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Topic: Anyone else depressed by all these alts? - page 4. (Read 3144 times)

newbie
Activity: 56
Merit: 0
Altcoins provide a sort of crypto inflation.  If more Bitcoins had existed, there would have been better distribution and thus, less alts would have sprung up.  Alts are just a representation of the market's desire to expand distribution of the tech.  Not depressed at all...it was inevitable and necessary.
legendary
Activity: 2212
Merit: 1199
I think Bitcoin was enough. There was Litecoin ... there was few others ... and then too many ...
Really Smiley

But altcoins are in my opinion good thing - maybe one day someone will develop "better" coin.
Just too many ... too many ... and most of them are a waste of devs and our time.

newbie
Activity: 11
Merit: 0
I think the alts are actually a pretty good thing for bitcoin. Many people who mine alts do so through multipools. Many of these multipools autoexchange the altcoins that they purchase for bitcoins - so by these people mining altcoins, they're actually creating demand for bitcoins on the exchanges.
legendary
Activity: 4760
Merit: 1283

I really should be diversifying out of BTC somewhat which means weeks of research on the various alts, figuring out a reliable platform for trading, and compiling whatever software I might need to ensure that I am in complete control of my funds (which defines them as mine.)  Then staying on-top of the various new arrivals and goings-on on those which I've taken a position in.  Beyond that, Bitcoin-style crypto-currencies are suitable mostly for those with good internet connectivity which I lack so I also gotta chose a decent VM provider and build out some machines, document them, and that sort of thing.  So far I've been to lazy to bite off that project.  So, to answer the question, yes.  Depressed might not be quite the right word for it though.

hero member
Activity: 686
Merit: 500
April 02, 2014, 04:15:44 PM
#9
i was. youll get used to it
newbie
Activity: 11
Merit: 0
April 02, 2014, 04:14:46 PM
#8
Bitcoin is technology, and technology always evolves. No way to avoid new alts, this is progress.
sr. member
Activity: 364
Merit: 250
April 02, 2014, 04:05:58 PM
#7
Actually yeah to many alt coins just makes people confused.  Was to early for so many to come out, but this was all about greed and getting rich to others.

Doge is a different story and bitcoin
sr. member
Activity: 539
Merit: 250
April 02, 2014, 03:31:31 PM
#6
I'm quite happy with them, do your homework on them and you wont be depressed
sr. member
Activity: 406
Merit: 250
April 02, 2014, 03:23:56 PM
#5
I think the altcoins are a healthy thing. As crypto currency evolves the alt coins can help drive innovation. I think in the future it will not be just one dominant coin but perhaps five or six that will be widely traded and exchanged for goods and services. 
legendary
Activity: 1204
Merit: 1002
April 02, 2014, 03:14:46 PM
#4
So many add so little except confusing crap for new players in the crypto world. Do we really need the 500 scrypt coins? Litecoin was enough. Bitcoin was enough! Im just interested to see what others think and to try and find a alt that isnt just a load of crap/scam/copy! We dont need more get-rich-quick schemes!
Whether you agree with that tends to depend on whether you got in on the ground floor of this one.
legendary
Activity: 2296
Merit: 1014
April 02, 2014, 03:13:01 PM
#3
i dont know decent alt, even litecoin for me is joke
bitcoin is enough and still im not bothered with other coins, they are harmless big joke Smiley

PS
some ideas from this joke's can be adopted to bitcoin if good enough, we will see
legendary
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
April 02, 2014, 03:07:22 PM
#2
There is only one decent.
The one which is on sale today.
sr. member
Activity: 412
Merit: 250
April 02, 2014, 03:06:08 PM
#1
So many add so little except confusing crap for new players in the crypto world. Do we really need the 500 scrypt coins? Litecoin was enough. Bitcoin was enough! Im just interested to see what others think and to try and find a alt that isnt just a load of crap/scam/copy! We dont need more get-rich-quick schemes!

So. Do you know a decent alt?
or do you think Bitcoin was enough?

Im kinda depressed by all this new business, overwhelmed my attempts at investing! Its so hard to find anything decent!
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