Topic: Altcoins dying???? - page 8. (Read 10854 times)
well now 1.5 MH/s is averaging $10-15 a day with the most profitable coins, I give it 1 week to reach $2 a day dont you all agree? Or does it have a chance of boosting back up. I don't no.
Maybe you didn't pick the right coins.
I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.
And a heck of a lot more than I could have sold them for that same day, too, I think?
But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.
-MarkM-
I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.
And a heck of a lot more than I could have sold them for that same day, too, I think?
But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.
-MarkM-
I mine the most profitable coins, ATM doge.
Miners remind me of fisherman who overfish an area and then complain about the diminishing catch while continuing to overfish.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
Not true. It depends on the price. At the last summer miners dumped their coins accepting so little price level. At that time that was total nonsense and the lack of the sense for speculations.
Miners remind me of fisherman who overfish an area and then complain about the diminishing catch while continuing to overfish.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
There is nothing wrong with this and it will change once people stop wanting to buy crap coins straight away.
In the past you could buy any coin when it launched and make a lot of money a couple of weeks down the road, this meant there were always buyers so it was always worthwhile for people to mine and dump.
With the creation of 10 new rubbish coins per day you'll start to find that nobody wants to buy them, so miners will find that mining for a quick dump isn't worth it any more.
Miners remind me of fisherman who overfish an area and then complain about the diminishing catch while continuing to overfish.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
Miners are killing the goose that layed the golden egg. When an altoin does manage to attract an influx of buyers like Doge did, Miners don't give the price a chance to grow and attract even more buyers in. No, they dump on the first rise and knock down the price and also knock down any investors who might have chased a rise.
You don't see hedge funds selling off their stocks and killing a market. There's a subtle way to sell and miners have no subtlety.
umm I know it relies on difficulty and reward, but guess what, a week or two the difficulty AND exchange rate for most ALTS were the same as they are now, BUT they are worth alot less , a week or two for a few weeks it was stabilized at 1.5 MH/s will get you arolund $40-50 a day , if one coineds profibility went down, go the next. Litecoin was ALL THE WAY at the bottom of $7-9 a day at that time, now the difficulty on most are still the same (decreasing and rising, though stable on most) THOUGH the prices are way lower, a 1.5 rig will get you $15 today.
simple solution: Don't mine now, but instead mine two weeks earlier in December. 
Maybe you didn't pick the right coins.
I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.
And a heck of a lot more than I could have sold them for that same day, too, I think?
But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.
-MarkM-
I mined Protoshares for a day or so when they first came out, their difficulty climbed so fast that it didn't seem worthwhile after that but the Protoshares I mined then are worth a lot more now than the same amount of hashing would have normally made that day.
And a heck of a lot more than I could have sold them for that same day, too, I think?
But wasting hashing power on the kind of scams that exchanges like Cryptsy specialises in - the scams of the day, basically - seems like peanuts compared to those few occassions when one has a chance to get something long-lasting at a low difficulty.
-MarkM-
Alt-coins aren't dying. They are going to be around for quite some time. Your income per day relies on a combination of difficulty, reward, and the current value of litecoin and bitcoin. As any coin lives on rewards get smaller and difficulty usually get higher. To compensate that usually causes the value to go up.
Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
100% agree. I sell most of the alts I mine immediately for LTC/BTC. Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
Alt-coins aren't dying. They are going to be around for quite some time. Your income per day relies on a combination of difficulty, reward, and the current value of litecoin and bitcoin. As any coin lives on rewards get smaller and difficulty usually get higher. To compensate that usually causes the value to go up.
Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
umm I know it relies on difficulty and reward, but guess what, a week or two the difficulty AND exchange rate for most ALTS were the same as they are now, BUT they are worth alot less , a week or two for a few weeks it was stabilized at 1.5 MH/s will get you arolund $40-50 a day , if one coineds profibility went down, go the next. Litecoin was ALL THE WAY at the bottom of $7-9 a day at that time, now the difficulty on most are still the same (decreasing and rising, though stable on most) THOUGH the prices are way lower, a 1.5 rig will get you $15 today.
Alt-coins aren't dying. They are going to be around for quite some time. Your income per day relies on a combination of difficulty, reward, and the current value of litecoin and bitcoin. As any coin lives on rewards get smaller and difficulty usually get higher. To compensate that usually causes the value to go up.
Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
Previously Litecoin hit an all time high of $70+ and Bitcoin was over $1150. The higher the value for those, the more money you will make when you sell your altcoins for them. Bitcoin dropped to the 500s and is now in the 900s again which is great.
Altcoins are a volatile market you aren't going to make the same amount of money every day/week/month. But if you play it right you absolutely make more than mining litecoin and you can make mega bank if you mine a brand new coin, rake up tons, then get lucky and it hits the exchange sometime later.
But by all means, the best thing to do is INVEST in LITECOIN and BITCOIN.
well are you guys sure? I mean the prices are just decreasing EVERYDAY, i mean at this pont 1.5 will get you $15 max, Idk :/
I see the purpose of this topic is pump pump pump Bitcoins
your just not keeping up with the pump and dump scheme buddy lol
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.
YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later
I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.
Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily
This whole scene is a pathetic lost cause period .
I agree with you that the entire scene loves pump and dump. However the 1% are really gonna be game changers and its all trial and error. i see people calling everything fake and scams. including the exchanges and i agree to a certain extent because when its all said and done. the pros out weigh the cons. like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.
YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later
I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.
Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily
This whole scene is a pathetic lost cause period .
Pointless clone coins seem to be dying, the ones with original features (Litecoin, Peercoin, Primecoin, etc.) seem to be staying strong.
Yes the old ones, but the new coins with actual benefits are buried under all the crapcoins.
And its normal, who has the time to read all the announced coins..
And the coins who do get the most attention (doge,cat,coinye) are a fucking joke.
So the good coins stay under and don't get invested in.
Why do you think somebody should read all bullshits in newly announced coins? This is very important if you wish to be misinformed.
Who has enough time to read several hundreds pages about not 1 month old coins? lol
The biggest mistake is this in this topic:
When BTC goes up. Alts go down.
Makes sense. It's math!
I don'see any altcoin which made less growth than Bitcoin from the last summer. And Bitcoin fell 3 folds from the top and now is half recovered to the middle of that range.
it may be.. but the alt-coin is the middle class man's free market.
If alt-coin is the middle class' free market, then the upper class will come by and stomp on the middle class' sandcastle. where do you think the whales come from? they're not big-boned middle class folk.
no doubt. but the playing field has become de-centralized. now, the intelligent people who led different branches of life can get ahead in their own homes or properties. investing in this is a better gamble than starting up a small business right now.
if i'm wrong, why are you here? not tryin to be a dick.. jus sayin.
Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.
yeah they are saturating it, with all those crazy altcoin waves, it become a bit silly now...
The money for all these pump and dump schemes has to come from somewhere.. The influx of get rich quick miners, looking for the get rich quick coin , sell sell sell and make some money. Long term it will erode the market, and is generally what I see happening.
At the end of the day, more money being pumped into bitcoin , and it's still early days.
Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.
yeah they are saturating it, with all those crazy altcoin waves, it become a bit silly now...
your just not keeping up with the pump and dump scheme buddy lol
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.
YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later
I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.
Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily
This whole scene is a pathetic lost cause period .
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.
YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later
I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.
Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily
This whole scene is a pathetic lost cause period .
This is the same thing that 5 years ago people were thinking Bitcoin will die and today where is we all know so almost all altcoins will survive and miners please try to save your coins, we could see loow panic sell and low auto miner sell now but if there will not auto miner sell and panic sell of course altcoins price will go up and with same 1Mhs will give you $30+ everyday. Why can't you guys wait with your coins. First try to believe what crypto is and after that do it.
I think there is a fundamental difference of mindsets between 'miners' and 'investors'
Miners invest in hardware/electricity/time so are more eager to see a more immediate ROI to cover costs, whereas investors don't have ongoing costs are are used to sitting on investments for weeks/months/years for good returns.
If miners mindset change a little more towards seeing it as a longer term investment , it may help long term,
instead of just trying to get rich quick.
Leaving your money in crypto is a good investment with amazing returns, be more patient and we will all be better for it
Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.
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