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Title: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 04, 2019, 04:34:55 AM I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten.
I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby. Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace. https://www.criptomonedaseico.com/wp-content/uploads/2019/05/Bitcoin-BTC-Is-Reportedly-On-Its-Way-To-A-Parabolic.jpg The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory. According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time. Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013. Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point. The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says. Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Doranile432 on September 04, 2019, 05:58:18 AM Everything Peter brandt said might be true and at the same time might be entirely wrong,he is just a human like us and we humans all have our own ways of viewing things,the future is totally unpredictable,in the past before 2017 many big men in crypto have said lots of things that haven't come to past in crypto space either ways hopefully i will still be alive in the next 5years to come to see what will happen so until then
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: CryptoBry on September 04, 2019, 06:11:37 AM Many platforms and projects categorized as altcoins are actually shitcoins meaning they do not have real value and obviously just put up for the purpose of making money or getting funds from investors, nothing more. That is why many of them will eventually die, do some crazy exit scams and just downright fail big time. Without a solid use cases and market behind a platform, things has no place for real growth and bright future. Just because a project is into the blockchain and cryptocurrency does not mean that it will really succeed...the harsh market realities are saying otherwise. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: ethereumhunter on September 04, 2019, 07:06:34 AM Most weak altcoin will be forgotten, and only strong altcoin will stay at the market. There will be a selection among the altcoin to be used as a way to help people to get money. The weak altcoin will get dump so hard in this bear market, and they cannot rise high as before but the strong altcoin will always trying to increase their price and with supports from the community, that altcoin will pass the bad situations and will be back to the higher price. We will see a new list on the cryptocurrency market, and we will know which altcoin that will stay at the market.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: leea-1334 on September 04, 2019, 07:09:20 AM Yes,,, he is partly right for sure. The only ones who will remember, mine and trade altcoins (99% of them) will be the investors and the developers. But those will probably keep moving on to new things.
It is not an unrealistic number. If we understand 4000 tokens, 1% is 40. I do not even really remember 40 big altcoin names! Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: eagle10 on September 04, 2019, 08:32:01 AM I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten. I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby. Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace. https://www.criptomonedaseico.com/wp-content/uploads/2019/05/Bitcoin-BTC-Is-Reportedly-On-Its-Way-To-A-Parabolic.jpg The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory. According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time. Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013. Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point. The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says. Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ I don't think that 99% of altcoins will be forgotten. That's nonsense in my opinion to say that. First, people prefer an investment that will give them good return of their money and if there are only few to choose. Second, top ten in the altcoins may not endure the five years but other altcoins will replace them to be in the top ten because people or investors are hungry of new investments to get more returns. Third, there are still many reasons that cryptos and altcoins will hold on until five years and even 10 years more. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Red-Apple on September 04, 2019, 09:02:24 AM he is generalizing things a lot but they are a lot more specific than that so the range goes from days to years.
for example there are a lot of shitcoins that didn't even last more than a day before dying and being forgotten. some others like ICO scams lasted a couple of months before dying and in some rare cases the shitcoin is too big to die that fast so they can last for more than even 5 years (examples are XRP, ETH and BCH). but no matter in which group they are, their behavior is exactly the same only on different scales: they get pumped, then dumped and then die. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Ucy on September 04, 2019, 09:17:12 AM I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten. I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby. Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace. https://www.criptomonedaseico.com/wp-content/uploads/2019/05/Bitcoin-BTC-Is-Reportedly-On-Its-Way-To-A-Parabolic.jpg The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory. According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time. Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013. Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point. The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says. Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ I think all the altcoins will probably settle their actual value. Much of the current value are from speculation. This is a wake up call for developers who are more focused on short-term price rather than adoptioin. Mass adoption should be every developers main focus and not just price. The masses should be the ones behind the price movement and not the wealthy few who have too much influence on the price. Developers who understand what Cryptocurrency is all about and have the will to keep improving things, will last in Crypto. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: sorrros on September 04, 2019, 10:32:38 AM He is a professional trader, not cryptocurrency expert, like Anthony Pompliano.
Even if he were right, there are more than 10,000 cryptocurrencies, 1% of them are still 100 cryptocurrencies that will survive. 8) Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Bonwin on September 04, 2019, 10:49:28 AM I reckon he might be partly correct... The professional trader claims that in five years, 99% of all crypto assets will be a distant memory... If this is true, then a lot of altcoins would have been forgotten by now. This theory, would have been in sequence, at least, cryptocurrency has been existing for more than five years now and if we are to goby his theory, then a lot of altcoins Weser today would not have remained. Although, I do not dispute the fact that so many altcoins have been forgotten, but going by the statistics of 99% might not tally with what is truly happening to altcoins in the crypto space. What I find funny , is he thinks bitcoin will still exist in 5 years... He might be right to have said this. Among all the crypt I currencies existing, bitcoin is the most established. If others are or will exist, then why can't bitcoin? Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: eternalgloom on September 04, 2019, 12:54:00 PM What I find funny , is he thinks bitcoin will still exist in 5 years. :D Bitcoin Business model has ever increasing energy costs, ever increasing ASICS costs, ever increasing warehouse costs, with decreasing rewards and LN stealing transaction fees. While it competes with services that do not have these problems. I would agree 90% of all coins are dead in 5 years, with the possibility that bitcoin is one of the dead ones. FYI: ZEIT will be the Last Coin Standing. ;) https://www.youtube.com/watch?v=2QJlBpwIHYU Hmm, I really doubt that Bitcoin will not be here after 5 years, it's one of the very few coins that has a lot of institutional investors behind it. I don't even think it's likely that Bitcoin would be gone. When's the last time Bitcoin has gone under $9000, the bottom is also ever increasing, so your point about increasing costs is kinda moot with high Bitcoin prices accompanying that. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: funchiestz on September 04, 2019, 01:03:07 PM This is a normal prediction. According to Coingecko data, there are currently more than 5000 crypto currencies. Now it's getting impossible to follow. A major elimination process can be experienced.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: coin-investor on September 04, 2019, 01:19:32 PM Good analysis backed by fact and data it's possible because we have seen the top 5 coins in the market 2013 gone now, but looking at the comparison, I don't see the top coins right now going out of business, we are in a massive adoption the market cap is getting bigger and if you are on the top of your game I don't believe you will give up developing your project/platform.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: avikz on September 04, 2019, 02:22:16 PM Mr. Peter Brandt has probably missed to mention the decimal points. It should be 99.9999% of the altcoin will be forgotten in coming years. Why? Because of no utility and investment is no utility!
Would you use one crypto to buy bus tickets and another crypto to book movie tickets and even another crypto to recharge your mobile phone?? I am sure no one would do that! There should be only 3-5 cryptos available in the market which are usefull and rest all are garbage! Shitcoin is what we prefer to say! Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 05, 2019, 03:47:22 AM @avikz. Should there be? Are the cryptocoins outside of your 3-5 cryptos really garbage? I reckon community formation and opensource development should not be stopped. One of those projects might develop something that bitcoin can use.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: BITDV on September 05, 2019, 03:59:54 AM I agree with term that most altcoin will be be gone. And all of them are coin without development and business strategy. Coin/token should have a business to develop, solve problem using blockchain technology and not coin/token to earn money from peoples. I believe that coin/token that hat real use case such as ripple, ethereum, steem can survive for long time.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Ozero on September 05, 2019, 04:27:37 AM We all know that there are now more than two thousand altcoins. They appear massively and massively disappear, and this is absolutely normal, since everyone is allowed to the process of their creation, and of course, a significant part of them are useless. However, despite this, their number will still be large, because their application is very multifaceted. This is especially true for tokens. Therefore, there will still be many different tokens.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: rosezionjohn on September 05, 2019, 08:24:29 AM There are currently over 2,000 altcoins listed on CMC and let's just say there are 1,000 (or less) more that are still unlisted. For example the total doubles or even triples in five years, then that's around 90 surviving altcoins. I think his 99% estimate is too high.
Quote Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” In short, XRP is one of the many altcoins he refers to as a "junk pile" Nice! :DTitle: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Crypt0BHunter on September 05, 2019, 09:21:58 AM Of course, it's more like true. I've some insight when reading this post that the profit from altcoins in BTC will be decreasing avalanche-like.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: akirasendo17 on September 05, 2019, 09:37:26 AM That is not true when you say 99% that only like small amount, if ripple for example
satoshi and a lot more are already being use maybe like 70% more likely or even low there are lots of projects that already in mass adaptation for crypto and they are jumping and creating their own so maybe its not like that maybe 20% thats for sure because if 1 company will create their own crypto what other crypto lost will be replace by new one imagine having every company has their own crosschain with each other thats a huge number Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Red-Apple on September 05, 2019, 09:44:30 AM @avikz. Should there be? Are the cryptocoins outside of your 3-5 cryptos really garbage? I reckon community formation and opensource development should not be stopped. One of those projects might develop something that bitcoin can use. have you ever checked some of the projects? go on github and just go through the source code of different altcoins, even the most popular ones among the top 10. you will see that 90% of them have "copied" bitcoin exactly and have created their own coin. some have the decency that directly forking the project and giving credit to the original but most try to hide it! Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: jthor on September 05, 2019, 05:43:56 PM @avikz. Should there be? Are the cryptocoins outside of your 3-5 cryptos really garbage? I reckon community formation and opensource development should not be stopped. One of those projects might develop something that bitcoin can use. have you ever checked some of the projects? go on github and just go through the source code of different altcoins, even the most popular ones among the top 10. you will see that 90% of them have "copied" bitcoin exactly and have created their own coin. some have the decency that directly forking the project and giving credit to the original but most try to hide it! Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: SquallLeonhart on September 05, 2019, 05:50:20 PM There is nothing but truth in everything that is being said by him, most altcoins might eventually fade out every soon, and I think this bull run for altcoins that we have been expecting may not come. Right now, seems older and newer investors are even paying attention to new projects than the old ones because they believe that some of these old ones have expired and they have nothing new to offer.
The moment an altcoin has reached an ath and has been dumped, it will take grace for them to be revived again. I still don’t even see the usefulness of some of those altcoins, the only thing we use crypto for right now is to have it as an asset and also to use it for payment which bitcoin has already covered those areas. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: key4co.in on September 05, 2019, 06:17:10 PM There is some sense in what Peter is postulating but I think 99% stated there is an exaggeration. Some few projects are doing really well and in 5 years time, if there are no general severe setbacks in crypto, they will still exist. I was expecting to see projects like EOS, XRP, XLM and a few others as exception but the reverse is the case.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: kravas86 on September 05, 2019, 07:54:24 PM The main altcoins can't disappear. Because all the main altcoins are supported by institutional investors and this situation is absolutely unprofitable for these investors. The company Ripple develops software many banks on the basis of their own cryptocurrency. Ethereum plans to open a new blockchain platform. I doubt that such smart people can make mistakes in their activities. They certainly know better than we do in this industry.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: eternalgloom on September 05, 2019, 08:23:26 PM There is some sense in what Peter is postulating but I think 99% stated there is an exaggeration. Some few projects are doing really well and in 5 years time, if there are no general severe setbacks in crypto, they will still exist. I was expecting to see projects like EOS, XRP, XLM and a few others as exception but the reverse is the case. Of course it's an exaggeration, I'm 100% sure that articles like these are written to get as many clicks as possible. Everything is just a hyperbole statement these days. Heck there will be quite a few projects from the CMC top 100 that will probable make it. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: aioc on September 05, 2019, 10:33:48 PM However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013. Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point. The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says.[/i] Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ Those coins mention are already gone because developers cannot keep up and coins that cannot keep up will be gone for good but this is not new to all of us, every day we have seen coins come and go and some of them are already forgotten after launched not more than a year, the competition is very stiff that they have a hard to keep up with the pace. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 06, 2019, 04:53:20 AM @avikz. Should there be? Are the cryptocoins outside of your 3-5 cryptos really garbage? I reckon community formation and opensource development should not be stopped. One of those projects might develop something that bitcoin can use. have you ever checked some of the projects? go on github and just go through the source code of different altcoins, even the most popular ones among the top 10. you will see that 90% of them have "copied" bitcoin exactly and have created their own coin. some have the decency that directly forking the project and giving credit to the original but most try to hide it! The most popular of those cryptocoins which is litecoin. No development, copied from bitcoin, however, supported by a large community, supported by some opensource developers and has held top 10 longer than most altcoins. There are smaller coins similar to Aeon that might appear forgotten, however, it has a loyal community of contributors and hobbyists that might let it live longer than Peter Brandt's 5 years. I would consider this a success. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Mpamaegbu on September 06, 2019, 05:06:47 AM FYI: That's an unsolicited plug for Zeit. But then I checked your signature and volla! You're wearing the ZEIT logo. So, I ain't surprised really. However, looking at the Peter Brandt picture and seeing his face reinforced my belief not to trust old people when it comes to cryptocurrency. They actually know next to nothing. Did he say 99%? Gosh!ZEIT will be the Last Coin Standing. ;) Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: digitalblock on September 06, 2019, 04:09:36 PM I think this is just another piece of information. If altcoins disappear from the market then the crypto community will lose a huge number of participants. Since many of them continue to believe in the idea of altcoins. I can't let XRP or LTC disappear. On the basis of these coins built many banking standards.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: tsaroz on September 06, 2019, 04:14:47 PM Exactly true. There are more than ten thousand coins tradeable at the moment. 1% of it makes up 100. And even I would not be able to name 100 different coins. With the rate of new coins not decreasing, people will forget most of it and the most of new ones in a decade time.
Only a few of this decade would effectively survive till the next one. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: robelneo on September 06, 2019, 04:28:28 PM That's probably going to happen after seeing Bitcoin dominance going bigger and bigger, these coins cannot keep up with the adoption that is going on right now, investors always have a change of mind and they are quick to trade coins that they think will have no value in the long term, everything is long term.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Vishnu.Reang on September 06, 2019, 05:03:13 PM I would agree with the figure of 99%. Apart from Bitcoin, coinmarketcap currently lists a total of 2,646 different cryptocurrencies. If you take in to account the tokens and altcoins that are not listed there (including the dormant and dead ones), then I believe that the list will easily cross 10,000. 1% of that means somewhere around 100 different cryptocurrencies. And in the long term, that looks like a fair number for me.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: didzi on September 06, 2019, 05:07:43 PM That's probably going to happen after seeing Bitcoin dominance going bigger and bigger, these coins cannot keep up with the adoption that is going on right now, investors always have a change of mind and they are quick to trade coins that they think will have no value in the long term, everything is long term. maybe this will be happend, but in my predictions not 99% alts will be forgotten mate just 80% will gone and have no value in the next five years Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: fortunecrypto on September 06, 2019, 05:18:22 PM I would agree with the figure of 99%. Apart from Bitcoin, coinmarketcap currently lists a total of 2,646 different cryptocurrencies. If you take in to account the tokens and altcoins that are not listed there (including the dormant and dead ones), then I believe that the list will easily cross 10,000. 1% of that means somewhere around 100 different cryptocurrencies. And in the long term, that looks like a fair number for me. I think the guy has done a good analysis, he covers altcoins in a five-year span, that will leave us 100 to 200 coins in the market that has real supporters and investors are backing up, and that's the real picture, this analysis clearly depicts how messed up altcoins is now, investors are had enough of this altcoins. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: jarhed on September 07, 2019, 06:18:28 AM I would agree with the figure of 99%. Apart from Bitcoin, coinmarketcap currently lists a total of 2,646 different cryptocurrencies. If you take in to account the tokens and altcoins that are not listed there (including the dormant and dead ones), then I believe that the list will easily cross 10,000. 1% of that means somewhere around 100 different cryptocurrencies. And in the long term, that looks like a fair number for me. I think the guy has done a good analysis, he covers altcoins in a five-year span, that will leave us 100 to 200 coins in the market that has real supporters and investors are backing up, and that's the real picture, this analysis clearly depicts how messed up altcoins is now, investors are had enough of this altcoins. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: setialovers on September 07, 2019, 07:02:18 AM I would agree with the figure of 99%. Apart from Bitcoin, coinmarketcap currently lists a total of 2,646 different cryptocurrencies. If you take in to account the tokens and altcoins that are not listed there (including the dormant and dead ones), then I believe that the list will easily cross 10,000. 1% of that means somewhere around 100 different cryptocurrencies. And in the long term, that looks like a fair number for me. I think the guy has done a good analysis, he covers altcoins in a five-year span, that will leave us 100 to 200 coins in the market that has real supporters and investors are backing up, and that's the real picture, this analysis clearly depicts how messed up altcoins is now, investors are had enough of this altcoins. Maybe it means that there will not be many altcoins that can last for the long term. If we look at the condition of altcoin on the market, most of the tokens are utility token whose products have not been widely used by people. In addition, many new altcoins are pump and dump tokens Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Mighty_crypt on September 07, 2019, 07:13:34 AM Its just weird how crypto space is,coinmarketcap have 2000+ digital currencies listed on its platform but guess what?we have over 5000 coins and tokens in crypto space because some have not make it to coinmarketcap yet and some are still on queue already,what OP is talking about makes sense to me,what will be the use of all these coins and tokens? they can't all be useful for humans on the long run ,i hope people will start doing research on coins and tokens they holding for long term because many projects are not been build to survive for long time
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: coiningz on September 07, 2019, 07:19:56 AM Thats true. Just check end of CMC. Graveyard of dead projects
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Vishnu.Reang on September 07, 2019, 10:15:21 AM I would agree with the figure of 99%. Apart from Bitcoin, coinmarketcap currently lists a total of 2,646 different cryptocurrencies. If you take in to account the tokens and altcoins that are not listed there (including the dormant and dead ones), then I believe that the list will easily cross 10,000. 1% of that means somewhere around 100 different cryptocurrencies. And in the long term, that looks like a fair number for me. I think the guy has done a good analysis, he covers altcoins in a five-year span, that will leave us 100 to 200 coins in the market that has real supporters and investors are backing up, and that's the real picture, this analysis clearly depicts how messed up altcoins is now, investors are had enough of this altcoins. 200 is still too big for me. My range would be anywhere from 25 to 100 (for the five-year span as suggested by you). Because we don't have too many sub-categories among the alts. We have cryptos for various purposes, such as file sharing, smart contracts, complete anonymity.etc. IMO, there may be at the most two dozen categories. IMO, one to four coins from each of these types will survive in the long term. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Teawhalee on September 07, 2019, 10:33:27 AM Personally I agree with peter ! The same thing that made the previous top coins will happen to the present one and many will be forgotten ! It’s a repeated circle ! We all know that there are so many junks ! Just a few will remain !
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: timfish on September 07, 2019, 03:54:46 PM I reckon he might be partly correct, however, there are altcoins that are supported by small but loyal communities and excellent developers that refuse to be forgotten. I am an Aeon bagholder and I have already accepted its fate that it will never be as big as bitcoin or its big brother, Monero. Will I stop supporting it? No and I am not the only holder giving it support as a hobby. Peter Brandt thinks everything is about making holders rich. He lost the essence of community and opensource development in the cryptospace. https://www.criptomonedaseico.com/wp-content/uploads/2019/05/Bitcoin-BTC-Is-Reportedly-On-Its-Way-To-A-Parabolic.jpg The altcoin market continues to bleed out, setting one fresh low after the next. It’s caused the overall crypto market sentiment to reach extreme fear and despair, with many worrying that the altcoins they hold may never again return to their previous all-time high prices. However, career trader Peter Brandt says that the fate of the altcoin market is much worse than never again setting new highs. The professional trader claims that in five years, 99% of all crypto assets will be a distant memory. According to Peter Brandt – in response to a tweet suggesting that Litecoin, Ethereum, and Ripple were going to continue to set new lows and that crypto traders should focus on Bitcoin as their main asset of choice as the one with the most “lasting value” – as much as 99% of all crypto assets will be forgotten in five years time. Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” However, Brandt may not be wrong about his statement. Earlier this year, crypto analytics firm DataLight shared a visual representation of the top ten cryptocurrencies by market cap and how it has evolved since 2013. Before even clicking play, the only recognizable cryptocurrency on the list aside from Bitcoin itself is Litecoin. Not even Ripple was released at this point. The list includes the likes of Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Aphrodite Coin. If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says. Read in full https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ I don't think that 99% of altcoins will be forgotten. That's nonsense in my opinion to say that. First, people prefer an investment that will give them good return of their money and if there are only few to choose. Second, top ten in the altcoins may not endure the five years but other altcoins will replace them to be in the top ten because people or investors are hungry of new investments to get more returns. Third, there are still many reasons that cryptos and altcoins will hold on until five years and even 10 years more. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: 3core on September 07, 2019, 05:42:33 PM Peter Brandt as actually gotten this wrong, it is true that some altcoins are shitty and will not even exist anymore before the five years time he's saying, but more it can not be upto 99% of the altcoins. Coins like Ethereum, Dash and Doge will keep existing for a very long time.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: TwSeventh on September 07, 2019, 05:51:25 PM Peter Brandt as actually gotten this wrong, it is true that some altcoins are shitty and will not even exist anymore before the five years time he's saying, but more it can not be upto 99% of the altcoins. Coins like Ethereum, Dash and Doge will keep existing for a very long time. The problem in here is, there are a hundred of projects created daily. If we are counting it, approximately around 36.500 projects created yearly. That means he's mathematically not wrong about it because 100 projects can be considered as 1% of our total altcoins right now. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Yudhisthir on September 07, 2019, 06:00:51 PM Peter Brandt as actually gotten this wrong, it is true that some altcoins are shitty and will not even exist anymore before the five years time he's saying, but more it can not be upto 99% of the altcoins. Coins like Ethereum, Dash and Doge will keep existing for a very long time. The problem in here is, there are a hundred of projects created daily. If we are counting it, approximately around 36.500 projects created yearly. That means he's mathematically not wrong about it because 100 projects can be considered as 1% of our total altcoins right now. Yup. We might have already forgotten 50% of created altcoins as they are dead already. And it's no wonder in 5 years time with the emergence of new technology and coins, most of the current coins would be obsolete, go out of any exchanges or cease to operate. Some coins would have hype but zero development, people would soon realize about them and as no new investors come in, they'll crash to zero. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: 13abyknight on September 07, 2019, 06:01:03 PM It's a good thing there are people like Brandt who are speaking their minds and shedding light on the current altcoin scenario, rather than being the ones promoting below par projects for a cut. While I agree with most of his words, it comes a shocker that this list includes big names like Ripple which has established itself over the last couple of years.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: veleten on September 07, 2019, 06:10:34 PM agree with the general sentiment , disagree in details
99% is overly optimistic - shitcoins were are and will be , unfortunately the thing is that the vast majority of them are either useless or a rip off off an earlier coin there are maybe 50 altcoins in total that have a fresh and unique idea behind them , the rest have to go bitcoin is increasing its dominance , yet another sign that no altcoins are offering anything to dethrone bitcoin and there won't appear any that would Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Caishen_Project on September 07, 2019, 07:13:38 PM To some extent, I think Peter is actually Very correct, check coinmarketcap and see the list of coins and tokens we have there, most are shitcoins without any use case. Most of these developers are after their own pocket without any valuable contributions to this crypto space. I personally even think 5 years is a long time, in the next 2-3 years, most of these coins will have fade out
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: hulla on September 07, 2019, 09:52:11 PM Peter Brandt has made an outstanding effort in terms of prediction and trading which was the reason why I somehow comply with his statement but I only 50% of altcoin will be forgotten in 5years because almost 45% of altcoin we have in the market are actually offering the same features, doing copying and editing of what old project have already done.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: jacafbiz on September 07, 2019, 10:02:12 PM For me I won't give them 5 years, most would die in the next Bitcoin bull run, I am predicting we are going to see BTC at more than 80% market dominance. I for one pity some people that have failed to read between the lines more of these VCs now realize the future in bleak for these projects and are pulling their money out at he very earliest time.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: irixo10 on September 07, 2019, 11:01:06 PM Some of the thing he said is practically true but saying about 99% will cease to exist sounds too much for me to believe. Yes, there are many useless coins in this space and taking a good look at the crypto market it is evident more and more going down the drain while those whose developers are hungry for change are coming up in rank. I think in years to come, we will have just few altcoins in addition to BTC, which are truly useful and the crypto space itself will be filled with competition, thus keeping all project team at edge. It's time to focus on only valuable altcoins so as to partake in what the future holds.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 08, 2019, 03:09:34 AM Thats true. Just check end of CMC. Graveyard of dead projects They might be dead on first look, however, some of them have a community of loyal followers. As it happens, I reckon some of them might have a stronger community than some ICO projects. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: kidbounty on September 08, 2019, 04:29:40 AM if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: ttcsalam on September 08, 2019, 05:47:59 AM I think Altar Coins will definitely go to a relaxed level. Those who are investing or doing it here will definitely plan it. The main value of the Altar coin will go up at that time.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Vishnu.Reang on September 08, 2019, 07:07:07 AM what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins. We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: leader2704 on September 08, 2019, 07:12:28 AM i think if it's true (and I do hope it will happen soon) that will be great for crypto market since there are too many scam and money-grab projects out there, this prevents new investors as well as new capital enter the market
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: fapar on September 08, 2019, 07:33:25 AM if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable. Stupidities. Your forecast is based on the assumption but you forget that during these 5 years, cryptocurrencies will develop, change and adapt to the requirements of time. In addition, nothing prevents to earn now and not to think about what will happen in 5 years. Just follow the development of cryptocurrencies (BTC, ETH, XMR) over the past 5 years. If in 2013 only a few people knew about them, now almost every housewife has heard about cryptocurrencies. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: jazmuzika217 on September 08, 2019, 09:52:52 AM There is a big possibility that his prediction will happen. Everybody can say that,it will happen five years from now but no one can prove and surely know about it. On the other hand if bitcoin continue to dominate the crypto world it is not impossible that altcoin will also to continue to fall but I think it will never die like bitcoin.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Brunus on September 08, 2019, 08:26:35 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: TwSeventh on September 08, 2019, 08:38:11 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: royalfestus on September 08, 2019, 08:40:19 PM The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: 10c on September 08, 2019, 08:48:23 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: suzanne5223 on September 10, 2019, 04:30:39 AM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 10, 2019, 04:46:24 AM what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins. We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: mika11 on September 10, 2019, 08:19:25 AM The article has very true aspects, cryptocurrencies will be an indispensable trend of the future instead of traditional money
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Menawi12 on September 10, 2019, 09:58:47 AM what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins. We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe. Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Burogh on September 10, 2019, 10:25:35 AM The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view. Agree, most altcoins on the market do not have clear products and do not have large liquidity, making it difficult for investors to make transactions in the market. In my opinion liquidity can be an important factor so that altcoin can last a long time and maybe more than 80% of altcoins on the market do not have transactions of more than $ 1 million per day Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: posi on September 10, 2019, 01:33:51 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: herfianto on September 10, 2019, 01:42:33 PM as much as 99% of all crypto assets will be forgotten in five years time. I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: MikeyVeez on September 10, 2019, 01:47:19 PM There are currently over 2,000 altcoins listed on CMC and let's just say there are 1,000 (or less) more that are still unlisted. For example the total doubles or even triples in five years, then that's around 90 surviving altcoins. I think his 99% estimate is too high. Quote Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.” In short, XRP is one of the many altcoins he refers to as a "junk pile" Nice! :DThanks to atomic swaps and cryptocurrencies that helps to connect 2 diffrent blockchains together, I believe that more than 100 cryptocurrencies could survive. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: nutriagrigia on September 10, 2019, 01:58:34 PM as much as 99% of all crypto assets will be forgotten in five years time. I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Juggy777 on September 10, 2019, 02:06:03 PM as much as 99% of all crypto assets will be forgotten in five years time. I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/ This is quite possible as many alt coins have come and gone, and it’s impossible to keep a track of all the alt coins available in the market for a normal investor. The problem with these alt coins is lack of demand, and they’re not easy to sell hence investors are bound to forget them. However I don’t agree with the number 99% as popular alts like Ethereum, Lite Coin will always be brought and sold by the investors. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: hulla on September 10, 2019, 04:16:54 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did. This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: prof7bit on September 10, 2019, 04:54:55 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did. This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: hulla on September 10, 2019, 06:42:48 PM To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...). We only hope that some of those we have invested in will be saved This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months. after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this. Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did. This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes. Does it still look like it too late to accumulate some Bitcoin? Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Danslip on September 10, 2019, 08:07:25 PM It is only speculation, but hard speculation, that's unbelievable for me. It has been a bit exaggeration, 99% means most of the altcoins will be disappointed, it is highly unlikely that it will happen. By and large, l can not imagine crypto without altcoins. Some of the altcoins can disappear. Speculation is the dangerous game and in the zero-sum trading world only sharks take hgue risks for gaining more profit. Twitter crypto experts are the source of the FUD in the crypto world, to be honest, I don't accept these advices seriously form the social media gurus.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: muhhentuhhen on September 10, 2019, 08:16:33 PM if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable. It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: ethereumhunter on September 11, 2019, 02:02:55 AM if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable. It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded. That is why we always need to research about what we want to invest, so we don't make a wrong decision. Only the weak altcoin that will disappear from the market, and that will no need longer to see that. I think from the last 2 years ago, and the market makes a selection for the altcoin so only the strong altcoin that will still exist on the market. In the future, we will have more altcoin that will release, and the market will make another selection, and bitcoin will adjust the price to a new rate. But at that time, bitcoin price will still at the top position on the market. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: bbc.reporter on September 11, 2019, 03:24:03 AM what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins. We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof? However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe. Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves It is not only that. ICOs do their development similar to a startup. Where would they be after spending all of their ICO funds? How would they continue the project? Dump their share of the tokens hehehehe. They have lost the principles of opensource development. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Mrsparks on September 11, 2019, 05:53:58 AM If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says.[/i] I remeber stating this in a post on this forum lately. Many popular altcoins will disapear from from the crypto space in alarming fashion and we will see newer giants arising.My only question remain if the emerging top 10 will be from The existing market or IEOs being released recently?. The future is gloomy for altcoins at the momentTitle: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: letyouearn on September 11, 2019, 12:54:06 PM All this situation with altcoins reminds me dotcoms boom. Hundreds of new companies, connected to Internet somehow appeared... And most of them coudn't withstand the extinction when the bubble popped... But some of them clearly did it and grew into something really big :)
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: confreslamp on September 11, 2019, 04:19:22 PM I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: lixer on September 13, 2019, 11:15:52 AM as in ordinary business, many campaigns close and new ones replace them. this is a common situation and each of us must be prepared for such events and be very adaptable So projects are indirectly just using the industry as a money making machine to generate money and then go away, and what assurance do we even have that those project that has failed are not still the ones that are coming back again to raise money the second time. If we needed to control these things, old project are the ones we are meant to even pay attention to so that any old dead project would not think of coming the second time through another name to generate fund all over gain which I think that it is the highest form of scam I would ever see. Most of these altcoins are just having repetition of products and that is why they are failing, no wonder Barndt said they would not extend more that the time they have spent now. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: lolak2 on September 13, 2019, 09:20:18 PM Not all altcoins, only altcoin that exist for trading only will die, i do not like that altcoin without real value even if we can make a profit from holding it, altcoins like this should be die
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: PuertoLibre on September 13, 2019, 09:26:50 PM I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them. Some top coins in 2015 now lost the big value and they get deleted from the total marketcap after the dead cat price actions. The new altcoins have the same risk if they don't give the proper reasons for investors in order to get more involvement money in the development. ETH will not be delisted and there is no intention to target the top 3 coins in this comparison.I am sure only 20 or maybe 30 projects that I remember as a good investment but there are more than 2500 altcoins in the cryptocurrency industry. In the meanwhile, the last bear market was not only dangerous for the current crypto investors, but the teams also started to confuse the reason why the market behaves like a teenager. Legit projects have no such embarrassment for general comprehension. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: GrosWesh on September 13, 2019, 09:50:33 PM Peter Brandt is probably right but does not have much merit to imagine that. This is very likely and almost desirable, given the delirious number of cryptos that exist.
How many serious projects among them ? ::) Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Nasonn on September 13, 2019, 10:14:19 PM Well given what is obtainable currently in the altcoin market, its wise to say that most Altcoins won't survive the coming year 2020 let alone surving for the next 5 years. Some Altcoins weren't supposed to be created but they were and such will die off first.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Genkotsu on September 13, 2019, 10:20:48 PM i agree about this statement, especially for every new project are launch crowdfund and offering shit project, no need to wait in long time.
after the project end and listing their in market maybe in 1 year later nothing any news about the project and coin/token they offered will become a trash in the market Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Viceroy on September 15, 2019, 04:32:49 PM Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth won’t go quickly. 10 years at least ;)
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: senin on September 15, 2019, 05:19:32 PM I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: JCviggen on September 15, 2019, 07:47:31 PM Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth won’t go quickly. 10 years at least ;) I think that 10 years is not a minimum and this is the exact term for the disappearance of 90 percent of altcoins, but we still have a lot of time to make money on new projects 8)Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Oceat on September 15, 2019, 08:12:14 PM I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time. I think so but in terms of divide investors, I believe some of these altcoins will be good as dead since they were lacking supports and investors. Some of those loyal bagholders will remain to hold a bag of their favorite altcoins while some may lost hope to hold it and eventually gonna dump it.Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: ven7net on September 15, 2019, 08:18:23 PM Thanks for the interesting opinion from Peter Brandt. I agree that the altcoin market is now sinking and many are waiting for another flight to the moon. However, with regard to the fact that 99% of altcoins can be forgotten after 5 years, this is the logic. Since the crypto market itself is developing, and with its development new projects, new cryptocurrencies appear, it can be assumed that some of them are a test to create something useful and necessary, which means there are chances for new more promising altcoins to appear. Everything will depend on which of the altcoins will become more needed and demanded by the community, then it will definitely exist and will continue to exist.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: disconnectme on September 21, 2019, 08:23:53 PM I don't think we will need to wait for 5 years, there was a research this week that over 600 projects this year have no update of their Github. Most of these projects are dead but thanks to some of these exchanges playing with them they still have decent trading volume.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: akirasendo17 on September 22, 2019, 08:09:18 PM this might be true, or not but as I can see in the market, ripple bitcoin chainlink for instance is being uae now, and ethereum, for that to be 99 percent is way obsurd , I think its probably 50 percent or 25percent, we are not actually sure to speculate because thats what people say on bitxoin ethereum ripple, that its not gonna see tje future but look at it now the price reaches its all time high and people are getting its part of the coin holding it how xan it vanish if the people are patronising it, maybe by 5years it the new currency we are using or maybe not we dont know whats hold the future lets see
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: aemma on September 22, 2019, 08:15:33 PM In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: SolarWindMiningCompany on September 22, 2019, 10:43:29 PM In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings. 99 per cent might be too much but I subscribe to his submission. As bitcoin dominance continues to grow, money will keep leaving altcoins and developers will run out of funds sooner or later to continue development and in worse situations, if they have funds in cryptos like Ethereum which is very volatile, they may be burnt quicker. The challenge is to discover those few altcoins that will survive the purge and invest heavily in them Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: plast555 on September 27, 2019, 04:42:39 PM I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon?
Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition. Some altcoins may disappear but I don't think it would be as big as 99%. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: jarhed on October 01, 2019, 03:25:51 PM I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon? cryptocurrency does not need to rush, after 5 years 30% of the entire world population will use this asset. I use Cryptocurrency for posting calculations every day and it is very convenient.Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition. Some altcoins may disappear but I don't think it would be as big as 99%. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: qiman on October 01, 2019, 04:44:07 PM I think that altcoins are here to stay, but will we ever see the heights that many experienced and benefited from in early 2018? I very much doubt it. I do believe though that some project will slowly develop over time and as tokenized projects, they may bring some holders, some good long term returns, but apart from being involved in pump and dump scenarios, yes I believe many will lose holding coins and tokens that will eventually die off or not be worth anything in the next 5-10 years or so.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: cudora on October 01, 2019, 05:47:03 PM No wonder, because almost no crypto is backed by a working solution that can compete with centralised services. Once we would have such projects, we would talk about the mass adoption of plenty of currencies but as of now, this guy is right.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: dearbesz1219 on October 01, 2019, 05:57:06 PM It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Argoo on October 01, 2019, 06:23:27 PM It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over. Many altcoins were created for a certain type of business and if this business is still working, and even more so developing, then the token will exist for a very long time. Even if there is a need to replace an outdated token, then they will simply send new tokens to the wallets of the holders of the old tokens.I do not think that in five years almost all current tokens will disappear. Of course, this process will constantly occur, but the figure of 99 percent is too high. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: sabine80 on October 01, 2019, 07:26:56 PM i can also well imagine that 99% of all altcoins will die. after all, there are now so many coins and if 1% survive, this will certainly still enough for an altcoin market.
in my opinion, after the death of the 99%, a new and hopefully healthy altcoin market develops. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: RDNX on October 27, 2019, 02:34:46 AM This opinion is not necessarily wrong. I have plenty of evidence to support that opinion.
For example, it's MUSICOIN. I invested a lot in MUSICOIN. In fact, the altcoin is now delisted from Bittrex and no longer appears on the Coinmarketcap website. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Patrix_1 on October 28, 2019, 10:42:23 AM This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: Wysi on October 28, 2019, 11:44:57 AM This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day. Altcoins cannot defeat bitcoin as they need bitcoin in order to survive and if you research on last two bear market where altcoins had a bloodbath both were due to the fact that the value of bitcoin declined and rather I feel we will see end of almost 30% altcoins which are currently listed in coinmarketcap leaving only the valuable assets behind. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: AGroose on October 28, 2019, 11:50:10 AM I noticed that the top 10, top 20 coins are practically unchanged. But the rest jump quite a bit from place to place by capitalization. This means that they are more traded than used. It is what is called the bubble. The new bubble will be called the altcoin bubble ::)
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: xiboothrezi on October 28, 2019, 03:25:25 PM he is generalizing things a lot but they are a lot more specific than that so the range goes from days to years. Indeed too generalized. In fact, there are still some strong potential altcoins with a very good market capacity because the development team is consistent and focused on developing its products. I agree with the topic for shitcoin that is made without a strong strategy and niche, especially those who only follow the trend, it will not last long. But for strong altcoins like ETH and XRP there are other levels.for example there are a lot of shitcoins that didn't even last more than a day before dying and being forgotten. some others like ICO scams lasted a couple of months before dying and in some rare cases the shitcoin is too big to die that fast so they can last for more than even 5 years (examples are XRP, ETH and BCH). but no matter in which group they are, their behavior is exactly the same only on different scales: they get pumped, then dumped and then die. Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: EvgeniyLEV on December 12, 2019, 09:22:55 AM I constantly study altcoins and there really are a lot of them. I believe that over time, only those altcoins that have significant technology will remain and they will be in demand. Most of the altcoins will leave the cryptocurrency market. I believe that significant altcoins are blockchain protocols and payment crypto wallets and ecosystems.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: masterrex on December 12, 2019, 11:48:09 AM It might be happening soon and not in 5 years time, since we can see it already today most altcoins is slowly fading, most altcoin price was keep falling day by day has anyone notice it recently it might be the sign that altcoin market was on the brink of collapsing who knows it might be tomorrow or next year.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: pamsugas on December 12, 2019, 01:01:21 PM I keep following tweet from Peter Bandt he is one of the most reliable bitcoin analyzers. several times he is always right predictions, the possibility of what he said in the next 5 years altcoin will be forgotten. but for the top 10 altcoin or alt who have a community that is still with bitcoin.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: totoy4741 on December 12, 2019, 02:43:56 PM I would have to agree with him. Most of the alts that are in the market right now are almost dead and the teams/developers are not even trying to do any possible thing to revive them. There are some that still operate but don't have enough community support so they still stay out of the radar. Only those coins have made names for themselves and keep thriving are the ones going to survive along with Bitcoin.
Title: Re: Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years Post by: fullhdpixel on December 12, 2019, 03:32:51 PM You guys are missing the point of 99%, he is not talking about the top 10 or even top 20 while saying 99%, right now there is an estimate of around 3000 altcoins, that means %1 of it is 30 coins, so the top 30 is not the ones we talk about.
Surely there will be coins that people and communities try to survive and make a name even after 5 years but lets be honest with each other, any coin that is not in top 30 right now, will be long gone in 5 years, only few will survive and all the ones that are not dead will be basically in life support by the tiny community behind it. Only the strong survives here. I am not saying they will all be gone, but they will not be making any difference at all and they will be on their way to be irrelevant and useless by that time. |
