Topic: Why all the coins are getting cheaper? (Read 2761 times)

That is because more and more coins, coins once more up not worthless.

forget all of those scamcoins. Darkcoin is the only one to buy. See u in the millionaire club!

Moon has become too crowded now, there is not enough space for all and newcomers are kicking the old ones out.
To change the situation either a number of altcoins should significantly decrease or coin marked capacity should significantly increase.

And why in every thread like this I see people promoting their favorite coins? How does this answer the question asked?

Since everybody goes of topic and tries to advertise the NXT or DGC or anything i
would like to tell  you that only one is the King after the BTC and it is called Betacoin.
You can make your research.

Buy now or get run over by the train!

+2
NXT is the only non-clone altcoin out there. (That I'm aware of). There are a few coins that could succeed NXT is one of them.

Because they're all directly tied to the price of Bitcoin (BTC)

To make a long story short, just load up on Goldcoin (GLD) and everything will be fine. 

I wouldn't rule out DGC being started by a hobbyist, if Baritus started DGC with the intent to scam people out of money it would have been premined or heavily instamined. From my interactions with him he seems genuinely thrilled with the concept of cryptocurrencies. I agree with what you're saying about the state of altcoins but these personal attacks are not really warranted. To be preemptive, if you're referring to the 560k 'theft' it is a moot point; with DGC's price history there would have been plenty of better opportunities to dump that much coin. Also the lowered block reward was done at the behest of the community, he had actually asked us earlier and everyone said no (fear of backlash like this), but as time passed and DGC kept getting dumped everyone involved changed their minds.

Right now I'm mostly sitting in PPC but I have a fond space for DGC, it is still one of the more honest attempts at crypto. But in the end I have to agree, this whole altcoin scene is getting ridiculous. The only real 'benefit' I can see from it all is that it helps spread BTC around to people who weren't lucky to get in early.

It is depressing that such revolutionary technology is being retarded with what is basically just plain greed. I'm learning a lot watching cryptocurrencies.

If the developer was serious about securing their blockchain they could at least have made it merged mined alongside bitcoin.

There would still be the problem of how to convince miners and pools to add it to their merge, but at least you would not be making the chain insanely expensive to secure not asking miners to abandon all their existing interests in cryptocurrency in order to undermine all their existing interests in cryptocurrency for the purpose of, what, exactly? What business plans that could work using digitalcoin could not work using bitcoin? Surely any business that could run a digitalcoin daemon on its back end could just as easily use a bitcoin daemon instead?

So why not make one's business plans able to use existing currencies instead of undermining the whole concept of cryptocurrencies by not only spanwning yet another coin but also ensuring that securing it would require undermining the security of other existing coins?

It seems hypocritical to complain about being undermined when your entire strategy is itself to undermine...

Basically the moron made the stupid idiot newbie mistake of using an untenable system from the start. The whole concept is broken from inception.

The very first consideration needs to be "how can I ensure my blockchain has more than half of the hashing power this planet is capable of generating".

Using scrypt is not the way to do that.

Proof of work is insanely insanely expensive.

It is insane that the world is blowing as much power as it is already just to secure the SHA256 merged mined family of chains, it is even more insane to propose starting a whole 'nother such expenditure, but that too was already done by tenebrix then fairbrix then litecoin and now, even despite those idiocies, also by digitalcoin.

Total moronic idiocy.

Or, much more believable: deliberate scam with malice aforethought.

(The forethought was long done by the time whatever moronic scammer came up with digitalcoin to make it dubious to claim they did not have the benefit of that forethought.)

-MarkM-

Cool down bro, markm is right. With any of these coins anyone could buy a bunch of gridseed scrypt miners and overpower the network, even DGC. Though I wouldn't call it a bullshit scam, it's simply the reality altcoins trying to break into public focus have to face. We need more hashpower, as a system of monetary transfer what we have now is too risky for serious investment, this applies to all altcoins. I take his personal attack at DGC a nod of interest I just want a reliable coin I can use as an alternative to fiat ffs, five years after bitcoin you think that would've happened already but the competition here is rancid. too much <3 $, not enough <3 BTC

The dev behind DGC does have solid business plans, but he's only one man (and a small team he got together i've heard), do people seriously expect some superhero to swoop into their lives and alleviate all their financial problems? BTC was a glorious financial fluke, I think we're seeing the more immature but lucky early adopters realize this, things have been getting more bitter around here recently. It's my money and I want it NOW!

Get a clue goose. While the hashrate could be alot better, since when has DGC been forked UNLIKE a number of other coins due to not being "Secure". Shows how much you know about it.

Care to explain your scam reasons? Do you even know the definition of the word? I suspect if you did you wouldn't be calling DGC a scam. Moron.

DGC has been around since last May and has arguably the most services in dev out of any alts. Its just had a revamped website go live and has an upcoming core 2 update including new custom algorithm amongst many other projects. Its idiots like you that give Cryptocurrency a bad name spouting FUD and not backing up any of your claims with solid evidence.

it is  winter of coins now. looking forward to the spring come.

I cant understand it. Maybe too many scamcoins flooding the market

Well I'm a stakeholder in NEM so we'll see .  But right now I just have more faith in Nxt because the development is so strong and it's got a big head start as far as marketing and gateways and such.

Because some people are not letting the Bitcoin to just die.

Long LIVE BETACOIN!

As bitcoin value decreases so does altcoin value, because the entire market rests on bitcoin being universally accepted. A large amount of coins still have not created services to break away from Bitcoin if they did and break away their value would hold. If any coin developers need help with service creation please contact us and we would be glad to help with service creation.


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Raxe.

Well inflation due to increased supply of coins, yes.

+1

But if you keep speaking common sense you wont be popular on here.

Plus the 'unfair' mantra about IPO coins is ridiculous when you consider the whole point is for a coin to reach a mass market at some point in the future. So how fair is it that only people on this forum and in the Bitcoin community generally have all the future global wealth before everyone else???

I would argue that a NXT clone could take over NXT, I don't agree it should, but it might. NEM born out of the bitterness you spoke of could be the one.

less bang for your coin tis called inflation 

I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer.  Development is continually happening, and the community has been strong since day one.  It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org).  Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has.  I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones).  So yeah, I'll be perfectly happy to see all these shitcoin clones die off.  Hopefully only a handful of unique coins will survive.  Nxt will be one of them.

There are some dumb answers on this thread. The price is coming down due mainly to dilution of total market cap due to the growing number of alt coins. The total market cap has decreased a little but not that much so the same amount of wealth has just been spread around a growing number of coins.

I think crypto involvement has not really grown in the last 6 months as much as the media presence would suggests. I hope there is another step to come in total market cap and people invested in coins but I think it might take a currency collapse in fiat to really push that forward meaningfully.