Topic: The End of Alt Coins - page 2. (Read 3421 times)

Why don't you just shut your pie hole instead of trying to manipulate as many people as you can into selling? Your pathetic post is so immature and pointless, I can't believe shit like this is even allowed to stay on this forum.

"Public service announcement?" LOL. You don't even know the meaning of that phrase. Get the fuck outta here.

Well, from my point of view, the fact that altcoins crash is due to the rise of bitcoin, that's easy to get.
Thus investing with bitcoins into altcoins in later steps of the development of these (I mean when they are overvalued) can only bring to a loss in the actual context.

I think their is a demand for altcoins, and few of them will succeed, but for this there should be an easy and simple way to trade USD to altcoins.

When bitcoin rises, it's normal for altcoins to crash, the opposite would be weird. It's just fundamentals. Being tied to the btc value is a real problem.

I guess altcoins will take a huge step forward when they will be traded for USD/EUR/YEN... Imagine if you could buy a bunch of coins for 1$, without spending your beloved BTC.

I think cryptsy was planning on this, but it's too early to tell, in the future i really see a marketplace where you can get alts for cents/dollars. Like their was for bitcoin at the begining.
And i would be the first one on it.

@David Rabahy: Some innovations from altcoins surely can be adopted by Bitcoin. But a feature like Proof-of-Stake that touches the basic functionality of BTC would be very difficult to adopt. It's not impossible, but the dev team would have a hard time to communicate such a change to the stakeholders.

One of the reasons why it would be so hard is that Proof-of-Stake is not possible with a fixed limit for the amount of coins like the 21 million limit of BTC. A PoS coin would increase its supply infinitely. One can achieve some stability in coin supply by destroying transaction fees (like PPC) but a "hard limit" is not possible.

Hmm, it's my understanding that Bitcoin can modified/enhanced to adopt innovations, no?

Anoncoin does great! 

This is the most incorrect statement ever.

For example: PPC is more energy efficient, secure against 51% attack, and enforce transaction fees at protocol level to defend against block bloating attacks.  Bitcoin's network is actually a huge waste of energy, and will become less and less attractive as time goes on, less secure as time goes on, and eventually get block bloated. Peercoin has "Significant" innovation above and beyond bitcoin.

If it were that easy we would all be millionaires.

I predict the complete end of all alt-coins to happen in 4-6 weeks

Oh look, another "ERMAHGERD ELTKERN ERMAHGEDDERN" thread. Not like we've had dozens in the past.


If you really believe the well-established alts are dying, feel free to keep selling me your coins. I'll be laughing all the way to the bank in a few months

>60% decline is "somewhat constant"

http://www.ltc-charts.com/period-charts.php?period=6-months&resolution=day&pair=ltc-usd&market=btc-e

Even coins in downtrend must have an owner. What if there where no people in denial, would it drop instantly
to the bottom, i.e. the price level from where it could recover?

Or more likely, they will create their own coin, premine all of the coins, and regulate those.

Sad seeing them dropping like this. Soon I have to shut down my GPU farms...

The coins are crashing because people are taking profit, some of these holders will be like me and will have bought just as the coins came onto the exchange when they were barely worth anything so if they bought a substantial amount they'll be cashing out now in BTC. If you remember Bitcoin went through huge swings like this as well, we don't have central banks, so you won't have them pumping money into these currencies in order to keep them at a stable price, I hardly have any myself so I'm going to be holding long term and biding my time.

What I will say though is that the coins that will succeed will most likely be the ones that have proper dev support behind them who understand the source code and update the client regularly and try to move forward. Copy and paste jobs that only have marketing teams behind them won't last. People ranted about how Bitcoins were worthless etc. but then they're now worth more than $100 per coin! I'm not saying that altcoins will reach that level but our financial systems are so bad they may well be worth more than paper money easily and that's enough for me.

I know there are people who hate on Litecoin a lot but I'm amazed that the thing is worth $1.8 or so by itself and can be trading directly for USD now, it will be interesting to see what all happens to all these coins.

It is very dangerous, but its a high risk high reward scenario.

There's a name for that, it's called "catching a falling knife", it's a very dangerous thing to do.

Its the bottom of the crash mentality now. If you can take the risk and buy altcoins now you can reap huge rewards on the rebound.

When government attempts to regulate bitcoin, that will be the time to buy.  The attempt will do exactly the opposite of what they want.

When .gov bans or over regulates something, its value skyrockets on the open Free market.  Look at Alcohol during prohibition in the USA.  Drugs right now.  That is the beauty of TRUE Freedom - it cannot be quashed permanently.

Bitcoin value is rising and alt currency value is decreasing, maybe the price would increase again.

Many altcoins have held firm over the last couple of days. Some have risen against btc in real terms too.

People are cashing in on a bull run for bitcoin and cashing out their alts, it was a good move but soon that will swing the other way imho. A few of the least popular alts have crashed in a huge way because you would dump them first from your portfolio, and LTC suffered badly because most people hold their alt worth in LTC so that was going to take a beating as people moved into the bitcoin up swing.

I'm looking hopefully for a big upswing for the alts as the bitcoin bull slows and comes to it's next wave down.