Topic: All alts going crazy, people are fed up!!!! - page 3. (Read 4065 times)

Vertcoin up over 200% really remarkable, I made quite a lot of advantages in altcoins the last few days

I think it's mostly due to the fact that people have lost their coins when Cryptsy went down. People are buying back the altcoins on other exchanges and are driving the prices up to high levels.

for western ppl there is only poloniex and bittrex left.

pump and dump

only one thing that is important is hash rate of each coin. Bitcoin is always #1

The bonkers volumes are on poloniex. They're about as solid as alt exchanges get even though they tthemselves have been hacked. They sorted it with some class.

Holy jesus..

This death of cryptsy has made things interesting..

Any well trusted alt exchange people are using?

And those altcoin price will rise down when block size problem has solved, but we even don't know for sure when this problem will be solved.
But, ethereum's price which is most hot altcoin isn't raising though

Guess traders and altcoin investors are happy right now, i even saw an altcoin which rise above 1000%
Even so, none of these altcoin can fight bitcoin market cap or trading volume.

Almost all ALTcoins, price goes up. and many are dumping their coins, but the price pump continues. We will see a new year for ALTcoins this 2016

IMO this might be related to the Cryptsy issues. Crazy volumes on the other exchanges.

yes, in my case I changed like 2/3 of my BTC stack and bought LTC.

I thought that having LTC now is better than sitting in bitcoins, since is the only alt that didn't raise its price so much yet 

No chance.

Pump n dump. All of them....

That doesn't mean to say that one of them won't emerge one day with a bit of substance behind it, but for now, is all about naive investors being taken advantage off by not so naive investors, who know to buy when the Alt is scraping along the floor, but showing signs of turning up. Very often, it is the designers of the coin who ensure that their coin is pumped, in order to prevent it from being de-listed.

I subscribe to a small trader community, and all those guys have been posting charts of all these bullshit coins for the past couple of months, showing their entry points, and the points where they double their money, sell half thus creating a free position, and then double up again, selling half, then again, selling perhaps all.

As I said before, post X-Mas/New Year, is Alt season, cos it is the time of year when a lot of geeky kids, will have been given a seasonal bung from their granny or whatever, and get the bright idea to multiply thier wealth by piling into an Alt that is going 2 da the moon. These guys come running towards cryptos chasing big profits with all the market savvy of an Alaskan Mountain Goat....and their in wait, are all the owners of these coins, and all the n00b traders from Bitcoin, who find themselves all of a sudden to be sharks in the garden pond.

Not really, if seen on a reasonable time frame, say: ~1 year.

Of the top 5 alts, some are dropping (Ripple), some are flat compared to a year ago (Litecoin), and some are rising (Ethereum). Over the same yearly horizon, Bitcoin is doing pretty good compared to a weighted alt basket (eyeballing it here, don't care to calculate it).

Now, Ethereum is clearly going through a major pump right now. Not just by price, but also judging by how I've received several spam messages in the last week, suggesting to "get in while I can". Which probably only means, the pump is likely to come to an end soon.

For someone who's into short time frame / high risk trading it might make sense to trade that Ethereum pump. But for an investor (or even: swing trader) I doubt the current price to be a good entry point for a long(er) term position.

Ripple on the other hand has been correcting recently, but based on the previous swing up, it looks like it has some upward potential after the correction is over. So if at all, I'd actually rather go long on Ripple than on Ethereum right now, but not really, because: fuck Ripple and their fully de-decentralized model.

Well, a $1 coin can go to $2 and double your money in less than a month so if people are still buying those coin doubler sites they might as well try these alt coins.

It has been a long time since any altcoins have really taken stage and DOGE is now above 100 wow! there will be a lot of happy people with large bags that thought their coins were dead and can now see them back in the game.

shitcoins everywhere and people with blind faith will keep raising it up. they're only useful at the start of their life, and they're also useless at the start of their life.

I never heard of Infinitecoin & Xiaomincoin, but they're up atleast 150%....Good times for those alt-coins lovers.

I didn't bother to look at the other 100 shit alt-coins at the 2e page.

About time, havnt seen this type of volume in the alt markets in about a year... Nice change of pace. To bade none of them are my coins yet.

I'm glad i see rise of Altcoins. I believe we can see again new good projects and ideas.
Go back to alts and take share of cake!

Nope..

It's just 'Alt Coin' season. Traders on site I that I subscribe to been going on about it for weeks, and well in advance of them all taking off.....I personally never jumped at the chance to start doubling and then quadrupling my BTC though....I only like to fight battles that I am going to lose. I have stuck with Short Stop Running, Manipulated by the Market Makers Bitcoin.

I have no idea why the post Christmas/early new year period is Alt Coins season, but it is....some theoeries about of 'Little Johnny Geeklord' just having been given a $500 bung for his Christmas, and gets a bright idea about how to make a mint with it, thus rampers start pumping Alts, which attracts Little Johnny and others like him to pile in.....

.....quite insidious really.....taking advantage of the naive and stupid, but then that is markets in general.

Maybe it's because most people lost their altcoin side bets on cryptsy and are now try to replace them elsewhere?