Its easy to talk bad about another coin on the internet..
Don't buy what you read, they are trying to tarnish our name because without their silly words it'd be a matter of who has the better coin and the fact is that GoldCoin (GLD) is the better coin.
1: No Goldcoins (GLD) were ever deleted, the main chain has survived, it has never been successfully forked.
2: No Goldcoins (GLD) were premined, a lot of the early coins were spread out except for 1.5M initially mined (fairly but really early) by the coin's founder who turned out to be an unstable individual and tried to kill the coin. We rescued it from his hands.
3: Hazard is a known scamcoin maker. Don't listen to a word he says.
http://thecryptoblog.com/the-anatomy-of-a-scamcoin-7-things-to-know-before-investing-in-an-altcoin-wait/
Topic: Are the Golden Days of Cryptos gone? - page 2. (Read 4294 times)
I use to rent Scrypt miners sometimes. In Jan 2014, the cost of rental was around 0.02 BTC Price/Mh/day, today the cost is only 0.0075 BTC Price/Mh/day (http://www.betarigs.com/) .. and numerous rigs are available now. Back then Scrypt Rig owner's were able to recover the cost of investment in 3 months time, but with present scenario..maybe it would take atleast 8 or more months.
People always say Wall Street, Hedge fund group entering btc scene, but as like most of them I am losing hope. With BTC at ~$600, all those wall street, hedge should have entered and price spiked again.. I lost quite a money on betting alt-coins. Accepting it and trying to recover.
With BTC malleability issue and numerous security issues/hacks going on, ..I do not have a good feel about BTC's future.
Crypto concept is cool, but BTC and alt-coins are like... you printing your own notes and asking people to believe in magic and value. I hope Govt's will look for a way to digitize fiat. Just my opinion.
People always say Wall Street, Hedge fund group entering btc scene, but as like most of them I am losing hope. With BTC at ~$600, all those wall street, hedge should have entered and price spiked again.. I lost quite a money on betting alt-coins. Accepting it and trying to recover.
With BTC malleability issue and numerous security issues/hacks going on, ..I do not have a good feel about BTC's future.
Crypto concept is cool, but BTC and alt-coins are like... you printing your own notes and asking people to believe in magic and value. I hope Govt's will look for a way to digitize fiat. Just my opinion.
To OP:
Yep, its over, pretty much. Doge, Vert and a couple of others that innovate or build actual communities will survive. Rest will go back to the dumpster from where they emerged. Yes I'm looking at you Pandas, Bees, Rabbits, Cages, Karmas, Rubys, Max/Min/Mean/Average/Sum/Multiple/Divide/Modulus etc
Yep, its over, pretty much. Doge, Vert and a couple of others that innovate or build actual communities will survive. Rest will go back to the dumpster from where they emerged. Yes I'm looking at you Pandas, Bees, Rabbits, Cages, Karmas, Rubys, Max/Min/Mean/Average/Sum/Multiple/Divide/Modulus etc
A little melodramatic huh. Referring to the gif
Stay away from Goldcoin and their scammers invading threads. Goldcoin has always been one of the worst scam coins.
http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/
http://cryptolife.net/goldcoin-the-scam-that-keeps-on-giving/
possible.
though I feel bitcoin and litecoin might not be the only players.
I just love the topic heading:
"Are the Golden Days of Cryptos gone?"
I think that innovation is happening, wow i just joined up this forum when FTC got put from huge mining straight onto BTCe.
there was what 10 Scrypt currencies?
I joined up twitter to follow the Worldcoin debacle, i think the Golden days are ahead.
** i respect both FTC and WDC as currencies.
time smooths all these bumps eventually and then the design needs to take the step from mining spam on this forum to something actually useful to human beings.
some will make it lots won't . its all gold but.
"Are the Golden Days of Cryptos gone?"
I think that innovation is happening, wow i just joined up this forum when FTC got put from huge mining straight onto BTCe.
there was what 10 Scrypt currencies?
I joined up twitter to follow the Worldcoin debacle, i think the Golden days are ahead.
** i respect both FTC and WDC as currencies.
time smooths all these bumps eventually and then the design needs to take the step from mining spam on this forum to something actually useful to human beings.
some will make it lots won't . its all gold but.
Sure, there's been alot of spamming and market saturation lately. But some good has come of it, a phoenix/s from the dust if you will.
Innovation.
I believe in time to come, be it 1, 2, 10 etc years, people will look back at bitcoin and sort of shake there heads. Yes there will be those that collect it and lawd it for sentimental reasons, it being the first crypto. But I think in time to come it may fade away and be overtaken by much better coins/ cryptocurrencies.
Believe it or not there are recently created coins thatcould will change the world with aiding scientific discoveries, breakthroughs etc and cure's. There are also coins that will make people ultra rich even if its price stays the same, and then coins that will by clever design and management, constantly move upwards at a sustainable rate.
So yes there are bad but there are also lots of good and this is part of the benefits of a free market. The marketcap of bitcoin will be overtaken and it may simply become a collectors item (albeit it will still be worth alot). A model T ford if you will, make way for the ferrari's, four wheel drive, and ultimately, F1's of the cryptocurrency world. Part of the problem is also short sightedness. If you look a little bit further up the road you will do well. Pumping and dumping may be fun but someone always loses and oneday that will be you.
Yes there are limits though when a market is saturated sure I agree, some organization is needed for ALL of us to do well from this train, not just the 1 percent DEV's creating the same coins over and over for self gain. I can only hope that some among us will rise up and provide said organization and leadership of this massive ship and with that, the future will certainly be as gold as the sun ever did shine.
Innovation.
I believe in time to come, be it 1, 2, 10 etc years, people will look back at bitcoin and sort of shake there heads. Yes there will be those that collect it and lawd it for sentimental reasons, it being the first crypto. But I think in time to come it may fade away and be overtaken by much better coins/ cryptocurrencies.
Believe it or not there are recently created coins that
So yes there are bad but there are also lots of good and this is part of the benefits of a free market. The marketcap of bitcoin will be overtaken and it may simply become a collectors item (albeit it will still be worth alot). A model T ford if you will, make way for the ferrari's, four wheel drive, and ultimately, F1's of the cryptocurrency world. Part of the problem is also short sightedness. If you look a little bit further up the road you will do well. Pumping and dumping may be fun but someone always loses and oneday that will be you.
Yes there are limits though when a market is saturated sure I agree, some organization is needed for ALL of us to do well from this train, not just the 1 percent DEV's creating the same coins over and over for self gain. I can only hope that some among us will rise up and provide said organization and leadership of this massive ship and with that, the future will certainly be as gold as the sun ever did shine.
hear hear
Again its sad to see this thread being hijacked by two newbie accounts self promoting an alt. 
Feel free to use the ignore button. That's what I usually do these day, especially in the altcoin section
Sure!! Thanks!! will follow that.
Doubtful that its gone forever. I wouldn't be surprised if it changes dramatically if/when bitcoin takes another spike in price with Wall St entering the fray. I think its much more likely that the alt markets are cyclical.
Yes. This is just a slow cycle. I think from a mining/investment perspective you're going to need a longer outlook than 2 days. For example, take Goldcoin (GLD) that has a new java client coming in Spring. Mine that now and continue holding into June. That strategy should net you a sizable return.
+ 1
Goldcoin is the cryptocurrency with the greatest upside potential at the moment. Our research indicates that this coin is the one to watch.
What research?
Again its sad to see this thread being hijacked by two newbie accounts self promoting an alt.
i laughed at this - best evidence your account is really new ha ha.
Again its sad to see this thread being hijacked by two newbie accounts self promoting an alt.
Feel free to use the ignore button. That's what I usually do these day, especially in the altcoin section
To OP:
Yep, its over, pretty much. Doge, Vert and a couple of others that innovate or build actual communities will survive. Rest will go back to the dumpster from where they emerged. Yes I'm looking at you Pandas, Bees, Rabbits, Cages, Karmas, Rubys, Max/Min/Mean/Average/Sum/Multiple/Divide/Modulus etc
Yep, its over, pretty much. Doge, Vert and a couple of others that innovate or build actual communities will survive. Rest will go back to the dumpster from where they emerged. Yes I'm looking at you Pandas, Bees, Rabbits, Cages, Karmas, Rubys, Max/Min/Mean/Average/Sum/Multiple/Divide/Modulus etc
Sure, there's been alot of spamming and market saturation lately. But some good has come of it, a phoenix/s from the dust if you will.
Innovation.
I believe in time to come, be it 1, 2, 10 etc years, people will look back at bitcoin and sort of shake there heads. Yes there will be those that collect it and lawd it for sentimental reasons, it being the first crypto. But I think in time to come it may fade away and be overtaken by much better coins/ cryptocurrencies.
Believe it or not there are recently created coins thatcould will change the world with aiding scientific discoveries, breakthroughs etc and cure's. There are also coins that will make people ultra rich even if its price stays the same, and then coins that will by clever design and management, constantly move upwards at a sustainable rate.
So yes there are bad but there are also lots of good and this is part of the benefits of a free market. The marketcap of bitcoin will be overtaken and it may simply become a collectors item (albeit it will still be worth alot). A model T ford if you will, make way for the ferrari's, four wheel drive, and ultimately, F1's of the cryptocurrency world. Part of the problem is also short sightedness. If you look a little bit further up the road you will do well. Pumping and dumping may be fun but someone always loses and oneday that will be you.
Yes there are limits though when a market is saturated sure I agree, some organization is needed for ALL of us to do well from this train, not just the 1 percent DEV's creating the same coins over and over for self gain. I can only hope that some among us will rise up and provide said organization and leadership of this massive ship and with that, the future will certainly be as gold as the sun ever did shine.
Innovation.
I believe in time to come, be it 1, 2, 10 etc years, people will look back at bitcoin and sort of shake there heads. Yes there will be those that collect it and lawd it for sentimental reasons, it being the first crypto. But I think in time to come it may fade away and be overtaken by much better coins/ cryptocurrencies.
Believe it or not there are recently created coins that
So yes there are bad but there are also lots of good and this is part of the benefits of a free market. The marketcap of bitcoin will be overtaken and it may simply become a collectors item (albeit it will still be worth alot). A model T ford if you will, make way for the ferrari's, four wheel drive, and ultimately, F1's of the cryptocurrency world. Part of the problem is also short sightedness. If you look a little bit further up the road you will do well. Pumping and dumping may be fun but someone always loses and oneday that will be you.
Yes there are limits though when a market is saturated sure I agree, some organization is needed for ALL of us to do well from this train, not just the 1 percent DEV's creating the same coins over and over for self gain. I can only hope that some among us will rise up and provide said organization and leadership of this massive ship and with that, the future will certainly be as gold as the sun ever did shine.
Again its sad to see this thread being hijacked by two newbie accounts self promoting an alt.
Doubtful that its gone forever. I wouldn't be surprised if it changes dramatically if/when bitcoin takes another spike in price with Wall St entering the fray. I think its much more likely that the alt markets are cyclical.
Yes. This is just a slow cycle. I think from a mining/investment perspective you're going to need a longer outlook than 2 days. For example, take Goldcoin (GLD) that has a new java client coming in Spring. Mine that now and continue holding into June. That strategy should net you a sizable return.
+ 1
Goldcoin is the cryptocurrency with the greatest upside potential at the moment. Our research indicates that this coin is the one to watch.
Good thread, valid points.
I believe that for a cryptocurrency to be successful, three players are needed in the following ratio:
70%- End Users (Someone who uses a cryptos to buy a cup of tea or a Ferrari)
Whats the use of cryptos for them? It should be just another currency but with quicker transaction times than traditional currencies. They shouldn't be bothered about profitability and stuffs.
15% - Miners (The good old miners who secure the network and keep the supply of coins)
Whats the use of cryptos for them? They run their spare machines to generate cryptos and make some money selling them.
15% - Investors/Traders (The people who brings in real world fiat money in to the system)
Whats the use of cryptos for them? They just play around with value of cryptos just like in real world stock markets to book some profit.
But whats happening in reality(excluding Bitcoin)?
95% - Miners+Traders
5% - End Users
That defeats the ultimate purpose of cryptos.
70%- End Users (Someone who uses a cryptos to buy a cup of tea or a Ferrari)
Whats the use of cryptos for them? It should be just another currency but with quicker transaction times than traditional currencies. They shouldn't be bothered about profitability and stuffs.
15% - Miners (The good old miners who secure the network and keep the supply of coins)
Whats the use of cryptos for them? They run their spare machines to generate cryptos and make some money selling them.
15% - Investors/Traders (The people who brings in real world fiat money in to the system)
Whats the use of cryptos for them? They just play around with value of cryptos just like in real world stock markets to book some profit.
But whats happening in reality(excluding Bitcoin)?
95% - Miners+Traders
5% - End Users
That defeats the ultimate purpose of cryptos.
Now really , what do you expect with 10 coins popping each day with nothing innovative ?
The money in cryptos are limited and after the last gox episode I don't see that many coming in to sustain the prices.
This period will take out a lot of coins , driving them to 1 satoshi. And we should be thankful that there isn't a lower denomination for BTC.
Without something big happening it will be a period which will decide the "survival of the fittest"
The money in cryptos are limited and after the last gox episode I don't see that many coming in to sustain the prices.
This period will take out a lot of coins , driving them to 1 satoshi. And we should be thankful that there isn't a lower denomination for BTC.
Without something big happening it will be a period which will decide the "survival of the fittest"
There used to be a time when miners used to mine altcoins and just hold them as an asset. I could just choose an altcoin, keep my miner pointed at for several weeks and finally sell it for a bargain (Not just dump it for the highest bidder). There were times when the value of altcoin just used to go up with difficulty level.
Now the altcoin scenario is highly saturated. New coins coming everday and miners are rushing to quickly mine-pump-dump the coins. Buy orders are also shrinking for most of the alts. Adding to this is new exchanges being announced for some of the new alts. So I cant just keep my miner pointed at a coin for more than 2 days. Ironically the value of some of the coins drops with increasing difficulty. A look at most of the topics in Alternate cryptocurrencies section just seem to be self promotion posts.
Simply I used to make 0.006 BTC per day with my 640Kh/s when BTC was 800 to 1000 USD. But now I'm not able to reach those levels (except when I caught the trains with Maxcoin, Myriad...) with BTC valued at 630 USD. Am I the only small scale miner here experiencing these or are you guys all switched to mining farm?
Now the altcoin scenario is highly saturated. New coins coming everday and miners are rushing to quickly mine-pump-dump the coins. Buy orders are also shrinking for most of the alts. Adding to this is new exchanges being announced for some of the new alts. So I cant just keep my miner pointed at a coin for more than 2 days. Ironically the value of some of the coins drops with increasing difficulty. A look at most of the topics in Alternate cryptocurrencies section just seem to be self promotion posts.
Simply I used to make 0.006 BTC per day with my 640Kh/s when BTC was 800 to 1000 USD. But now I'm not able to reach those levels (except when I caught the trains with Maxcoin, Myriad...) with BTC valued at 630 USD. Am I the only small scale miner here experiencing these or are you guys all switched to mining farm?
http://kolinevans.wordpress.com/2014/03/02/why-there-could-be-a-mini-revolution-occuring-in-crypto-currency/
with every new coin getting released it bloats the market so that every other coin except bitcoin will become worth less and less in favour of the new ones :S
Atleast that's what i think..
Atleast that's what i think..
Jump to: