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Author Topic: One major altcoins drawbacks  (Read 5134 times)

Bobcrypto

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One major altcoins drawbacks
« on: June 04, 2019, 04:46:54 pm »
I think the most disturbing altcoins drawbacks is its  inability to recover significantly by its percentage propotion to the Bitcoin price since the inception of crypto. For instance, bitcoin price can crash by 14% to 20% and come back immediately to thesame percentage price rise within few hours, unfortunately altcoin get very slow recovery in returning its prices.
This is just what i thought to have been slowing the altcoins growth. I may be wrong but what do make of this situation? Thanks

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One major altcoins drawbacks
« on: June 04, 2019, 04:46:54 pm »


Zed30

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Re: One major altcoins drawbacks
« Reply #1 on: June 04, 2019, 07:24:20 pm »
Altcoins are still at the mercy of Bitcoin. There's no specific pattern since they react differently but they react nonetheless. Sometimes you see them drop with bitcoin, and then recovers at the same rate with bitcoin. Sometimes you see a different reaction, bitcoin recovers while altcoins continue to bleed. It's just one those things. 
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Re: One major altcoins drawbacks
« Reply #1 on: June 04, 2019, 07:24:20 pm »

Jokers

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Re: One major altcoins drawbacks
« Reply #2 on: June 04, 2019, 07:57:38 pm »
Bobcrypto, you speak about altcoins as if all of them in whole are one, but that's not it. Every altcoin has it's own situation: some can do the same as Bitcoin, may be not from top-20, but some can. It depends on major traders who decide to earn on high volatility they can make themselves. Bitcoin is more popular and is more interesting for those who have really lots of assets, altcoins are for smaller players, and it is easier to chose one altcoin to play with it's price, not all the altcoins market. :)

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Re: One major altcoins drawbacks
« Reply #3 on: June 04, 2019, 09:48:24 pm »
Altcoins are made up of different coins, that is, a coin that is not bitcoin. The fluctuation of bitcoin really affect the price of all other altcoins, as a well known and used coin in the crypto system. Its negative move has a great effect, but not completely to all coins. Most altcoins that are highly volatile in nature moves with the slightest positive change in the price of bitcoin.

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Re: One major altcoins drawbacks
« Reply #4 on: June 05, 2019, 07:52:48 am »
Altcoins are made up of different coins, that is, a coin that is not bitcoin. The fluctuation of bitcoin really affect the price of all other altcoins, as a well known and used coin in the crypto system. Its negative move has a great effect, but not completely to all coins. Most altcoins that are highly volatile in nature moves with the slightest positive change in the price of bitcoin.
Altcoins have not yet begun recovering to BTC. I think that now we are waiting for the fall of the BTC and at the same time, the BTC domination will fall to 50% and only after a drop in the bush we will see the growth of altcoins to the BTC. I think big players have already started to withdraw money from the BTC. They will suffice for the summer rest of the money earned on this pump. It is my opinion.

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Re: One major altcoins drawbacks
« Reply #5 on: June 05, 2019, 09:30:26 am »
I completely agree with you, almost always when bitcoin grows or falls, then at the same time all altcoins grow or fall, of course there are various other situations, but almost always this is exactly what happens.
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Re: One major altcoins drawbacks
« Reply #6 on: June 05, 2019, 09:40:54 am »
I think there is a huge correlation between altcoin prices and bitcoin prices. While bitcoin price is decreasing, free money can go to do altcoins or can be withdrawn from the crypto world(low possibility) but i think different about the recoveries of bitcoin and altcoins prices. Each coin (including bitcoin, excluding shit coins) has its own unique trading patterns, so recovery can happen in overnight imo .
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Re: One major altcoins drawbacks
« Reply #7 on: June 05, 2019, 12:23:17 pm »
I think the most disturbing altcoins drawbacks is its  inability to recover significantly by its percentage propotion to the Bitcoin price since the inception of crypto. For instance, bitcoin price can crash by 14% to 20% and come back immediately to thesame percentage price rise within few hours, unfortunately altcoin get very slow recovery in returning its prices.
This is just what i thought to have been slowing the altcoins growth. I may be wrong but what do make of this situation? Thanks
The problem with altcoins is the inability to compete since there are too many alternative coins in the market today and if we compare to bitcoin aside of its popularity as the pioneering one most altcoins has huge supply of coin/token comparing to bitcoin thats why it needs to be address.

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Re: One major altcoins drawbacks
« Reply #8 on: June 05, 2019, 12:36:31 pm »
I believe that the biggest drawback of altcoins is that you never know if the project will be successful. A large range of systems, the vast majority of which do not receive recognition and dissemination, can lead to unsuccessful investments. In this segment there is a large number of frankly fraudulent projects posing as promising crypto-currencies.

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Re: One major altcoins drawbacks
« Reply #9 on: June 05, 2019, 03:48:16 pm »
Not like that in my opinion because Altcoins has a price provision in increasing and decreasing the value in the market.
I see that extream price movements on DEX, such as TRON Exchange, Dex Waves, ForkDelta or IDEX are always different in price from Bitcoin, even when Bitcoin is red, but altcoins in the DEX market turn green.
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Re: One major altcoins drawbacks
« Reply #10 on: June 05, 2019, 05:54:20 pm »
There are many factors to consider why most of the altcoins are not bouncing back. One of the reasons is there are many new projects that came out on the market and their solution to the crypto problem made the old altcoins obsolete in technology however new projects are risky at this time.

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Re: One major altcoins drawbacks
« Reply #11 on: June 05, 2019, 08:34:36 pm »
Altcoins are made up of different coins, that is, a coin that is not bitcoin. The fluctuation of bitcoin really affect the price of all other altcoins, as a well known and used coin in the crypto system. Its negative move has a great effect, but not completely to all coins. Most altcoins that are highly volatile in nature moves with the slightest positive change in the price of bitcoin.
Altcoins have not yet begun recovering to BTC. I think that now we are waiting for the fall of the BTC and at the same time, the BTC domination will fall to 50% and only after a drop in the bush we will see the growth of altcoins to the BTC. I think big players have already started to withdraw money from the BTC. They will suffice for the summer rest of the money earned on this pump. It is my opinion.
altcoin requires better support from the government to be able to use and trade in the volume of products that are owned, bitcoin has support from everyone for investment and altcoin has products but there are still some who use them. that's why altcoin price recovery has slowed down, besides fake projects, smart investors have chosen new altcoin investments and moved some of their funds from old altcoins to new altcoins
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Re: One major altcoins drawbacks
« Reply #12 on: June 06, 2019, 05:33:01 am »
Sometimes you see them drop with bitcoin, and then recovers at the same rate with bitcoin. Sometimes you see a different reaction, bitcoin recovers while altcoins continue to bleed. It's just one those things.
yes very true one can't predict the move of Alts when Bitcoin rise, majority of the time Alts drop, but I believe soon both Bitcoin and Alts will rise at the same time. 

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Re: One major altcoins drawbacks
« Reply #13 on: June 07, 2019, 10:24:29 am »
It is fluctuation probably. We cannot predict exactly what will happen to the price and volume in every hour. The price is so volatile and fluctuating so that makes some people feeel depressed on it. However, actually, we can utilize this character to gain profits from the crypto world so much.

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Re: One major altcoins drawbacks
« Reply #14 on: June 07, 2019, 11:10:23 am »
Most disturbing drawback? It's as if it's a very bad thing. Remember that even a slow recovery presents an opportunity, you are given more time to accumulate. Instead of being worried, just take advantage.

 

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