Coins and Community without development

G2M

sr. member

Activity: 280

Merit: 250

Activity: 616

Quote from: zeeshsnrehman2 on May 27, 2015, 03:10:10 PM

i dont buy any coin except bitcoins and litecoins. some nxt coins maybe in the near future, i know they are doing pretty good for now. even if i have to wait a little more and the price rise a bit more, i dont worry about that, the end is not gaining 100% on the coin you buy but buying a coin that will make you generate profit on the long run.

most of the coins are pump and dumps. they all want to make money. some get $5000 from sales of their coin and suddenly poof... coin dissapear.

i believe in team work.

instead of having 1000 different coins, if everybody put their effort, working as a team and create 10 different alt coins + Bitcoin, we would have had a better crypto market and it would not be as saturated as it is now

commie

zeeshsnrehman2

full member

Activity: 168

Merit: 100

Where is Teddy?

i dont buy any coin except bitcoins and litecoins. some nxt coins maybe in the near future, i know they are doing pretty good for now. even if i have to wait a little more and the price rise a bit more, i dont worry about that, the end is not gaining 100% on the coin you buy but buying a coin that will make you generate profit on the long run.

most of the coins are pump and dumps. they all want to make money. some get $5000 from sales of their coin and suddenly poof... coin dissapear.

i believe in team work.

instead of having 1000 different coins, if everybody put their effort, working as a team and create 10 different alt coins + Bitcoin, we would have had a better crypto market and it would not be as saturated as it is now

G2M

sr. member

Activity: 280

Merit: 250

Activity: 616

Quote from: spacehopper on May 27, 2015, 03:02:05 PM

The clone coins will stop when nobody is prepared to buy them. Less and less people are buying them so I think they will eventually fizzle out.

Volume has steadily increased for non bitcoins over the last year, not gone down. Marketcap summation is a terrible indicator, but that has increased as well.

The number of users across exchanges has also risen somewhere to the tune of 20-30%, taken from numbers shared willingly by exchanges.

One thing is for certain, there's no shortage of people willing to buy them, and no shortage of people willing to create them.

So would you care to change your opinion? Or are we all just gonna keep hoping for the best?

melody82

sr. member

Activity: 378

Merit: 257

I agree more or less. I wish efforts be put into improving current technology in stead of trying to invent something new. We have PLENTY of alt coins and some of them are pretty darn decent. But with the rapid price fluctuations I am nervous buying any. The way I see it is that people will keep making them and a few will break out of the pack like litecoin has. I was just ready to buy some when they were ~1.50 but now they jumped up to 1.85 or so, and I am nervous that they will plummet as soon as I get some.

zeeshsnrehman2

full member

Activity: 168

Merit: 100

Where is Teddy?

i dont think they will stop popping up everyday. the truth is some people think that when you make a coin people will buy and they keep the premine so that they sell when it reaches a certain amount in worth per coin. they, without any soft dev background make coins everyday. 99% of coins created are bullcrap.

spacehopper

member

Activity: 121

Merit: 10

The clone coins will stop when nobody is prepared to buy them. Less and less people are buying them so I think they will eventually fizzle out.

G2M

sr. member

Activity: 280

Merit: 250

Activity: 616

commie

itsAj

hero member

Activity: 588

Merit: 500

I just went on the altcoin section. To my suprise we are now in the olden days where people are just releasing sourcecode from coingen sources. Personally I'm not supporting anymore coins without fresh and interesting ideas. If you cannot produce a wallet please do not produce a coin. If you cannot create documentation do not produce a coin. It is the equivalent of spam. Thanks.

The market is damaged now but we need active developers to start producing and community members support.

The same is applied if you never own any coins or don't believe in the development of what they stand for and you are fudding good projects. Stop doing it you are not even helping yourself at this point.

We are all wanting new fresh and good ideas but there is a limit to putting so much out on the market.

/rant over

Topic: Coins and Community without development (Read 578 times)