There has never been a worse time to hold altcoins

[JayTrain]

Now is really a bad time for altcoins, but this is not the end. I don't agree with you, buddy. I still believe in the altcoin season like so many others. I do not believe that altcoins will not grow, cryptocurrencies are too young to draw such conclusions.

I think that the majority also hope that the season of altcoins will come soon, but if not to dream, then my opinion that it will hardly occur, at least because almost all store the coins in purses, and it is necessary to trade to develop cryptocurrency

[berdpen]

Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).

It depends.

There are some fundamental issues with BTC that some coins like NANO has resolved.
Some to mention:

* Transaction Fee
* Electricity consumption
* Transaction Time
* Scalability

you have neither of these issues with NANO.

[Mahanton]

Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).

Well, i do respect your own inputs though and that chart looks really devastating for altcoins but no man on this world would really have the precise prediction on what would
happen to alt market.Yes, you have seen those declining prices but you cant conclude on what would be their fate.We have seen in the past on the same movement where btc is spiking up and alts go down low but there were tendency on shooting up prices for sometime.We might able to say non good things now because of the current situation of the market but it doesnt mean that they would already have no chance of recovery.You cant stop people not to diversify with their portfolio and come to think there would be always a supporter on some projects too.

[NoirSuccubus]

Well, I don’t think of myself as delusional as I believe the altcoin session will come back surely and will come back strong. You just have to wait and witness it by yourself. I am holding my altcoins and will wait for at least the next year.

[MCDev]

Well, I don’t think of myself as delusional as I believe the altcoin session will come back surely and will come back strong. You just have to wait and witness it by yourself. I am holding my altcoins and will wait for at least the next year.

Be careful when holding altcoin. The market is in the process of purification and the altcoin with no value will die. Always keep track of the altcoin you are holding

[pixie85]

I'm a bitcoin maximalist but I still hold some altcoins. I do not believe that altcoins will somehow become better and more popular than Bitcoin but I do believe that a Bitcoin pump is coming and that it is inevitably going to repeat a crazy bull market of 2017. When that happens altcoins will follow it again and go up in value.

Maybe they won't even reach their ATH prices but they will go up enough to allow investors to take satisfying profit.

[pereira4]

Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).

It depends.

There are some fundamental issues with BTC that some coins like NANO has resolved.
Some to mention:

* Transaction Fee
* Electricity consumption
* Transaction Time
* Scalability

you have neither of these issues with NANO.

I know something that has low transaction fees, low transaction time, and scales, it's called fiat. You could argue about electricity consumption, however NANO network is tiny. You are also assuming that NANO is truly decentralized. Until NANO or whatever altcoin you want to offer, hasn't had a multi billion $ marketcap with 0 hacks through a decade, and has been attempted to be subverted via forks, then your coin is pretty much worthless and definitely not a BTC replacement.

[btc-facebook]

can you tell me what tools or techniques you are using, I also want to try it,
because I also want to see between 2015 and 2019, how the chart moves,
I can't make a conclusion from just a few months from 2019.
I still believe that charts never lie, chart conditions in 2019 are not much different from chart conditions in 2015,

[Fundamentals Of]

While I am an avid supporter and fan of Bitcoin, I cannot imagine the whole world of cryptocurrency having only Bitcoin as the sole functioning coin. There are so many altcoins out there, that is a fact and a sad one because many of them are mere shitcoins. But I cannot just discount the existing altcoins that have contributed a lot to the growth and utility of cryptocurrency. Ethereum, for example, cannot be categorized with the rest. I will continue to have Bitcoin in my portfolio but I don't think it will be there alone and lonely. 

[Red-Apple]

you are wrong
it has always been a bad time to hold altcoins and at the same time it has always been a good time to pump and dump altcoins which makes them good for day traders who are willing to gamble a little.
that is the origin of the term "bag holder". it has never been a good idea to bag hold any of the altcoins even if you think their value is higher than when you bought them!
a quick look at the past year shows all altcoins without exception have lost at least 80% of their value and in most cases it is higher than 95% and is still growing.

[Insomnia family]

investing in bitcoin is a good decision to secure your money there, but I don't think the altcoin market is dead. in fact I am more and more convinced that altcoin will pump back but what I mean is the top altcoin in the market. I don't mind holding some altcoin bags because I'm sure they still have hope of rising again.

[Nezerlan]

Even the best performing alts in the top ten are not doing well. It is really a bad year for holding alts. I have watched painfully as my portfolio dipped from $3200 down to less than $800 all thanks to holding. Would have dumped if at halfway if I knew things would get so bad.

[royalfestus]

There are lots of inside information that we aint open to about the whole space and price movement. I believe altcoins are also in the best interest of bitcoin. I really want to see a large number of the altcoins die and there teams. I want the scam team be brutally prosecuted and put scare to intending scammers. The sad thing is that most of these scammers have dwelling close to the SEC. The system handling the sanity of the space are humanitarian not from Iraq or Russia, they would have done so much. They have made people so broke and scared

[GREENch]

The graph looks depressing, but in addition to the picture reinforces your position on altcoins, I have not heard reasoned arguments in favor of the fact that it is necessary to get rid of them right now.

I offered you the only sane argument I can think off: Whales which are still stuck within the 2017 crash holding huge amounts of altcoin bags, planning to do the last exist scam within the next Bitcoin rally. As noobs look at "coinmarketcap" while Bitcoin is on mainstream news when it's about to hit ATH as usual, those whales may attempt to confuse the noob by luring them into buying some of those pumping shitcoins, only to dump on them bigly. This may be the last time for bagholders to leave the crazy train formerly known as "cryptocurrency diversification".

Other than this theoretical exit scam pump, I can't think of fundamentals strong enough for altcoins to maintain any sort of positive traction long end, and this includes Ethereum, Litecoin, Monero and the usual suspects. The ball is on your court to argument why should anyone bother having serious long term hold positions on any of that.

The arguments are certainly reasonable, but the situation may go according to another scenario. My point of view partially coincides with yours, but I would not be so categorical in my judgments. Only the time will show how the situation will develop.

[Tylev]

What matters to you most Op, price or technology? I am way more interested in useful features that works on decentralized project. If a good cryptocurrency goes to zero but still serves a useful purpose then I won't worry much about the price.
Any coin that offers something great in the future will do great. We are becoming too focused on price instead of merit

This is indeed the correct reasoning. Many altcoins have working projects. The price of these altcoins now is a reflection of the current state of the market, where Bitcoin has a price dominance. Therefore, the market itself is a bit curved due to such a dominance of bitcoin. Altcoins will certainly grow in price. I do not agree with the conclusion that our tokens will never rise again. Everything has its time. Bitcoin's price dominance will inevitably fall over time, because in the end, functionality will be appreciated.

[cytpoway121]

This is the obvious truth; I am not a believer of waiting for tomorrow
I make my decisions based on today and leave out little % for the unknown regarding altcoins

[betty11]

This is partly true, not all altcoins will end in the dustbin of history or exit scam. Some have real life application, but I can't gurantee how well the price will grow in the future. Some altcoins like CET and Miracle Tele have dealt a big blow and took me to point zero, even FX pay. Bitcoin remains the best.

[TheICE007]

You are very correct, altcoins have just kept going down and down, seem everything is fading away due to bitcoin dominance  but all we have to do is watch and wait a little longer, at the end of the tunnel might be a green light.

[Woodie]

-snip-

From this alone you can tell that altcoins have lost their way and there is no coming back because for a long time we have always known that when bitcoin goes up, altcoins go up but that's not happening they nolonger ride the wave of bitcoin when it's bullish and the graph is the evidence.

[fortunecrypto]

Stop deluding yourselves, the altcoin market is not coming back, and if it does come back, you better dump whatever you have left because there are no chances of it pumping ever again beyond an exit scam. Smart money has learned to stop pumping shitcoins. Altcoin continue to sink against BTC. Dollar valuations don't matter because altcoins have no liquidity outside of BTC, so with BTC pairs going down you are going to lose purchasing power during the process. And still, they eventually keep going down against assorted fiats too.

Bottomline is, you are holding a massive hot potatoes bag by having a diversified "crypto portfolio" in altcoins. Sure there will always be the odd ones that pump, but that's worse than going to the casino. You might as well trade regulated penny stocks if you want to bet on low caps going to the moon, where there are less chances of getting screwed over by massive scammers. At least you surely lower exchange rate risk (and most of those shitcoins are listed in shady exchanges).

I believe it you have a graph and data to back it up and I'm also experiencing it that, I never thought that it's going to happen, so many projects are being launched without a return of positive feedback, there are so many project reports in the scam section, this is really not the best time to invest in a new coins or altcoins with no usage.