Bitcoin Forum

They are also holding at that value...

An interesting trend.  Actually did some buying before a few of them jumped... dead cat or are we seeing a recovery.

Lol anybody can become a whale with most alts and buy out the orderbook with just a few grand.  Price eventually crashes as early miners cashout and move on to the next coin. 

A few as in like 70k, 370k?

Give us some examples. There are too many to keep up with.

altcoins have no serious market cap. it's easy to realize such gains if you have a few spare bitcoins to work with. but don't compare them with btc.

Haha so funny to read this ignorance. Market cap of bitcoin is an illusion anyway.
Many altcoins are being used as money more than bitcoin. Bitcoin is just 90% speculation. There is no real value.
Even worse. 90% of all the funny internet bitcoins are owned by about 5 people. If that is the future of money we have not done well.
Altcoins are the real revolution, offering rigid, fair and scalable systems.

if this is a troll attempt, it's not funny enough

altcoin can be controlled 100% by any random users that decide to invest few penny in it, how this is better than bitcoin?

their network security is a one hell of a joke, not minimally comparable with bitcoin, and again any random dude can breach it, with 1 asic or small gpu rig

basically 99,99 are a P&D scheme, maybe i should say all of them, with some of them, be a tool for infecting others poor innocent machines

add to all this the fact that besides monero, they don't offer nothing new compared to bitcoin, just pure clone, and you can see clearly the whole point of those alt...

this once again shows that you are only trying to make bitcoin look bad. if you like altcoins then go spam the altcoin section with your nonsense.

This guy gets it

Why, only today I bought a bi curious cockatoo, villa in Grozny, incontinence girdle and paid my taxes with a combination of Wankcoin, Nyancoin, Coinye West, Paycoin, Fuckcoin, Rapecoin, Leocoin and BBQcoin (the tax office lurved the idea of a 'tasty crypto' so much they knocked 30% off the bill. Amazing.

Most alts have crashed further and harder than bitcoin during this bear phase, however as noted in OP it is interesting to see signs of them turning bullish in last month or so. Particularly ones which emphasise better anonymity.
I take it as another sign that bitcoin bear phase is coming to an end. I think in the next bitcoin bull phase many crytos will see bigger percentage gains than bitcoin.  

If they are also holding their value how come vert coin has crashed over 30% in the last 24 hours. I remember the first vert coin pump in early 2014 when it reached $7.50. A few months ago it had crashed to half a cent. How do we know history won't repeat itself?

http://s2.postimg.org/vlrnv2kbt/vert.jpg

you have to say every week! or every day

while bitcoin price is stable at 220-230 there are many altcoins that are being pumped everyday and give some people 2x, 3x, 10x profits.

which altcoins and where can i spend them?!! links or didn't happen :D

Its pretty easy to get some of these altcoins go up or down ike 100 fold ... their value if you pump say 500 to 1500 dollar on them.
Thats also the way the big traders work they put in a stash and start manipulate the price. They often pump the coins up and then sell a much larger amount to get it down alot more, after it reached a certain low enough value they add a buy option just under the price
Ofcourse most are automated by bots so there is no actual person behind the trading most of the time. 

So thats also the main reason because these coins hardly have any trading volume, coins like bitcoin and litecoin are much harder to influence.

You need a very large amount of money to be able to get btc moving long term up- or downwards, i think not many other people have enough mone besides the very rich like branson, winklevoss who would be able to move the market much.
For banks the total amount of value in the whole crypto industry is peanuts/pocket money for them, the trade volumes they have are much bigger.

Gains are fun. They're even better when you can take actual money out.

Marinecoin hit a $7 million dollar market cap a while back. On that amazing day when the marinecoin 'whales' must've felt ten feet tall, $1300 worth was actually traded.

So the major holders of that new paradigm could've extracted at least $100 each from the market before squashing it flat. Coke and hookers ahoy.

Will alts be the future currency of the world?!? NO.
You have to buy bitcoin when you want to be rich while having to do NO WORK whatsoever! Alts have been created by the criminal banksters to pull you away from THE ONE currency that will be used for millenniums!

Bitcoin is quite stable now! Many ppl are to pump and dump altcoins for bitcoin gain! probably it is the sign that bitcoin bull market is coming! As normal bitcoiner, we should hold our bitcoin firmly!

Still up insanely vs it's monthly low.


A few people just running amazing pump and dumps?

Just ignorance of the People that bought in during the pump at the mid-end phase. "it Will go back up". Not realizing that all People who bought at 100x less already left ship. Next step is a slow decline by trading bots back to the pre pump levels earlier This year. Everybody forgets, but the pumpers start buying again only to repeat the same damn thing.

Op is correct, kwuckduck is correct.

The rest displays this delusional Bitcoin-cult-behaviour with blinders on again why we all love this sub so much. lulz

There will constantly be more altcoins created - sometimes those will do something useful and stick around, or they'll have community groups and supporters that will put the effort in, but a lot will deflate and be sold to buy bitcoin.

well, this is not a new thing. but i have been seeing a bit of increase in altcoin trading market recently.
i think the reason for that is the fact that the bitcoin market is at a stable state which leads more people looking for another market with higher profits and that leads them to altcoin markets.

There are many places to invest.
You could invest your BTC in alternate crypto currencies.  In some sense this can increase your risk exposure but, it alt coins may see more growth.

Zoom out on the vertcoin graph.  You'll see a lot more.

Vertcoin still up 10x from before pump and it'll likely rebound later.

It's worked well in the past for those that were involved early, but got out early enough. 
There are organised groups who pump these coins and then dump when the crowds join in.

That some Alts are way up doesn't say a lot.  If the good alts are up, then a recovery could be happening, if all sorts of crap is up, then it's P&D!

their recent increase does not matter match, i remember when vertcoin was around 0.01, so the loss is way above the one of bitcoin

bitcoin has lost only 4/5, altcoin like vertcoin has lost 19/20

for a good comparison you should compare every coin to bitcoin since the biggest pump of 1200, not in any other way

Sure you could say that Vertcoin used to have higher highs but its still very significant to have so many gains.  There's been so much time for people to buy back in at the bottom, those people would have had immense gains.  It doesn't matter that it used to be at a higher ratio, just in the current time frame, people would have profited really well.

You could say the same thing with a pump to $300 not being very significant.  Even though we used to be at higher levels, going to $300 after a big lull in the $230's would be very significant.  Even though prices were higher before, it would result in substantial profits for people who bought in the mid 200's and also were using margin.

I haven't been keeping tracking of that many alt coins
Assuming it wasn't some giant dev news or pump and dump I am a bit curious how many micro coins there are that have the volume to exit a double to five fold profit position.

it's true, but i hate when people talk about a raise, after there was a dump, when the previous pump(before that dump), was much higher than the next pump, so one can not really talk about a raise in the end

for me the only good raise is the one that suprass the ath, all the others are only temporary recover

If you are looking from the top to now.. tsk tsk tsk tsk tsk tsk tsk tsk tsk... I don't even.. tsk tsk. (more finger shaking)


In the past month people have seen massive.. MASSIVE gains on many old alt coins..



If you're trying to make money by waiting to buy when everyone else is.. I have some bad news for you, you're going to buy at the top of a bubble again.

it is natural that people who had lost the opportunity to get on the pump train to the top, jump on that train after it started falling down. so they start buying which causes a rise back up and they call that another rise while everyone had cashed out and left the coin behind until next major pump.

you're talking about a dump that happened a long time ago.  The price has stayed low for a long time.

After staying this low its going to be extremely difficult to make new highs.  There'll be a ton of profit takers.  I think you're deluded to think that making new ATH's is that significant. 

The difference in Vertcoin's case is that it has bottomed out for a long time. 

Bitcoin is the only coin being accepted in a lot of places by merchants, 99% of alts are shit and ways for gamblers to try to make more BTC.
Nothing has "real value", only what people is ready to pay for it. Coin distribution has only begun, a lot of people already sold their coins to other people during the crash from 1k to 200 because they panicked. Bubble-burst cycles will naturally spread the coins amongst people as whales get scared until a balance is found. The true scam is fiat because they can manipulate the total supply at will, not with Bitcoin, which makes it objectively the best form of money in mankind's history.
Alts are a fucking joke except a couple of interesting projects.

Can't compare alts directly to btc in the way you do. When btc was smaller cap the swings were also bigger.