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Author Topic: Nothing is wrong with altcoins  (Read 2836 times)
Bananington
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December 28, 2019, 11:52:48 AM
 #81

But when BTC price increases in dollar value, other altcoins normally do same although mostly not with a wide margin. I also agree that we shouldn't just hold any altcoin for long term but ones with proven team transparency and devotion, and also good development. Also it's not so cool in my opinion holding so many altcoins waiting to see a positive outcome, it's better to draw a scale of preference and select a few for long term.


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December 28, 2019, 12:03:47 PM
 #82

One should just be careful now when choosing altcoins to invest in, it's not 2017, guys. Most of the crap you are still holding on your MEW will remain dumped and useless till the end of crypto. Face it and move on Smiley
This year is very different from 2017, we have to be very careful in choosing and making decisions because when we make a wrong decision it could result in losses and for me personally for now I would prefer to keep holding and waiting for the right moment to sell it or at least when I have benefited from these coins I will immediately choose to sell them.

 
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December 28, 2019, 12:51:53 PM
 #83

Well the drop in value of altcoin has been so drastic when compared to the rate of fall of bitcoin, but in any case altcoins are not totally bad, there are still some worth holding, only such should be invested upon. Carry out research before investing on Altcoin you will find those good and profitable ones.

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December 28, 2019, 12:55:13 PM
 #84

Such a strategy for sure makes sense, but you know, what I would also say - it is not easy to find multiple solutions that meet requirements. What I mean is evaluating the factors. From my point of view, platform must be advanced, innovative, reliable and, of course, bring real and practical value.
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December 28, 2019, 12:56:08 PM
 #85

Such a strategy for sure makes sense, but you know, what I would also say - it is not easy to find multiple solutions that meet requirements. What I mean is evaluating the factors. From my point of view, platform must be advanced, innovative, reliable and, of course, bring real and practical value.

Absolutely so and I fully agree with you that it is not easy to find several tokens that widen the horizons and set new standards on the industry. Talking about you, are there many solutions you can recommend in general?
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December 28, 2019, 01:00:02 PM
 #86

Absolutely so and I fully agree with you that it is not easy to find several tokens that widen the horizons and set new standards on the industry. Talking about you, are there many solutions you can recommend in general?

Nope, I wouldn't say so. I am only having 2 or 3 most attractive ones I am following. And latest discovery I would definitely recommend everyone to have a look at - Intelligent Hero. Have you already heard of such a solution? Cause you know, in here guys are setting entirely new standards on the industry
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December 28, 2019, 01:04:15 PM
 #87

Nope, I wouldn't say so. I am only having 2 or 3 most attractive ones I am following. And latest discovery I would definitely recommend everyone to have a look at - Intelligent Hero. Have you already heard of such a solution? Cause you know, in here guys are setting entirely new standards on the industry

Intelligent Hero? Hmm, it seems that I haven't heard of such a platform before, can you please provide more details on what the solution stays for?
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December 28, 2019, 01:06:48 PM
 #88

Indeed nothing is wrong with altcoins, the only problem i see is that over the years appear scam coins and also this contribute to price fall and also problem with some exchanges that was hacked, but now indeed many people focus on bitcoin, we all hope for a 2020 year much better for crypto.

I thought you said there is none wrong about altcoins but you mentioned that many scam altcoins has been brought up into scene? Quite contradicting. Meaning to say, youre agree with altcoins inception and introduction but you dont like scam coins right? I guess that's a sort of weird reasoning. Bitcoin will remain intact and trusted but altcoin space is a huge group and admit or not many are not favor with most of them. Especially new projects.
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December 28, 2019, 01:10:50 PM
 #89

Such a strategy for sure makes sense, but you know, what I would also say - it is not easy to find multiple solutions that meet requirements. What I mean is evaluating the factors. From my point of view, platform must be advanced, innovative, reliable and, of course, bring real and practical value.
So far the platforms that are truly reliable and have progress are the blockchain platform and the ethereum platform, you can see carefully how many people use both platforms in cryptocurrency.

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December 28, 2019, 01:19:00 PM
 #90

Intelligent Hero? Hmm, it seems that I haven't heard of such a platform before, can you please provide more details on what the solution stays for?

Yes, of course. In few words, the platform stays for widening horizons for everyone, who is interested in personal growth and self-development. Platform stays for giving such opportunities with great tech and usability balance. What I really recommend you to do - check out guys' explainer video available right on their website. And get back with your thoughts afterwards, curious to know ur opinion
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December 28, 2019, 01:27:39 PM
 #91

Yes, of course. In few words, the platform stays for widening horizons for everyone, who is interested in personal growth and self-development. Platform stays for giving such opportunities with great tech and usability balance. What I really recommend you to do - check out guys' explainer video available right on their website. And get back with your thoughts afterwards, curious to know ur opinion

So far sounds indeed attractive, let me have a look and get back. Thank you for your recommendation!
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December 28, 2019, 03:23:10 PM
 #92

Everyone should only invest in top altcoins if you plan on holding for long term, most new altcoins are good for short term holding, once they surge in value just sell off and move the money into another old altcoin unless the new altcoin delivers something entirely very new and promising, too many repetitive projects nowadays
There are indeed many new projects that only repeat what has been done. And for my own investment, I think for the moment I am not very interested in the new altcoin because it can be said to be able to generate profits from the new altcoin is not easy because most of the new altcoins are actually decreasing in price, so for now I personally will be more choose to invest in the top coins that can be spelled out to minimize the possibility of getting a loss or rather I prefer to play it safe now.

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December 28, 2019, 03:45:36 PM
 #93

How about ethereum? isn't this a big project and not bullshit? but ethereum has experienced an extraordinary decline this year. Bitcoin is still a good value even if it goes down because of fast recovery but altcoin continues to go down some time and when bitcoin is recovered altcoin remains stable on price when it goes down.
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December 28, 2019, 04:17:57 PM
 #94

But when BTC price increases in dollar value, other altcoins normally do same although mostly not with a wide margin. I also agree that we shouldn't just hold any altcoin for long term but ones with proven team transparency and devotion, and also good development. Also it's not so cool in my opinion holding so many altcoins waiting to see a positive outcome, it's better to draw a scale of preference and select a few for long term.

if altcoin we hold has good potential for the future, I think altcoin is suitable for long-term investment. In fact, when bitcoin has increased in price, it is possible that some potential altcoins can move to follow the same thing, therefore I don't think there is anything wrong with altcoin if we are wise to choose several potential altcoins to invest

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December 28, 2019, 10:08:31 PM
 #95

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.

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December 28, 2019, 11:13:19 PM
 #96

How about ethereum? isn't this a big project and not bullshit? but ethereum has experienced an extraordinary decline this year. Bitcoin is still a good value even if it goes down because of fast recovery but altcoin continues to go down some time and when bitcoin is recovered altcoin remains stable on price when it goes down.

No need to worry, the altcoin will increase in the future. When bitcoin is down, some altcoin is down too, but not all altcoin will go down because if you check the market, the altcoin is trying to recover in a hard time. Ethereum cannot increase this year because bitcoin is not rising higher, and bitcoin is just moving up and down. But if bitcoin gets a bull run, then ethereum with the other altcoin will have a bull run time too.

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December 28, 2019, 11:49:21 PM
 #97

The established altcoins will not be delisted by the exchanges, the low market cap altcoins have a great chance to be delisted by the exchanges. After reaching some price level, many altcoins have been a source of HYPE and the investors preferred to trade these altcoins.

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December 28, 2019, 11:52:08 PM
 #98

But when BTC price increases in dollar value, other altcoins normally do same although mostly not with a wide margin. I also agree that we shouldn't just hold any altcoin for long term but ones with proven team transparency and devotion, and also good development. Also it's not so cool in my opinion holding so many altcoins waiting to see a positive outcome, it's better to draw a scale of preference and select a few for long term.

if altcoin we hold has good potential for the future, I think altcoin is suitable for long-term investment. In fact, when bitcoin has increased in price, it is possible that some potential altcoins can move to follow the same thing, therefore I don't think there is anything wrong with altcoin if we are wise to choose several potential altcoins to invest
I don't think anyone can guarantee for altcoin in the future because altcoin has little interest and too much supply will make altcoin prices in the future can be a time bomb that can destroy you instantly, altcoin risk is greater than risk in bitcoin.

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December 29, 2019, 12:15:31 AM
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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 don't think that anyone in the market has these unrealistic expectations of alts.

It's simply that alts have been significantly underperforming when compared to something like BTC, which has obviously been outperforming the majority of other alternatives within the market. And there is a good reason for that, because traders, especially institutions, prefer to have BTC which has had a better reputation and more liquidity in comparison to the majority of alts.

So yeah, nothing is wrong - but that doesn't mean that demand  for alts will all of a sudden exceed BTC per se.
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December 29, 2019, 12:32:04 AM
 #100

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 in you points that not all altcoins can be considered shitcoin, but there are too many of them, only a handful can be considered backed by real project and this is one of the things that worries investors, it's really prefer not to invest in a new coin.
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