what are the disadvantages of altcoin ?

[kryptqnick]

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.

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.

I suppose you are right about the addresses as well as volatility. However, if you send a letter with some cash to the wrong address, you will probably lose them as well. And does it really happen every time with cryptos? I mean, if you misspell something from the address and there's no address with the code such as you wrote then they disappear? Well, anyway, as for volatility, it is both attracting and shocking people. Generally, people prefer stability, but technically there's no stability, because people keep selling and buying coins, trying to get profit. In this sense, there's also demand for volatility.
As for adoption, I think it is not a disadvantage of cryptocurrencies, but rather is something that they lack temporarily.
I think that the worst thing about altcoins is that there are too many of them, while humanity need a lot fewer than what there already is. This means that the market will inevitably lose funds, since lots of coins just won't make it with time.

[Virman01]

bitcoin loss is the price that can go down drastically after the ICO is over, and many coin-coin scam today

[EthanB]

Almost all of the answers in this thread are reading pretty generically and boring to me. It seems that this topic is rather played out, but to put it simply the amount of useless ICOs and altcoins that exist and continue to be created are giving cryptocurrencies a bad name as whole. The overwhelming majority of these coins are created without any creativity, technology innovation or solutions being offered within their project. Bitcoin has practical uses and solves practical problems. Everything that these altcoins generally stand for is selfish, manipulative, short-sighted and malicious. Obviously they are not all like that, but it is too often that the good altcoin projects are lost in the weeds among those I speak of.

[Azzam Khalif]

in your opoinion what are the disadvantages of altcoin ?

I look to Altcoin more at risk for a uniform decline. it is a long-term survival. so the recovery takes a long time. besides, the recovery will not be the same.

[krishnaverma]

in your opoinion what are the disadvantages of altcoin ?

Following are the disadvantages of alt coins:

1) They are all trying to be the next bitcoin. If some coin has real potential, it will sell on its own name only.

2) Most of the alt coins are based on ETH platform and have done no innovation at all.

[BogdanGFTP]

They are more centralised then bitcoin and they have not got so strong community

[sunnydmd]

in your opoinion what are the disadvantages of altcoin ?

altcoins are too much out there, too much I repeat, and it's too hard to find a diamond in sand beach.
and only one more disadvantage  is they're not been well-known yet.

almost every coins born after bitcoin are advance than bitcoin in some way.

[alexzorgo]

Recently there is a feeling that new coins are being developed and released to the market not for the sake of innovation but only for short-term profits. This monetary rubbish prevents to break through to those projects that have a really useful technological solution to modern problems.

[berezov_petro]

It seems to me that the biggest disadvantage of altcoin is that they are very large and most of them are simply unnecessary to people! Also, I do not like the fact that some currencies are not decentralized, because decentralization is a major plus cryptocurrency!

[1NV3ST0NM3]

Most Altcoins are temporary because they are launched for raising capital for a short term project. When the project is completed the Altcoin disappear. So they are not for long term investment. They are so many Altcoins in the crypto market that it’s tough to find the most profitable and legitimate one. Many of them are scams and failed projects. Altcoins also don’t have high adoption rate. But the biggest disadvantage is that most of them even end up being a scam. But in future after some regulations surely there will be a lot of scrutiny and only the fittest ICO which bring some utility will survive. This will really clean up the whole blockchain market.

[Spiero7]

The most striking problem I can pinpoint here is that of its over dependence of their price  on the up and down movement of Btc price. It always sad to see many of them going down the drain when Btc's price seems to be diving down.

[nahnah]

I think the loss of altcoin is a scam, and the second altcoin takes enough time to grow and develop,
Altcoin prices are also very volatile and unstable,
So vulnerable for investors to lose money,
If not careful in choosing ICO

[HALLASTERA]

I suppose the most popularity altcoins will survive because popularity creating the value.

[boranes]

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.

I wonder how long it took you to came to such great conclusion.

I suppose the most popularity altcoins will survive because popularity creating the value.

They will all survive because of fomo investors who can't sell them right now because they will lose money.

I think the loss of altcoin is a scam, and the second altcoin takes enough time to grow and develop,

That ain't disadvantage.

[Atits]

Exposure to bitcoin specific scam and fraud. black market activity my damage reputation and usefulness. susceptible to high price volatility. potencial to be replaced by superior cryptocurrency. no charge back or redund..

[loaddebitcard]

The key disadvantage of altcoins is the inadequate community. All that guys went here for profit only and they doesn't have any basic knowledge, freaking people out on the forum by their "wise" advice and statements

[rudox]

Some of the disadvantage of altcoin is the inability of the dev to push the altcoin further after ICO. This will frustrate  the investors as their money hangs. Also some of the altcoin will at the end of the day will turn to shit coins.

[cryptokingdom]

The major disadvantage of alternative is being dumped easily. There are some alternative coins I have that worth some reasonable amount but now it has turn to shit coin within a twinkle of an eye.

[boranes]

The major disadvantage of alternative is being dumped easily. There are some alternative coins I have that worth some reasonable amount but now it has turn to shit coin within a twinkle of an eye.

That means you didn't do any research about coins, you blindly bought them, someone dumped them on you and congratulations, you have become proud bagholder.
Not disadvantage in my opinion, rather ignorance.

[sunX3]

Instability.

They're volatile as hell and you never know what's gonna happen. Not to mention you don't know when the crypto bubble is gonna burst.