Post
Topic
Board Altcoin Discussion
Re: Nothing is wrong with altcoins
by
Chuky92
on 15/02/2020, 17:14:30 UTC
I will start hating altcoins only when bitcoin raise up to 20,000$ and altcoins fail to move up as well, many people are putting blames on altcoins today as if bitcoin is not in loss itself, the ATH of btc was 20k and now it's trading for 7,000+ thats like 12,000$ lost please how will this not affect other altcoins as well? Top altcoins will surely lose value as well, to me this present loss of altcoins are positive, look at coins like LTC, EOS, BNB, these coins are doing fine. You will only have problem if you invest in crap altcoins

I love the last line " you can only have problem if you invest in crap altcoins" this is just the truth of the whole matter. It doesn't make sense to hate the entire altcoins, but it is justifiable to hate most altcoins because they lacks value and utility while altcoins like the one you mentioned are trying their best to stand out. Lastly, there is no coin which hasn't lost value or dropped in price before but the ability to bounce back is what makes the altcoin in question a valuable and worthy one. So in my own opinion, it is not right to hate the entire altcoins because of a drop in price of which Bitcoin isn't exempted.