Are Altcoins getting Boycotted?

[mamesso]

Bitcoin has always dominated Altcoin, Moreover, the price of altcoin is unstable, So that money is very easy to flow in bitcoin. There will be time for altcoins to recover prices, when the time comes, investors will make altcoins as an alternative to get multiple profits. Overall, bitcoin is much safer than altcoin, but altcoins are always giving new colors in the crypto market, so that altcoin and bitcoin can complement each other.

[louisBSAS]

Soon we will be able to see a drop in altcoins in price and another rise in bitcoin. This will be due to the fading of the hype around DEFI projects and the release of investors into the most reliable coin in the crypto market. Bitcoin dominates because it is the most reliable and does not fall as much as altcoins.

[TopT3ns]

Soon we will be able to see a drop in altcoins in price and another rise in bitcoin. This will be due to the fading of the hype around DEFI projects and the release of investors into the most reliable coin in the crypto market. Bitcoin dominates because it is the most reliable and does not fall as much as altcoins.

the possibility will not happen because investors still believe in cryptocurrency and bitcoin, I am sure it will be more expensive because from year to year bitcoin will be increasingly difficult to obtain so it will provide a high price. So in my opinion when you look at bitcoins still cheap like this you should be able to buy as much as you can.

[Godwinpaul]

I feel people have come to understand that the value of most altcoin cannot be trusted for long term hold. Its possible to get an altcoin whose value would triple in few weeks or months, but the sustainability of the value is the issue, because such increase may be accompanied with much greater reduction in value.

[Wulan_maniez]

Altcoin is not in a boycott, but altcoin is now more in number. Many altcoins are growing, but investors have not been as much as the growth of altcoins.
So the altcoin looks quieter even though there are still altcoins whose prices are going up.
In the past, Bitcoin has always dominated to this day. It’s natural because bitcoin though volatile, but the price is quickly recovering again.
So much demand is high for this crypto king.

[Francis Freeman]

There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .

[Thomas-s]

There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .

Altcoins this is tools for more experienced people, because they know how to choose the right coins that have stable development. Scam projects getting money from greedy people who do not want to study anything

[Beyerd17]

There will always be people in government that is very sceptical to new technology challenging their sovereign financial systems. So yes, both Ethereum and other altcoins are actively being boycotted at the moment.

I believe time is on our side here, and in the next ten years or so this boycott might change as crypto and Bitcoin in particular gets more useplaces and transactions.

[cryptoknightt]

There will always be people in government that is very sceptical to new technology challenging their sovereign financial systems. So yes, both Ethereum and other altcoins are actively being boycotted at the moment.

I believe time is on our side here, and in the next ten years or so this boycott might change as crypto and Bitcoin in particular gets more useplaces and transactions.

just waiting for a matter of time until the regulation is passed, although it will take a long time, but I am sure crypto will be adopted massively.
although not all coins will be recognized, at least blockchain and digital currency systems will be implemented in the future.

[oscarftw]

As a situation in our world, our thoughts will change from time to time. In crypto Golden time we saw that Bitcoin dominance was down to 30 percent. At that time, do we think that Bitcoin is getting boycotted? For so many scam projects, investors lost trust from new altcoins then top coins. Nowadays, Bitcoin dominance is going down again.

[bryant.coleman]

As a situation in our world, our thoughts will change from time to time. In crypto Golden time we saw that Bitcoin dominance was down to 30 percent. At that time, do we think that Bitcoin is getting boycotted? For so many scam projects, investors lost trust from new altcoins then top coins. Nowadays, Bitcoin dominance is going down again.

The methodology for calculating market capitalization is flawed, especially for some of the altcoins. For example, XRP was placed at no.2 in 2017, before ending up at the 4th spot. Do you really think that the market cap of XRP can be that high? I would say that the market cap is somewhat accurate only for Bitcoin. For most of the other cryptocurrencies, it is inflated. So the real Bitcoin dominance is much higher than what you see in the coinmarketcap website.

[coinswebid]

There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .

i agree with you about there is nothing about boycotting the altcoins, but the fact this crypto market is very unpredictable, so the price of altcoins could going down hard or fly high,,,
by the way, in my opinion without altcoins the value of bitcoin will not touch about $20K as the ATH from bitcoin price, if i'am not wrong  
so, altcoins become one from many way to collect bitcoin right ? thats mean altcoins is important

[furball64]

Despite the bitcoin dominance, i think there still many altcoins that are doing good in the market. There is a hype right now in most defi platform supported by many altcoins. I am expecting positive development in the prices of altcoins this coming months. I am just waiting for the altcoin market to become bullish.

Bitcoin's dominance speaks of its popularity among investors. It is people who decide what it is best for them to invest in altcoins, which can rise high and fall, or in bitcoin, which is generally stable and shows moderate growth. By the level of capitalization, we can see what is closer to the mass of investors.

[jajorforce]

The methodology for calculating market capitalization is flawed, especially for some of the altcoins. For example, XRP was placed at no.2 in 2017, before ending up at the 4th spot. Do you really think that the market cap of XRP can be that high? I would say that the market cap is somewhat accurate only for Bitcoin. For most of the other cryptocurrencies, it is inflated. So the real Bitcoin dominance is much higher than what you see in the coinmarketcap website.

I'm very curious to know the real dominance of Bitcoin. Please help me, where can I check the real dominance of Bitcoin? We know the future is getting more digital than now. The dominance of Bitcoin will be down in the future. The main point is that altcoins aren't getting boycotted. A new transaction of Bitcoin we can see, so we need more privacy coins.

[Ozero]

There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .

Altcoins this is tools for more experienced people, because they know how to choose the right coins that have stable development. Scam projects getting money from greedy people who do not want to study anything

Since altcoins now have more than seven thousand and their number continues to increase, a significant part of them does not inspire confidence among investors. Overall, however, altcoins continue to evolve rapidly. There are still a lot of useless altcoins, but they continue to be eliminated, only those who perform useful functions and are in demand remain. Therefore, altcoins are not boycotted by investors; among such a multitude of them, about ten percent are worthy for investment.

[bigcash2011]

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 is normal for altcoins to remain under pressure and if you see the historic bulls and bears cycle you will see that as market is approaching bullish cycle and bitcoin being the first mover will lead the market and altcoins will remain under pressure till btc hits new highs and then reverses.

[furball64]

There is nothing about boycotting the altcoins but people prefer to invest safely in Bitcoin which is relatively trusted in the crypto space. Also there are too many scams in altcoins so people are largely afraid if they may be caught in of those .

Altcoins this is tools for more experienced people, because they know how to choose the right coins that have stable development. Scam projects getting money from greedy people who do not want to study anything

Since altcoins now have more than seven thousand and their number continues to increase, a significant part of them does not inspire confidence among investors. Overall, however, altcoins continue to evolve rapidly. There are still a lot of useless altcoins, but they continue to be eliminated, only those who perform useful functions and are in demand remain. Therefore, altcoins are not boycotted by investors; among such a multitude of them, about ten percent are worthy for investment.

Perhaps I will give an incorrect comparison. I apologize in advance. To me, altcoins mostly resemble used toilet paper. Because they primarily serve only one rise in prices and then no one needs them. And some are not even able to do this. There are altcoins that are really valuable for the crypto market and have great prospects, but there are very few of them and you can count only a few dozen.

[louisBSAS]

Soon we will be able to see a drop in altcoins in price and another rise in bitcoin. This will be due to the fading of the hype around DEFI projects and the release of investors into the most reliable coin in the crypto market. Bitcoin dominates because it is the most reliable and does not fall as much as altcoins.

the possibility will not happen because investors still believe in cryptocurrency and bitcoin, I am sure it will be more expensive because from year to year bitcoin will be increasingly difficult to obtain so it will provide a high price. So in my opinion when you look at bitcoins still cheap like this you should be able to buy as much as you can.

The price of bitcoin weakly depends on the complexity of its mining. The price of bitcoin, like many other coins, is primarily the ratio of supply and demand for this coin. Personally, I don't care how much it costs to get bitcoin, ethereum, or anything else. I invest in what I think I am most likely to earn.

[bryant.coleman]

The methodology for calculating market capitalization is flawed, especially for some of the altcoins. For example, XRP was placed at no.2 in 2017, before ending up at the 4th spot. Do you really think that the market cap of XRP can be that high? I would say that the market cap is somewhat accurate only for Bitcoin. For most of the other cryptocurrencies, it is inflated. So the real Bitcoin dominance is much higher than what you see in the coinmarketcap website.

I'm very curious to know the real dominance of Bitcoin. Please help me, where can I check the real dominance of Bitcoin? We know the future is getting more digital than now. The dominance of Bitcoin will be down in the future. The main point is that altcoins aren't getting boycotted. A new transaction of Bitcoin we can see, so we need more privacy coins.

If you want to calculate the real market cap of various cryptocurrencies, then you need to study the daily exchange volumes. For coins such as XRP, the daily volumes are much lower than the assumed market cap, because the vast majority of the circulating supply is held in cold storage. If all these coins come online, then the exchange rate would be much lower than what it is now. I would assume 90% plus reduction in the exchange rate. The market cap will also decrease proportionately.

[bitcon]

Altcoin is not in a boycott, but altcoin is now more in number. Many altcoins are growing, but investors have not been as much as the growth of altcoins.
So the altcoin looks quieter even though there are still altcoins whose prices are going up.
In the past, Bitcoin has always dominated to this day. It’s natural because bitcoin though volatile, but the price is quickly recovering again.
So much demand is high for this crypto king.

Bitcoin was dominating all the time, and this picture will stay unchanged always, as we can guess. For me, tokens are simply for trading, and alts “collection”: in portfolio can be changed all the time. As for BTC, it must be always presented in actives, and hodling Bitcoin is the best decision.