Bitcoin Forum

Quite simply put, all coins are worthless right now if crypto is the future of money.  I was looking at the charts and if bitcoin were to rise to $100,000,000 (1 penny per satoshi) at ANY point, that is 20,000x the current price.  

In other words, every penny you invest now turns into at least $200 at that point (even if your altcoin is only worth 1 satoshi/coin).  Seems like they are worthless right now compared to what they could be.

The idea is that if you believe altcoins will be world money, why wouldn't you save up as much as you can?

the word you are looking for is "cheap" not worthless. and it is wrong. i say with absolute confidence that 95% of the altcoins are indeed worthless and should die in the coming year and most probably be replaced by other useless shitcoins.

as for your bitcoin analogy even if it is true and bitcoin rises to the "moon" it still has nothing to do with altcoins!!!

If it is now worthless it can someday become a valuable coin. I remember that in 2017 when the price of Bitcoin soared, all Altcoin had very good selling prices. I compare with 2017 that I'm sure if the market price can return to pumping, I think all coins can be valuable.

Future doesn't mean a high price. It's true that cryptocurrency are the future. But they would be for new ones. There is no sense of bitcoin rising to one cent for satoshi. Even if it did, than no one would be using it and it would be nearly impossible to mine which on the other hand would restrict the use. The future would be of large highly scalable zero or low fees coins.

Well established altcoin aren't worthless, you can call most newly created tokens worthless as they haven't established themselves but Altcoin like Litecoin, Ethereum, dash, grin etc just to mention a few aren't worthless as bitcoin needs them to survive. The cryptocurrency market needs but Altcoin and bitcoin to achieve global adoption and hopefully achieve the price you suggested in OP. Altcoin aren't worthless instead they're cheap.

Actually there are a lot of deadcoins right now.

https://deadcoins.com/

So obviously, they are all worthless. But I disagree that ALL coins have nothing to offer. Bitcoin for one is being used as investment, or even mode of payment. As for altcoins, some of them are being used by banks like XRP others as privacy coin like Monero and then there is ETH.

It will be too soon to see all altcoins dead in the years to come and more over what makes you think that bitcoin is better? After using few altcoins for transactions speed they are way better and faster than Btc

By the time bitcoin reached 100K price, those worthless altcoins will be long gone. That is why you don't invest in them.

And in your analogy, you have to wait for bitcoin to get x20,000 before those worthless coin gain value. Since you have the money, why not just pour it on bitcoin?

you are confusing Ripple with XRP.
the former is the technology that banks are looking into because they are interested in their own centralized and closed source version of the blockchain technology the easy way where they can fully control it.
the later is a centralized token that is using the Ripple technology that nobody uses apart from pump and dumpers.

I do agree, it should be cheap or extremely cheap price now as compare to where we are going. The reason why people are not saving up and stockpiling these coins is because the fundamentals of some of these coins are changing and not all of them are going to make it, so you need to keep updating your portfolio to the current reality, imagine holding on to Primecoin since and what the price worth now

first of all not all crypto are worthless . most of them maybe .  secondly  , its not true when someone say crypto is the future of money . its only a popular phrase made by crypto fan boys because they think that crypto is too good  .


your prediction are impossible  . crypto can rise high but dont be exagerated too much   . and as i said earlier not all cryptos are worthless .  the drop of the price is only normal but the price can also recover  .


lets say they are . i still dont like buying too early and saving up . there is no point of rushing because i can always buy them if i want to in the future  .

it is hard to understand what you really mean by your topic. you seem to be saying something but really mean something else. you call "crypto coins" worthless but then you say why wouldn't you buy them and hold them!!! that doesn't make any sense. and what does bitcoin have to do with anything here!

bitcoin is the most valuable cryptocurrency and it has no competitor. it obviously is a good choice to buy and hold but at the same time a lot of the altcoins aren't even worth buying for a short time let alone for holding as long term investments.
you can look at the altcoin graveyard to see how many coins are already dead and if you look at the history of some of them you can clearly see that all of them at some point were advertised as good coins with a bright future!!!

You are right but for btc to reach such a high value and sustain it no one knows how much more time it will take and will it ever reach that price is another question. 10 million is a real huge and fascinating number but i do not see it getting there anytime soon.

It depends on how you view crypto coin because I don't believe any coin is worthless because their the ability to rise above they current price in the future, and on bitcoin analogy I believe it bit that price will take a very long time to achieve cause of the volatility of the market and it unpredictable future.

I agree that 95% of altcoins will and must die. We do not need, at least now, over 2,000 cryptocurrencies. We need cryptocurrencies with actual use cases, of which there are a few.

Exactly, I was bewildered when I read the word worthless. From all indicators, bitcoin and top altcoin prices are very cheap at the moment because its still at a very tender stage. We should look forward to its price at full adoption

Yes we believe in it but the problem here arises are to far from the improvement that it could actually happened. Imagine for example, right now the value of btc is 5k$ then you hold 1 at least for 20years. Chances it will go back or surpass the last ATH is high. Why? Population increases, mass adoption, who knows what will be the future. Have you heard of any bluechips stock with a record of 10 years fall down? NONE! So the only way is up. But we dont know when!

In my opinion not all crypto coins are worthless. there is still a valuable crypto coin. The underlying causes of the crypto coins are actually that they play the price so they hold all the coins and then they release it at a very high price.

In my own personal opinion, crypto coins are not worthless even they have a low price today because time will come that every crpto coins will start to have a high price that more people would be interested to invest their money in cryptocurrency. Cryptocurrency really starts to go down because there are a lot of ICO projects that are scam and fraud. Bounty hunters have also been disappointed because they waste a lot of energy and time just to advertised their projects. Anyways, I am now playing in a bitcoin casino (https://vegascasino.io/casino/video-slots/stellar-spins?utm_source=cc-ss) that has great bonuses and prizes that you should try and play it.

Also, a lot of bounty hunters and investors have stop participating in ICO projects because of a lot of scams.

because not every project will be successful some will fail, because that's how it is, and you cant also guarantee the success of an altcoin because there will be an incompetent developers, like most of the icos right now, it's better to stick to bitcoin if your playing safe, if you like high risk high return then altcoins is the way to go.

I believe that in the future only Bitcoin will remain, and Altcoins are a very good way to increase the amount of Bitcoin in your portfolio in the next 5 years.

I think that is the reason of the altcoin existing in the cryptocurrency. With the altcoin, we have another way to earn bitcoin, and although they are worthless, I think many of them still worth to buy because every good altcoin will survive as bitcoin did. We can judge that altcoin is not good to make money but the fact, we are still making money from the altcoin, right? ;D

I think we should not make our resolutions based on the current price of any of the coins or with the consideration of the general market.
It is only now you would know a coin that will be highly valued in future and if that is known, it then means the coin has worth, but that it would still increase.

Actually the potential of each coin is still quite large and I am very confident that there will be changes in the cryptocurrency after the attention of every country in order to provide more rules so that not everyone can freely make it

This theme can be discussed. We do not know what will happen in the future, even recently, we can see that not only btc but xlm and bat are also accepted by some corporations.

I do not think that all altcons are useless. Many projects that have their own purpose and good prospects for real use. Or even as an alternative for Bitcoin - for example, the Sound Money Coin project positions itself.

I find this hard to believe, but I can't dispute the fact that almost 90-95% altcoins are worthless that is have totally nothing to offer. But yet, there are worthy coins out there with genuine product and services, these are the coins that will last long term and will set the path to the future of cryptocurrency. So to your question, not all coins are worthless.

They are not worthless, they will always have value, here i reffer to coins that are legit and not scam or dead coins, maybe people think are cheap because if they buy when price was over 10000$ for bitcoin and now see this price, they think when will get back money invested.

I am expecting about an absolute statement particularly that altcoins nowadays will going to achieve less since bitcoin is feigning momentum. But  with the currenct market prediciton of 100+++K dollars of bitcoin price seems unachievable for the volume of people that will going to support it. Basically, it might need a total fiat conversion and market adoption worldwide to happen.

You have a very strange position. Altcoins will become world money in the future, but only a small part of those that are now. It does not make sense to hold a lot of altcoins now.

Most altcoins decreased by 5-10 or more times with the fact that initially it was,Yes you can say anything,but such a market today that thanks to manipulation,many projects have left the market,and many have lost their investments,one thing I can say that if the project is working and decent,when the market will resume,in any case, these projects will cost a lot of money

If the coin turns into Shitcoin, then just such developers. As soon as the project does something. Even releases great news. The coin immediately begins to grow. So yes, the year was difficult. Almost all projects are fraudsters. And a heavy market for traders.

Not all the alcoins will be the winners. Only those,  which will be mass adopted. Even if 1BTC =100 million $ it does not necessarily mean that all the  alts will follow with the same intensity. But, definitely someof the  alts will be x1000  versus today`s price. Our task is to find which one/s .

Well, I guess if you are comparing, then 1 cent compared to $200 might seem worthless.

But the thing is, I highly doubt that crypto will become the worlds "money".
At it's core, blockchain tech is a way for p2p transactions to take place anonymously and trustless.
The distributed nature of it makes it impossible to crack or break.

So yeah, the p2p transaction can be money, but there are so many other possiblities that just being money is narrow minded.
Smart contracts for example, show just how powerful the application of blockchain tech can be.
To fully take advantage of what crypto can do, companies will go far beyond just using it as currency.

And btc reaching 100,000? nah, won't ever happen.
There are just way better blockchains out there that will replace it before it reaches that.

all you need to know is that not all altcoins are worthless, there are some altcoins that can build a path for crypto to be even better.
because altcoin and bitcoin are related to each other.

It is not so, All coins are not worthless,I know that some coins are worthless but bitcoin and ethereum are very good coins in crypto market and both of coins have very developed and very good future.

Everyone doesn't believe that 1 satoshi will become 1 dollar that is why they invest on short term basis,if you knows that it will happen in future then make use of it.I am not holding many altcoins but some coins which is good for some years.

Adaptation of cryptocurrecy are now become popular all over the world not all coins are worthless theres a certain altcoin that have a bright future no need to be worried after the long bearish run of bitcoin its now the start of another good run.

I also believe that there are no worthless altcoins. Just collect them now, while the prices are low and nobody wants to have them. You will be able to get great benefits from all tokens that you have collected in the future.

Everyone involved in this field is certainly better able to understand the risks that will be faced so that they cannot fully invest their money in cryptocurrency which does not always have good potential for the future, especially if the investment we choose on several types of altcoins, and some types Altcoin cannot be developed in the future, because as we know today many altcoins have no value at all on the market and only become shitcoin. therefore we must carefully decide to invest in several altcoins

I disagree with you, within this space there are many worthless coins but not all. The few ones are living up to expectations and these are the ones worth getting involved with, not some hype or pump and dump coins with clearly nothing to offer.

i wouldn't consider all crypto to be worthless even though there are lots of them that seems to appear so, this days, many ico project are trying to back their project with usable product or services which can benefit people, with such project dominating the market, providing different services to their users then such token will surely worth something with time, there are some level of difference between ico's of 2017 and now,nobody wants to invest on hype alone, now investors are very selective of what they put their money, only solid project with good fundamentals are surviving.

Read the concept of Maxit:
https://www.maxicreditcompany.com/whitepaper.pdf

I think this way a cryptocurrency can't be worthless

Because no one is dumb enough to think that altcoins will become a worldwide currency in the future.

If Bitcoin, the most well known crypto in the world, won't ever accomplish such thing (at least that's what I think), then altcoins are out of the question since they'll never be as popular and they'll never reach the same level of acceptance from the general public as Bitcoin.

If you want to accumulate alts, do it because you want to get profits and buy lambos when we reach the moon, not because you think altcoins will become "world money", the latter will never happen.

I have some altcoins on save but I never think that it's going to be world's money, I'm more fond of thinking about bitcoin as world money and potential alternative choice for most of the corporations.

This is true, some has real value that merchants, investors and traders prefer so that's why it's value is also worth to take but compare it to bitcoin, of course the king would always emerge.

I think you are an investor of a shitcoin. All those "worthless" coins you are talking about are mostly the shitcoins. Shitcoins are define for me as the coins that does not have a bright future. And I think you should try to change your terminology to

Worthless is too big a word to describe the current condition. Since there is a great dip yet still there are some coins that are doing pretty well ou there just that they are not at it peak but you could it to be promising.

I don't really know why you used the word "worthless", in my opinion it's not right. Coins like BTC, ETH or XRP etc aren't worthless. But in this crypto space there are way too many coins having or offering no value at all, these are the coins that are indeed worthless.

They are not really worthless, actually it is a good opportunity to buy them now since they are cheaper compared on how much they cost before. Saving some good crypto now can be a good investment in the long-run. The market will not be on a bearish movement forever.

That is if you succeed in saving up the ones that are reasonable to stand along with Bitcoin in future, you see, the future of Bitcoin is very bright and a time will come that 1 satoshi will have so much high value, so instead of diversifying into so many altcoins that we are not sure of their future stand, why not we invest mainly in bitcoin for future sake.

Although speculations are not always right, but there has been speculation that a time will come in future when 1 satoshi will be worth $1 in future which I don’t doubt, do you know how many satoshi present holdlers have?  Isn’t that enough? The only way this can be achievable is if we focus our entire crypto currency interest on Bitcoin.

Yes you are very correct, that's why I said we haven't gotten to the best of what we can get from Bitcoin yet and this is the best time to acquire as many Bitcoin as we can acquire because in the nearest future we will always smile. I am a freelancer and I have learnt to save part of the money I get from crypto in crypto every time I am being paid because I have a target and I must achieve that target in order to buy my lambo in few years to come.

Do not agree that  they are worthless but they are cheap now on the market  if we know  their promising prospective. Not all the altcoins will follow BTC bull run so nothing is guaranteed.

come on man, it's not that simple. How long do we wait for Bitcoin to reach 100M?
when we wait there will be many things that happen like other falls. it can make you fail, and maybe you will lose everything if you think like this.

Although there are some of the crypto coins that has dumped its prices, not all coins are worthless because some are developing and continues to improve in such way that it can increase continuosly.

i dont get your point. Maybe you are somehow just disappointed by how down the market is now compared to 2017. This is market man, theres always this downside in every pricehike of course coz if it always go on upwards then surely many will enter crypto and will get rich easily. Market is very unpredictable sometimes especially in crypto.And in contrary to what you said that all crypto are worthless, you are wrong.Its the demand in market that gives it intrinsic value.

I agree with you it's not the price but it's the buy order even if those altcoins are worth 1 satoshi but no one is interested to buy those shitcoins it will be useless, so better concentrate on coins that has future, instead of buying worthless coins, let them stay worthless and don't give attention to this kind of coins.

All crypto coins?
I don't think that they are all worthless although with all the reasons that you have provided.
Well, I know that some coins are shitcoins and they may be worthless, moreover, during the bear market.
However, let's talk about some other coins that still keep struggling and recovering from the dumped price and volume.
Actually, many crypto coins have great ideas and promising value that we can put the trust for them in the future.
Analyzing their volume, token cycle, and also the involved people trust really show that some coins are worthy to have.

Regret comes behind you, this is what happened. Indeed, we must be careful in investing, choosing a project is not as easy as we thought, almost shitcoin is useless. Shitcoin that is not able to compete will go away automatically. Nowadays we find that shitcoin is useless and really worrying.

Almost shitcoins? I think it should be all shitcoins are worthless, I see all shitcoins are scams too, most of the project developers end up abandoning the projects in the long run, leaving it to wroth their forever without making any further move.

We find shitcoins nowadays because many people are turning the crowd funding systems to child’s play, I even learnt that a student who is even yet to graduate from school, nor have an office space, successfully carried out ICO based on future plans. Future plans? How can a student who doesn’t even have office successfully do so, something must really be done to the way crowd funding through blockchain is being done nowadays.

I agree that a larger percentage of altcoins will leave the cryptocurrency market.  And most likely the rest will go for BTC with rising prices.  As for the current futility of the Altcoins, it can be said that their behavior on the exchange gives many traders a good opportunity to earn.  And useless to call them at least wrong.  People who spend a lot of time analyzing market value appreciate altcoins.

Every coin in the coinmarketcap or the market is the best coin you can buy because all coins will increase although we don't know how higher the price can go. But it depends on how much money you have and make sure that before you buy any coins, you should analyze and decide to buy a cheap coin or expensive coins so you can directly buy the coins. And don't forget to not buy the coin with all in of your money because you need to have free money in your balance to prevent if there are any down for the price so you can buy more the coin.I suggest to people who want to invest in cryptocurrency (https://coinswitch.co/)to choose Altcoin that is in the top rank of coinmarketcap if you want investment and make sure the coin is safe, rather than coins that have just appeared in the cryptocurrency list.

Many ICOs that entered the market at the end of 2017 have already lost everything and have been thrown out of the market. Because the projects were obviously not working and not needed by the world. People invested money in them because it was possible to get profits because in 2017 everything that entered the market grew. Out of 100 ICO, only 1 will remain.

Every companies have the right to build their own token or coin and as far as the company uses the token as means of payment for their products it will surely be demanding, its total real use case, this is why i think we will have many more coins,i do not believe that 95% of altcoins are useless

The reason is because they do not have any real use case, they are simply useless. There are only few altcoins that can´t be replaced by Bitcoin or Ethereum. I am talking about all utility tokens that doesn´t make any invesment sense.

You may consider crypto as worthless right now but as soon as their prices recovers, you would totally come crawling back to invest on it again. In my experience, I am already starting to invest on those altcoins that I can see that has a potential of being successful to prepare also for the incoming years where altcoins will be used dominantly by all of the people in the world.

Cryptocurrency can not be guessed, believing does not mean having to buy it without looking at the market, thinking more rationally in the face of the market. We will not know what will happen in the future of crypto, how much is it worth compared to now and how crypto will function. You say as if what you predicted would be true

It was intense.... you could throw a dart without looking and the project it landed on would make you a few hundred percent profit at the very least, which is why money went into projects like never before.

When Bitcoin was done pumping and entering a corrective phase, altcoins in early 2018 reached their peak because a lot money went from Bitcoin to altcoins just because it was so easy to make money there.

I doubt we'll ever get to witness that again unless altcoins in their entirety pump, but that's not very likely with how people rekkt themselves hard.... they rather stay away and move on because they aren't done recovering yet.

Indeed. Most ICOs that entered the market at the end of 2017 don't have any good value even they finished their project successfully, that is why most cryptocurrency are not worth it to buy. Good thing that this year of 2019 i see that cryptocurrency, especially bitcoin has a chance to raise most of their prices because a lot of people are investing their money again.

It's really the reality, majority has no real use case, no value, no volume, useless use case, poor team, no development at all. So, we cannot blame people if they are tired investing in crypto because of these useless coins and worst is that most of them are scam too. Right now, it would be best if you will just only invest in Bitcoin rather than in shitcoins.