Cryptos are overvalued: This market is correcting that!

[jamesashmore1964]

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

[batang_bitcoin]

Many ALTs are worthless but have million dollar and billion dollar market caps!

You know what they have value? there's no one who's willing to buy those tokens so their value has been stuck with the holders.

You would have to be insane to invest in some of them but people have!

Only choose those tokens that are worth to invest and don't just go with the hype of investing.

Maybe the market will correct to this fact of life!

It has been correcting lately.

[sponge_bob13]

Yes, you are right there are some over valued coins. For this we need to choose the alts carefully.Else we may incur heavy loss.

[Veks_King]

That's not to say those alts won't have value in a few years time.

Early days. The biggest gains are made by early investors. If you believe in a project then stand by it.

[Docbee]

Yes, it was overrated from last bull run, maybe that is the reason correction has taken long time to end hopeful it will end, this is my second year in crypto, i haven't seen correction so long like this from my experience.

[AnnaGeraMsk]

the market grew because there was a HYIP, I personally believe that everything moves according to the rules of trade, and if this is so, then let it move

[efodix]

The market is very volatile and at the developing stage, so the correction is an obvious thing, and due to its volatility it is a sensitive thing for most of the investors, but it does not mean overvaluing.

[HumberGuns]

I think we need a strong cryptocurrency regulation at this time!
too many scams, too many worthless coins. crazy investors!
people continue to buy shit coins without knowing nothing about them... this market is becoming insane...

[qazgroup]

Do remember that this downtrend has not only targetted the over hyped and valued coins only it has killed all of them even the highest quality projects and coins, just look at the king and queen i mean btc and eth they have been crushed as well, but personally i see a big swing and reversal soon.

[Thanasis]

Many ALTs are worthless but have million dollar and billion dollar market caps!
You would have to be insane to invest in some of them but people have!
Maybe the market will correct to this fact of life!

Every product in the world gaining value by the demand and supply of it so we never know how much the altcoins are bitcoin alues because it will change too often then the demand changes.But the growth maybe just hyped by some factors so now it is correcting itself and will gain the actual growth in the coming days.

[cryptotezi]

In my point of view, you are right. Now a days, cryptos are overvalued. Even in some cases they are undervalued as well. I believe that crypto industry is still in the developing mood. It will take time to be stable at their reasonable price. Thus the market would be corrected.

[Monetniy]

Percent of 90 coins from the common market is useless, though have high capitalization. And all why? Yes because owners of these projects invest huge money in the coins to show to users prospects of projects and what money in them is poured. But sooner or later such projects are eliminated because of the uselessness.

[earnestoshodi]

True but many of those coins are still being developed. Price correction is expected after every astronomical growth

[kevoh]

Many ALTs are worthless but have million dollar and billion dollar market caps!

You know what they have value? there's no one who's willing to buy those tokens so their value has been stuck with the holders.

Exactly! The bag hodlers keep hodling with the hope that the price of the coin/token they bought at ICO skyrockets. Unfortunately, what they bought and are keenly holding is the hope in price surge not a coin/token that actually has good features to offer.

[Encelad]

Most cryptocurrencies do not withstand competition. In the future they will cease to exist. I think that there will be a little more than a hundred cryptocurrency. It will be very good for the industry.

[samuelsmith]

This is possible since the price fluctuates a lot in the world of crypto currencies. but this should not be something we need to worry much about it. If we know what we are doing, then it will not hamper our investments since it’s the demand that matters

[cryptocanley]

This could be possible but in the market of crypto currency the price is set on the basis of the demand of the coins in the market. But I cannot say anything about the altcoins as there are both new and old coins together with good and scam coins. I will be in favor of the bitcoin as I have belief on this. I think bitcoin is not overvalued.

[JunMel]

Yes, you are right there are some over valued coins. For this we need to choose the alts carefully.Else we may incur heavy loss.

Well its good that crypto  overhauled the system so that it easy for the user and investor. Better if they will have system that will automatically block scam crypto  or the dummy one.

[Argoo]

What is now happening on the market can hardly be called a simple price correction. Correction of prices, it is ultimately the same ratio of supply and demand. And these concepts can be manipulated, which, apparently, is happening now. If we consider the crypto currency from the point of view of its possible revaluation, then we can say that bitcoin is overrated above all. But cheap coins and tokens continue to fall in price.

[pauline_78]

This overpriced alts has no grpwth and they are stucked to a point. Don't invest in such coins. Rather choose the coins which has growth and seems to be promising.