Topic: altcoins are all dying - page 9. (Read 11189 times)
While bitcoin was the first and has by far the best infrastructure I think it is a mistake to write off all altcoins. Yes the present one coin per day is annoying, but that is what innovation looks like. It is possible that a better bitcoin can come along and attract significant community support. Once a site is built for bitcoin it is not too hard to adopt it to other coins, see for example what peerbet has done. I would not worry about exchanges, just look at how many stocks there are, exchanges tend to handle them with ease. However, I do think, due to network effects of developer support we'll see only a few survivors. I think LTC is a good, but they seemed to squander their large lead versus the other coins.
I'm starting to consolidate towards Peercoin, myself. Have a bit of LTC still left in my wallet, but will focus more on Peercoin regardless (including exchanging some BTC that I mine via Hashco.ws for it).
why peercoin? it seems to be at the bottom, and the trading band is narrowing fast. you know what happens when trading band narrowing means to alt coin? another down trend will begin soon. look at XPM, QRK(I just use the coin at the same age). how will ppc be different?
I'm starting to consolidate towards Peercoin, myself. Have a bit of LTC still left in my wallet, but will focus more on Peercoin regardless (including exchanging some BTC that I mine via Hashco.ws for it).
because it is completely useless, and most of the time random
these coins ALL have no future but pump and dump.
these coins ALL have no future but pump and dump.
It was still an important period for CryptoCurrency to allow this free flow of new altcoins the market is beginning to realise that if a new altcoin arrives in days weeks and topples Bitcoin or litecoin this is a disastrous situation for the whole class of CryptoCurrency and everybody in it.
I would suggest to make Bitcoin and litecoin at least 80% of your portfolio spreading your time energy and resources across 10,20 30 altcoins is completely unsustainable.
Bitcoin and litecoin are the foundation on which CryptoCurrency is built, do you all really want to see headlines "hotdog coin takes bitcoins crown" because CryptoCurrency will be come the hyper inflated laughing stock of the world"
Why mention litecoin ? Litecoin is the altcoin, future exchanges are unlikely to follow the chaotic process of having hundreds of alts maybe just the one or two.
I would suggest to make Bitcoin and litecoin at least 80% of your portfolio spreading your time energy and resources across 10,20 30 altcoins is completely unsustainable.
Bitcoin and litecoin are the foundation on which CryptoCurrency is built, do you all really want to see headlines "hotdog coin takes bitcoins crown" because CryptoCurrency will be come the hyper inflated laughing stock of the world"
Why mention litecoin ? Litecoin is the altcoin, future exchanges are unlikely to follow the chaotic process of having hundreds of alts maybe just the one or two.
It is like the Cambrian Explosion of alt coins. Only a few will survive. https://en.wikipedia.org/wiki/Cambrian_explosion
Look at the long-term graph for any old coin that is on Cryptsy, they were all dying, getter lower and lower from September to November. Then you know what happened. Just sayin' 
Yes they then exploded due to articles in the NYTimes and Wall Street Journal etc brought new money in, now it seems the only money goes to the latest pump n dump scam...........
cryptsy plan to add new take out old will just create a cycle where only money can be made by those in and out of the new coins as quick as they can then move to the next......that game will only ever last a few rounds, too many people get burnt and leave.
thats a win lose model...that leads to a lose lose model
yet it is possible to have a win win model.
Indeed cryptos look bleak right now, but I'm sure the media is not finished talking about them. They're still in their infancy, hence the apparent risks. But I believe
Seems the buyers prior to sept where from the lets pick a coin with a quality dev team behind, hold for a year or 2 and maybe we'll have another litcoin.
Since then though the new money seems to want to just be in a pump coin and if its not moving after a few days they panic.
Personally I've been buying up the older more established coins, but almost seems like I'm the only one
fortune favors the brave and did work great for me sept/oct last bear. Look at the long-term graph for any old coin that is on Cryptsy, they were all dying, getter lower and lower from September to November. Then you know what happened. Just sayin'
Yes they then exploded due to articles in the NYTimes and Wall Street Journal etc brought new money in, now it seems the only money goes to the latest pump n dump scam...........
cryptsy plan to add new take out old will just create a cycle where only money can be made by those in and out of the new coins as quick as they can then move to the next......that game will only ever last a few rounds, too many people get burnt and leave.
thats a win lose model...that leads to a lose lose model
yet it is possible to have a win win model.
Indeed cryptos look bleak right now, but I'm sure the media is not finished talking about them. They're still in their infancy, hence the apparent risks. But I believe
Look at the long-term graph for any old coin that is on Cryptsy, they were all dying, getter lower and lower from September to November. Then you know what happened. Just sayin'
Yes they then exploded due to articles in the NYTimes and Wall Street Journal etc brought new money in, now it seems the only money goes to the latest pump n dump scam...........
cryptsy plan to add new take out old will just create a cycle where only money can be made by those in and out of the new coins as quick as they can then move to the next......that game will only ever last a few rounds, too many people get burnt and leave.
thats a win lose model...that leads to a lose lose model
yet it is possible to have a win win model.
just like Bitcoin's value always went up when difficulty increased drastically.
no, look at merged mined ixc and dvc. btc did not go up because of difficulty increase. its difficulty increased from 1b to 4b today. the price halved.
Yes it did, but the very short-term does not really matter. We'll have to wait to see if the correlation remains.
just like Bitcoin's value always went up when difficulty increased drastically.
no, look at merged mined ixc and dvc. btc did not go up because of difficulty increase. its difficulty increased from 1b to 4b today. the price halved.
Yes it did, but the very short-term does not really matter. We'll have to wait to see if the correlation remains.
just like Bitcoin's value always went up when difficulty increased drastically.
no, look at merged mined ixc and dvc. btc did not go up because of difficulty increase. its difficulty increased from 1b to 4b today. the price halved.
Look at the long-term graph for any old coin that is on Cryptsy, they were all dying, getter lower and lower from September to November. Then you know what happened. Just sayin'
ie. YaCoin passed from 0.0004BTC in July to 0.00000350BTC in November, and then it ridiculously bubbled. We may be near that phase.
Plus, I believe the new asic scrypt miners will make the price go up, just like Bitcoin's value always went up when difficulty increased drastically.
ie. YaCoin passed from 0.0004BTC in July to 0.00000350BTC in November, and then it ridiculously bubbled. We may be near that phase.
Plus, I believe the new asic scrypt miners will make the price go up, just like Bitcoin's value always went up when difficulty increased drastically.
cryptsy adding new coins in such bearish conditions is not helping. too many coins is the cause of the bear market.
ADT takes very little btc/day to keep its price as its very close to proof of stake only !
pretty much , all clone coins with no real dev teams are dying and they should be.
now lots of alt with good dev team got dumped too.
lots of coins see a 20%+ crash in a single day, DGC, VERT, AUR, MEC, CSC, TAG, SXC and the list goes on.
half a billion LOT just got dumped rofl
cryptsy, I think you need to compare the daily deposit of BTC + LTC to the daily deposit of alt coin to decide the speed of adding new coins. The trend is killing your business.
all the new coins you added recently, just come to share the pool of btc and ltc in your accounts.
pretty much , all clone coins with no real dev teams are dying and they should be.
now lots of alt with good dev team got dumped too.
lots of coins see a 20%+ crash in a single day, DGC, VERT, AUR, MEC, CSC, TAG, SXC and the list goes on.
half a billion LOT just got dumped rofl
I still believe lots of alt coins are better than btc, inflation kill them all.
pretty much , all clone coins with no real dev teams are dying and they should be.
now lots of alt with good dev team got dumped too.
lots of coins see a 20%+ crash in a single day, DGC, VERT, AUR, MEC, CSC, TAG, SXC and the list goes on.
half a billion LOT just got dumped rofl
pretty much , all clone coins with no real dev teams are dying and they should be.
now lots of alt with good dev team got dumped too.
lots of coins see a 20%+ crash in a single day, DGC, VERT, AUR, MEC, CSC, TAG, SXC and the list goes on.
pretty much , all clone coins with no real dev teams are dying and they should be.
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