Topic: Can we stop acting like a damn Casino??? (Read 1340 times)

Mandatory "And so it begins".. 

I think the new coins should improve the problems earlier coins have had and become easier for the general public to understand and use.  I mostly see scam or joke coins that mock the crypto community and halt the progression of mass adoption.

If particular coins actually have a benefit, then put them at the top of the list and promote them...  If it's just a fad and is only making a select few rich, then shitcan it..

artificial pump?? no I want more people to seriously invest and increase the volume of trading and increase the price. then I'd like responsible investors to keep the momentum going.

sure some will sell off, but as there are those selling off, there are a equal amount buying back in..

buying in and then watching everyone abandon a particular coin because someone shouted, `it's shit! dump it' is showing me that this market is nothing more than a get rich scheme for a very select few and it was never about changing the scales and trying to be better than the fucking banking elite that have destroyed peoples lives...

How do those coins get picked?
"Herding cats" isn't easy...

I think things will get better. I had to lose btc on some alts to know how to exercise proper discernment when the diamond in the rough comes along. Last night I bought up 1 btc in some alt sitting at 1 satsoshi, only to realize that there were no buy orders for a reason on the btc market. The ltc market had the same coin at 6 latoshi lol. I live and I learn.

My bet is you will continue to lose money simply because you fail to understand basic economics.

You likely want to do more research into the altcoin market and make educated guesses on where they will go then

Hmm one of my favorite posts. (just read it to my wife)  Tell us more!

So you want to create an artificial pump so you can leave new investors holding the bag? Classic pyramid scheme. That's not why cryptocurrecy was implemented.

But you are interested in making profits, right?

Maza - how big is the Lakota nation? Maybe a million people tops? That limits how high the coin will go, even if every single person in that nation adopts it plus everyone who trades with them.

Aurora and Iceland. Same problem. Population of Iceland is only 321,857, and even if everyone there adopted it plus those they trade with (mainly fishing these days), there is a natural limit how high it will go.

Doge. Regarding tipping, gifting and small purchases - there already exists a coin with this capacity  - Devcoin, which invented the 50,000 coin per block thing, very low fees, plus inflation. Devcoin was launched as long ago as August 2011, it is merge mined with bitcoin (especially in the ghash.io pool), and which has additional features (the support for devs and others) and an already established broad community. Why would you need a fly-by-night like Doge to provide the same function?

Look deeper before you invest and you won't lose your money.

Let's see.. I tend to put my money or BTC towards alt coins that have a valid purpose behind them. I'm not interested in the `Muh Dik is bigger than yur Dik' coins..

Maza has a purpose behind it in it's helping out the Lakota Nation, a Native American Indian tribe.

Aurora is supposed to be helping out the Icelandic people in giving them an alternative to the Krona.

Litecoin I was figuring would have been the $50 low denominator to BTC for small spending..

Doge was supposed to be for tipping and gifting purposes or small purchases..

I'm finding that the altcoin market is starting to resemble the movie `The Wolf of Wall Street', which was nothing but a bunch of fucking penny stock traders defrauding their investors.

I suggest we pick 6 good altcoins and build them up so that you can draw in more investors.. This fucking jumping from coin to coin everyday is scaring away potential investors....


 

Why are you bothering with coins that have come out in the last month? Most of the innovative alts launched two years ago. Litecoin with script. Devcoin with inflation plus innovative ways of earning the coins (makes me laugh when the Doge community think they invented inflation!). peercoin with it's proof of stake. Primecoin with it's scientific goal.

All these have stood the test of time, survived attacks and have established communities and economies. Most of the coins being launched now are just derivatives. If you invest in a derivative, of course the price is going to collapse once the hype dies. Why would they stay up?

I turned my 3 GPU rigs off yesterday. All the alt coins are in the toilet. I don't need to hear fans for $8/day in profit. zZz...

Then I went to an S&M bar in Shinjuku. At one point, I remember slapping someone around in a cage for about an hour. OMG I just took a look at the pictures from last night and I realized that I look like a serial killer. Fuck. This is devastating.

First off, there is no such thing as low risk high reward. Clearly, you treated this like a casino, risked your money and now your taking a bath an complaining to stop treating crypto like a casino. Stop. No one wants to hear whining when you lose money trying to make a quick buck. Slow and steady wins the race when it comes to investments.

...but Microguy said it was a sure thing  

http://www.youtube.com/watch?v=rIWO48SJNHw

I'm glad others realize that.  GLD has always been a shitcoin.

i was just about to open a similar thread. Pandacoin devs ran away. Leaving a community behind to start another coin ... i haven't been involved. Just found that out today.
Where is mrc?
Pigs not flying ...
myr became pnd
pnd went belly up
continuumcoin - being added on cryptsy soon and still no value
usde - didn't move much ... why was this not a splash?
Topcoin saying at one sat forever ...
peng one sat, karm one sat ... more coins going to join the parade of .00000001 ltc per coin
Riecoin ...
even the much celebrated Reddcoin is after the cryptsy-add at lower prices than it started at.
why?
not only because of all the new coins but also because old projects are given up all to quick and easy (young dev thinks 'let's start a new thing and abandon the old - most quick and easy'). Why should investors come into something where they on the one hand have no more perspective in winning much (as is right now) and on the other have the risk they come online any day and while they were only sleeping the devs were exiting their coin and it was dumped already - person looses. Will not repeat many time.

Start making the investors money again or you can all go home!
The next big thing after bitcoin would probably be now a coin that is sustainable for more than 6 months and doesn't loose 90% of value in that period of time ...

just had a laugh about 42coin btw

it seems all new coin are going to bubble up exactly one time and die after that and are forgotten. If that is, what it is going to be like for the next period of time concider this whole operation to be an epic fail. It was the case not only for 42-coin so far but also for mec, qrk, xpm, wdc and others

i would call the thread 'can we stop acting like a trashcan'?
Create some value guys. Don't be so much of a throw-away-society. Sober up! Create value!
A focus on coins that are sustainable and will be around for longer periods of time (durability as a the new mega-feature) and thus being a good store of value (what else is this whole show basically about if you are not a scamming dev?) probably will make everybody more money right now than a focus on a quick, astronomic rise that doesn't happen anyways.

Just start supporting Einsteinium. The more people supporting, the greater its value gets. Greater value means the Einsteinium Fund is worth more and more (in USD) meaning the more publicity for each monthly donation will grow.. More publicity means value goes up again.

GLD is a shitcoin with 2 accounts made to pump it unsuccessfully.