why are profits dropping so fast? - page 2.

eddilicious

full member

Activity: 196

Merit: 100

Quote from: niothor on March 01, 2014, 01:19:17 PM

Quote from: ?? on ??

ALL CRYPTO COINS ARE DEAD

TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.

~BCX~

***True statements are always in caps, red and 16+ bold font.

Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.

I am thinking bitcoin is the biggest problem. when btc drops 10%, all other crypto drops 20% or 70%. and when we look coinwarz, the whole gang of SHA-256 coins are forever at the bottom of the profitability chart(I use 10GHz for SHA256 and 500k for Scrypt). ASIC takes over is not a good thing for SHA-256 in a whole. it is just a matter of time for it to finally kill bitcoin.

raizor

full member

Activity: 171

Merit: 100

Some people just want to watch the world dance.

Quote from: kalus on March 02, 2014, 02:21:17 AM

Quote from: bigblind on March 01, 2014, 05:58:17 AM

I'm running currently 7200kh/s and i dont see reaching the ROI as expected within 2 months..

well THERE's your problem....

Hahaha. Indeed. A little patience is a good thing.

XbladeX

legendary

Activity: 1302

Merit: 1002

Quote from: brokedummy on March 01, 2014, 07:09:22 AM

More and more Scrypt asics raping the market each day with auto-exchanging profit-switching pools.

Look at greed seed and USB script/sha256 miners.

Nullu

hero member

Activity: 532

Merit: 500

In every crisis there is an opportunity to profit. Someone else's loss is your gain. If I had the fiat currency to afford it, I would be buying up bitcoin right now and stuffing my boots with the most promising altcoins on the market, and then wait for Bitcoin's price to inevitably rise, along with my altcoin portfolio.

As it stands, you're not really going to profit from this current lull unless you put fiat into BTC, or already had a good amount of BTC before the price crash, as everything in cryptocurrency more or less falls along with BTC. There are a few exceptions where some altcoins have remained relatively price stable (PMC for example, but I am sure there are others), so I would feel safer investing in those stable altcoins right now, as I expect them to go up once market confidence in BTC comes back.

I'm almost certain it will come back. In the absolute worst case situation, if BTC were to fall off the face of the earth, another coin will take its place. Crypto is here to stay.

Amph

legendary

Activity: 3248

Merit: 1070

you can still reach roi pretty fast, just be there when a new coin is launched, that's all you need

bigblind

sr. member

Activity: 378

Merit: 252

Quote from: mazuma on March 01, 2014, 09:33:28 PM

i agree 100% with kelsey. I think in time (soon hopefully), what you said will become reality. How much longer can this shit go on, i for one am all for it, since i mine to support crypto, something on the side, sometimes i make returns, sometimes i dont. Most of these fucking newbz go on reddit and are promised make money while you sleep schemes making rigs and when shit turns sour, morons like OP post this shit up. Its like pump and dumps go hand in hand with these posts.

Edit : as a trader aswell, im buying a few different coins at this point because i think in time shits going to pick up again. Only the strong will survive

wow dude, can't you argument on an objective way? I'm just trying to learn a little more about crypto. stop being such a moron.

I'm also seeing the altcoinmarket critical how it has been emerging the last weeks. I just want to know which factors might play a role for a price of altcoins compared to bitcoins (because they don't seem to have any viable role for future, except maybe new algorythms like VTC and so on)

Reaching ROI shouldnt be the bigger problem (as I don't calculate with ROI mainly at all) - and after all I'm also doing it to be part of that community and because I want to see where it will be lead to in the next months/years worldwide and political wise.

kalus

sr. member

Activity: 420

Merit: 263

let's make a deal.

Quote from: bigblind on March 01, 2014, 05:58:17 AM

I'm running currently 7200kh/s and i dont see reaching the ROI as expected within 2 months..

well THERE's your problem....

DubFX

sr. member

Activity: 434

Merit: 250

Quote from: ?? on ??

ALL CRYPTO COINS ARE DEAD

TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.

~BCX~

***True statements are always in caps, red and 16+ bold font.

This statement seems as legit as it could be...the bigger font=the legitter.

mazuma

sr. member

Activity: 311

Merit: 250

i agree 100% with kelsey. I think in time (soon hopefully), what you said will become reality. How much longer can this shit go on, i for one am all for it, since i mine to support crypto, something on the side, sometimes i make returns, sometimes i dont. Most of these fucking newbz go on reddit and are promised make money while you sleep schemes making rigs and when shit turns sour, morons like OP post this shit up. Its like pump and dumps go hand in hand with these posts.

Edit : as a trader aswell, im buying a few different coins at this point because i think in time shits going to pick up again. Only the strong will survive

kelsey

legendary

Activity: 1876

Merit: 1000

As a trader I am happy, half the equation is buy low Wink

Though on the negative side I think the market is over saturated with 100s of coins all filling the same niche. Too many coins, too many premine pump n dump scams run in a row.

If people stop buying the pump n dump scamcoins for quick profits and went after more established coins the overall market conditions would be better.

Last time we had this point a few articles in the press boosted the market, but again we've hit saturation point where not enough new monies coming in....what will turn it around this time?

claycoins

hero member

Activity: 518

Merit: 500

Yeah because its all based on Bitcoin - the site ranks profitability based on mining a bitcoin directly and bitcoin's hash rate/difficulty is also increasing.

fcmatt

legendary

Activity: 2072

Merit: 1001

Because people are not buying these altcoins and driving up the price. Most people are selling. It is a lopsided market right now and in a short time we might be par with ltc soon.

mazuma

sr. member

Activity: 311

Merit: 250

good. I hope people like bigblind drop out. Fucking idiots with their short sighted get rich quick dreams. Oh my 7000 hash is not doing it up anymore. Fuck off dude

Oldminer

legendary

Activity: 1022

Merit: 1001

haha

hvezdasmrti

sr. member

Activity: 797

Merit: 251

The more deaths, the more adidas.

niothor

hero member

Activity: 826

Merit: 501

in defi we trust

Quote from: ?? on ??

ALL CRYPTO COINS ARE DEAD

TIME TO CUT LOSSES AND SELL ALL YOUR GPU'S NOW ON EBAY.

~BCX~

***True statements are always in caps, red and 16+ bold font.

Really , all of them? Including BTC ?
Cause off all cryptos , bitcoin is the only one that has already died four or five times.

BitCoinPokerBro

hero member

Activity: 826

Merit: 1000

multipools mining 100's of BTC a day from the most profitable coins

hvezdasmrti

sr. member

Activity: 797

Merit: 251

Yup the profitability is still too good if we imagine how many crapcoins are at the market. Its only more and more difficult to sell high because pumps are too fast and dumps following instantly back to the absolute bottom very quickly. People just learned altcoins to use as a regular loterry. You bet and wait for win or lose. Good players bet on coins which are cheap, sheeps buy coins which are being pumped.

The same happens with miners.

Noobs mine LTC, doge.

Another noobs mine per multipools.

Better miners know how to jump the queue.

tifozi

hero member

Activity: 742

Merit: 501

Yah they are shitcoins and the same 5-6 "developers" are happy to collude with the pool ops and newish exchanges to dump the scam on newbies who have come to the scene through the dogecoin propaganda. "Altcoins" (LOL if you want to call that) are not dying, they are thriving. In fact we might be approaching release of 3-4 shitcoins/day very soon where dumb newbies will keep giving their BTCs away for the daily scam.

gadado

hero member

Activity: 965

Merit: 515

I still wonder who buys all this coins anyway. Makes no sense for me. They are not in anyway really useable. (with very few exceptions)

Topic: why are profits dropping so fast? - page 2. (Read 3988 times)