How will the market go up with thousands of cryptocurrencies?

[ambar33n]

New ICOs everyday and more and more cryptocurrencies being added to exchanges everyday. The large majority don't invest in the biggest cryptocurrencies (bitcoin and Ethereum) because they are too expensive and they don't see a huge upside, so they throw money into useless altcoins that hold no value while the "developers" behind these shitcoins holds 30-50% of the coins market cap that they at anytime can dump into the market which removes millions of dollars each day from the market.
Will we ever reach a point where people will wake up and realize that throwing money into altcoins is like throwing money into the toilet? Will we reach a point where the common conception is that all alt coins are actually shit coins? Is that what is needed for us to finally go into a serious bull market once again?

[DiZEL]

If large investors with trillions of dollars come to the market, it will be absolutely unimportant how many types of coins exist on the market, they will all receive powerful doping for the growth of value, together with bitcoin!

[Icon]

I think this is a serious issue that needs to be addressed in diverse ways. Since the number of new projects in the market is not controlled by any body, addressing this issue will become a little difficult.

[ambar33n]

maybe that is the reason governments are not yet legalizing them properly?

[cryptothief]

I agree there are lots of useless coins, but can't deny that there are a number of decent 'undervalued' coins that offer much higher potential returns. Many investors are looking to increase their BTC or ETH holdings by trading in the lower marketcap coins, so faith in the top ones has not diminished. As long as you invest in quality projects (although finding these is not an easy task), you should come out on top in the long term. People are just investing with unrealistic expectations, especially when it comes to timelines. Patience is a virtue.

[Mbah Jenggot]

New ICOs everyday and more and more cryptocurrencies being added to exchanges everyday. The large majority don't invest in the biggest cryptocurrencies (bitcoin and Ethereum) because they are too expensive and they don't see a huge upside, so they throw money into useless altcoins that hold no value while the "developers" behind these shitcoins holds 30-50% of the coins market cap that they at anytime can dump into the market which removes millions of dollars each day from the market.
Will we ever reach a point where people will wake up and realize that throwing money into altcoins is like throwing money into the toilet? Will we reach a point where the common conception is that all alt coins are actually shit coins? Is that what is needed for us to finally go into a serious bull market once again?

I think That is market correction. The good crypto will exist for long years. We will see it.

[ambar33n]

well, we can see what these have to offer, and really its true patience is very important

[doc]

maybe that is the reason governments are not yet legalizing them properly?

I think the governments are not legalizing crypto because the government cannot control crypto over.

[ambar33n]

maybe that is the reason governments are not yet legalizing them properly?

I think the governments are not legalizing crypto because the government cannot control crypto over.

that can be a reason. but it is helping many citizens by profit and govt can have tax over these that can be an option

[CryptoZenWorld]

I like your analysis regarding cryptocurrencies. But I also disagree with some points.

See Bump and Dump is everywhere in the crypto market not only in all altcoins but also in BTC and ETH. This is a matter of more understanding. I don't want to go with this. Because that needs lots of explanation.

Ok now let's talk about your point

The large majority don't invest in the biggest cryptocurrencies (bitcoin and Ethereum) because they are too expensive and they don't see a huge upside, so they throw money into useless altcoins that hold no value while the "developers" behind these shitcoins holds 30-50% of the coins market cap that they at anytime can dump into the market which removes millions of dollars each day from the market.

Yes, your first line is absolutely right that due to the high price people are involving in altcoins. But it is also true that there are many good projects which has a better future than bitcoin and ETH.

I think people should invest in the good project after doing a deep analysis of whether the ICO will be a success or not. but the possibility will be 90% for a good project.

For example: Ethereum ICO is a successful ICO when  bitcoin was $15000+


So, people have to be more educated in the world of crypto to avoid such loss by investing in SCAM ICO.

Thanks, mate.

[sturec22]

yep, and in 5 years time we will start to use these technologies in daily life, so most of the upcoming and some little part of the cryptocurrencies will be still available.

dumps and pumps are so incorrect with this market but people want to earn quickly so they are make the market go up with thousands of currencies

[Kiran Sehzadi]

Will people ever stop asking leading questions to prove their point?

Here's what is most likely to happen: a few coins will probably survive long term and perhaps even reach a larger market adoption. The rest will fail, or never peak, and #DevelopmentTeam s will slowly disappear. It is not possible to say if any of the current coins will be the winners, or if it will be new ones yet to be invented.

What has been going on with the alt coin market the last six month is people, just like you and me, trying to guess which one is going to be the next big "bitcoin" with a few thousand % ROI.

This is not a problem for crypto. People spend their money where they see fit, and the market judges all. Just like there are millions of stock companies, a few good ones rise to the top.

Stop trying to control what you cannot control, and start trying to figure out how to profit from it.

[Mntree]

New ICOs everyday and more and more cryptocurrencies being added to exchanges everyday. The large majority don't invest in the biggest cryptocurrencies (bitcoin and Ethereum) because they are too expensive and they don't see a huge upside, so they throw money into useless altcoins that hold no value while the "developers" behind these shitcoins holds 30-50% of the coins market cap that they at anytime can dump into the market which removes millions of dollars each day from the market.
Will we ever reach a point where people will wake up and realize that throwing money into altcoins is like throwing money into the toilet? Will we reach a point where the common conception is that all alt coins are actually shit coins? Is that what is needed for us to finally go into a serious bull market once again?

Honeatly to make the crupto marlet grow just simply buy buy buy and hodl then always make positive thoughts towards this kind of cryptocurrency.

[damsix]

don't focus too much on Altcoins but focus on the parent.
the parent is Bitcoin, if there are investors who believe in Bitcoin then all altcoins will come up with the price.