The biggest problem of altcoins

[Via-]

Even though altcoin is currently quite a lot of users, it is still below that of bitcoin. Today, bitcoin has more and more users. Altcoin is disrupted because bitcoin on the crypto market is increasing compared to altcoins. And I really doubt if altcoin can be on top of bitcoin.

[TheFirstCreator]

The biggest problem with the altcoins is scam. It seems to me that the first thing we have to fight is precisely scam

[Alex_He]

There are many cryptocurrencies out there. As technology advances, many cryptocurrencies are coming day by day.altcoin is one of the most expensive coins in the market once upon a time. But as many days are gone cryptocurrency and crypto marketplace are being down day by day. See you really made good points and I think you already mentioned all the problem of altcoin I'm your passage. See one of the most dangerous issues of altcoin is all the scams. This things make the altcoin reputation so low.
Many of the investors already lose their faith in that. So that many of them are already moved their investment on other coins. We suffer most on pump's and dumps groups. This things just broke the backbone of this marketplace. One of the most disgusting matters of altcoin is it totally depends on Bitcoin. So we can say that it's a depended coin. And the interest of the investment is to invest in freedom coins, not any depends on coins. All I want to say that is think twice or thrice before investment anywhere.

[allanr]

undeniably all existing altcoins appear because of the presence of bitcoin. bitcoin is a pioneer of all existing altcoins.

Large movements in market prices are also largely due to the share of bitcoin.

it needs a team - concept - vision mission - purpose - and structure, which is clearly also solid to create altcoins that can beat bitcoin

[JayFKay]

I reckon some alt coins will uncouple from Bitcoin in time.. for example Power Ledger - its only in trials around the globe right now but once this Airbnb of Electricity gets going at scale across multiple continents & adopted into millions of homes and businesses it won't need bitcoin. nice that its up 17% tonight too

[Libtc]

In my opinion the biggest problem of alts is their dependance on BTC and ETH.

[mrRaccoon]

This is a really big problem. I think in the future the dominance of bitcoin will be less. But now alts stay dependent.

[Fitrilalala]

....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.

Yes its true i do also think this is the flaw of cryptocurrency, altcoins is so dependent with bitcoin price, and we dont know how long this going to last. Altcoins should be free from bitcoin so altcoins could live independently and grow independently, i think it would attract more customer that way.

[ryker6688]

I think it all depends on btc. Once btc dies, other coin can not live. But I think the other co-blockchain technology is also very useful!

[tingtingkt]

For me, one of the main problem is you cannot define or a method to confirm the scam and fraud project here. Yes, there's a lot of thread here that help you to see those shady projects but it's not enough specially if you can't understand some meaning of it.

[powerman24]

Bitcoin is the market leader and other coins follow it but not all the coins with the same percentage.
For example Ethereum price was 1/9 price of BTC in January and now is 1/29 , so the market moves
together but there are clear winners and losers.

[Liklopor]

Yes, I agree that the dependence on bitcoin is the main problem of altcoins and when a coin that will surpass bitcoin, it will become a new leader in the cryptocurrency market

[ihaveaquestion]

Most alts only have a slick looking wallet, a good looking website and a whitepaper written in 1 day with default Word formatting. Thats all theyve done with the millions made of dumping on their holders.

They have no idea how to go forward but all you think is, Wow thats a nice wallet, i love my coin/project.

[captaincomet]

Some altcoins are moving complete independently from bitcoin (if they have a strong catalyst), especially lower caps

[andongdanisi]

Bitcoin is the master of this market, so other altcoins must follow its dynamics. This also proves that this market is not big enough now. When the market grows strong enough, I believe that this situation will change.

[Marsyam]

in my opinion, a major problem faced by altcoin is due to more competition. so it would be very likely to be less potential altcoin be knocked out. Now this new type of altcoin remained and unable to stem any more.

[Alenas2018]

....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.

one of the biggest problems on altcoins is the propagating of dump altcoins everyday. as many altcoins showup in the market it creates abnormal fluctuations on prices. the market is actually not big enough to cater all the altcoins and the upcoming altclins soon. which creates a dumpcoin circulating in the market

[HaddenChapman]

....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.

The biggest problem of altcoins arises when the choice is wrong. My coins are Paragon, Stellar and Ripple. These are some excellent coins and I am sure they shall rise very soon.

[Gatsby club]

Altcoins are just a copy of the main coin with some improvements. And consequently they depend very much on the state of their "parent".

[erichall]

The price of all altcoins is tied to bitcoin. This is the fault of the centralized exchanges. While blocking technology is young and unsuitable for creating a decentralized exchange with large trades volumes. When such an exchange is created and people can change the altcoins directly P2P, the situation will change dramatically. From this point forward perspective altcoins will grow regardless of bitcoin