Topic: Alt Crypots hurting prices? - page 3. (Read 2788 times)
I agree. I'm not sure if it actually hurts the prices, but the current spam of alt coins is pretty bad. I've went on the Feathercoin train and profited, and am now profiting from BitBars, but I feel slightly bad for hopping on these trains. I mean, it's profitable but I feel like I'm turning into a greedy person. After the BitBar, I'm off the alt coins (atleast the new spammed ones, LTC,FTC,DVC seems good).
Anyone else think that alternates are hurting the price of BTC?
We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.
I guess now the only way to make money these days is todesign rename the newcoin mine it first and sell it in 3 days.
We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.
I guess now the only way to make money these days is to
Right here you just pretty much explained why there is so much hate for Alt coins.....because its taking a cut out of BTC and LTC.
Yup, this has become an alt coin bubble which will burst just like the housing market bubble. All these cloned coins aren't worth as much as people are paying for them. Just the same coin with a different name. But just use it make profit, get every new coin early and sell at the top of the bubble.
Anyone else think that alternates are hurting the price of BTC?
We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.
I guess now the only way to make money these days is todesign rename the newcoin mine it first and sell it in 3 days.
We keep getting new coins that just have a source code change that have 5 million made the first day, and everyone thinks they should be worth 25 cents. This is bringing money out of the market for BTC, and LTC, because everyone dumps them for these new coins, because by tomorrow they should be worth $1... for a worthless coin that only has the value of trade.
I guess now the only way to make money these days is to
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