Altcoin still feasible? Profit or loss?

[Wysi]

From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

[jackg]

I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...

[CaVO32]

I mean we normally end up with some sort of bitcoin run then some sort of altcoin run at seemingly random periods. People might be expecting the 4 year continuation pattern of bitcoin to keep going and, if this happens, altcoins should see major growth around q3 next year (Oct-Dec). There could be mini rallies half way through next year too imo. Somewhere around March but it might depend on how the economy is doing between now and then...

We can't really predict about the altcoins' movement. But normally, the top alts follow the market trend of btc. But only those that are already established in the market. Now, if we are talking about specific alts, it is better to follow their respective developments. Because their actual developments and progress will have significant impact on their market value. If traders will not see movement from the team, then I don't think they will be interested to trade with that coin, unless, it has specific use case for them like using for transfer purposes because of very minimal fee for transaction.

[jackg]

We can't really predict about the altcoins' movement. But normally, the top alts follow the market trend of btc. But only those that are already established in the market. Now, if we are talking about specific alts, it is better to follow their respective developments. Because their actual developments and progress will have significant impact on their market value. If traders will not see movement from the team, then I don't think they will be interested to trade with that coin, unless, it has specific use case for them like using for transfer purposes because of very minimal fee for transaction.

Yeah I don't normally look past doge for market cap when I check the charts and I've mostly been in btc this year too...

I don't know if a lot of the other lower coins are what the op is talking about because eyoy need a strong team with a good vision that want to take the risk of putting themselves out there in order to get a good coin that can grow to get a competitive market cap.

[blockman]

The altcoins are more volatile than bitcoin but they're mostly affected by bitcoin's move. They're harder to predict because there are a bunch of them which we can't actually monitor from time to time. If preferring to choose an altcoin, I'd choose the top altcoins and wouldn't waste any time on those, not major altcoins that are only being made because of hype. But the other remaining altcoins that have good liquidity and market cap will still be the best option only if you're more into altcoins but I'll always prioritize my bitcoin share. So when both times comes that they're coming up together, it's a win.

[wheelz1200]

From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

Most coins get a good pump and then that is it, its left to die.  Why? Because thats why alts are usually made, the developers themselves are just looking for more altcoins.  Most are not needed and serve no purpose other than speculation.  Altcoins are mostly just bitcoin eaters except maybe 1% of them.

[milewilda]

From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

For people who had been here on this market then will really see this scenario as an ordinary one.It isnt always for altcoins to be on increase when bitcoins price tends to cling up.
Most of the time top altcoins do really come along with it and below those will not be having any significant movement or just simply being in reds which to presume that people are
switching up their ports from low cap coins into either top altcoins or on bitcoin itselt so its not really surprising for this thing to happen. Altcoin still feasible? Even if i do say no, there
would be still people whom do consider this kind of option.It isnt dead yet since there are still projects which can really be potentially pumped and you make tons of profits
with it but finding the best one will already be the hardest task to be done.

[AmoreJaz]

From couple of weeks we have seen a good percentage of growth when it comes to bitcoin but still it has not made any huge impact over altcoin prices which was not the case earlier, some of us including myself started thinking altcoins have lost its charm and eventually end up as shitcoins except top altcoins. Guess what, I was wrong just like whole bunch of people who assumed it because if we go back and look at last 20 month's performance of altcoins and bitcoin both have performed really well but we are just short sighted who once looks for few week's data and concludes our research.

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

For people who had been here on this market then will really see this scenario as an ordinary one.It isnt always for altcoins to be on increase when bitcoins price tends to cling up.
Most of the time top altcoins do really come along with it and below those will not be having any significant movement or just simply being in reds which to presume that people are
switching up their ports from low cap coins into either top altcoins or on bitcoin itselt so its not really surprising for this thing to happen. Altcoin still feasible? Even if i do say no, there
would be still people whom do consider this kind of option.It isnt dead yet since there are still projects which can really be potentially pumped and you make tons of profits
with it but finding the best one will already be the hardest task to be done.

some alts still do have potential especially those are dedicating their platform to specific use case. but most of them are just like fly-by-night alts. they come and go without really influencing the crypto market.
but for alts backed by real companies, they have the chance to thrive as they are trying to deploy it within their operations. if they are successful, they can sustain the existence of their currency, but if not, just another forgotten one in crypto history.
lets take for example monero, they are known to take care the privacy aspect. so they can survive for long because they have solid community supporting their platform. but we dont how much they will increase in the next coming years. we just know that they will not disappear anytime soon. maybe holders can profit in the near future but no one can tell how much?

[Fortify]

There is bound to be a small correlation between the price of bitcoin going up and other cryptocurrencies moving. When bitcoin gets popular, there will be a certain group of people who feel the hype but look for alternatives which they think can compete. There are a few standouts - like Ethereum, Litecoin, etc. which were created a long time ago and have built up a user base. In reality however, bitcoin seems to be in a league of its own and in has been able to implement unique benefits that have been showcased by other cryptocurrencies (which made the others redundant). Other cryptocurrencies seem to get more diluted day by day, making it hard to pick winners - I'd just stay away from them entirely, short term trading is too volatile and you're bound to make losses/get stuck with a crappy coin eventually.

[carter34]

I feel altcoins are just waiting to break out and reach the peak in short span of time,

That is also what it can be. We are not experiencing altcoin bull yet maybe because the time is not here for it to happen. We need to know too that altcoin bull doesn't mean bull for shitcoins too. We expect value coins to bull just like etheruem did in 2017 bull .

[suzanne5223]

It reasonable that when the cryptocurrency market is only bullish on Bitcoin while the altcoins market is not included people will have different thought but this have been the situation of crypto market whenever the market is preparing for totally bullish trend especially when new ATH will be set. However, this doesn't mean some altcoins wont lost there charm and later endup as shitcoin this is the reason why it important for every crypto investors to know about choosing the right coins.

[hulla]

Altcoin is likely to lose its glamour but not all altcoin will be obsolete and this is the moment i love to see in the cryptocurrency market because the fake altcoins will quench off the market while only the good project will exist. However, this is also the moment of rosy for exprienced investors and moment of huge lost for naive investors.

I feel altcoins are just waiting to break out and reach the peak in shexperienced, what's your vmomentsindly shalossour opinions.

Altcoins will reach the peak but some altcoins will vanish before the bullish happen and the CMC rank either will be claim by another project while some uprank.

[maxreish]

Recent altcoins performanced together with bitcoin leads to many conclusions that altcoin season has just arrived. But just as we thought that they are, most of them suddenly dumps too. They've showed good momentum and made a good consolidation but not that long as they have been interrupted by btc dominance strength.

[Wind_FURY]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

It's the best decision to HODL the best performer in my opinion. That's Bitcoin.

[gantez]

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

It's the best decision to HODL the best performer in my opinion. That's Bitcoin.

This is expected because bitcoin is the leading in cryptocurrency and in rating, all fall to bitcoin even to level in cryptocurrency market index. This is going to continue for long time more as far blockchain is concern. But I notice that the drop is slower like you are noticing. It rises faster but drops small. Is good for holding and can have increase more.

[Wysi]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

It's the best decision to HODL the best performer in my opinion. That's Bitcoin.

I agree, this is the only possible way to stay upto date and profitable as it doesn't make sense to HODL all the altcoins which is yet to show an uptrend, but we can quickly reinvest in altcoins once it shows a sign of improvement and by this way we can see profits through Bitcoin as well as altcoin. But we need to be very very careful while dealing in altcoins because things can go other way around pretty quickly and it's hard to recover unline bitcoin.

[dunfida]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

It's the best decision to HODL the best performer in my opinion. That's Bitcoin.

It had been told for how many times but there are people whom are really fan on stashing out some altcoin into their portfolio and hoping that
it would really be bringing some good fortune to them.

There are lots of situations where we do presumpt that alt is losing its charm but actually this had been always the scenario when theres
shift in the market its either bitcoin gaining momentum and alts is on deep reds.Its just a matter of demand in most cases and for us traders
or investors then we should be wise on making out decisions.

[exstasie]

I feel altcoins are just waiting to break out and reach the peak in short span of time, what's your view? Kindly share your opinions.

BUT, Bitcoin has been surging faster than altcoins in fiat terms, and crashing slower. HODLing altcoins/shitcoins actually loses you Bitcoins.

Altcoins aren't for HODLing. They're for flipping. It's all about timing.

When major long term resistance (like the June 2019 highs in the $13,800s) break, that usually sends everyone piling back into Bitcoin, and out of altcoins. This feels like one of those times where altcoins will stagnate and fall against BTC, while BTC surges against USD. If true, then I would look for that dynamic to reverse when BTC has a major mid-term price correction, similar to March 2017. That's when the Ethereum/token bubble really went nuts.

[STT]

The largest practical argument for alt coins in relation to BTC is from elevated transaction fees, the majority of people on this earth and in crypto are quite modest in their capital and in their transaction size so fees rising has a disproportionate effect on some.    The smallest entities in any economy are important, I'd argue they are the backbone to proper growth but anyhow what seems a small cost is a discouragement from using BTC and a diversion to alt coins.  Gold silver and copper some might say, they move in relation when monetised and while the dollar remains weak alt coins are quite usable.

[Distinctin]

In the situation that Bitcoin transaction fees so high make people decide to convert into altcoins, now they are saving some BTC's. Altcoins has a better position this time as no changes happen, I expected more Bitcoin holders will leave bitcoin if there are no changes with fees and a big opportunity for altcoins to rise which possibly also a reason that Bitcoin will dump its value.
Just like what @STT been said, it is a little bit discouraging and has a reason for more investors to leave Bitcoin for good. They are more likely to invest altcoins or in the stock market.