Quote from: The Pharmacist on August 18, 2018, 08:03:09 PM

Quote from: 1Referee on August 18, 2018, 01:11:47 PM

Altcoin's get fueled by Bitcoin's increases and as long as Bitcoin keeps increasing, which it keeps doing, altcoins will follow.

I question that logic, because if no one is using those altcoins or even buying them, they can go to zero as a practical matter. Even if a coin fell to 1 satoshi, if there are no buyers, there's no chance for a person to sell what he has. Take a look at the Yobit 1-satoshi graveyard. Put in a sell order on one of the crappiest coins there, and that order might sit there forever, never getting executed.

As far as this prediction in the OP, who knows. Crypto is pretty resistant to typical analysis, as I've said many times. It's not like the stock market where there are businesses behind a stock. Crypto has no earnings, no P/E, none of that--there's just news, rumor, and sentiment, which translates into demand. I'm not sure if anything drives the price of a coin except supply and demand, so where a given coin is going to be 10 years or 5 minutes from now is just guesswork.

I do agree that a lot of coins are headed toward zero. Most never get used for anything except speculation, and that will probably end at some point. And think about it. How many different coins can the market really support? They just keep coming and a lot of them are just crap. That can't continue indefinitely.

We have seen some of the coin turned into trash after having a good price but what makes them a trash is their performance. People demand for a coin with good characteristics and when that coin fails to deliver, people throw it out of their portfolio. This process will continue in crypto because we see a number of coins and tokens are launched and added to the list.
Being a student of Finance, I know the fundamentally the analysis and evaluation of coin and have no hesitation to state that sometimes thing go against the analysis in crypto. Crypto is greatly affected by news and rumors, but it needs an attachment not only technically but sentimentally as well. You can feel the scent of upcoming happenings only when you are in love with crypto otherwise depending on technical stuff only may lead you to a great trouble.