Topic: Bitcoin Is Destroying Altcoins - We Need Exchanges Without Bitcoin (Read 1367 times)

There's only one player here.
That's BTC

All the rest is pretty irrelevant right now.
I only see DRK on the rise.

If the market demands a way to buy and sell altcoins directly with fiat and it would be profitable to do so, then someone will open an altcoin market with that option.  In fact, cryptsy already offers fiat markets, but the vast majority of the trading is done on BTC markets.  Their BTC/USD market did a grand total of a whopping 25.9 BTC in the past 24 hours.

Do you know why most altcoin markets don't bother to pursue the fiat market?  Because there is no legitimate investment in altcoins.  The only people interested in alts already have BTC or are trying to get more BTC.  Alts are just a niche within the already niche world of Bitcoin itself.

It's just further proof of how weak these markets are.  BTC goes up a few bucks and all of a sudden its a dump fest on alts.  Whales pull out and stop propping up the phony markets.  You take this as a reason why we need more options for alt to fiat conversion.  I take it as a sign there isn't enough real demand for alts for it to make economic sense to undertake that endeavor.

If investors were howling for a way to dump loads of fiat directly into alts, cryptsy would have a USD market for every shitcoin on the planet tomorrow.

EDIT : Check out Bitcredits though, the project the guy a couple posts above me is working on.  Cool project that isn't getting enough attention.  Just because alts aren't in major demand among the general population or mainstream investors right now, doesn't mean there aren't interesting projects and decent investments out there.

Thank you for echoing my thoughts, i believe that an altcoin that wishes to survive must find merchant use and direct exchange with world currencies. I have been frantically trying to build such infrastructure for my own.

can somebody help me? i opened an acc 2 days ago, done a transfer 100% done another transfer a few hours later for like 9. something coins and my account wouldnt let me log in ive contacted support still no word (i opene a new account to do so)

All the altcoins that can do this, sooner or later can be bought directly with fiat. forced decoupling is rather useless.
And when the time comes and an altcoin is "old enough" to not be tied to bitcoin, then we know it's not an ordinary "shitcoin".


The rest of your post is a fantasy I don't agree with, but you never know. Sometimes life is stranger than fiction.

There aren't many exchanges that accept direct fiat into alt conversions, so without bitcoin as the middle man, it would be a lot of effort to actually buy the alts in the first place.
If the exchanges followed your plan, I think there would be an exodus from Alts, I don't mind playing around trading Alts, knowing I can get my bitcoin back, more or less, but if I was in and committed, I wouldn't bother.

It would be great if you did that, because then the altcoins would die off quickly. Bitcoin is the only link to the real world for most of them, and without it they would be worthless.

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