pretty much , all clone coins with no real dev teams are dying and they should be.
+1 add all coins with no real sustainable projects too
Topic: altcoins are all dying - page 3. (Read 11189 times)
+1 add all coins with no real sustainable projects too
only 5-6 coins will remain. in a year or so
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
Bingo. A strong dev team and community. Some alt coins are slowly dying and others are swimming upstream. But look at how popular dogecoin is and yet if you are holding them, they are nearly half the price they were a month ago. Unfortunately, so many dogecoins are mined each day, it's hard to get that much new investment daily to at least hold it's value.
Look for alt coins swimming against the stream, and then look at their dev and community.
I am trying to look far ahead and there is no point to tell that altcoins are all going to die.
The reason why we have altcoins and people who use them is that bitcoin is not the apogee of cryptocurrency system.
IMHO, bitcoin was a first step to the era of crypto-monetary system and the second step was born of altcoins. I believe, the third step would be symbiosis of all best in each coin to create a new standard of coins like YES in fiat monetary system.
They're all dying, open your eyes people. It's over.
Trading 101:
They're all dying, open your eyes people. It's over. = What the masses say at the Bear market bottom.
Buy low, buy now.
+1. Or, for those who remember 2009, +676.53.
To Everyone: With the alt market whacked, you have the luxury of taking your time and doing some real due diligence. Your coin will still be there and you may even pick it up at a lower price after you've done your DD. Just take the long view and don't flip out when you find out you didn't catch the exact bottom.
NXT or NEM in my opinion is the only serious competitor to Bitcoin. It deserves to be NXT as they are the original coders, but public opinion might make NEM the winner. There is nothing else out there that has any meaningful difference to Bitcoin so why should it compete. Dark coin has anominity which is useful I admit.
There is only one reason, the inflation rate of the coins are much bigger than the community can support. @FreeTrade has a good analysis how many btcs required to support a coin each day. Altcoin is a big family, money move in and out any minute, eventually they should be treated as one society. The inflation rate in this society is way too high.
so wannabe devs, please stop making new coins, you are not going to get your time of money back.if you need so many btc premine to support your expense, why don't you just buy off the entire stock of some current coins in teen satoshi level. it has pools, has exchanges, saving all your so called cost, and your time as well.
ppl, stop buying ipos, stop buying coins from those ipo investors, the ongoing demand cannot support newly issued coins, you are going to see your investment halved, and halved again and again.
so wannabe devs, please stop making new coins, you are not going to get your time of money back.if you need so many btc premine to support your expense, why don't you just buy off the entire stock of some current coins in teen satoshi level. it has pools, has exchanges, saving all your so called cost, and your time as well.
ppl, stop buying ipos, stop buying coins from those ipo investors, the ongoing demand cannot support newly issued coins, you are going to see your investment halved, and halved again and again.
This is all absolutely normal market behavior, it follows all the normal patterns closely, all of this is just an aspect of very open market, invest badly, see the results. Long term invest in future systems see the benefits.
They're all dying, open your eyes people. It's over.
Trading 101:
They're all dying, open your eyes people. It's over. = What the masses say at the Bear market bottom.
Buy low, buy now.
They're all dying, open your eyes people. It's over.
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
Bingo. A strong dev team and community. Some alt coins are slowly dying and others are swimming upstream. But look at how popular dogecoin is and yet if you are holding them, they are nearly half the price they were a month ago. Unfortunately, so many dogecoins are mined each day, it's hard to get that much new investment daily to at least hold it's value.
Look for alt coins swimming against the stream, and then look at their dev and community.
I am fairly open minded. If you think, ten years from now, we will only be using BitCoin and LiteCoin you are either heavily invested or too optimistic to think they will be able to stay as robust as needed and nimble enough to continually incorporate new features. Eventually those changes needed to stay out front will either not be added quickly enough, or another crypto will have already cornered the market on that needed killer-functionality. IMHO, Doge and NXT aren't going anywhere. Doge has too much of a cult following and NXT has a head start on the other second gen cryptos and their offspring client is sick.
Eventually Ethereum will be in play and I am excited to see what they bring to the table at launch.
All of these will have to prove their worth over time. I could see BitCoin eventually being scooped up by the big banks and used for only major transactions between institutions. Us serfs will be stuck paying for our happy meals with Doge, McDonalds Coins, and StarbucksPoints.
Eventually Ethereum will be in play and I am excited to see what they bring to the table at launch.
All of these will have to prove their worth over time. I could see BitCoin eventually being scooped up by the big banks and used for only major transactions between institutions. Us serfs will be stuck paying for our happy meals with Doge, McDonalds Coins, and StarbucksPoints.
Niches
Long-tail
New opportunities
Micropayments
Fast transactions
At least 20 alts will grow bigger long-term (just watch)
That may be true but the golden question is which one? There's so many pump and dump that many have lost faith in alt coins but the ones that will stick around, I do expect them to jump in price in the near future because people would have faith in it.
Over time the winners will emerge.
Now it is hard to tell (Namecoin will probably be winner)
People seem to be underestimating the power of niches. The mainstream is less and less relevant, in the age of internet where anyone can belong in a myriad of subcultures. Each of them could adopt a coin and form their own small economy, it will benefit them as each new member of their subcultures will add value to the whole group.
AKA. The long tail
Excellent answer
With assets which offer P2P decentralised exchange built upon bitcoins distributed blockchain these are a thing of the past
of these next gen protocol layers that serve real functions, counterparty (XCP) is the fairest and here right now. It's my opinion this is the true dark horse out of current line-up. These provide VALUE beyond short-term speculative interest. PTS, MSC, ETH are money grabs primarily and so far more talk than action. ANXT is good, with a fantastic community but the distribution model was flawed, the wealth disparity there is way too skewed
of these next gen protocol layers that serve real functions, counterparty (XCP) is the fairest and here right now. It's my opinion this is the true dark horse out of current line-up. These provide VALUE beyond short-term speculative interest. PTS, MSC, ETH are money grabs primarily and so far more talk than action. ANXT is good, with a fantastic community but the distribution model was flawed, the wealth disparity there is way too skewed
Good point.
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
At least 20 alts will grow bigger long-term, imo.
The future is almost without limits.
Do you think our Average Joe, house wives will use 20+ crypto coins on their phone?
No, but the Average Joe and house wives don't have 20 different models of cars in their driveways.
Niches
Long-tail
New opportunities
Micropayments
Fast transactions
At least 20 alts will grow bigger long-term (just watch)
That may be true but the golden question is which one? There's so many pump and dump that many have lost faith in alt coins but the ones that will stick around, I do expect them to jump in price in the near future because people would have faith in it.
The only way to answer this question will be in the services they begin to provide.
ALL altcoins can serve a specific need...if you desire what that coin is selling...you mine it and spend it....
People seem to be underestimating the power of niches. The mainstream is less and less relevant, in the age of internet where anyone can belong in a myriad of subcultures. Each of them could adopt a coin and form their own small economy, it will benefit them as each new member of their subcultures will add value to the whole group.
Niches
Long-tail
New opportunities
Micropayments
Fast transactions
At least 20 alts will grow bigger long-term (just watch)
That may be true but the golden question is which one? There's so many pump and dump that many have lost faith in alt coins but the ones that will stick around, I do expect them to jump in price in the near future because people would have faith in it.
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
At least 20 alts will grow bigger long-term, imo.
The future is almost without limits.
Do you think our Average Joe, house wives will use 20+ crypto coins on their phone?
Do you think Overstock will add more 20+ coins along side with Bitcoin ?
Hell no. Only one cryptocurrency will go mainstream and receive mass adoption. All altcoins will die because they have virtually no consumer, they have only hoarders and miners.
Niches
Long-tail
New opportunities
Micropayments
Fast transactions
At least 20 alts will grow bigger long-term (just watch)
It's not that simple. Not every alt is well suited or designed to compete with btc/ltc for mass consumer adoption as a currency.
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
At least 20 alts will grow bigger long-term, imo.
The future is almost without limits.
Do you think our Average Joe, house wives will use 20+ crypto coins on their phone?
Do you think Overstock will add more 20+ coins along side with Bitcoin ?
Hell no. Only one cryptocurrency will go mainstream and receive mass adoption. All altcoins will die because they have virtually no consumer, they have only hoarders and miners.
Some will survive and when they do, they'll be bigger then ever. All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.
You need a strong dedicated coin dev team to survive.
You need a strong dedicated coin dev team to survive.
At least 20 alts will grow bigger long-term, imo.
The future is almost without limits.
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