Bitcoin Forum

Is it me or are a lot of the "old" altcoins starting to rise? A lot of coins have risen 400% in the past month.

What is the reason? Speculators expecting a pump coming to their coin?

Or are we going to see a repeat of January 2014? The rise of altcoins v2?

Some ppl are pumping up them insanely! It will not last long!So it is a good time to unload your altcoin holding!

As the scamcoin devs slowed down their crap from feb-may, now whales/manipulators are going back to "older" coins for summertime (after they accumulated some with their spare btc).  thus, now they can easily pump though and put higher sells so all us "regular" ppl will buy at inflated prices.  if you have some low or get in before the dump, good for you - otherwise be carefulllll.  i'm sure we'll see a bunch of ninja scam coin releases when sept-early dec rolls around.  you will see.

The overall trend over the last weeks was a rise of the altcoin market. Some coins revived like Qora, NAS or Mintcoin. They seemed all dead because the developers were gone (Qora, NAS) or the community interest (Mintcoin) was very low. But this changed and the price rose.

I've noted something like that too.

Have to wonder if the heated debate over Bitcoin's future
direction and ensuing fear of BTC devaluing as a result of possible
split in development has caused some of the speculators to
turn to altcoin world.

XCP counterparty is looking pretty good right now to accumulate.

Anyone else have tips on some good older coins with public devs that are at record lows?

This is very true. Also people have lost interest in buying new scamcoins. Since the whales and developers cannot generate enough interest in the scam coin of the day, they moved to old coins which they were able to pick up at bargain basement prices over the last year or so.

I think we are seeing the decline of altcoins. I'm getting more notices from exchanges about delisted coins and some are the older coins.

Let's face it, altcoins are not moving towards real world usage. In fact, we hear very little about it from coin communities and developers. Even btc is struggling.

I'm sure there will be a some winners in the future but which will survive to become viable currencies is the million dollar question. Right now its looking grim.

Trading has become a joke and a good way to lose money for the less informed.

I think investors are beginning to understand the value of longevity.

A cryptocurrency that's been able to survive these stormy seas for 2 years is more likely to continue along its journey.

new coins are scam coins, old coins which survived are here to stay.

a) new coins = 99% are scam and you lose money - disappeared forever
b) old coins = 50% pump and dump / dump and pump - here to stay

you choose one to play

all the crypto know how devs are already out with a coin long ago
these new devs and new coins are scammer and get rich quick kids living under their parent basement.

this dev don't even know what is the different between a pos/pow/premined/ico coin
https://bitcointalk.org/index.php?topic=1077358.msg11506225

What about the kid & friends in his basement who make the next big thing? I'm still willing to take a chance on an altcoin, new or old.

That's not a real dev, but really seems to want to be. The only way he's ever going to be the "dev" of any coin is if he hires someone to clone it for him.

yes, but it would take them years to learn and make it happen

and a high fibre diet creates floating turds ... longevity is important though, and the actual cost of keeping a coin chain alive is really quite small in $$ terms, and the potential P&D gain is enormous from claiming "look this coin is 2 years old now, wow, it must be legit!!"

keeping turds floating is quite profitable for those willing to jump into the toilet

Old coins have more user base. It can be accumulated for long term and for larger sum. Most those coins will be dumped again.

If you read the announcement threads for some of those "2 year old" coins you sometimes find massive gaps where nobody posted for months on end. Often there are no nodes and no blocks have been mined for months either. Sometimes a coin only comes back to life after someone starts pumping it, but it's still claimed to be "2 year old" when it's really been dead for the previous six months.

Well thats a good point.

I also think that the rise of alts have something to do with the Euro crisis and the probable Grexit of Greece.

If it's true (I have not made the analysis necessary to confirm it) it may be the first indicator of a general crypto bubble. In August-September 2013, altcoins began to rise, when Bitcoin was moving sideways in the $150 region. About a month later, Bitcoin began to rise too ... and altcoins even further. History may repeat itself ... or not.

This is the general feeling i'm getting at the moment. It doesnt seem to be only "pumped" coins that start rising, but many coins in general see their value increase. Lets hope this is the case!

Bitcoin rised because of mtgox fuck ups and their willy bot, it was pure artificial. Not sure if such scenario will happen again, only way for such jumps is bitcoin going pretty much mainstream and i think this will happen and its price will be much more than the previous ATH, although there are/will be cryptos offering a nice market which bitcoin doesn't offer and those ones will rise big aswell. Overall the future is bright.

The value of a Bitcoin never really was $1000+
The current price of 220-230 seems to be correct.

It hasn't moved in months and has been rather boring to watch.  So investors are moving back to altcoins where prices move up and down faster and wider.

Only VIRAL to the moon

since there are not good altcoins launched recently , so it looks like whales started to bump old altcoins that preformed good in past,its good to sell for the guys who are still holding them, don't miss the chance, this price rise is not permanent.

I think Syscoin price will rise soon.

https://bitcointalk.org/index.php?topic=757255.0

We have an overall uptrend of alts at the moment. in my opinion it is because of really good news around crypto currencies in the news and the economical uncertainty in Greece.

Correct. Seem like in Cyprus last time alt follow uptrend now slowly but constantly this may be the mark for some buying and selling.

Its interesnting to buy altcoins now, or its a bit late and its better to wait lower prices?
I have litecoins and dogecoins. But i don't know if its better sell or buy more ?

Thanks.

 R I S E  of  THE ORCS  ALTS !!

Add "Greece is the New Cyprus" and you've got yourself a scenario...

in this case i will buy more altcoins.

Thanks for the info, in 2013 i didn't know anything about bitcoins.

I am not sure why altcoin is rising. Maybe something is brewing in the bitcoin market and this is the spreadover to the altcoin market.

Glad to, but I should add a warning: the consensus opinion 'round here is that speculators are causing the rise, not Greeks. So playing this scenario is risky because it might not play out. PSA out. ;)

more p&d fun! yay!!!

Yes all movements come with speculators, speculators help to rise faster and to down fast.
My inversion are only with money that i can afford to loose.

Every coin on the Chinese btc38.com has increased in value massively in two waves over the last month.

I don't know about coins on other exchanges.

It started on May the 9th.

Edit: I have no idea who's buying them all or why but it's making a difference in the alt markets and spreading across the exchanges by the looks of it.

http://s30.postimg.org/l9qq3qaj5/btc38_alts.jpg

Digitalcoin is one of those 2 year old coins, but one that's been continually improved on and supported since the genesis block. DGC is one that's seen a several hundred percent rise over the past few weeks, and continues to climb. It seems to me that established coins having proven to be stable and secure, have the very real opportunity to become the blockchain of choice for some economic function that requires an effective and inexpensive medium of exchange. The possibility that Bitcoin or some altcoin will be used for common every day transactions is remote, but alternative decentralized alternative currencies can very possibly serve countless other purposes. Perhaps this recent rise is confidence in blockchain technology, and the expectation that proven coins will be the solution of choice for use cases that require a reliable blockchain based currency.

TT

Yeah its nice to see the price rise going on at the moment especially for the older coins that have active communities and ongoing development. Digitalcoin has been one of the few coins that has been able to operate with stability and continued improvement over a long time period. Looking forward to this continuing.

Like Samson mentioned it would be interesting to know the who and why behind the price rises though. That BTC38 image shows rises almost right across the board with some coins a fair bit more than others.

New coins or old coins doesn't matter to me. It's just nice to see some btc flowing into the alts once again.

A disaster, no.  But it is the typical pre-summer pump that is experienced in almost every trading equity known to man

i agree, it is always good to see more bitcoin is getting into altcoins everyday. but i think the reason for this was the stable bitcoin price for the last few weeks. and if the bitcoin price continues to rise i fear there will be so many cash-outs from altcoin market.

Seem that current crisis with Greece is influencing in altcoin rise this may be good like last time with Cyprus.

The "who" seems to point to BTC38 users as the activity there appears to be leading the moves. I've been watching BTC38 regularly and what's interesting to me is that DGC seems to be a little more stable than many others. Only one in green at the moment.

TT

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

how do you think the Quark and co long timers feel...

ffs our trolls and shills even gave up?

i tried to get a good response not even a wimpier.

has like, "NSA" had cutbacks? or is it that whole "patriot" deal thing?

it's just....empty.. without you guys??

maybe staff are getting thin and you look pretty busy over at r/Aliens right now  ha ha ha

: D

"Love share"

And that's really odd! I knew about pre-summer pumps in the mining-exploration penny stock arena, but I chalked it up to the fact that a lot of the hot properties were in the North where seasonality takes the form of something called "winter" ;) which makes exploration a lot more difficult. Back in tha day, the players in that penny-stock niche were a lot like farmers: get rolling in the spring, furious activity (if warranted) in the summer, furious activity followed by a wind-down in the fall.  Then, when the snow started flying, thus commenced under-the-radar planning for the next season, repositioning, et. al. Oh yeah, and a lot of snoozing. :)

I didn't know that the seasonality was spread beyond that niche...

It's really influencing Bitcoins valuation as more Greeks buy into to preserve their wealth from their national fiat and it's government's fight with EuroZone bank bosses. That btc value is bleeding over into alts aws well in my opinion.

Buy ALTs

I don't believe it's just the recent news about Greece. Yacoin has been rising for two months, so there's clearly something else afoot, like real estate bubbles flatlining in some countries.

Almost every coin is following the same basic pattern (See the 'M' mountain rage formation)

https://i.imgur.com/JpU47i0.png
https://i.imgur.com/43pJfWu.png

Bytecoin, Monero, Vertcoin, Counterparty, Monacoin there is a bit of difference

If this is case Russian agreed with Greece on Turkish stream to go over Greece what will happen now. Price may stable or go up again.