Quote from: indiamikezulu on Today at 01:32:28 AM
Alt Prices Henceforth?
For ages, we’ve generally thought of crypto prices as Bitcoin vis a vis Everything Else.
We’ve recently been trying to figure out when total alt cap will rise above its present level (at about 8.5% of total crypto cap).
Now, we’re trying to figure out if total alt cap will rise -- the 2013 spike entailed pure speculative frenzy. Are stakeholders more discerning at this point?
So . . . what about a more nuanced analysis:
firstly, it looks like some dozens of low-cap/low-volume alts, certainly ones that trade only or largely on Cryptsy, are gonna bite the dust when Cryptsy does. So an amount of capital will be extinguished.
Secondly, a core of 2.0s will achieve a real degree of price independence – Ethereum’s charts show that it has held its value well since Bitcoin’s price start rising.
Next: if capital starts pouring into cryptos the way it did in late 2013, all ‘viable’ alts will at least lift in price to around where they were three months ago.
And: if not this year, certainly by 2017, we’ll see an epic tug-o-war for incoming capital, between, on the one hand, government and corporate coins, and on the other hand, ‘free’ cryptos of all types – and at that point I think that crypto communities with generally anti-social values will find themselves seriously hampered. Conversely, coins like Dnotes, with its understanding of normal social values, and its 'outwards-focused development model,' will fare well.
P.s. from Sabretooth: those cryptos will do will that leverage Bitcoin’s ‘network affect.’ For example:
http://allcoinsnews.com/2015/12/29/london-startup-plutus-develops-app-allowing-bitcoin-fiat-payment-enabled-by-ethereum-nfc-infrastructure/What do you guys think?
Quote From Shepherd Today:
Mark, I believe that a group of Altcoins will begin to do quite well this year but a large number will fade away. Over crowded market always consolidates. Surviving that next two years is more important than trying to showoff as being more innovative. The technology side of the equation is becoming way too confusing for the average consumers. Technology always evolve quickly at the early stage, but should begin to settle as it becomes more mature by later part of this year or 2017.
The Plutus project your link provided is interesting. Unfortunately, the net cost to the consumer is likely to be quite high as much as Plutons to have zero fees and free conversion to fiat. With high volatility and low liquidity the exchange rate is not likely to be favorable but you are selling Bitcoin for fiat at any price. Nonetheless, it is a nice setup.