otherwise.

That's why alt coins are so called pump-and-dump schemes because most of them are overvalued because pumpers are pouring hard cash with the intention to dump it as soon as they have made a lot of profits. So its right in front of our eyes, but if you still fall for it, then that's where the problem arises. So its really up to us, who should think very hard whether to invest on this shitcoins otherwise you might end up loosing big chunks of money here.

Yes, so many ALT coin and that is also the result of the new project that appears so that ALT coin has value and market share in hopes of returning their investment and benefiting from the emergence of ALT coin.