Is this a bad time for altcoins?

[livingfree]

I can say that the current market is like hype. with the hype in a project and the rising price, most people don't care whether there is a use case or not, but just profit; this is the reason why most shitcoins pump more than most legit coins. That is, legitimate coins take their time to offer something meaningful that will last.

I agree about hype.

There are various coins that are made through hype and had an increase due to it. But as long as you know how to take it and make money from that hype.

It's a good time for you to buy that coin as long as you know or have an idea if the hype is about to end or not.

[BuNga_cute]

~

Losses for those who are looking for it as a long-term investment.
Profit for those who are along the waves of the pump and dump. It is a simple game for them and that's it.
Many altcoins are shitcoins in the end regardless of how good your research skills are.

I admit that most altcoins are shitcoins, so it is very risky to invest long-term in altcoins. So it is very simple to make profit from altcoins,
we really have to enter and exit at the right time. To be able to do that, we must have good experience and research skills. So it could be
in the current market conditions we get profit as long as we are able to do research and analysis properly.

[sumant]

Someone may be in a huge profit in 2017 when any altocoins has gone 100 to 1000x but now at present time it is very difficult to know what is going to happen with altocoins. In cryptocurrencies anything can happen at anytime. Increasing crypto on daily basis might put you in big loss so it is very important to search about potential project and  then invest in that altocoins.

[freedomgo]

Someone may be in a huge profit in 2017 when any altocoins has gone 100 to 1000x but now at present time it is very difficult to know what is going to happen with altocoins. In cryptocurrencies anything can happen at anytime. Increasing crypto on daily basis might put you in big loss so it is very important to search about potential project and  then invest in that altocoins.

If you are paying attention during the altcoins run this year, you'll not miss the opportunity to see some coins that increase x10 to x100, and for me, that's already a huge one and it could result in a bigger profit if you buy them at a very cheap price. We can't compare the price increase in 2017 as the market is getting bigger now and people gets wiser, but you can still see the effect of the bull run.

[sherenikaw]

It's true that there are some coins that are good but not well known, one of the reasons may be because they don't get much support so the coins can't grow fast. Unlike coins that are not good, but if they get a lot of support, especially from big people, it will certainly be good in the market. So it must be smart in choosing coins to invest, lest we choose coins with bad prospects that will harm us.

[BitTraderCute]

It's true that there are some coins that are good but not well known, one of the reasons may be because they don't get much support so the coins can't grow fast. Unlike coins that are not good, but if they get a lot of support, especially from big people, it will certainly be good in the market. So it must be smart in choosing coins to invest, lest we choose coins with bad prospects that will harm us.

support will come after their developer team could build good project with usecase in cryptocurrency ecosystem. when deliver their product running well, marketing will be second duty to promote their project. support will come from everywhere if dev team could do the best effort .

[iged_war]

See what you mean. If for growth, then yes, now is not the best time, the market situation is too incomprehensible and it makes sense to wait a while if you want to invest in altcoins.
The market is in a flat and it is not known how long all this will last, in view of this, it makes sense to wait and not rush.

safe our money is more important than investing in uncertain condition like this. bitcoin or altcoin price easy to dump or pump due some reason , with current volatility losing our money will be easy thing now. maybe waiting we have clear direction will be wise decision ever.

[kak uli]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

it is possible that the developer has made any efforts, but to increase the price of the altcoin he is developing not now but in the coming months. because I have noticed so far, many altcoins when have a good price or go higher according to time like movements in past years. therefore I think the increase and increase in the price of an altcoin that has real utility or good atcoin is like it has been set by a community

[TWW]

we will not know for sure the market is in good or bad condition to buy altcoins. because the market also seems to be experiencing fairly good growth.
I think more and more people understand and believe in the crypto market. even though it is already in a sizeable dump the market is still able to survive and start growing slowly.
if you want to buy altcoins, I think it would be better to focus on some of the top market altcoins and that is in a short investment time. although it looks strong, the dump shadow is still very strong compared to the hope of getting the bulls back.

[tersek]

Because nowadays most crypto investors prefer to follow influencers or supporters rather than invest in potential coins. So don't be surprised if there are a lot of junk coins nowadays whose prices are skyrocketing.

[criket]

yes, times like now is the right time to invest in altcoins that have the lowest prices. therefore in my opinion every time like now is the best time for investors.

the difficult thing is to determine the lowest price momentum. to be honest no one can do all that properly.
all this time we have to do is believe in the investment planning that we do. Don't be too greedy or rely on people's words. do everything to the best of your ability. buy or sell at any price as long as it is following your plans will definitely give you satisfaction.

[Tervelatuk]

I can say that the current market is like hype. with the hype in a project and the rising price, most people don't care whether there is a use case or not, but just profit; this is the reason why most shitcoins pump more than most legit coins. That is, legitimate coins take their time to offer something meaningful that will last.

I agree about hype.

There are various coins that are made through hype and had an increase due to it. But as long as you know how to take it and make money from that hype.

It's a good time for you to buy that coin as long as you know or have an idea if the hype is about to end or not.

investinn in hype project only could survive in weeks count, this is the main strategy to attract investors or traders. usecase and utility must be the first thing , and ignore about HYPE that start spreaded in market. Some project prefer to pay influencer to promote the project , and unfortunaly we trapped this condition

[Samurai trieng]

Right now it's a very difficult time for altcoins and even BTC is in the red, I see no sign of the Crypto market getting any better, and this makes everyone has involved in crypto feel worried, hopefully things stabilize quickly so cryptocurrencies are excited  back, and don't make crypto users panic excessively,

[DOH!]

Bitcoin has yet to break out of the FUD, not many catalysts that can drive volume and gravity. This causes stagnation for the entire market. In June, we had the lowest overall market volume this year. This causes some concern for altcoins as a whole. Only if bitcoin can pull the anchor, that's all. I think the altcoin dip period when bitcoin is flat will continue.

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

The coin meme is only pumped by hype, pure. What you believe in, take it. Doge/Shiba will soon come to an end.

[tabas]

the market is in quite a worrying condition, because the bear market continues, of course this is a bad time for all altcoins, so I hope the bull market will coming back soon

I don't see that there's a need to worry about the current market condition. In fact, you should be happy and excited with what it is showing. The stableness that it has been for the past weeks can likely show that it's going to have its rise soon.
The bear market doesn't really look like the bear market as everyone is describing it. Look back a year ago, and you'll realize that it's not really bearish.

[Ozero]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

This is your personal opinion and it may not coincide with the opinions of others. There are now also enough good new projects that are doing well in this market. It's just that we notice more meme coins, for which a large advertising campaign has been launched. At all times there have been and will be both promising and useless projects. As a result, the market will put everything in its place, you don't have to worry about it.

[viananda2525]

Meme coins only increase at one time so traders use them for short term profit, they only take immediate profits if they don't want to lose but for legit coins it will increase slowly and well hold it in long term. Basically, legitimate coins will provide high movements even though you have to patiently wait for the price to increase.

Meme coins only used as short term speculation only by traders, pump and dump coins sometimes needed by traders to increase their balance faster if they have to wait in project with organic growth. As traders , alot of coins need long time to really give huge profits  to us and some of us not patient to face it and finally decided to invest in pump and dump coins.

[Devifajarina]

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Obviously, legitimate and real coins are usually easy to access in the market, they cost a lot of money to perfect everything, meaning it's impossible for them to do something without careful consideration. when people's trust is set perfectly then the chance for the coin to perfect itself is definitely much higher.
while coin memes are easy for us to access in the market, but for us to analyze coins like this further it is more difficult, considering that simple things don't necessarily sell and are given the trust of buyers, we sometimes worry that cheap coins like memes need a long period of time to invest, not to mention that our investment reaps the maximum results

[distr@yopmail.com]

Meme coins only increase at one time so traders use them for short term profit, they only take immediate profits if they don't want to lose but for legit coins it will increase slowly and well hold it in long term. Basically, legitimate coins will provide high movements even though you have to patiently wait for the price to increase.

Meme coins only used as short term speculation only by traders, pump and dump coins sometimes needed by traders to increase their balance faster if they have to wait in project with organic growth. As traders , alot of coins need long time to really give huge profits  to us and some of us not patient to face it and finally decided to invest in pump and dump coins.

that's what professional traders do. so are shrewd investors.
the hype ensues and then you will see the dump very quickly. it usually happens because the game is designed very quickly. and those who can't keep up will get a trap.
if this kind of situation keeps happening and more happens. this could be bad for crypto market conditions due to declining trust and adoption rates.

[777Jolami]

the market is in quite a worrying condition, because the bear market continues, of course this is a bad time for all altcoins, so I hope the bull market will coming back soon

I think this July will be very challenging for BTC, the current trend looks really bad as the mind of the market will be on the countdown until the Grayscale fund (GBTC) is unlocked.

Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?

Although, meme coin has no greater utility than itself, but no one can deny, meme coin (Doge) has a really strong community, the effect is terrible.  I know that it's overvalued and exaggerated fomo with Elon, but really, the coin meme community has created tremendous traction.  That is the reason that Doge gradually overflowed to 100 billion market capitalization.( Mar)