Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Domithra on July 26, 2018, 02:42:44 AM
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The biggest problem with most alt coins is their inability to be paired directly to the USD on the market. These coins are normally paired with BTC, hence a fall in BTC price affects the price or value of those coins. Also, most alt coins follow the pump and dump trend leaving late investors with losses.
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Yes, you are right. But I don't understand why they follow the trend. It is really important to follow the trend or they just do it for any other profit purpose. If an Altcoin has good market capital, then why it should follow BTC.. Now i can see ETH has no improvement as same as BTC. So, how ETH follow BTC?
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Honestly I think the biggest problems are the people in the altcoin communities. They live and breath between FOMO and FUD and it creates so much panic in the crypto space that it's incredibly easy to manipulate and take advantage of. People new to trading need to understand you can't become rich overnight, and their shit coin mooning isn't extremely likely.
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It means the core problem is about the price. So far, I also still do not understand exactly why this phenomenon occurs in crypto price. If we learn from the phenomenon above, one of the solution is to make the BTC price be always in a high and stable rate. But of course, it seems impossible. :-\
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The biggest problem with most alt coins is their inability to be paired directly to the USD on the market. These coins are normally paired with BTC, hence a fall in BTC price affects the price or value of those coins. Also, most alt coins follow the pump and dump trend leaving late investors with losses.
This might be the case but even if btc fall we still see some alts price is still able to be more valuable, why isit so? alts price is more determine by supply and demand if it is a good project the coins will be highly in demand.
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I think one of the biggest problem of altcoin is the price manipulation and some countries are not accepted crypto.
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Yes very true. I see altcoin rises still follow the rise in bitcoin prices. altcoin is at great risk of great decline.
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In my opinion, the biggest problem of altcoin is why time changes in the price is always almost the same time with BTC. For example, if the price of BTC is increasing, altcoin also increases although it shows different rates of increase. I do not know why altcoin is always like this.
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The problem is that there are a lot of them, their prices are often very low and are not in demand. Very few ideological coins, those coins that bring real benefits to the world and its owners.
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The biggest problem with most alt coins is their inability to be paired directly to the USD on the market. These coins are normally paired with BTC, hence a fall in BTC price affects the price or value of those coins. Also, most alt coins follow the pump and dump trend leaving late investors with losses.
I agree, it is very dangerous especially in the beginning, when there is little experience. Over time, it becomes easier and it is even possible to earn.