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

[letyouearn]

All this situation with altcoins reminds me dotcoms boom. Hundreds of new companies, connected to Internet somehow appeared... And most of them coudn't withstand the extinction when the bubble popped... But some of them clearly did it and grew into something really big

[confreslamp]

I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them.

[lixer]

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

So projects are indirectly just using the industry as a money making machine to generate money and then go away, and what assurance do we even have that those project that has failed are not still the ones that are coming back again to raise money the second time.

If we needed to control these things, old project are the ones we are meant to even pay attention to so that any old dead project would not think of coming the second time through another name to generate fund all over gain which I think that it is the highest form of scam I would ever see. Most of these altcoins are just having repetition of products and that is why they are failing, no wonder Barndt said they would not extend more that the time they have spent now.

[lolak2]

Not all altcoins, only altcoin that exist for trading only will die, i do not like that altcoin without real value even if we can make a profit from holding it, altcoins like this should be die

[PuertoLibre]

I agree with Peter, because if you look at the market during 2014 only several coins from top 50 have survived and some of them have lost all their value. Only strongest crypto currencies would stay alive and I hope ETH would be one of them.

Some top coins in 2015 now lost the big value and they get deleted from the total marketcap after the dead cat price actions. The new altcoins have the same risk if they don't give the proper reasons for investors in order to get more involvement money in the development. ETH will not be delisted and there is no intention to target the top 3 coins in this comparison.

I am sure only 20 or maybe 30 projects that I remember as a good investment but there are more than 2500 altcoins in the cryptocurrency industry. In the meanwhile, the last bear market was not only dangerous for the current crypto investors, but the teams also started to confuse the reason why the market behaves like a teenager. Legit projects have no such embarrassment for general comprehension.

[GrosWesh]

Peter Brandt is probably right but does not have much merit to imagine that. This is very likely and almost desirable, given the delirious number of cryptos that exist.

How many serious projects among them ?

[Nasonn]

Well given what is obtainable currently in the altcoin market, its wise to say that most Altcoins won't survive the coming year 2020 let alone surving for the next 5 years. Some Altcoins weren't supposed to be created but they were and such will die off first.

[Genkotsu]

i agree about this statement, especially for every new project are launch crowdfund and offering shit project, no need to wait in long time.
after the project end and listing their in market maybe in 1 year later nothing any news about the project and coin/token they offered will become a trash in the market

[Viceroy]

Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth  won’t go quickly. 10 years at least

[senin]

I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time.

[JCviggen]

Thanks for sharing, that was thought-provoking. For some inexplicable reason I reckon that Eth  won’t go quickly. 10 years at least

I think that 10 years is not a minimum and this is the exact term for the disappearance of 90 percent of altcoins, but we still have a lot of time to make money on new projects

[Oceat]

I strongly disagree with this opinion. Altcoins are very diverse and their practical orientation is very different. Many of them have a useful necessary product, which can manifest itself after a long time, when the necessary conditions arise for this. And these conditions are sure to come. Now Bitcoin really crushes them in terms of price. Everything has its time.

I think so but in terms of divide investors, I believe some of these altcoins will be good as dead since they were lacking supports and investors. Some of those loyal bagholders will remain to hold a bag of their favorite altcoins while some may lost hope to hold it and eventually gonna dump it.

[ven7net]

Thanks for the interesting opinion from Peter Brandt. I agree that the altcoin market is now sinking and many are waiting for another flight to the moon. However, with regard to the fact that 99% of altcoins can be forgotten after 5 years, this is the logic. Since the crypto market itself is developing, and with its development new projects, new cryptocurrencies appear, it can be assumed that some of them are a test to create something useful and necessary, which means there are chances for new more promising altcoins to appear. Everything will depend on which of the altcoins will become more needed and demanded by the community, then it will definitely exist and will continue to exist.

[disconnectme]

I don't think we will need to wait for 5 years, there was a research this week that over 600 projects this year have no update of their Github. Most of these projects are dead but thanks to some of these exchanges playing with them they still have decent trading volume.

[akirasendo17]

this might be true, or not but as I can see in the market, ripple bitcoin chainlink for instance is being uae now, and ethereum, for that to be 99 percent is way obsurd , I think its probably 50 percent or 25percent, we are not actually sure to speculate because thats what people say on bitxoin ethereum ripple, that its not gonna see tje future but look at it now the price reaches its all time high and people are getting its part of the coin holding it how xan it vanish if the people are patronising it, maybe by 5years it the new currency we are using or maybe not we dont know whats hold the future lets see

[aemma]

In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.

[SolarWindMiningCompany]

In as much as I agree that most altcoins will be forgotten in the near future, but I think 99% is far too much maybe 95% can be justified. When one looks at the type of altcoins coming up everyday, we can only but wonder where we are heading to, as it's clear the team is out to fill their pockets. To make it worst, the ones already existing are dropping badly in value with just a little few still holding up, and these ones holding up are the ones I think holds a tangible position in the future. In all doings let's apply caution and be careful of our holdings.

99 per cent might be too much but I subscribe to his submission. As bitcoin dominance continues to grow, money will keep leaving altcoins and developers will run out of funds sooner or later to continue development and in worse situations, if they have funds in cryptos like Ethereum which is very volatile, they may be burnt quicker. The challenge is to discover those few altcoins that will survive the purge and invest heavily in them

[plast555]

I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon?

Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.

Some altcoins may disappear but I don't think it would be as big as 99%.

[jarhed]

I disagree with this idea. Are there no other coffee houses because Starbucks is there? Do people just eat from Burger King? Are people just buying from the Amazon?

Preferences, features, geographic conditions, and many can change these options. As a result, we live in a free-market economy. Each coin has its own characteristics. Diversity always means better competition, and we live in a period of tough competition.

Some altcoins may disappear but I don't think it would be as big as 99%.

cryptocurrency does not need to rush, after 5 years 30% of the entire world population will use this asset. I use Cryptocurrency for posting calculations every day and it is very convenient.

[qiman]

I think that altcoins are here to stay, but will we ever see the heights that many experienced and benefited from in early 2018? I very much doubt it. I do believe though that some project will slowly develop over time and as tokenized projects, they may bring some holders, some good long term returns, but apart from being involved in pump and dump scenarios, yes I believe many will lose holding coins and tokens that will eventually die off or not be worth anything in the next 5-10 years or so.