The biggest problem of altcoins

[Maricurijohn]

Nowadays, the biggest problem of altcoin is that so many coins are being produced in the market, they compete with each other quite a lot, causing prices to constantly decrease.

[luckyluigi]

....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.

This is really an interesting question, why does they are having so much dependance, while they are mostly a stand-alone projects with their own market trading amount and seems like they can exist without any support...

[Endank]

....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.

Bitcoin is a brand! That will be the rule until whenever. But I think all altcoins are created with penny prices, and do not need to be bigger than Bitcoin.
If a coin can compete with another altcoin, I think a coin would already be a very good business.

[swartzias]

The biggest problem of altcoins it's usability. Do you know where can use them? Do you need this? When people really understand that altcoins and cryptocurrency can help them in daily life, they will start grow and will be more stable.

[onaiwusun]

Everything dependence on bitcoin is not too healthy for the market, that is why the development of stable currencies (aside tether) will be a good thing.

[txfidk]

I fully agree with you and also believe that most altcoins are dependent on bitcoin. and we need a coin that will surpass bitcoin and be independent of it.

[rippar]

The biggest problem of altcoins is that they have a low liquidity, so it is a pity when the 24h of your alt is around 1000$. So, a lot of altcoins are not suitable for trading, only for long-term investment.

[Joygalzz1]

I think I do believe and take same stand as you. It is a pity that almost and if not all Altcoin depends on bitcoin for its upward and downward trend. This sometimes makes it almost difficult to trade altcoin especially in days when bitcoin is being down like we saw recently. I hope we someday get a coin greater than bitcoin.

[MEMEX]

....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 that's part of the game. Bitcoin will always be the first, because we do want it. No matter what position our investment amounts to, we will always see Bitcoin as a reference for making decisions. So until the 100 richest people in the world, or 10 of the world's largest companies make an altcoin, there will not be a coin going anywhere near Bitcoin.

[PutuPartoHarjo]

....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.

To compare it, it might be fairer to see from marketcap, because of course all have different supply. But indeed we all know that there is a real correlation between Bitcoin and the whole market. And in my opinion, there probably is no altcoin that even wants bigger than Bitcoin, because it will make the market become abnormal.

[pistachefreak]

Well, now we are seeing ethereum as another reference as well, but as long as all transactions continue to be made with fees paid in btc or eth this parity will continue, I don't understand very well how this union works because if one goes up the other low and vice versa but also act in an inverse or neutral way one from the other, I think this parity will end when bitcoin is not the reference point when we think about cryptos.

[Tran Dinh Nam]

The biggest problem with altcoin is that altcoin don't have a finish product.
Secondly altcoin rely or depends on BTC.

[cergikom]

Beside all the mentioned above facts (price dependence on BTC, large variety of useless coins and tokens that only divert) each coin will be 2nd after the greatest and they hardly ever have such additional value as Bitcoin.

[itsik78]

Virtually all crypto-currencies have a positive correlation among themselves, crypto-currencies, in general, move synchronously.

[RohitMalhotra123]

There are some biggest problems of Altcoins are as following:----
1) Altcoin is in second position after Bitcoin.
2) It totally depends on Bitcoin.
3) It is very Pity.
4) It is not suitable for trading.
5) They don't have a finish product,its only use in long term project.

[Fantina]

Virtually all crypto-currencies have a positive correlation among themselves, crypto-currencies, in general, move synchronously.

And I think that a lot of crypto currency. On the one hand, it is good when there is such a progressive development, and on the other hand, the crypto currency needs to be finalised for life, and investors are not enough for everyone.

[kiatitami]

There are too many altcoin nowadays and they have been competing with each other quite a lot, so the altcoin value is always lower than the price in the ICO period.

[e@symode]

I would like to add the main problem, which today very seriously worries many investors is the guarantees that the developers will have to provide us, if they stop working on the project, they clearly intended to deceive everyone.

[Urtaev]

Undoubtedly, the problem of the dependence of altcoins from Bitcoin exists. To a greater extent, it manifests itself in price, when, during the fall, Bitcoin pulls the remaining currencies.

[SanchoBTC]

I think that the biggest problem with altcoins is that they are strongly tied to BTC. At a time when BTC falls, the alternative coin feels very bad.