Bitcoin Forum

Another idea!
What about a website where you can dump any altcoin.Just send that altcoin to that a specific address and you will receive bitcoin instantly on your BTC address!

Thats it

It's an amazing idea, you have to understand that it will be hard to setup and modify to send exactly the right amount of bitcoin/satoshi (in some cases) for EVERY altcoin on the market. I'll exercise it, so if it becomes a reality though!
Amazing idea, develop it into possibly something great!

This is the most difficult among your projects as I can guess because some altcoins are already dead and some scam coins are also in circulations but if I may ask where will the bitcoin payment comes from?

shapeshift.io

Yes this kind of attempt is very similar to shapeshift.io, the only difference is that it should have a much wider list of altcoins.

Sound like a good idea but there is one problem though, you are going to end up holding bags full of altcoins nobody wants.

You will most probably also run into problems when trying to get rid of some of the altcoins as not all of them are as tradable as bitcoin. So they might end up being worthless, or close to it, by the time you do manage to get rid of them.

AFAIK there are some of group which doing a dump and pump any altcoin.

Actually what your purpose to doing dump any altcoin?

this service is like https://shapeshift.io/#
you can read at https://shapeshift.zendesk.com/hc/en-us

he dump your coin at market

Coins will be dumped to any exchange using APIs

I have casted my vote however if a website is already doing this you can start your own as well to make it two websites  ;D

ShapeShift is limited!
CoinDumper will be unlimited amount of altcoins!

So how did you determine the price if there is no limit to sell

example i want to sell 1000 dash
in the market there are some buy wall
100dash at price 0.01
900 dash at price 0.001
???

I would have casted another YES vote for you on this but it is not possible.
People will always developed on first invention and make it better if not we would still be driving a car that was first invented and flying the aeroplane made by the wright brothers.
Go ahead Coinbuddy

your idea is great, but i think it wouldn't work - price of alts that are not listed..etc

Do you have any idea to make it work!

Need someone to be partner!

If you need a graphic designer, you can PM me :)

The problem is that you won't find volume in the exchangers to sell all the coins and you will end up losing money.

You guys are voting YES or for the project but this type of project seems to be impossible

As I told you this is the most difficult among all your ideas but if you can based the idea on coins that are old and have little exposure whereas the dev is having one problem or the other, you can set up team of people to buy up the coin from the market and help the dev to get back on course.
After the storm is over the price of such coin will or might pick up and grow rapidly then the people that invested will make some gain and your website will be bigger.
Count me in when you find this idea valuable especially if you have any problem along the way because I already have solutions to any problem that might occur from this.

If you can have and maintain a (wide) variety of altcoins, than it would be a great idea.

He must be a bill gate in order to have a wide variety of altcoins because people will just be dumping their failed coin on him.

No one will dump coins on OP. Coins will be dumped on exchanges and the OP is trying to create an easy way for people to do so.

0.000200000 btc is paying yobit for the signature campaign per post. If you get 4-5 exchanges to pay you for advertisment banner a 5*this price per day closely this sum at your project page you could establish a "buy wall" for every non listed coin...
lets say 5exchanges * 0.0002btc * 5 * 30 days = 0.150000000 btc
so if your "buy wall" for non listed coins is 1sat, you could get 150.000.000 altcoins per month
 ;D
with "make a donation" button even more :)

Sounds like a great idea, but lots of upkeep work possibly....
If you could support altcoins that haven't hit an exchange yet that could attract alot of traffic, but the issue is they're probably not on an exchange for a reason

sounds like your idea is a site that pretty much turns your altcoins into btc? if so this would be hard to create because the "dumping" requires someone to buy your altcoins and the buyer would then pay you in btc and if you dont have any buyers payment from the site would be unrealistic

why not just use an exchange?