I don't expect this to happen. 90 % alts will die off. Institutions and big long term investors will not switch from BTC to alts as we did in the last bull run.
I think a lot of alts will die. I don't think that many though. To many people still enjoy speculating on them. On top of that there are still a lot of really cool projects out there when you search around for them.
I think anything built only for speculation without any use case is probably going to die a slow painful death for anyone stuck holding the bag. I really question a lot of these crap DeFi tokens too.
I don't see much innovation. Most projects are just copy cats.
Exchanges as well. But you're probably right. With a new bull run, a new wave of newbies will jump in and get wrecked.
Like we were in the last one, hehe.
Next Alt Season will be Huge... and there will be more Alt coins than we can think right now. since there were only 300 ALT COINS that I hear repeated that the alt coins will disappear
Let's hope so. I'm not set up like I was in 2017 though. Wish I was but between exchange hacks, losing access to Binance, getting kicked off Bittrex for living in NY and a wide range of other shenanigans, I sat on the sidelines a little more than I'm comfortable with. still have plenty of bags, but in 2017 I was set up perfectly! Not going to be the case for me this time around.
Next alt season should be HUGE! Fingers crossed!
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I don't expect this to happen. 90 % alts will die off. Institutions and big long term investors will not switch from BTC to alts as we did in the last bull run.
Posted Using LeoFinance Beta
I think a lot of alts will die. I don't think that many though. To many people still enjoy speculating on them. On top of that there are still a lot of really cool projects out there when you search around for them.
I think anything built only for speculation without any use case is probably going to die a slow painful death for anyone stuck holding the bag. I really question a lot of these crap DeFi tokens too.
Also, people just like to gamble.
I don't see much innovation. Most projects are just copy cats.
Exchanges as well. But you're probably right. With a new bull run, a new wave of newbies will jump in and get wrecked.
Like we were in the last one, hehe.
Posted Using LeoFinance Beta
LOL and the cycle continues 🤣
Next Alt Season will be Huge... and there will be more Alt coins than we can think right now. since there were only 300 ALT COINS that I hear repeated that the alt coins will disappear
Let's hope so. I'm not set up like I was in 2017 though. Wish I was but between exchange hacks, losing access to Binance, getting kicked off Bittrex for living in NY and a wide range of other shenanigans, I sat on the sidelines a little more than I'm comfortable with. still have plenty of bags, but in 2017 I was set up perfectly! Not going to be the case for me this time around.