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Author Topic: Nothing is wrong with altcoins  (Read 2836 times)
KnightElite
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December 30, 2019, 05:02:48 AM
 #141

there is nothing wrong with altcoin, this is indeed the cycle that will occur on the altcoin market. The current problem and affecting altcoin is the number of scam projects that make investors no longer believe and have a negative impact on all altcoin and also for bitcoin. if bitcoin reaches $ 20k and altcoin doesn't follow it, of course the problem is the altcoin, but in my opinion it won't all. For example ETH which always compensates for Bitcoin.
A cycle that we don't know when altcoins will be back on top. for short term investors, they don't like what is happening to the altcoins market.

When most of your investments are down 90%, there's really something wrong with that as it's hard to recover that price, if it will, it might again take time like years the least..
There is wrong if the price of altcoins goes down -90%. It seems that the coins lose interest and popularity in the market. Be careful on what altcoins that we are holding, there are altcoins that can recover but there are altcoins that will not recover anymore and that altcoins can be considered as shitcoins. It is our own fault if we bought worthless altcoins so we should pick carefully.

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December 30, 2019, 07:19:28 AM
 #142

altcoin that does not have a product and a large community, so they cannot survive, this is like a natural law, they are not able to adapt, so thrown out of battle. so when bitcoin rises, they are unable to follow it, due to the lack of trust from investors
Many altcoins have better working products backing them and good use cases as well, I don't have to start mentioning names but I am surprised this is coming from a full member on this forum.

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December 30, 2019, 07:38:07 AM
 #143

I will start hating altcoins only when bitcoin raise up to 20,000$ and altcoins fail to move up as well, many people are putting blames on altcoins today as if bitcoin is not in loss itself, the ATH of btc was 20k and now it's trading for 7,000+ thats like 12,000$ lost please how will this not affect other altcoins as well? Top altcoins will surely lose value as well, to me this present loss of altcoins are positive, look at coins like LTC, EOS, BNB, these coins are doing fine. You will only have problem if you invest in crap altcoins

You made a valid point, the value of altcoin is greatly dependent on the value of Bitcoin. Some altcoin are doing just fine as you mentioned, though we recorded some loss and secondly, bitcoin seems to be the dominant crypto in the coin market as it holds about 70% of the market presently.
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December 30, 2019, 07:50:50 AM
 #144

altcoins are not the one to blame but those people who use it to scam other people. thats why before you invest in altcoins make sure you do your own research. theres a lot of good altcoins in the market today. dont be foolled by sweet marketing strategies, dedicating time for crypto investment is very important. always remember invest wisely.

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December 30, 2019, 08:03:42 AM
 #145

The bottom line is if altcoins suffer meltdown, it does in high degree. But Bitcoin does not decrease in price as compared to altcoins. It means bitcoin has more importance than altcoins. I am not saying all altcoins are failing to perform well. Some altcoins like Ethereum, BNB, Huobi coin are good investment and doing well.

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December 30, 2019, 08:46:56 AM
 #146

The bottom line is if altcoins suffer meltdown, it does in high degree. But Bitcoin does not decrease in price as compared to altcoins. It means bitcoin has more importance than altcoins. I am not saying all altcoins are failing to perform well. Some altcoins like Ethereum, BNB, Huobi coin are good investment and doing well.
Since when did you know bitcoin? so to say if Bitcoin has not experienced a price decline, you try to see the price of bitcoin at the end of 2017 and compare with the price of bitcoin this year, whether there is a price decline or not.

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December 30, 2019, 08:47:01 AM
 #147

A cycle that we don't know when altcoins will be back on top. for short term investors, they don't like what is happening to the altcoins market.

When most of your investments are down 90%, there's really something wrong with that as it's hard to recover that price, if it will, it might again take time like years the least..
of course it will take a very long time to recover losses that reach 90%.
there are even some altcoins that go down by more than 100%. Many holders have become poor because of the current state of altcoin.
I don't know when the recovery time is altcoin so the price will be good again, very difficult for now.
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December 30, 2019, 09:03:13 AM
 #148

Nothing wrong with altcoin just have lower price today, almost altcoin keep have lower price and loss dominance on coinmarket cap with bitcoin, more than 40% altcoin loss dominance with bitcoin and make price down, have many chance when altcoin must come back with higher price without care how bitcoin and altcoin price, if bitcoin although with lower price altcoin should be in higher price.

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December 30, 2019, 09:09:18 AM
 #149

Nothing wrong with altcoin just have lower price today, almost altcoin keep have lower price and loss dominance on coinmarket cap with bitcoin, more than 40% altcoin loss dominance with bitcoin and make price down, have many chance when altcoin must come back with higher price without care how bitcoin and altcoin price, if bitcoin although with lower price altcoin should be in higher price.
Not only today its almost 2years since the altcoin continue to decrease its value, actually even bitcoin experience lost from the past 2 years. We just need to wait for another bitcoin and altcoin seasons to get back all what we lost in them. Hopefully it will happen very soon.

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December 30, 2019, 09:13:27 AM
 #150

the work with the development of goods with product and service leaves with spares on funds as developer to manage of use as appealing with decision on release of funds on effort with the approach ofmarket.
as the project returns with reference as parties to gains also from work on finance on modification.

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December 30, 2019, 09:15:45 AM
 #151

just look at the plus side if bitcoin goes down and the top altcoin goes down, then we have a chance to buy altcoin at a low price. and true, if you see litecoin, eos, neo, xlm, or ripple, they are in a favorable condition for trading even if not in large numbers but at least not lose. so instead of quietly waiting for bitcoin and altcoin fixed up, wait for the investment by trading on altcoin such as ltc, neo, eos, xlm, ripple, or doge.
At present, Bitcoin is always the decisive coin for the existence of altcoin and if this coin cannot rise well, the chances of making a profit will be very low because altcoin is a very risky investment. I think there is a need to improve the value of Bitcoin and the need for investment to increase in 2020 because this is the year that determines the future of the entire crypto market.

However, investor sentiment is still very frightening so it will be difficult to find a new altcoin season. It may take more time before everything starts again.






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December 30, 2019, 09:36:01 AM
 #152

if bitcoin experiences ATH again in 2020, then it is certain that altcoin will also go up again like that time. so choose the correct altcoin and at least 10 top coinmarkertcaps.
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December 30, 2019, 12:12:57 PM
 #153

I agree with this. There is indeed nothing wrong with altcoins because they are like bitcoin which is an opportunity to make money. If you know how to utilize the opportunities laying around the market through altcoins then you will not complain about them. There is a lot of altcoins which have a cheap price with great value in the market that you can grab for a long term investment.

 
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December 30, 2019, 03:50:18 PM
 #154

I will start hating altcoins only when bitcoin raise up to 20,000$ and altcoins fail to move up as well, many people are putting blames on altcoins today as if bitcoin is not in loss itself, the ATH of btc was 20k and now it's trading for 7,000+ thats like 12,000$ lost please how will this not affect other altcoins as well? Top altcoins will surely lose value as well, to me this present loss of altcoins are positive, look at coins like LTC, EOS, BNB, these coins are doing fine. You will only have problem if you invest in crap altcoins

I agree. There is no such problem in terms of the Altcoins price because what we are currently seeing right now is the after effect of Bitcoin's price downfall in which most of the existing Altcoins within the market relies or depends their prices on it. It must be good to know that despite of the price downfall, still Altcoins have made it up to this point of time on surviving while Bitcoin have not full recovered its price yet. The downfall of Bitcoin do really affect most of the Altcoins which is normal and already have been natural scenario because it do always happen everytime Bitcoin's price fall. The only thing that can be wrong in talking about Altcoins is that most of them might look promising but you must be careful of that because looks can be deceiving so better choose a trusted and reliable altcoin so that your investment will be safe and your lon term wait will be all worth it once the market have recovered because surely, Altcoins will get along to its recovery benefiting us all.
Yeah, Altcoins are good to invest in as now in this modern era we want some good ways to get money and bitcoin is really beneficial to invest your money. In crypto, we will have to remain so careful and not to invest in New or low potential coins as a time to time altcoins changes the value and we should invest only in profitable Coins.



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Twentyonepaylots
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December 30, 2019, 03:57:50 PM
 #155

Nothing is absolutely wrong with Altcoin aside market fail and many fake Altcoins out there, so once bitcoin increases there's certainty other good altcoins will increase and despite the market condition, some altcoins are doing better above token sale price.
What's wrong is when you supported an unrealistic coin. There is no relation between bitcoin to any altcoin however it is noticeably obvious that when the bitcoin price pumps the other coin does to, and the other way goes around. But it will still depend on the people since we are decentralized, bitcoin rise and altcoin would still remain or bitcoin won't move and altcoins will, very uncertain things to predict what could be the next event to happen.

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December 30, 2019, 09:33:27 PM
Last edit: December 31, 2019, 12:21:40 AM by leatutz
 #156

I will start hating altcoins only when bitcoin raise up to 20,000$ and altcoins fail to move up as well, many people are putting blames on altcoins today as if bitcoin is not in loss itself, the ATH of btc was 20k and now it's trading for 7,000+ thats like 12,000$ lost please how will this not affect other altcoins as well? Top altcoins will surely lose value as well, to me this present loss of altcoins are positive, look at coins like LTC, EOS, BNB, these coins are doing fine. You will only have problem if you invest in crap altcoins
You can blame altcoins or scam project for Bitcoin price drops but real is totally different. Bitcoin price dropped from 3,200 to 13,000 to 7,000 USD without moving altcoins price and altcoins season. After some huge success by update some altcoins already

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December 30, 2019, 09:49:31 PM
 #157

Though you have a point but yet look at the Bitcoin dominance in the crypto market. Compare the Bitcoin and altcoin growth of this year! Altcoins did the shit job in the whole year where Bitcoin price was good enough for a kong time! I like altcoins, I have many, but I think altcoins price should go higher to keep a balance with the Bitcoin growth like before!

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December 30, 2019, 10:32:27 PM
 #158

The Altcoin market may enter a new era. There has been a falling market for 2 years. Prices have fallen a lot. I think bitcoin will allow a bit. Altcoin prices will rise again. I am preparing to evaluate this process well. I hope I succeed.

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December 30, 2019, 11:59:19 PM
 #159

In fact, the best investments to make sometimes are altcoins, because of the possibility of a multiplier effect. Even if there isn't a general upsurge in the market, there are certain altcoins, inasmuch as the teams are still actively involved in them, they will one day, if not more, grow to high significant levels.
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December 31, 2019, 01:49:27 AM
 #160

In fact, the best investments to make sometimes are altcoins, because of the possibility of a multiplier effect.
Bitcoin also can multiply your investment, and it's safer for long term investment compared to bitcoin.
you just have to know the altcoins is a high risk investment so timing matters a lot here.

Even if there isn't a general upsurge in the market, there are certain altcoins, inasmuch as the teams are still actively involved in them, they will one day, if not more, grow to high significant levels.
I am sure about that, but it could be a long wait because bitcoin is not stable yet and it's not pumping yet as we expect it.


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