It is not death of all altcoins. Simply recently there were a lot of new coin that were clones of older coins or already premined. Idea of having many altcoins is there is free market and best coins can survive. Right now there are at least 10 altcoins that are doing fine. In future when people again get creative and creates new idea for altcoins market will move again.
Topic: null (Read 1577 times)
The two strongest reasons for declining altcoin prices for me are:
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
there another reason that everyone seems to ignore
we have so many miners now compared to august
more miners = more people want money= more dumpers
We wouldn't have so much dumping if there were a few quality coins how ever many miners there were. Its dilution of quality that is clearly responsible for people pumping and dumping coins.
The two strongest reasons for declining altcoin prices for me are:
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
there another reason that everyone seems to ignore
we have so many miners now compared to august
more miners = more people want money= more dumpers
The two strongest reasons for declining altcoin prices for me are:
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
1. Most clones are inferior to their original. They don't offer new features.
2. Almost all POW coins have a very high inflation rate, even bitcoin.
That's why I stick around with innovative 100% POS coins
good one why don't you mention how your instamined quarkcoin is better then the rest?
Huh? I don't have quark. I used to buy some, but replaced it with Securecoin back in December, exactly for the reason that Securecoin is not quickmined. But both aren't worth a lot these days, haha.
Most will die there will be a few strong remaining. One thing I have learned is community support is more important than technology aspects. Eg quark coin has more useful tech aspects to it but dogecoin has 72,000 reddit followers, it's all about attracting more people and dogecoin even though it has only been a copy coin continues to spread the word.
Some of the altcoins are dying, that's for sure, but not all of them. Now is perfect time to buy those that will survive.
hm I don't know about you suggestion. How about buying coins that will not survive?
Worldcoin and Earthcoin were big disappointments. I lost a lot. Same (but not in that extent) with nearly every other altcoin (except of PPC but this is going down too). But new ones are coming. I think Darkcoin or Blackcoin have a good chance to increase value against Bitcoin in one year. Peercoin and maybe Litecoin have a good perspective,too. 7
And sure, there will come out some new innovativve coins...
btw: Just make an hash algorithm ASIC proof is absolutely no technical advantage (I mean Jane Scrypt, N-factor and so on. POS only can work)
Buying coins that will not survive doesn't sound like a good idea to me, why would anyone do that? Let's buy at least those that will make it to the end of 2014 without losing half of their value
Worldcoin - I dropped it when its wallet couldn't sync properly for some time, I figured if they couldn't fix their wallet, then the coin has no future. I heard later they fixed it, but I was probably right about the future.
Never downloaded Earthcoin, it wasn't different enough from others or something.
Darkcoin and Blackcoin aren't likely to become mainstream for obvious reasons, starting with their names, without mainstream they aren't likely to appreciate much. Mainstream users would be plain scared to use them, and no legal merchants would accept them.
Peercoin - well, it's interesting, as it incorporates PoS approach, but why not choose NXT instead, it's already at the point where Peercoin will be when all PPCs will have been mined, so why waste electricity, only to get where NXT aready is.
Litecoin was cool while it was the only one, but I don't see that it appeals to public ('silver to bitcoin's gold' is in fact BS, because in real world silver has unique properties that no other metal has and that makes it valued, but in cryptos, any coin can have the same properties as Litecoin, so that only unsophisticated ones can believe in that slogan), mainstream seems to like Dogecoin much more, just look at how much press it received in very short time, and comedy sells well, so I bet on Dogecoin.N-factor - not so attractive in my opinion, because by the time when the first RAM doubling kicks in (2016) the crypto currencies world will have changed so much, especially PoW coins, that it'll be irrelevant.
good one why don't you mention how your instamined quarkcoin is better then the rest?
Some of the altcoins are dying, that's for sure, but not all of them. Now is perfect time to buy those that will survive.
hm I don't know about you suggestion. How about buying coins that will not survive?
Worldcoin and Earthcoin were big disappointments. I lost a lot. Same (but not in that extent) with nearly every other altcoin (except of PPC but this is going down too). But new ones are coming. I think Darkcoin or Blackcoin have a good chance to increase value against Bitcoin in one year. Peercoin and maybe Litecoin have a good perspective,too. 7
And sure, there will come out some new innovativve coins...
btw: Just make an hash algorithm ASIC proof is absolutely no technical advantage (I mean Jane Scrypt, N-factor and so on. POS only can work)
Buying coins that will not survive doesn't sound like a good idea to me, why would anyone do that? Let's buy at least those that will make it to the end of 2014 without losing half of their value
Worldcoin - I dropped it when its wallet couldn't sync properly for some time, I figured if they couldn't fix their wallet, then the coin has no future. I heard later they fixed it, but I was probably right about the future.
Never downloaded Earthcoin, it wasn't different enough from others or something.
Darkcoin and Blackcoin aren't likely to become mainstream for obvious reasons, starting with their names, without mainstream they aren't likely to appreciate much. Mainstream users would be plain scared to use them, and no legal merchants would accept them.
Peercoin - well, it's interesting, as it incorporates PoS approach, but why not choose NXT instead, it's already at the point where Peercoin will be when all PPCs will have been mined, so why waste electricity, only to get where NXT aready is.
Litecoin was cool while it was the only one, but I don't see that it appeals to public ('silver to bitcoin's gold' is in fact BS, because in real world silver has unique properties that no other metal has and that makes it valued, but in cryptos, any coin can have the same properties as Litecoin, so that only unsophisticated ones can believe in that slogan), mainstream seems to like Dogecoin much more, just look at how much press it received in very short time, and comedy sells well, so I bet on Dogecoin.
N-factor - not so attractive in my opinion, because by the time when the first RAM doubling kicks in (2016) the crypto currencies world will have changed so much, especially PoW coins, that it'll be irrelevant.
Can the current scrypt asics already mine n-scrypt (at the current values of n i.e.)?
Some of the altcoins are dying, that's for sure, but not all of them. Now is perfect time to buy those that will survive.
hm I don't know about you suggestion. How about buying coins that will not survive?
Worldcoin and Earthcoin were big disappointments. I lost a lot. Same (but not in that extent) with nearly every other altcoin (except of PPC but this is going down too). But new ones are coming. I think Darkcoin or Blackcoin have a good chance to increase value against Bitcoin in one year. Peercoin and maybe Litecoin have a good perspective,too. 7
And sure, there will come out some new innovativve coins...
btw: Just make an hash algorithm ASIC proof is absolutely no technical advantage (I mean Jane Scrypt, N-factor and so on. POS only can work)
Buying coins that will not survive doesn't sound like a good idea to me, why would anyone do that? Let's buy at least those that will make it to the end of 2014 without losing half of their value
Worldcoin - I dropped it when its wallet couldn't sync properly for some time, I figured if they couldn't fix their wallet, then the coin has no future. I heard later they fixed it, but I was probably right about the future.
Never downloaded Earthcoin, it wasn't different enough from others or something.
Darkcoin and Blackcoin aren't likely to become mainstream for obvious reasons, starting with their names, without mainstream they aren't likely to appreciate much. Mainstream users would be plain scared to use them, and no legal merchants would accept them.
Peercoin - well, it's interesting, as it incorporates PoS approach, but why not choose NXT instead, it's already at the point where Peercoin will be when all PPCs will have been mined, so why waste electricity, only to get where NXT aready is.
Litecoin was cool while it was the only one, but I don't see that it appeals to public ('silver to bitcoin's gold' is in fact BS, because in real world silver has unique properties that no other metal has and that makes it valued, but in cryptos, any coin can have the same properties as Litecoin, so that only unsophisticated ones can believe in that slogan), mainstream seems to like Dogecoin much more, just look at how much press it received in very short time, and comedy sells well, so I bet on Dogecoin.
N-factor - not so attractive in my opinion, because by the time when the first RAM doubling kicks in (2016) the crypto currencies world will have changed so much, especially PoW coins, that it'll be irrelevant.
Some of the altcoins are dying, that's for sure, but not all of them. Now is perfect time to buy those that will survive.
hm I don't know about you suggestion. How about buying coins that will not survive?
Worldcoin and Earthcoin were big disappointments. I lost a lot. Same (but not in that extent) with nearly every other altcoin (except of PPC but this is going down too). But new ones are coming. I think Darkcoin or Blackcoin have a good chance to increase value against Bitcoin in one year. Peercoin and maybe Litecoin have a good perspective,too. 7
And sure, there will come out some new innovativve coins...
btw: Just make an hash algorithm ASIC proof is absolutely no technical advantage (I mean Jane Scrypt, N-factor and so on. POS only can work)
I've already written the BTC off mentally anyway 
Care to share why so?
I do have my doubts about it too, but then, if you think of it, no investment is perfect, all of them have weak points which bring some doubts. Would like to hear yours on bitcoin. 
Jump to: