The biggest problem of altcoins

[Wicked Sick]

....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.

That is not really much of a problem when you see that bitcoin is still holding up quite well and the altcoins seem to not be doing very well, there is a lot more that can be done for the coins by their investors. The thing is bitcoin is what they get their value from and if there wasn't bitcoin to give value to the coin then the prices would be totally irrational

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[akunta]

....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 was wondering lately, can't such coins as eth or ada stay away from btc influence? and by the way, what holds it from being independent? i think i don't understand something

[okaypool]

I believe that the biggest problem with altcoins is that many of them do not have a working product. That is, there is no reason for the price increase.

[daenarys_stormborn]

Yes, I agree with you, the main problem of Crypto is pump and dump, but behind this, the main attraction of Crypto is pump and dump, because people flocked to try and take advantage of Crypto through the pump and dump.

[AdamSv]

I believe that the biggest problem with altcoins is that many of them do not have a working product. That is, there is no reason for the price increase.

Yes, that's it, no product work no and altcoins growth stand still and where is their development?I used to believe in him and now I have doubts.

[zedaq]

I also want to join what was said about the problems of altcoins, but I would also like to add a problem that the community is very tired of today, this is a problem in finding and destroying scam projects, I think it will be a very productive idea.

[defoman]

The market cannot exist without laws and regulations. The cryptocurrency market is no exception, and bitcoin is its gold. Therefore, to change these rules, it is necessary to offer something very cool that will shift bitcoin from the first position. But on the other hand, cryptocurrencies are not only money, they are projects that seek to make our lives better.

[lorylore]

The uncertainty and the unstable of the market of altcoins make the players hard to survive. The market also will hardly to attract people to invest due to the rise and fall of price in high speed.

[icohunter1024]

Bitcoin has too many advantages to be a reference device in the crypto world, and all profits made by Altcoin are attributed to bitcoin, which is one of the reasons Altcoin is still heavily dependent on bitcoin pricing.

[Iceblast]

maybe altcoin is dependent on bitcoin, I think it's a right moment, now bitcoin is one of the most influential examples of coins. but I'm still optimistic even though this year bitcoin doesn't reach $ 30k but I think it still has the potential and can affect the altcoin to reach the maximum price.

[Tylev]

Yes, the price dependence of crypto currency from bitcoin is a very big problem. This problem can not be permanent, since it is completely abnormal. I think that the market itself will soon find a way out of this situation. One possible option is to reduce the level of bitcoin capitalization. Apparently this will happen in the future.

[maksimukr1989]

We'll see what else happens.There is a lot of competition between cryptocurrencies now.We can see how recently Ripple bypassed Ethereum for 1 day on capitalization.I think that Stellar should become a leader!In plans I have to purchase these coins.

[ostsee77]

the biggest problem is that you don't need many altcoins in real life. many are just because the devs get money. there are many projects that don't need people. there are really only a few altcoins that will make a difference later. but we won't see many altcoins again in a year or two because they are dead.

[antolinicio1]

In my opinion the biggest problem of altcoins is their instability. It concerns all to cryptocurrencies, including BTC, but altcoins are very unstable investments. But investments into altcoins have huge potential if to choose good coins for investments.

[Eric]

Yes things are like that for now .Bitcoin is the king and btc rule the altcoins and market sentiments for now but i think it will be change in the future. Firstly we need some adoption to some of altcoins. and after that alt coins will strong also like bitcoin.

[natumanya]

I believe that the biggest problem with altcoins is that many of them do not have a working product. That is, there is no reason for the price increase.

I think that the biggest problem is when developing team finish to make the product better and forget about making advertasing of their coin!

[kerzhake]

the whole market depends on bitcoin and it seems to me that this will never change because it is the most global and the first crypto currency that will always set the direction vector in this market

[Usafstar]

The main problem in altcoin is the connection of this with bitcoin when bitcoin price fall it automatically fall after the market crash so people who hold different coins in the basket they are in fear and they are in panic because they have not seen any potential in any coin when the market fall and here the big problem is the identification of good coins for now because many clean scams come and they manipulate the market but over all some good altcoins are very popular for it's use in many countries for payments.

[Blackwhite69]

I believe that the biggest problem with altcoins is that many of them do not have a working product. That is, there is no reason for the price increase.

It became one of the things that happened until now because they did not make further developments about projects that would make a big difference for them.

[BZingerB]

As for me, this is a loss of investor confidence in an alternative currency. It is always a big risk. If investors lose confidence in the coin. That cryptocurrency can completely lose its value.