Topic: A sad year for alts, here are the charts. (Read 2013 times)
Yea that was back when I was mining like 80,000 Doge a day with 2 5870s and a 7970ghz edition, so much heat pouring out of those gpus mining scrypt
Dogecoin is doing better. Close to 3x better(market cap at least).
well unobtanium is higher today than it was 1 year ago.
It's the most stable coin out there despite not being hyped.
And it's stable now - and in case bitcoin crosses the river to the south you'd better be owning some uno.
edit:
ah, i see, others already commented. Good one.
It's the most stable coin out there despite not being hyped.
And it's stable now - and in case bitcoin crosses the river to the south you'd better be owning some uno.
edit:
ah, i see, others already commented. Good one.
Nomination for the worst shitcoin of 2014: CANN aka Cannabiscoin. It has lost -2300% of value since October 2014 after their artificial price-pegging scheme. One dollar invested in CANN then is worth less than a nickel today. http://coinmarketcap.com/currencies/cannabiscoin/
Oh, In addition the dev was also caught hiding 20 million pre-mined coins and tried to cover it up. See here for details: https://bitcointalk.org/index.php?topic=829975.180
Oh, In addition the dev was also caught hiding 20 million pre-mined coins and tried to cover it up. See here for details: https://bitcointalk.org/index.php?topic=829975.180
I'd say that is was a pretty OK year for the alts. A lot of them popped out of nowhere, some of them still have a good chance to survive and.. more important, some have interesting features.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
I agree, there are too many alt coins out there. Right now, I hope the ones who are serious about not being in the game die out, and the ones who are stay in the game. This year, I see that many coins will fail, but that's a good thing for the overall economy. We will know what to count on.
It's survival of the fittest. There were a ton of shit coins released last year that deserve to die out. The worst ones were so badly copy pasted that the block chains stopped working after a month or two.
I'd say that is was a pretty OK year for the alts. A lot of them popped out of nowhere, some of them still have a good chance to survive and.. more important, some have interesting features.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
I agree, there are too many alt coins out there. Right now, I hope the ones who are serious about not being in the game die out, and the ones who are stay in the game. This year, I see that many coins will fail, but that's a good thing for the overall economy. We will know what to count on.
I'd say that is was a pretty OK year for the alts. A lot of them popped out of nowhere, some of them still have a good chance to survive and.. more important, some have interesting features.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
I really hope that the number of new altcoins will be very small in 2015 and the ones wanting something new could better take over / revive existing coins.
Overall, 2014 was a good year for crypto technology imho.
Sad year for all coins, not just alts. I think, (hoping) that this is the year for them.
i hope the slump continues for 2 more years, so we'd know which ones are legit.
There's a serious argument for that. Two years of nothing will weed out the short-termers & quick-buck artists. The ones who stay will be people who really believe in the technology. Or at the very least, people who more-or-less have to believe in the technology to deliver the big score they're hoping to make.
Also, it'll weed down the active devs to people who get galvanized by a low price or who don't really care about the price because they're entranced with growing the technology. People like that will be better devs, because they won't need a skyrocketing price to get their motivation working. When you think about it, a skyrocketing price is like flattery. Imagine someone who's a talented worker but who needs continual doses of flattery to work. How does someone like that compare to someone who works fine when ignored?
Every disruptive technology goes through this stage: the huge letdown stage after the initial burst of glory. It's times like this that separate those with real grit from those who just want to make a quick buck.
( And as a bonus: the scammers will flit off elsewhere, and the public memory is short....
) The good ol days 
Man that was the time to make some cash
Man that was the time to make some cash
The good ol' days before I arrived.
damn!!!!
don't forget that was a sad year for Gold too!
...oh! and for Silver too!!
... oh,,, also for Gas too!!!
wait! too many to list : use that link : http://www.nasdaq.com/markets/gas.aspx?timeframe=1y and check the left sidebar for the goods
-= not see the forest for the trees =-
don't forget that was a sad year for Gold too!
...oh! and for Silver too!!
... oh,,, also for Gas too!!!
wait! too many to list : use that link : http://www.nasdaq.com/markets/gas.aspx?timeframe=1y and check the left sidebar for the goods
-= not see the forest for the trees =-
Yeah I think alts have a better chance than bitcoin
A sad year for alts? It's been a sad year for bitcoin too, though bitcoin is pretty much the only coin I think that has a future. Pretty much all the others deserve to die off as there's no genuine use for the vast majority of them.
Actually it's been sad year for bitcoin and bitcoin only. Alts are still at same value as they were..some of them have gained value overtime. Bitcoin has been on decline since January and I don't think it's EVER going back to that level again. It was one huge pump by a pro and he cashed out in January. Market is the living proof.
Some rich guys were mining it and as soon as they found that they could get fiat in exchange of bitcoin they started pumping it.
https://web.archive.org/web/20140104141936/http://coinmarketcap.com/
https://coinmarketcap.com/
1 year ago today, verses today.
5 of the top 10 are still alive.
I didn't see a single example of a single coin that is better today than a year ago, including Bitcoin. And some like Litecoin and Peercoin have even lost like 90%, and some like Mastercoin even much more than that.
I feel so sad when I see the charts. From this point of view we got bearish times behind us right now.
A sad year for alts? It's been a sad year for bitcoin too, though bitcoin is pretty much the only coin I think that has a future. Pretty much all the others deserve to die off as there's no genuine use for the vast majority of them.
get some Bitswift, hold and enjoy in the not to distant future.
legit coin, legit dev (dude is public) and there's huge development releasing soon for it.
you're welcome.
legit coin, legit dev (dude is public) and there's huge development releasing soon for it.
you're welcome.
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I like PTS/BTS ... I think they are the leading example of DAC, but I still can't understand what the funtion is of my PTS, nor even how to redeem them for all these side projects. It's over my head and more than complicated to understand.
The UNO exchange is not a centralized institution, it is a way to link trusted parties, in the old fashion way. I hope BTS can figure how to store $1 in this 'dollar stable asset' forever ... but like I say whom am I trusting in that agreement? UNO exchange does the same but you choose which person to trust, the closest example is localbitcoins.
1. You're right it got quite complicated. So they merged a lot of efforts. Now you just buy BitShares at no.5
It's a Super-DAC that offers loads of options all on one blockchain.
2. You are trusting open source code and mathematics.
I hope the following explanation helps, though it can seem complicated if you've never traded before but for the end user it's very simple...
If you want to buy 1BitUSD it costs you $1 worth of BitShares & it's very easy.
But what happened to create that decentralised dollar and to make it secure?
People who want to take a leveraged position on BitShares can short a BitAsset like BitUSD at the price feed.
The shorts are required to lock up $2 worth of collateral and they compete on how much interest they're willing to pay the longs.
When a long (Someone who wants 1 BitUSD) meets a short, a new fungible BitUSD is created.
http://bitsharesblocks.com/assets/asset?id=USD - This system maintains an average of 300% of collateral to back BitAssets and is able to generate interest for BitAsset holders.
http://bitshares.org/the-value-proposition-of-bitshares-part-ii-bitassets/
For the end user though it will be very simple, there are BitUSD, BitCNY etc. specific mobile wallets coming with 1.0 soon.
You can get a glimpse of one of the versions coming at 1:40 in this 2 min promo video
https://www.youtube.com/watch?v=fnunXnLdJdw
Unobtanium is up $160k year over year. It's holding value well, especially considering it past through a inflationary period during 2014.
http://unobtanium.uno
http://unobtanium.uno
And now rubs elbows with World, Mega, and Nova.
I don't know if that show if UNO should have been worth $15Million or that these World-class coins were only really worth $500k.
Anyone have a sound argument that XYZ coin is better at holding value than UNO?
It's 2 parts getting the algo right and 1 part having great/mature/forward-thinking community.
And zero parts ... fancy website, ICO, air-drop, special navajo speaking teleportation anonimizer, nor the promise of a ton of Urine.
The guy running the circus ain't too bad either
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I like PTS/BTS ... I think they are the leading example of DAC, but I still can't understand what the funtion is of my PTS, nor even how to redeem them for all these side projects. It's over my head and more than complicated to understand.
The UNO exchange is not a centralized institution, it is a way to link trusted parties, in the old fashion way. I hope BTS can figure how to store $1 in this 'dollar stable asset' forever ... but like I say whom am I trusting in that agreement? UNO exchange does the same but you choose which person to trust, the closest example is localbitcoins.
MSC down more than 98% in 12 months. Yet crazy how even now CounterParty (which realised everything MSC promised to do- and much more) is still trading at 90% discount to the price of MSC quoted there.
Either irrational exuberance in entire alt market fueled by the overbought & manipulated btc and all we've been seeing is a steady slide back down to reality- in which case slowly market matures and starts to filter out the wheat from the chaff realising there is only limited fiat inflow and there needs to be actual utility...or really a mad bear market going on these past months where nothing is safe from the red. I'd wager more of the former, esp considering junk like auroracoin reached laughable caps..
Either irrational exuberance in entire alt market fueled by the overbought & manipulated btc and all we've been seeing is a steady slide back down to reality- in which case slowly market matures and starts to filter out the wheat from the chaff realising there is only limited fiat inflow and there needs to be actual utility...or really a mad bear market going on these past months where nothing is safe from the red. I'd wager more of the former, esp considering junk like auroracoin reached laughable caps..
Good luck to Fandangledgizmo and Bitshares -- and we've been running a decentralised (albeit 'manual') exchange for months. Come and say hello:
https://bitcointalksearch.org/topic/unobtanium-in-house-exchange-757232
Mark (IndiaMikeZulu), Australia
https://bitcointalksearch.org/topic/unobtanium-in-house-exchange-757232
Mark (IndiaMikeZulu), Australia
Good luck to you guys too. According to the poster above UNO had a good 2014, well done
From a brief look at the link it looks like you're doing a trust based trading option, which then is not decentralised. As in, personally I don't want to have to trust a bank or centralised exchange or a 'trusted trader' which the option you seem to offer.
BitShares lets you store and trade value in a decentralised way, no centralised or counterparty risk
More important are the BitAssets. With BitShares you can send a dollar stable asset, globally in ten seconds for 1 cent regardless of transaction size. It's all on the decentralised exchange and backed by 300% average collateral - No centralised banks/exchanges/trusted traders to target or worry about.
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