Are altcoins going to 0

Crypto markets are erasing all gains made this year but one asset appears to be bucking the trend at the moment and that is Tron TRX. Unlike Bitcoin, Ripple is a digital payments company. Mar

Can Bitcoin Ruin the Future of Altcoins?

Creative Planning Inc. Or there could be a dead cat bounce. Either way, I see bitcoin as a dead man walking. Future generations may read about bitcoin in a finance textbook as a curiosity and wonder what all the fuss was. Unfortunately for them, the end may not be altcons when it comes. Proponents of bitcoin tend to focus on the impact of the blockchain technology that drives it, and make no mistake, blockchain is the real deal.

Analyst: Altcoins Will Not Recover to Previous Levels From 2017 Bull Run

Martin Young Dec 26, Ethereum has had a pretty miserable Things could get worse before the year is out though as the asset gets dumped on exchanges and community angst grows. According to Tradingview. According to ViewBase, which measures mass token dumps, large amounts of Ethereum are being sent to exchanges. There is further speculation that a single whale or even Vitalik Buterin himself could be off loading his stash.

If Altcoins Maintain BTC Ratio, $100K Bitcoin Won’t Take Them to New ATH

According to one popular cryptocurrency analyst, Bitcoin gojng at an important point in its return to indisputable dominance of the entire digital asset market.

Bitcoin dominance has been steadily rising back to its pre levels. Its share of the market currently lies at more than two-thirds of all the market capitalization of all digital currencies.

This has left many altcoin investors questioning whether the rest of the market will see a massive wltcoins influx of capital to outperform Bitcoin as it did during gokng previous bull market.

Cryptocurrency market analyst CryptoNekoZ believes that that Bitcoin dominance has reached the point where a continued rise would make a new alt-season highly unlikely. He argues that each time the gping manages to break above a local high, it continues to rise.

This leaves the altcoin market with even more catching up to do versus Bitcoin:. Other analysts have argued that altcoins continuing to spiral into obscurity is needed for Bitcoin prices to get back up to all-time highs and. Lingham argued in Golng that the market is not discerning enough and that it makes no sense for different projects that are entirely aaltcoins, apart from sharing similar technologies, to rise in tandem with one.

The key indicator for the start of a sustainable bull run is likely a decoupling of asset values from Bitcoin i. Anything else is just speculation again maybe we need another bubble to learn more lessons? Tone Vays argues along similar lines, although is much more damning in his appraisals of the altcoin market.

He even created a YouTube show called CryptoScam, to highlight the regulatory troubles Gojng operators and other cryptocurrency companies will almost certainly face at the hands of the SEC and other global regulators. Recent actions from the SEC against the likes of social messaging firm Kik and Veritaseum suggest that the trader may indeed have a point.

How likely do you think the return of an alt-season is? Let us know in the comments. Buy and goibg cryptocurrencies with a x multiplier on our partner exchange, StormGain. A former professional gambler, Rick first found Bitcoin in whilst researching alternative payment methods to use at online casinos. After transitioning to writing full-time inRick was able to put his passion for Bitcoin to work for him professionally.

He has since written for a number of digital asset publications in a variety of capacities. BeInCrypto provides an inside perspective on the latest trends in an emerging market while keeping our audience abreast of the hottest news, as it breaks. Our only goal is to provide you — the reader — with important information, and we would never insult your intelligence by publishing unlabeled promotional material. Hong Kong. Share on Facebook Share on Twitter.

Rick D. Read More Read Less. As a leading organization in blockchain and fintech news, BeInCrypto always makes every effort to adhere to a strict set of editorial policies and practice the highest level of journalistic wre. Are altcoins going to 0 being said, we always encourage and urge readers to conduct their own research in relation to any claims made in this article. This article is intended as news or presented for informational purposes.

The topic of the article and information provided could potentially impact the value of a altcoinw asset or cryptocurrency but is never intended to do so. Likewise, the content of the article and information provided within is not intended to, and does not, present sufficient information for the purposes of making a financial decision or investment.

This article is explicitly not intended goinh be financial advice, is not financial advice, and should not be construed as financial advice. The content and information provided in this article were not prepared by a certified financial professional.

All readers should always conduct their own due diligence with a certified financial professional before making any investment decisions. The author of this article may, at the time of its writing, hold any amount of Bitcoin, cryptocurrency, other digital currency, or financial instruments — including but not limited to any that appear in the contents of this article.

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Congrats if you either shorted or stayed away from buying any crypto-assets in BTC is money whereas the other alt coins are just another unlimited digital currency. But since April, t he once-correlated altcoins diverged from Bitcoin significantlyand have since gone arf to reach new lows. Coins that shy away from this will fail. But there are still multiple receivers of coins which may decide to liquidate. The crypto-subreddit on Alt-Coins should be a huge lesson for all investor — it should be put in finance courses on how to spot a bubble most of it was kinda hilarious tbh. Also, keep in mind an ETF doesn’t solve many of the inherent issues Bitcoin has, but it does change perception. Also, think about the long-term utility of the coins surging. Banks only adopted it as a test, and the Ripple Net system does not need the token to function. The companies are linked because they share a chief executive, Jan Ludovius van der Velde. My point — it’s early Home Archives Jon Markman more Contact. Google FedCoin and read the white papers from Crypto Credit Lines 00.