Altcoins Need a Catalyst to push up prices

[TheUltraElite]

Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all

Is that not every one and all of the altcoins? None of these projects have any legal binding with securities exchange commission (SEC) and neither it cryptocurrency a regulated commodity. Problem began when bitcoin became an asset worth buying at low and selling at high and began to draw attention of a lot of idiots who were not in the position to buy it.

Scammers saw this opportunity and began to develop on shitcoins to show and fool these bagholders into buy these shitcoin promising then that these coins are the future. Thats how shills came in existence.

However bearish market trends made such bad impacts and revealed the truth of these scams. But the money these people lost is lost forever, at least for now and several years from now.

[minairia3]

Have you ever come across projects with very good use cases but where been build by dubious developers to use as pump and dump scheme? You shouldn't underestimate scammers, no matter how careful you really are you are still going to fall unless you aren't into new projects at all

What you mean by dubious? Pump and dump schsme has been happening eversince. Take note, even developer of known project cannot really make a good grip on those manipulators. Even though they are the one launch the project, chances that their project is being manipulated is high. Look out on Binance, ever wonder why the gains on each day is different? Of course this is due to the fact that whales pick a certain token or coin to pump and dump everyday.

[Mister.Satan]

I don't think it's fair to compare BNB, OKB, KCS, altcoins that have strong support and daily using in exchange to other altcoins. What you do it like compare a AAA developer EA, Ubisoft to indie developer. Price is not an only factor showing how well an altcoin performed so push up prices is not like a must-do thing.

[wozzek23]

A lot of us would have wondered, why a token with good hypes, valuable products, end up with bizarre prices and ends up delisted.

I say it is because the project product was created to short live, or perhaps theres no catalyst (in terms of development) that could push up the prices in the future.
Thats why it is important to check the development programs of most altcoins before investment.

If you check bnb, okb, kcs amongst others, you would see the developments acting as catalyst in different times to help prices of tokens. How many altcoins do that ?

This is what i feel about the present poor prices of most altcoins,
What do you think ?

Yup, a lot of Altcoins have been failing right from time. But, you should also ask yourself what are the reasons why altcoins are failing? First of all is the motive behind all these things - it seems like most people that come here don't even care about the projects, they are only interested in the quick and easy they are able to make from it and that's all that matters.

None of them is ready to hold their investment there for long, once the price starts going up and they are making profit, then they start selling immediately and dumping the market. Before you know what's happening, the market has crashed and the team can't run it any longer, they have no other option than to quit. Another reason why these things happen is because there are no efforts being put in to ensure that they grow.

[Mianae]

Altcoins needs real life utilities and mass adoption. Most Altcoins are not used for anything especially platforms that don't solve any real life problem. Take for instance aside trading, what really does Altcoins do? Cryptocurrency projects do not need altcoins what they nned is to adopt the blockchain token which their project is launched on because these blockchain tokens still serve as transactions fees. For instance if I want to send out any erc-20 token, I will use ETh gas for the transaction even wallet tokens while making transactions in the app, the native token isn't used eth gas is being used for gas.

[FLHippy]

We will see what happen after Bitcoin halving, the biggest fundament this year, but it doesn´t seem that it will help Bitcoin to get over the 10 000USD level, many Americans are now unemployed so they do not have money for investments, so I predict that the whole investment sector will crash including gold and precious metals also. 

[pixie85]

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

[jaywizzy]

From my own point of view the major cause of bad price of altcoin is as a result of dumping by investors and bounty hunters who are not care about how little the profit they realise.

[adzino]

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

If people see the price of bitcoin rising, they would go and invest on bitcoin instead of invest on altcoins. This has happened a lot of time. When the price of bitcoin starts to increase, we can see that most of the altcoins starts to lose their price. This happens because people starts to dump their altcoins and start investing on bitcoin. As more people shift from altcoin to bitcoin, the price of altcoin starts to fall, whereas bitcoin starts to rise further upwards. Though eventually at the late phase, when bitcoin has already peaked, the prices of altcoin starts to rise too, since people tend to buy back the coins they have sold but this time in cheap.

[pixie85]

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

If people see the price of bitcoin rising, they would go and invest on bitcoin instead of invest on altcoins. This has happened a lot of time. When the price of bitcoin starts to increase, we can see that most of the altcoins starts to lose their price. This happens because people starts to dump their altcoins and start investing on bitcoin. As more people shift from altcoin to bitcoin, the price of altcoin starts to fall, whereas bitcoin starts to rise further upwards. Though eventually at the late phase, when bitcoin has already peaked, the prices of altcoin starts to rise too, since people tend to buy back the coins they have sold but this time in cheap.

That's fine. It happens every time. When Bitcoin starts to grow it attracts new investors to the market who at first invest in Bitcoin and when they get enough profit turn to altcoins that present a more speculative investment.

When you have enough profit already so that whatever happens you'll still have something to brag about you're more likely to take a risk and lose some money.

[TheUltraElite]

I don't think it's fair to compare BNB, OKB, KCS, altcoins that have strong support and daily using in exchange to other altcoins. What you do it like compare a AAA developer EA, Ubisoft to indie developer. Price is not an only factor showing how well an altcoin performed so push up prices is not like a must-do thing.

Comparisons always happen. Because the human mind is prone to taking it for granted the explanation that seems obvious but is an assumption only. Now indie projects should not be thought to be similar to altcoin projects because although the concept of altcoin project behind gaming scenes is niche but it is lacking that indie concept of development. Moreover indie projects are never meant to be mainstream while altcoin projects have wanted it but failed to do so.

From my own point of view the major cause of bad price of altcoin is as a result of dumping by investors and bounty hunters who are not care about how little the profit they realise.

To some extent yes. But the factor that made them sell off at loss is also to be thought of. If these projects had actually developed something useful in the first place then this situation would not have happened.

[cahbagus555]

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

Yea, the key is in bitcoin as the most powerful influence in the crypto world. The impact of the market will improve, the interest of investors and traders will get better, so this will increase trading volume.
Plus the fundamental factors, halving and adoption are increasingly widespread.

Bitcoin price activity affects altcoin price movements and also increases investor confidence in investing in altcoin. When the price of Bitcoin continues to rise, investors will try to speculate on altcoins that look similar or tokens with prospective projects

[semobo]

What altcoins need is BTC pushing above 10 thousand dollars or better reaching ATH. If Bitcoin goes to new highs so will altcoins and this is going to be the best catalyst for their rise.

People who invest in Bitcoin and see their investment go through the roof will feel more relaxed and more secure investing some money into unstable altcoins that most people treat like gambling bets.

Yea, the key is in bitcoin as the most powerful influence in the crypto world. The impact of the market will improve, the interest of investors and traders will get better, so this will increase trading volume.
Plus the fundamental factors, halving and adoption are increasingly widespread.

Already the price of bitcoin keep increasing which is getting reflected on altcoins too, just look at the ethereum it shown huge amount of price growth since the price got dumped due to corona pandemic so the halving will be the catalyst and make sure you bought enough coins before the price got spike up.

[slashz9]

Catalyst you say? As of now, the only catalyst is bitcoin on an upward trend. Some say a bull run.

I remember back in 2018 when almost all altcoins that I follow kept on releasing some news every week or two in order to keep the price up. All those hype were not working because bitcoin was freefalling at that time. I don't think that has change until now. Now matter how fundamentally good an altcoin looks, its price will still depend on btc's movement.

for now it will indeed be difficult to experience an increase like the bull in late 2017, because what can trigger the price of all coins to rise is the increase in the price of BTC, so it will be difficult to do if the BTC is still stable.

[1Kill]

It seems to me that such a catalyst will be only the general growth of cryptocurrencies and a stable situation in all financial markets.

[ife2020]

It seems to me that such a catalyst will be only the general growth of cryptocurrencies and a stable situation in all financial markets.

You are right that catalyst leada to general growth, but it can also lead to a dump.
When i say catalyst, i mean factors, events or situations that we can relate to the project that leads a demand drive for the token.

For the catalyst to really take effect, the project need good preparation, solid team, trustworthy community to push the hypes upon launch

[TopT3ns]

Catalyst you say? As of now, the only catalyst is bitcoin on an upward trend. Some say a bull run.

I remember back in 2018 when almost all altcoins that I follow kept on releasing some news every week or two in order to keep the price up. All those hype were not working because bitcoin was freefalling at that time. I don't think that has change until now. Now matter how fundamentally good an altcoin looks, its price will still depend on btc's movement.

for now it will indeed be difficult to experience an increase like the bull in late 2017, because what can trigger the price of all coins to rise is the increase in the price of BTC, so it will be difficult to do if the BTC is still stable.

I think when the virus outbreak is over then the price of bitcoin will be very easy to go back up because if the tone of tune for current economic conditions is also collapsed due to the influence of the virus that spreads throughout the world so when the world has recovered and the world economy has begun to return go up then the price of bitcoin will be easy to go up too.

[Kaliecious]

in my opinion besides the development of projects that must be done and always update the bitcoin price that determines the price of altcoin.
but if investors throw away their tokens of course the price will go down and even die

[Pamadar]

in my opinion besides the development of projects that must be done and always update the bitcoin price that determines the price of altcoin.
but if investors throw away their tokens of course the price will go down and even die

If there's no interest that continue to support the project then the fate of such coin will surely be doomed, but if the team behind the project have good plans and still on its progressive approach even the current situation around the industry is not favoring the community, if there's still offers and developments then surely the project still have good potentials.

[LincolnMikkel]

Lack of development is a reason. Those can't be successful just by correlating with Bitcoin trend. Also, development teams must be in a short touch with their community since it affects the altcoin price by simply making it more demanded among the people.