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Author Topic: Nothing is wrong with altcoins  (Read 2836 times)
mobilestrike
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December 27, 2019, 02:23:07 PM
 #21

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
Actually the real issue is with market as when the market crashed then bitcoin along with all altcoins dropped down but now the market is growing and when the price will reach to $20k then all of the altcoins will start to rise. You may remember that when the price reached to $20k in 2017 then even the crap altcoins increased its value. The same will happen again. So if you have any coin just hold them and wait for the good market.
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December 27, 2019, 02:28:10 PM
 #22

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



That's why you need to analyze Altcoin before investing. In difficult times like this, it is better to secure capital first than to invest in coins that are less volume and there is no progress. I personally prefer to choose the short term when trading than hold coins for now considering the price of Bitcoin is still down.


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cytpoway121
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December 27, 2019, 02:30:55 PM
 #23

I wouldn't agree
For me there is a lot wrong with altcoin

80% altcoin have no value for the society which literally affects the few valuable altcoin

There's a need to find a balance between valuable and negliable altcoin
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December 27, 2019, 02:34:47 PM
 #24

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?
I think the majority issue is that the prices do not match with previous ones. Because while ethereum's price was $1.4k in bitcoin's $18k time, the ethereum is $130 in $7k. According to this calculation, the price of the ethereum should be around $400-500.

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
Is ethereum crap?  Huh

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December 27, 2019, 02:40:00 PM
 #25

How are you so sure altcoins will fail to rise too when bitcoin can reach 20k again? keep calm because even the journey to reach that value has not yet begun but you are already pessimistic like that, still to be confident and also, no one will be willing to invest long-term in shit coins and you already realize it.


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December 27, 2019, 02:44:45 PM
 #26

How are you so sure altcoins will fail to rise too when bitcoin can reach 20k again? keep calm because even the journey to reach that value has not yet begun but you are already pessimistic like that, still to be confident and also, no one will be willing to invest long-term in shit coins and you already realize it.
I think when the price of bitcoin can return to its highest price again then it can give effect to various types of altcoin because surely there will be many traders who arbitrate that will take advantage of the difference in bitcoin prices from various exchange places so that many will use altcoin as a transaction arbitral and can provide altcoin price increases.
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December 27, 2019, 02:45:54 PM
 #27

I have many erc20 tokens that I got from the bounty campaign and hope that when bitcoin goes up altcoin will follow the price. I know now most of the erc20 tokens are dead because long bear market but I am still waiting for everything to come back.

Despite of the death of altcoins due to bearish market, it's not yet over since people are still hoping for them to arise at any moment. We don't know the exact date for that, but still many individuals are still looking forward for when it will begin to correct all the underlying problems that made it drowned for two years.
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December 27, 2019, 02:50:53 PM
 #28

Most altcoins depends entirely on bitcoin, this is what i hate about altcoins, only very few altcoins don't depend on bitcoin but since bitcoin is the mother of all coins they will always benefit from surge, be careful which altcoins you keep, someday they might be worthless

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December 27, 2019, 02:55:57 PM
 #29

There's nothing wrong in altcoins if you are holding a well established alts, its normal for the price to swing and because btc is the major pair in exchanges the price of other alts tend to go down if the value of btc is declining.

Moreover holding alts are risky if the one you bought is shitcoins thats why its best to choose a popular coins to make sure they will recover once the market turns better.

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December 27, 2019, 02:56:53 PM
 #30

of course big loss for you if you invest in shitcoins. There is nothing wrong if you invest a trusted coins like in the top coinmarketcap they are good to hold for long term.

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December 27, 2019, 02:57:05 PM
 #31

Nothing is definitely wrong with altcoins. But not all altcoins. Of course there are shitcoins. But there are a lot of altcoins there who's doing well and have great potential to do well in the future. But we cannot remove that some altcoin are just following Bitcoin.
We all have our own opinion with altcoins. If others don't like altcoin, then let them
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December 27, 2019, 02:59:08 PM
 #32

People are blaming altcoin because they didn't sell the altcoin when the price reached the highest price. They want to make a bigger profit even they already see the biggest profit that they can take. That is because they are too greedy for making the biggest profit. But if they understand that the price will go down after reaching the highest price, the price will not stay at that price, and it will go down whether you like it or not. So while you can see the price increase so high, you need to sell your altcoin before it's too late to realize that the price goes down. If you still hold your altcoin, then you will regret it later.

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December 27, 2019, 03:00:23 PM
 #33

of course big loss for you if you invest in shitcoins. There is nothing wrong if you invest a trusted coins like in the top coinmarketcap they are good to hold for long term.
if you want to invest in shitcoin at this time, of course, it's a stupid choice. but if he buys when it still has value and now falls almost without trading it is a loss. but who knows now the market conditions are indeed a lot of coins that die and can not develop anymore. but this condition gives us the experience to see the project in the long run. at least after 1 year, their development can survive in the market or it's not working.


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December 27, 2019, 03:04:43 PM
 #34

those who blame altcoin are actually just wrong in choosing the time to buy and sell when prices go up and down, on average they say that because they hold it in the long run and do not get the results as expected.
I don't mind altcoin or bitcoin which dropped from 20k to 7k, because I have felt the price of bitcoin when still around 150$
So altcoin or bitcoin nothing wrong, it is all of us who are wrong, who cannot understand market conditions. Don't hate altcoin, hate yourself.


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
Is ethereum crap?  Huh
It seems to be caused by the number of erc20 tokens that are scam and have no value on market and ultimately have a bad impact on ethereum (maybe).

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December 27, 2019, 03:10:19 PM
 #35

of course big loss for you if you invest in shitcoins. There is nothing wrong if you invest a trusted coins like in the top coinmarketcap they are good to hold for long term.
if you want to invest in shitcoin at this time, of course, it's a stupid choice. but if he buys when it still has value and now falls almost without trading it is a loss. but who knows now the market conditions are indeed a lot of coins that die and can not develop anymore. but this condition gives us the experience to see the project in the long run. at least after 1 year, their development can survive in the market or it's not working.
There are some sh*tcoins a re really good for making a profit but it will depend if it has a large volume within the 7 days and where exchange it is trading because we need to determine if its good or not. Ans we all know that there are a lot of dumpsters are waiting for the price to pump up a little bit then sell off.

Much better to always put your investment into Bitcoin altcoin and few sh*tcoin that has potential only to increase its value in the future.
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December 27, 2019, 03:11:02 PM
 #36

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?
I think the majority issue is that the prices do not match with previous ones. Because while ethereum's price was $1.4k in bitcoin's $18k time, the ethereum is $130 in $7k. According to this calculation, the price of the ethereum should be around $400-500.

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
Is ethereum crap?  Huh
At the time when the price of ETH reached to $1.4k everything was much better. All of the coins were raised on a large scale. All of the investors were confident with their investment in crypto and many investors were putting all of their money in crypto so the price reaching to that value was not hard. Now many people are confused and when the market will again run in green without any red then again we will see a situation like that.
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December 27, 2019, 03:23:44 PM
 #37

Some would think that even ETH are crap altcoins.
if they invested at peak and they are still holding until now, they'll think they already loss 90% of their money and they'll regret.

to call it a crap or not, this depends on our own evaluation as we all don't have the same evaluation in every coin we are investing.


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JC btc
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December 27, 2019, 03:29:26 PM
 #38


At the time when the price of ETH reached to $1.4k everything was much better. All of the coins were raised on a large scale. All of the investors were confident with their investment in crypto and many investors were putting all of their money in crypto so the price reaching to that value was not hard. Now many people are confused and when the market will again run in green without any red then again we will see a situation like that.

Yes, nothing is wrong with altcoins, the only thing it's wrong is that people and greedy persons are taking advantage of it. Also, there's a lot of greedy CEO or founders that are taking advantage of it, that turned out to be scam. Altcoins are good too for the legit one as they are contributing with the prescence of cryptocurrency.
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December 27, 2019, 03:56:17 PM
 #39

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
Lose or profit is all about perspective. Not only what you mention about crap altcoins or good altcoins. In price also can really affect on what people will get. People who buy in high price might  be blame altcoin because they lose, but if they buy in low price, they wouldn't do it.

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December 27, 2019, 04:05:41 PM
 #40

I think always safe our investment if we have invested in altcoins which is top in crypto market like eth, tron, ltc, BNB more and it will be depending on bitcoin price ALWAYS because when bitcoin price has been peak around $20k all other altcoins performing well but now crypto market condition is really bad and we can see how crypto market going Performa next year.





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