The biggest problem of altcoins

[joelsamuya]

I agree on your statement, PUMP and DUMP are always the case of altcoins, when the new tokens are issued to the exchanges, PUMP and DUMP of major holders are common, when they make the money, they just leave, its hard to accept but this is the reality of crypto trading. But, it doesnt mean that it will end up here, constant development, will make the coin better.

Have a great day

[bitcoworld]

The problem that most altcoin have is that it is affected by the fluctuation of bitcoin. Most of the time when bitcoin fluctuates, the whole of the cryptocurrency market fluctuates as the market trend is disturbed. I think the new altcoin to succeed must build a strong enough community to support it in times of market changes.

Thats true but i think that this is only one Point of some Major Points which the most Alts have. Some of the Alts have just a very bad Managment and Admins which destroy alot deals with Exchanges that would be possible without them. Also some Altcoin Projects with potencial have the issue that Exchanges want to much Money or Market % of the Currency and the Developer Team might not do it because of they lose to much control out of it (but is something good if 1 person/group controls the value)
The Major Problem is the Bitcoin fluctuation but just for a Short time as we saw the Altcoin Market recovers everytime again except there are Major Problems into the Team of a Coin.

[icohunter1024]

It is true that the Altcoin is now fluctuating in price bitcoin, which shows the Altcoin is still manipulated by the shark. However, the future of the altcoinracs will die only the valuable Altcoin exists and it will escape the price impact of bitcoin.

[Stellablues]

Great conversation, I'm new here and learning so much.  Thank you

[Stellablues]

I totally agree with you. Altcoins become junk when bitcoin is not stable. But I don't think it's possible for an altcoin to be independent from bitcoin since all exchanges are based on this price system.

That makes total sense.

[tomsoier]

One day there will come a time when one of the altcoins, for example ethereum, overtakes bitcoin capitalization and then the dependence on bitcoin will be much lower. Bitcoin is not the most technologically advanced coin, it would be logical if in a couple of years it loses its position in the top 1.

[Onestepinhell]

One day there will come a time when one of the altcoins, for example ethereum, overtakes bitcoin capitalization and then the dependence on bitcoin will be much lower. Bitcoin is not the most technologically advanced coin, it would be logical if in a couple of years it loses its position in the top 1.

Yes, it's also true, bitcoin was like the engine that started the mechanism, but then this mechanism will move on itself, and we'll improve it. So the coin that will beat the bitcoin will be exactly, it's only a matter of time

[Scor1937]

Dependence of  altcoyins price from bitcoin today has indeed become the biggest current problem for the crypto-currency market. Such a state of affairs can`t be considered a market, if all the crypto depends on the price of BTC. It`s no longer a market. The market will be only if each coin or token is independent in its pricing policy. Developers really need to pay close attention to this issue. In the meantime, the crypto-currency market has some kind of hypertrophied, skewed toward BTC. This is absolutely not normal.

[Nikitavoz]

I think the biggest problem is BTC parity. Everything is values in BTC terms so all the altcoins are indirectly dependent on the king. BTC dominance will decrease overtime and the projects behind all these altcoins will be strong enough to have a say in the market. In my opinion the BTC dominance will come down to 25% and further to 15% as market matures and new currencies enter the domain. Like of CHIA, Dfinity , COSMOS will have a huge impact on then market dominance

[cryptofunn]

the dependence of altcoins on bitcoin is in fact clearly manifested on high-capitalized coins and on those where whales are sitting. Coins with low capitalization and little-known are not so interesting to the whales. And so little is supported by manipulation. They react addictively to changing the price of bitcoin and play their game

[AlekseyCrypto]

Me, too, such a dependence all coins not like. I think that when the value of bitcoin falls, this dependence will disappear.

[rolando1994]

I think so, I think the current altcoin price is too dependent on bitcoin so the altcoin developers have trouble in raising the price of their own coin. this makes them hampered to make the program they set to grow

[eMaxie]

Agreed. Every single day a new tokens appear and most of them depend on the Bitcoin or on ETH which depends on BTC)) But it's really worth a try to invest, buy tokens of, participate in bounties of the projects that are really interesting. I don't think that there is much a problem with the dependancy of altcoins of BTC.

[ROMANALADIN]

Any news about the crypto currency can cause the rate to drop dramatically or grow. It is supported by hysteria in the media and jolting on the exchanges after every political statement or another terrible news.

[Monyero]

The biggest problem with alcoin so far depends on the price of bitcoin. If the bitcoin price drops or rises alcoinpun will follow it. Alcoin can not resist the rise or price of bitcoin. This is the biggest problem alcoin so far. Although the value is up and the percentage is not the same, but all remains dependent on the movement of bitcoin.

[makladun]

For now the biggest problem of altcoins is the red market, of course, but the lack of interest on the part of the community, and the emergence of competitors no less affects the situation.

[crypto002]

The Biggest problem can be firstly many of them altcoin will go to zero again because there was no development in project, people behind the altcoin may run away and turns to be scam like bitconnect
secondly can they are not register in a country  where there is rules and regulations for crypto .
thirdly i agree with your point on pump and dump and it depends on bitcoin

[aeternus]

....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.

No that is just an effect, the real problem for altcoins is that no one is using them for anything other than to speculate with the price, that is why they cannot move independently from bitcoin, once an altcoin becomes successful and it is used in whatever they are trying to achieve then that coin will achieve independence from bitcoin, and until that happens altcoins will still be very dependent on the movements of bitcoin.

[Baltior]

....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.

No that is just an effect, the real problem for altcoins is that no one is using them for anything other than to speculate with the price, that is why they cannot move independently from bitcoin, once an altcoin becomes successful and it is used in whatever they are trying to achieve then that coin will achieve independence from bitcoin, and until that happens altcoins will still be very dependent on the movements of bitcoin.

Important companies are study introduce tecnology of blockchain, but they want to create their own coins. Only coins with companies behind them survive in my opinion.

[suryati27]

1. There is at least one country currency that is likely to soon fail, possibly Argentina or Venezuela. This will trigger the mass adoption of bitcoin in the population, thus making its value rise over US $ 50 thousand.

2. The mainstream banks will accept bitcoin, then will start offering storage access and software. They will also create various cryptocurrency derivatives.

3. Despite optimism, failure is likely to occur. As many as 95 percent of digital currencies other than bitcon will disappear. The value of the surviving currency will increase and this will happen within the next four to six months.



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Digital Bitcoin Currency Prediction

4. The United States government (US) will secretly begin to accumulate one of the cryptocurrencies to facilitate transactions in the gray area with other countries. This is starting to happen, but it will only increase in 2018.

5. China will invest heavily in other cryptocurrencies, but probably not bitcoins. China wants a competitive cryptocurrency with bitcoin, but that can be fully controlled.

6. One of the biggest problems with current cryptocurrency is often changeable. At least basecoins are likely to decrease dramatically by 2018.

7. More companies will pay freelancers with the digital currency, which eventually sparked calls for tax reform.

8. Just like the way the internet changed the monopoly of the mobile industry, the digital currency will change the monopoly of money made by the government.

9. A new government organization will be created to analyze cryptocurrency regulation.

10. Thousands of cryptocurrency companies will be born and floor on the stock. However, only a handful earned great success.