Topic: DogeCoin already bigger than Litecoin - page 5. (Read 8614 times)

sexcoin failed to deliver on their promises

This is some nice analysis Free Trade!  I'd often thought about coins per day for each of the different alt coins, but had not thought about the corresponding fiat money flows that would correspond to that.

This is great for one side of thinking about how to value the alternate cryptos, but the other side is what you can DO with the coins.  Right now BTC has by far the best infrastructure and support though it is getting taken over by "professionals."  Doge has build up a solid infrastructure pretty quickly, but that is a lot of fiat and coins it will have to absorb.

Thanks and good luck!

Zeta has got my vote. Just be patient.

Then ASIC-mined coins will be the future, then some "Intel, Microsoft, AMD, Google, etc" consortium created coin will be the future.

Personal opinion.

Market trends and technical analysis are still pointing up to the stars on Doge, round 2 is brewing.

@Zzzack thanks again. I need to rethink about Stable and Sex coins. I did invest in QRK and I have some of them. I also agree with you on CPU-mining for the future.

I started solo mine when Aliencoin launched so I was able to get some good coins, it was nice feeling to see you can get some coins solo mining

No to Stablecoin and Sexcoin. I have lengthy reasons for both, especially Sexcoin.

I'm not sure on Aliencoin. Don't know much about it. But if it goes like 42 coin, I suggest being one of the very first to invest in it and then sell pretty much immediately when it gets on an exchange. Those guys are better for marketing/branding than actually developing a coin (notice how many projects they're trying to handle rather than focus on a single project).

If you don't believe in cryptos medium/long term, then I suggest looking at OP's data. It indicates that QRK, Zeta, IFC need barely any money daily to maintain their value. Coins like Doge, if they lose interest, even if investors don't sell a single coin, miners will drive down the price unless 1.3 million dollars enter the market.

If you believe in cryptos, invest in the coin that has functional features that you think will separate it from others.

If you want to be safe - go BTC (lowest risk, some potential for growth), choose either LTC or Doge (personally not a big fan of these, but high growth potential), and choose QRK or another CPU-mined coin (personally I think a CPU-mined coin will be the future. QRK is a good medium term investment, still not sure how it will end up long term. But its got community, transactions 12x faster than btc and 8x faster than ltc, and only needs 800 new USD per day to maintain its value).


As for making money quickly and with a high return, follow coin launches and see which one is getting hype based on a meme or a feature or a developer. Buy in fast, and sell fast, because it takes a TON of effort to become a top 10 coin.

Zzzack thanks for the explanation. I am three years too late to the party. Now I am trying to get my head around, which one to mine and which one to invest. Everyday, there are bunch of clone coins created and most of them have very short shelf life with no clear vision or purpose. There are few I saw has some potential but I may be totally wrong here since I am a noob. The ones I have been looking at are StableCoin, purely for the security, Sexcoin purely for its vision and the last one is Aliencoin, purely because it is new and it was created by people who created 42 coin. I did mine Dodge in pool but with people mining at minimum 15MH/s I can't even get close to getting anything. Other than mining, I am still doing more work on finding something where I can invest rather than mining, so far I did not find some I can really invest, any ideas or suggestions?

I agree with the two posters above ^^

Namecoin is a dying brand. Its just been dropping these last few days. I can think of many better investments.

Personally, I don't see many of these coins lasting. I don't think BTC should be #1, LTC shouldn't be #2.. Doge actually deserves its spot, although I definitely don't see it as having long term potential because its just an LTC with a meme-based culture creating a community. That said, I love Doge. Doge has brought so many to the crypto scene who will soon see the light.


In terms of how to find a coin to invest in: I say use OP's main chart as a guideline to show how quickly each community needs to grow in order to be a reasonable investment. Many of these coins cannot grow that fast, and many of these coins will grow faster.

I also like investing in terms of functionality and I feel like the mining processes for the coins creates unique traits, so I like my portfolio to be split into - ASIC mined, GPU mined, and CPU mined.

Namecoin?! No, I don't care about that coin. Also Litecoin will not be "silver" in long term. Just my opinion.

have you even seen Namecoin's website ? It looks like a website from the 90's and the community is pretty much dead (there is none) There is no one driving it forward and the .bit domain experiment failed as a result. What keeps it alive ? Merge mine and the history behind it.

I didn't get it
800 is price
25 is coins per block
6 is  ?
24 is hours per day ?

EDIT : Got the answer above ... was posted while I was writing lol

Its simple.

To maintain a coins value, there must be demand that equals the newly supplied coins at their current price.

For BTC: (800$ a coin) * (25 coins a block) * (6 blocks an hour) * (24 hours a day) = Around 3 million NEW dollars needed every day to maintain the current price of BTC.
For QRK: (.074$ a coin) * (4 coins  a block) * (120 blocks an hour) * (24 hours a day) = 852 NEW dollars needed every day to maintain QRK's price.
For Zeta: 230$ NEW dollars needed every day to maintain Zeta's value.

I was unconvinced on Zeta before, but if they are putting any development into that coin (coding updates, branding), its probably worth it since 230$ a day is nothing. Same goes for QRK and IFC.

Investing in Doge at this point is pretty crazy (I got in when it was cheap as hell and should probably consider selling soon unless the community funds the whole olympics or some shit). They need to convince people every day to put in 1.3 million dollars into a jokecoin.

Bitcoin=Gold
Litecoin=Silver
Namecoin= Bronze

I am not trying say anything wrong with the numbers or the projections are wrong, but I am very confused the model, the only reason, dodge and moon coins are bubbling is that the users are able to mine ton of coins compare to the rest of the coin, that does produce large number to be traded compare of other coins which provides only 20, 40 or 100. With that the miners are holding them back. I guess,which ever clone follow that model, that clone will catch on as well. Just a thought.
Just curious where did you get the numbers? I like the approach you took by the way.

Its actually the opposite. Look at my post a couple above. The lower the number = the fewer investors PER DAY that you need to invest in that coin. It might make sense to throw 20$ into each of those bottom 5 based on this guy's numbers. I'll have to confirm them obviously.

why?

If you believe in this pattern WDC should be the next to explode.

For investment purposes, I would probably aim for one of the low coins:

Bottom 5 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Devcoin  - 0.00059 - 5000x6x24 =   424
Megacoin - 0.57 - 25x24x24 =       328
Zetacoin - 0.02 = 4x120x24 =       230


This is a great resource as I haven't really considered this. The fact that they need fewer users per day to maintain a market cap means that they are a better investment. Why would I want a coin that NEEDS thousands of new users every day just to MAINTAIN its value?

Devcoin block size should be 50,000 instead of 5,000?

Anyway, talking about hidden rockets....