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Author Topic: Altcoins dead?  (Read 4664 times)
Ozero
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January 27, 2023, 11:43:58 AM
 #161

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?
The current market situation is almost the same as it was in 2017, however some new investors are afraid of losing a lot of money due to the current price drop.
Looking back a bit, when BTC was $63k USD, everyone panicked to buy, but when it was $20k USD only a few investors bought it and most importantly, altcoins always followed the BTC price.
Due to the free access to the source code and because of the ability of everyone to create their own cryptocurrency, a significant part of altcoins is useless or even fraudulent. Therefore, with every big price drop, a significant part of them leave this market forever. However, even that small part of useful altcoins that remain make a big contribution to the overall development of the cryptocurrency. Bitcoin is a general purpose coin. Various usefulness of cryptocurrencies is provided by altcoins. Therefore, useful, and therefore top altcoins, will live, despite temporary price drops and difficulties.
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January 27, 2023, 12:20:36 PM
 #162

Due to the free access to the source code and because of the ability of everyone to create their own cryptocurrency, a significant part of altcoins is useless or even fraudulent.

Exactly, currently token creation is very easy. I found several token generators on various networks. They only need to pay a certain number of coins to generate tokens. For example for BEP20

With standard tokens, i only need to pay 0.5 BNB. After that, I can do a sales for each wit 0.01 BNB, its mean I only need 50 tokens to get back my creation fees. After I can do a sale for 8000 tokens, i get a lot of money, and can run with that.  Grin
Thats why, we can see new tokens everyday and rugged, because for me, I just need to create a concept, and if looks good, maybe I can sell my tokens, even I'm not a programmer can create it.

From here, we can learn something, always careful when every new crypto enthusiast buying any new altcoins. Because new tokens is easy to dead or rugged.

HOLD...
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January 27, 2023, 12:42:01 PM
 #163


I'm feeling the same thoughts as those people that have been saying that they're already too late in buying bitcoin because it's too expensive. But we go with the fact that it's quite a lot for those that don't have that much. And it's sort of a guilt feeling if ever you'll buy when you're looking at it while it increases.
In the end, this is just old-fashioned thinking, which is always used as an excuse not to buy.
In fact, by looking at the existing ATH and the current conditions, of course the price is too high just an excuse that doesn't make sense.
We buy bitcoin does not mean we have to buy 1 bitcoin or more than that. Indeed, that is quite good, but on the other hand, when we don't have that much money, we can just buy it with the money we have, without forcing it and buying it periodically, of course, that's a good thing.
Our stigma by just continuing to wait for bitcoins at a low price as we want is clearly impossible to achieve and when they go up we are the ones who feel sorry for not buying from the price when it decreased.

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January 27, 2023, 01:05:21 PM
 #164

You can't just say alts are dead. Some have good real world use like BAT. Even some are used in Play2earn
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January 27, 2023, 01:16:26 PM
 #165

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?
Bearish market only eliminates the weak coins and the hyped coins only. Those coins with strong fundamentals and those who have good products, surely survive and have no problem at all. ETH, TRX, and ADA are examples of strong altcoins, they won't be eliminated by the bearish market. If you think they will be removed from the market, you seem still don't understand their fundamentals. Check again deeply about those altcoins, they are not the same as the meme coins.  Grin



I will only agree with you on ETH, Tron or ADA, I am not sure about them, maybe they will not die this bear season, but there is no guarantee they will continue to exist in the next bear seasons. It wouldn't be surprising if one of them dies and is replaced by newer coins, the lifespan of the altcoins is very short.
Currently, we can be sure that ETH will rise again if bitcoin increases again, but ADA or Tron remains a question. If they are not likely to rise again, they are dead, and the people who invested in them are losers.

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January 27, 2023, 01:33:52 PM
 #166

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

my view is that ETH, ADA, XRP, TRON will likely continue to survive in the market and will not die. it is due to the many developments of the crypto and the full support of their team and developers. it's different with Altcoins that die on the market, maybe Altcoins that suddenly die don't have full support from their company, in my opinion it's like that

Since Ethereum and ADA offer real solutions to important needs in the market, they can continue to exist for many years. However, it is not easy to say the same for TRX and XRP. We can see this by comparing the interest of developers on Ethereum and ADA with that on TRX and XRP. However, I largely agree with your comment. Good and real projects are really few.

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January 27, 2023, 03:20:24 PM
 #167

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

Eth and ADA are the most favorite altcoins, they only experience a decline, not going to die, I'm sure these two tokens will be at their peak during the bull run later
only new coins that don't have full strength will die and disappear from the market so you have to be precise in choosing coins to invest

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January 28, 2023, 06:35:11 PM
 #168

Altcoins are very solid projects to invest in the market but not all makes profits at the end, some dump heavily during the bear season and they're unable to bounced back or even the survived the long red candles on the chart. Altcoins are not dead despite their market cap or trading volume, always take out time to specialized or study the type of altcoin to invest money into without fear or doubt about crashing. We have witnessed so many crashes of altcoins in the past, it's absolutely no thing in the market, because it's general fact about the altcoins and the market.
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January 28, 2023, 07:51:19 PM
 #169

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

Eth and ADA are the most favorite altcoins, they only experience a decline, not going to die, I'm sure these two tokens will be at their peak during the bull run later
only new coins that don't have full strength will die and disappear from the market so you have to be precise in choosing coins to invest

What makes you sure that ADA won't die in the few years to come? I mean, I know what you're trying to say, it's just that there's still some risk regarding these altcoins because most of them are heavily dependent towards the situation of bitcoin. If bitcoin falls, so as the altcoins but if the bitcoin hikes upwards, these altcoins will remain as they need their own investors to boost them up. But I agree, ETH and ADA are one of the favorable altcoins that I have.
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January 31, 2023, 06:32:36 AM
 #170

We must remember that whenever the price of Bitcoin goes way down there is a case to be made that the same thing can be said with the alt coins.  Being in the middle of a 'Bear market' is no different.
I do not think our alt coins are 'dead' as this title states. But I do think it is is our better interest to hodl them or even trade them for Bitcoin for the time being at least.

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January 31, 2023, 07:11:27 AM
 #171

Altcoin projects will disappear, the crypto market will not disappear. Even if the items you mentioned are gone, there will be new items to replace them. In the crypto world, every day new projects appear and old ones disappear. Many new and good projects need to be discovered slowly. So altcoins will die, but they will always live.
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January 31, 2023, 07:36:16 AM
 #172

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

Eth and ADA are the most favorite altcoins, they only experience a decline, not going to die, I'm sure these two tokens will be at their peak during the bull run later
only new coins that don't have full strength will die and disappear from the market so you have to be precise in choosing coins to invest

What makes you sure that ADA won't die in the few years to come? I mean, I know what you're trying to say, it's just that there's still some risk regarding these altcoins because most of them are heavily dependent towards the situation of bitcoin. If bitcoin falls, so as the altcoins but if the bitcoin hikes upwards, these altcoins will remain as they need their own investors to boost them up. But I agree, ETH and ADA are one of the favorable altcoins that I have.
Yes, in crypto, we never know what will happen in the next few years and with regards to ADA, will the future survive or even die?
I think the team needs to do something to improve ADA,
both Ethereum and ADA are the top altcoins indeed so I guess it's become a favorite coin for many people.
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January 31, 2023, 08:02:53 AM
 #173

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?
it's not strange anymore, for all existing altcoins, it's like that every year.
experienced a significant increase, and also experienced a very significant decrease.
don't be too surprised, that's how altcoins are, altcoins will not die, of course all the coin leaders also want to make their crypto go forward and the price is high again.
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February 03, 2023, 10:18:26 PM
 #174

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?
it's not strange anymore, for all existing altcoins, it's like that every year.
experienced a significant increase, and also experienced a very significant decrease.
don't be too surprised, that's how altcoins are, altcoins will not die, of course all the coin leaders also want to make their crypto go forward and the price is high again.

All altcoins die every year until Bitcoin is resurrected. :) When Bitcoin is in a bear season, the market is also in a bear season. When the market is in a bear season, there is no altcoin that diverges positively from the market. This may be the simplest explanation for how the market works. Actually, there is no need to be pessimistic, but coins other than major altcoins are never safe.

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February 05, 2023, 04:15:49 PM
 #175

All altcoins die every year until Bitcoin is resurrected. Smiley When Bitcoin is in a bear season, the market is also in a bear season. When the market is in a bear season, there is no altcoin that diverges positively from the market. This may be the simplest explanation for how the market works. Actually, there is no need to be pessimistic, but coins other than major altcoins are never safe.

Altcoins will never die, as developers launch new projects on a daily basis. Old coins will die (except ETH and a few others), while new ones will take the reigns as the "next big thing" in crypto. Bitcoin is the main trigger of the market, so if BTC prices go up, altcoins will do the same (or the opposite if BTC goes down). You have to consider that altcoins have a lot more risks than Bitcoin itself.

If you know how to play your cards right, then altcoins make the perfect "tool" to grow your investment in the short term. Otherwise, I'd suggest you invest only in Bitcoin to play it safe. The crypto market often comes with surprises, so who knows if you become the next crypto millionaire by holding prominent coins for quite some time? Just my opinion Smiley

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February 05, 2023, 08:44:33 PM
 #176

Altcoins will never die, as developers launch new projects on a daily basis. Old coins will die (except ETH and a few others), while new ones will take the reigns as the "next big thing" in crypto. Bitcoin is the main trigger of the market, so if BTC prices go up, altcoins will do the same (or the opposite if BTC goes down). You have to consider that altcoins have a lot more risks than Bitcoin itself.

If you know how to play your cards right, then altcoins make the perfect "tool" to grow your investment in the short term. Otherwise, I'd suggest you invest only in Bitcoin to play it safe. The crypto market often comes with surprises, so who knows if you become the next crypto millionaire by holding prominent coins for quite some time? Just my opinion Smiley
Altcoins aren't a single coin so there is no way that all of them will die but many of them are now dead because they are weak and scam. Good altcoins can suffer from a bearish market but being dead isn't the best way to call or term them during these times. You can't call something dead if they are still active and can recover by the time the bull season came in, and also it was the new coins who has more chances of dying because new coins usually don't have anything new to offer as almost all the ideas are already given by the old coins. New coins are only good for the hypes so we can still invest on them for short-term gains.
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February 06, 2023, 03:05:16 PM
 #177

Altcoins aren't a single coin so there is no way that all of them will die but many of them are now dead because they are weak and scam. Good altcoins can suffer from a bearish market but being dead isn't the best way to call or term them during these times. You can't call something dead if they are still active and can recover by the time the bull season came in, and also it was the new coins who has more chances of dying because new coins usually don't have anything new to offer as almost all the ideas are already given by the old coins. New coins are only good for the hypes so we can still invest on them for short-term gains.

That depends on which altcoin we're talking about. If we're talking about "meme" coins, then most of them will eventually die after people move on to the next big thing in crypto. Such coins are only good for short-term profits, due to their highly-speculative nature. But if we're talking about new coins with innovative features (especially smart contract platforms), then that's another story. These coins won't disappear that easily, especially if developers continue to "bring in the goods" to the public. Be aware that not all that glitters is gold, so I'd advise you to do your own research just to be safe.

For what I know, investing in altcoins is a gamble these days. Most of them don't take things seriously, as they're usually driven by hype. Only a select few altcoins are really worth your time. One thing for sure is that no altcoin can survive without Bitcoin. If BTC goes down, so will the rest of the other cryptocurrencies in the market. Just play your cards right and you'll have nothing to worry about. Just my thoughts Grin

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February 07, 2023, 01:52:57 AM
 #178

for sure right now altcoins have encountered a ton of decline and as of not long ago there have been no indications of expanding once more, yet as I would like to think this isn't the finish of altcoin development, on the grounds that the ongoing downfall isn't similar to the decrease in crypto in 2018, where crypto has an extremely profound decay around then, after its we can see altcoins fill quickly in the next year, I prescribe for fledglings to begin effective financial planning with altcoins now since they are entirely reasonable,

Altcoins are really depending on the value of BTC, and if the price of Altcoin goes uptrend then some whales are pumping it. And, altcoins are really worth it to hold if it will go up in the future and that is why we need to only invest what we think an altcoin can last long and you think that is worth for a long term asset.
and this made Altcoins super risky comparing to bitcoin investments , though this can bring us higher return in short time yet? we are afraid of taking this chance specially shitcoins and meme coins.
and now there are NFT , Metaverse and other form that trying to lure us investing.

The price of Altcoins will increase only when the price of Bitcoin will increase. If the price of Bitcoin is increasing now then the price of all Altcoins will increase in few days. But I have invested in several places including Altcoins and hope I will get a big amount of profit from here.  And if the price of all the coins is dumping more, I will have to bear a big loss. I am very worried now, I had a big loss before. Now let's see what happens to me.
It cannot be released because bitcoin can be said to be one of the sources. When they go up, there is a possibility that altcoins will follow, but when they crash, altcoins have no hope of flying no matter what.
As for your expectations, actually it depends on what coin you are buying right now because the hope is still there, it just depends on what you have if it is a shitcoin or some meme coin then I don't have much hope for a reversal.



but there are also other altcoins that climb without Bitcoins support, and those are the coins who are supported by the whales in certain time and some calls it manipulations .

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February 07, 2023, 04:13:33 AM
 #179

Quote from: estheblessed
Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

This is not the end for certain coins, because there is hope for many coins to improve higher this year than last year which some of their teams are seriously working to ensure their investors feel good in their investments. Ethereum, ADA and TRON are among the altcoins that will display well before the end of this year 2023 for those that embraced them in the past to have a good opportunity to achieve something good soon, because their price will definitely increase higher this season. I think, there is a hope on altcoins which you need to take a good step to invest on Ethereum or ADA because their price is still low in the market for you to buy and hold for future purpose.

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February 07, 2023, 03:13:02 PM
 #180

Watching the current market and the demise of ALL crypto ... is this the end for certain coins?

How do people think the likes of ETH, ADA, XRP, TRON etc will go from here?

It is wrong to call these altcoins dead. You are looking at the rate of these altcoins, but the fact is that according to whales, any cryptocurrency can be speculated. And if they invest a little money, the rate will fly up. And then ordinary investors will start buying in a panic, raising the rate even higher and higher. Then the token will look even more alive! I swear we will see that at next crypto-boom.

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