Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Astargath on April 22, 2015, 02:56:55 PM



Title: What makes an altcoin rise in the market?
Post by: Astargath on April 22, 2015, 02:56:55 PM
There are tons of coins now, whatcan new coins do to rise their price?


Title: Re: What makes an altcoin rise in the market?
Post by: madmartyk on April 22, 2015, 03:04:51 PM
The Pump right before the Dump!!  :D


Title: Re: What makes an altcoin rise in the market?
Post by: Astargath on April 22, 2015, 03:09:32 PM
The Pump right before the Dump!!  :D

Haha come on im serious, in talking about stable coins of course


Title: Re: What makes an altcoin rise in the market?
Post by: tyz on April 22, 2015, 03:36:06 PM
At the beginning, greed and hope. Then, after a big dump only pump and dump actions from speculators.


Title: Re: What makes an altcoin rise in the market?
Post by: TeamDisaster on April 22, 2015, 03:40:07 PM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.


Title: Re: What makes an altcoin rise in the market?
Post by: Daedelus on April 22, 2015, 04:51:13 PM
Provide something that hasn't been seen in crypto before.

If it is useful, sooner or later it will be reflected in the price.


Title: Re: What makes an altcoin rise in the market?
Post by: Baghead on April 22, 2015, 05:03:15 PM
The Pump right before the Dump!!  :D

Haha come on im serious, in talking about stable coins of course

There are tons of coins now, whatcan new coins do to rise their price?

You are talking stable coins that rise in price obviously? That doesn't make much sense bro, the only way coins get noticed within this pool of crap is when they are pumped and people/average traders take note. Tech is not always a sure thing for a rise in price neither is anything except a backing with a nice pot of funds to create a nice pump. 


Title: Re: What makes an altcoin rise in the market?
Post by: Astargath on April 22, 2015, 05:43:00 PM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins


Title: Re: What makes an altcoin rise in the market?
Post by: Stifler on April 22, 2015, 06:01:06 PM
The Pump right before the Dump!!  :D

Haha come on im serious, in talking about stable coins of course

It's always the same: simply supply vs demand. You need more and more people using/buying/trading it to see a rise.


Title: Re: What makes an altcoin rise in the market?
Post by: RaginglikeaBoss on April 22, 2015, 06:01:41 PM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins

This is the fundamental problem with altcoins right now.  There is almost no incentive to use new altcoins compared to Bitcoin.  And even then Bitcoin is still in its infancy, most merchants immediately exchange it for fiat.


Title: Re: What makes an altcoin rise in the market?
Post by: TeamDisaster on April 22, 2015, 07:05:36 PM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins

That is a very good question, but I'm afraid I don't have an answer for it.  Maybe offering some kind of promotion to the online vendor in question / giving them publicity via social media channels etc would be enough to sweeten the deal for some - I don't know what it would entail, from a vendor's point of view, to be able to accept a new coin type.


Title: Re: What makes an altcoin rise in the market?
Post by: choochimil on April 22, 2015, 08:24:54 PM
"Appearing" professional and ambitious. Popular. No premine. Ninja launch. ...


Title: Re: What makes an altcoin rise in the market?
Post by: FallingKnife on April 22, 2015, 08:53:46 PM
You need a fair start, some transparency, vetted and proven over time not to be a scam.
It should be worth talking about. It needs a message, a story.
It nees a value and belief system.
It needs an undying committment from a core group who understands the meaning to the core group.
It needs a vocal community, not necessarily a huge community, who believe in it.
It requires some kind of differentiation that sets it a part and make it unique or better in some way.
It takes people who will willingly invest their time talent and energy to promote the cause.

If it's the best anon coin in the world, then find your rabid core believers in privacy.
If it has lowest inflation, find the inflation haters.
If it specifically facilitates a certain activity, find the people who participate in that activity.
It it helps green the planet, then find people who want to do that.

For a coin to succeed, someone has to believe so intensely in it for so long that others will also believe, or find it fun or cool to be connected.

Acceptance by merchants is desirable but overrated in and of itself. Convertability is more important, so add a market to the list.



Title: Re: What makes an altcoin rise in the market?
Post by: Undermood on April 23, 2015, 06:46:13 AM
The Pump right before the Dump!!  :D

Haha come on im serious, in talking about stable coins of course

There are tons of coins now, whatcan new coins do to rise their price?

You are talking stable coins that rise in price obviously? That doesn't make much sense bro, the only way coins get noticed within this pool of crap is when they are pumped and people/average traders take note. Tech is not always a sure thing for a rise in price neither is anything except a backing with a nice pot of funds to create a nice pump. 
Tech is important factor to attract ppl to pump up the coins and have incentive to hold the coins otherwise the altcoin just becomes the tool of pump and dump then dead.


Title: Re: What makes an altcoin rise in the market?
Post by: chennan on April 23, 2015, 06:54:50 AM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins

This is the fundamental problem with altcoins right now.  There is almost no incentive to use new altcoins compared to Bitcoin.  And even then Bitcoin is still in its infancy, most merchants immediately exchange it for fiat.
Altcoins have the same fate with bitcoin. As the adoption rate of bitcoin increases, altcoins follow! But not all, only the innovative and feature rich altcoins will keep going!


Title: Re: What makes an altcoin rise in the market?
Post by: Miracal on April 23, 2015, 07:05:53 AM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins

This is the fundamental problem with altcoins right now.  There is almost no incentive to use new altcoins compared to Bitcoin.  And even then Bitcoin is still in its infancy, most merchants immediately exchange it for fiat.
Altcoins offer some useful applications in our real life! Such as NXT offers asset exchange, multigateway, free market;ripple offers a better low cost solution for international money remittance etc. Once they are applied extensively, their price will skyrocket!


Title: Re: What makes an altcoin rise in the market?
Post by: Astargath on April 23, 2015, 07:38:12 AM
I'm still pretty new to all this but having an active community, getting places to accept their altcoin directly and having an active (and communicative) dev team seems to help keep prices stable, if not necessarily upwards-bound.

Yes that seems like good ideas but how do you exactly make reputable places accept your coin when they can just use the already trusted ones? I mean new coins have nothing new they are just other coins

This is the fundamental problem with altcoins right now.  There is almost no incentive to use new altcoins compared to Bitcoin.  And even then Bitcoin is still in its infancy, most merchants immediately exchange it for fiat.
Altcoins offer some useful applications in our real life! Such as NXT offers asset exchange, multigateway, free market;ripple offers a better low cost solution for international money remittance etc. Once they are applied extensively, their price will skyrocket!

While that is true there are other altcoins that simply offer nothing new but they are just as famous or even more, like dogecoin wich was like a joke coin and look at it now, one of the biggest altcoins that there are, and there are some other examples of this aswell.


Title: Re: What makes an altcoin rise in the market?
Post by: wagabee london on April 23, 2015, 04:36:21 PM
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Title: Re: What makes an altcoin rise in the market?
Post by: thejaytiesto on April 23, 2015, 04:40:49 PM
Massive hype basically. After the hype fades, the coin dies. There are exceptions, like Monero, Dash or Maidsafe. Serious projects with a purpose, something you can be reasonable safe at night while holding long term besides Bitcoin.
Other than that, its really hard to say from all the coins, very difficult to pick up winners without it basically being a casino gamble.


Title: Re: What makes an altcoin rise in the market?
Post by: Astargath on April 23, 2015, 05:44:11 PM
Massive hype basically. After the hype fades, the coin dies. There are exceptions, like Monero, Dash or Maidsafe. Serious projects with a purpose, something you can be reasonable safe at night while holding long term besides Bitcoin.
Other than that, its really hard to say from all the coins, very difficult to pick up winners without it basically being a casino gamble.


i guess the problem is that normal people with little knowledge is making coins and CAN make coins, if a big corporation made one, lets say league of legends, instead of rp (riot points) wich is bought with real money, they could make a coin (league coin or whatever) that would definitely be used for millions of people that play league because they would be basically forced to and that would make the coin rise.


Title: Re: What makes an altcoin rise in the market?
Post by: lucasjkr on April 23, 2015, 05:47:29 PM
Generate demand so that people want to buy them.


Title: Re: What makes an altcoin rise in the market?
Post by: JackRipper on April 24, 2015, 12:42:41 AM
Provide something that hasn't been seen in crypto before.

If it is useful, sooner or later it will be reflected in the price.

I hope you're right, but right now I'm beginning to doubt that most people even care about innovation. It seems like most around here are simply looking for the pump.


Title: Re: What makes an altcoin rise in the market?
Post by: Astargath on April 24, 2015, 07:49:05 AM
Provide something that hasn't been seen in crypto before.

If it is useful, sooner or later it will be reflected in the price.

I hope you're right, but right now I'm beginning to doubt that most people even care about innovation. It seems like most around here are simply looking for the pump.

Well of course everyone is looking for the pump to make money fast and easy, the problem with that is that some people will make a good amount of money from the pump and a lot of people will make nothing


Title: Re: What makes an altcoin rise in the market?
Post by: Braino on April 24, 2015, 07:40:37 PM
Just make sure you're not on the losing side and then you can be a champion instead of a butthurt complainer.

Be smart and you'll be profitable... Simple