Why can Altcoins fail?

[BlockchainWizard]

New innovation is leading to new Altcoins and developers anticipating innovation faster is a big part of development strategy.

Weed out old and outdated coins

Many coins have been started when Cryptocurrencies were less developed and much less innovative.
And here it is a big problem for many Altcoins: using outdated Blockchain technology.

A good example for such an issue is Tron.
Tron was developed from Justin Sun to compete against Ethereum 1.0.
But Tron was such a badly coded coin, it couldn't even compete against Ethereum and lost many marketcap against Ethereum.
Now, since Ethereum 2.0 is launched, Tron is completely embarrassed because of its old tech.

Tron is based on an old technology where more innovative coins are outperforming Tron massively.
Tron is losing relevance very quickly compared to such new and more modern coins like Ethereum 2.0, Avalanche or Algorand.

One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.

Conclusion

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

[Charles-Tim]

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

There are many of them which I have no interest to mention any of them. People can just go through the exchanges the old coins are listed and see how disappointing they are now. Many of the new coins now will also become old and not get to all-time high when bitcoin is getting to all-time high. Altcoins are like pump and dump. The ones that are successful now will later not get to all-time high which means if you make money from altcoins, sell them and do not expect their all-time high again or for a long period of time like decades or forever.

[Nwada001]

One more old coin is EOS. It could not meet expectations and was even place 5 in market cap until it is now very irrelevant. People still holding EOS are having a big loss.
Lucky, who got out timely, to prevent a loss.

Conclusion

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

EOS was one of the blockchain projects I felt so disappointed in. I held the token and even made a few profits during the time that the blockchain was being hyped, but I don't know what happened to the team; they just stopped competing with the new emerging developments in the market. Currently,  it's hard to even see any project that wants to be under the EOS blockchain. What's sustaining their price in the market is still something I don't know. 

[Hatchy]

There are many of them which I have no interest to mention any of them. People can just go through the exchanges the old coins are listed and see how disappointing they are now. Many of the new coins now will also become old and not get to all-time high when bitcoin is getting to all-time high. Altcoins are like pump and dump. The ones that are successful now will later not get to all-time high which means if you make money from altcoins, sell them and do not expect their all-time high again or for a long period of time like decades or forever.

Altcoins which are flooding the market today are just there to make profits for its developers. It's why I usually don't advise anyone to purchase altcoin for the long term or even buy them in the first place. Yea they might be pumping over 1k x at the moment but sooner or later once the potential investors removes their profits it leave these coins worthless as shit. I remember a project I had invested in the past, it's a funny one though. I made good profits from it but decided to wait a bit for even more profit since it already got the hype. Unfortunately days after, it started dumping. Yea at first we expect every market to experience a slight retest before pumping once again. But that was the end. The coins market cap flew down from 900k to about 75$. Which was a huge loss at my end. Since then I have stayed away from theses new projects rushing into the market. And will advice anyone considering them, to rethink.

[moneystery]

the reason is quite simple, it is because most developers only think about profit by selling innovative ideas but they do not think about developing the asset into something that has value to users. there have been many examples of altcoins that seem to have very good prospects because they offer various revolutionary things, but when launched none of these ideas succeeded and that made investors sell their tokens and lower the price of these tokens. so most of the altcoins could end up as scams or have no value at all, just be careful to invest in these types of coins.

[OcTradism]

New innovation is leading to new Altcoins and developers anticipating innovation faster is a big part of development strategy.

Weed out old and outdated coins

Weed out old and outdated coins is a most common practice of altcoin developers. They abandon their outdated projects and join a new trend, create new projects year by year, cycle by cycle.

It's hard to believe in dedication of altcoin developers on their projects and how long they will stay with active development for their projects. Believe in their quality, dedication or not, spend your money to invest in their altcoins projects or not, it's your responsibility with your money.

I only share the story and fact on work flow of altcoin developers that is big red flag if you care about your money safety.

Over 50% of all cryptocurrencies have died. Of the over 24,000 cryptocurrencies listed on CoinGecko since 2014, 14,039 have died.

[Belarge]

the reason is quite simple, it is because most developers only think about profit by selling innovative ideas but they do not think about developing the asset into something that has value to users. there have been many examples of altcoins that seem to have very good prospects because they offer various revolutionary things, but when launched none of these ideas succeeded and that made investors sell their tokens and lower the price of these tokens. so most of the altcoins could end up as scams or have no value at all, just be careful to invest in these types of coins.

We have different types of coins and we placed our hope on the promising ones. There's basically different projects in the system, it involves quite numerous findings but we're heading straight to the full territory. What we failed to understand from the early phase is gathering innovative ideas for the good reasoning and probably not indulging in enormous profits which is quite the ultimate target we desire.

[Aanuoluwatofunmi]

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

Do you think if people knows about this then they will still make moves on making investments on it, waste their money on Ton after knowing it's not going not perform well, one thing I will have to say concerning this is that some coins will be perform well without giving us any indication while the ones we thought could do well may not at the end, we are investing because we want to take risk on any coin we investing on

[Alpha Marine]

One mistake people do is rate a coin by market cap alone. Rating altcoins by market cap is a very inaccurate way of measuring a coin's performance. Let's take the Tron you mentioned for example. On coinmarketcap, Tron is ranked as 11th. His ranking is done with market cap. A coin ranked at 11th shouldn't be a bad coin considering the thousands of altcoins in the market. But when you look at the circulating supply, you'll see that they have about 87 billion Tron coins in circulation. Now if you multiple that by the current price of Tron which is about 0.13 you'll have a pretty hugh market cap.
There are loads of another coins just like this. People fall for the market cap and the coin turns out to be shit.

This is one reason why altcoins fail. There are several reasons why a coin may fail, but this is one of them. There are coins that have billions or trillions of coins in circulation. The supply of those coins are more than the demand so the value will definitely drop and if the demand doesn't increase, which it doesn't most time, the coin remains shit and never grows again.

[Kelward]

the reason is quite simple, it is because most developers only think about profit by selling innovative ideas but they do not think about developing the asset into something that has value to users. there have been many examples of altcoins that seem to have very good prospects because they offer various revolutionary things, but when launched none of these ideas succeeded and that made investors sell their tokens and lower the price of these tokens. so most of the altcoins could end up as scams or have no value at all, just be careful to invest in these types of coins.

Most developers of altcoins are more interested in making profits and cashing out, they don't priotized innovations and going concerns. This is the main reason why we have too many abandoned projects in the crypto space because they're moving on to new ones, hype them, gather investors funds and exit scams, leaving the project dead. That is why it's not advisable to hold most altcoins for long, there futures are not certain, just invest the amount that you can afford to loose, sale if the token pumps and exit. There are more altcoins than you will care to count and it's the reason why we have so many dead coins in the crypto market, gamble your funds with the amount that you can afford to loose.

[Maslate]

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

There are many of them which I have no interest to mention any of them. People can just go through the exchanges the old coins are listed and see how disappointing they are now. Many of the new coins now will also become old and not get to all-time high when bitcoin is getting to all-time high. Altcoins are like pump and dump. The ones that are successful now will later not get to all-time high which means if you make money from altcoins, sell them and do not expect their all-time high again or for a long period of time like decades or forever.

This is why altcoins are only good for short term investment because their prices don't seem to prolong its increase, and would all of a sudden dump its value due to some negative market effects, thus they are not suitable for long term hodling.

However, while less potential altcoins are bound to fail, even bitcoin investors as well may also lose their investment if they are not cautious and patient enough, and they don't know how to secure their coins 24/7. Losses are certain in all crypto coins, but if you want to gain profits more often, stick to bitcoin and develop positive attitudes towards your investment.

[dzungmobile]

This is why altcoins are only good for short term investment because their prices don't seem to prolong its increase, and would all of a sudden dump its value due to some negative market effects, thus they are not suitable for long term hodling.

I believe you will disagree with my following opinion that is, altcoins are for speculations like short term or medium term speculations. I disagree to consider altcoins, most of them, as investments even you said short term investments.

I also disagree on the stance of short term investment. Investment, in my opinion, should be long term. If it is something for short term or medium term, it is more like speculation.

Difference between investing and speculating. It says the main difference is about risk that is bigger with altcoins, either for investment or speculation.

[Outhue]

New innovation is leading to new Altcoins and developers anticipating innovation faster is a big part of development strategy.

Weed out old and outdated coins

I am talking from experience.

It doesn't matter if its old project or not, even some older altcoins are better in your bags than new crypto projects, old projects have proven themselves, like Doge coin and Litecoin, you have no problem trusting them and holding for long, but new coins are even more risky.

Many altcoins have died in a very short time after Bitcoin lost the 70k support, and some are already struggling to stay alive, not all altcoins have enough funds to keep their projects up and running while Bitcoin is facing big bloodbath.

It is better to invest most of your funds in Bitcoin and diversify into good projects with great teams backing them up and make sure they raised enough funds too, because many good projects died in the past even while they gave good team but lack some funds.

[taufik123]

the reason is quite simple, it is because most developers only think about profit by selling innovative ideas but they do not think about developing the asset into something that has value to users. there have been many examples of altcoins that seem to have very good prospects because they offer various revolutionary things, but when launched none of these ideas succeeded and that made investors sell their tokens and lower the price of these tokens. so most of the altcoins could end up as scams or have no value at all, just be careful to invest in these types of coins.

Most will probably be like that, just abandoned and there will be no development whatsoever.
This also depends on the condition of the developer himself, if the flashback on some abandoned altcoins and scams such as LUNA,
then the developer is the main problem in the LUNA case. The project continues to run and even becomes the top Altcoin.

And the top altcoins today have a lot of developments and certainly project innovations that will build the main coin to be better and have value that provides profits for its investors.

The TRX that OP said was built by Justin SUN may seem powerless, but look at how Justin manages their market, builds a lot of their business and becomes a Network at a low cost. In fact, many gamblers use TRX as a payment currency.

Altcoins that only end up in fraud and are abandoned are only altcoins that do not have consistent developers and do not have adequate capital.
It always happens, even now the coin developers are just Hype at the beginning and then disappear.

[Ojima-ojo]

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

There are many of them which I have no interest to mention any of them. People can just go through the exchanges the old coins are listed and see how disappointing they are now. Many of the new coins now will also become old and not get to all-time high when bitcoin is getting to all-time high. Altcoins are like pump and dump. The ones that are successful now will later not get to all-time high which means if you make money from altcoins, sell them and do not expect their all-time high again or for a long period of time like decades or forever.

Many people mistake altcoins investment to mean a long term wealth creation believing that one day they coins are going to pump in price to make them millionaires and billionaires, instead of taking altcoin for what their are just for speculations it make no sense to rely on coins most especially now that we have realised that altcoins can become worthless in a space of time.


The old worthless coins were once the hype of the moment in the past and there are many investors who were caught off guid into not selling their coins when they hard good chances of making a gain, this approach make the to lose all they investment, because they believe and wanted the coin will give them Usain profits.

[StormHawk]

Altcoins are not reliable for the long term, the successful tactics with alts is buying when no one is buying and selling when you are in profit, it is not something you cab hold for a long period of time.

If Bitcoin falls altcoins will lose value 2x, and even more, it is not a goof choice for a long term play obviously, but do not buy the idea that altcoins can't make you rich, the best money I made from crypto are all from altcoins, find the good ones and hold, when altcoins season begins you will be rewarded big time vs holding Bitcoin.

[aylabadia05]

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

People who are aware of which ones are better to maintain as future assets because of their superiority are people who are willing to learn and they are people who will be lucky with their choices.
Many people are starting to convert altcoins into Bitcoin by selling a number of altcoins that still have a price to buy Bitcoin. This is what I mean by people who want to learn as I mentioned above.
Most coins tip and end up in the dump and make your wallet look like a rusty trash box. It's too difficult to remove useless rust.

[tabas]

Conclusion

We should sell such outdated coins like Tron because such coins will become more and more obsolete over time.

You're actually right on this one. Many altcoins have been outdated but yet they're still part of the top ranks. It will only be a matter of time until most of them get eliminated there and become a forgotten coin. To me, it's not about being updated or outdated on this market with their blockchain or what does the developer does. What matters to why they're retaining their position is because there's a strong sense of support that's coming from their community. That's why if it were not for the community, many of these altcoins have been dead long time ago already. But then, they're still alive and kicking and so they're staying to their current positions but just like in the past, many of them have became once a popular coin but now forgotten.

[Orpichukwu]

Altcoins are not reliable for the long term, the successful tactics with alts is buying when no one is buying and selling when you are in profit, it is not something you cab hold for a long period of time.

It's not all coins that you should buy when others are not buying. Some of the altcoins on the market now might be in their vanishing stages.
 
When I refer to vanishing, I mean that the project may lack the ability to compete with others, and the project owner may have already depleted their liquidity. If you fall victim to buying such a coin, you might end up holding it forever, as the chance of selling it at a high price to make a profit might not come.

[Rustam Meraj]

You're actually right on this one. Many altcoins have been outdated but yet they're still part of the top ranks. It will only be a matter of time until most of them get eliminated there and become a forgotten coin. To me, it's not about being updated or outdated on this market with their blockchain or what does the developer does. What matters to why they're retaining their position is because there's a strong sense of support that's coming from their community. That's why if it were not for the community, many of these altcoins have been dead long time ago already. But then, they're still alive and kicking and so they're staying to their current positions but just like in the past, many of them have became once a popular coin but now forgotten.

Exactly some altcoins are still popular even though they are outdated which is surprising. I think reason they are still popular is because of their dedicated community not because they are better or have newer technology. Crypto market has shown that a strong community can make big difference and that is keeping these altcoins alive. Even though they might not be worth much or offer anything new their loyal fans are keeping them going. But we have seen before that even popular coins can become unpopular and I think many of these altcoins will eventually become forgotten.