found this on another thread....
the decline seems scary
Quote
Altcoins are only good for making quick bucks at the beginning when they're released. That "launch/hype" momentum very rarely comes back and in the case of Vertcoin, I think something big big must happen so it breaks this downtrend. When I say big I do think of things like Bitcoin successfully 51% attacked, together with people massively moving to altcoins. Do I think something big will happen? Mostly no, but there's always a small chance. You see, even stealth addresses didn't help Vertcoin's value, and it's almost that I can't think of any bigger event related to Vertcoin's development. Maybe acceptance among darknet markets, but somehow I do think they will accept Darkcoin instead, even Monero, they're kind of more anonymous oriented than Vert.
History is repeating with every altcoin: initial hype and rise and then slow and painful death. Bitcoin is so strong that it seems it already won cryptocurrency war, and it can even be anonymous if you're using it through Tor. Seems like no other coin has so much better properties which would help dethrone Bitcoin.
Made some good bucks with DRK and XMR, but in the case of Vertcoin it seems like I came late to the party, lost like 15k $ already and I do think it maybe is even good time to exit, even with loses because generally I do think when one altcoin starts to decline - 99% of the time it's declining to death, and it's not just the case with Vertcoin, it's the case with every altcoin no matter how good it is.
Maybe, and just maybe we can count on rise of altcoins in next Bitcoin bubble which really should happen soon.
That's the cryptocurrency game in my eyes right now... Bitcoin already won, altcoins are good only if you catch them at the beginning
History is repeating with every altcoin: initial hype and rise and then slow and painful death. Bitcoin is so strong that it seems it already won cryptocurrency war, and it can even be anonymous if you're using it through Tor. Seems like no other coin has so much better properties which would help dethrone Bitcoin.
Made some good bucks with DRK and XMR, but in the case of Vertcoin it seems like I came late to the party, lost like 15k $ already and I do think it maybe is even good time to exit, even with loses because generally I do think when one altcoin starts to decline - 99% of the time it's declining to death, and it's not just the case with Vertcoin, it's the case with every altcoin no matter how good it is.
Maybe, and just maybe we can count on rise of altcoins in next Bitcoin bubble which really should happen soon.
That's the cryptocurrency game in my eyes right now... Bitcoin already won, altcoins are good only if you catch them at the beginning
the decline seems scary
Meh. All the dial-up internet companies thought the same thing until cable/dsl shit on them. IBM thought the same thing too until HP/DELL/Gateway shit on them. Ford/Chevy thought the same thing until Honda/Toyota shit on them. Technology is an ever evolving industry. This space in particular is moving faster than anything I've ever seen. It's harder for bitcoin to innovate and cater to different markets vs a lean altcoin. A lightweight operation like Cloakcoin can develop and test brand new features that are light years ahead of bitcoin without having massive investor/developer/miner backlash.
IMO, what you'll eventually see is the emerging of cryptocurrencies that represent cash (Cloak/Mixcoin/etc) and ones that replicate credit cards/checks etc (Bitcoin/Litecoin). Both having their place in commerce and individuals who prefer one over the other. Not to mention commodity based coins which could represent entire industries. Later down the road looking at coin specific industries one might be able to tell how that market is doing giving the volume via exchanges or another metric. For someone to say "Bitcoin has won" I doubt they understand technology trends or how crypto will affect industries. We're only beginning to scratch the surface here.
Becoming a market leader requires investors who believe in the product and the vision. Some people got out of Bitcoin at $1, some at $10 and some at $100. The people who made the most money are the ones that held for the long term. Cloak's ecosystem makes you think twice about dumping at an ATH because of all the value added services we have coming down the pipeline. I really don't know how to break it down further to anyone who thinks $10 is a reasonable price for crypto with trustless anon. If you think that then you obviously haven't been in the anon space for very long. Anoncoin has been working on trustless anon for almost a year now. Darkcoin for over 8 months.. I could honestly see this coin going well beyond the $100 mark for what is being developed here. Once this ball is moving the dev team is just going to get bigger and bigger and more shit will happen alot faster. Faster than anyone can clone this.
want me to sleep to release it ? 
