Topic: Altcoins dying???? - page 4. (Read 10852 times)

so you list a few positive aspects and then conclude that it's gonna be dumped when it hits cryptsy....

have you looked at what happened at coined up and coinex to EAC?


some guys with insanely high sell order blocks have been crashing the price back to starting value from the moment cryptsy launch was confirmed.

they place a million heavy sell order, force people to underbid, then retract that order and watch the price tumble. when it recovers, do it again. rinse repeat.

note that these blocks don't get sold. volume is way way too small. and that's the point.

someone or some people crash the price so they can buy cheap.

if people wanted to dump on cryptsy launch, they'd use the same tactics to PUMP the price before launch so they can make money.

they would not crash it to launch levels if they wanted to sell....


also: while most coins tanked when BTC spiked, EAC remained stable. all that means pretty much the opposite.

you've got what? an activity of 294 and you still don'T understand how the game is played? somehow I can't believe it.

as someone who has traded pennystocks for a living for years, I know all the tricks people use to manipulate low volume markets. EAC is being manipulated down to buy it. I and everyone who knows these kinds of markets can see that clearly

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon...

As long as it is profitable to mine altcoins, I guess they will not die completly.

Ha ha, good analysis.

Junk coin is much more rare coin than LOT or DOGE. Keep buying doge and lot. I will continue with junk when/if junk fall to the toilets bottom. lol

I've seen this happen a few times in some interval. my suspicion was that it coincides with a multipool script that checks every xxx minutes for the most profitable coin.

but whatever. you're too smart for all of us:

so 4 hours later you check and see it has changed. good for you, at least you checked.

but you did not poke your grey cells long enough to make them comprehend for you that a lot can happen in 4 hours...

you must be special or something...

They are dying because BTC/LTC is going to the moon.  I've been around long enough to see the cycle happen a few times over.  However your BTC is now worth more, so if you think about it, you're not losing out.  You get less BTC, but BTC is valued higher.

Hope this helps!

Ryan, dedicatedpool.com support/admin
[email protected] / IRC on freenode #dedicatedpool

Of course they are dying. Do you thing there is an unlimited money source to keep this circus rolling with 5 new coins every day?

Similar impacts occurred to Betacoin because the value of Bitcoin have risen. Although those who truly believe in this currency
will have real profit since now can buy very cheap

Altcoins are indeed DYING!!!! Already a few weeks. Lower high and higer lows. Now currently we are trading at levels that even altcoins are too cheap. LOT at 0.00000012???!!!, DOGES at 0.00000025???!!! I don't want to say anything but when you check that Junkcoin have a higher value then LOT then this say enough!!!!LOT and DOGE are being sold by the multipools, and those pools are destroying eachother. I notice a 2BTC sell at 0.00000012 on LOT, first how is it possible that they have so many shares!!!??? You already need to mine a long time to get this amount of coins.  Some multipool were hit hard today and will have a hard time to recover. Good think for the small investors as mining LOT and DOGE is not profitable at current levels, so pools will move away, value will start going up again, till the multiplepool are killing each other again.

You must be special or something.

It's listed on coinwarz at 26 satoshi. Takes about 3 seconds to check.

And it's the most profitable coin still because the difficulty has remained the same for awhile now and the block reward is still very high.

Pretty sure if a profit switching pool bases themselves off of coinwarz, they are already 5 minutes too late regardless. It's easier to contact the chain for difficulty info. Your wallet does this.

Some newb is probably buying doge at a high price, and it becomes the periods "highest selling price."

Coingen will accelerate the death of alts, leaving only the strong ones and a few cool ones. I hope it gets a cheaper competitor.

earthcoin just got picked up by btc38.com...  a chinese exchange

Betacoin is the descendant of Bitcoin for 1001 reasons.

The most profitable SHA256d cryptocurrency which is even profitable during these harsh times when the average joes dump it for nothing.

If you invest now you will make fortune in 2~3 years 

it's happening again!!  doge is on coinwarz at rank one as most profitable with 124 satoshi

actual value atm is 26 satoshi. a new alltime low.

this is shenanigans!
someone wants to manipulate multipools with these fake profitability numbers

This is a surprisingly interesting discussion, especially for a thread with four question marks in the subject.

I've been having a great time with Earthcoin since its launch and it has been a very interesting and enthusiastic community to be a part of. It's much more interesting when the devs are interested in marketing and developing the coin beyond the launch period. It's definitely still young but it has also differentiated itself from many of the other Litecoin clones (in the ways it has been presented and built around) and that's enough for me to spend my time mining it since it seems to have good prospects of future higher valuations.

I hadn't really read anything about Grain until this thread but it sounds pretty cool so I think I might throw a bit of hash power at it for a little while to get a few Grains to start earning from

The best pool to mine EAC now is pool.chunky.ms/eac/ .

Well to be honest i think the status page on coingen is actually helpful in a way as i will likely be avoiding any and all coins listed there. Just ctrl+f and search for new coin name.

Why? Its simple.. anyone getting a coin generated from someone else will basically have no idea how to compile a wallet or fix problems which are bound to come up in the course of mining a coin.. It seems the "GoTo" solution nowadays for a coin dev is "add nodes" beyond that miners are on their own. So ultimately a coin from there is headed to fail.

I think over time miners will also follow the same system of elimination with what coins they bother to mine.

Well i never got on the doge bandwagon.. couldnt stand it when i first saw its launch and opted for LOT instead.. Do i kick myself over it? No, not really, i think LOT has a potential for value over the long run and as i covered my hardware costs within 2 weeks of buying my 1st card so everything else is just a bonus. Small or big doesnt make a difference as i am in for the long run.

It's a case of long term vs short term really on what you choose to mine.
 
If we are going long term i would say trade all your alts for LTC as value will likely appreciate by the end of the year with the introduction of ASIC chips for LTC even if the ASIC are catastrophic failures it will only take some other company another 6 months at most to tweak and fine tune the process.

In the short term, coinwarz is helpful, to determine the best coin to mine but i generally ignore their top 3-5 picks simply because the profitability charts show the current most profitable coin based on difficulty and price and more often than not a multipool is already at it so your gains will be lower.. it doesnt matter what pool your in. If a multipool gets into mining a coin you are looking at around 800MH-1GH being casually tossed at a network and the following auto sell of the coins will basically drive the prices down by the time you get your coin to market. What i would do is mine anything but the most profitable and only sell when its at its most profitable on coinwarz that way you can catch the best price before the initial drop in price. If you arent hard up for immediate returns.. stick around for auto sells to come in and basically buy back the same amount of coins sold at a lower price. Its not the "Gospel Truth" but its a common enough occurence to be taken as a fact.

Looking at coinwarz your 1.5MH is expected to give about $15 a day in earnings so i dont think you are doing too bad on mining. I think we will actually see a rise in the value of the regular tried and true alt coins over the next few weeks as more and more miners get tired of the wave of new idiot coins and go back to mining what they are comfortable with. As for telling you to mine LOT i would actually suggest that you head over to the coins page and gauge the level of activity and decide if its something your interested in. Right now LOT is not the most profitable but its miners have fun with the superblock rewards so the network stays alive. Net looks promising from its price trend not sure why though as i havent had a chance to see their forum. EAC is impressive in the way it markets itself. Kind of a serious version of Doge really in their marketing just wish i dint feel like i was mining an earth day version of internet explorer.

I mined NDL for a few hours simply because i found the whole thing hilarious and they did a fun job on their wallet. I also solomine GRA when i am bored its not on any exchange and difficulty is at 0.6-0.8 and miners are reluctant to sell their coins because of the interests earned every 2 weeks on the coin. Personally, I would advice you to collect a small stake there as the dev bosian seems to be one really hard working individual. it really is a remarkable coin in that no accusations of scam flood the thread, DEV works hard to improve and fix issues, and there is no heavy push by any miners  to get listed on an exchange as they like mining there themselves. It was created about 2 weeks before LOT and doge and basically got lost in the scramble. If it does get on an exchange it could do very well.

I, myself, have partnered with a friend and will hopefully get two rigs operational by Feb through outside investments. I expect to get at least 10 rigs up by June in the same way. So, i do firmly believe in the future of a global digital economy.