Are Altcoins getting Boycotted?

[sayaya17]

Most altcoins are currently dimmed in value, but in certain altcoins  like ethereum, Litecoin, Doge, XRP, BNB and many more there are still interested people to trade, investors are still interested in these coins. Who survives then he is the strong though Bitcoin dominates, but altcoin must be able to survive in all situations if want to still get the hearts of traders and investors.

[xZork]

Certainly altcoins will continue to exist alongside bitcoin. Bitcoin is like the gold of the cryptocurrency market but it is too slow and expensive, needing other altcoins to solve problems that Bitcoin cannot do.
Besides, the cryptocurrency market also contributes a lot of altcoins. There may be many altcoins lost in the future, but I will definitely have other altcoins instead.

[slaman29]

Most altcoins are currently dimmed in value, but in certain altcoins  like ethereum, Litecoin, Doge, XRP, BNB and many more there are still interested people to trade, investors are still interested in these coins. Who survives then he is the strong though Bitcoin dominates, but altcoin must be able to survive in all situations if want to still get the hearts of traders and investors.

I can never really see BNB in the same class of all the others you just mentioned. Yes, even Dogecoin to me is superior as an altcoin and a crypto. BNB is just a token in my eyes.

Even XRP I have some because of speculation, and because I know they can be around for a long time. You talk about hearts of traders and investors, but you don't say anything about community? Is it because you know BNB doesn't really have one like ETH or LTC?

[Coyster]

This is not surprising since Bitcoin was the most profitable coin in 2019

Not just in 2019, Bitcoin has always overshadowed altcoins, but this year and the last, altcoins performed or are still performing poorly in the market, it's now too much of a risk to invest in them, that's not connoting that they are being boycotted, it just simply means that there are less people investing in them, and also the bitcoin, it's a risky market, but the risk is more evident in the altcoin market.

[iamaruf]

investors lost huge money in altcoins last few years.That's why people afraid to invest in altcoins and investing money in bitcoin.But few top rated altcoins is doing well.Now a days investors investing money in top altcoins.If you see that BNB,ETH,LTC,NEO is doing well.But after scam ICO and some projects didn't survive and run away.That's why investors only giving priority in bitcoin.

[crossabdd]

no, altcoin is not boycotted. in my opinion, Altcoin is an alternative coin to get Bitcoin. Why? this is one way to collect bitcoin with various kinds, one is to invest in altcoin and ICO / IEO. after they benefit. investors will invest in bitcoin which has a smaller risk. so the volume of bitcoin is increasing. while altcoin continues to decrease. besides, altcoin fluctuation is very large. so many investors are afraid to invest in altcoin.

[Hallmader]

no, altcoin is not boycotted. in my opinion, Altcoin is an alternative coin to get Bitcoin. Why? this is one way to collect bitcoin with various kinds, one is to invest in altcoin and ICO / IEO. after they benefit. investors will invest in bitcoin which has a smaller risk. so the volume of bitcoin is increasing. while altcoin continues to decrease. besides, altcoin fluctuation is very large. so many investors are afraid to invest in altcoin.

How can we say the altcoins are boycotted when the market cap of the altcoins are in the tens of billions of USD? If the altcoins are boycotted then we should be seeing a market cap which is not even reaching one million USD. But that is not happening. One of the reasons is, as you have mentioned, the altcoins could be one of the ways to increase your Bitcoin holdings. That is also what I am doing. I buy an altcoin when the price is low and then sell it when the price is high. The prices I am referring to is in Bitcoin and not in USD.   

[LouVandetta]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

It's not getting boycotted, exactly. You've said it yourself, it's because people are now realizing that bitcoin is less risky because we know if there's dump, the pump follows not too far from it. That might be why people are hesitant to invest their money on altcoins, since we've seen a very deep downfall pretty much everywhere.

Especially this past few years, altcoins has quite the worst performance it seems. That's the more reason bitcoin always above them all.
But, if you look closely, there should be one or two altcoins that's not really affected by bitcoin's dominance. Well, we'll see if market condition will be better in time.

[FireBallex]

Bitcoin dominance is very high now but if bitcoin reaches a new ATH whales will want to take advantage of this by taking out the profits from bitcoin and putting it into altcoin, once bitcoin dominance start decreasing altcoin season will begin

[Pamadar]

investors lost huge money in altcoins last few years.That's why people afraid to invest in altcoins and investing money in bitcoin.But few top rated altcoins is doing well.Now a days investors investing money in top altcoins.If you see that BNB,ETH,LTC,NEO is doing well.But after scam ICO and some projects didn't survive and run away.That's why investors only giving priority in bitcoin.

Those investors who are familiar with how things works with alts market still managed to earn decent from those good alts around the market. This people are not afraid taking the risk knowing that there's still potentials if you will pay attentions with the community response with any market  movements. If you are keen to succeed following alts that inside the top 10 can still provide benefits just don't stop working and finding your opportunities.

[TheClownSong]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

Bitcoin dominance in the market today is more than 60% in my opinion because the market cap value is down compared to the beginning of 2018. Besides that, the number of new coins affects the dominance of altcoin in the market and I think this is not a sign of altcoin in the boycott but investors prefer to secure their investments in the form of Bitcoin

[Jiyens3]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

The dominance of Bitcoin has increased in the last 12 months which is not expected for the growth of cryptocurrency. It means that altcoins are becoming worthless gradually which is very bad sign for altcoins. I hope altcoin dominance will increase in the upcoming days.

A boycott will never occur on altcoins. You certainly know for Altcoin is very complication market conditions. The basic advantages of progress and shy away from the boycotts have been lived in getting any further inflated profits. Do not just be resigned with circumstances continue to maintain a growing state will be able to awaken the progress that demonstrates the perfect thing.

[comchien]

Altcoin coins are not boycotted, but the market is currently not stable enough for investors to transfer capital to Altcoin, Bitcoin's capitalization is too large, making it difficult for altcoins to grow at the moment, one thing is that if in the coming time bitcoin increases up, Altcoin will increase again and investors will buy Altcoin.

[mrdeposit]

I do not think so, we are the ones who cause this dominance, but who knows that? The common ideas in the market causing this dominance. Why else would we boycott the altcoins? On the contrary, the majority know that unlike bitcoins, altcoins can be more successful in reap a profit.

[nicolas1979]

Every coin came from bitcoin and their price depend bitcoin movement. Altcoin is alternative after bitcoin, another way to create income and payment when bitcoin goes down and have high fees for transactions. Boycott maybe not but has low volume and price will become altcoin habit. Market still need atcoin, image if market only have one product, market will die.

[alyssa85]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

Some people are cutting their losses in the altcoin market. There are too many coins, and most of them are doing badly, so it makes sense to sell before they get to zero.

I think next year it would be better to concentrate on a few alts and build their eco-system instead of chasing new coins that last for a few months and then start tanking.

[Doell]

bitcoin dominance is indeed very high than altcoin investors realize the potential of bitcoin in the future ,apart from that altcoin also greatly affects bitcoin and we all know altcoin also makes bitcoin superior right so there is no boycott in crypto nothing will happen mate

[Novatech8]

Seems all investors are embracing bitcoin only for now but alas it will not last, soon they will betray bitcoin and move to altcoin, if market take the turn that many expected in 2020 altcoins will be the biggest thing to talk about in crypto space

[gabmen]

Bitcoin dominance is above 65% which is something unusual since Altcoins started getting more interest from investors. It also seems that this percentage is increasing steadily for quite some time now. This is not surprising since Bitcoin was the most profitable coin in 2019 and people don't take the risk investing in altcoins anymore,they realized that Bitcoin is less risky as the price almost always eventually recover afterwards when it comes to BTC.

So what  to do you think? Are altcoin getting boycotted,giving Bitcoin an increasing dominance from now on?

Some people are cutting their losses in the altcoin market. There are too many coins, and most of them are doing badly, so it makes sense to sell before they get to zero.

I think next year it would be better to concentrate on a few alts and build their eco-system instead of chasing new coins that last for a few months and then start tanking.

On point dude. It's not about boycotting alts. It's asset management for a lot of traders at this time. And there will be a time for alts to grow in value again. Bitcoin has had the best recovery season this year so it's a bit logical for most traders ti put their bet on where the money is. The people who are holding alts aren't moving just yet but i'm sure there will be a time for that.

[Dr.Osh]

Well, altcoin also needs to have developments that can convince investors to invest. however, I also think that bitcoin is more profitable than altcoin at the moment, that's why I focus more on bitcoin. but, even though I focus on bitcoin, I don't forget altcoin. When June 2019, BNB reaches its ATH and makes investors get a big profit. as well as IEO that is successful and has prices of up to hundreds of percent. in this case, I assume some altcoin is still worth noting. I'm pretty sure the next increase will not only involve bitcoin, but also altcoin.