Why Good Altcoins Fail - page 5. | Bitcointalksearch.org

paramind22

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Quote from: spartak_t on November 17, 2016, 01:54:52 PM

Quote from: paramind22 on November 17, 2016, 11:53:13 AM

I think Earthcoin looks good.

You're kidding, right? EAC was a pump & dump scheme from the start and its currently not being dumped, because majority of the coin is controlled by the Chinese. Let (for example) Poloniex list it and see what happens. Its market cap will drop from $1,24Mn to 0 faster than a bullet shot against a wall. Charts are not lying:

I am not kidding and don't want to be accused of giving credence to a pump and dump. Just raising the question. It's one coin you can mine on all the existing low end ASICs and make something that looks like a profit if the coin goes up a little in value. Did the Chinese also create all these merchant websites? Surely, someone was sincerely interested in this coin at one point http://getearthcoin.com/business-and-trade
When I see that, I really worry about the people at the top who are in control of the website, etc. It's harder to do things in the world than people generally know. I would more likely give someone the credit of simply caving from pressure than actually being a scammer, when the
background of the coin looks this good.

spartak_t

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Quote from: paramind22 on November 17, 2016, 11:53:13 AM

I think Earthcoin looks good.

You're kidding, right? EAC was a pump & dump scheme from the start and its currently not being dumped, because majority of the coin is controlled by the Chinese. Let (for example) Poloniex list it and see what happens. Its market cap will drop from $1,24Mn to 0 faster than a bullet shot against a wall. Charts are not lying:

paramind22

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Quote from: crairezx20 on November 17, 2016, 01:37:30 PM

Quote from: Ayers on November 17, 2016, 12:31:52 PM

because they have all tiny marketcap and too much premine, every coin with too much premine or high number of coin in the end of the few will fail nowadays, so do not compare it with bitcoin, it's not the same

Yeah i agree with this and i think also for low support and low marketing or promotion that is why they are always fail to get more investors in their project.. right now if they are get it viral it they can push good like ethereum before because of marketing strategy and promises they are attracting people and investors to invest in their project.. before i heard ethereum in many forums and advertisement. so i think marketing is one of their needs because in some people or crypto holders are in other forum not only here in our forum..

Not sure the answer is in more investors as sweat equity is provided by miners and people who believe in the ideas behind the coin, like Earth coin might have had. Sweat equity can do the programming, websites, and so on. This is going on right now with Pascalcoin. I don't know what the history is with the ICO and investment history of Earthcoin.

crairezx20

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Quote from: Ayers on November 17, 2016, 12:31:52 PM

because they have all tiny marketcap and too much premine, every coin with too much premine or high number of coin in the end of the few will fail nowadays, so do not compare it with bitcoin, it's not the same

Yeah i agree with this and i think also for low support and low marketing or promotion that is why they are always fail to get more investors in their project.. right now if they are get it viral it they can push good like ethereum before because of marketing strategy and promises they are attracting people and investors to invest in their project.. before i heard ethereum in many forums and advertisement. so i think marketing is one of their needs because in some people or crypto holders are in other forum not only here in our forum..

muhcoins

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

easier money.
a few months of work+premine/instamine = dump and move to another project.

it's sad tho, i've seen good projects dying for no reason(beside the one above).

paramind22

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Thanks for the interesting responses. To clarify, I know there are a lot of bad altcoins. I was asking why good (as far as we can tell) altcoins fail, and I think there are a few examples of that. However, since there are not "boards" like in a corporation set up or even a consensual rule that altcoins should have a board addressable by the public, it's hard to know who these people are what their motives are. It would be good to know the "good" coins that have devs that are able to communicate on a weekly or even daily basis like most normal folks can.

Ayers

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because they have all tiny marketcap and too much premine, every coin with too much premine or high number of coin in the end of the few will fail nowadays, so do not compare it with bitcoin, it's not the same

s1ng

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As far as my trading experience , altcoin are more risky rather than bitcoin that's why I'm invest on bitcoin especially bitcoin value got increase recently ( meanwhile altcoin got decrease )

* Just loss - BTC 0.05 on Doge recently Sad

Leonard2016

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

a coin that failed was obviously not a good coin becasue a good coin means it should withstand all the things that you throw at it.

look at bitcoin for example. with all the things thrown at it with all the attacks, all the FUD and lies it has been standing strong because it is a good coin to begin with.

paramind22

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Quote from: NUFCrichard on November 17, 2016, 10:09:51 AM

Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Do you have any examples in mind?

I would guess that most are unique when released, then slowly become overwhelmed by clones and then newer faster, better alts. Alts are basically a big pump and dump scheme anyway. That isn't to say that some of them aren't good projects, but one people are done pumping them and dumping them for profit, the interest in them slowly fades away.

I think Earthcoin looks good. They set up a huge network at one time, as can be seen in the merchants section of their website.
You can still mine it and there is a decent marketcap still for it.

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

A coin can be take over because crypto currency is open source and any one or any group can run it but what causes it to collapse is due to the dev's failure to transfer ownership and allow holders to take part in the development ,once the dev goes out no body will take over.

mace15

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Quote from: xvacator on November 17, 2016, 08:13:15 AM

Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

i think its because the price of bitcoin that going to go high and altcoin can not get rise and its normal. after the price of bitcoin stable, then its altcoin turn to raise the price following the price of bitcoin so lets we wait for a moment.

I agree with you, some good altcoins fail to pump right aways for
the possible reasons that they are still developing their system.
Or the possible reasons that it keeps not to high because of the
volatility price of bitcoin. When the bitcoin price seems high the altcoins
been goes down. So, no worries just hold the coins as long you bought
it at wiser price.

NUFCrichard

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

Do you have any examples in mind?

I would guess that most are unique when released, then slowly become overwhelmed by clones and then newer faster, better alts. Alts are basically a big pump and dump scheme anyway. That isn't to say that some of them aren't good projects, but one people are done pumping them and dumping them for profit, the interest in them slowly fades away.

xvacator

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

i think its because the price of bitcoin that going to go high and altcoin can not get rise and its normal. after the price of bitcoin stable, then its altcoin turn to raise the price following the price of bitcoin so lets we wait for a moment.

Dassi

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But then it is difficult for folks who know nothing about programming and the likes to identify a good coin from a bad one just by reading the white paper, because the paper contains lots of technical terms that are hard to understand. Undecided

Red-Apple

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Quote from: paramind22 on November 17, 2016, 07:27:11 AM

Why do you think good altcoins fail to keep going?

because they weren't good to begin with and they only showed themselves to be good. but in fact it was the front they put up to fool the public.

Quote

It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

what do you call supporting?
thousands of "accounts" on social media like accounts on bitcointalk and reddit saying ...Coin is to the moon is not supporting.
it is called shills and hyping what you are bag-holding to be able to pump and get rid of your bags.

besides if the project was good in the first place it doesn't need a team! everything is open-source. you think if all top 10 bitcoin developers die today we are going to give up bitcoin? no 100 others will replace them and start contributing in their place, the source is visible to all of us after all.

paramind22

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Why do you think good altcoins fail to keep going? It seems there are some that are good and people collectively have put in tens of thousands of hours supporting, but the team decides to give up midway.

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