Alt coins dropping like a rock. | Bitcointalksearch.org

solid12345

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Quote from: markm on March 08, 2014, 12:29:34 PM

Whether they go up or down relative to USD is irrelevant, ups and downs relative to bitcoin are more useful since as long as your trading results in increasing numbers of bitcoins you are getting ahead and will be way ahead the next time USD crashes abysmally relative to bitcoin, which is quite a common occurrence. For example late last year USD crashed to something like 1/10th of its value or worse compared to bitcoin, and in the few years before that it crashed to what, 1/1000th of its relative value or worse?

Comparing to something like USD which is always in general tending downward and might even be in its death-throes seems silly compared to checking against something like bitcoin that keeps on tending upward despite the best efforts of various parties and opponents and such to drive it down.

-MarkM-

The dollar crashed to 1/10th its value? Cheesy

Look I have no faith in QE and the future of the dollar as the reserve currency either but if it lost 1/10th of its value last year we'd be in the second Great Depression right now.

MicroGuy

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Quote from: markm on March 08, 2014, 12:29:34 PM

Whether they go up or down relative to USD is irrelevant, ups and downs relative to bitcoin are more useful since as long as your trading results in increasing numbers of bitcoins you are getting ahead and will be way ahead the next time USD crashes abysmally relative to bitcoin, which is quite a common occurrence. For example late last year USD crashed to something like 1/10th of its value or worse compared to bitcoin, and in the few years bfore that it crashed to what, 1/1000th of its relative value or worse?

Comparing to something like USD wihch is always in general tending downward and might even be in its death-throes seems silly compared to checking against something like bitcoin that keeps on tending upward despite the best efforts of various parties and opponents and such to drive it down.

-MarkM-

+1

markm

legendary

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Whether they go up or down relative to USD is irrelevant, ups and downs relative to bitcoin are more useful since as long as your trading results in increasing numbers of bitcoins you are getting ahead and will be way ahead the next time USD crashes abysmally relative to bitcoin, which is quite a common occurrence. For example late last year USD crashed to something like 1/10th of its value or worse compared to bitcoin, and in the few years before that it crashed to what, 1/1000th of its relative value or worse?

Comparing to something like USD which is always in general tending downward and might even be in its death-throes seems silly compared to checking against something like bitcoin that keeps on tending upward despite the best efforts of various parties and opponents and such to drive it down.

-MarkM-

andyBernard

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I think when I get people together to help create my vision of PeePeeCoin, things will gain some credibility ... we will replace those early scam/pump and dump coins

MicroGuy

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Quote from: Viceroy on March 08, 2014, 12:20:08 PM

http://crypto-prices.com/GLD this isn't up over the last 24 hours, it's down.

Market prices fluctuate as you might be aware. At the time of my post the price was up 2% on the day.

Viceroy

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http://crypto-prices.com/GLD this isn't up over the last 24 hours, it's down.

MicroGuy

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Quote from: Viceroy on March 08, 2014, 12:16:53 PM

Yea, bitcoin fell, but it recovered... others have not recovered

http://crypto-prices.com/BTC

Bitcoin hasn't recovered as it's still 50% off the high, plus there are lags that have to be accounted for in the price movements.

Viceroy

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Yea, bitcoin fell, but it recovered... others have not recovered.

http://crypto-prices.com/BTC

ps. It's rude to take over a thread to promote yourself and your crap coin.

MicroGuy

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Quote from: Viceroy on March 08, 2014, 12:12:02 PM

Lol, look at it over a month:

http://crypto-prices.com/GLD

Yes. Until we get more fiat exchanges, altcoins will be subject to the ups and downs of Bitcoin. Plus we've pretty much been keeping the Java client under wraps until today. I think Goldcoin will be the first mineable crypto currency with a multi-platform Java client[/url].

Viceroy

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Lol, look at it over a month:

http://crypto-prices.com/GLD

MicroGuy

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Quote from: Beef Supreme on March 08, 2014, 09:30:37 AM

All the coins on Cryptsy are nosediving, except for Litecoin.

GoldCoin (GLD) is up 2% on the day!

The word is probably getting out about the new open-source Java client coming this spring. Cheesy

markm

legendary

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GeistGeld is even faster than 30 seconds, and since it is merged mined right alongside bitcoin miners need not even divert mining power to mine it, they can simply add it to their merge.

Since most merged mined coins seem to get pretty high hashing rates very fast once major merged mining pools add them to their merge GeistGeld can also maybe be reasonably expected to be able to secure its blockchain, unlike for example coins that use scrypt and are not merged mined.

-MarkM-

reRaise

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Quote from: El Dude on March 08, 2014, 09:43:04 AM

about time these crapcoins die .

Hey man can you just shut the fuck up? All you do here is trash talking alt coins, I agree that there are mostly crap coins and Cryptsy is a piece of shit adding every shitcoin but there are some legit alt coins which are better than Bitcoin alright? Why would i want to send with a coin that takes half an hour while i can send with another coin in 30 seconds? Fuck off!

markm

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Maybe people are cashing out of Cryptsy to move to some exchange that takes more care in selecting which coins are worth offering?

Being on an exchange that carries every pile of shit without seeming to even care whether the coin has enough hashing-power to secure its chain doesn't speak well for a coin, it just piles it in among all the scams thus making it seem likely by association that it too is just another scam.

Consider scrypt coins for example. Even litecoin's hashing power was so pathetic that a stupid meme was able to conjure up enough hashing power almost overnight that it could have blown litecoin away, it was just lucky that the meme happened to choose to use that hashing power to mine yet another "me too" coin instead of attacking litecoin. The next meme might not be so gentle. So even litecoin and DOGE have such pathetically low hashing-power their blockchains cannot be considered secure, and any with even less hashing power than them are total jokes, it is irresponsible to suggest people put money into such insecure garbage, it is simply acting as a honeypot to attract money for attackers to steal.

-MarkM-

bitcasino

sr. member

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Quote from: Beef Supreme on March 08, 2014, 09:30:37 AM

All the coins on Cryptsy are nosediving, except for Litecoin.

And it's just the beginning...

Viceroy

hero member

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Is there any good list of coins?

Anything better than this?

http://crypto-prices.com/42

(I don't see "coin2" on the sites list of coins)

Beef Supreme

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Put your trust in MATH.

Quote from: rohanwang on March 08, 2014, 10:07:31 AM

The surrival ones in end will become real currency someday.

Surrival? Not a grammar nazi, but that really impacts your statement.

rohanwang

newbie

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The surrival ones in end will become real currency someday.

ThePatient

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Quote from: pandher on March 08, 2014, 09:38:02 AM

While Coin2 is rocketing, 47 sats 5 days back, sold 50 coins for 0.005 btc today wohoooooooo

That is insane growth. I'm mad I missed that

Beef Supreme

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Put your trust in MATH.

Quote from: jparsley on March 08, 2014, 09:36:07 AM

Im sure its the gox fallout, great time tn buy..

You are either a big bag holder, a miner, or one hell of an optimist.

Buy low is great when it comes to BTC/LTC, but most of these coins are like the Titanic after it has been underway for a day.

Topic: Alt coins dropping like a rock. (Read 1729 times)