The biggest problem of altcoins

[KuromaYoichi]

Price wise you are quite right as they are influenced by the price movement of bitcoin, almost all trading pairs in crypto is againts bitcoin so ofcouse they will be bitcoin dependant, that's why it's very important to have more fiat pairing so that the projects can be independent and their value will grow according to the development and progress of their project.

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[dizzy1996]

I believe that the main problem of altcoin is their volatility. No one likes the unstable course. All investments are at their own discretion and you do not know what the cost will be tomorrow

[poodle63]

The biggest problem with altcoins is that it can't stop those scams. There is currently no effective regulation for scams, so investors easyly to be deceived. Real projects will also be lost money because of many scams, so that the price performance in the market is not ideal.

scam happen everywhere, trust me, even the regulated ones like initial public offering (IPO) sometimes being used to scam people and as a money grabber.
It's just really hard to prevent such thing from appearing since there's some people that always have bad intention so better watch yourself. If im being honest, other fundraising method like kickstarter and crowdfunding impose the same risk.

[Godsinocool]

You've highlighted the problem well. It remains the biggest problem most altcoins face. They have total dependency on Bitcoin which is just too bad to their effective growth. Once Bitcoin begins to fall, you see them dumping and once it is rising, you see them mooning. It's really an issue.

[copyfile]

I agree that altcoins ' dependence on BTC is big and obvious. Whether they will be able to escape in the future from under this oppression is unknown. And so of course, altcoins that will be able to achieve this, will become clear leaders among other altcoins throughout the cryptocurrency space. So our business is small, it remains to wait for such promising projects that are ready to compete for the title of the best altcoin.

[coynedterm]

....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 Field of the cryptocurrency is full of freedom , where everyone is able to do work that what he want in actual and he don't want any type of the restrictions that what they want to do .
Here this freedom is making every person to say and do anything that what they want , that why some altcoins owner are saying and claiming like this , but in actual it is not eastfor any coin to break the market of bitcoin because bitcoin is not a baby , this is first coin that is making the whoel cryptocurrency market intergate with his trading links .
And here altcoins are big power of the cryptocurrency market because this is same as without people world will not be world , similarly without coins there will be no cryptocurrency market .
Here if bitcoin will get very back in comparison of the another any coin then surely people trust will break , but surely it will not going to happen .
Bitcoin will remain king and almost every coin will depend over bitcoin , don't think that another coins team are working much hardwork to increase the market but here with that bitcoin's is also doing work to make the bitcoin more perfect , so this competition will always remain existing and bitcoin will remain at top always .

[Netcave]

There is no big problem in the altcoin, everything is slowly resolved. If yesterday altcoin had a big problem because of the price that was influenced by bitcoin, then today it all began to be resolved. It's only a matter of time, until the time for altcoco to find the perfect way to kick bitcoin from the king's seat.

[Etronix]

In my opinion, the biggest problem of altcoins that exist today is still too dependent on the price of bitcoin. If the altcoin has a different concept from bitcoin, of course the cryptocurrency world will be more interesting and varied. It's not easy, but this is also very possible, it all depends on the team finding the best solution.

[ganesh10]

I think the biggest issue is that there are too many altcoins at the moment, and most of them are not even try to innovate anymore, they just try to be part of a market in order to get profits, there are exceptions though.

[otunyot]

Altcoin in my view have come a long way and it will continue to develop and evolve in part of Cryptocurrency that will be able to stand on their own with time.  Bitcoin took some time before it became valuable,  I predict the same trend will be said of altcoin in the future!

[gucci belt]

The problem is still the same, and has not been overcome, even after having the best technology at the moment, in fact there are still many top-level altcoins whose prices still depend on the price of bitcoin. Bitcoin dominance is not as strong as the previous year, but the influence of bitcoin is still very large in the crypto world.

[DesiHunterrrr]

In my point of view the biggest problem of a coin is instability yeah on instability so there is lots of work to have to done there it took time lots of time almost 5 years so we can see things quite differently

[Glomerulus22]

The biggest issue of altcoins is that there is too much of them and many of them are useless or even a scam. When I look at the 1700 coins of CMC, I guess that almost 1100 of them are worthless and should die sooner or later.

[nolestiket]

The problem with altcoins to me is their unpopularity.I think a lot of people know in everyday life about bitcoin and Ethereum,perhaps about a few more TOP 10 crypto-currencies.But other cryptocurrencies for them sounds like something new

[jokowo]

The biggest problem of altcoin is themselves. Altcoin does bring a lot of great technology, but why is it still difficult to drop bitcoin to this day?
This is a problem. At present, many types of altcoins are undoubtedly capable, but more than that, the altcoin must be able to stand on its own.

[Mark X]

There are some of the biggest problems that altcoins have to watch out for:

1. Not all cryptocurrency can be used as a currency.
Currently, the most easily accepted as a payment tool is bitcoin. If you 'mine' or use other cryptocurrency, then you must be very careful. Don't be fooled by the offer to buy another cryptocurrency.

2. Not worthy of investment.
It is true that cryptocurrency capitalization values ​​increase over time. But the fluctuation is very unpredictable because there is no single country that controls this digital currency. Do not let you be consumed by an offer to invest in cryptocurrency. Just use it for ease of payment or as your side income.

3. Easy to use for bulging investments.
In the absence of a regulator that controls the digital currency, there are also many bogus investments circulating using cryptocurrency. Ponzi schemes and money games thrive thanks to this digital currency. Be careful of offering investments using cryptocurrency. There is no money that is easy to get.

[tempebacem]

Altcoins' biggest problem is the unimaginable amount that goes into the market today.we cannot imagine a crowded cryptocurrency market and how many alts will decrease. The biggest problem with altcoins is that they don't have strong brands, they might copy some of the Bitcoin code. but can do many useful functions. if they havesome important uses in the real world.I think they will live forever.

[thsaudtl1]

The problem with the Altcoin I think is that it is being heavily influenced by the bit coin. We should not blindly invest a lot of assets in Altcoin.
Investments need to be analyzed carefully, and investments can be made even when the bit coin is up.
Alto coin is nothing more than a deadline, as long as no alto coin against the bit coin appears like a comet.
Please bear in mind that there is a possibility of being abolished once and for all.

[roadwell890]

I think the biggest problem of altcoins and other cryptocurrency is the new tokens that are launched in the market by relying on ICO funds
they are not ready to manage the entire community and only cause investors to lose money
I don't agree with developers who can't work optimally, they are the main cause of the current cryptocurrency

[Zaibraid]

In my opinion the problem brought by altcoin is that this altcoin cannot follow the competition in the market. This is due to the limitations of the technology carried by altcoins. This technology is certainly less varied and innovative. This happens to altcoins that tend to be new. So that this new altcoin will be selected by the market and cannot last long in the market. I really regret this so it is better before creating coins that we make a good sustainable plan so we can anticipate the competition of crypto currency coins on the market.