Are Altcoins getting Boycotted?

[Piskeante]

they are getting REKT, and market is dying. Banks will put everything they have to deter people to continue supporting this market. And it's dying. YOu cannot deny that.

[Febo]

Bitcoin dominance is above 65% which is something unusual ...

Bitcoin dominance over 65% is not unusual. It is total normal. I believe its place is between 55% and 75%.  Bitcoin dominance was for long time over 90%. Thinking that at 65% is unusual is a bit silly.

[Pearls Before Swine]

Boycotted?  I don't think so.  Boycotts are organized events, and I haven't seen anyone recruiting people to avoid altcoins, have you?

Everything in crypto is down right now, including bitcoin.  Remember, bitcoin's all time high was $20,000 and it's less than half that now.  When it crashed it took altcoins down with it, unfortunately.  However my prediction is that they'll find their way back into people's hearts and wallets.  It just takes time for these cycles to work themselves out, that's how markets work.  Investors fall in and out of love with investments, and altcoins are no different.

At the moment market is not stable, it is very risky to buy altcoin now.

I don't know if the market is unstable.  It's just that prices are very depressed.  I see that as a chance to buy low with the intention to sell high.  Why wait until the market is on fire to start buying?

[Ozero]

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?

No, I think that over time the situation will inevitably change in the direction of altcoins, and the dominance of bitcoin will fall. The cryptocurrency market does not stand still and it develops due to altcoins. Now, just many expect the restoration of bitcoin at the previous price and therefore the level of its dominance is high. This situation cannot last too long. Funds will inevitably be transferred from bitcoin to altcoins.

[Bonwin]

There is a gradual decline in the crave for altcoins. Imagine where investors are more exposed to losses through them, it means that such factor is strong enough to reduce their interests. Although, old coins doing greatly well in the market are still being invested in, except for the new ones.

[Chuky92]

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?

Altcoins aren't getting ignored or boycotted rather people are looking for the best ways to be safe in this space since it is obvious that many altcoins aren't worth it. Also, why it looked like they are getting boycotted is that, only few altcoins such as ETH are performing well with a great number dieing off. Moreover, Bitcoin have a higher chance of recovery more than most altcoins which is also another reason for its increasing dominance and decreasing interest in most altcoins.

[poornamelessme]

Bitcoin dominance is above 65% which is something unusual ...

Bitcoin dominance over 65% is not unusual. It is total normal. I believe its place is between 55% and 75%.  Bitcoin dominance was for long time over 90%. Thinking that at 65% is unusual is a bit silly.

Agreed. I think just in comparison to altcoin seasons, it seems a bit odd.

What does seem unusual however is the almost complete lack of any real upwards movement for any alts (I'm not counting the little coins that do their pump thing). The entire market has been pretty stagnant or in decline. I remember years ago that even in bear markets, we'd at least see the occasional coin do the 10x thing once in a while. Nowadays 2x seems like a miracle.

[tabas]

Not that boycotted as a whole but in some ways, yes many of them are being ignored because of the performance that the market showed last year. To be specific, bitcoin also didn't do good last year and this turned into the minds of every investor that investing into alt is riskier than bitcoin. I think we've seen bitcoin's dominance around 75% this year and that only means that investors are still there and still believing into bitcoin so no matter how many altcoins can be seen to be good, many are not willing to take higher risk.

[karanggatak]

I think altcoin is not boycotted, it's just that right now we are in the bear market which makes the value of altcoin continue to decline. since 2018 until now there has been no increase for altcoin. up some and fall deeper. this makes investors afraid to invest in altcoin the risk is too great. while bitcoin even though it is also experiencing a downward trend but bitcoin is still experiencing a few percent increase. in July bitcoin rose to $ 13,000 and last October bitcoin also rose by a little $ 10,000. so investors think it's better to invest in bitcoin safer and less risk.

[starblocks]

To an extent yes and this is purely because the market has been flooded with too many worthless tokens from projects that fail to deliver on their roadmaps or have become superseded by a newer product or solution so always DYOR to avoid making the mistake of investing in these lower cap higher risk options as they aren't always worth it

[Sithara007]

Not that boycotted as a whole but in some ways, yes many of them are being ignored because of the performance that the market showed last year. To be specific, bitcoin also didn't do good last year and this turned into the minds of every investor that investing into alt is riskier than bitcoin. I think we've seen bitcoin's dominance around 75% this year and that only means that investors are still there and still believing into bitcoin so no matter how many altcoins can be seen to be good, many are not willing to take higher risk.

There is no boycott as such, but investors are not willing to invest in new coins anymore after the huge losses they incurred during 2018. That said, if a group of altcoin promoters or developers are able to convince the investors about the future potential of their coin, there is still a good chance that they'll be able to attract investment. But what happens now is that although the ICO promoters want money from the investors, they are not ready to listen to their queries and doubts.

[OasisDre]

If Bitcoin is not surging big time altcoins aren't going no where, just relax and pray for new btc ATH even if its just 20k over again altcoins will surely surge in value too

[Pamadar]

Not that boycotted as a whole but in some ways, yes many of them are being ignored because of the performance that the market showed last year. To be specific, bitcoin also didn't do good last year and this turned into the minds of every investor that investing into alt is riskier than bitcoin. I think we've seen bitcoin's dominance around 75% this year and that only means that investors are still there and still believing into bitcoin so no matter how many altcoins can be seen to be good, many are not willing to take higher risk.

They might securing their investment that's why they are keeping Bitcoin instead of risking it to other Alts. Investors learned from the past and don't want to suffer with the same mistakes that they've got from the last time bear season. They are trying to keep much lesser risk that's why we are seeing that Bitcoin keeps dominating the market.

[agentx44]

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 has always been dominating altcoins ever since and I think you came out with that idea is because bitcoin has been down lately and we failed to notice its dominance over altcoins. Indeed bitcoin has been the most profitable coin for the year 2019 but it has always been the most profitable coin ever since it is the pioneer of all the cryptocurrency we have now. Let us just hope that bitcoin would continue to increase so that altcoins would increase too soon. 

[lousie9]

that's because bitcoin is the king's coin in this industrial space, even so many new and old coins to date none of them can replace bitcoin. bitcoin is a profitable investment, and you don't need to worry if you want to invest with bitcoin for the long term.

[killerfrost]

Better to hold strong altcoins now if you still have interest in them, I believe that the altcoins that will perform very well in future are strong altcoins with good useful cases, there is still chances of making big profits from altcoins but not shitcoins anymore

At the moment market is not stable, it is very risky to buy altcoin now. Even though the price went up, it was only a slight reflection, then dropped deeper. No matter how good altcoin is, you should never love it, even altcoin is as good as Matic, the price can drop -50% in a day.

I was really surprised to see the fall of Matic. It has dropped by over 60% in just a few hours, which has made me no longer trust any altcoins in this market again. Most altcoins are scams, only BTC is stable and reliable to invest in this market

[bittick]

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

The right term should be less interest. We know that altcoins are mostly dependent with Bitcoins prices but some did not recover at all. Investors are tend to be more cautious now than before, but as a young market theres always a room for growth expect a bloom again after the big recovery of mother of all crypto.

First if you have a new coin it will produce a big thing for you but it's different now. The coins become junk that fills your wallet forever.

not all coins are junk, some new coins are starting to develop. there is no new platform that can suddenly compete directly with platforms that have long existed on the market. because now many new projects but using the same concept with the existing platform. then it becomes a big challenge for new projects to survive in the market because they have to compete with existing platforms. when they come up with the same situation and concept without different updates and coins. of course a market that is not strong will make them not grow even they will not be interested in the market.

That's the thing they have to go through now. All in bad terms even though they are something new or the tokens are old. If they are not able to survive then you come by the words of many people.

I can't get what you are talking about dude. the fact that altcoin is still exist these days and you must see that only scam coins are getting banned and boycotted by the community.
Op is generalizing if all altcoin are getting boycotted. a lot of altcoins are able to survive and CMC has proven it.

[TheGreatPython]

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?

Altcoins are good, but this year seems to be really bad for them and a lot of people have been dropping. I have even stopped investing in altcoins and the only cryptocurrency in my portfolio is Bitcoin as it's been more profitable for me than altcoins have ever been. Most of the investors I know have also dumped altcoins to focus more on Bitcoin. If you check the last predictions that were made in 2018 you will notice that a lot of people have predicted that altcoins are not going to increase during the next bull, except maybe a few of them like Ethereum and Litecoin.

Due to lots of scams, new investors may not prefer to risk their money in altcoins but I am sure this kind of situation will definitely change in coming days once some altcoins like dash or waves or BNB will be giving good profits to its investors, I guess people may start investing with it like before.

[Onuohakk]

Those that has good number of altcoin in their portfolio now, has a better tendency of making huge profits comes next year. Investing in thousands of altcoin token at cheap price and reselling it back at high price seems more profitable. Albeit majority of investors always think that investing only in bitcoin will give them the desirable profit they long for, but they forget easily that they can make the same profit in altcoin, if the invest wisely

[nxnqauff]

I don't know whether it is boycotted or not. But people are selling hard and value is going down day to day. Not sure where it will end and atleast market will get into green.