Bitcoin Forum

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

Pre-summer pump.  Welcome to trading crypto.

Pre-summer pump is a myth like "weekend dumps". Such patterns do not exist. The only real such pattern is end-of-month dumps because people need to pay bills. Pre-summer pump doesn't exist as a reoccuring pattern. There isn't even enough data to support the idea.

I think we're seeing a somewhat longlasting correction. BTC is still holding 80% cap of the entire industry. That might shift a little.

I think bitcoin is still king. but curious which alts you like?

It's king until it's not. I like all alts that aren't scams or thow-away kind. All longterm good/fair coins with community support so to speak. It's quite a few.
Good risk management and diverse portofolio is where it's at.

Can you give any examples of that type of alt?

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

Litecoin is still legitimate, one of the few coins where there was No premine by Dev.

I have a different perception ... especially of darkcoin which was heavily instamined. In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world". So let's just say ALL coins are scam, honey; not  just every coin except the ones you hold. Alrighty?

On my part i see some legit alts too. I wouldn't say they are all scams. Most of them, but really not all.

I don't see why we actually even use the term "altcoins". In reality it's "cryptocurrency" and bitcoin is not special at all.

when BTC falls, most alt coins fall, and no coin is even getting close to 1B market cap.

If BTC dies hard deserve condolences, I can't say what altcoin die hards deserve

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

Mate, you need to pay more attention. Alts went down with bitcoin last year. This year alts go up when bitcoin goes down. Coins are oversold massively. They bounce up effortlessly now.

Technically it was still a ninjalaunch and stealthmine. It wasn't widely known in the early years. Now it is and thus newer coins have more early adopters and better wealthdistribution. These are simply facts.

ahh another idiot who cant handle Bitcoin, k bey!

bitcoin is special because it is the first, the others are clone, bitcoin it is not

bitcoin was released to everyone, the problem lies in the people of that time that saw it as a scam or virus, they didn't trust it, not certainly a bitcoin fault

also the diff started at 1, nothing to compare with the garbage altcoins full of initial blocks with xxxxx reward and the rest at xx, or diff at 0.0001(kimoto gravity or any better variant of it can't do shit here against instamine) that had helped exclusively, rented machines from all over the place


the point stand, it was not a bitcoin fault, but a general wrong perspective, that users had at that time

This is pretty much a nothing-comment. I think i found a picture of you.

http://www.chicgeekdesigns.com/wp-content/uploads/2011/07/2668975758_ff9a8944c7.jpg

First mover wears off.
Not all coins are a clone of Bitcoin. In fact these days none of the coins is a clone of bitcoin anymore. Nobody clones bitcoin anymore, really. A clone 1 to 1 wouldn't even go to exchanges or be mined nowadays.


How was it released to "everyone"? How? Who is "everyone"? A few people on a mailinglist for cryptography, that's who. (the dev and his buddies)
Normal people who were not on the mailinglist heard about it years later when silk road and the first bubble made headlines in also only a very few blogs and special interest magazines. In no way was it released to "everyone". Altcoins have been released to "everyone" after cryptocurrency NOW is widely known. Before 2012 nobody ever heard of it and a VERY SMALL GROUP OF PEOPLE were mining HIGH REWARDS on LOW DIFFICULTY on their LAPTOP CPUs.

It was a ninjalaunch and stealthmine which went on for years and led to miserable wealth distribution. Can't be denied.
There is even evidence to be found in the old archives that show satoshi did not want it to go public too early. Wonder why ... so he can mine with his Laptop some more hundreds of thousands with his other 20 to 40 friends.

Don't fool yourself. People know this.

i was not talking about pure clone, litecoin is not a non-clone because it use scrypt you know, the same for darkcoin or any other crap release today too, a clone is still a clone, as long as they share the base with bitcoin

it was available to everyone if you missed it it was your fault, i remember there were already video in 2009-2010 and official site(bitcoin.org) was running up by that time

https://en.bitcoin.it/wiki/History, it's not like it was hidden by satoshi so he could instamine a coin that was worth zero, come on be serious...

also he wasn't a propaganda man, it was difficult for him to spread the news regarding that new technology called bitcoin

The fact remains that bitcoins' distribution is the worst of almost all coins due to the fact that information does not spread as fast.
https://pbs.twimg.com/media/CDX39vEWIAEXjwQ.jpg

An altcoin that's 2 years old today normally has a much better distribution than bitcoin had when it was the same age. It is a provable fact that altcoins are much fairer distributed than Bitcoin could ever have been... and people know it and that's why the network effect of Bitcoin will be outdone by any altcoin with a better wealthdistribution on the longterm timeframe.

Bitcoins' networkeffect is inferior to that of popular altcoins on the longterm timeframe.

I've never been remotely interested in buying altcoins, I just don't trust them or believe they have any real future.
As far as the success of cryptocurrency is involved it's Bitcoin or nothing imo.
I just don't think any altcoin offers anything to me/us that bitcoin doesn't.
As far as the OP title goes - Bitcoin is going nowhere.
2016 will be a big year for bitcoin & I believe is the time we really start to see results.

No noob thats you, you dont got a clue what you are talking about. Having fun trolling uss while you making a retard off youreself. You aint a smart guy isnt' it?
Go to another altcoin forum and cry there plz.

You also know the term insta-mining, right?

If you closely investigate the addresses, and especially the addresses who received a massive amount of freshly mined litecoins at the very early stage of litecoin, you would see a pattern  ;)

You are welcome to your own opinion.

Good luck picking up some bitcoins at a much lower price that 220 ever for the rest of the year.

Can't be worse than Bitcoin unless it's darkcoin. lulz

Why are you spamming a bitcoin forum if bitcoin is so terrible.

Why not go and post on your altcoin fora instead!

@ Pecunia non olet; If you can't see the potential, then you don't understand the technology.

Hey Mr. butthurt. 10 minute blocks and no KGW isn't exactly 'up to date'. Bitcoin can do nothing other coins can't do but newer coins can do a lot Bitcoin can't do.

You've made three comments on the thread. Each of them contain content: ZERO
*Derp derpa derp*


http://media-cache-ec0.pinimg.com/736x/5f/5c/a4/5f5ca46b8e1aee5b2dd32124629a2106.jpg

again the distribution started slowly, because it was something new, something untrusted by any average joe, you can't blame satoshi or bitcoin for that, "they" have nothing to do with it

it is just the mentality of the people that should be blamed, and then it's obvious that with altcoin there were a better distrubution(actually only after doge, this was achieved, before that there was still a niche market and many instamining shit, like quark...), everyone knew about crypto by that time, so they jumped in for every new one

bla bla bla bla

https://i.imgur.com/qDPA4tJ.jpg

I'm so sick of seeing this written as some sort of "you'll be sorry if you don't buy coins now!!!" retort. Here's a more accurate version:


Good luck picking up some bitcoins at a much lower price that 1200, 1100, 1000, 900, 800, 700, 600, 500, 400, 300, 220 for the rest of the year.

lol
if you think bitcoin is risky (which is very true), any altcoins are riskier. Altcoins cannot succeed without bitcoin's success. Bitcoin's success and mass adoption is the ultimate indicator that some altcoins may have a chance of survival.

You are not seeing bigger picture. It doesn't matter how bad and evil bitcoin is, or how good some altcoins are. Bitcoin is not even first cryptocurrency. But whether we like it or not, it represent THE cryptocurrency. Therefore, if bitcoin fails, mainstream will see THE cryptocurrency failed. If bitcoin succeeds, mainstream will see there are "other" cryptocurrencies. You may feel it's not fair, but altcoins can't get rid of "alt" until main adoption of bitcoin.

That's what people were saying ,Bitcoin is dead,Mining is dead,We will never break $100,We will never break $1000 And many other.

I've already seen that comment in a 2014 Speculation topic saying 2015 will be a big year for bitcoin  ??? but I agree with you this time because in past experiences with Cryptocurrencies, when everyone says the coin is dead, Boom! Skyrocket..

It's not some fuzzy feeling that 2016 will be a big year. If you look at https://en.bitcoin.it/wiki/Controlled_supply for projected bitcoins, reward per block will be half(12.5) at the end of 2016. This sudden drop of available bitcoins will trigger price rise.

I think I`ll pretty much hold, until some brave soul will fix small details of the memory situation when it does come.

But, until then I`m stilling holding cause its not the price really, its more of where the other countries need this that have financial pressure.

I don't agree with this at all. I see comments like this as biased bagholder-talk.
Several alts go mainstream and bitcoin never does, how's that for an idea?  

Oh please, just look at his avatar that will explain it.. trolls will be trolls.. btc stealthmine? ninjalaunch?  whats next ninjapanda?

Bitcoin will not crash in long time I thought, too many people use it and too much interest is around it. There often will be huge fluctuations like this one, because it's a cryptocurrency. There's no reason to worry about crash now. Live for today

Why would bitcoin ever die?

Its practically used for all the gambling sites.. look at the # of transactions..

You see those type sayings every day, week, month, and year.

see it here: http://bitcoinobituaries.com/

Is there any evidence?  It seems to me that the OP is just trolling.  I don't see any real evidence of the claims.  Although I must admit that the distribution of wealth chart is interesting.  Is that chart accurate?  If so then a few people holing the majority of btc could be a factor in driving up the value assuming they are just sitting on the coins.

condolences to the bears who will miss the boat and spend their lives regretting their missed opportunities.

No risk = no reward.

Bitcoin will die - we are all doomed !!
So perhaps everybody who wants to escape certain doom, should sell me his bitcoins for $10each. Do it now, before its too late !

Yeah.. It doesnt matter how many rise and fall bitcoin will experience it will be here to stay.

Nobody can argue that Bitcoin is dead now, If most of the people will have the same trust in bitcoin one year or more from now, bitcoin will still be a success.

while i agree that there is currently a lot of good opportunities in altcoin market so there is a lot of profit to be made, i don't agree with the whole bitcoin dying or the fact that you should leave it.
altcoins has only one purpose and that is to be pumped and give some people good profit!

Most money that comes to altcoin goes thru Bitcoin. So without altcoins, Bitcoin would be much less used at this point. It is impossible to say that bitcoin would die because  of altcoins, but opposite. Bitcoin is way more alive because of altcoins.

I was one of them, sadly. I know it's hard to accept, but do it for the sake of your equity

That's why they, for the most part, are going nowhere. If Bitcoin were to fail (and I don't believe that it will), there isn't a single alt capable of taking its place.

My condolences to the bitcoin die hards thred maker. You're looking at more slow decline or best case stagnation with some random little pump and dumps while we rock the shit on Your Thread in the foreseeable future. Some hefty Quotes happening right now.
Don't get stuck posting a Troll. -100% portofolio in bitcoin community is a risky business.

#told you to stop trolling

not always true, some of them have something beyond that, which is actually useful, they are good test field, for something that in the future could be added to bitcoin

it goes without saying that it is useless to repeat, what are those good altcoin, we all know about them...

Wow, I'm sensing some real despair here. Probably not enough to say the bottom is in, but damn. This forum done changed. :P

Nice FUD. Meanwhile transaction volume and venture capital volume keep growing. Have fun missing on the lifetime boat you plebs (specially now that's as cheap as it gets for such a long time).

Sooner or later enter at 1200 or at 220 won't matter, just like enter at $2 or $10 some years ago looks irrelevant right now

True. In 10 years from now when you go to Bitcoinwisdom.com and check for the alltime graph, the 1200 ATH will look like a small bump.

I'm looking at bitcoin as a long term investment. but if you scared by the price volatility Spread some of your money into other things, you will likely sleep better.

no...people are much more interested today. all help to improve BTC's value. The more who use it the stronger and more valuable it becomes.

all this "bitcoin is dead" FUD is just nonsense.
bitcoin really shows  growth  with the constantly increasing number of transactions

the price can swing back up based twins actions since they made their exchange happen.

maybe their etf can finally launch.

its just commentary as usual.

I mean its understandable at some levels, but it shouldnt be taken seriously I mean technically we are all die hard fans of bitcoin cause we still stick around on this forum.

I would love to see Bitcoin die or at least to colapse to 1USD/Btc . I would buy all of them then ;D

And that is exactly the reason why it will never happen. If bitcoin was to fail, it would be needed for a ton of people and infrastructure, and ideas to disappear.
I'm sure there were threads like this, but with people wanting the price to go to 0.60$, and im sure there will be threads in the future wanting the price to be 300 $ again.
Why resist the movement when you can join the club ?

cheers

sure it isn't dying because we use it. As long as we use it it will never die!.

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

The other altcoin offer nothing new except promises and attract people portraying they will make more money through it, but nothing about building a community and watching its future as a currency. Its all the same, 2016 will shut all of em because it will be the year of bitcoin.

not an easy task as you think, because what miners can do then? get rid of their whole 300 peta hash and start all over again...no way it would be one of the biggest waste of money...

it would mean the death of bitcoin as we know it now

Thank you for your kind words and condolences. But really, the money I'm making is reward enough.

Condolences to the bitcoin die hards?
Thankfully, everybody doesn't think that way. Look at the number of bitcoin start ups which are out there.

The OP is finding out that it's easy to laugh at Bitcoin holders in a bear market, but that it's impossible to laugh at them in a bull market. Now the tables are turned and we can laugh at him for not buying in when he had the perfect opportunity.

What else could you possibly do..... If sha256 was broken the miners would be worthless instantly bitcoin would HAVE to change the algo.  Once one can solve private keys from public it's gg for SHA256.

GPU's would rise again from the ashes.

Well the die hard fans are making a good sum of profit even sold right now due to greece.

When a whole country needs some form of way to move money, and western union just says "no" were seizing for 1 week yeah we in profit lol.

And keep in mind this will continue unless the EU not to bail out greece.

it should be a gradually change if they really need to change because of quantum computer(are you ttalking about this right?), so it must be done many years before it happen

the problem is that it can be build secretly by some huge company, then bitcoin will be indeed screwed