The biggest problem of altcoins

[solarion]

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.

Bitconnect is the perfect example for this. They have own wallet and exchange platform but they cheated many people as it got reported on this forum multiple times.
We need to check the project potential level and sell the coin if that reaches to expected value level.
Cheap altcoins also bump in the marker later but need to learn their white paper to understand whether is the future focus on their toad map.

[stomachgrowls]

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 

The cycle would still continue and cant be stopped as long this cryptocurrency world do lives.Bitcoin cant guaranteed on not to be replaced by an altcoin.It all depends on the people who do support it we cant say that this would last forever and we do all know that technology do evolve as the years goes by and people might seek for more updated and more features that might able to see into newer coins.

[asena]

....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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

[yingfeng]

....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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

The main problem is the too large percentage of the market capitalization of btc. When btc falls, everything falls. I agree that it is very important to get rid of the influence of btc.

[lenj]

....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.

Pump and dump group can only work to any altcoin which has low marketcap.
The altcoin only being traded in small option of exchange so thats why its very easy for that group to manipulate the price.
Specially bitcoin, they can not really pump and dump

[rjsmith]

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.but other blockchain technologies are pretty good rather then BTC.

[miningguru]

....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 you are right. Altcoin prices are continuously changing by the changing price of the bitcoin. I think independence of the altcoins is very important for the future of the cryptocurrency market.

It is not possible because on the basis of ETH and Bitcoin altcoin are launching, so it might effect altcoin with the decrease price of the Bitcoin and altcoin. Think about, it is not possible for the market to give profits every time.

[EvaGC]

Don't you think Ethereum is close to BTC-independence?

[Black_bl]

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.

Bitconnect is the perfect example for this. They have own wallet and exchange platform but they cheated many people as it got reported on this forum multiple times.
We need to check the project potential level and sell the coin if that reaches to expected value level.
Cheap altcoins also bump in the marker later but need to learn their white paper to understand whether is the future focus on their toad map.

Right man, bitconnect was a coin for newbies with strong marketing. I don't think that experience crypto users have fallen into this trap

[gua86402]

Many Altcoins are the Cryptocurrency tulips. They never have the infrastructure, the support, the nodes, the merchants, or the high-end developers to continue their existence, so from that moment on, they envision a scam.

[slaman29]

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.but other blockchain technologies are pretty good rather then BTC.

That is the essence of crypto, a basic foundation that people seem to forget easily in all their talk of being the Bitcoin killer, better than Bitcoin, competitor of Bitcoin, etc. As much as alts don't want to admit it, crypto is equated first and chiefly with Bitcoin. If Bitcoin does well, then in general the way and path is widely open for alts. And the inverse is completely true as well. Blockchain may be the value within, but not in this climate when utility is still not achieved.

[grumpy619]

The one of the biggest problem of altcoins that they are so joung. And there are too much similar projects appeared last yearы  - it should take time for them to strengthen its position, become more self-reliant and sustainable, which will make them less dependent on bitcoin. Right now BTC is main asset in crypto world and when we get negative news , the whole crypto market is under pressure.

[reliable]

The one of the biggest problem of altcoins that they are so joung. And there are too much similar projects appeared last yearы  - it should take time for them to strengthen its position, become more self-reliant and sustainable, which will make them less dependent on bitcoin. Right now BTC is main asset in crypto world and when we get negative news , the whole crypto market is under pressure.

Too many ICO projects and many would be near about same and trying to get the investors which is happening now days. Many of them want their coin to be listed in best exchange and trade at higher value so that they can make some good money with their coins. But if the team themselves do not care much about coin for a long term perspective or want to sell and move to other project once it reaches some price it can be drastic for investors  who invest their money.

[sandgluenick]

The one of the biggest problem of altcoins that they are so joung. And there are too much similar projects appeared last yearы  - it should take time for them to strengthen its position, become more self-reliant and sustainable, which will make them less dependent on bitcoin. Right now BTC is main asset in crypto world and when we get negative news , the whole crypto market is under pressure.

Too many ICO projects and many would be near about same and trying to get the investors which is happening now days. Many of them want their coin to be listed in best exchange and trade at higher value so that they can make some good money with their coins. But if the team themselves do not care much about coin for a long term perspective or want to sell and move to other project once it reaches some price it can be drastic for investors  who invest their money.

it is precisely the thing that makes the world more colorful crypto, there is always a new coin that is born makes the competition more exciting, and every team of developers should always be able to realize every roadmap that they have compiled so that the coin can continue to compete

[baghdatis1990]

       On the cryptocurrency market, bitcoin is by far the most important. It is somewhat normal for all other coins to refer to Bitcoin. It is a fairly stable currency, which up until 1 year ago had no big fluctuations, but it was only growing. I do not think it's going to change soon. But I also think that if there is a currency, what will not be related to bitcoin, that will win the market cryptocurrency.

[whaawh]

       On the cryptocurrency market, bitcoin is by far the most important. It is somewhat normal for all other coins to refer to Bitcoin. It is a fairly stable currency, which up until 1 year ago had no big fluctuations, but it was only growing. I do not think it's going to change soon. But I also think that if there is a currency, what will not be related to bitcoin, that will win the market cryptocurrency.

of course altcoin is very different from Bitcoin, because its vibrations are much less noticeable than it is with Bitcoin. In general, the growth trend in recent years for all coins is crypto currency, but Bitcoin today only embarrasses us.

[manhont]

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.

Such coins are subjected to pump and dump people involved in closed insider groups ... and just so you do not get insider information

[Forbiddenone]

Well it is not the problem with altcoin,it is a problem with traders,they run after btc so much that whole market is dependent on btc.when btc pump, trader start selling to ride on btc rally and when price dump,they started to panic out and cashout.whale manipulation is also a big factor.

[n0ne]

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.

Such coins are subjected to pump and dump people involved in closed insider groups ... and just so you do not get insider information

That's the fact, and even the developers intend to pump and dump to make profit out of the respective coin. When continued price dumping happens investors tend to sell their holdings. This allows the user get back the respective tokens in a lesser price. Same further starts increasing allowing people to make an investment.

[kirstiemorton23]

people still get into trouble with the fact that Bitcoin has a limited supply. 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. Miners must continue to rely on transaction costs to keep operating. I agree that ethereum and other coins can replace our addiction to bitcoin..