SubscribeHi, which altcoin do you think is most likely to fail and why do you think so?
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Thread: Altcoins to fail?
#1
Hi, which altcoin do you think is most likely to fail and why do you think so?
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Wekesa (08-11-2020)
#2
It was reported that Tron has a plagiarized whitepaper on which they apologized for. So this will likely fail and besides, they have no product yet.
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Wekesa (08-11-2020)
#3
I've read somewhere that developers of Verge coin made shady decisions right after the launch of the project so this probably be an issue in its development.
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Wekesa (08-11-2020)
#4
Some Altcoins have ended due to lack of investors, but there are new projects come right away.
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Wekesa (08-11-2020)
#5
Like i said yesterday, most coins are correlated with bitcoin, so once there is a fall in prices for it, other coins would follow. At the moment, bitcoin just drop because it couldnt crack a price level and others just folllowed
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Wekesa (08-11-2020)
#6
True. I also noticed that. The only problem is most Altcoins do not have enhance their security features. That is the reason some people tend to back away from Altcoins.Originally Posted by kachinna
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Wekesa (08-11-2020)
#7
altcoins are fundamentally different from Bitcoin and are closer to fiat money. Their central points of failure can and have been used by outside parties to influence or even control. Centralization is why the stock to flow model does not work at all for altcoins but does so for Bitcoin.
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Wekesa (08-11-2020)
#8
I think they do fail , most would fail , its important we understand everything and there is a chance to see that the work we do here is all ppreffered, some coin will just die off, when you try to look for the right idea that can help you , in trying to move forward we have to try as hard and understand the best coins that perform
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Njoki (08-11-2020)
#9
No they wont fail but most of them have proved to be tough to understand so its only good if we are able to balance between trying to understand what is going on and what is going to happen next thats why its important to really define what good things can help you to trade this market , the most important one is to ensure you are able to balance the two
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