I'm fine with losing 1 dollar 98% of the time and making a million dollars on the other 2%.
Ha ha ha ha..... Oh shit this guy is serious.
Topic: Are altcoins, in general, worthless and pointless? - page 3. (Read 3567 times)
Ha ha ha ha..... Oh shit this guy is serious.
I'm fine with losing 1 dollar 98% of the time and making a million dollars on the other 2%.
Are altcoins, in general, worthless and pointless?
Yes
Yes
Why?
Zero barrier to entry ..
Even for BTC ..
How many BTC clones do we need ??
The ONLY advantage to BTC is first mover status
The rest are merely trading tool alternatives to mining as a way
to hopefully make/convert to BTC ..
Triff ..
Yes
Yes
Why?
Zero barrier to entry ..
Even for BTC ..
How many BTC clones do we need ??
The ONLY advantage to BTC is first mover status
The rest are merely trading tool alternatives to mining as a way
to hopefully make/convert to BTC ..
Triff ..
A coin that is given utility and helps provide liquidity on a protocol like XRP isn't worthless.
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Honestly no
usually what happens is that after a certain time, your wallet stop synchronizing and it is totally over
I found that the wallet stopped syncing for a number of coins I have. Once the network dies the coin dies.
Like I said, that can be fixed by 1 person in 30 seconds at miningrigrentals.com
I assume that's only if you have a version of the block chain up to date to the very last block mined. What if your wallet was off for weeks before the last block was mined and nobody else can provide you with a copy?
Then those weeks are all orphaned because they abandoned the network, and now I have 100% of the hashing power for a brief time until people notice and hop on.
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Honestly no
usually what happens is that after a certain time, your wallet stop synchronizing and it is totally over
I found that the wallet stopped syncing for a number of coins I have. Once the network dies the coin dies.
Like I said, that can be fixed by 1 person in 30 seconds at miningrigrentals.com
I assume that's only if you have a version of the block chain up to date to the very last block mined. What if your wallet was off for weeks before the last block was mined and nobody else can provide you with a copy?
Here's an interesting view on the Altcoin question from the Litecoin creator.
https://www.cryptocoinsnews.com/litecoin-creator-charlie-lee-claims-litecoin-not-need-development-says-adding-gimmicks-not-help-currency-succeed/
I notice he stole an old Goldcoin quote of mine (and JFK's) in his last tweet. lol
https://www.cryptocoinsnews.com/litecoin-creator-charlie-lee-claims-litecoin-not-need-development-says-adding-gimmicks-not-help-currency-succeed/
I notice he stole an old Goldcoin quote of mine (and JFK's) in his last tweet. lol
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Honestly no
usually what happens is that after a certain time, your wallet stop synchronizing and it is totally over
I found that the wallet stopped syncing for a number of coins I have. Once the network dies the coin dies.
Like I said, that can be fixed by 1 person in 30 seconds at miningrigrentals.com
i think making another coin market capitalization site, with only the legit coins listed is a good idea. but how to decide which is legit and which are outright, pure scams is the problem.
or maybe coinmarketcap.com should start delisting proven scamcoins...?
or maybe coinmarketcap.com should start delisting proven scamcoins...?
Yeah...like that'll work. Look at BitBay for example.
By now everyone concerned knows it's at least 80% scam.......that's been proven pretty much beyond any doubt by some of the main players.
And yet people are still defending it as a legit project.
Given this level of idiotic belief in something, how in hell can we accurately define a scam and exclude it?
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Honestly no
usually what happens is that after a certain time, your wallet stop synchronizing and it is totally over
I found that the wallet stopped syncing for a number of coins I have. Once the network dies the coin dies.
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
Honestly no
usually what happens is that after a certain time, your wallet stop synchronizing and it is totally over
But consider this: Most coins MUST increase in value as time goes on and as more people adopt the coin.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
What it means is that a coin WILL skyrocket in price if it continues to exist. That's all it takes - continued existence.
That's what some people saw early on, and they accurately predicted BTC to $1000 on this forum when it was $5.
The difference with altcoins is that any given coin is much less likely to survive, now that there are so many other coins.
But, as I pointed out in my other "service discussion" thread, it only takes a little to keep a coin going.
One single person can bring a "dead" coin back to life, and I've done it myself.
Can I keep a coin alive, by myself, for 2 years?
Maybe, but I won't have to.
I only have to keep it alive for 6 months, if that's the lifespan of all the other coins.
So the choice is very simple - if you think a coin will be dead next year, sell it all now.
If you think a coin will still exist 2 years from now, don't sell any of it unless you hate money.
Especially proof of work coins, coins with increasing difficulty, and coins with a set limit on total coin supply.
Are you seeing what I'm seeing?
What it means is that a coin WILL skyrocket in price if it continues to exist. That's all it takes - continued existence.
That's what some people saw early on, and they accurately predicted BTC to $1000 on this forum when it was $5.
The difference with altcoins is that any given coin is much less likely to survive, now that there are so many other coins.
But, as I pointed out in my other "service discussion" thread, it only takes a little to keep a coin going.
One single person can bring a "dead" coin back to life, and I've done it myself.
Can I keep a coin alive, by myself, for 2 years?
Maybe, but I won't have to.
I only have to keep it alive for 6 months, if that's the lifespan of all the other coins.
So the choice is very simple - if you think a coin will be dead next year, sell it all now.
If you think a coin will still exist 2 years from now, don't sell any of it unless you hate money.
Altcoins only have one purpose, and that is to get more BTC.
You might as well say that BTC has only one purpose, and that is to get more Dollars. But that's not necessarily true either.
Quote
It's easier to mine a shitcoin on day 1 than it is to mine bitcoin
It's easier to mine a new altcoin on day 1 than it was to mine Bitcoin on day 1. And people made millions of dollars doing it the hard way.
Now it takes you 30 seconds and a few bucks to rent a $10,000 mining rig for a few hours, and you can even use it to mine multiple coins during your rental.
You can certainly make a few hundred dollars selling altcoins as soon as you get them, if that's all you want. But you're giving up the opportunity to hold those coins until they potentially sell for 100 times what you sold them for.
And, personally, I wouldn't buy a coin if I 100% believed that it was truly worthless, especially not so I could sell it to other people and take their money in exchange for nothing of value. That would make me a scammer, or a thief, or some other kind of dishonest thing I don't want to be.
No it is true, the only reason to mine bitcoin is for more fiat. The situation you describe certainly is possible but chances are it won't especially if you look at how many coins are completely worthless now,the coins that never even leave the 10 cent barrier, or the hyped up coins that lost 99% of their value within the first few weeks.
Altcoins only have one purpose, and that is to get more BTC.
You might as well say that BTC has only one purpose, and that is to get more Dollars. But that's not necessarily true either.
Quote
It's easier to mine a shitcoin on day 1 than it is to mine bitcoin
It's easier to mine a new altcoin on day 1 than it was to mine Bitcoin on day 1. And people made millions of dollars doing it the hard way.
Now it takes you 30 seconds and a few bucks to rent a $10,000 mining rig for a few hours, and you can even use it to mine multiple coins during your rental.
You can certainly make a few hundred dollars selling altcoins as soon as you get them, if that's all you want. But you're giving up the opportunity to hold those coins until they potentially sell for 100 times what you sold them for.
And, personally, I wouldn't buy a coin if I 100% believed that it was truly worthless, especially not so I could sell it to other people and take their money in exchange for nothing of value. That would make me a scammer, or a thief, or some other kind of dishonest thing I don't want to be.
Altcoins only have one purpose, and that is to get more BTC. It's easier to mine a shitcoin on day 1 than it is to mine bitcoin, and chances are you'll make more btc in the long run, so long as you dump it as soon as it gets put on an exchange.
Are altcoins, in general, worthless and pointless?
Yes.
Yes.
Congrats on being a Full Member of something that's worthless and pointless.
But 17 of my coins just got delisted at the same time on one of the exchanges.
If cryptos are truly decentralised then they should be indifferent to being or not being exchange listed....no?
Yes, but even Bitcoin needs places that buy and sell it, until more people accept it directly.
Without first being on exchanges, Bitcoin might never have been accepted directly.
Who do you think is ahead, you or the guy who bought $28 worth of Bitcoin and sold it for $700,000?
Are you unaware of the fact that Bitcoin went from less than 1 penny to over 1000 dollars in 4 years?
Here's the example I was talking about:
http://gizmodo.com/man-forgets-about-buying-27-of-bitcoin-is-now-worth-a-1454150399
It did work because it was new and there weren't hundreds of coin at that time, in the current situation it wouldn't work, bitcoin would just die 3 months after launch...
Again it worked for ltc and drk because they proposed something new and were launched in a time where a lot less coin were created.
Right now, with too many coin, people are just gambling (like fabula) not investing. They are playing roulette betting on the "red"... so sometimes it hits "red" and makes some gain... but clearly this doesn't profit to any coin
Are altcoins, in general, worthless and pointless?
Yes.
Yes.
Congrats on being a Full Member of something that's worthless and pointless.
But 17 of my coins just got delisted at the same time on one of the exchanges.
If cryptos are truly decentralised then they should be indifferent to being or not being exchange listed....no?
Yes, but even Bitcoin needs places that buy and sell it, until more people accept it directly.
Without first being on exchanges, Bitcoin might never have been accepted directly.
Who do you think is ahead, you or the guy who bought $28 worth of Bitcoin and sold it for $700,000?
Are you unaware of the fact that Bitcoin went from less than 1 penny to over 1000 dollars in 4 years?
Here's the example I was talking about:
http://gizmodo.com/man-forgets-about-buying-27-of-bitcoin-is-now-worth-a-1454150399
But most people seem to agree that the only value a coin has is the value it has RIGHT NOW.
I think you're confusing value with price.
I think you're confusing other people confusing value with price with me confusing value with price.
altcoins are useful to embrace and develop new ideas and solutions, an alternative to the more stable / known bitcoin network
then human greed ruins most of them
then human greed ruins most of them
Monero has a point to exist as internet cash, Bitcoin can't be as anonymous.
The rest are speculative assets mostly.
lol it took 15 post, before someone posted an ad for the coin he is holding The rest are speculative assets mostly.
Monero has a point to exist as internet cash, Bitcoin can't be as anonymous.
The rest are speculative assets mostly.
The rest are speculative assets mostly.
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