what are the disadvantages of altcoin ?

[benjaminpeters]

in your opoinion what are the disadvantages of altcoin ?

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[dongamk]

Well, altcoins are being developed on various native blockchain like ethereum, neo, stratis, nem etc. As these native blockchain have limitations, altcoins built on top of that appear to have limitations.

The first major reason can be adoption. Numerous of ICO's are being launched and products are being developed, but only few of them contains possibility of adoption in real-time. We have to wait until mainnet launch and within this time it might get competitors with running product, right? However, look at the adoption possibilities of Request Netwrok, WABI etc, as they clear roadmap checkpoint, possibility of adoption is great.

If you have mistakenly sent your altcoins to other address than recipient, your sent altcoins are lost. There is no way to reverse back that transaction.

Volatility of altcoins is the most important factor behind poor adoption of altcoins. People don't want to use them within their real application because of the fear of price uncertainty. Most of the giant companies are silent towards cryptocurrencies and ratio of unawareness from cryptocurrencies is not supposed to be decrease due to this fact. People are not aware of how to use cryptocurrency and hence open themselves to hacker and scammers. The technology is somewhat complex and therefore one needs to be mindful of it before investing.

[Mang Li]

there are too many useles coin or people said shitcoins at this moment
and i think the disadvantages of altcoins is in the quantities of alt without qualities

[Dmcuibap]

Almost disadvantages altcoin is its pump and dum, dont have any liq. Also Almost ICO nowaday is Scam and Fail project, Investors dont trust their NEWcoin. ALT coin like ETH still growing right now, ETH have best ecosystem for decentralized network for our crypto future

[hdclover]

Altcoins are used only as an investment device rather than their own use case. This is the biggest disadvantage of any altcoin unfortunately it is created by users itself. Other than this there is alot of manipulation in the market of altcoins.

[drrekkty]

Most altcoins do not have such a wide infrastructure as bitcoin, which is the main argument against this money in people who do not recognize alternative coins. Many altcoins, even bitcoins are no exception, are accused of illegal transactions. In particular, for conducting secret accounting. For example, Dash and Monero can not be tracked even through the block, so transactions in them can be a threat.

[madushanperis11]

The main disadvantage I see here is that they are developed based on another crypto currency like, ETH, NEO etc so that they inherit the limitation of their parent currencies. The price is also given relative to ETH, NEO, BTC or another, so if that currency goes down, the value of out ALT also goes down.

[bigcash2011]

In my view the main disadvantage is the non stability and high volatility, also if something goes wrong it effects the value drastically, i have seen alts going valueless within matter of days.

[Ch01ce0N3]

I think its a loss if it leads a scam. That is all. Why loss? Because it has been a waste of time. But if it leads to a scam, it's useless.

[Houseman]

Biggest disadvantages of altcions will be there are a lot of altcoins out here which including true one and also fake one. It is necessary for us to do our duty as in do research to know more about the coins that we are going to invest, or else we will losses our investment capital for nothing.

[macchiato]

in your opoinion what are the disadvantages of altcoin ?

1. There are several coins in the crypto world that have little or no value, in short, useless.
2. They are easily influenced by changes in the market and by bigger coins.
3. Some are used in unethical ways, because hey, they are untraceable.

[CrazyJoker]

All investment in the cryptocurrency is a risk. You can win, but you can lose. Especially it was noticed by those who invested their money in bitcoins. But in this currency there were both ups and downs. But in comparison with bitcoins, altcoins are even more unstable. Perhaps the downside is that there is often a hype generated by coin communities. Often, little-known analysts start without evidence to spread information about the rapid growth in the value of one currency, which is actually not the case. Therefore, you need to invest only in the coins that you have researched.

[Zocadas]

The disadvantages of some altcoins in comparison to Bitcoin may be lower acceptance, lower publicity and lower security. It depends on the altcoins as there are many scamcoins and also very established and promisable altcoins with interesting innovative technology and projects behind them.

[CodyAlfaridzi]

Most altcoins are nothing but a means for speculative trading. Besides the huge one like Ethereum and Litecoin, most of them do not have any use at all and no acceptance whatsoever. They may have development, yes, but most of the time that developments are meant to create hype in hope to pump the price.

[CHENIEN]

The disadvantages of altcoins are more on scammers that surrounding on altcoins business transactions, so let us double careful on making altcoin business transactions. Hopefully the cryptocurrency management will find a direct solutions on scammers to avoid destructions on the credibility of cryptocurrency business. Because many people afraid to invest altcoin because of scammers.

[chukaday]

They scale worse than the big boys, and the big caps already have problems. I wonder if these coins will be 1:1 fungible and if many retailers will accept them. Basically my main concern comes around the usage and utility these tokens and coins can provide. If you can't use them, then whats the point?

[boranes]

in your opoinion what are the disadvantages of altcoin ?

Which one?
I would say there are many good altcoins but they are under bitcoin shadow or something is missing. Take a look at stellar for example - fast and reliable but lack of wallets, it could be great altcoin. In my opinion altcoin has to be fast and secure, and it should be accepted in stores as bitcoin is.

[eye-con]

in your opoinion what are the disadvantages of altcoin ?

altcoins is not the same as bitcoin, they all have different purpose, they are not like bitcoin. there's a lot of altcoins that has been launch every single day, and every altcoins have the possibility to drop its price depends on the developers move.

[hot_ads]

Altcoin will fall as BTC prices fall, and the price of BTC will rise as the price of BTC rises.

[Lodipetmalu]

The advantage of alcoin was it make the transactions easier since no more physical need to purchase goods or services. All you need is to have internet to transact with it.