Crypto Bubbles: Why Traders Believe Altcoins Are Overpriced

[Vladdirescu87]

The cryptocurrency community is no stranger to accusations of crypto being a bubble. As far back as 2014, media pundits were referring to the bursting of the Bitcoin (BTC) bubble, with a Financial Times article from September of that year even containing the ill-fated prediction, "We’re going to stick our neck out at this stage and call this the end of Bitcoin."

Well, Bitcoin certainly didn't end in 2014, but this hasn't stopped other experts and commentators from throwing the word “bubble” around with gleeful abandon in the half-decade since the cryptocurrency's prematurely reported demise. However, while certain mainstream observers simply regard the entire cryptocurrency market as one giant balloon, other individuals have been offering more nuanced claims recently, assertions that revolve around a distinction between Bitcoin and the vast majority of altcoins.

https://cointelegraph.com/news/crypto-bubbles-why-traders-believe-altcoins-are-overpriced

[tippytoes]

Because a lot of altcoins has no reasons to exist. Let us admit the fact that more than half of the altcoins are for the benefit of their respective developers. Very few are offering real use case in the industry and have working applications. In my opinion, with those poor quality projects, they are giving the general notion that altcoins are overpriced because they have no basis of its worth in the market. Most of them are mere driven by fud, pump and dump and manipulation of very few traders.

[sandra_x]

Much of the altcoins have value that are driven by hype and partnerships ,not really because of the actual use-case or value, eventually, the true value of those coins are reveal after the hype must have died down-often times close to zero. Simply creating a coin to be used as a means of payment doesn't for example cut it for me.