Why I'm not putting even a dime into altcoins.

TPTB_need_war

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Quote from: RoommateAgreement on April 10, 2016, 12:49:57 PM

to be honest i don't see any reason in your post that makes me not want to invest in altcoins.

If you are just in it for gambling, then okay admit you are addicted to a non-productive masturbation activity (which will end up defining your life if you don't get control of your addiction). But if you care about our BTC not being siphoned off collectively to scammers:

Quote from: Thenoticer on April 10, 2016, 11:56:09 AM

This user sums up how I feel perfectly. In fact he explained it better then I ever could . The big bold red letters at the bottom hit the nail on the head.

Quote from: TPTB_need_war on April 10, 2016, 11:41:19 AM

Quote from: TPTB_need_war on April 08, 2016, 11:57:14 PM

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.

Note some speculators buy every ICO (with a good technobabble story) they can knowing that someday the tokens will be pumped. This is not always profitable. I know someone who invested in Skycoin, Iota, etc.. and those bets haven't paid off yet. The developers of Skycoin and Iota have pocketed those funds. Ethereum wasted $18 million and didn't even solve the most basic issues. And you gambling addicts just gave them more $millions to waste.

bigs21024

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please help gofund.me/bigs21024 Family in need

I do it because i love to do it i win sometimes and loose also. I see what you are saying but i love doing this and will keep doing this. Manipulation plays a large part in anything you think its just crypto, Nope its not.

RoommateAgreement

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Bazinga!

to be honest i don't see any reason in your post that makes me not want to invest in altcoins.
if anything your post (the quotes) means you should be more careful and not fall for any FUD you hear on the forum like the countless spams saying eth is replacing bitcoin soon.

TPTB_need_war

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Quote from: galdur on April 10, 2016, 12:42:05 PM

"Adoption-adjusted Market Caps" It´s an eye opener for sure. The question for the future is which of it won´t remain overpriced and largely useless dust.

TPTB_need_war

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Quote from: The Sceptical Chymist on April 10, 2016, 12:24:30 PM

I haven't even heard of blackcoin. Shocked

If you click to the original thread where that table was quoted from, you will see that I was not able to obtain the data for all coins, thus many are missing from the table that would be higher than Blackcoin.

TPTB_need_war

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Quote from: The Sceptical Chymist on April 10, 2016, 12:24:30 PM

How can money be siphoned off? Miner fees?

Are you seriously admitting you are blind?

1. Selling the ICO/pre/instamine to you.

2. Using control of a significant portion of the coin supply (and thus perhaps 90+% of the exchange volume float) to buy coins from themselves, set fake bid/ask walls, and otherwise manipulate you into buying high and selling back to them low. Repeat & rinse.

3. Having some "governance" scheme wherein some staked nodes (e.g. Dash masternodes and Bitshares' DPOS delegates) pay out some of the created-out-of-thin-air coins for each block and pay them to the owners of these staked nodes, which are disproportionately those who control the coin supply from #2. And even paying some of these coins to the lead developers via "voted on projects" (and remembering who controls the staked nodes and thus who controls the votes).

The Sceptical Chymist

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Top Crypto Casino

I haven't even heard of blackcoin. Shocked

How can money be siphoned off? Miner fees?

TPTB_need_war

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Quote from: thms on April 10, 2016, 12:05:31 PM

Are you serious? This just tries to use a mathematical formula to prove an opinion on what are the parameters that should be considered in valuing a coin. Roll Eyes

It is measuring traits of adoption (especially fees) which are much more difficult to fake than market cap, price, and exchange volume.

Market cap is a mathematical formula also, but it uses traits that are easy to fake:

Quote from: TPTB_need_war on April 10, 2016, 11:46:28 AM

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially likely (presumably always) in ICO and insta/premine coins (i.e. scams).

thms

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Are you serious? This just tries to use a mathematical formula to prove an opinion on what are the parameters that should be considered in valuing a coin. Roll Eyes

Thenoticer

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This user sums up how I feel perfectly. In fact he explained it better then I ever could . The big bold red letters at the bottom hit the nail on the head.

Quote from: TPTB_need_war on April 10, 2016, 11:41:19 AM

Investopedia 101

Quote from: galdur on April 10, 2016, 05:56:12 AM

Quote from: b1007 on April 10, 2016, 05:50:50 AM

Seems like Ethereum is on her period

It´s still priced at almost 700 million dollars. That´s some serious money.

Quote from: AtheistAKASaneBrain on April 10, 2016, 11:32:56 AM

ETH still got a very solid marketcap and volume in crypto standards

Market cap is not a measure of anything real such as liquidity because for example if just 1% of the supply of Dash was sold it would cause the price to drop 99% whereas only 20% for Monero.

Market cap is not even a measure of how much has been invested in the coin. For example, I create 1 million tokens, then execute one transaction to buy 1 token from myself for $100. No one invested $100 million. Duh!

Much of the volume can be fake due to insiders buying from themselves to create pump of the price, which is especially true in ICO and insta/premine coins (i.e. scams).

ETH is not even a hundredth of Bitcoin's market adoption:

Quote from: TPTB_need_war on April 08, 2016, 11:57:14 PM

Quote from: TPTB_need_war on April 05, 2016, 02:35:03 PM

Quote from: TPTB_need_war on April 05, 2016, 12:30:52 AM

I thus suggest an idea for a new metric for ranking altcoins.

Sqrt(M x H)

M = Mean transactions fees paid per unit time to decentralized proof-of-work miners
H = hash rate (normalized in electricity cost per hash to SHA256).

Using M = Sent avg. per hour, H = Hashrate (normalized):

Coin \|	Relative Adoption \|	Ratio \|	Adoption-adjusted Market Cap
1.Bitcoin	6.5×10¹²	1	$6.4 billion
2.Namecoin	8.6x10¹⁰	¹/₇₆	$85 million
3.Ethereum	6.6x10¹⁰	¹/₉₉	$65 million
4.Litecoin	1.3x10¹⁰	¹/₅₀₀	$13 million
5.Dash	9.8x10⁹	¹/₆₆₃	$10 million
6.Blackcoin	7.4x10⁸	¹/₈₇₈₄	$0.7 million
7.Dogecoin	6.1x10⁸	¹/₁₀₆₅₆	$0.6 million
8.Auroracoin	5.8x10⁶	¹/_1120690	$5,931

I edited the table above so readers can see the "Adoption-adjusted Market Caps".

You can see how pitiful the altcoins are.

Edit: your investment money is being siphoned off into the pockets of the insiders of these coins. None of it is achieving any significant adoption.

Topic: Why I'm not putting even a dime into altcoins. (Read 807 times)