Topic: Valar Morghulis, All ShitCoins must die (Read 1362 times)

LOL such poor comparison.
Like things happen as fast as they did in 1637.

LOL such poor argument - basing your reasoning on price. Let me remind you when tulips were introduced to Holland in 1593, it was next to worthless till the mania jacked up the price to more than 1,000x in 1637 -that's 44 years, dude. How much is a tulip now? How old is Bitcoin now?

wow. that's a big surprise. i wonder if there's one wall street banker on the whole planet who'd ever say otherwise. and they've been saying the same since it was less than a dollar.

A Wallstreet banker told me, all cryptocurrencies are shit ponzi schemes that will soon die, bitcoin the biggest shit of all. 

"Shitcoin"

Is it for Toilet? Toilet Tokens. Soon to be worldwide, "Shit whereever you are" just as long you have those shittokens.....ther will probably be a shitcoinlight or something similiar, unheated seats and no paper, just nails .... Shitoshi Toiletmotto

Well Bitcoin is kind of supposed to be immutable to protect its security.  So all development has to be high consensus, which is nearly impossible when the community is large and divided like it is.

So altcoins are what step in to serve different purposes.  Litecoin is one of the best of those because they've shown that they're good at protecting principles of Bitcoin while developing it to something more practical.

Unfortunately, loads of these altcoins are immutable as well.  So the reason that altcoins never get far enough is because every time a new development comes, there has to be a new altcoin, and eventually people give up on these extra features and just fall back to Bitcoin again.

Well, I guess LiteCoin must be a exception to your rule then, because it is pretty close to Bitcoin and actually a damn good Alt coin. If they can

get SegWit activated on LiteCoin, we will have a pretty good substitute for Bitcoin. It will be much faster and it will have some extra coins for

more people to play with.    .... Ripple Nipple Coin is the worst on the list... So yes.... it MUST DIE! 

It's not really anywhere close to death for some of these coins.

It's just a natural drop because of the recent pump in basically all altcoins with Bitcoin FUD.

I really don't think people need to perceive every altcoin doing well as some sort of attack on Bitcoin or simplify it to Bitcoin versus altcoins.  These are altcoins with actual purposes, even if the purposes annoy you, and people should really start looking at it like "Bitcoin + altcoins = good cryptocurrency market".

Well ETC and LTC are good coins but so as other coins. Even if some altcoins are down in value but it doesnt mean that they have become useless. But with the fact that bitcoins price is increasing it is an expected fact that altcoins will go down in value as people will sell their altcoins in exchange for bitcoins. That is normal in trading and that is how market works.

i have explained some of the reasons in the post above yours. please read that. also mentioned monero.

well sometimes it is just opinion and sometimes it is facts. i like to think it is up to any individual to come up with a final conclusion about any of these altcoins.
and yeah it has always been like this, when bitcoin price goes up, majority of altcoins get dumped hard apart from some exceptions. and those exceptions (like litecoin in here) are moving up with bitcoin in about 90% of the rises and they also get dumped in 10% of rises give or take.

define community.
so far this "community" you are talking about consists of experienced traders who are trading these coins to get out money and care about nothing else.
pumpers who scam others into buying what they have bought before to dump on them.
desperate newbies (poor souls) who buy in the hopes of making a tiny bit of money but lose all they have.

every opinion is somehow biased! and it is not at all about me disliking these coins. i love altcoins, they are the source of about 60% of my current bitcoin stash that i am hodling because of all the profit.

i did some explanation in my other comment though
and i am one of those people who thinks no kind of analysis works with altcoins.

I love this GIF. specially the way Monero squints at the end.
also i should say that making profit doesn't make an altcoin good. although Monero is a good coin.

Haha  That's a funny representation of the alt-coin situation. I really like how monero is the last one to get eaten, I think monero has some potential to be a good altcoin I had invested in it and made some profit.

Like it or not, alt coin help the bitcoin to grow bigger and with alt coin we can get profits, the real problem is there are too many alt coins that don't have a good value, that is the coin that need to erase, some of the alt coin got a good potential to become big coin in the future, not all alt coin is weak, and even some of them got the chance to become bitcoin rival

Bitcoin will be still the cryptocurrency number one, without some new well-developed altcoin with a good team standind behind it, BTC will hold its supremacy.

Community over here knows that very well so does market too. That is why all shit coins are going to die:
The market doesnt forgive, and if freshly created new cryptocurrency is shady, or not transparent in working, market will know what and im sure that people are going to stay away from such an alts.

There is some biased on what you are saying as you have dislike only Altcoins in general who are in a downtrend or at least red. Also you have put a linking into an Altcoin without basis on its Fundamental and Technical analysis you just based your pick because you "like" it. I don't think that is a proper way of determining what is good coin and what it a bad coin with what you are saying. Give some more basis on your opinion on why they are called "shit coins" by yourself not only because of your personal opinion.

This is quite biased coz of personal point of view, but I respect that.  Ethereum aside from being centralized is now losing its advantage to Bitcoin.  Smart contract is coming to Bitcoin so this mean, Ethereum will be a total shitcoin.  


Yeah I wonder why it is under the category of cryptocurrency.

man, that's a whole lot of shit on the horizon.

Every shitcoin has it's small community - many shitcoins many communities, 7 billion people create their own shitcoins and every shitcoin will have a community of 1 person, and so on so - the number of shitcoins strive for infinity and their community strive to zero and so respectively it's price.

other coins may be shit, but i wouldn't get very far copying ethereum or monero either. i'm not a big alt fan but they're not going anywhere any time soon.

Side-chains will be the new 'alt coins'.

fuck ripple.  its not a real crypto.

Bitcoin can't be copied. If you copy bitcoin you get shitcoin not bitcoin 

uh, so can bitcoin. the only thing that gives bitcoin value is the agreement of the users. same goes for those coins. they may be smaller but they have committed communities too.

They are shitcoins too. They can be copied. There may be infinite number of them so their price is zilch

ripple really shouldn't be associated with the cryptocurrency space. it may have a role to fill, but it certainly doesn't fulfil the criteria of a crypto worth the name.

Well I can't class all of those as shitcoins, but you're right, most alts do regress to the mean and end up dying over time due to a lack of community involvement. I don't think it's fair to call ETH a shitcoin, nor Monero or Ripple, but I can respect that opinion and see that viewpoint.

It's not surprising at all to see a lot of downtrends though, considering Bitcoin has been very strong over the past few days. I'd be selling my alts for BTC.

I am fully agree with you. They have a good community and follower which nurture and support this coin. This price dumps and corrections are normal in trading. Those shitcoins are in Pump and Dump drama and finally dies with no active devs and no clear roadmap.

this is funny, though some of the coins you listed are pretty good, this meme is really funny. i heart bitcoin too

Oh right, I guess it was just a coincidence that they happened to be the only ones green on that special time frame 

There are shit coins that does not even have any use and every coin is trying to show that they are better than the rest and it will be like that in the future,i was not aware of ethereum foundation's tactic to crash the price of ETC and how did poloniex caught them and what was the end result,since i am not following all these news i am hearing it for the first time.

Well, you can not call a shitcoin because you see a graph showing a decrase in the rate. It happens to bitcoin as well, so are you saying the same about bitcoin? It's true there are a lot of shitcoins but in my opinion monero is not one of them

yes ethereum introduced a very interesting platform and a very interesting concept of smart contracts on a big scale but the biggest problem as i've already stated is being centralized. and that is not a small flaw, that is big!

and the worst part is that it is not even doing the only thing it is supposed to do well enough! i mean you can go check out other similar projects. for example check out Lisk, you can see how big the user experience of the platform is.

and price manipulations are really unacceptable. i mean haven't you seen how much they spend on advertising against bitcoin and spamming all over the forum. i mean i have not yet forgotten all the spams i have been getting in my reddit inbox during the initial massive pump last year, bashing bitcoin and claiming to replace it, blah blah.
and i have not forgotten the 1000BTC-3000BTC buy walls they put up in poloniex to prevent price from crashing.
and i also don't forget the fact that Ethereum foundation was caught red-handed by poloniex depositing millions of ETC from their doubled stash to crush ETC's price during the early days of the split.

I do see your point, but I've always looked at a shitcoin as something which has no real use or means of differing from Bitcoin (or is a clone of another crypto, like all the Scrypt copycat coins).

ETH can be used in situations like app development which you wouldn't really think of a specific use for Bitcoin.  It can be useful in its own way, as can Monero because of its anonymity and use on the dark web.

Even if a coin is centralised or is in some other way a problem, I wouldn't call it a shitcoin.  I'd only go that far if there's no point in the coin existing.

At least we can both agree that DASH is a solid shitcoin.

as i said in the P.S some of them are collateral damage


and i can only agree on Monero not being a shitcoin. but never the other two.
Ripple is just banking system in disguise and ETH is no better, it is a centralized altcoin with the most amount of manipulation that history of cryptocurrencies has ever seen. and we have all seen the bugs and remember the DAO scandal.

i mean this ^^

Ripple is not even a crypto cuurrency let alone shitcoin. It is directly horse shit. Infinite supply, centralized...

Monero is something unique. It is not shitcoin.

ETH is straight shitcoin.

I agree with the rest.

When you say shitcoins does it mean that they are scam coins initially? or they are there for just a pump and dump scheme used by big whales to gain or profit huge amount of money? If so, then I totally agree with you that they should die and let the relevant or usable coins stay instead.  

Looks to me they are just having a major retracement, except Monero.

Monero, Ripple and ETH are not shitcoins.  You're taking most altcoins and shoving a big label on them because the price is dropping so that you can prove your point.  It's great that all the FUD about Bitcoin getting taken over and it being like MySpace is finally going away but there's really no reason to call those coins, especially Monero, shitcoins because they have use cases and purposes which differ from Bitcoin even if they're based on similarities.

as they say in Braavos Valar Morghulis
All ShitCoins must (eventually) die

Valar Dohaeris
All ShitCoins must serve (their purpose...)



p.s. there are some coins in there that are red and in the red box as collateral damage
i hearted LTC because i like the coin, haha.
and i also hearted ETC only because it is the decentralized version of centralized ETH nothing more.