Topic: altcoins are all dying - page 8. (Read 11189 times)

Altcoin are NOT dead. We are just seeing a consolidation phase, like we have seen already several times before in the past

Prices already imploded, and threads like this one (everybody Bearish) means it might be time to turn Bullish soon.

One thing I think a lot of people here do fail to realize is that Yes, during a sidewayz or downtrend for BTC, alts seem to die off, but as soon as BTC starts moving up, a bunch of top tier altcoins move up a whole bunch more. Say for example, a day where BTC jumps a solid 10%, its not uncommon to see a lot of alts up 20% or more. Also, there is the "time" factor. There could be a point in time in the future where some of these Alts that have come out this year could obtain a "collectable status," especially some rare coins that lose mining ability, like blackcoin or mintcoin? Who knows really, there might be a "Babe Ruth" rookie card on your hard drive as we speak . 

what? go back and read about tenebrix and fairbrix. this was 2 years before you get here so you probably don't have fresh memory, when artforz already pulling in coins with gpu while trying to pretend its gpu-resistant. LTC is nothing more than a clone.

and asic offer no real advantage to gpu.. lol.. maybe to small time end users that's true. But wafer cost for current gen LTC hybrid asic is 4k RMB and each chip manafacturer cost (exclude r&d come to ~0.9$ ) so of course it's so much better than GPU for whoever can produce this.. and that manafacturer can 51% it themselves if they didn't stand to lose more.

this is before taking into account efficiency and decreased power consumption. Next ASICS tape-out in June and have 3x increased performance.  As usual these company will build private mine then sell the rest at xxx% markup to shovel buyers meaning the losers are the guys who get caught buying the latest hardware to try and break even, maybe they just enjoy mining though like a hobby.  The whole point of LTC was supposed to be resistance to huge private mining operations, negating the need to buy expensive specialised hardware but the situation is worse than bitcoin and will continue to get worse and so it's just junk

Theres room for a handful of alts at best, but even combined they wont ever see anything close to 50% of BTC market cap.

BTC is the boss and its here to stay for the forseable future.

This is not the first time that altcoins are dying. Only altcoins with great developer and community can survive.

altcoins are just a measure of the mania.  it is a saturated market.  Sure there was a window where it made sense to mine/trade, but once the dust settles, the volume will shrivel up, there will be no more buyers and prices just implode.

Not just PPC is dying. Look at any altcoin - they are all falling down. Dark times have arrived for all cryptos .

Peercoin is a scam that makes the rich richer by doing nothing .

Anyways I don't need to further explain how shit peercoin  and it's anonymous dev is , go look at the 24 hour volume.

You think Peercoin is a "crappy scam" coin ?

This is an extremely clueless remark in my opinion.

Whatever volume statistics say, Peercoin is one of the very few alts that actually has a degree of originality behind it that would put it head and shoulders above the rest when it comes to contemplating a future cryptocurrency economy.

NXT is also trading on low volume and low price, but it's about the only alt I wouldn't even contemplate ditching right now - I don't care how low it goes. It's already justified it's marketcap simply in network services - never mind the fact that their potential is only starting to be realised by client software under development.

I agree about BTC and LTC on the basis of adoption, but jeez, if any coin justifies inheriting Bitcoin's legacy, it's definitely Peercoin, not Litecoin.

There is a large segment of the cryptocoin market that true anonymity will appeal to, but the average Joe doesn't care.

What do you guys think about Zerocoin and Anoncoin which are going to implement truly anonymous system? They definitely will be number one choice of black market, we all know that drug sellers and buyers are very first adopters of bitcoin. Most of altcoins are dead because they have no value of use, zerocoin or anoncoin might be different.

Too many newbies with no trading experience, following poor advice, desperate to become millionaires so they can quit their jobs and retire (jumping on every bubble hoping it's the next BTC/LTC). I have been trading penny shares for 6 years now and mid/late 2013 decided to diversify portfolio into cryptocoins (roughly 10%). This is 80% BTC/LTC, however I see promise in VTC and NXT (more of a punt hoping that they delivery on their promises).

Consolidation is inevitable, therefore holding more than 30% of your coins in anything other than BTC/LTC is reckless. Stock market trading is much easier as investors are rational and the markets follow trading patterns. Altcoin trading is like playing poker with 4 newbies and one whale with 80% of the chips (the 4 newbies are impossible to predict and the whale can bully you out of the game).

you obviously dont , fairbrix is a based on mutli coin where as litecoin is based on bitcoin.

and Litecoin asics offer no real advantage over gpus.

Completely agree. It's still very early in this space and I'm not confident in an eventual victor so I'm covering my bases and investing in all of them. Also agree with regard to Counterparty... they have a nice lead, but I don't count Mastercoin out by any means. The just released Mastercoin distributed exchange is rough, but it's really exciting to see so many people working on this problem.

That said, yesterday was a blast playing with Blackcoin... it reminded me of the easy money from the BTCT IPO days. There may be a few interesting altcoin ideas out there, but it's obvious that the alt market has mostly moved to a flavor of the week, greater fool based economy. Or, maybe it always was.

LTC is still copy-paste, who remembers tenebrix and fairbrix  ..what was that other shit geist gold or something. sat doing nothing for years then only saw a rise after keiser pump. joke coin, not the silver. ASIC centralisation quietly on the horizon, and it's supposed to be ASIC proof as a main attraction. Supporting LTC will be supporting the manafacturers who will sell their units at xxxx% markups.
 
Real innovations are not these flappcoin, country-gimmick coin or other shit clone flavor of the week emulating bitcoin and mined by few 15 year olds for extra pocket money,which will eventually completely reach saturation point. some will make money orchestrating these scams and some will be bagholders. the innovation is with entirely new concepts that provide brand new decentralised solutions to centralised problems in exactly the way bitcoin did.

for instance, hundreds of thousands of coins have been lost because of these centralised points of failures. Gox. BTCT, Bitfunder, GLBSE the list can go on for ever. Hundreds of millions of $'s destroyed because of centralised points of failures. 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

 

You forget to mention the new multi-platform plugin-ready java client about to be released by the goldcoin devs. 

guess you instamined goldcoin but missed the dumping train(or got run over).

all my sympathy to you   

We believe the top three future alts will be bitcoin, goldcoin, and litecoin.

The interesting thing about goldcoin is that the name tests #1 with consumers among all other coins. This is highly important as the consumer will ultimately determine which coins are used in circulation.

Around 99% of the world's population has never heard of altcoins. At some point these individuals will become exposed to cryptocurrencies and will need to decide which ones to use. Peercoin or PPCoin does not test well amount these consumers. Our research indicates that newly exposed English speaking consumers will gravitate towards Goldcoin.

This is very easy to test. Just find one of your many friends that don't know about altcoins and do the test. Explain to them about cryptocurrencies and then offer to send them a few. Ask them if they would rather have 100 Goldcoins or 100 Peercoins.

If you perform the test without giving away current values, they will 100% of the time pick Goldcoin.

Horrible choice , Peercoin is a dying coin look at the 24 hour volume.

Hodl btc and ltc and stop trying to become a overnight millionaire with crappy scam coins .