Well, you can not call a shitcoin because you see a graph showing a decrase in the rate. It happens to bitcoin as well, so are you saying the same about bitcoin? It's true there are a lot of shitcoins but in my opinion monero is not one of them
i have explained some of the reasons in the post above yours. please read that. also mentioned monero.
Well I can't class all of those as shitcoins, but you're right, most alts do regress to the mean and end up dying over time due to a lack of community involvement. I don't think it's fair to call ETH a shitcoin, nor Monero or Ripple, but I can respect that opinion and see that viewpoint.
It's not surprising at all to see a lot of downtrends though, considering Bitcoin has been very strong over the past few days. I'd be selling my alts for BTC.
well sometimes it is just opinion and sometimes it is facts. i like to think it is up to any individual to come up with a final conclusion about any of these altcoins.
and yeah it has always been like this, when bitcoin price goes up, majority of altcoins get dumped hard apart from some exceptions. and those exceptions (like litecoin in here) are moving up with bitcoin in about 90% of the rises and they also get dumped in 10% of rises give or take.
Every shitcoin has it's small community - many shitcoins many communities, 7 billion people create their own shitcoins and every shitcoin will have a community of 1 person, and so on so - the number of shitcoins strive for infinity and their community strive to zero and so respectively it's price.
define community.
so far this "community" you are talking about consists of experienced traders who are trading these coins to get out money and care about nothing else.
pumpers who scam others into buying what they have bought before to dump on them.
desperate newbies (poor souls) who buy in the hopes of making a tiny bit of money but lose all they have.
There is some biased on what you are saying as you have dislike only Altcoins in general who are in a downtrend or at least red.
every opinion is somehow biased! and it is not at all about me disliking these coins. i love altcoins, they are the source of about 60% of my current bitcoin stash that i am hodling because of all the profit.
Also you have put a linking into an Altcoin without basis on its Fundamental and Technical analysis you just based your pick because you "like" it.
i did some explanation in my other comment though
and i am one of those people who thinks no kind of analysis works with altcoins.
Haha
That's a funny representation of the alt-coin situation. I really like how monero is the last one to get eaten, I think monero has some potential to be a good altcoin I had invested in it and made some profit.
I love this GIF. specially the way Monero squints at the end.
also i should say that making profit doesn't make an altcoin good. although Monero is a good coin.
