The biggest problem of altcoins

[ashaksagnis]

It all depends on the bicoin situation. The problem with Altcoin may be that there is a lot of it

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[doublecoins]

crypto market is still immature to have individual strength to stand on their own or else create side market we can expect eth and neo will take btc place and we can expect alt coins get traded on this currency pairs

[paul gatt]

In my opinion, the biggest problem of altcoins and of any coin. It is a must have market, must have reasonable supply and demand. It can not beat a long-established currency and is as strong as bitcoin without good tactics. In China the altcoins are severely reduced. Because of counterfeiting and piracy.

[Greenw87dpecker]

I think that the independence of altcoins from bitcoin is inevitable and we will see it in the future. Bitcoin has more than half of the market capitalization, but bitcoin is outdated and not suitable for use in practice.

[Faeton]

Yes, the biggest problem with altcoins is their price dependence on bitcoin. They must gain strength in order not to depend on it. Or something needs to be changed in the technology of crypto currency. This is particularly depressing now, when from January the prices of almost all altcoins dropped after bitcoin and the market has been frozen for three months already.

[ann_82]

The problem with altcoins is that their perfomance is measured in terms of BTC.of course,the price of bitcoin affects the situation of the entire crypto-currency market, one criticism that Bitcoin's supply is how miners cost if they no longer get the rewards from the blocks they get. They are afraid the mining system can not continue because all Bitcoin has been mined.

[Mavilcposeti]

Bitcoin will always affect altcoins.There are always bitcoine dependencies.So it will always be a problem.But I do not see it as a problem because in the future it will be the currency of future for bitcoin

[bellakw08]

We cant blame all this conditions to bitcoin only , the biggest problem of altcoins is not 100% dependable on bitcoin , it also depend on how the development of the altcoin itself , if one of the altcoin can get amaze feeling from their investor by promising and dedicated 100% to their project , and its real that all the project they developed will successful launch , i will say the altcoin will have their moment itself while bitcoin is kissing the ground situation

[Kanvashardas]

Well, old man Bitcoin is still pulling his glory with him. You got to give him credit for what his done for crypto. But anyway, we will see altcoins going solo when products and real world usage start to come.

[Mazand]

They need time to become independent. Just time.

[h55]

....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.

No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.

Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.

Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.

I think this the main time that alts could separate their ways from BTC trends. I think the dollar or other fiats is good bases for trade.

[ImSuparmin]

I think the biggest problem today is the drastic price reduction in alcoints, one of which is caused by the absence of approval or illegal digital currencies like BTC, ETH and others in almost all the world, whereas I think digital money is almost equal to the money a day -Our day, but the difference is just digital money in use indirectly, maybe someday there will be sophisticated technology that can change the principles of the state to be legal in digital money affairs.

[ImSuparmin]

I think there will be a big breakthrough in altcoins, there will be new innovations to lead the digital currency world.

And hopefully it happens, because now altcoints is on the threshold, hopefully there is a miracle in the world of digital currency that can raise the price of alcoints with a fantastic price.

[whandut93]

The new ideas attract not only visionaries and pioneers but also charlatans and fools. The former group understands the nature and potential of the new idea and attempts to extend it in new ways. The latter observes the success of the former and expects similar results through blind imitation and empty hope.

It was is absolutely appropriate to characterize the many alternative cryptocurrencies modelled on Bitcoin, which are collectively referred to as altcoins. Technologically, they are all very similar to Bitcoin: there is a blockchain to store transactions, a consensus mechanism to build the blockchain, and a cryptographic protocol to register transactions.

It is not a matter of its technology, but rather of history and community. Quite simply, a medium of exchange that is more widely accepted on the market is more useful than one which is not. This is known as the network effect. An initial imbalance between two nearly equal media exchange will benefit whichever is more widely accepted until a single one overwhelms the rest. There is no limit to this effect: ultimately one would always expect a single currency to overcome all its competitors.

Because it was started earlier and has had a greater opportunity to grow and attract users, Bitcoin has a market larger by a wide margin than all the markets of all the altcoins put together, and this makes it vastly more useful as a currency. To defeat Bitcoin, an altcoin would require not just superior technology, but such vastly superior technology as to be an advance over Bitcoin comparable to the advance Bitcoin represents over fiat currency. Furthermore, a truly great innovation would much better serve people by being incorporated into future versions of Bitcoin rather than by requiring them to switch to something else.

[cocoliuis999]

This situation will gradually improve in the future, the market is firmly clearing the worthless altcoin, this year will be a block chain technology year, those with professional technology altcoin will be more people concerned, they receive the impact of price fluctuations in bitcoin will also become smaller.

[tachi641]

I think that the biggest problem of alcoins is a big quantity  different kinds of coins. It so difficult to monitor trends and news about it and too difficult to decide which coin is good and promise big profit.

[jerimarsella]

I also agree. This is according to me are not qualified so well because surely a coin should have a strong establishment and not based on reference one coin only. Hopefully in the future will be better.

[lucas2008]

The biggest problem is that btc has not yet recovered, investors are scared.

[palermofc]

Altcoin prices can not be independent from bitcoin since the trading system and all exchanges are using bitcoin price parity. If bitcoin price drops more than the rise of an altcoin price, it will also seems to drop. Bitcoin price should be stable for reliable altcoin prices.

[cryptorobbo]

That's true! And in the future it should change. BTC dominance should decrease and the projects behind all these altcoins should be much less dependant on it. Often happens this scenario, when some altcoin release updates or great news, the price of the coin starts to go up, but unstable behavior of BTC cut the impulse and preventing the price to grow.