How long will the alt coin retro (necro) trend last?

alt19

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Quote from: NorrisK on June 14, 2015, 12:10:35 PM

Interesting graph.. Do you have one that shows the enitre picture? So from January 6, 2014? Would be interesting to see!

The entire picture... 2014 was not a good year, of course, Bitcoin supremacists (I don't mean true Bitcoin believers but those only who hate altcoins and impose their opinion actively) have invented a concept of "dead scam sh.." coins and have named altcoin believers "bagholders", and it helped real scammers to get people's money with ninja launches and with some other "new and cool" projects.

But now it seems something is changing, thanks to people who have an independent mind and are able to risk and to go against the crowd.

Zetacoin Express

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I think this 'trend' will continue for the foreseeable future. At least until there is a sudden upward move in the price of a Bitcoin.
Traders are getting board with Bitcoin's stable value, so they move back to something more exciting.

I think the end result will be positive for some of the better altcoins the currently exist. More money flowing in means growth and more incentive to impriove them.

Many bag holders will use this as an opertunity to exit. Also a good thing, no longer will a single person be able to crash the market. Allowing the value to grow naturally for altcoins that are no longer in the initial distrobution phase and are in the inflationary phase.

NorrisK

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Quote from: alt19 on June 14, 2015, 12:02:34 PM

Quote from: chesthing on June 13, 2015, 06:43:28 PM

New coins give those not on the inside at least a chance to make profit. If all we have are 2 or 3 out of a thousand old coins that will pump that week, well, I'm out. That is truly throwing darts at a board, I'd rather play blackjack or the rulette wheel.

That's a daily chart of ALT100USD, an altcoin market index based on value of 100 coins, being traded on Cryptsy. A value is calculated in USD.
You can see that the minimum was 25.139 (Jan 2015) and a current value is 58.65. (+131 %)
So you simply could buy all index components not guessing which coins to choose and have a good profit of the whole portfolio.

Why Cryptsy coins? Because Cryptsy never delists coins (one exception was LGD which was a real scam with an exploit).
Why old coins? 1) not to deal with numerous scam ninja coins and not time-tested one 2) because the pioneers, released before altcoin big bang in 2014, have a value of collectibles, at least.

With a current value of 58.65 ALT100usd still doesn't seem to be overbought. That index was first calculated on January 6, 2014, with a base value of 1000.

It seems since Jan 2015 there is an up trend and probably 1st wave has ended in April.

Interesting graph.. Do you have one that shows the enitre picture? So from January 6, 2014? Would be interesting to see!

alt19

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Quote from: chesthing on June 13, 2015, 06:43:28 PM

New coins give those not on the inside at least a chance to make profit. If all we have are 2 or 3 out of a thousand old coins that will pump that week, well, I'm out. That is truly throwing darts at a board, I'd rather play blackjack or the rulette wheel.

That's a daily chart of ALT100USD, an altcoin market index based on value of 100 coins, being traded on Cryptsy. A value is calculated in USD.
You can see that the minimum was 25.139 (Jan 2015) and a current value is 58.65. (+131 %)
So you simply could buy all index components not guessing which coins to choose and have a good profit of the whole portfolio.

Why Cryptsy coins? Because Cryptsy never delists coins (one exception was LGD which was a real scam with an exploit).
Why old coins? 1) not to deal with numerous scam ninja coins and not time-tested one 2) because the pioneers, released before altcoin big bang in 2014, have a value of collectibles, at least.

With a current value of 58.65 ALT100usd still doesn't seem to be overbought. That index was first calculated on January 6, 2014, with a base value of 1000.

It seems since Jan 2015 there is an up trend and probably 1st wave has ended in April.

Cashew

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No one knows exactly how long it lasts! It depends on the pumpers!

chesthing

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New coins give those not on the inside at least a chance to make profit. If all we have are 2 or 3 out of a thousand old coins that will pump that week, well, I'm out. That is truly throwing darts at a board, I'd rather play blackjack or the rulette wheel.

solid12345

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Quote from: not altcoin hitler on June 12, 2015, 08:07:15 PM

Not a "necro trend", it is THE trend.
The only real way of distribution is longterm pow mining - everything else is a scam.
So longterm pow mined coins have been in accumualtion mode for quite some time and now finally broke into bullmarket.
These are the altcoins that matter, not ninjalaunch, fastmine or ico

Any new coin that wants to be a longterm project and real money token will also have to go through accumulation phase and pow mining with halvings when during early stages people will say "it's dead" while smart money buys. Sucks for you if you don't understand it.

Highly risky initial speculative bubbles are really not interesting for longterm traders. These "novelty bubbles" are only an indicator for what could come later after accumulation.

You can set POW on a coin all you like but if there is no demand for it it doesn't matter.

JobCreator

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The minting phase for several of these older altcoin that are currently seeing a price rise has pretty much ended or is ending soon. For some it may be a temporary boost, for others, it could be a permanent boost.

Just because no one posts on the thread, or the 'developer' is absent, doesn't mean a coin is dead. So long as the blockchain is moving, it's alive and well.

It took Bitcoin 4 years to get to where it is today. Many of these altcoins are no more than 1 year old.

Quote from: not altcoin hitler on June 12, 2015, 08:07:15 PM

Any new coin that wants to be a longterm project and real money token will also have to go through accumulation phase and pow mining with halvings when during early stages people will say "it's dead" while smart money buys.

Exactly. The real winners are those who held and accumulated for long term investment.
Those with the 'mine & dump' methodology, who made a small profit in the beginning will ultimately be the biggest losers.

The Sceptical Chymist

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Top Crypto Casino

Q: How many grandmothers did Ed Gein dig up and pump?

not altcoin hitler

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Amazix

Not a "necro trend", it is THE trend.
The only real way of distribution is longterm pow mining - everything else is a scam.
So longterm pow mined coins have been in accumualtion mode for quite some time and now finally broke into bullmarket.
These are the altcoins that matter, not ninjalaunch, fastmine or ico

Any new coin that wants to be a longterm project and real money token will also have to go through accumulation phase and pow mining with halvings when during early stages people will say "it's dead" while smart money buys. Sucks for you if you don't understand it.

Highly risky initial speculative bubbles are really not interesting for longterm traders. These "novelty bubbles" are only an indicator for what could come later after accumulation.

Lorenzo

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This isn't really a new thing though is it? I remember BBQcoin, Ixcoin, and I0coin were all thought to be dead for a long time before being revived and having their market caps explode during the crypto hype bubble of 2013.

Franciem

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Real power doesnt hit hard,but right to the target

I believe that new wave of altcoins is comming. Now is the era of MN.
Before it was anonymous transactions.

Looking forward what crypto will bring.

BTCfaucetTIME

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it just ryan pumper and his gang they are having fun on us

Spoetnik

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FUD Philanthropist™

I wonder what do you guys consider an "old" coin ? Tenebrix ? LOL
I watched most of you show up when BTC exploded years ago..
and the existing guys starting making you all new coins.
you guys stopped buying into the clone coin game so what do you expect ?
It's about getting money out of your pockets guys.. not Altcoin market trends or what ever.
top 10% get rich and the lower 90% toil around being played.. they make their own rules and the money.

sdmathis

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AKA The Rubber Monkey

Most new coins are simply old coins with a pretty bow on top, so why not pump an old coin? Pumpers can make more profits on those with little down side.

NorrisK

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Quote from: kjadB on June 12, 2015, 02:56:02 AM

Quote from: HCLivess on June 12, 2015, 02:44:03 AM

forever. and if you dont know this, you have no idea how bitocin works.

it depends on which group is larger - old alt coiners (who would want to pump old coins they already hold), or new alt coiners who would obviously want to create 'new' coins. I tend to think new coins look better than retro coins to new money, so I think this latest trend will be short lived

New money flows into thriving coins. Doesn't matter if it is old or new. Look at verycoin, old coin, pumped, end result was massive volume.

kjadB

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Quote from: HCLivess on June 12, 2015, 02:44:03 AM

forever. and if you dont know this, you have no idea how bitocin works.

it depends on which group is larger - old alt coiners (who would want to pump old coins they already hold), or new alt coiners who would obviously want to create 'new' coins. I tend to think new coins look better than retro coins to new money, so I think this latest trend will be short lived

HCLivess

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=== NODE IS OK! ==

forever. and if you dont know this, you have no idea how bitocin works.

acdc

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Quote from: kjadB on June 12, 2015, 02:38:13 AM

Is boredom the cause of the alt retro/necro trend? how many alt coins can be dug up and pumped before the trend ends?

it does seem that exhuming alt coins is the new black

kjadB

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Is boredom the cause of the alt retro/necro trend? how many alt coins can be dug up and pumped before the trend ends?

Topic: How long will the alt coin retro (necro) trend last? (Read 1271 times)