Peter Brandt: 99% of Altcoins Will Be Forgotten in Five Years

[royalfestus]

The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view.

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[10c]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

[suzanne5223]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

That's so truth cause a lot of new projects which was launch last year and during the crypto market blood bath have quench off the market but the 99.9% mentioned altcoin which is to be forgotten in five years as said by Peter Brandt seems to be too much and there's high possibility for the altcoin not to reach the % he mentioned.

[bbc.reporter]

what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.

We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?

However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.

[mika11]

The article has very true aspects, cryptocurrencies will be an indispensable trend of the future instead of traditional money

[Menawi12]

what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.

We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?

However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.

Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves

[Burogh]

The view mostly come from bitcoin maximalist and altcoins didn't disappoint, altcoin flooded the market with few cases of development. This outcry of 99% failure had gone for few years now and I know the percentage will change as time passes. Although some of those who said it also bought into some altcoins and made some profit; we might need to be smart with making money at every invention in the space irrespective of people's view.

Agree, most altcoins on the market do not have clear products and do not have large liquidity, making it difficult for investors to make transactions in the market. In my opinion liquidity can be an important factor so that altcoin can last a long time and maybe more than 80% of altcoins on the market do not have transactions of more than $ 1 million per day

[posi]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did.

[herfianto]

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

[MikeyVeez]

There are currently over 2,000 altcoins listed on CMC and let's just say there are 1,000 (or less) more that are still unlisted. For example the total doubles or even triples in five years, then that's around 90 surviving altcoins. I think his 99% estimate is too high.

Investors in Litecoin, Ethereum, and Ripple were particularly defensive, but later Brandt clarified that “LTC and ETH have far more going for them” than the rest of altcoins, which he refers to as a “junk pile.”

In short, XRP is one of the many altcoins he refers to as a "junk pile"  Nice!

Thanks to atomic swaps and cryptocurrencies that helps to connect 2 diffrent blockchains together, I believe that more than 100 cryptocurrencies could survive.

[nutriagrigia]

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

as in ordinary business, many campaigns close and new ones replace them. this is a common situation and each of us must be prepared for such events and be very adaptable

[Juggy777]

as much as 99% of all crypto assets will be forgotten in five years time.
https://www.newsbtc.com/2019/09/03/peter-brandt-99-of-altcoins-will-be-forgotten-in-five-years/

I don't think so about this point, many altcoins will be forgotten but many altcoins can appear and replace it. As we know everyday appear new altcoins with new project so i think altcoin will be survive in the future.

as in ordinary business, many campaigns close and new ones replace them. this is a common situation and each of us must be prepared for such events and be very adaptable

This is quite possible as many alt coins have come and gone, and it’s impossible to keep a track of all the alt coins available in the market for a normal investor. The problem with these alt coins is lack of demand, and they’re not easy to sell hence investors are bound to forget them. However I don’t agree with the number 99% as popular alts like Ethereum, Lite Coin will always be brought and sold by the investors.

[hulla]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did.

Hmm. I wonder how you're able to figure that out but you're absolutely right about crypto investors investing most of their fund in Bitcoin next 5years.
 This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.

[prof7bit]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did.

Hmm. I wonder how you're able to figure that out but you're absolutely right about crypto investors investing most of their fund in Bitcoin next 5years.
 This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.

It's too late to invest in Bitcoin, because the real dominance of Bitcoin is almost 80%. I think that this is a very high indicator and today it is better to invest in Altcoins.

[hulla]

To say that almost all of the altocines will be forgotten within five years seems to me to be very optimistic: in reality, they will probably be within five months (and many within five weeks ...).
We only hope that some of those we have invested in will be saved

This is very true, I have seen so many failed IEO and ICO project lately and not even in 2 months.
after considering everything else, I think it should be fine if we are saying 99.99% of altcoins will be forgotten in five years because of this.

99.99 is a strong exaggeration. I think that the number of 80 percent is a truly a good assumption. there are many good projects that the world cryptocurrency will be needed

Exaggeration? With all the credit/merit he earned through his previous work (books,prediction etc) people like Peter Brandt won't joke or exaggerate in this kind of situations.
Mind you, his above statement about 99.9% altcoin been forgotten is totally truth but tricky though because in the next 5years there will be few BTC left before we reach the total 21Million coin to be mined most crypto enthusiasts, investors, miners,traders etc will drift to BTC to accumulate more of it before all the 21Million coins are mine during this moment most altcoin will be slightly forgotten which is what Peter is trying to point and I believe he make the statement in a tricky way just to caught our attentions which he has already did.

Hmm. I wonder how you're able to figure that out but you're absolutely right about crypto investors investing most of their fund in Bitcoin next 5years.
 This caught me off guard and i should have know that people with great knowledge like Peter Brandt can be tricky sometimes.

It's too late to invest in Bitcoin, because the real dominance of Bitcoin is almost 80%. I think that this is a very high indicator and today it is better to invest in Altcoins.

I don't know where you get the impression that it too late to invest in Bitcoin because of the Bitcoin current dominance level cause the last time I checked Bitcoin was $10,244 per coin in the market, it last ATH price was $20,000 and it will claim another new ATH next year which would be between $30,000-$45,000 price range.
Does it still look like it too late to accumulate some Bitcoin?

[Danslip]

It is only speculation, but hard speculation, that's unbelievable for me. It has been a bit exaggeration, 99% means most of the altcoins will be disappointed, it is highly unlikely that it will happen. By and large, l can not imagine crypto without altcoins. Some of the altcoins can disappear. Speculation is the dangerous game and in the zero-sum trading world only sharks take hgue risks for gaining more profit. Twitter crypto experts are the source of the FUD in the crypto world, to be honest, I don't accept these advices seriously form the social media gurus.

[muhhentuhhen]

if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.

It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded.

[ethereumhunter]

if we talk about the next 5 years. I don't think it's 99%, but all crypto including bitcoin. the reason is when bitcoin has reached the total supply, people will think crypto is no longer profitable.

It will be wrong to believe the words of each guy, even if he is a respected and famous person. As we remember, 99% of these prognoses fail, and it is not a fact that almost all altcoins will be forgotten in 5 years or even earlier. There are tokens, which will be working as great as Bitcoin, and maybe, be even more popular with users. I mean Ethereum here, and even NEO, which is going to be upgraded.

That is why we always need to research about what we want to invest, so we don't make a wrong decision. Only the weak altcoin that will disappear from the market, and that will no need longer to see that. I think from the last 2 years ago, and the market makes a selection for the altcoin so only the strong altcoin that will still exist on the market.

In the future, we will have more altcoin that will release, and the market will make another selection, and bitcoin will adjust the price to a new rate. But at that time, bitcoin price will still at the top position on the market.

[bbc.reporter]

what the guys said is logical but need time to be proven. Therefore, it would cause a great debate among those who are holding coins.

We're already witnessing the proof, aren't we? The altcoin market share has gone down by more than 50% during the last two months, from above 50% to less than 25%. Many of the smaller altcoins and tokens are no longer actively traded. Even the established altcoins such as Cardano, Monero and NEO has lost more than half of their value. Still needs proof?

However, to be forgotten? The price and market capitalization is not everything for some of the altcoins. Community and opensource software development is the moving power behind some of them. I might agree if Peter Brandt said 99% of ICOs will be forgotten hehe.

Agree, with the condition that almost all altcoin is utility token that cannot be used yet, maybe 99% of the ICO will be forgotten and may not be traded in the market anymore. Such a possibility could occur because of the slow adoption of cryptocurrency, besides that many ICOs failed to reach the roadmap that they made themselves

It is not only that. ICOs do their development similar to a startup. Where would they be after spending all of their ICO funds? How would they continue the project? Dump their share of the tokens hehehehe.

They have lost the principles of opensource development.

[Mrsparks]

If you are scratching your head, wondering what these altcoins are, then it may not be unfathomable that the current crypto market top ten might all be forgotten in the matter of another five years, just as Brandt says.[/i]

I remeber stating this in a post on this forum lately. Many popular altcoins will disapear from from the crypto space in alarming fashion and we will see newer giants arising.My only question remain if the emerging top 10 will be from The existing market or IEOs being released recently?. The future is gloomy for altcoins at the moment