Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Nitcoin on July 03, 2018, 10:17:55 AM
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What are the disadvantages of altcoin
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Disadvantage of Altcoin? By altcoin, which crypto are you referring to? If you ask for a specific coin, I might be able to help you.
However, the answer to this generalised question is - "Not being Bitcoin" This is both the disadvantage and advantage of altcoin. Apart from that you can add "exposure" to the world as a concern. Because many know about Bitcoin comparatively less members know about altcoins.
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Sure, every alticoin you can think about has one or two disadvantages just that the advantages out way the disadvantages. One basic disadvantage is when the prices fall.
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Sure, every alticoin you can think about has one or two disadvantages just that the advantages out way the disadvantages. One basic disadvantage is when the prices fall.
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The disadvantage is that you will lose your money. Yeah, of course, it will happen if you don't have strategy and consideration, panic, and too afraid to analyze. But, there are still many advantages if you get the best plan and strategy.
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What are the disadvantages of altcoin
The only disadvantages of altcoinstalk forum is the number of bounty campaign here unlike in bitcointalk that there are a lots of bounty campaigns that we can choose to participate.
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What are the disadvantages of altcoin
You need to be specific on what altcoins are you referring to as we had many altcoins and most of them had a bright future. The risk is higher due to volatile market and you need to research first before putting your money in any coins.
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What are the disadvantages of altcoin
I think the disadvantages of Altcoins is the control of creating coins because until there's no agencies that regulating or reviewing the project launch making crypto coins flooding in the market.
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As has been mentioned above, you would need to be more specific to get an accurate answer to your question. There are thousands of altcoins out there, and most have lots of short comings, selected others have very few.
"Not being Bitcoin"
This is about as close as you'll get to a genuine answer without naming a specific altcoin in the question. Another general answer is that the markets have been flooded with too many altcoins, and the decent ones are getting swamped and hidden by the useless ones.
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Yes, a matter of fact, the topic is not specific to any
Particular altcoin, but you realy need to understand that in this life there nothing that has advantages without disadvantages. I sure that of a particular coin had been, it would have been very easy to highlight the advantages and disadvantages of the coin, however, one disadvantage i like to mention about altcoins generally is the missed up of both good and bad ICOs are lunched this days.
Again, we also have pump and dump project that has scammed many investors plus bounty hunters their hard earn resources.
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I think every altcoin has advantages and disadvantages of each. So we cannot judge that altcoin cannot provide benefits. You have to study each altcoin that you will buy first, so you can see if the coin is potential or not to be used as an investment. That way, I think you will avoid big losses.
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"Altcoin is an alternative to Bitcoin. Altcoin has many advantages and although many advantages of Altcoin certainly have drawbacks, of course among coins in Altcoin such as Ethereum, NEO, EOS and others have drawbacks. But from all that, there are still many other advantages of Altcoin that I can't explain one by one.
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To me, only if its something thats using the trend of tokenizing to raise easy money for a project that has no business being a cryptocurrency... this is quite a few projects in the top 1000 I'd say but maybe only 5 or 6 in the top 100.. people can smell that for the most part a mile away.
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The more altcoins the more chance of scams among the real ICO. That is I think the major disadvantage of altcoins.
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I believe every altcoin has its own disadvantages and advantages. I think it's definitely impossible to say.
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Yes and this is what happening today were most of altcoins are dropping continuously most especially for ethereum.
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"In my opinion, the real disadvantages of altcoins are fluctuating prices. So, some people may lose their money in the altcoin. On the other hand, Altcoin provides prices that are relatively cheaper than Bitcoin. That's why Altcoin is called Bitcoin Alternative.
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What are the disadvantages of altcoin
I think volatile price is one of the characteristic of Altcoins and also it includes bitcoin that the reason why we should be careful in investing crypto currency because we don't when will be the market will fall down.