Post
Topic
Board Altcoin Discussion
Re: The biggest problem of altcoins
by
suhano
on 16/08/2018, 13:27:10 UTC
....is their complete dependancy of Bitcoin. It really takes all the fun out of crypto trading.

No matter what kind of awesome progress some altcoins make....it doesn't change the trend upwards if Bitcoin doesn't allow it.

Pump and dump groups I also blame. Because of them I'm very positive that Bitcoin won't make it past 30 000 this year. 50 000 to 80 000 would be realistic without pump and dump groups dominating and controlling the prices.

Anyways, these things have to change somehow. The first altcoin developers who claim their absolute freedom from Bitcoin will be the real winners of this crypto game.

One of the biggest problems in altcoins is the ability for its sustainability of the business to deliver the investors and stakeholders with the expectations it promised during the ICO of their project. Thus, people felt being cheated and would probably leave the market; further, the market price of that altcoin will surely decrease. The realization of everyone is that ICO projects seemingly inconsistent as to being profit oriented. Somehow the reason is subjective. But we cannot lay the facts that it might be true...However, it may prove true if no one realized a profit. Thus, everyone gets profit, so as to prove an assumption - it would be difficult.

I also noticed many projects create unrealistic expectations and are often not able to meet aggressive milestones in the roadmap. Also many projects don‘t have rhe experience, expertise and connections in the market as it is their first shot at blockchain. Of course this is nowhere highlighted and often investors are mislead about this too