Topic: Will Darkcoin take second place over Litecoin next bubble? - page 2. (Read 3341 times)

I love the weekly graph of LTC btw - such a smooth decline into old areas of support and resistance, it really helps me look at bitcoin in the same light around these prices.

Yup, This is the type of stuff I wanted to see by posting this thread, Thank you everyone you are making my day!!

Darkcoin always seemed like it was right up everyone's alley, I can't help but agree with toknormal/coins101. We got tons of free (albeit bad) publicity from SR to the point where everyone thinks its the anarchist's answer to anonymous currency, which we all know is only half the case. As long as you never attach a name to your bitcoin, and are very careful about the way you transact, yes you can remain for the most part anonymous. The media is constantly saying "bitcoin" the anonymous anarchist's currency. I really can't help but feel like the Darknet markets would utilize such coins to facilitate their billions of dollars worth of illegal transactions. Is there any Darkcoin markets utilizing this coin now? I'm sure most are still using bitcoin for what ever reason.

I think Darkcoin definitely brings something new to the table, something that Bitcoin supposedly brought, but we all learned later on that its only half the case. That is why I was seriously curious about DRK as I think it really could contend with LTC for second place due to these features.

Great points to make note of: DRK is almost independantly priced from LTC/BTC in the sense that when it rises, only it and its clones rise and normally doesn't follow suit with BTC/LTC - But if LTC/BTC start to rise, Why would DRK just sit behind?

I think we would be wise to buy DRK over PPC or any other alt that made it +15 on BTC-E last bubble (other than LTC, I still consider LTC a safe bet imo, but it is true now, that one line code changes are no longer going to suffice for alt coins, which is a GOOD THING!!!!)

I know there's some things people don't like about DRK - The way it was launched for instance, and above that was argued as the reason DRK doesn't have a future... I can't help but remember NOVACOIN was at like 30 fucking dollars each and everything about that coin is a scam... Even BTC-E got bribed with 250k NVC to add it to the exchange.

Innovation is Key and right now I think DRK has the most innovation - Unless anyone can point me in a better direction? Not too impressed with Monero, should i be? Looks pumped honestly.

Question added: How effective is Darkwallet? Is something like Darkwallet enough to make Bitcoin completely anonymous and make DRK obsolete? (I know nothing of Darkwallet so forgive my noob questions here)

When LTC was born, there were no other options and it served it's purpose.

Looking back with hindsight, changing 1 line of code just doesn't cut it anymore.  Litecoin will go down in history as the first Shitcoin...

Holding several different flavours of anonymity is no bad thing.

Bitcoin got its big media breaks from the perception that it was anonymous. Silk Road gave it a big media bump early on, and the mainstream media has stuck to that line.

Darkcoin could actually make Bitcoin more popular than it already is.

If the mainstream media are educated that Darkcoin gives actually privacy and Bitcoin, by comparision, is more open than people were led to believe, that instantly gives Bitcoin credibility as an open and transparent crypto currency; and DRK gets the neferious cousin price bounce.

The interest in anonymous crypto, led by DRK's price rise, created copycat projects and a ton of variants on the theme. A blooming BTC price causing a bounce to the DRK price will only peak interest in other anonymous projects. So that is why it's potentially useful to have a mixed bag of selevtive anon crypto: DRK, XMR and BBR (both of these Crptonote projects are still under development so delayed investment would be adviseable, IMO).

This is on the basis that you want to increase the number of BTC you hodl in the short to medium term, not necessarily become a long-term fanboy of any of these projects (like me).

Notice I didn't mention Litecoin once in that little summary. The LTC ticker should be changed to: MEH

Just like any of you guys, I also don't have a crystal ball but I will state my opinion about some obvious issues:

I am surprised that Darkcoin value not only survived the recent BTC crash well, its price was even rising slowly. In light of recent problems (Russian bitcoin ban rumors, harsh US regulations, Coinbase restriction of gambling etc) we saw that there is a growing demand for a functioning anonymous coins in the market. Darkcoin dev team delivered all of the promised features on time so far and now working on others (instant transactions etc). Additionally, the number of total coins are fewer compared to other altcoins and plus soon almost half of the Darkcoins will be stuck in masternodes. So to answer you question, Yes, all these factors, might take the coin to the moon in next bubble.

I doubt it.

It takes a (very) long time for such a fundamentally unique and significant anonymity approach such as the one taken by Darkcoin to mature to the extent that it's ready for production use. In many cases I agree with you - the passage of time can render most coins obsolete after a year or so.

But not so in this case. The exact opposite is true.

There are few projects in the crypto world that have enjoyed the kind of sustained attention and precision work that has gone into Darkcoin's design and testing. Apart from anything else, their 2-tier approach is starting to look like it was a masterstroke because the trump card that Darkcoin has to play is it's compatibility with the huge and growing infrastructure that is the Bitcion retail and financial services infrastructure. Add to that the fact that the network recently passed 1000 masternodes which give this coin a new dimension to feature provision that's unique and very powerful.

By 2016 Bitcoin's transparent blockchain that gave last night's "bitstamp whale" celebrity status will be sticking out like a sore thumb. By that time also, there'll only be 1 serious top-10 marketcap anonymous blockchain technology with 2 years of solid track record behind it.

^ I don't know man, you might be quite upset with yourself with thinking a cheap item is now "worthless" just because its price is back down. That's kind of what people want you to think, so they can buy cheaper than you, and you'll only realize "the value is still there" after it goes $5-10+ again and you miss the wagon. . I see this as opportunity. I know for a fact LTC isn't dead lol. If Bitcoin takes off, and starts rising over 1000 again, Litecoin will NOT stay at 3-2 dollars each. That's like saying silver is dead because it hasn't reached $50 dollars since the 70s.

Just the fact that people are spending thousands to get themselves a "Powerful, Super duper LTC Mining Box" tells me that LTC is still worth the 3 dollars to mine it, possibly even at a loss due to bullish miners holding their coins (probably as they have no other options at this point lol).

You can take $1,000 and buy 3.3 BTC - If prices reach old peak of 1200 (without margin trading) would yield $2,960 Profit total. If you took that same $1,000 and purchased 285.7 LTC @ 3.5 each and held till a peak of 45 (which isn't even the full $50 peak of last bubble) would of yielded $11,857 Profit.

LTC has much more potential profit and it would not be wise to ONLY buy BTC for that reason. I'm a gambling man, I'm willing to bet that LTC follows BTC next bubble. There is just no way with all the ASIC's coming out and all the hype around Charlie and Litecoin for them to just sit there while bitcoin sores to $1,000. That just doesn't seem plausible. Even right now as we bounce at 300, LTC is looking for a reason to jump $1.

Interesting reads on DRK - Thank you for posting. I was thinking that DRK might follow suit as well because its a few dollars per coin now. I noticed it is basically prices right under LTC so that is why I asked the question will DRK take over LTC next bubble? I figured we might actually see it due to innovation and people getting excited. I wanted to know if I should put some into DRK as well as LTC Have a nice night guys great posts

Litecoin is nothing. I will never buy Litecoin again(after selling during it's last bubble at $30)

+1

Litecoin's advances are moot and there is no reason for it anymore.

By 2016, the same will be said for dark coin.

A coin gains traction by tech and promise but stays around because people actually use it.

Bitcoin is the only one that has made that transition. And it's barely even doing that.

No tech and little promise for Litecoin.

Some tech but no promise from dark coin. 

Both will go down as cool alts that helped pave the way, burned brightly and faded away into 0.

Darkcoin Instant Transactions whitepaper - https://www.darkcoin.io/wp-content/uploads/2014/09/InstantTX.pdf

Shows how innovative DRK is and this is a game changer for all crypto imo.

yes dark will take second place but only for a while , there is no promising future from both coins.
but dark has suprise me so far , maybe it will hold on for some time and can be good if more guys turn into dark community and support that to the moon

A few good points definitely. I think Waramp is right probably about the regulation side of coins promising truly anonymous transactions, Though it is a very good tool for people wanting their freedom we all know (as Waramp as pointed out) that people will use them for nefarious purposes making them a major target.

I do think alot of people learned about crypto-currency through SR though sadly, not all, but quite a few. I seem to remember the motto being "a currency isn't a currency till you can buy drugs with it" during that time lol. I just figured the anonymous would get that side of the community all excited.

Now that you have pointed this out though I have a better perspective of it. I definitely don't think it's as innovative as I thought it was now. I haven't seen any coin yet that really brings something truly innovative to the table that completely makes Bitcoin obsolete. When that happens we will all know I'm sure, it will just be too good to refuse, but I honestly can't think of a single thing that I could add to Bitcoin to make it "better" to the point where Bitcoin is now obsolete.

I definitely think with all the LTC asics out we must see some action if we do indeed see another bitcoin bubble. I am unsure of what the catalyst will be, but I'm definitely giving Bitcoin a good shot at seeing it over what it is today in the future.  Though, I believe litecoin is in the same situation BTC was in 2013, people were willing to buy for investment purposes, but not many merchants were accepting yet. Its actually fairly far behind IMO, since it already has ASICS out but you can't really spend it, most exchange it for BTC after mining it as well.

Thank you Gadado, you actually answered my question on innovations that could render Bitcoin obsolete, I guess that really is the holy grail - INSTANT. D: I liked the look of Ripple - confused the hell out of me though (the exchange thing) every movement I made needed BTC, even to send my other coins, I was confused as hell. PPC has always been interesting too due to the electricity it saves. I know that has to be another side of this new magical coins innovations. Have no clue what NXT is honestly.... What's NXT all about? Does it bring anything good to the table?

Side Note: I'm thinking BTC bottom should be around 200 ish ya? lowest 170ish Probably a bounce at 266 (from last peak?) I'm just checking fib levels and past support areas. Unless Bitcoin is going all the way.... lol. theres going to be at least a good bounce some where in there.

I really don't see how its going to get past 150, everyone and their mom would start buying (unless there was truly bad news out, which there isn't) There is just wayyyy too many people willing to invest into bitcoin now for them to get much lower than that, GRANTED they haven't been high for all that long but there is billions of dollars worth of industry behind BTC now (in every angle) which is the major difference for me compared to last year.

Does anyone ever pay attention to the Gox coins anymore? Are they just sitting there? None being sold? This isn't another epic stolen coin sell off is it? :3 lol (it looks more like natural ebb & flows of the market to me honestly, but it does make me wonder)

My feelings too. NXT, Bitshares or other new will probably overtake by then.

Ripple can take over anytime they want. They will announce something and by magic their marketcap will go up.

imo both will be dead by then

I fail to see where anyone was putting a crypto currency up against the USD in this thread.

I am invested in DarkCoin. I am no early adopter and it doesnt makes me happy how dark coin started. Darkcoin is a pretty negative example of a launch and I see why a lot of people that missed still sees the coin in a negative light just for that.

However where people fail is that they rather complain and shout about their missed oportunity than analysing and weightening the current situation and do their investments based on that.

For a time DarkCoin was the only investment for me and I desperatly looked out at any new coin in this altcoin bubble to find any worthy company for diversification. I found none.

It changed with jl777's Supernet. Risky but very rewarding in case James delivers which unfortuntaly is really difficult to know. It's a matter of trust and you know trust is really not a good thing in crypto. I am carefully invested in SuperNET and everything that's connected to it (coins, assets, nxt etc) a lot stuff I never liked. Thats also what I see a lot do wrong. They base their investment in what they like and dislike instead in what might get value and what not. You can say I speculate on Supernet. In case it becomes real it becomes a major player and coins not connecting to it will loose in the long run.

LiteCoin has something DarkCoin still has not: Market. When you start with Cryptos the first thing you know is BitCoin the second LiteCoin.
This might change but I don't expect that to change that fast.

You know that DarkCoin offers anonymity however there is a much more important feature on it's horizon: Instant Transaction.
That is sort of a holy grail feature since it sovles one of the cryptos public acceptance issues.

There are a few point's that make it hard for crypto to find a borad band acceptance:

- The long confirmation time.
- The Gigabytes of blockchain
- The hard difficulty to convert Fiat to Crypto and Back
- The missing acceptance or even better the necessity of the coin to buy wares

So coins or systems that solves this problems is what I see will have a future.


Will Drk take second place over Litecoin?

I don't know. I don't think that this is important.

More important is does it have a bright future?
I think yes indeed it has. The development in drk is really very satisfyinga nd surpassed my expectations.

If it continues to do the right things I don't know how it can loose.

But you know in crypto everything can change really fast.
 

We're not comparing BTC to USD, we are comparing DRK to BTC.

I fail to see how any anonymous coin will ever thrive. While it may be fun to mine and buy drugs with, it will be stomped into the ground by law the second it gets any traction because it is difficult to track/regulate/tax. Buying drugs is fun and all but its not enough support to rival litecoin or bitcoin.

I think the reason Darkcoin reached as high as it did is because it was the first anonymous coin and had alot of excitement behind it which drove up the price.

Nope, in 2015 are first 3 spots taken BTC, LTC, DOGE.
Will darkcoin even see year 2016?

It's anybodies guess man.  I got some Moneros and BBR's because I actually believe in cryptonote and anoniminity.  They are both have negatives.

Monero is pumped by risto & friends whales (net negative).  BBR is probably developed by one of the original scammers from cryptonote team and linked to jl777's groupies.

I think litecoin might rocket up wtih the investment of ASICs but it will require some time and i'm not bought in. I'm also probably not the guy to get advice from