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Topic: Why all the coins are getting cheaper? - page 2. (Read 2761 times)

hero member
Activity: 560
Merit: 500
March 29, 2014, 06:36:40 AM
#36
the alt-coin bubble is popping ...

It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed

It's happened in every new sector of economy and it will happen with cryptos.
full member
Activity: 210
Merit: 100
March 29, 2014, 06:29:09 AM
#35
anyway, you might want to give ripple a look.  ripple has solved a lot of the issues raised with bitcoin.

I already did long time ago. And I saw no hope.
legendary
Activity: 2940
Merit: 1090
March 29, 2014, 06:00:36 AM
#34
Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalksearch.org/topic/historic-cryptogenic-bullion-thread-closed-245086


And DigitalCoin too.

No, not digitalcoin.

The scammers behind digitalcoin do not even bother to secure their blockchain. Look at its hashing power, it is utterly pathetic. It is simply a bullshit scam trying to scam idiots into putting money into a wet paper bag to be stolen.

-MarkM-
sr. member
Activity: 473
Merit: 250
March 29, 2014, 03:00:18 AM
#33
Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalksearch.org/topic/historic-cryptogenic-bullion-thread-closed-245086


And DigitalCoin too.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
March 29, 2014, 02:51:31 AM
#32
the alt-coin bubble is popping ...

It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed
member
Activity: 83
Merit: 10
March 29, 2014, 02:10:14 AM
#31
I think it is because Bitcoin is growing and if in the past it was more fun and less serious for now the situation has changed and people are willing to play serious game with serious toys - Bitcoin!
full member
Activity: 182
Merit: 100
Ask me about Karmacoin
March 29, 2014, 01:51:06 AM
#30
there gotta be some blame on "exchanges" getting hacked too. and the stupid IPOs.
member
Activity: 98
Merit: 10
To The Moon!
March 29, 2014, 01:38:23 AM
#29
Because bitcoin is falling.
newbie
Activity: 28
Merit: 0
March 29, 2014, 01:28:05 AM
#28
They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over
You're right,People cheated more naturally reluctant to believe it.
sr. member
Activity: 483
Merit: 250
March 29, 2014, 01:22:34 AM
#27
Most coin devs do not have a real plan to make their coins have real practical values.

Without practical use, a digital currency become a toy for exchange/trading only.

One typical example is EarthCoin. Originally, a lot of people believed that EarthCoin would initiate some business collaborations for accepting EarthCoin in purchase.

Now... any business plan comes true?

Yes, it is. But let's hope for a better future. The market is waiting for his genius, which will find its way to the crypto-currency took its rightful place in the business world.
legendary
Activity: 3066
Merit: 1188
March 28, 2014, 02:56:34 PM
#26
As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams

Speak for yourself. I just put money into both of those in the last few days. IMO, NxT is one of the biggest potential growers of all cryptos. It gets more unique with every month as new functionality comes online. If you're worried about distribution then fine, but it's nowhere near a showstopper for me and a lot of the development work is now being funded by big accounts so it has its upsides as well.

As for Aurora, it's at a crossroads. Icelanders are using it, it will see a great deal of network effect over there. There are already bands accepting it for merchandise, 2nd hand goods markets and TV reports about it. Iceland is a small place with capital controls and a very unpopular central bank. Aurora is potentially a match to a tinder pile.

I won't be dismissing those two for sure.
hero member
Activity: 770
Merit: 500
March 28, 2014, 10:20:48 AM
#25
They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over

this.
sr. member
Activity: 308
Merit: 251
Giga
March 28, 2014, 10:02:22 AM
#24
All those coins get raped by a few ASICs, who dump no matter the price.  The issue there is that many coins are overpriced which makes it profitable for the ASICs.

  As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams.


Not sure about nxt as I haven't kept up.

But IPO scams have really hurt the altcoin community, I'm pretty sure 1000BTC+ has been robbed so far from IPOs, I've always warned against them but unfortunately Greed clouded people's judgment.
sr. member
Activity: 308
Merit: 251
Giga
March 28, 2014, 10:00:11 AM
#23
They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over
legendary
Activity: 1960
Merit: 1010
March 28, 2014, 09:14:12 AM
#22
Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalksearch.org/topic/historic-cryptogenic-bullion-thread-closed-245086
member
Activity: 124
Merit: 10
Start your Own Cryptocurrency Exchange
March 28, 2014, 08:23:35 AM
#21
All those coins get raped by a few ASICs, who dump no matter the price.  The issue there is that many coins are overpriced which makes it profitable for the ASICs.

  As for premines like NXT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams.

legendary
Activity: 2165
Merit: 1002
March 28, 2014, 08:18:21 AM
#20
Most of them are only being exchanged for bitcoins and vice versa. The price of bitcoins is dropping. Its a knock on effect.

But altcoin price is quoted in btc, so the btc price reduction in terms of fiat is already factored in. Unless you mean that a reduction in faith in btc leads to an even bigger similar effect in all altcoins.

But really the reason is just that all those silly alts were made tradeable way too soon. Supply has gone massively up. Now people are trying to consolidate to whatever coins still have credibility. Thats why litecoin seems to be holding on to its usual value relative to btc.

Then there is the issue with exchanges lately not being exactly trustworthy, so many people are just "cashing out" in btc and ltc proper wallets to ride the storm out
full member
Activity: 126
Merit: 100
March 28, 2014, 08:11:04 AM
#19
the alt-coin bubble is popping ...

thanks god it is
legendary
Activity: 1418
Merit: 1002
March 28, 2014, 08:10:44 AM
#18
the alt-coin bubble is popping ...
legendary
Activity: 3248
Merit: 1070
March 28, 2014, 08:06:07 AM
#17
because they are dying, now the buyers passed to the other side, and become miners who dump every coin to death

why buy shitclone when you can instamine them and dump asap when they hit an exchange? no brainer..
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