The biggest problem of altcoins

[Timos2018]

Try to imagine such the situation : bitcoin disappears from whole world, erased , swiped out- what happens with altcoins after 1 day, 2 days?

[zhekinsp]

Try to imagine such the situation : bitcoin disappears from whole world, erased , swiped out- what happens with altcoins after 1 day, 2 days?

Bitcoin and altcoins are completely independent their price depend on the demand and supply so there is no problem the altcoin can hold the same demand even the bitcoin disappers.But I don't think altcoins will stay too longer if the bitcoin falls because people will be scared to invest on the other crypto currencies so the altcoins will also dissappear in some days.

[alexv10av]

Altkoins are not Bitcoin! We need more to advertise altcoyins. Statistics show that with each month altcoyins are becoming more popular

[Vseguin45]

I just think that altcoins don't have many weaknesses, in the last few months there has just been an inflammation around the Bitcoin mainly, it was crazy and the price exploded in just a few days. With everyone looking to exchange crypto currencies, the system became unusable with much too long transactions and the explosion of fees for a transaction. The value was overvalued. I think this explosion was too rapid and the system didn't have time to regulate itself to answer the high demand. It simply gives the crypto coins time to develop. But the development of crypto currency has an important ecological impact with the enormous electrical consumption of mining. So we'll have to find solutions.

[amber deposit]

Yes, the influence of bitcoin on altcoins will be for a long time. Bitcoin is an analogue of the US dollar for crypto currency. I do not even know what can affect this connection.

[Early_Waffle]

....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.

soon there will be a mess in the altcoin market. there are services that allow anyone to issue their tokens. why all of this it is unclear

[felipe04]

....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 know the more coins the more ways to earn but think if we have many coins i'm sure a lot also not go well like some coins turn to shit coins because the value and popularity go really low so that's one of the problem

But that's the risk in crypto so they try to do create new coins for their earnings too that's why they take the risk even they lose a lot of money

I think also the problem is not only in different coins but they create a lot to scam others also so it's bad or that's problem in users,traders and in investors of some altcoins

[cryptolord2077]

Even if bitcoin disappears, it will not make big influence on alts, but if he goes down it will make

[maimainguyen05]

I agree with your opinion. Currently, altcoin is heavily dependent on Bitcoin rates. If the bitcoin rate increases, the altcoins will increase and vice versa. Also, the altcoins use Blockchain 2.0 technology of Ethererum, so if the crypto rate decreases, all altcoins will also drop too.

[sunsilk]

One of the reasons why we cant really raise up the price not only that there are lots of projects turns out to be shitty just focusing on making money for their devs without even caring out the true potential of this cryptocurrency potential for longer terms.

This is the biggest reason why those legit and really promising coins aren't moving upwards because of those people who are only for the profit and not for supporting those coins.

The cycle goes on and they keep on creating new one after they are done with their current launched ICO / project.

And once it reached their soft / hard cap they are nailing and starting to take profits. I have believed this since before that the altcoin market is totally depending to bitcoin market.

That's why it is called the king.

This is not good, suppose if bitcoin get knocked out of the race, the 2nd most (Ethereum/whatever) is going to take its place and do the same to alt coins
Then altcoin market will depend on ethereum or whatever and people will keep raising money for their dev and grab the profit until the whales decide play time is over 

Whether this isn't good, what can we expect to a free market? Everyone can contribute in the slightest way that they can but that contribution will be nothing when those whales steps in.

Wrong if you are saying that the altcoin market will depend on ETH. Even Ethereum is depending on bitcoin.

Just like what I said, its the king.

[holigans]

not about addiction but it is already from the beginning like that because its own altcoin comes after the existence of the bitcoin. bitcoin will become a reference for all the coins and prices became the center of all the coins. It is not possible if the altcoin stands alone without the presence of bitcoin.

[Toukexx99]

For most people in the Bitcoin community, altcoin is still considered to be nothing more than a fraud mode. Part of the reason is that the developers of altcoin and its promoters are often found telling people to buy altcoin as  their own financial advantage.
And the price of alco is influenced by bitcoin price,  So if you have a coin, it would not hurt to trade it if the exchange rate is above the price when you buy it Or if you want to keep hold of it also does not hurt, because it could be Cryptocurrencyini back up to a higher value again.

[Axelion]

The real problem is development. At the beginning yes they will be dependable on Bitcoin and susceptible to pump and dump, but the key for success for every product is to develop and be useful and popular. Ethereum made a big step in that way. His price is still connected to Bitcoins a little bit, but not we can say that he is independent.

[BlackPanda]

....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.

Altcoin price is strongly influenced by the price movement Bitcoin, Bitcoin become the main benchmark in the movement and development of prices Altcoin. Even a lot of Altcoin that succeed or fail because of the Bitcoin price movement so drastic. Altcoin's success is if they can get rid of the shadow Bitcoin, but I think altcoin with good management like Etherum was still not able to do it. It took a very long time and also of course must get a strong confidence from the market for the implementation of it, the power of Bitcoin is very large but when an Altcoin can get support and also trust then anything can happen, Yes in the world crypto everything can happen, even an impossible thing can come true because the crypto world often shows miracles.

[NeuroticFish]

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.

Most of the blame goes to the exchanges, from the crypto-only exchanges of which most have only BTC/xxxx pairs and maybe USDT/xxxx pairs to the ones that work with fiat, which don't extend more than Bitcoin, maybe with some additions like Litecoin and Ethereum, and with miracles like Dash, Monero, and very few others.

But it's about to change, because a number of not very big ICO businesses are acquiring banking license or get support for card or link to financial institutions and they'll (sooner or later) allow fiat/token pairs for themselves.

Of course, the coin devs will have to also make their moves and strike deals with the ones that can help them get direct coin/fiat pairs get listed/exchanged. Not easy, it requires money, which most prefer to keep for themselves.

[Agaton]

As a crypto enthusiasts, we are all here act like brothers and sisters, as we noticed that all types of coins like etherium, monero etc. are all dependants of bitcoin, and we must accept the flow of reality system that all types of cryptocurrencies are only beyond control by the power of bitcoin, it is only base on my experience that those other cryptocurrencies are not directly use to convert real paper money, unlike bitcoin cryptocurrency that anytime we can easily convert into real money.

[richminded]

One of the biggest problems is that among the altcoins very often there are more and more scams

Its true, even a good project turns into a  scam, sad but its happening. Altcoins created to make good services that bitcoin can't do but people behind it are just greedy and that's why altcoins are having problem. Altcoins can survive this I know but people should be more careful on investing with the new coins.

[kickdapa]

Right. altcoin is always dangerous because it can be scam at any time. a coin is not practical, it is easy to scam

[onrise]

Right. altcoin is always dangerous because it can be scam at any time. a coin is not practical, it is easy to scam

If invested or bought an unknown coin then chances are very high that it would be dumped quickly or get scammed as those are money making tricks by the developer of the coin. So always do not invest a lot of money on such coin and do your study thoroughly so that you can reach on some decision and pick the right coin for purchase.

[onnz423]

Well actually there are numerous coins that outperform bitcoin and improve in value even when bitcoin is experiencing a dip. These coins tend to be located in the sub $30m market cap territory, so are likely controlled by different factors rather than general news surrounding cryptocurrency. Just check out coinmarketcap.com and look for new, promising coins that are on an upwards trajectory, it isn't too difficult to find one that will appreciate well.