Are Altcoins Done?

[Baki202]

Whoever that is investing in altcoins should be very careful how they’re investing in altcoins, the situation in the altcoin market now is very different from that of bitcoin, we all know that altcoins depends on bitcoin to thrive which is a very difficult situation for people who are speculating about bitcoin, because of the volatility nature of different cryptocurrencies most especially altcoins which have a high tendency of volatility and you can find it very difficult to understand the altcoin market, well if you’re buying altcoins please try and be careful and have that awareness as well when buying altcoins.

It depends on the kind of altcoin you are investing and when you invest in altcoins that's gives you peace of mind then you don't have a problem and is either going to be for you to invest in Bitcoin or altcoins which ever you choose to invest in and I don't see the reason why people don't need to be discouraged from investing in altcoins and there are altcoins out there that can be invested in because all are good so the only thing that a lot of people need to be very careful of is meme coin because they just make you lose money you lose everything they have a bigger disadvantage because what they usually is to hype and dump that is what they usually do and people need to be careful on that. Altcoins is preferable most important is Bitcoin no debate about that.

[TastyChillySauce00]

Altcoins are volatile, if you see the altcoins market tab in huge exchange, there are tons of them who gained 100-200% pump in just a single day, meaning altcoins not done yet.
The problem is they are rarely talked about, people just talk about it within their own circle and never really make a noise like before. If you want to find hidden gem, you really need to dig deep.

[Stable090]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?

We not going to see so much of new altcoins entering the market now, we not really in altcoins season, that’s why everywhere is just silent. If you want to trade some altcoins, they are still available on exchanges, and new altcoins are still entering the market just that they not so much like when we are in altcoin season.

By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins. 

You will see coins doing 10X and even more just because we were in altcoin season then, but now you going to find it difficult to see altcoins pump anyhow. There are still some altcoins that still do 10X or even more, but they not just so much compared to when we were in altcoin season. Let’s hope we going to see altcoin season again later in the future, thats when you see altcoins pumping massively.

[passwordnow]

Altcoins are volatile, if you see the altcoins market tab in huge exchange, there are tons of them who gained 100-200% pump in just a single day, meaning altcoins not done yet.
The problem is they are rarely talked about, people just talk about it within their own circle and never really make a noise like before. If you want to find hidden gem, you really need to dig deep.

It's hard to find that hidden gem, it's more of if luck is with you then you'll find it. I've done that to find out those hidden gems but even with those analysis and research that I did, I wasn't able to do that because it's hard to predict the market even with so good factors they tell to the community, and that gives a check on someone's preference. We'll never know how successful they will be once they hit the market and also the entire market's situation is affecting all of them. I agree that they're not yet done but many will become out of business and forgotten by the community through this bear.

[Abu-Naim]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins. 


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.

Yes, there are such altcoins in the market but mostly the money manipulative altcoins to ever come across because the developers are the one controlling the market, and most of these projects are pump and dump projects which always don’t end well, that’s why people that take the biggest risk invest in those coins, while if you are not used to such risks, you will lose money to the project.

The best thing is to go for small profit and be safe in the altcoin market, while if you want to hold, consider the reputable altcoins to invest, or buy and hold Bitcoin.

[Abiky]

A while back there were a ton of altcoins.  I know people mentioned about trading altcoins on binance and like pancakeswap and those sites.  Does this still happen much now or not anymore?


By altcoins, I mean more so on those coins that people talk about that 10x or more.  Thus I don't mean like litecoin or any of the top 20 Altcoins. 


Are there altcoins that 10x or more much or is that mainly done?  What sites do you even look for coins like this?  By this, I mean lot of those meme coins mainly.  Several of these coins did get listed on Coinbase which made it more legit like Shiba Inu.

Things are not as they were a few years ago. Everything has changed in a drastic manner. With "Wall Street" in the game, we're now seeing the attention shifted into BTC, while alts are left behind in the dust. The hype is what has "killed" altcoins, as serious investors seek utility above all else. You can see how deteriorated the crypto market turned into, with "meme" coins all over the place.

Are altcoins done? Yes, but only in the short-term. Despite the adversity, I still believe there's a chance for altcoins to rise from the ground up. It'll take some time, but it'll be worth it. Just my opinion.