The biggest problem of altcoins

[yomikiyao]

After last year's development, the value of the latest technology has not been shown, which has led to the stagnation of most coins and tokens in the market.

[Abbey77]

The biggest problem of altcoin are many, but the potential of a coin depends on its market price stability and some altcoin do not worth investing into them

[JQCrypto]

....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 the big brother of crypto market. But I think altcoins will gradually become more independent from bitcoin.
- Previously, to buy altcoins we have to use fiat currencies to buy / sell bitcoin first, then, use bitcoin to buy / sell altcoins.
- But now, we can easily trade Altcoin with USDT or Fiat currencices

[SistaFista]

....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 it is difficult for altcoin to not depend on bitcoin because there are many btc holders are holding the altcoin too.
The pump and dump groups are still existing even in the bearish market, but i don't think they will be able to controlling the market.

[Harpawan]

I do not agree with developers who cannot work optimally, they are the main cause of cryptocurrency today.
they are not ready to manage the entire community and only cause investors to lose money

[funkenschuster]

That example is extremely normal, when bitcoin goes up altcoins have an exceptionally solid inclination to go up too and since they have a littler market top they can go up quickly, anyway the contrary example additionally happens when bitcoin goes down altcoins have an exceptionally solid propensity to go down too and more often than not they go down speedier than bitcoin. I think the most serious issue of altcoin in the present time is the exchanging volume of the entire market and particularly the altcoin is little so it is effortlessly controlled by examiners who need to control costs.

[reting]

BTC is a large part of the cryptocurrency market. Trading happens largely in bitcoin/altcoin pairs, so they fully depend on the price of bitcoin.

[GsxR150]

At present, almost all altcoins, both old and newly emerging are connected to bitcoin. I hope, as soon as possible the altcoin must start and stand in their own way. If not, I think until the end of the world the situation will always be like this, bitcoin will always be a reference and determinant of altcoin prices.

[EducoinVietnam]

....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 do not think that altcoin is the best thing that could happen to cryptocurrencies. Now they are not so popular, unfortunately

[dimb]

The biggest problem of altcoins is that their price fluctuates very much, which causes their instability. Therefore, when investing in the crypto currency, you should be prepared for this.

[Sarisang]

current dependence of course also due to the dominance of the bitcoin. This makes a lot of altcoins adopted many things from bitcoin. so will cause any increase and decrease there happens naturally because of the bitcoin and not of achievement or his own altcoin system.

[aonfons]

I still see the biggest problem is the excessive dependence of the market on Bitcoin, the altcoin can not be independent of the BTC on the price. In addition, the sharp drop in value is the attraction of crypto to traditional markets. This is a great opportunity for investors.

[hsnjtdj]

I agree with you that the biggest problem with altcoin is that it is too dependent on Bitcoin, and I think that altcoin will never be able to get rid of Bitcoin and survive alone. Bitcoin is the king of cryptocurrency and its status is very stable.

[FinanceX]

....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.

Introducing more fiat-to-altcoin trading pairs will separate their fortune from BTC. The alt-coin would have already built up quite the reputation first but then the trading pair will allow it to flourish without traders purchasing BTC first before trading for that coin. BTC is often an intermediate at the moment meaning it will stay dominate without this initiative.

[Fritz93]

I believe that there is a dependence of many altcoins on bitcoin because these coins are not backed up by anything. That is, they do not have a working product. As soon as a working product appears, it becomes a more independent coin. And already a lot will depend on the development of this product.

[idioma1]

Yeah, you've described the real state of things. Everything works like that and it makes an order. In other cases there will be a mess

[Baggong]

I think the biggest problem of the altcoins is that there is no regulation that regulates, as we know that currently more than 1800 coins and tokens have been registered so that many coins will die.

[qidai9]

The biggest problem with the altcoin is that it can't get out of the market. The encryption market is rich in its own value. Without the cryptocurrency, it is nothing. If you leave people's investment, it will be worthless.

[John Emst]

I believe volatility, one of the problems that hit the crypto-currency market this year. And also the problem with the confirmation of the viability of the concept. Which Companies do not want to switch to the block system until it is proven that it has scalability for solving problems in the real world, but there is no way to confirm that the blockbuster has such scalability until some large company goes to it.

[hanadaya]

I think this cycle will continue and cannot be stopped as long as the cryptocurrency world is still alive. The current price dependence of altcoins from Bitcoin is indeed the biggest problem now for the cryptocurrancy currency market. Such a situation cannot be considered a market, if all cryptocurrancy currencies depend on the price of Bitcoin. This is no longer a market. The market will only be available if each coin or independent token is in the price policy.