Topic: BTC is steady but many alts have had 2-5 fold gains in the past month... (Read 1986 times)

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Quote from: kwukduck on June 11, 2015, 10:07:05 PM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Can't compare alts directly to btc in the way you do. When btc was smaller cap the swings were also bigger.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

Quote from: randy8777 on June 11, 2015, 02:24:53 PM

altcoins have no serious market cap. it's easy to realize such gains if you have a few spare bitcoins to work with. but don't compare them with btc.

Haha so funny to read this ignorance. Market cap of bitcoin is an illusion anyway.
Many altcoins are being used as money more than bitcoin. Bitcoin is just 90% speculation. There is no real value.
Even worse. 90% of all the funny internet bitcoins are owned by about 5 people. If that is the future of money we have not done well.
Altcoins are the real revolution, offering rigid, fair and scalable systems.

Bitcoin is the only coin being accepted in a lot of places by merchants, 99% of alts are shit and ways for gamblers to try to make more BTC.
Nothing has "real value", only what people is ready to pay for it. Coin distribution has only begun, a lot of people already sold their coins to other people during the crash from 1k to 200 because they panicked. Bubble-burst cycles will naturally spread the coins amongst people as whales get scared until a balance is found. The true scam is fiat because they can manipulate the total supply at will, not with Bitcoin, which makes it objectively the best form of money in mankind's history.
Alts are a fucking joke except a couple of interesting projects.

chriswen

hero member

Activity: 756

Merit: 500

Quote from: pooya87 on June 16, 2015, 07:46:20 AM

Quote from: Amph on June 16, 2015, 02:18:52 AM

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Quote from: Amph on June 16, 2015, 02:18:52 AM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains. There's been so much time for people to buy back in at the bottom, those people would have had immense gains. It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant. Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant. Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

it's true, but i hate when people talk about a raise, after there was a dump, when the previous pump(before that dump), was much higher than the next pump, so one can not really talk about a raise in the end

for me the only good raise is the one that suprass the ath, all the others are only temporary recover

it is natural that people who had lost the opportunity to get on the pump train to the top, jump on that train after it started falling down. so they start buying which causes a rise back up and they call that another rise while everyone had cashed out and left the coin behind until next major pump.

The difference in Vertcoin's case is that it has bottomed out for a long time.

chriswen

hero member

Activity: 756

Merit: 500

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Quote from: Amph on June 16, 2015, 02:18:52 AM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains. There's been so much time for people to buy back in at the bottom, those people would have had immense gains. It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant. Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant. Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

it's true, but i hate when people talk about a raise, after there was a dump, when the previous pump(before that dump), was much higher than the next pump, so one can not really talk about a raise in the end

for me the only good raise is the one that suprass the ath, all the others are only temporary recover

you're talking about a dump that happened a long time ago. The price has stayed low for a long time.

After staying this low its going to be extremely difficult to make new highs. There'll be a ton of profit takers. I think you're deluded to think that making new ATH's is that significant.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains. There's been so much time for people to buy back in at the bottom, those people would have had immense gains. It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant. Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant. Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

it's true, but i hate when people talk about a raise, after there was a dump, when the previous pump(before that dump), was much higher than the next pump, so one can not really talk about a raise in the end

for me the only good raise is the one that suprass the ath, all the others are only temporary recover

it is natural that people who had lost the opportunity to get on the pump train to the top, jump on that train after it started falling down. so they start buying which causes a rise back up and they call that another rise while everyone had cashed out and left the coin behind until next major pump.

spazzdla

legendary

Activity: 1722

Merit: 1000

If you are looking from the top to now.. tsk tsk tsk tsk tsk tsk tsk tsk tsk... I don't even.. tsk tsk. (more finger shaking)

In the past month people have seen massive.. MASSIVE gains on many old alt coins..

If you're trying to make money by waiting to buy when everyone else is.. I have some bad news for you, you're going to buy at the top of a bubble again.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains. There's been so much time for people to buy back in at the bottom, those people would have had immense gains. It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant. Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant. Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

it's true, but i hate when people talk about a raise, after there was a dump, when the previous pump(before that dump), was much higher than the next pump, so one can not really talk about a raise in the end

for me the only good raise is the one that suprass the ath, all the others are only temporary recover

EternalWingsofGod

hero member

Activity: 700

Merit: 500

They are also holding at that value...

An interesting trend. Actually did some buying before a few of them jumped... dead cat or are we seeing a recovery.

I haven't been keeping tracking of that many alt coins
Assuming it wasn't some giant dev news or pump and dump I am a bit curious how many micro coins there are that have the volume to exit a double to five fold profit position.

chriswen

hero member

Activity: 756

Merit: 500

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Quote from: not altcoin hitler on June 14, 2015, 12:35:35 PM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains. There's been so much time for people to buy back in at the bottom, those people would have had immense gains. It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant. Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant. Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: Amph on June 12, 2015, 03:22:05 AM

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

NUFCrichard

legendary

Activity: 1218

Merit: 1003

Quote from: kwukduck on June 11, 2015, 10:07:05 PM

Quote from: randy8777 on June 11, 2015, 02:24:53 PM

altcoins have no serious market cap. it's easy to realize such gains if you have a few spare bitcoins to work with. but don't compare them with btc.

Haha so funny to read this ignorance. Market cap of bitcoin is an illusion anyway.
Many altcoins are being used as money more than bitcoin. Bitcoin is just 90% speculation. There is no real value.
Even worse. 90% of all the funny internet bitcoins are owned by about 5 people. If that is the future of money we have not done well.
Altcoins are the real revolution, offering rigid, fair and scalable systems.

if this is a troll attempt, it's not funny enough

altcoin can be controlled 100% by any random users that decide to invest few penny in it, how this is better than bitcoin?

their network security is a one hell of a joke, not minimally comparable with bitcoin, and again any random dude can breach it, with 1 asic or small gpu rig

basically 99,99 are a P&D scheme, maybe i should say all of them, with some of them, be a tool for infecting others poor innocent machines

add to all this the fact that besides monero, they don't offer nothing new compared to bitcoin, just pure clone, and you can see clearly the whole point of those alt...

It's worked well in the past for those that were involved early, but got out early enough.
There are organised groups who pump these coins and then dump when the crowds join in.

That some Alts are way up doesn't say a lot. If the good alts are up, then a recovery could be happening, if all sorts of crap is up, then it's P&D!

not altcoin hitler

member

Activity: 212

Merit: 22

Amazix

Zoom out on the vertcoin graph. You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

chriswen

hero member

Activity: 756

Merit: 500

Zoom out on the vertcoin graph. You'll see a lot more.

extrabyte

legendary

Activity: 840

Merit: 1000

There are many places to invest.
You could invest your BTC in alternate crypto currencies. In some sense this can increase your risk exposure but, it alt coins may see more growth.

Herbert2020

legendary

Activity: 1946

Merit: 1137

Quote from: spazzdla on June 12, 2015, 08:52:20 AM

They are also holding at that value...

An interesting trend. Actually did some buying before a few of them jumped... dead cat or are we seeing a recovery.

well, this is not a new thing. but i have been seeing a bit of increase in altcoin trading market recently.
i think the reason for that is the fact that the bitcoin market is at a stable state which leads more people looking for another market with higher profits and that leads them to altcoin markets.

klf

legendary

Activity: 1344

Merit: 1000

There will constantly be more altcoins created - sometimes those will do something useful and stick around, or they'll have community groups and supporters that will put the effort in, but a lot will deflate and be sold to buy bitcoin.

not altcoin hitler

member

Activity: 212

Merit: 22

Amazix

Op is correct, kwuckduck is correct.

The rest displays this delusional Bitcoin-cult-behaviour with blinders on again why we all love this sub so much. lulz

NorrisK

legendary

Activity: 1946

Merit: 1007

Quote from: XCASH on June 12, 2015, 06:01:04 AM

Quote from: XCASH on June 12, 2015, 06:01:04 AM

They are also holding at that value...

An interesting trend. Actually did some buying before a few of them jumped... dead cat or are we seeing a recovery.

If they are also holding their value how come vert coin has crashed over 30% in the last 24 hours. I remember the first vert coin pump in early 2014 when it reached $7.50. A few months ago it had crashed to half a cent. How do we know history won't repeat itself?

Still up insanely vs it's monthly low.

A few people just running amazing pump and dumps?

Just ignorance of the People that bought in during the pump at the mid-end phase. "it Will go back up". Not realizing that all People who bought at 100x less already left ship. Next step is a slow decline by trading bots back to the pre pump levels earlier This year. Everybody forgets, but the pumpers start buying again only to repeat the same damn thing.

spazzdla

legendary

Activity: 1722

Merit: 1000