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

[cudora]

No wonder, because almost no crypto is backed by a working solution that can compete with centralised services. Once we would have such projects, we would talk about the mass adoption of plenty of currencies but as of now, this guy is right.

[dearbesz1219]

It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.

[Argoo]

It must be true, think about altcoins we have. Think about how many altcoins we had in the past. Do you remember all of it? Many of them now do not exist because they have been replaced by better and more innovative ones and this will be repeated over and over.

Many altcoins were created for a certain type of business and if this business is still working, and even more so developing, then the token will exist for a very long time. Even if there is a need to replace an outdated token, then they will simply send new tokens to the wallets of the holders of the old tokens.
I do not think that in five years almost all current tokens will disappear. Of course, this process will constantly occur, but the figure of 99 percent is too high.

[sabine80]

i can also well imagine that 99% of all altcoins will die. after all, there are now so many coins and if 1% survive, this will certainly still enough for an altcoin market.
in my opinion, after the death of the 99%, a new and hopefully healthy altcoin market develops.

[RDNX]

This opinion is not necessarily wrong. I have plenty of evidence to support that opinion.
For example, it's MUSICOIN. I invested a lot in MUSICOIN. In fact, the altcoin is now delisted from Bittrex and no longer appears on the Coinmarketcap website.

[Patrix_1]

This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day.

[Wysi]

This is a very interesting point of view, because if I look back, it is clear that so many coins that were in top 100 are simply gone. It is the survival of the fittest and I hope that altcoins will finally defeat BTC one day.

Altcoins cannot defeat bitcoin as they need bitcoin in order to survive and if you research on last two bear market where altcoins had a bloodbath both were due to the fact that the value of bitcoin declined and rather I feel we will see end of almost 30% altcoins which are currently listed in coinmarketcap leaving only the valuable assets behind.

[AGroose]

I noticed that the top 10, top 20 coins are practically unchanged. But the rest jump quite a bit from place to place by capitalization. This means that they are more traded than used. It is what is called the bubble. The new bubble will be called the altcoin bubble

[xiboothrezi]

he is generalizing things a lot but they are a lot more specific than that so the range goes from days to years.

for example there are a lot of shitcoins that didn't even last more than a day before dying and being forgotten. some others like ICO scams lasted a couple of months before dying and in some rare cases the shitcoin is too big to die that fast so they can last for more than even 5 years (examples are XRP, ETH and BCH).

but no matter in which group they are, their behavior is exactly the same only on different scales: they get pumped, then dumped and then die.

Indeed too generalized. In fact, there are still some strong potential altcoins with a very good market capacity because the development team is consistent and focused on developing its products. I agree with the topic for shitcoin that is made without a strong strategy and niche, especially those who only follow the trend, it will not last long. But for strong altcoins like ETH and XRP there are other levels.

[EvgeniyLEV]

I constantly study altcoins and there really are a lot of them. I believe that over time, only those altcoins that have significant technology will remain and they will be in demand. Most of the altcoins will leave the cryptocurrency market. I believe that significant altcoins are blockchain protocols and payment crypto wallets and ecosystems.

[masterrex]

It might be happening soon and not in 5 years time, since we can see it already today most altcoins is slowly fading, most altcoin price was keep falling day by day has anyone notice it recently it might be the sign that altcoin market was on the brink of collapsing who knows it might be tomorrow or next year. 

[pamsugas]

I keep following tweet from Peter Bandt he is one of the most reliable bitcoin analyzers. several times he is always right predictions, the possibility of what he said in the next 5 years altcoin will be forgotten. but for the top 10 altcoin or alt who have a community that is still with bitcoin.

[totoy4741]

I would have to agree with him. Most of the alts that are in the market right now are almost dead and the teams/developers are not even trying to do any possible thing to revive them. There are some that still operate but don't have enough community support so they still stay out of the radar. Only those coins have made names for themselves and keep thriving are the ones going to survive along with Bitcoin.

[fullhdpixel]

You guys are missing the point of 99%, he is not talking about the top 10 or even top 20 while saying 99%, right now there is an estimate of around 3000 altcoins, that means %1 of it is 30 coins, so the top 30 is not the ones we talk about.

Surely there will be coins that people and communities try to survive and make a name even after 5 years but lets be honest with each other, any coin that is not in top 30 right now, will be long gone in 5 years, only few will survive and all the ones that are not dead will be basically in life support by the tiny community behind it. Only the strong survives here. I am not saying they will all be gone, but they will not be making any difference at all and they will be on their way to be irrelevant and useless by that time.