Alternates are almost $600 million vs Bitcoin's $5 billion.

Propulsion

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The Buck Stops Here.

Quote from: digitalindustry on October 01, 2014, 10:22:02 AM

Quote from: TaunSew on September 30, 2014, 07:09:26 AM

I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up. Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

Note: I am not talking about just LTC (there are many many alternates outside the top 3. Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions). There are likewise many new alternates with a capitalization in the millions which did not exist months ago.

http://coinmarketcap.com/

At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines. Looks like people are using alternates as a hedge against Bitcoin losses.

this is in essence exactly what will happen - there are many precedents for a shift like (or similar to) this occurring.

it is a natural mechanism by which all systems re-balance.

a very simplistic look at it is "never use the first new Windows release."

i'd say "never use windows" but i'd be bathing myself in hypocrisy.

Hail windows source code !

It's fine man. They're skipping windows 9 and going straight to 10. They've effectively skipped their once every version is a bad release. Windows FTW!!!!

peligro

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Quote from: nomoreheroes7 on October 01, 2014, 10:53:23 AM

Quote from: peligro on October 01, 2014, 10:32:17 AM

That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.

Sorry peligro, but there's nothing fake about BitShares' market cap. There's tons of investment dollars moving into the ecosystem on a daily basis; just look at the volume compared to Ripple.

Ripple, on the otherhand, is centralized garbage I wouldn't touch with a ten foot pole.

Just take a look at the CMC 90 day chart, showing Ripple conveniently jumping from a $40 million cap to $140 million overnight just days after they were legitimately surpassed by BTSX. Market cap manipulation at its finest: http://coinmarketcap.com/currencies/ripple/#charts

Bitshares marketcap is fake because around 70% is locked up in the genesis block. If all are claimed, a big chunk is held by the parent company.

You can't say Ripple is fake but Bitshares is not. I agree to stay as far away from Ripple as possible.

nomoreheroes7

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King of all the land

Quote from: peligro on October 01, 2014, 10:32:17 AM

That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.

Sorry peligro, but there's nothing fake about BitShares' market cap. There's tons of investment dollars moving into the ecosystem on a daily basis; just look at the volume compared to Ripple.

Ripple, on the otherhand, is centralized garbage I wouldn't touch with a ten foot pole.

Just take a look at the CMC 90 day chart, showing Ripple conveniently jumping from a $40 million cap to $140 million overnight just days after they were legitimately surpassed by BTSX. Market cap manipulation at its finest: http://coinmarketcap.com/currencies/ripple/#charts

peligro

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That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.

digitalindustry

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Quote from: TaunSew on September 30, 2014, 07:09:26 AM

I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up. Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

Note: I am not talking about just LTC (there are many many alternates outside the top 3. Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions). There are likewise many new alternates with a capitalization in the millions which did not exist months ago.

http://coinmarketcap.com/

At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines. Looks like people are using alternates as a hedge against Bitcoin losses.

this is in essence exactly what will happen - there are many precedents for a shift like (or similar to) this occurring.

it is a natural mechanism by which all systems re-balance.

a very simplistic look at it is "never use the first new Windows release."

i'd say "never use windows" but i'd be bathing myself in hypocrisy.

Hail windows source code !

azguard

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Quote from: moko666 on October 01, 2014, 12:10:32 AM

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency

Your are right not many alts live to see full year.
Hope that in future will this be corrected.

Also every 15 alt stay on and have some support (forum, development, social network....)

identtitentti

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Quote from: TaunSew on October 01, 2014, 12:18:48 AM

Crypto scene has changed a lot with these 2.0. currencies and then the 1.5 anonymity coins.

Exactly. And various 2.0 platform coins/tokens/lubricants are not competing against BTC but against each other, over which will become the one ring to rule them all. The global platform of value exchange, over which everything happens. And even though it is way too early to make predictions, I dare to predict that it will not be Counterparty aka BTC blockchain. Simply because it is way... tooo...... sloooooooow.

PS: most likely the winner is something we haven't seen yet. Ethereum is a possible candidate, so is SuperNET (merge of various coin techs, NXT etc. etc.), if it succeeds, but maybe Stellar and some others have chance too. who knows. Killer ap will be IMHO good and trustworthy enough proof-of-identity so that an account can be reliably associated with a unique human being. Just saying.

identtitentti

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Quote from: TaunSew on September 30, 2014, 07:09:26 AM

Looks like people are using alternates as a hedge against Bitcoin losses.

Financial speculation is not the core or main purpose of cryptocoins. In fact, a very plausible explanation for BTC fiat price downward shift is that as the use of BTC for ordinary shopping keeps increasing, most merchants exchange what BTC they get from selling products immediately to fiats. Some day, again, more and more salaries get paid in BTC instead of fiat, people will hodl and something else happens.

On the other hand, as second generation ecosystems (and also "traditional" altcoins) keep on emerging and evolving and people get more and more interested in what they have to offer, their combined value rises.

And it is not kosher e.g. to count e.g. counterparty as "alternate", because it's part of BTC block chain and the BTC that were invested in XCP were "burned", sent to genesis.

TaunSew

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Quote from: Only4money on October 01, 2014, 12:15:08 AM

Quote from: moko666 on October 01, 2014, 12:10:32 AM

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency

And it'll remain the King for ever. instead of having less feature it still rules. It's the first crypto currency, so it'll always remain in it's position.

No..

2013 alternates was all scams like BBQ coin that was worth $9 million. Crypto scene has changed a lot with these 2.0. currencies and then the 1.5 anonymity coins.

Only4money

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Quote from: moko666 on October 01, 2014, 12:10:32 AM

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency

And it'll remain the King for ever. instead of having less feature it still rules. It's the first crypto currency, so it'll always remain in it's position.

moko666

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that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency

azguard

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Yes most of them try to make out of btc by investing in some promising altcoin.
That can be price difference and it can be described like normal market cap.

Yet again like it said this doesnt mean anything.
By tomorrow prices can be changed.

bitbets

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It's hard to say what is going to happen in the future

TaunSew

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I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up. Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

Note: I am not talking about just LTC (there are many many alternates outside the top 3. Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions). There are likewise many new alternates with a capitalization in the millions which did not exist months ago.

http://coinmarketcap.com/

At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines. Looks like people are using alternates as a hedge against Bitcoin losses.

Topic: Alternates are almost $600 million vs Bitcoin's $5 billion. (Read 1037 times)