other coins in market is competition for bitcoins but no body can beat BTC
other coins in market is simple shit and don't have purpose except chance for exchange to bitcoins and exchange for fiat 
Topic: STOP BUYING INTO ALT COINS , as you are indirectly hurting Bitcoin - page 5. (Read 8585 times)
April 12, 2014, 04:29:49 PM
April 12, 2014, 08:22:31 AM
Well, I have a question: If I choose to buy penny stocks instead of investing in Boeing or Costco, then does that hurt Costo's stocks because I'm not investing in them like I could be?
Yes. That would hurt Costco's stocks. First of all you might have used the money to buy Costco stocks, if you didn't had your sights on the penny stock. Secondly, it adds to the demand of the penny-stock, at the same-time (relatively) reduces the demand for the Costco stock.
April 12, 2014, 03:43:23 AM
I used to think nearly the same..altcoins were simply a distraction as bitcoin is a protocol and layers will be built on top. Then I look at the marketcap disparity between litecoin (which will have no advantages when ASICs roll out) and Vertcoin (which is a superior #2 coin.)
If the world wants Altcoins then Vertcoin has a shit ton of upside to catch up to LTC.
BTC and VTC
If the world wants Altcoins then Vertcoin has a shit ton of upside to catch up to LTC.
BTC and VTC
The price is determined not by ASICs/no ASICs, but by supply/demand. Demand is driven by adoption, merchants, marketing/media efforts. With that in mind I don't see how Vertcoin has any advantage over other more popular/innovative altcoins. This resistance to ASICs feature is utterly useless in my opinion, as only miners care about that, and miners for the large part don't work to generate demand, on the contrary, they dump coin supply on the market. ASICs are even good because they add more hashrate to the network, making it more secure, but I wouldn't mention this factor as it's not very significant for price appreciation. The significant ones are typed in bold above.
April 12, 2014, 02:06:36 AM
I used to think nearly the same..altcoins were simply a distraction as bitcoin is a protocol and layers will be built on top. Then I look at the marketcap disparity between litecoin (which will have no advantages when ASICs roll out) and Vertcoin (which is a superior #2 coin.)
If the world wants Altcoins then Vertcoin has a shit ton of upside to catch up to LTC.
BTC and VTC
If the world wants Altcoins then Vertcoin has a shit ton of upside to catch up to LTC.
BTC and VTC
April 12, 2014, 01:54:40 AM
Well, I have a question: If I choose to buy penny stocks instead of investing in Boeing or Costco, then does that hurt Costo's stocks because I'm not investing in them like I could be?
It's all a gamble. Buying bitcoin is a gamble. Buying litecoin is a gamble. Everyone is just trying to figure out the best odds of making a few bucks a year from now.
It's all a gamble. Buying bitcoin is a gamble. Buying litecoin is a gamble. Everyone is just trying to figure out the best odds of making a few bucks a year from now.
April 12, 2014, 12:31:35 AM
Maybe thats one of the reason btc cant hold its value
April 11, 2014, 12:01:16 PM
If you guys dont know it does kinda hurt bitcoin, when u exchange btc into another coin your giving that coin the power.
April 11, 2014, 11:23:46 AM
Stop buying DVDs, youre hurting VHS.
The OP was actually saying: Stop buying VHS, you are hurting the sales of Blu-Ray (and your eyes).
April 11, 2014, 09:28:34 AM
Stop buying DVDs, youre hurting VHS.
April 11, 2014, 07:19:06 AM
BTC has already earned the reserve status, people buy BTC to invest in alt-coins. So nothing is going to hurt BTC since using BTC in trades only leads to wider adoption of BTC.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I agree Bitcoin has already reached reserve status for other coins so it should still be seen as a store of value for some time
+1
The easiest way to
I wouldn't be so sure of that.
For me, I just obtain altcoins by mining
Then sell them for bitcoins
That's 'indirectly' supporting bitcoin price
April 11, 2014, 04:44:54 AM
It's a crypto currency war, some altcoins are struggling to be #1. There are many people who joined late, and they hate buying expensive (relative to altcoins) bitcoin, some can't afford to buy even 1 full bitcoin, that sure makes them feel like losers, and they buy into promising altcoins. No mercy and no prisoners in this war, sorry OP, there are no friends in profits or love.
April 11, 2014, 03:59:11 AM
BTC has already earned the reserve status, people buy BTC to invest in alt-coins. So nothing is going to hurt BTC since using BTC in trades only leads to wider adoption of BTC.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I agree Bitcoin has already reached reserve status for other coins so it should still be seen as a store of value for some time
+1
The easiest way to
I wouldn't be so sure of that.
April 11, 2014, 02:07:34 AM
BTC has already earned the reserve status, people buy BTC to invest in alt-coins. So nothing is going to hurt BTC since using BTC in trades only leads to wider adoption of BTC.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I agree Bitcoin has already reached reserve status for other coins so it should still be seen as a store of value for some time
+1
The easiest way to buy altcoins is to buy bitcoins first.
April 11, 2014, 12:53:29 AM
BTC has already earned the reserve status, people buy BTC to invest in alt-coins. So nothing is going to hurt BTC since using BTC in trades only leads to wider adoption of BTC.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I think it would just have the opposite effect -- more people buying into alt coins, the better off BTC is.
I agree Bitcoin has already reached reserve status for other coins so it should still be seen as a store of value for some time
April 11, 2014, 12:49:01 AM
My paraphase of the OP. "Stop helping yourself, thinking for yourself, and be unified with and welded to the Titanic".
April 10, 2014, 11:55:27 PM
I don't like many alts but hey, they are allowed to exist. It is a free market. You have to hope that dumb copy coins made over a weekend will die slow deaths while the few and great inventive and promising new alts prosper.
The cryptocoin game is far less rigged than 'real' fiat funny money markets, so it's nothing to feel to shitty about. I still have no idea why Doge got so popular but I don't begrudge that it did; it's a free market.
The cryptocoin game is far less rigged than 'real' fiat funny money markets, so it's nothing to feel to shitty about. I still have no idea why Doge got so popular but I don't begrudge that it did; it's a free market.
April 10, 2014, 10:20:01 AM
I'm sure your message touched the hearts of everyone holding $100 AuroraCoins that were worth 0.04 cents when they were purchased.
"No", they said, "Becoming a millionaire isn't worth hurting tstang's feelings."
"No", they said, "Becoming a millionaire isn't worth hurting tstang's feelings."
April 10, 2014, 08:46:15 AM
If bitcoin could be hurt and needed my help, I would not want it. People should be able to do as they want. Even if it is wasting their money.
April 10, 2014, 08:43:37 AM
Aurora coin shot up to $100? I thought it was a scam coin
April 10, 2014, 06:18:55 AM
As you all are aware of recent Aurora coin that shot up to $100 with market cap almost $ 1.2 Billion.
That is almost 15% of Bitcoin Market Cap.
That is almost 15% of Bitcoin Market Cap.
This wasn't the actual market cap, because only a few coins were actually in circulation (before the 'air drop').
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