Topic: Altcoins are dying (Read 1644 times)

oooh also completely forgot to point out - that the term actually belongs to Spencer not Darwin ^.^ Cant believe i forgot that! Bill Bailey did a great documentary about Spencer and he made a point that the term belonged to Spencer, from what Bill Bailey was saying, Darwin simply had the money and the notoriety to be able to get the message to the right people, where as Spencer was a penniless Englishman trying to make a living by selling the exotic species he was finding, if he had the money to backup his claims, we would probably be discussing Spencer in place of Darwin ;-)    Now who was it that said Marketing was everything.....

Lol thanks for the wikipedia quote, i still think my point is valid though ;-) if you go down the darwin route you need to explain to the youth of the UK today just what a metaphor is let alone who darwin was and his theories :-)  lol its like opening a can of worms  (is it just me or are young people getting stupiderererer?) I need to go back and re-read my dawkins books :-) i found some of his insights fascinating  (In particular  "The greatest show on earth" but maybe The God Delusion because it was fun! )



(also on the wikipedia front, we were always told not to use Wiki as a research  tool because it was far to easy to change the data on there to anything you liked! lol The good old days of my IT courses before wiki had enough people to moderate updates properly :-) )

Survival of the fittest really means "more adaptive will survive". Don't confuse the term with being "physically fit".

From Wikipedia for the lazy: Darwin meant it as a metaphor for "better designed for an immediate, local environment", not the common inference of "in the best physical shape".

Gotta disagree with the darwin thing!

It's not survival of the fittest anymore, it should be Survival of the most adaptive. with the world constantly changing, if a species doesn't adapt it, doesnt matter how fit they are, sooner or later something will adapt and eat it!  :-) just my thoughts on the matter.


As for this post, I would say its been about 3 weeks since the last time the alt coins died and i will put money on them dying again in another 3 weeks, oh yeah in between the deaths they always come back to life!


I have lost enough money selling my coins when the markets "die" Its too painful to watch the coin price go through the roof a few days later.  (Look at NetCoin LTC market on cryptsy! that market has died multiple times on me only to bounce back hugely every time! If i had held my 3.5mil netcoins instead of selling them in November (made $500 in november) they would crrently be worth 61BTC ($54,961), at their peak that would of been worth 101BTC! ($91,001)

So just because something looks dead, it doesnt actually mean it is! (I would just suggest you mine everything, hold everything for a minimum of 2-3 months and then make a judgement call on wether to sell or not - Coins will always go through an initial "Dump" stage when being listed, this can last a while. the trick is to find the coin that will come out the other side.  (just look at IFC)

a long shot (which im currently backing!) is Pennies (CENT), its currently at its lowest possible price of 0.00000001 XPM on cryptsy and with the recent change in the PoS its now not dumping trillions of extra coins on to the scene everyday, the sell orders on cryptsy are actually starting to be eaten slowly but surely. (On sunday evening there was over 10k XPM worth of CENT being sold at 0.00000001, today that number is down to 7.7k before the POS fix on the 8th the volume was about 800XPM a day being bought but with the excess of the coins the sells were mounting quicker than the buys - this seems to have changed now! so it might be a good time to buy a few xpm worth because you never know what might happen - 100% increase is very likely in my opinion. (but  if the lower sell orders vanish there no telling what the inevitable pump will do to the coin!  (to me its a massive amount, but to some its nothing! with that said, it would only take 675BTC to make the CENT price jump to 0.00000020 (20fold) then only another 342BTC to take it to 0.00000050 (50fold) So as i said its a long shot, but you never know, it could be one to have tucked away for a review in a years time :-)


oooh i forgot, if you wanted Pennies, please check out my eye pleasing signature :-)

Too many coins not enough BTC to go around.

Add into the fact there are multipools that rape the shit out of any buy orders.

These 2 things are, IMO, the biggest reasons your seeing a crash. Weak buy orders and then a multipool or 2 come in rape the coin for a few hours cleaning out any orders there may be.

You must be patient with markets if you are a holder. If you like to trade, this start of the year offers a good chance to invest in all cryptocurrencies. They will gain strenght when big masses adopt them in coming months.
I believe that alternative cryptocurrencies like Dimecoin and Dogecoin will be succesful this year since they offer potential on a cheap price. Both of them have grown very fast according to other altcoins and they have lots of succesful services available.

If i had enough money then i would first find the coins with wake buy walls, sell my coins to those wake buyers and then put a huge sell order at that price, this will result that people are afraid as they see this big sell order and they will start selling their coins even cheaper and as a small investor you put a big buy order, so they will all sell too you, and when you have enough coins you remove your sell order, buy a few shares and create a big buy order but now with 30-40% higher then when you sold your coins, people will put there buys above your big buy order and you start selling your coins. Very easy method to make big money, only you need to have a lot of money, else i would already done that , and even earn more and more money.

Altcoins with low trading volume is essential worthless. Price/total marketcap do not mather when no one wants to buy your coins.

For example. If you hold 100 btc worth of goldcoin, cryptogenic bullion and franko, 1/3 each, and you have to sell because you need cash fast. How much btc would you get?

that's not the point, people are being distracted from older established alts by this new breed of shit. Therefore the older alts are leaking support. However i see lot of the new wave of alts actually dead now, i mean dead.  As 1000s of new shitclones are released noobs start to realise these are not worth mining or supporting. Soon new coins won't even be looked at unless they have innovation. Most will never make exchanges.  Therefore all new incoming investment will concentrate on the alts already on exchanges and the price will rise again.


BIGGEST THREAT TO ALTS IS THE GREED OF CRYPTSY.  Cryptsy has shown again by adding 42 how greedy and self motivated they are. They ignored many new alts that had much larger support and added 42 only because they mined a lot of it themselves and wanted to dump it. There is no other reason for them adding it. They are meant to add coins that people want added, but they don't do this. They did it with orbitcoin before (the biggest premined scam coin ever) they added it in 2 days even though nobody mined it and nobody like it.  They got a huge bribe and put it on there.

Cryptsy needs to stop adding what they want, and actually only add coins that have huge support behind them.


If you want to blame alts crashing on anyone it is cryptsy and coinedup - they need to stop adding every single coin also.

How is it possible for ALL the money to move at once? OR maybe there is just a few with all the money.. moving at once. Think about this real fast. Altcoin prices are determined by those with the most bitcoins, who has the most bitcoins? That data is publicly stored in the block chain!

I bet if you google searched site:bitcointalk.org "altcoins are dying" you will see this thread over and over.

BEWARE of this weeks coin not the guy on twitter hehe

I believe DOGE will be huge next year. I've been reading a artickle of one wall street investor that bought DOGE and he believe that it will be a big buy. Other coins, i don't know, but i will not be suprissed if DOGE will become number 3 of the market behind BTC and LTC. Everywhere you see DOGEs, at least every website that i open

This is simply marktet fluctuations, nothing special. Look at stock markets.

We are talking about coins that have been on the market for a very long time like ZET,GDC,FST, that are no new coins...

Wait a bit the vacation just end up people are starting too put their projects on running , the party is over let's get back to work . And yes i notice a lot and most of them if you look on marketcoin cap you can see that all have a downwards trend ...for now because they are too MANY MINERS .

That are the coins that i follow, but to pump a coin you're at the wrong place... pumps are organize on twitter and certainly not on bitcointalk.

the strong established alts will be okay

all this last wave of shitclones except 3 or 4 will die. Then the remaining strong alts will all start to go up again as more people enter.

Right now you have a bunch of noobs trying to mine and pump every shitclone that comes out. This is not working and eventually everyone will just go to mine coins that already community and value.

This is the market.  Only the strong / useful / profitable survive.

Darwin had it right if he had been talking about crypto.

those first number are all pump lol, now they met their real price

I think there should be as many as many people are willing to make someone will survive and more importanly people will learn the process so we have bitcoin backups if need be

You don't know if the feds from around the world one night raid all people involved with bitcion as "terrorist" and we need to go underground