It's almost been like on a battlefield lately. Bitcoin celebrated glorious victories while the altcoins were left behind in a sea of blood, down to values which are simply, at least in my opinion, bargains for many of the good projects.
But that being said and after huge declines on some tokens I don't believe that all of them will be able to survive the next correction. I personally am of the opinion that the next correction will kill many coins / put their value down to 0.00$
We might already feel bad about the value of altcoins but it could just get worse in case of an upcoming correction. Well of course only for those projects that don't even have a legitimate use case at all. Projects like steem, bitshares, etc. are totally safe as I see it while for sure not being immune against another price crash :(
Anyways, let's see what happens. I'd love to see the number of shitcoins on the market decrease so people finally see that real value is what they should take a look at instead of some empty promises from a copy paste whitepaper.
What's your opinion?
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I think we would see pump here and there in the altcoins which will revive a particular declining altcoin if the BTC price continue to shoot up.
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because when btc is up and down alt coin have in bad condition
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The problem is, that most people don't know what they are buying into. There are a few altcoins that are totally different and technological advanced - like TRON, EOS, STEEM - and a shitload of coins that do nothing else but telling people that you can pay with them - which btw no one does anyway. Even worse, some of them still function with the outdated PoW protocol and I see no future for them on the long run. They are totally valueless and will die soon. Unfortunately with them all these people who fell for their marketing claims will be burned out and broke - making them hostile against blockchain technology on the long run.
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You name the problem, people really don't know shi*** about many coins they throw their money at. Especially a lot of ERC20 tokens are simply made to be put directly into a dumpster...
Real usecases & actively hyped coins through usage will succeed and survive big corrections. All others will die eventually.
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Great way to spread the FUD
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FUD? I think it's rather being realistic about all the shitcoins that are in circulation out there. Many don't even have any transactions shown within their blockexplorers as the chains are basically dead...
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In the end, almost 90% of these projects will die and only the one with a utility and community will survive.
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Survival of the fittest ;)
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What are those shitcoin, can you name some.
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Bunch of BTC forks & ERC20 tokens. I won't name any specific ones though :P
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I agree, BTC forks and ERC20 tokens are dead coins, no real project behind plus a copy paste codes.
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Is this a good thing? I doubt it...
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