Topic: MAJOR WARNING - ALL COINS - page 6. (Read 7976 times)

There are over 750 coins in existence but a coin without any substantial business would not have any value,but that is not the case with most of the coins,there are zero valuation coins in the list you provided and it wont increase unless and until there is a pump and dump scheme other than that nothing happens on those coins and bitcoin is different from the rest of the tokens.

 LoL
You're in crypto for a 3 days and you're already out with a dire warning to the rest of us?  You come across as a flake.

This reasoning should also apply to fiat money, as there are many companies that print their own coupons, promotional debit cards, etc: virtually every company is free to have its own "money" and, curiously, those payment options have not lost their value due to their abundance, nor will lose it.

I think if you really are an economist, you should deepen your thinking to give rise to an intelligent discussion of this topic and demonstrate that your supposed knowledge can contribute to a better understanding of this important issue.

you know what most of the people in my country think when someone says "Im an economist, listen to me ..." ? :

Sturgeon's Law applies, and in cryptocurrency, it's likely higher.

I think many here sounds religions. Just like believing in God or the market in 2007.

I'm trying to provide easy understandable facts for you here.
What anyone can make, is not worth anything.
That is economy 101.
What very few can make, is worth more. And so on.

There are over 700 cryptocoins today. https://coinmarketcap.com
Look this site.
What is it that you dont understand? It is the most simple economy you can ever learn.
Cryptocoin has no more value than some gold inside a computer game.

Sell it for money and invest in something real.
I'm out, at least I warned you.

This isn't true (if you want something that's an actual improvement or works as intended).

Sure you can copy/paste a current coin's design and copy/paste their updates to infinity--then you have V.2.0 and will always be playing catch-up. Bitcoin clones have proven this idea doesn't work at replacing the original.

And yes, you could copy/paste a coin and start adding your own features, but unless you have developers who understand cryptography, you are likely making something that will break with any real use (I'm staring at all those coins that use multiple hashing algorithms and didn't read or understand a cryptographic engineering textbook when they state that using multiple algorithms is a terrible idea and should be avoided unless absolutely necessary).

 I just whipped up a cola-based drink in my kitchen and it's pretty tasty!  Good bye Coca-Cola Company!!  Mhuahaha!  Sell all of your Coke and Pepsi stock while you still can, losers!

This is very strange, how do you describe that cryptocurrency is 0 (not valuable) with the viewpoint of your economic methodology? , You are not an economist I think you are like naturalists. All started from nothing and crushed with nothingness . =))

LOL...seriously.

Money per se is based on a belief system since the gold standard was abolished.
Fiat money, a piece paper, is not worth $100 in terms of its material value.

A cryptocurrency has value if people believe it does. Bitcoin has value because a growing number of retailers accept it as payment. There are, however, a number of well documented technical limitations with BTC, which must be overcome if its usage to become mainstream. A number of ALT coins have the potential to supersede BTC, although it will be hard to dethrone.

I agree that 99.9% of coins will fail and become worthless. The total market cap of the coins is ridiculous, given the usage of the coins as currency, it is purely speculation.  

Investing in the potential of a blockchain technology, as opposed to a currency, is a different kettle of fish. Many people confuse the two.

In my opinion, the bubble is still a long way from popping. Mainstream investment funds like Hardgreaves Landsdown are only starting to launch BTC investment funds. As BTC continues to grow, ALT coins will too. There are likely to be a few wobbles along the way. When the bubble eventually pops it will have implications way beyond the cryptocurrency world.

I expect total market cap of $90 - $110 billion by 2019/20, then collapse to $10 billion or less. The emperor has no clothes my friends.

Well at least your honest that your talking your trading book rather than your economics book.

Tip: A bearer token that can find a buyer in New Zealand for a Seller in Alaska AND allow them to take delivery within 20 minutes isn't going to  loose its value anytime soon.

Looks like he's going to be a joke on this forum, because I think he's misplaced to talk like that here, because this is a Bitcoin and Altcoin forum that turns all your expectations into reality, maybe you should have a longer thinking before you Create a thread and Posts like that.

How is a digital coin going to solve energy problems?

There is just too many coins.

In Economics, what create value for an asset is the force of demand for it. Coins are not being louche for creations sake but for a purpose of  solving a particular problem in our society. Suncontact was created to solve energy problem for example.

I don't believe you're an economist--and appealing to credentials is foolish anyway--but I don't disagree that there are way too many coins in existence and that most will end up as worthless.   I've been saying that myself for some time now.  Unless demand takes off, nobody is going to be using anything other than bitcoin, litecoin, and a small handful of others.   The rest of the shitcoins don't stand a chance.

When should I warn my fellow computer nerds?
When its to late?

Ok mr satan.

Also, normal currencies like USD and EUR are also worthless.
Buy real stuff, sell your coins and buy silver and gold, apartments, houses etc.

This is not good time to warn people.
We just started mainstream crypto phase. Its too early to see them become worthless.
It will have lot more demand in 10 coming years. You'll see.

Some people will of course believe in the cryptocoins anyway, regardless of the fact that they are worthless.
Just like people believe in santa claus or god.

But please, take my word for it, this is a bubble and when it pops it goes down very fast.
Have a plan with stop-loss that triggers automatically - not IF - but WHEN the market fails you.

I made alot of money from bitcoin.
Not because i believed in them or bought them, I'm a computer nerd so I just happened to have them since 2013.

I've sold it all now.

"Economist" LOL. If you use the theory with banking industry may be work. But this tech that soon replace fiat, and soon banks will colapse. If you work in a bank you'd better quit the job and invest or work for cryptocoins . You will make a lot of profit.