How do you feel about altcoin long-term performance?

[hatshepsut93]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

[HodlerKing101]

I won't even be that worried for those top coins, we know that once BTC slows down, that's when these altcoins will start to rise up. I have a feeling that especially ETH will start pumping next.

Regarding long-term performance, you can see from coins that are doing continuous progress despite being the space for so very long. Everyone thought that ETH will pump up after the ETH 2.0 launch but it didn't, you just have to be patient, similar to coins that are doing the same thing (continuously making progress) like NAV. It's currently at 500th on CMC but you can see it slowly getting back up and getting on in the front seat from their AMA with Binance.

[tbct_mt2]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

Bitcoin dominates the marketcap and capital flow on the market. Bitcoin has better long-term performance than altcoins but if shit DeFi tokens can get much hype in this year, I expect to see top altcoins climb to their all time highs again. Break through all time highs and set up new records will be crazy. I think altcoins can do it next year.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

You are right as they can climb to all time highs in USDT along with a ride from BTC, but in their BTC values I am not sure. If top altcoins reach their all time highs in 2018 with BTC values, it will mean their USDT values might hit a new all time highs, and they are double of 2018 values.

[Claudio99]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Don't worry yourself, bitcoin isn't done yet that's why all altcoins are still not pumping big like they did in 2018, bitcoin have to get done before shifting the power to altcoins, all what's happening presently is simply opportunities to buy more altcoins, once bitcoin is done altcoin season will begin, the dominance is still very high so it might take longer before bitcoin runs out of power

[CryptoLing]

Eventually altcoins will keep up to Bitcoin, especially in the top 100.
Personally I will trade altcoin JUST to earn more Bitcoin. For long term, I'm just holding Bitcoin and Ethereum

[livingfree]

Only a very few alt would perform with bitcoin's dominance. Ethereum, for me, is quite good this time. The price it has been with before is too low and seeing it $600 would make me feel confident about it. Investing on bitcoin first is the safest option and the next option if one wants to invest in altcoins would be the choice of Ethereum.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

I agree on this. For most altcoins, invested is about to lose that's why bitcoin is the safe haven for investing in crypto.

[husdemba]

It is obvious that the most secure investment is Bitcoin. Even today, most of the altcoins are on the decline while Bitcoin is up a little. Maybe very few altcoins will be valuable in the future, but Bitcoin will always be the most preferred coin.

[Phoenix_PROG]

Let's for once stop comparing 2020 bullrun with that of 2017 because they are very different, the triggered the bullrun in 2017 is different to what triggered this year bullrun, don't expect them to perform the exact same way, altcoin season will come for sure but probably not this year anymore because bitcoin is still very bullish, no altcoin season if Bitcoin is still going up

[Phoenix_PROG]

The truth is altcoins aren't good for a very long term hold, you can easily figure this out looking at what happened to every good projects in 2017 compared to today's market value, the opportunities surrounding altcoins aren't that for long time, bitcoin stands apart from other altcoins clearly

[Psynthax]

I mean it's not fair to compare the ATH between bitcoin and alts while they all have their own cycle.
But, if we are talking about its long term prospect since the alts was released more specifically the major coins it's already satisfying enough.

The dilemma of holding alts for long term is that it can be crushed anytime bitcoin make a move which is kinda bafd.

[Kupid002]

Don't compare it how it lose in USD value or in BTC value. It always depend how much you enter in that currency for example if you bought ethereum in early this year which is around 100$ you already earn almost 500% of your investment. You calculate it only base on  its ATH but you never see how profitable altcoin will be if you can entry in the right price.  Buying altcoin on  its ATH is very very wrong decision and too risky.

[Review Master]

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Agree for not to keep a long term hodling when it's about alts. But we might be see a new ATH( on USD pair) for all top alts whenever the alt season is going to be started. But i personally don't think that alts will be able to surpass the previous ATH on BTC pair as we don't know what will be the upcoming new ATH for bitcoin. Basically, everything is unpredictable and hoping for a new ATH for all of those altcoins.

[so98nn]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

Actually this is very good analysis based on the data present from past. It's really thinkable I mean, all the top altcoins including ether itself is swimming around the bottom. The year 2017 was something when all of them shown us how far they could go but sadly they have not kept their promises this year although BTC hiked way too much.

It is clear case that popularity is must factor for investors to invest into them. Bitcoin is like center point of crypto currency so it's user base will never go down. In fact people tend to sell their altcoins for BTC when the later one is out performing.

[sangkler11]

Bitcoin is already 20% higher than it's previous ATH: $20,000 -> $24,000

Ethereum is 2 times lower than its ATH in USD and more than 4 times lower than its BTC ATH. Bcash used to cost a whopping $12,000 at one moment, now it costs $300. XRP went from $3 to $0.6

And these are top coins, so I'm not even going to start recounting how many coins went to zero in the last few years.

It's pretty clear that holding any altcoin for years will lose your money, either by losing compared to BTC, or by straight up losing USD value.

be patient, holding altcoins for a long term is very risky, as we can see now the Bitcoin price has started to recover, even broke the all time high before, now we are just waiting for the altcoin season like last 2017. I'm sure it will come

[hatshepsut93]

be patient, holding altcoins for a long term is very risky, as we can see now the Bitcoin price has started to recover, even broke the all time high before, now we are just waiting for the altcoin season like last 2017. I'm sure it will come

2017 altcoin bull run happened because of ICO and blockchain hype. Now Bitcoin is rising because of institutional investors, and this isn't going to transfer to altcoins, because they don't view shitcoins as digital gold. They also aren't interested in DeFi, because it would be stupid for them to switch to unregulated platforms with no investor protection that are prone to bugs and hacks. Altcoin season was a one-time thing, hoping for return means just suffering more and more losses.

[Rodeo02]

It is obvious that the most secure investment is Bitcoin. Even today, most of the altcoins are on the decline while Bitcoin is up a little. Maybe very few altcoins will be valuable in the future, but Bitcoin will always be the most preferred coin.

I think that altcoin must be usefull in future but not to copy the most successful projects.
For example, now some ecological projects appear that using altcoins help to protect the planet from pollution.
Here information about this - https://moss.earth/blog.
An the demand in such tokens will only grow because Earth needs more protection with every year.

If they want to protect the planet you don't need to create a token just for that goal you can do it even without the need of others peoples funds or without the need of a project. Not sure why you mention that project here, the demand of any tokens will decrease as long as there is no demand or use cases in that particular tokens . You can only see successful tokens if the developers is really working hard for it's creation .

[Mighty_crypt]

The success of a new project is all in the hands of the team, how hardworking and determined the team are is what will create success for the project, most new projects now are not reliable, very few have dedicated teams, to find out which altcoins is good for long term holding first make sure the team behind the project are real blockchain experts

[Anonylz]

The truth is altcoins aren't good for a very long term hold, you can easily figure this out looking at what happened to every good projects in 2017 compared to today's market value, the opportunities surrounding altcoins aren't that for long time, bitcoin stands apart from other altcoins clearly

Perhaps you mean some alts, to me long term means from the very first moment a project is launched and not just ATH period, it is true some of the top alts are far from their previous ATH but it doesn't discredit their performance for long term,
If i were to be holding eth since from ico period till now believe me I won't worry about ATH neither will I assume the project haven't perform long term because that will be misleading.

[meanwords]

It kinda suck that if you look that way but if you look at the start of this year, ETH had an initial price of $130 but look at the price right now, almost like 6x gained compared to Bitcoin. A year for me is considered long-term considering how volatile and fast the market in crypto is.

Anyway, that's only the case for the altcoins you've mentioned or altcoin who have been around for a very long time. Still, the price still depends on how the demand on the project is which is why some altcoins, even reputable ones, are dumping. Nonetheless, there were a lot of altcoins out there that gain more than Bitcoin or even more than ETH at the start of this year.

[CryptoLogo]

I agree with you. Altcoins do not represent significant value in the market without bitcoin, so over the past few years, their value has decreased dramatically.
And this is not surprising, many altcoin holders waited too long without any changes, coin prices fell by 99%, and grew slowly. The only thing that can bring significant profit in the hold is bitcoin.