Hello everyone! Do you still have confidence in altcoin?

[vycl87]

At present, the market condition of altcoin is not very good, the exchange rate of BTC is getting lower and lower, and many altcoins have been unmaintained. Even if the development team still insists, the price is very miserable! The blow to the entire team is not small, I am afraid it is difficult to persevere. Now there are a few questions that I want to discuss with you:
1. In your life, when would you use cryptocurrencies to shop? We know that people like to use cryptocurrencies in the dark web.Is general life shopping necessary?
2. If you use cryptocurrency for payment, what currency will you prefer to choose and why?
3. At present, the altcoin market is very bleak. Do you think this is a buying opportunity?
4. What do you think is the easiest to implement in Altcoin's future application scenarios and will attract more users!

Thanks all replies

The market was in general a downward trend for more than 2 years. In this environment, altcoin performances caused great losses from time to time. However, it does not show that all of these investments have disappeared.

I think the only problem with this is that there are too many crypto assets in the market. According to the latest data, there were over 5000 cryptos. (Except for those who died) The vast majority of these altcoins have no real function. And yet, many people in the market continue to trade them. This prevents the market from reaching its true potential.

[t3m4nc0k]

- I have never used crypto for shopping because in my country I am not allowed to shop using crypto
- I prefer payment using ethereum or bitcoin, but unfortunately I can't feel that
- all depends on market analysis that you do, if you think it's cheap now then buy it
-

[joinfree]

Of course mate. The profits that i have taken from altcoins is way higher than from bitcoin but don't forget you can't make any decent profits with any altcoin on the market. You have to carefully select among these coins and do a good background research as well considering the use case of the project and its feasibility.

[Denreal]

I stay in a place where most do not understand what cryptocurrency is. So it is never a popular thing to be used. The only thing i do mostly is send the BTC or ETH to friends who might need it for online shopping. I do not do that, because I have personally not be exposed to it, but i wish that cryptocurrency could be legalized by governments, so that many could use it freely without any restriction.

[bluebit25]

Sure, altcoin is still a great place for you to trust and invest. As long as you do market research and monitoring, I believe you will find the best altcoins for both short and long term investments.

[bitkanu]

1. i would use it to shop but this is not a necessary thing
2. i still prefer to use stable coin as it can avoid the volatility that will affect my payment too
3. as long as that's a good coin and it will always offer a buy opportunity especially when it comes to the bearish market
4. it should be through dapps with real usecase

[Zazzu]

- I have never used crypto for shopping because in my country I am not allowed to shop using crypto
- I prefer payment using ethereum or bitcoin, but unfortunately I can't feel that
- all depends on market analysis that you do, if you think it's cheap now then buy it
-

But you can use cryptocurrency to shop at foreign websites. My country also banned cryptocurrencies, but I still use them to buy things I need on the internet, very quickly and conveniently

[hatshepsut93]

I never had confidence in alts to begin with, always knew that almost all of them are scams or just trash. Still, I to this day own a tiny amount of two altcoins - not because I believe that they will go to the moon or something, I'm just waiting for a better moment to sell - I'd settle even for a 20% pump.

I believe the longer it will take for Bitcoin to start a big bull run, the more alts will be dying in the process, because alts can't have their alt season until Bitcoin will make the first move. So, yeah, it's a horrible idea to hodl alts long term, especially if they are some low-rank shitcoins. Better to cut your losses while you can.

[skrcoin]

1. I would be more than happy to spend my btc for purchasing my underwear to paying all of my bills but that's not possible here. Without real adoption, no coin could be bright. For your info, BTC is being used in different shops too, afaik, some alts are also accepted. When crypto will have acceptance on all the shops, that will fulfill the goal of Satoshi and we expect someday it will be done.
2. I would prefer BTC at the first place. Although the scalability is an issue yet, BTC is the most decentralized currency so far. If I were to choose an altcoin, I would prefer LTC. It's another version of BTC too.
3. In my opinion, it's not buying opportunity. We had it some couple of months ago.
4. I didn't get the point.

The answer is clear. To gain faith in altcoins, you need to know the clear uses of altcoins. If these parts cannot be resolved, altcoin will die. Investors want a clear profit model.

www.skr.ne.kr
skr.crypt@gmail.com

[GreatArkansas]

1. In your life, when would you use cryptocurrencies to shop? We know that people like to use cryptocurrencies in the dark web.Is general life shopping necessary?
2. If you use cryptocurrency for payment, what currency will you prefer to choose and why?
3. At present, the altcoin market is very bleak. Do you think this is a buying opportunity?
4. What do you think is the easiest to implement in Altcoin's future application scenarios and will attract more users!

1. I will use only a particular cryptocurrency that will cause me more comfortable, convenient, and also less cost (especially in transaction fees). In buying some shops now, it's like kinda not always a good idea to use cryptocurrency, not in all cases.
2. I will use fewer transaction fees, Bitcoin will do also especially the Lightning network that runs on the top of Bitcoin, it is amazing! I am not aware on some altcoins but there are a lot of altcoins that are fast and cheap transaction fees.
3. Yes, but not all of the altcoins are good.
4. More use cases and transparency, if the scam or not legit altcoins will be lessened for sure, some altcoins will gain popularity and more people will use altcoins in different cases.

[alan2here]

I never had confidence in alts to begin with, always knew that almost all of them are scams or just trash. Still, I to this day own a tiny amount of two altcoins - not because I believe that they will go to the moon or something, I'm just waiting for a better moment to sell - I'd settle even for a 20% pump.

I believe the longer it will take for Bitcoin to start a big bull run, the more alts will be dying in the process, because alts can't have their alt season until Bitcoin will make the first move. So, yeah, it's a horrible idea to hodl alts long term, especially if they are some low-rank shitcoins. Better to cut your losses while you can.

Bitcoin is now very volatile and very difficult to surpass the old ATH because the situation is unpredictable, and many investors have lost all their assets when choosing to invest in this market.

I think the market will take a few more years to end a bad time, so it is best to invest and sell only when it is profitable. Of course, it is also possible to buy some of the altcoins currently available in this market as altcoins have dropped significantly compared to a few years ago.

[Jateng]

1. There's one app that I use to pay bills, send money and buy gaming tokens. Its very friendly to use and very fast. They have also some rebate's in buying loads and other stuff. That's the one I used to spend my bitcoin.
2. I still prefer bitcoin rather than other altcoin, its very fast. I'm confident in to use them.
3. Yes, I think. Some altcoins have still chep price but huge potential. We need to prepare for other bull run event.
4. I think the projects connected to payment transaction, gaming, gambling industry and exchange sites. That's people want to invest.

[princeyeboah]

One expect once told me, in cryptocurrency, Bitcoin is the framework or skeleton whereas altcoins form the flesh around it. This means, both are important. I have strong confidence for altcoins especially the ones not thriving on FOMO but building real applications and fundamentals via use cases, partnerships, developments etc to enhance an organic growth.

[mahilchii]

I agree with some of your points, people need to use crypto currency as a payment system that's the main reason it was developed for, to be honest even I have not used it.

Also altcoins have become the favorites of BTC, which means being dependent on BTC. Alts price are still capable to go up if the traders invest more money also there is less demand of alts where the price is not showing any specific move, let's be confident and wait for alts turn.

[Bezobraznike]

   I still have confidence in some alt-coins, in some I lost my faith. Is it time
for buying? Definitely yes. With more people and higher demand the prices
of some coins will rise a lot in the future. I don't have where to spend my
crypto-currencies, and I believe there will be stores around me in future, I just
hope that my portfolio will worth a lot more and then I will start spending
what I invest in now.

[Crypto_lion]

The numerous altcoins are already wiped out during the crypto winter and any remaining are finding it difficult because of the current virus condition. Whatever is left will be a good bet I assume.

[electronicash]

The numerous altcoins are already wiped out during the crypto winter and any remaining are finding it difficult because of the current virus condition. Whatever is left will be a good bet I assume.

the remaining still remains buried but some emerges replacing the old ones on top.

i didn't expect Synthetix Network Token had to scale up where it is today. its not really surprising that Defi is now almost wining in the market. altcoins somehow are here to stay, you may not have confidence to altcoins but the developers are confident enough to develop a better platform.

[bussybuddy]

The numerous altcoins are already wiped out during the crypto winter and any remaining are finding it difficult because of the current virus condition. Whatever is left will be a good bet I assume.

Virus are making it difficult for the whole market, and when the virus finishes, I believe this market will grow strongly. Just choose good altcoins and wait for a while, I believe you will definitely get profit from it.

[ecnalubma]

1. In your life, when would you use cryptocurrencies to shop? We know that people like to use cryptocurrencies in the dark web.Is general life shopping necessary?

I will but not this time, due to its extreme volatility.

2. If you use cryptocurrency for payment, what currency will you prefer to choose and why?

For me honestly I would prefer currency pegged crypto just for quick spending of course.

3. At present, the altcoin market is very bleak. Do you think this is a buying opportunity?

Probably most investors already overbought, but we can still buy with high potential coins.

4. What do you think is the easiest to implement in Altcoin's future application scenarios and will attract more users.

A regulation that will help irradicate scams, so that investors will have the appetite to invest again.

[Marble777]

I personally have high confidence only with the highest altcoin in the market, I do not hesitate to buy and hold and wait until the time comes to sell it. most of the top altcoins or on the top 10 in the cmc market are very worthy of long-term investment.