Topic: rpietila Altcoin Observer - page 21. (Read 387455 times)

you can use cap/float weighted indices and filter out the shitcoin. Using mid august index start,   measuring last 7D action of top 25 alts with market capitalisation in excess of 1MM USD they are down about 12%, XMR certainly not the best performer.

I'm collaborating with a domain expert subscriber to this forum, working to develop something that would seem to broadly satisfy the requirement, the project's working title is "SandRaiser", btw.

I've been engaged in backfilling the data, it needs a bit more work but I should have something for you to look at later today (TZ=BST).

There are three indexes at the moment and a couple in speculative development :

1. FullMonty/+ - all altcoins with a calculable marketcap (very rough and ready, obv)
2. Key30/+ - top 30 coins by marketcap
3. NonMinables - an index of PoS-only coins.

1 & 2 are presented with and without LTC, hence the "/+" and have been balanced at August 23.
3 is balanced separately about a week ago (can't recall offhand).

The arithmetic is based on the equations laid out in S&P maths tech PDF doc

Is this the kind of thing you had in mind?

Oh, I'll chuck this in, as well - add a few facts to the mix, I posted it a few days ago in a separate thread, it may well have escaped your notice:



Cheers

Graham

I mean a table where there's a certain startpoint (for example Sept 15, when the BTC latest fall started in earnest). Then it lists how the altcoins have done during the decline. There's some talk in XMR threads that it has performed poorly, but some also say that it is better than most. A factual comparison would be really good obviously!

You mean something like this: http://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/

But with a long-term chart of the top items?

Please someone make available the general index of altcoins vs. BTC how it's been doing in the time of carnage. (over the course of a few weeks, and also since the dropping through the latest floor)

I would say 10-20 largest altcoins would be good for the index, but I also heard indices with established methodologies exist.

or http://www.reddit.com/r/BitcoinMarkets/comments/2iauh9/ohcc_exchange_partnership_and_the_fractional/ ?

For about ten seconds until the next person noticed. A lot of people (and their alarm bots) are paying attention to those addresses.

Actually no. If anyone had reasonable proof that had happened, they would keep it to themselves, and sell any BTC they held , carefully..

   The noob troll accounts do shout this every time there is a drop.  It helps me to identify them for 'ignore' processing (cleared 3 this morning).  At first I used to check the blockchain.  Finally I signed up for my own account that I might exercise that little button, making lurking bearable again.

Pretty unlikely this is happening. People would notice it I think and be shouting it from the rooftops if those coins moved at all.

Much simpler: the Chinese speculators, who lifted the price last November from ~120 to ~1200,  are becoming disenchanted with bitcoin (which, for them, is only good for speculation), selling all they have for whatever price they can, and leaving the market.

And now some large holders in the West are surely having second thoughts, and doing the same -- discreetly, while telling everybody to hold.

i am fairly sure the sell off has been building somewhat and the TRIGGER was how the market BARELY MOVED when paypal announced its integration w bitcoin and basically there was a 3% bump that got sold off in 12 hours.

everyone knew it wasn't going up or a long time and way overbought at that point.  my question is what's the bottom for bitcoin/xmr.  i was lucky enough to pull out 4 zeros to pay off credit card RIGHT before the sell off (btc around 380 i think and xmr around 310).  am tempted just to buy back in but i think btc can go to 270...

Total Market Cap: $ 4,639,741,579
Last updated: Oct 05, 2014 3:30 PM UTC

24h change -9.28 % for the top three, some doing as worse as -18.60 % (XMR). No hiding place anywhere, with the exception of "BitShares PTS" but that is a small one.

That is the mess, now where is the reason? Is it:

1) Satoshi got hacked, the email adress popped up recently, his Bitcoins get dumped. Since all Altcoins reference their trade value on that, going down in flames too. Should be visible inside Blockchain analysis.
2) Some other party sells on a grand scale. I remember there had been huge reserves inside Silkroad and MtGox. Traceable.
3) People distrust information technology now since the Snowden incident, so they sell (many small private holdings)
4) The other reason, it is not to many sells but lack of buying support. Should be visible in comparing the Orderbooks with history data (which I do lack)
5) Generall lack of interest since private people cannot mine Bitcoins anymore on their desktops. Duh, difficult one ... Difficulty is still high. But how to know where the Hashrate originates from?

edit:
6) self fullfilling prophecy taking place outside of the Altcoins. BTC gets sold because the price dips, with the intention of buying back in on a cheaper value. Hence the price dips further. This starteded 2~3 days ago

+1

Velocity and usefulness are the keys to the value of any currency (not just crypto). Both velocity and usefulness are tied to the confidence people have that they can USE the currency to buy things of value. Similarly, people won't hoard a currency unless they have confidence in its future usefulness.

I predict that when a truly useful cryptocurrency exists -- one that is valued based on its velocity and utility -- I predict that its price will also be much less volatile than the cryptocurrencies we have today.

Just a bloody period for all crypto over the last couple of months.

Still trying to do work on indexing, but I have a record of coinmarketcap showing total crypto cap at $8.6 billion on August 4th.

Just two months later, we're at $4.6 billion for a whopping 46.5% slide.  Not a lot of hiding places.

I'm glad to see others realizing this.

Bitcoin is the pressure release valve.  When gatekeepers try to censor you (prevent you from spending your money as you see fit, seizing it, inflating it, reversing payment, etc), bitcoin lets you circumvent. It's not free though, bitcoin is a horribly inefficient and expensive ledger-keeping system.  Still, compared to being censored, it's still quite attractive.

Gatekeepers are not all stupid, they will be forced to loosen their restrictions or die. 

So, gatekeepers will loosen up just enough to keep you from fleeing to bitcoin.  That is actually FAR looser than they are today, which is great.  Ultimately, though, bitcoin must remain niche due to its inefficiency.  It will force competition and simply obliterate banking and finance as we know it today.  However many of the same gatekeepers will still be around, they'll just be much friendlier.

This is one of my pet peeves with the cryptosphere in general - creators of currencies must not only be able to code, they damn better understand the entire economic function and purpose of their creation if they are to be taken seriously by serious people. One of the least talked about thing about Satoshi was his grasp of economics, commodity markets, social sciences and politics. He was taken seriously not only because he was a genius coder and an idealist, but because he understood the fundamental economic role of his creation.

I did not mean you specifically, but that was THE argument, nine months ago.  I don't recall reading any other back then.

Although I reserve the right to change opinions, that is something I have never emphasized. Only that someone else but you has said it, does not make me responsible. 

Is it possible for the CN coin to be PoS + PoW? Would the untraceable address make PoS impossible?