Topic: Will the Altcoin bubble collapse? (Read 2682 times)

kakav ti je to nick?

I have many kitchen robots and i want to make money with them. But robotting gives me 0 BTC, wtf?

many altcoins will collapse, but altcoins are here to stay, too many people around the world with GPU's that want to make money with them, and they will keep the altcoins going.

yeah?

make it 2 years.                                                                                                                                                                                                                                                       

I think pretty soon big companies like Microsoft is going to start making their very own coins. Even if ppl hate Microsoft they'd still by Microcoin

+1

look what's been released in the past 10 days.   

It is just like tulips.

So likely it will never collapse just like tulip mania never collapsed...

Or collapse just like tulip mania collapsed.

Whatever did happen with the tulips, anyway?

You can still buy them in flower shops...

-MarkM-

Yes, the alt-coin frenzy of late 2013 early 2014 will come crashing down.

If everyone has their own currency and are only exchangeable for BTC or LTC it just makes the big two bigger. Right now there are multiple pools in development that mine junk coins that are inflated, then it converts over to BTC or LTC and pays out to the miners that way.

As more scrypt miners get on-board with a bot picking the best coin to mine, the newer alts will all flatten out faster and faster until cryptsy and the like will be hesitant to exchange them, when that happens, there will be a spike as the door is closed on new coins, a door of opportunity for someone to make a site that only trades junk coins between one-another, which will become another bubble and burst, (if someone takes up the challenge writing a program that figures out how many IFX it takes to buy a QRK automatically for instance)

Once that is done, it's done. People will still make coins for their high school or town perhaps, but that will be that.

Everyone currently speculating on crazy-eye-coin and shitcoin and the like will be left holding the bag if they hold it for more than a day or two after cryptsy lists it.

Current hole in the market is an autotrader app for businesses that takes alt-coins and dumps them on cryptsy automatically for a flat percent to be paid buy the guy who wants to buy a candy bar with his 10000000 IXC

The 2 alt Coins that have a future and I have invested into is tagcoin, this is my safe bet.
The other is Doge, so much going on for this coin that once the block reward is halved we will see a price rise.

Then I have a speculative bet on iCoin, very much under the radar atm but the name alone is great and it's not being hyped like other coins. The balance of power
is split between miner and investor because of the block reward rate but 500 mil coin will be produced over a long period of time. 100 coin reward every block and
block rate to settle on every 10 minutes. So more coins then feathercoin but coming out at a slower rate.

So miners will never be in full control like Dogecoin but the coin will be more valuable for it.

I think this will continue on for quite some time. There are many people coming into the crypto scene now with all the publicity Bitcoin and DOGE has been getting. People are going to see the money. I just seen a post titled "I heard devs make a lot of money releasing alt coins" or something like that. So get ready its going to get crazy. Bitcointalk is going to have to upgrade servers soon.

If that is not true, then does that mean that small scale mining itself may be heading toward a collapse?

I think eventually the only people really profiting will be those who invest in the hardware. I hope to make a few BTC next year. All of it will be going into hardware.

Altcoins will never collapse.

They are a way around the mining difficulties of LTC / BTC.

I am more worried about small scale mining collapsing as a result.

That's the thing -- if someone spread their money around, say, 0.1 BTC in every cryptocurrency listed on CoinMarketCap.com at the start of November, the have achieved an ROI that far outstrips that which Bitcoin has achieved over the same timeframe. The thing is, it's impossible to be sure which coin is going to go up so the only real way to be sure you will pick the winners (should there be more) is to invest in all of them. If I had to pick a loser 3 weeks ago, I would have said DOGE and look at it now. I didn't understand the whole meme thing but clearly other members of BitcoinTalk.com did.

simply said:

90 percent of coins are shitcoins and will be purged
 9 remaining percent are coins which get some community and popularity, surviving for a longer time and being really used for trading and not only for speculative bubbling
 1 remaining percent is litecoin... The slowest and most obsolete altcoin...

From the new coins i think only 1 - 2 can be among the 9 percent cathegory. Earthcoin and maybe dogecoin. Or just none.

But you could not be unhappy from altcoin spamming, the market is working and if something appears worthless it always gets out of any value. IF there are 100 coins and 99 appear useless, you still will get huge profit at the one which will succeed. Thats why people still jump into new bubbles. Many of them take it as a hazardous game - we will buy shitloads of cheap coins and hope the pyramid wont fall until we get out. Dont forget that there is still empty seat for "bronze" coin with fast transactions which will be finally usable for microtransactions and fast payments which can be finally utilized for shopping as visa-card alternative. BTC even LTC are slow as hell. E. G. earthcoin with diff retarget every block is showing us a way (its really fast compared to other coins).

It's because I believe Cryptsy just started to get in the whole alt-coin market earlier in the year and decided to add a shit load of alt-coins to it's exchange, and since then has been adding more all the time.

Many people dislike Cryptsy, many like it, but for better or worse, it's the best place the new miners get to dump their coins and exchange it for btc. No other exchange even has near the amount of coins they do to trade. So it's not like many people really even have a choice

Cryptsy can choose at whatever point they want to start severely restricting the number of new altcoins they accept. This may very well increase the price of existing altcoins as more and more people become exposed to altcoins thanks to new altcoin startups and then look to invest their money in altcoins which aren't entirely speculative (e.g. because they are listed on Cryptsy and thus develop a real market or at least have a real opportunity to do so).

I consider BTC an altcoin.

Crypstsy? I don't even use that.