REASON WHY ALTCOIN MARKET HARD TO SPECULATE

[South Park]

If you keep an eye on many altcoins, it can leave you confused about when to trade.
Nowadays, altcoins are becoming more difficult to predict or analyze because they follow the movement of bitcoin, which is also difficult to analyze.
The number of new altcoins appearing on the market is one of the factors that trigger difficulties in speculating which altcoins have good movements and can go up and down as we want.
Traders and investors always want altcoins that have good movement in the market. Still, it is hard to come by because if the movement of bitcoin is unstable, this also makes the altcoin position unstable.
And that means altcoins will be more difficult to analyze but we can still buy and hold altcoins for a while and wait for the price to rise so we can sell them for profit.

Trying to trade too many markets is a classic mistake of newbies, by doing that you are spreading your resources to the limit without really obtaining any kind of benefit out of it, it is better to concentrate at first just in bitcoin, and then once you have proven to yourself you can obtain some profits with it then you could move to altcoins like ethereum, and once you prove your worth there are as well then you could move to more risky altcoins, but of course this process is too slow for newbies and only a minority does something like this.

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[Chato1977]

Because altcoin world is too large comparing to single currency on top BITCOIN, how can you speculate a thousand currencies when bitcoin is just there always to show what is the movement in front of us.

Bitcoin is still a coin that cannot be beaten by many altcoins now because what is seen in the market is very accurate evidence that when Bitcoin starts to move up, the altcoins follow it and vice versa, so obviously altcoins will not be able to beat Bitcoin if the movement path is still like that

I think there are no one who mentioned that bitcoin can be beaten by altcoin because what we are talking here is speculative only meaning for altcoins and not concerning what would be for bitcoin.

Yes you are right hard it been I was opportune to know about this forum way back in 2015 I will have indeed be in a better position by now, but that notwithstanding I still consider myself to be among the early bird in this forum as many other cryptocurrency enthusiasts are not yet aware of the existence of this forum and in the next couple of years from now I will attain that rank I don't know how but am certain I will rank up some days.

Your enthusiasm seems to be very high for now, especially with the many experiences in the past, it is certain that there will be the best path that you can take from now on.
I'm sure you will be able to and can live it over time and one more thing I apologize for the misunderstanding in your previous comment.

it is nice seeing good posters accepting their mistakes , and being corrected is a big help

[Bitstar_coin]

This is based on personal observation and studies of the altcoin market of a period of 2017/22
Altcoins are said to be the alternative cryptocurrency aside from Bitcoin and many of the altcoins are decentralized and also centralized, unlike Bitcoin which is highly decentralized and out of the control of anyone be it the developer or government Bitcoin has a total circulating supply. But Altcoin is developed by individuals e.g Vitalik Buterin Ethereum developer and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.

First of all, btc was created by humans too (person or people) just because they are anonymous does not erase that fact. btc is completely decentralized but a good portion is in the hands of whales who can also influence the price in some ways.
Alts are mostly pegged  to btc and whatever is happening with btc price will also affects price of alts, and don't forget unlike btc with multiple use case, most alts don't have utility, thus, speculating about the price of alts depends on how btc perform.

[Republikcoin.com]

Thanks for your comments and also your views, am very happy we are here now and will keep learning to improve our well being, information is power most especially in the cryptocurrency world. Altcoin market has been the most volatile since its boom in 2017 ever since the ico era many projects have come some maintained a long period of their presence in the market others gets dumped quickly. This has made speculation of the altcoin market difficult.

Now things have almost changed with the many new concepts that have been introduced into the crypto space. So that concepts like ICO no longer exist in the new campaign and the team has changed and replaced it for a better one like the current IDO.
In 2017 there were indeed many unique events that could serve as the experience of everyone who had been in crypto at that time.

[super bako]

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Well, I think that most of these altcoins are easy to manipulate due to the hype of someone who's much more influential than normal people. We've seen Elon Musk as one of example who do hype the altcoins by investing on it but we never know when he would take those investment back just like what he did to Bitcoin a few years ago.

And most of the time Bitcoin price movement influence the flow of most altcoins.

Elon Musk's twetts are still altcoins today, and a lot of people are waiting for Elon Musk's twetts to throw a tantrum again. The hype of a billionaire is so amazing that it can attract a lot of people and I hope you stay careful and there are always risks along the way.

[newdevices]

Theory developed extremely wild and made the market free for all. this is one type of hypothesis that creates in altcoins. or on the other hand there is likewise hypothesis connected with image coin. numerous shitcoins are named the following doge or shiba. We have seen what happens to certain coins or tokens where once a dev or group or force to be reckoned with reports something, the cost for that coin or token begins to move.

Well, I think that most of these altcoins are easy to manipulate due to the hype of someone who's much more influential than normal people. We've seen Elon Musk as one of example who do hype the altcoins by investing on it but we never know when he would take those investment back just like what he did to Bitcoin a few years ago.

And most of the time Bitcoin price movement influence the flow of most altcoins.

Elon Musk's twetts are still altcoins today, and a lot of people are waiting for Elon Musk's twetts to throw a tantrum again. The hype of a billionaire is so amazing that it can attract a lot of people and I hope you stay careful and there are always risks along the way.

The impact is indeed extraordinary from Elon Musk's tweet which happened when Elon Musk posted a tweet about Dogecoin,
At that time the price immediately experienced a tremendous increase,
but for now in this way it still works and the most important thing is that what you say is true, stay careful

[Gozie51]

and teams members who are known in the society and the source codes of the coin can easily be updated which have made them not to have a static circulating which is has been the major reason why the altcoin market is hard to speculate because it circulating supply can easily be tempered more coin being minted at will which will render speculators analysis inaccurate in most cases.

Is this saying that bitcoin is able to be speculated? Because the total supply is known and can not be manipulated also ?
I don't think that bitcoin is able to be speculated.

However the reason for altcoins not be able to be speculated is obviously. Apart that most don't have certain supply, they are centralized and control by developers not even team e.g ripple.

[lixer]

Now things have almost changed with the many new concepts that have been introduced into the crypto space. So that concepts like ICO no longer exist in the new campaign and the team has changed and replaced it for a better one like the current IDO.
In 2017 there were indeed many unique events that could serve as the experience of everyone who had been in crypto at that time.

It is not really that much "changed", the idea is the same, you pay some people to buy their project from them and they make money and you hope that you will get some profit out of that while they are guaranteed to make money, and you hope that they will use that money to make the project better.

There is zero decentralization, they just give you something and you look up to them to make something with that money. Did we pay satoshi to do bitcoin? Did we pay eth? We just let them happen and they grew organically, same with ltc, or monero or any of the old ones. To this day all the new projects asks you to give them money and that is the biggest problem.

[ajochems]

The idea was not cahnged, some new beginners was scammed by fake project. Only thing to escape from this is background verification of the people involved in the project.If you find the profile added was a scammer or fake person.The it was obvious the project also the scam one.When you find the scam project, then your money is safe and you can inverse on any of good project and hold for long to get a profit.

[Irazzzta]

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

The losers are those who buy late and are late in taking advantage of a good moment so there will be no profit at all for them even if they buy in large quantities, but different things might happen when people take advantage of that moment at first, because they have already clearly benefited when the price increased.

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

[redsun114]

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

Unfortunately there are too many people who invest into something just because Elon said so. This is a bad move and should not happen and I condone it but it is the reality. Some people know what you are saying, they know that it will skyrocket because of the pump, and then it will go down and that is how you will lose your money but at the end of the day we are talking about a situation where he will be pumping no matter what.

So, what do people do? They know it is a fake pump, they know it will go down, and even with all those information they get in so that they could ride the pump and then dump it on people and get out before it's too late. Some do it greatly and make a profit, some lose a lot of money.

[sana54210]

The losers are those who buy late and are late in taking advantage of a good moment so there will be no profit at all for them even if they buy in large quantities, but different things might happen when people take advantage of that moment at first, because they have already clearly benefited when the price increased.

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

Unfortunately there are way too many people who think that they could end up buying when the price starts to go up and they are usually late. If it goes from 38k to 70k then yes, you could buy at 42k and make a lot of profit from that and the idea stands. However, if it goes between 38 to 42 and goes back to 38 and repeat that, then when they see it going up and buy at 42, it is already too late because it is about to go down.

Plenty of people lost money during this period doing these type of deals. I do not believe that we should be buying when the price is going up, we should buy it when it is going down so that we could make a lot more profit when it starts to go up.

[South Park]

When we see a tweet from Elon Musk, we don't think twice about making a decision to buy because we will eventually lose and regret it.
because sooner or later the coin written in Elon Musk's tweet will skyrocket just like at that time it was Dogecoin,
besides that we also have to sell it quickly when we feel we have made a profit and don't hold it in the long term

Unfortunately there are too many people who invest into something just because Elon said so. This is a bad move and should not happen and I condone it but it is the reality. Some people know what you are saying, they know that it will skyrocket because of the pump, and then it will go down and that is how you will lose your money but at the end of the day we are talking about a situation where he will be pumping no matter what.

So, what do people do? They know it is a fake pump, they know it will go down, and even with all those information they get in so that they could ride the pump and then dump it on people and get out before it's too late. Some do it greatly and make a profit, some lose a lot of money.

In my opinion this is an unforgivable mistake, after all I can understand that if a person does not know any better they may try to do something like this to try to earn money in the markets, but those that know what is going and still decide to invest in a coin just because Elon posted a tweet are committing an incredibly mistake, after all even if you know what is going on that does not mean that you will obtain profits, in a way this is similar to those people that know they are investing in a Ponzi scheme but they still do it with the hopes of doing so early enough and being able to obtain profits that way.

[Xal0lex]

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins. Also, almost all altcoins do not work well as a long-term investment because they depend on cryptocurrency hype. It's no secret that many altcoins are created solely for developers to make money from the hype. Altcoins do not have strong supports and can fall indefinitely, up to extreme lows, especially various shitcoins.

Based on all of this, we can say that the entire altcoin industry was created solely for speculation.

[lalabotax]

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

[Oilacris]

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

[ivankoh]

Altcoins are also largely decentralized across multiple categories, the main blockchain on the ecosystem, and the derivative altcoins that are born on top of them.  Most altcoins these days are actively oriented by the DAO standard and completely decentralized, this is not the next trend to quantify altcoin appeal but it makes a difference because if one  something is created and you are part of the full development of the project.  Independent and cannot be interfered with in any way.  I think that is the future behind the altcoin market. I think that's how altcoins can sustainably grow.

[Xal0lex]

Altcoins are highly centralized because they are often controlled by a group of developers, so there is a lot of scam among altcoins.

Yes, controlling by a group of developers makes altcoins to be easy decreasing or increasing. Those developers who have most the tokens often manipulate the prices of the tokens on the market. Sometimes, some tokens end with scams issue, and some tokens contantly drop their prices after a series of pump made by the developers.

It's no secret that many altcoins are created solely for developers to make money from the hype.

Indeed. Some developers only want money, they do all efforts when it is in selling phase. Some projects even create a certain group named member armies, who have the goal to make the hype. The developers expect to sell all their tokens and collect huge money. Then, they aren't active anymore when they have succeed earning big money, they don't care about the project future.

90% of these projects doesnt able to materialize into those things that they had promised out when they are still on presale or initial state which is in the reality and most of them do fail to deliver

on what their investors had believed on them and just because they've been hooked into those promises then in later months or years then you would see the true motive of these developers/owners.

It do sucks when your investment is on that stagnant side and comes worst it do dumps or dies into the floor without even getting a portion of your investment.

Investing in altcoins that have already come out is a risk because you can buy an altcoin at a higher price and when a massive market correction happens, you can stay in unprofitable coins for a long time. And investing in young projects is a risk that you will lose your entire investment altogether because the developers decided not to keep their promises and not to follow the roadmap.

I like how there is a new scheme for young projects lately, where investments raised for the team are locked and unlocked in part as they deliver on promises and meet the roadmap. The project won't be able to take all the money raised and run away at once.

[wmaurik]

I think the key in trading is analyzing the trend, here Elon Musk is very smart to use his popularity to bring out the FOMO effect to people. his personal speculation triggers the psychological effect of many people to follow the trend, but do not pay attention to the momentum of the FOMO effect so that they fall behind and suffer losses. When you experience a loss, it's better to hold the asset you have bought until the price trend raise.

Holding the asset and waiting for the price trend to rise again is the last resort and it definitely requires more time and patience with it.
Because the FOMO effect should always be taken advantage of from the start because it always doesn't last long in the market because declines and increases are always closer to happening in the market.

[henmark]

Altcoins are also largely decentralized across multiple categories, the main blockchain on the ecosystem, and the derivative altcoins that are born on top of them.  Most altcoins these days are actively oriented by the DAO standard and completely decentralized, this is not the next trend to quantify altcoin appeal but it makes a difference because if one  something is created and you are part of the full development of the project.  Independent and cannot be interfered with in any way.  I think that is the future behind the altcoin market. I think that's how altcoins can sustainably grow.

To be honest I like the idea of this DAO because users have the right to vote, they are in control of the coin and not mostly its founders. We are sure that less manipulations are going to occur and this makes the coin easy to speculate.

We have several DAO coins but their growth is still the same, it's not sustainable because there are times that their value can dump just like a typical crypto. So, making use of this trend only for time being may help and then we need to switch over to a new trend. This is how the entire altcoin industry is working.

@OP the altcoin market doesn't revolve around eth but they are all separated because not all alts are centralized. If we think eth is hard to speculate and centralize then we should avoid this coin but we should go on the altcoin that is more easier to speculate and more decentralize if that's the way to make more profits.