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Topic: The end is coming. (Read 3699 times)

full member
Activity: 166
Merit: 100
August 14, 2014, 12:14:35 AM
#53
Alt coin may ended for real. People who hold them will remember this week for a long time.
legendary
Activity: 1526
Merit: 1000
the grandpa of cryptos
August 13, 2014, 10:35:33 PM
#52
LTC has to raise others.. may die
full member
Activity: 224
Merit: 100
THE GAME OF CHANCE. CHANGED.
August 13, 2014, 10:33:27 PM
#51
If Ethereum is related with his crash, I'm begining to hate them.

Yes. Are they the root cause? No. One of several causes. CFPB, Ethereum, Altcoin run due to ASICS dumping (the tail is wagging the dog, yes, but only slightly), Russia, ISIS, Lawsky, overleverage, etc. Most of those are minor issues, though. The CFPB dump and the selling (and anticipation to selling by Ethereum) along with leverage burn accounts for about 50% of this... the rest is a total mystery.

It isn't just Ethereum, there are also Stellar and a bunch of other coins that developers raised via IPO need cashing out.
full member
Activity: 238
Merit: 100
August 13, 2014, 05:54:57 PM
#50
If Ethereum is related with his crash, I'm begining to hate them.

Yes. Are they the root cause? No. One of several causes. CFPB, Ethereum, Altcoin run due to ASICS dumping (the tail is wagging the dog, yes, but only slightly), Russia, ISIS, Lawsky, overleverage, etc. Most of those are minor issues, though. The CFPB dump and the selling (and anticipation to selling by Ethereum) along with leverage burn accounts for about 50% of this... the rest is a total mystery.
sr. member
Activity: 644
Merit: 260
August 13, 2014, 03:02:01 PM
#49
Just as I expected. Lets compare coins with their respective aths.
Btc 560 - 1200 dollar
Ppc 0,7 - >10 dollar.    LOOOOL
NMC 1,3 - 16 dollar
Ltc 4 - 47 dollar

We need to realize that the dumpings will continue. BTV will survive but it seems altcoins are losing the battle.
Lol at PPC specifically. It will get to 0,0 soon.

Bitcoin isn't going so bad, only half (a little less) of its all time high and you should consider that probably it will rebound in few weeks.
legendary
Activity: 2590
Merit: 1022
Leading Crypto Sports Betting & Casino Platform
August 13, 2014, 02:09:25 PM
#48
It's number two just because it's an "historical altcoin", one of the first and has a LOT of time at its advantage compared to other alts. But as you can see things are turning around.
 It's just overbought useless crap.
Completely, utterly false statement. MANY alt coins came way before LTC. You just haven't done the research as to WHY it was able to supplant the others, and still has the high marketcap that it has.  There are valid reasons.

But whatever man, I guess we'll see if LTC is still #2 this same time next year.  Let's check back and see.  My bet is yes it will still be #2.

the reason is mostly the litecoin logo, and the name, people tend to underestimate the name , but it's really important
sr. member
Activity: 533
Merit: 251
August 13, 2014, 10:19:26 AM
#47
Yeah......the ultimate fate of the shitcoins was always pretty obvious but the way Litecoin is going is surprising me. It just seemed somehow to be the natural order of things that Litecoin would be #2 to Bitcoin, but it seems that there is only Bitcoin. Litecoin is just another shit-coin with zero practical uptake.

Yeah, it sucks to still be the #2 cryptocurrency.   Roll Eyes

And is everyone forgetting that Bitcoin fell to a $4B marketcap just 3 months ago, as compared to the $7.5B market cap that it has now?  That it has almost doubled in the 3 months since?

It's easy to cry the sky is falling in a downtrend.  So easy.

This is a good point in that market cap should be considered along with other TA.
hero member
Activity: 1666
Merit: 565
August 13, 2014, 09:58:34 AM
#46
The Reptilians have decreed that only Bitcoin, Jackpotcoin, and Infinitecoin will survive the coming purge.

uhm...nobody have made reptilians coin yet? Cheesy
hero member
Activity: 622
Merit: 500
August 13, 2014, 09:23:23 AM
#45
Of course this isn't the end, there have been many more serious crashes over the past few years.  The real question is what Bitcoin gets the regular Joe beyond a simple credit card, Google Wallet, Paypal, etc.  Bitcoin is definitely Libertarian geek orgasm territory, and that's great, but it will take much more than that to be anything but a curiosity.  Most people like the comfort of knowing that, within reason, if they are the victim of fraudulent credit card transactions or banking withdrawals, they will be fully reimbursed.  With Bitcoin, at this point, you'd better have damn good personal security protocols in place or else you'll be flat broke.  The primary thing Bitcoin has going for it is that its future is only limited by the creativity of developers (and unfortunately, the whims of regulators).  If developers can turn Bitcoin (or whatever crypto reins supreme) into something everyone must have, speculators will be handsomely rewarded.  Me, I'm skeptical.  If it's something the powers that be cannot control, the technology will be marginalized and made irrelevant.  In the meantime, it will remain a great way to pile up USD/gold/real estate/whatever as newbies enter the market.

Bitcoin is first and foremost an efficient and secure store of value and means to easily transfer that value.  Everything else you mentioned is just trivial bells and whistles at best.

Incorrect!  Bitcoin is a securely shared ledger.  That's it.  You place value on those ledger entries.

Yeah, I'd say it's very premature to call bitcoin a "secure store of value".... but certainly the protocol could be very valuable -- the question is, for the bitcoin network? Or for some other use? Time will tell. Cheesy

The problem is once (if) it is safe to call bitcoin a secure store of value, then the easy money will have been made. 
sr. member
Activity: 406
Merit: 250
August 13, 2014, 08:22:45 AM
#44
If Ethereum is related with his crash, I'm begining to hate them.
newbie
Activity: 42
Merit: 0
August 13, 2014, 08:12:40 AM
#43
I hope that the value won't rally soon, I have to accumulate some before Smiley
legendary
Activity: 1022
Merit: 1005
August 13, 2014, 08:03:10 AM
#42
I feel that there is a big whale, or group of whales somewhere pulling the price of BTC down. It really is not very difficult to do, have done my share of pumps and dumps on smaller exchanges with low value coins. If i can do it, so can anybody else.

I am expecting that BTC would go back up in the next 24-48 hours once the whale/s are done with their games and achieve their target price to buy BTC. Only time will tell, fingers crossed! Wink
hero member
Activity: 504
Merit: 500
Moderator
August 13, 2014, 08:00:26 AM
#41
On every drop the same threads. Trolls.

UnDerDog81, plz stop trolling, thx.
legendary
Activity: 2179
Merit: 1201
August 13, 2014, 07:57:58 AM
#40
On every drop the same threads. Trolls.
full member
Activity: 218
Merit: 100
Firstbits: 19e3fc
August 13, 2014, 07:55:31 AM
#39
The end is nigh.
legendary
Activity: 2730
Merit: 1288
August 13, 2014, 06:07:27 AM
#38
Just as I expected. Lets compare coins with their respective aths.
Btc 560 - 1200 dollar
Ppc 0,7 - >10 dollar.    LOOOOL
NMC 1,3 - 16 dollar
Ltc 4 - 47 dollar

We need to realize that the dumpings will continue. BTV will survive but it seems altcoins are losing the battle.
Lol at PPC specifically. It will get to 0,0 soon.

Yeah......the ultimate fate of the shitcoins was always pretty obvious but the way Litecoin is going is surprising me. It just seemed somehow to be the natural order of things that Litecoin would be #2 to Bitcoin, but it seems that there is only Bitcoin. Litecoin is just another shit-coin with zero practical uptake.


I don`t think so, i still think it will be number 2 don`t understand why it is going so down
It is nr.2, but will not stay there for long
full member
Activity: 166
Merit: 100
August 13, 2014, 05:09:52 AM
#37
The end is already here for those who own alt coin.
legendary
Activity: 1176
Merit: 1010
Borsche
August 13, 2014, 04:40:06 AM
#36
Just as I expected. Lets compare coins with their respective aths.
Btc 560 - 1200 dollar
Ppc 0,7 - >10 dollar.    LOOOOL
NMC 1,3 - 16 dollar
Ltc 4 - 47 dollar

We need to realize that the dumpings will continue. BTV will survive but it seems altcoins are losing the battle.
Lol at PPC specifically. It will get to 0,0 soon.

Yeah......the ultimate fate of the shitcoins was always pretty obvious but the way Litecoin is going is surprising me. It just seemed somehow to be the natural order of things that Litecoin would be #2 to Bitcoin, but it seems that there is only Bitcoin. Litecoin is just another shit-coin with zero practical uptake.


I don`t think so, i still think it will be number 2 don`t understand why it is going so down

Yeah, number 2 it is exactly. Number 2 has to go down Smiley
sr. member
Activity: 312
Merit: 250
August 13, 2014, 01:51:22 AM
#35
Of course this isn't the end, there have been many more serious crashes over the past few years.  The real question is what Bitcoin gets the regular Joe beyond a simple credit card, Google Wallet, Paypal, etc.  Bitcoin is definitely Libertarian geek orgasm territory, and that's great, but it will take much more than that to be anything but a curiosity.  Most people like the comfort of knowing that, within reason, if they are the victim of fraudulent credit card transactions or banking withdrawals, they will be fully reimbursed.  With Bitcoin, at this point, you'd better have damn good personal security protocols in place or else you'll be flat broke.  The primary thing Bitcoin has going for it is that its future is only limited by the creativity of developers (and unfortunately, the whims of regulators).  If developers can turn Bitcoin (or whatever crypto reins supreme) into something everyone must have, speculators will be handsomely rewarded.  Me, I'm skeptical.  If it's something the powers that be cannot control, the technology will be marginalized and made irrelevant.  In the meantime, it will remain a great way to pile up USD/gold/real estate/whatever as newbies enter the market.

Bitcoin is first and foremost an efficient and secure store of value and means to easily transfer that value.  Everything else you mentioned is just trivial bells and whistles at best.

Incorrect!  Bitcoin is a securely shared ledger.  That's it.  You place value on those ledger entries.

Yeah, I'd say it's very premature to call bitcoin a "secure store of value".... but certainly the protocol could be very valuable -- the question is, for the bitcoin network? Or for some other use? Time will tell. Cheesy
sr. member
Activity: 280
Merit: 250
August 13, 2014, 01:44:49 AM
#34
Of course this isn't the end, there have been many more serious crashes over the past few years.  The real question is what Bitcoin gets the regular Joe beyond a simple credit card, Google Wallet, Paypal, etc.  Bitcoin is definitely Libertarian geek orgasm territory, and that's great, but it will take much more than that to be anything but a curiosity.  Most people like the comfort of knowing that, within reason, if they are the victim of fraudulent credit card transactions or banking withdrawals, they will be fully reimbursed.  With Bitcoin, at this point, you'd better have damn good personal security protocols in place or else you'll be flat broke.  The primary thing Bitcoin has going for it is that its future is only limited by the creativity of developers (and unfortunately, the whims of regulators).  If developers can turn Bitcoin (or whatever crypto reins supreme) into something everyone must have, speculators will be handsomely rewarded.  Me, I'm skeptical.  If it's something the powers that be cannot control, the technology will be marginalized and made irrelevant.  In the meantime, it will remain a great way to pile up USD/gold/real estate/whatever as newbies enter the market.

Bitcoin is first and foremost an efficient and secure store of value and means to easily transfer that value.  Everything else you mentioned is just trivial bells and whistles at best.

Incorrect!  Bitcoin is a securely shared ledger.  That's it.  You place value on those ledger entries.
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