Post
Topic
Board Speculation (Altcoins)
Re: What is your opinion about cryptocurrency market now?
by
batang_bitcoin
on 13/09/2018, 04:10:28 UTC
my opinion for the current market price is very good, why? because the altcoin price has shown improvement, the price has improved again
For the altcoins? I can't see that they have been moved and showed improvement.

There are altcoins that did but generalizing them, I don't think that all of them has shown improvement. The only coin that did showed improvement is only bitcoin and that made a lot of people who are keeping alts started to sell so they can keep and have bitcoin.
There are some good altcoins out there but when you take into account that there are thousands and thousands of coins and that many of them are useless, redundant and many do not even require the blockchain to begin with and are just trying to take advantage of the hype that is currently in the market, when you take that into account you lose confidence in those altcoins really fast.
That's a fact that you stated.

Thousands of them are truly worthless and they keep on coming to fill the market with something that we don't really need. Keep on recreating projects that really has no use at all, collecting millions of bucks and when they are done with it expect that there will be a massive sell off.