REASON WHY ALTCOIN MARKET HARD TO SPECULATE

[monineklutak]

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.

when the market is bearish the altcoin that you hold will be in vain, because the altcoin will also experience a continuous decline,
this you can see in history a few years ago when the price of Bitcoin was bearish, it was unavoidable,

because the price of altcoins followed the price of Bitcoin, Bitcoin goes up then Altcoins will be safe,
if Bitcoin goes down Altcoins will also dump

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[feelideb]

Altcoin market as whole is gaining a lots of traction and improvement and development are more rapid in altcoin. Despite these development, altcoin is still largely reliant on the price of bitcoin. Altcoin has come so far with ethereum leading as of one the best altcoin. Speculating altcoin may not as difficult as they tend to move in a pattern that is easy to speculate on.

[ningrum]

Altcoin market as whole is gaining a lots of traction and improvement and development are more rapid in altcoin. Despite these development, altcoin is still largely reliant on the price of bitcoin. Altcoin has come so far with ethereum leading as of one the best altcoin. Speculating altcoin may not as difficult as they tend to move in a pattern that is easy to speculate on.

That's right we can see that when the price of Bitcoin increases, the altcoins also experience the same thing,
even so not all altcoins but only a few like the top altcoins,
but what is clear if we look so far altcoins are really growing

[South Park]

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.

That is the sad truth about this market, people believe what the developers tell them about the prospects of their project and then they blindly invest in the project believing it is the next bitcoin or ethereum, but as months pass by they soon realize they made a mistake, but by the time they do so it is too late as most coins have a tendency to have a sharp drop in their price after they are released to the markets, now whether this happened because the developers were scammers or did not knew what they were doing does not really matter, because at the end the results that you will get will be the same.

[Odusko]

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.

That is the sad truth about this market, people believe what the developers tell them about the prospects of their project and then they blindly invest in the project believing it is the next bitcoin or ethereum, but as months pass by they soon realize they made a mistake, but by the time they do so it is too late as most coins have a tendency to have a sharp drop in their price after they are released to the markets, now whether this happened because the developers were scammers or did not knew what they were doing does not really matter, because at the end the results that you will get will be the same.

This is why altcoin is hard to speculate because the ethereum block chain give developers the control over everything and some of the team members will never go inline with their promises to investors or even follow the project road map. It is a sad situation that the scam that has happened in the altcoin market have no equal and is on a high note.

[Viscore]

Many of the altcoins are centralized and investors of it doesn't see that factor. Because, in most of the perspective of investors, they're just mere investors and doesn't have to be looking at the technical side of it so that doesn't really matter at all.

The one big reason why alt market is hard to speculate is it's prone to manipulation which is really happening at most times.

And definitely, the altcoin market is the favorite ground for scammers. This makes most of the altcoins are based on fuds and hypes. And since they can be easily manipulated with greedy and profit centered developers, altcoins are mostly low valued and eventually end up losing their value since there are no demands from the community.

[South Park]

Many of the altcoins are centralized and investors of it doesn't see that factor. Because, in most of the perspective of investors, they're just mere investors and doesn't have to be looking at the technical side of it so that doesn't really matter at all.

The one big reason why alt market is hard to speculate is it's prone to manipulation which is really happening at most times.

And definitely, the altcoin market is the favorite ground for scammers. This makes most of the altcoins are based on fuds and hypes. And since they can be easily manipulated with greedy and profit centered developers, altcoins are mostly low valued and eventually end up losing their value since there are no demands from the community.

Unfortunately what was supposed to be a testing ground for new features and see in practice if they worked or not and they could eventually be added to bitcoin was turned into the scammers paradise that we see today, however we need to also recognize that if it was not for the greedy people looking for easy profits such a thing would have ended a long time ago, but since people are still trying to look for a coin which gives them 100x profits then it does not seems as if we are ever going to see the end of it and scammers will keep dominating the altcoin market.

[Woodie]

Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

[Odusko]

Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

[Google+]

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

Speculation of altcoins is sometimes an uncertain thing so there is no need to fully believe it before a belief arises in one's heart because speculation only talks about things that have happened and are likely to happen again.
So the certainty and guarantee is also not in any speculation.

[Psynthax]

In my opinion when the volatility became the main reason why altcoin markets are very hard to speculate. The trend change can happen in short time and this is even making the bullish trend can sometime become bearish trend due to the various reason. people aware about how volatile the altcoins are. Some people are even only using TA to predict the direction of altcoins while the fact that all of things related with crypto are affecting the altcoins.
Just like when some altcoins became bullish but when bitcoin become bearish at the same time and this is making those altcoins become bearish instantly as people are feeling worry with the bearish trend

[Xal0lex]

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.

It is safe to say that 99% of altcoins are created for speculation and have only financial interest. A group of developers creates some project on a wave of hype, hoping to make quick money on the altcoin industry. That is why we see how altcoins rise in price very quickly (making x100-x1000) and also fall quickly. Sometimes after they fall, they don't grow anymore, as developers start to create a new project that meets new market interests. Let's say that altcoins are not good for long term investments, because they are centralized, prone to hacks, lose relevance, etc. Only a small percentage of altcoins have long-term goals.

[Lanatsa]

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.

It is safe to say that 99% of altcoins are created for speculation and have only financial interest. A group of developers creates some project on a wave of hype, hoping to make quick money on the altcoin industry. That is why we see how altcoins rise in price very quickly (making x100-x1000) and also fall quickly. Sometimes after they fall, they don't grow anymore, as developers start to create a new project that meets new market interests. Let's say that altcoins are not good for long term investments, because they are centralized, prone to hacks, lose relevance, etc. Only a small percentage of altcoins have long-term goals.

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

[||bit]

Actually bitcoin or crypto is not hard to learn,just your mind should be broad minded.Only convective will not accept the new technology.Because they will defend the old technology is best then new one.Even many people not brought of bitcoin at the beginning of launch.Only by this way,once the price increase to huge numbers.So accepting the new technology at the beginning,you will earn huge at end.

[sana54210]

Altcoins are not difficult to speculate about but what is difficult to do is going against how the market is generally behaving. If crypto markets are bearish, then it's hard to try and change this outlook by mere speculation as they are too many altcoins out there and they don't carry the same message to have a major impact as compared to bitcoin which speaks with one voice.

So what are the major criteria for altcoin speculation in your own opinion, because is because of the many diversity that is embodied in the altcoin market makes speculation ais lmost impossible. But if one can get a hand full of some altcoin then we can make it speculation easy but if it is on a general note it could be an impossible situation.

The reality is that if you are investing into stuff that are trustworthy and not scams then most of the time it goes up and down according to the market movements. Definitely there could be percentage difference when one goes up 10% other could go up 15% and that is the one you want to get, but the movement is same between them and the difference is minimal and not gigantic difference most of the time.

This is how people make their money by speculating altcoins, things that are legit and top ranked will move together and they buy whichever they think will go up the biggest. I do not know which one will be the highest earner but it just around the same anyway.

[Xal0lex]

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

It's not about predictions. Any crypto asset is very hard to predict because the crypto market is unpredictable and very shaky. Everything can be going well, but then one piece of news ruins everything. A prime example is May 2021, when China announced a ban on cryptocurrencies.

But that's not the point of my previous post. The point is that most altcoins are created simply to make a quick buck from the crowd, the hype, and the trends. All these altcoins have no other idea than to get rich quick and they don't solve any problems. Something similar is now happening in NFT. Most of these tokens are worth absolutely nothing (except for their minting value), but for some reason the owners of these NFTs value their tokens so highly.

[bocyaj]

Actually bitcoin or crypto is not hard to learn,just your mind should be broad minded.Only convective will not accept the new technology.Because they will defend the old technology is best then new one.Even many people not brought of bitcoin at the beginning of launch.Only by this way,once the price increase to huge numbers.So accepting the new technology at the beginning,you will earn huge at end.

If the Price of bitcoin was raised to 2000$,the increase in altcoin will be 10 dollars.When the pump occurs,their will be dump also.It’s like the Newton third law.So the dump of bitcoin with the price of 500$,but the reflection of the Altcoin will reduce 20 dollars.So the rise and fall in bitcoin is not huge and most the dump of the price.The price variation of the altcoin is huge in dump and pump.

[Odusko]

In short, it was never been easy to speculate altcoins since from the start and someone who do claim that they could predict on where the price would be going then its a pure scam or trolling.

We do have top ranks and we do have low caps which is something that we could involved with but of course the level of risk would totally be different on each coins you are dealing with.
This is part of the main risk that we would really be needing to face on if we do decide to deal with this crypto market.

It's not about predictions. Any crypto asset is very hard to predict because the crypto market is unpredictable and very shaky. Everything can be going well, but then one piece of news ruins everything. A prime example is May 2021, when China announced a ban on cryptocurrencies.

But that's not the point of my previous post. The point is that most altcoins are created simply to make a quick buck from the crowd, the hype, and the trends. All these altcoins have no other idea than to get rich quickly and they don't solve any problems. Something similar is now happening in NFT. Most of these tokens are worth absolutely nothing (except for their minting value), but for some reason, the owners of these NFTs value their tokens so highly.

You are right one can not identify the usage of most of the altcoins in the market today as most of them are created as a joke and yet made the developer huge money but the ultimate investors wallowing in waiting for when the price of those coins will rise to a new all-time high and the waiting have no timeline because the crypto market is a highly volatile one

[yhiaali3]

Unlike bitcoin, altcoin is not reliable, not because it is highly volatile, but because most altcoins do not have real projects or a team that takes care of the coin constantly. In addition, there are many of them scam, except for some coins that have proven their value and position in the market such as ethereum and bnb, also there are altcoins that can be mined and have A fixed number such as ETC, BTG, ZEC and many others that have maintained a good rank in the market, there is a great similarity between Bitcoin and some altcoins in terms of mining and fixed Total Supply and the halving of mining rewards every four years, but the cryptocurrency market is generally volatile and the market should be studied well when Choose which coin to buy.

[South Park]

Unlike bitcoin, altcoin is not reliable, not because it is highly volatile, but because most altcoins do not have real projects or a team that takes care of the coin constantly. In addition, there are many of them scam, except for some coins that have proven their value and position in the market such as ethereum and bnb, also there are altcoins that can be mined and have A fixed number such as ETC, BTG, ZEC and many others that have maintained a good rank in the market, there is a great similarity between Bitcoin and some altcoins in terms of mining and fixed Total Supply and the halving of mining rewards every four years, but the cryptocurrency market is generally volatile and the market should be studied well when Choose which coin to buy.

That is the main issue with altcoins, I mean I think we can all understand that new projects always carry a significant risk and as such they could disappear overnight, however when there is nothing behind the project, and this is the truth for the vast majority of the coins that we see in the market, then this is a dangerous tendency, after all regardless of the high levels of greed we see in this market at some point those people will learn their lesson and will begin to ignore altcoins completely as they simply do not see a way for those coins to remain in the market for the long term.