I sorted by market cap and something really hit me. It wasn't that there are now 102 coins on the site and a few months ago there were far less. What blew me away is how pathetically worthless most of the coins on the list are. It is GAME OVER and most communities don't know it. So many of these coins of lost hope have been 10 times higher in the last four months alone. So many were "major coins" at one point and now are worth absolutely nothing and will never be worthy anything EVER.
a oh, I don'y think so , no matter what happened.
Topic: Wow, Alt-coins.... Game over (Read 8315 times)
The problem is the general population will never accept and never understand the majority of these alt-coins, and if there aren't people supporting them they are worth nothing. Coin devs should really start working together on the top alt-coins and make them better instead of releasing new non-sense each and every day. Also exchanges like Cryptsy shouldn't give all these fly by night coins the time of day, there is no reason there should be that many coins on any exchange, not yet at least.
I think the population will come to understand but it will take a couple of generations for these coins to reach mass adoption.
Game over? The game is just beginning.
If we were playing monopoly, we havent even finished passing out the.money that we all start with. Hell, were just figuring out who gets the hat, the horse or the shoe.
All I can say is... I wonder who going to.end up with tue hotels on boardwalk. Who will become the big authority on this shit? No big player that has established himself as the leader.
If we were playing monopoly, we havent even finished passing out the.money that we all start with. Hell, were just figuring out who gets the hat, the horse or the shoe.
All I can say is... I wonder who going to.end up with tue hotels on boardwalk. Who will become the big authority on this shit? No big player that has established himself as the leader.
There are hundreds of fiat currencies in the world today. There is no reason there couldn't be hundreds of cryptos either, maybe even thousands. So glad Bitcoin is so cheap at the moment so some of the most obvious scams may be weeded out.
It's just a bit of fun, right? You shouldn't be investing money you can afford to lose.
The last four months that I have been on this forum have been a whirlwind of trading and going insane with crypto currencies. It seems I am probably Cryptsy's biggest money generator.
It has been nuts as I have watched a seemingly endless line of crypto currency be announced, mined, dumped, pumped and redumped.
I just opened Crypto-market cap again for the 10000th time http://coinmarketcap.com/
I sorted by market cap and something really hit me. It wasn't that there are now 102 coins on the site and a few months ago there were far less. What blew me away is how pathetically worthless most of the coins on the list are. It is GAME OVER and most communities don't know it. So many of these coins of lost hope have been 10 times higher in the last four months alone. So many were "major coins" at one point and now are worth absolutely nothing and will never be worthy anything EVER.
Megacoin, oh what happened to your 50 million cap!?!?!? Quark the darling of crypto-future a shell of what you once were and dropping like a pre-mined rock. Primecoin!!! oh the great primecoin going nowhere since forever.... Feathercoin oh the humanity!!!, pumped from the cellar to a pathetic 8 million. Ripple, dear God Ripple and its pathetic, pathetic, 73k in volume!!!!!! insert me laughing for an hour, pathetic, pathetic, pathetic.
And yet each has their own straggling communities of desperate hope and lost dignity. These walking-dead communities actually still believe that they will rise to be Bitcoin or even just a small piece of Bitcoin. IT WILL NEVER HAPPPEN. You won't be Bitcoin and what is worse for you is that you won't even be Dogecoin
Watching Kittehcoin try to have any community on Reddit in the face of Dogecoin's tens of thousands is worth a laugh and then a cry.
I wish there was a virtual executioner that would purge the world of these dead coins that only bring shame to their followers.
Good God Franko, Mooncoin, anoncoin, copperlark, RonPaulCoin!!!! i feel guilty just reading your names next to your tiny little market caps. I hope you all just disappear quietly into the virtual night.
It has been nuts as I have watched a seemingly endless line of crypto currency be announced, mined, dumped, pumped and redumped.
I just opened Crypto-market cap again for the 10000th time http://coinmarketcap.com/
I sorted by market cap and something really hit me. It wasn't that there are now 102 coins on the site and a few months ago there were far less. What blew me away is how pathetically worthless most of the coins on the list are. It is GAME OVER and most communities don't know it. So many of these coins of lost hope have been 10 times higher in the last four months alone. So many were "major coins" at one point and now are worth absolutely nothing and will never be worthy anything EVER.
Megacoin, oh what happened to your 50 million cap!?!?!? Quark the darling of crypto-future a shell of what you once were and dropping like a pre-mined rock. Primecoin!!! oh the great primecoin going nowhere since forever.... Feathercoin oh the humanity!!!, pumped from the cellar to a pathetic 8 million. Ripple, dear God Ripple and its pathetic, pathetic, 73k in volume!!!!!! insert me laughing for an hour, pathetic, pathetic, pathetic.
And yet each has their own straggling communities of desperate hope and lost dignity. These walking-dead communities actually still believe that they will rise to be Bitcoin or even just a small piece of Bitcoin. IT WILL NEVER HAPPPEN. You won't be Bitcoin and what is worse for you is that you won't even be Dogecoin
Watching Kittehcoin try to have any community on Reddit in the face of Dogecoin's tens of thousands is worth a laugh and then a cry.I wish there was a virtual executioner that would purge the world of these dead coins that only bring shame to their followers.
Good God Franko, Mooncoin, anoncoin, copperlark, RonPaulCoin!!!! i feel guilty just reading your names next to your tiny little market caps. I hope you all just disappear quietly into the virtual night.
I can understand your frustrations, Johnny, but the core fundamentals that governs the cryptosphere - decentralization, absence of trust, choice and anonymity - should be left to handle this on its own. Market forces will react and adjust accordingly to correct any structural imbalances in the ecosystem.
Enforcing the opinion/s of a segment of the market participants on the economy, with the intention of shaping and even governing the market, runs contrary to the ideals of you, me and Boo.
OP, you couldn't be more wrong, have you seen tomatocoin? (It's going to be huge!)
I'm just kidding, no I'm with you, it's absolutely insane. What exactly though, it's not that there are 100's-1000's of copies of the same thing that is surprising. What is surprising is that they all get the attention that they do. I guess I understand the point about as long as people are making money this will continue. So where is it all going?
If all the clone coins don't actually offer any new functionality then the only reason driving the price up is waves of new people/money coming into the cryptocurrency market. This can't continue on forever so at some point the waves will get smaller and smaller and as old useless cryptos die out that money should concentrate into something of real substance. (Bitcoin, NXT, Ripple (which is stupid but different, etc...)
We are all just throwing money around on stupid, valueless investments. Then again, maybe I'm missing something as they are just all copies of bitcoin and on paper just as good. I'm not sure what that means in terms of value. Every clone coin offers exactly the same thing as Bitcoin and yet we are willing to pay more for Bitcoin because it's older? I can't think of a real world example of anything that compares, as an example, what if Pepsi were cloned EXACTLY but offered at 1/1000th the cost. Would people still 'use' Pepsi?
So maybe this whole thing is madness!
It's madness. But what's the "value" of 1 Quadrillion of $US in derivatives? I'm just kidding, no I'm with you, it's absolutely insane. What exactly though, it's not that there are 100's-1000's of copies of the same thing that is surprising. What is surprising is that they all get the attention that they do. I guess I understand the point about as long as people are making money this will continue. So where is it all going?
If all the clone coins don't actually offer any new functionality then the only reason driving the price up is waves of new people/money coming into the cryptocurrency market. This can't continue on forever so at some point the waves will get smaller and smaller and as old useless cryptos die out that money should concentrate into something of real substance. (Bitcoin, NXT, Ripple (which is stupid but different, etc...)
We are all just throwing money around on stupid, valueless investments. Then again, maybe I'm missing something as they are just all copies of bitcoin and on paper just as good. I'm not sure what that means in terms of value. Every clone coin offers exactly the same thing as Bitcoin and yet we are willing to pay more for Bitcoin because it's older? I can't think of a real world example of anything that compares, as an example, what if Pepsi were cloned EXACTLY but offered at 1/1000th the cost. Would people still 'use' Pepsi?
So maybe this whole thing is madness!
OP, you couldn't be more wrong, have you seen tomatocoin? (It's going to be huge!)
I'm just kidding, no I'm with you, it's absolutely insane. What exactly though, it's not that there are 100's-1000's of copies of the same thing that is surprising. What is surprising is that they all get the attention that they do. I guess I understand the point about as long as people are making money this will continue. So where is it all going?
If all the clone coins don't actually offer any new functionality then the only reason driving the price up is waves of new people/money coming into the cryptocurrency market. This can't continue on forever so at some point the waves will get smaller and smaller and as old useless cryptos die out that money should concentrate into something of real substance. (Bitcoin, NXT, Ripple (which is stupid but different, etc...)
We are all just throwing money around on stupid, valueless investments. Then again, maybe I'm missing something as they are just all copies of bitcoin and on paper just as good. I'm not sure what that means in terms of value. Every clone coin offers exactly the same thing as Bitcoin and yet we are willing to pay more for Bitcoin because it's older? I can't think of a real world example of anything that compares, as an example, what if Pepsi were cloned EXACTLY but offered at 1/1000th the cost. Would people still 'use' Pepsi?
So maybe this whole thing is madness!
I'm just kidding, no I'm with you, it's absolutely insane. What exactly though, it's not that there are 100's-1000's of copies of the same thing that is surprising. What is surprising is that they all get the attention that they do. I guess I understand the point about as long as people are making money this will continue. So where is it all going?
If all the clone coins don't actually offer any new functionality then the only reason driving the price up is waves of new people/money coming into the cryptocurrency market. This can't continue on forever so at some point the waves will get smaller and smaller and as old useless cryptos die out that money should concentrate into something of real substance. (Bitcoin, NXT, Ripple (which is stupid but different, etc...)
We are all just throwing money around on stupid, valueless investments. Then again, maybe I'm missing something as they are just all copies of bitcoin and on paper just as good. I'm not sure what that means in terms of value. Every clone coin offers exactly the same thing as Bitcoin and yet we are willing to pay more for Bitcoin because it's older? I can't think of a real world example of anything that compares, as an example, what if Pepsi were cloned EXACTLY but offered at 1/1000th the cost. Would people still 'use' Pepsi?
So maybe this whole thing is madness!
It is pretty much game over, all coins are so low in price it is almost not worth mining them. Very low profit, feel sorry for anyone who owes money on new equipment, it will be hard to make back roi now.
Are you describing Bitcoin or Altcoins?
It is pretty much game over, all coins are so low in price it is almost not worth mining them. Very low profit, feel sorry for anyone who owes money on new equipment, it will be hard to make back roi now.
It Depends what coin you are miningWhen are you selling
there are few things ROI will be within first month
Just study properly and love crypto.
The problem is the general population will never accept and never understand the majority of these alt-coins, and if there aren't people supporting them they are worth nothing. Coin devs should really start working together on the top alt-coins and make them better instead of releasing new non-sense each and every day. Also exchanges like Cryptsy shouldn't give all these fly by night coins the time of day, there is no reason there should be that many coins on any exchange, not yet at least.
It is pretty much game over, all coins are so low in price it is almost not worth mining them. Very low profit, feel sorry for anyone who owes money on new equipment, it will be hard to make back roi now.
Most people also seem to forget that whales make the market. Where do whales make the most profit once crypto stabilizes and becomes somewhat flat? Proof of stake. PPC has a bad name and horrible interest rate. Whatever stake coins that survive, besides PPC, should go up a lot in value, assuming the security and functionality of PoS meets or passes BTC in the future.
wolong.... Game over
and a few others that offer some level of innovation
though I do agree with much of what you say on this forum, innovation is the most overrated feature on any coin. Joe Public doesn't relate at all to most of the 'innovation' that gets this very niche crowd interested.
Give me a marketable clone of btc/ltc anyday over an overrated, over complex 'innovative' new coin.
Original poster typed a wall of crap when he could have just summarized it briefly:
The only PoW coins to survive will be BTC, LTC, Dogecoin, and a few others that offer some level of innovation, utility, economic model, or ASIC prevention like Darkcoin, VTC, etc. All those clone coins like Smartcoin, Digibyte, etc will be worth 0.
Several proof of stake coins will survive, because a "virtual decentralized bank" is a highly underestimated concept. I wouldn't even be surprised if PPC died due to the name alone, and some current underdogs surpass it. As for coin's economic models, I believe Cashcoin might have one of the best economic models released so far.
The only PoW coins to survive will be BTC, LTC, Dogecoin, and a few others that offer some level of innovation, utility, economic model, or ASIC prevention like Darkcoin, VTC, etc. All those clone coins like Smartcoin, Digibyte, etc will be worth 0.
Several proof of stake coins will survive, because a "virtual decentralized bank" is a highly underestimated concept. I wouldn't even be surprised if PPC died due to the name alone, and some current underdogs surpass it. As for coin's economic models, I believe Cashcoin might have one of the best economic models released so far.
Most coins should die.
sadly technology is very hard to truly kill off, without a virtual executioner coins will linger on for generations to come back from the dead time and time again to steal the savings of the desperate multi-level marketing drop out.
resurrect this thread in five years and half these coins will still have a following of people clinging to lost hope. very sad indeed.
On the flip side I do think there will almost always be major coins, just like there are major credit cards. I just don't believe that there will be only one.
Most coins should die.
This is pretty similar as with stocks. There is sooooooo many of them. Some good, some bad, most crap.
NEVER fall in love any of them either.
Although, I suspect you might be trolling, I'll bite:NEVER fall in love any of them either.
It's tempting to compare buying stocks with cryptos; but it doesn't really hold - when you buy a stock (at least one listed on a regulated exchange, and not the pink sheets) you're buying a share of an established company with a documented financial history and (one would hope) plan for profitability. Crypto currency isn't really a share of anything; it's an unregulated medium of exchange, which one hopes will accrue in value based on the perception of its utility and trustworthiness.
This is pretty similar as with stocks. There is sooooooo many of them. Some good, some bad, most crap.
NEVER fall in love any of them either.
What is actually super fun... is to buy gold. Real gold. You can hug it when you go to sleep and it never deserts you.
NEVER fall in love any of them either.
What is actually super fun... is to buy gold. Real gold. You can hug it when you go to sleep and it never deserts you.
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