A million altcoins

[meliodas]

In this world of cryptocurrency where majority is decentralized, it is very easy for different developers or to the people who can program that they can create their own cryptocurrency or copy someone's work and just tweak a few little things to come up on what they called their own creation. There is a lot of altcoins and it really clutter the market because most of them are useless and just created for the money. I hope that in the next few years, developers will create on somehow useful and original and not like these types of altcoins that are just made for the sake of money.

[Alluro]

There are a lot of altcoins. But we hard to find good altcoins to invest. My personal opinion is you can trade altcoins. But you have to focus on top coins in the coinmarketcap. Because those coins have good volume and listed on top exchanges. The next thing is you have to take the profit at the correct time.

[xiboothrezi]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.
snip--

This mindset is also what most people used to do when bitcoin first appeared. Many people underestimate, but who would have thought bitcoin becomes very valuable at this time. So, don't underestimate, don't the top-ranked altcoins have cheap prices first?
All have time, therefore there is an analysis with the help of indicators on charts, news and rumours that come alive. If indeed at any given moment there is a good chance of altcoin, then take advantage, if not then choose a safe way, for example choosing stable coins for a while, or bitcoin if there is a good opportunity too. This decision all depends on whether for the short or long term.

[zeze18]

Although i agree that Altcoin market is already crowded but still there are lot of commodities out there that needs help to be discovered and to be develop in which using Altcoin is the one way to make these things to become possible so for me Altcoins is very much needed and it will depend to investors on how they will dispose wisely their resources for their future investments

Yes altcoin is already too many, but people are also more that the alts itself.
Many project with a good potential die because of not funded enough, this is happened because many investors are afraid to invest in cryptocurrency because many scams last 2 years

[EdvinZ]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

It is unclear how you managed to determine the exact objective price of altcoins. The market shows the most objective picture every moment of time. On the contrary, I see that there is progress in the development of cryptocurrencies. And the fact that most of them are subjected to various attacks, well, it's a test of strength, an occasion to improve technology. In Bitcoin, too, not everything is so perfect. I think if Ethereum or any other coin came first, you'd be singing the praises of It. Good top altcoins definitely have a future. Programming is a hard job, not so easy, but developers are improving their products.

[Ayers]

With the current situation, BTC alone won't be able to handle all transactions though. Honestly, I probably use more ETH & EOS in a month than BTC. However, this situation will change dramatically if the lightning network can really work.

I think I heard something about the new Electrum release that would support LN. Definitely a game-changer if it's not buggy.

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

[NathanJB]

With the current situation, BTC alone won't be able to handle all transactions though. Honestly, I probably use more ETH & EOS in a month than BTC. However, this situation will change dramatically if the lightning network can really work.

I think I heard something about the new Electrum release that would support LN. Definitely a game-changer if it's not buggy.

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

It is not about stability. If you prefer stability over everything else, then you better stick to fiat and their stablecoin representatives here which are basically not cryptocurrencies at all. I prefer cryptocurrencies that are offering low fees, faster transactions, and widely acceptable. That could be solely Bitcoin in the future but for now it has to be shared among other altcoins such as ETH, LTC, EOS, XRP, DGB, etc.

[Herbert2020]

you are confusing a couple of things with each other. being a shitcoin and being profitable don't exactly relate to each other even though they should.

i have the same exact views as you. i have not seen any decent project for ages. all of them are either copying each other or re-doing the same thing as before without any innovations. that is only if they aren't creating a useless token!

but that has nothing to do with people buying them and making profit! i also believe that your 90% drop expectation is logically reasonable but realistically impossible because they have already dumped that much and even though they are still over priced but the market pumpers don't care about that. they have gotten their money out and would want to pump them again to make more money. so we can easily see pumps in these shitcoins even in their over-priced state. which is exactly what has been happening over the past  2 years ever since the 2017 altcoin pumps ceased. they have been choosing dumped altcoins and pumping them every now and then.

[mu_enrico]

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

AFAIK, most payment processors (and casinos) now accept BTC, ETH, BCH, etc. compared to BTC, they (altcoins) offer cheaper and faster transaction fees. It's undoubtedly not suitable for store of value, but can be beneficial for purchasing various goods and services over the internet (medium of exchange).

[Samayuki]

I seriously doubt there is a decent altcoin. Any reason that someone will provide in order to follow and buy into a project, is looking like advertisement that has no foundation.
I can't find anything solid that makes me want to follow an altcoin. Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Bitcoin is 10 years old and there is actually nothing better happened all this time. Everything else looks like a cash-grab, full of fake news and hopes, full of invalid information about the tech, about decentralization and safety. Almost every blockchain has already been 50% attacked, Ethereum rolled-back it's own chain, Litecoin has no reason to exist, Monero perhaps had a reason but still so many problems with privacy, XRP, Stellar i can't find the reason people are still buying them. Some shitcoins had a chance to become something with all that influx of money in 2017, but devs thought it was better to re-invest all that money into private mansions and lambos instead of research and development. How do you think tech giants became the empires they are today? They allocated all profits into creating something better every year. Microsoft for example didn't pay a single dollar in dividents for the first 15 or 20 years of it's existence. All the profits were allocated in RnD. Which altcoin did the same? They all rushed to offload their billion coins and dump them on investors faces while talking about moon and taking over the economy. Such nonsense.
To conclude, I see every altcoin as overpriced by at least 10x right now and shorting all of them where it is possible into any pair available, BTC or USD.
I see all altcoins dumping 90% more at least and perhaps then we will find out who was milking them for profits in 2019 and who was actually working and has a decent product with a future.

Glad you finished your post with 'perhaps then we will find out who was milking them for profits in 2019', i belief that nonsense altcoins won't survive this year and i prefer a company that have been in existence for years back and have based token as means of payment, they will hardly die or fail

[Kvalentine]

Now we are heading for the moment of truth in crypto space, its no new thing that many bad coins and tokens will die but in return we will start seeing new coins that have something good to offer in the end, i am so supportive of this current market condition, the moment of truth is here

[Wysi]

For the unprofitable altcoin, yes, they will not survive in the bear market. That altcoin will disappear as soon as the market reset so that the useless coins will delist from all exchanges. But many other altcoins can survive because the project still running and still update to reach every phase they have. If you check on the marketcap, we have a 2415 coin list currently, but only 2054 is still struggling in the bear market. Perhaps, in the next bull market will give them a chance for them to rise again, so we know which coin will have a better position.

We will see more altcoins going out of league as they scummed to the bearish market and it's sad to see some of the altcoins which has a really good potential with a great team is also struggling with the bearish market even though they have a real good product for betterment of our future, I think we will be able to know the truth in bull run as we cannot judge any altcoins during bearish market alone.

[shaheer001]

The crypto trading and altcoin investment is riskier than anything else so you be prepared for all situation and i agree with you after 2017 crypto market is still in bearish season and may remain for a long time as the G-20countries are not serious at the moment to regularize the crypto market(this is my own opinion).

[Mighty_crypt]

Altcoin can no longer be trusted as a future token like 2017, now many altcoins are dead and many are left by investors in the long term altcoin will die quickly but there are also many new altcoins with new ideas, and indeed when tokens are discarded the token cannot rise again.

There were some altcoins that we can still trust just like Ethereum and some legit coins, but the benefit of it is not like the Bitcoin who can make you rich in just months or few years, altcoins price most of the time after their launching are going downtrend, so we cannot really rely on altcoins nowadays, let's just invest in short period if we really want to.

Thought bitcoin dominance is whats affecting altcoin not following in btc footsteps? anyways we will see what 2020 will offer, at that point in time i will be able to make my decision then, i believe that few altcoins will survive mostly because people might start making them the next best bet but in time we will see

[poptok1]

You have a good point if view mate, you have some points though. Like many people said this industry is still young and its too early to judge. Lets give these project some time but not a decade, if the same old S*** happen then we can coursing them to death if we wanted too, but as of now consider them they’re still on experimental phase.

Everything about our recent civilization is an experiment. One giant try and error and there is nothing particularly wrong with that.
I guess we already have the right to demand, at least some, additional effects from all those altcoins. If all they do is coping from the original idea, then I see no point in supporting this. We all have a good diagnosis here and yet nobody is able to propose sensible solution, cuz there is no good way out. Information is the key, people need to know, need to learn on how to recognise the naked king, that 99% of altcoins are. No way to enforce this without harming bitcoin itself, only spreading the word what's left.

[kogozer714]

if the old one is still functioning properly and produces why you have to gamble for new altcoin. if you really want to invest in altcoin, you have to search carefully if you are lucky you will find diamonds in a garbage heap.

[Obito]

Between 30,000 cryptocurrencies I don't see something that will surprise and evolve into a major player.

Taking this way too far isn't bad but who would have thought that such a certain altcoin would evolve from this to such a greater extent. Investors left from their conclusion because it isn't worthty of their time believing it would hit their expectations soon. What I mean to say is that, as soon as they foresee such coin that wasn't good they'll be leaving it as it is. As it passes as well to the other investors making the coin's situation much worser than it hasn't been yet already.

Bitcoin is 10 years old and there is actually nothing better happened all this time.

Take me back in year 2017 specially in December when bitcoin market goes sky-rocketted as it made investors a millionaires on their own. And in addition, bitcoin still dominates the market that's why altcoin got dumped way too early.

[Ayers]

but altcoin are not that good for paying for something out of this forum, unless you use the biggest altcoin that are very STABLE, it's a matter of stability in price not so much of how many transaction there are, many shitcoin just are there for making bitcoin, this prove also my point

AFAIK, most payment processors (and casinos) now accept BTC, ETH, BCH, etc. compared to BTC, they (altcoins) offer cheaper and faster transaction fees. It's undoubtedly not suitable for store of value, but can be beneficial for purchasing various goods and services over the internet (medium of exchange).

well that's only of gambling website, not on real store on internet, gamble website are notorious for accepting altcoin, because they can evade tax and shit like that, but bitcoin can be used to purchase real stuff like hardware thing for your computer on famous website like caseking, etc...

[Classica35]

There are altcoins made of stuffs, but they seem not be going or moving anywhere. Part of the reason has been that the team lack the technical know how, to bring the project to the pedestal of actualization. They struggle sometimes with some processes and et stuck. So the little fund they get are being misused and the eventual shortage of fund to continue. You should know that the resultant effect of that, despite the great idea, is that the project dies off and is not resurrected.

[Stanlo]

There will be bigger problems right now if altcoins never existed, i think altcoins are been born to walk along side with bitcoin as the supporters, its just that bad coins are making it hard for other good altcoins, in time many of them will die and all we need is patience