Bitcoin Forum

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday :)

Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero).  No value in them as you can make your own clone / Monero for free.

Monero and Bitcoin is also a fork from some older idea... Just as Monero from Bytecoin.
You are almost speaking if they invented the wheel.

Don't fret!

people are tired of scams and shitcoin.

Only alts with a real world purpose stay alive who give people outside the Crypto community who don't basically care about Crypto still beneficial reasons to use it which 99.9% of alts don't offer, maybe 1 or 2. If this forum would stop existing majority of alts would be finished.

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday :)

What are you talking about!!!????

Many of the weed and hemp nice coins have been growing in volume or are about to.

CANN up 150% in the last month.

THC up 250% in the last month.

CCN, DOPE and POT are about to blast off.


The value of CANN and THC have also been increasing a lot. I only own these types of coins so I wouldn't know whats going on with other ones.

People are tired NOW? I agree lots of altcoins are just clone and most of them are scam. But except these scams , volume of other coins like NXT has also been decreased. So,  its NOT just awakening , I think.

NXT is a 100% Proof of Stake coin, the first of its kind. Anyone with a modicum of understanding about how coins are generated will then ask, how do the people obtain coins fairly? For the coin to be truly Proof of Stake, they must be generated somehow in the beginning. Who gets to hold the first NXT? Was the coin creator focusing on making a fair distribution?

Let us use a metaphor to more aptly explain what happened with NXT.

Your buddy is about to create a house that, if it sells well, will probably be replicated and used many times over and make your buddy a lot of money. He wants capital and some investors to spread the risk. You can't give him much but you want to help, so you send him .01 BTC.

A week later, your friends ask you about the house idea and you explain it to them. They think its innovative and they want to invest in it, too. You call your house selling buddy but he informs you that the investing period is over. Oh well, they can buy shares from you individually, he said.

Now, the hype around this house is building (hehe) and people are becoming very interested. It's appearing like you could sell some of your stake at a premium. How much should you sell some your stake for?

a) a small premium, 1.5x what you paid for it, or .015 BTC
b) double your money, 2x what you paid for it, or .02 BTC
c) 5x your investment, this is about to get big, or .05 BTC
d) 50x your investment, or .5 BTC
If you chose “d”, that is the answer that apparently played out 78). And the investment premium only skyrocketed further.

NXT had an “IPO” for their coins, for being 100% PoS, they had to distribute their coins somehow. If you send them BTC, they would give you a certain percentage of the coins, that percentage determined by how many people donated by the end of the IPO. The coin creator, BCNext, left a loosely labeled start to the coin at January 3, 2014 and loose instructions that the IPO would continue up until that point. This didn't happen. The IPO was closed around November 18th 79), a full month early. Only 73 people 73 anonymous bitcointalk accounts were in the official IPO list, meaning NXT's 1,000,000,000 coin instageneration was distributed amongst these people.

What happened next was absolutely fabulous for those 73 investors 73 anonymous accounts on bitcointalk = about 5 main investors with 10 sock-puppet accounts each and about 20 investors who got some dust to play with (they where happy as larry for getting hundreds of thousands for sending only a fraction of bitcoin). NXT went to the market in a huge way. In under a month, NXT reached a market cap of $80,000,000 or 8 cents a coin (December 26th. Plus it went higher a few days later). When you look at what .01 BTC got you in the IPO, some 500,000 NXT, you begin to grasp what an enormous price jump NXT went through.

NXT reached $80 million market cap on December 26th. Bitcoin was worth around $700 on the same day. At .01 BTC, which is $7 at that time, you could have gotten 500,000 NXT 80). 500,000 x .08 = $40,000. …all from a $7 investment… if someone finds a better profit margin in around the same time frame (1-2 months), notify us. We're pretty sure this is the quickest and best performing investment of all time, especially when you extrapolate the actual value of some of the BTC invested in early November and October (~$120 per BTC. And this wasn't even the top of NXT's growth. It's one thing to profit 2x-10x of your original investment. If you double your money, you should get a pat on your back. If you get 10x your money, you should buy a round for everyone at the bar. What if you do 5,000x better than your investment? You should check your math because something is very wrong.

What does this mean to the investor now? Well, those 73 original IPOs investors  5-6 friends who are behind the nxt scam are kings of the world, that is for sure.

Just ask yourself if you were an original NXT holder and you make over 5,000x your initial investment. Would your plan be to sell it all, hold it all, or somewhere in between? Considering there is no other example of an IPO in history that has performed this well, only an idiot would continue to hold if they could. The original investors are looking to sell. The bunch of nxt friends will dump till day x, still holding well over 90% of worthless thin air coins.