Bitcoin Forum

Guy, once i come to cross one altcoin that has higher price than bitcoin last December! Russian Miner Coin (RMC). $48k in price 2x plus higher than btc last December. Does anyone of you know this coin? Maybe its a good time to buy and hold this coin. If history repeat well have a big chance to earn big.

I think it is difficult to repeat history, because of RMC the tokens, without any meaning, just a hype, so I want to present investment it is not a very good choice, but you will face a lot of risk.

I agree, i think it's only because of the hype. And higher value doesn't always mean higher profit. As far as the graph shows, the price of RMC Tokens are extremely volatile, knowing when and when it'll have a sudden increase would be difficult.

there are many coins that exceed the bitcoin price, but they can not last long and the rise is just a temporary pump. if you want to buy it then consider again, because there are many coins that are better than rmc.

I was not aware of RMC before this post, thanks to OP for sharing this.
I see on Dec 5, 1 RMC was equal to 2.388 BTC, thats insane.  :o

Man, this coin has market cap $7.3 million, it s nothing in terms of crypto.
As hey have very small supply, the price is so high.
Mostly possible that in December it was just pump, and nobody knows whether we will see it again or not, so I wouldn't buy this coin.

Bitcoin has always been ahead of time, so there is no question of turning back. To reach the level of bitcoin at the moment, another coin will take a long time.

Well, I suggest you take a look at the price of Zcash in the first few days after launch then ;)

Especially on Poloniex, before it got listed on coinmarketcap.

https://poloniex.com/exchange#btc_zec



In other news: there might be other important metrics than just price per coin when it comes to evaluating the value of a cryptocurrency, but what do I know...

History will always repeat itself.  OP hasn't heard of 42 coin yet? its still worth $27K even today https://coinmarketcap.com/currencies/42-coin/

Even if the price of other coins are worth more than BTC, its doesn't make them the king. Of course I don't expect you to know 42coin because its still ununderdog even with such price. The volume speaks it all, the popularity of BTC is just priceless.

Not many people know about that coin like me. The price higher do not mean that this coin is bigger but the position depends on the marketcap of the coin. Bitcoin has the bigger marketcap and it is on the top.

    The  bitcoin has already a roots in crypto market compared to other coins. There are a lot of good and potential altcoins but it is far from bitcoins value and demand. Maybe RMC has just a temporary pump but it will not last long.

In 2018, Bitcoin will still be the crypto that has the highest exchange rate in the market, and no crypto can pass. At present, the exchange rate of the market is showing signs of recovery and investment in the current BTC is encouraged. Please invest in BTC then hold for at least 6 months.

LOL. You really think that RMC has chance to be able to replace BTC? Just take a look at trading volume of RMC on coinmarketcap and you'll know the problem and the reason why this cryptocurrency never can replace BTC in the future although its price can be $100k :)). Trading volume of RMC is just about $15k. LOL. Beside RMC Marketcap is much lower than BTC so is there any chance for this shitcoin?

I know sometimes history repeats, but in case of Bitcoin- i don't think it happend. Bitcoin is the king of crypto which you already mentioned in question, so king is always a king. Many coins came and gave competiton to bitcoin, but after few months they goes down (still bitcoin stays at same position). These coins price's are just temporary and crypto need permanent price like Bitcoin.

Smile, I concur with you and understand the simple analysis you just gave in a nutshell. The coinmarketcap is the best answer to this question.

It's another shitty coin
https://coinmarketcap.com/currencies/russian-mining-coin/
only 10k coin for total supply and ther's around 2k coin on circulating supply. The recent price was no more than 5k and i guess what a horrible thing i have ever seen. It's not a good coin to buy.
you can try to choose another coin to be your portfolio.

The king can’t be replaced even after 50 years from now. Bitcoin is the center of blockchain technology and cryptocurrency, nothing else. The price of those coin only reflects on its supply and not on demand side. That’s why it will never be as popular as any other coin. I can’t see myself investing with those kind of coin today or even in the future.

It was merely a temporary pump only. technology owned by the RMC will not be able to make it survive for a long time. What is owned by bitcoin more could make it can survive despite many cryptos that exceed its price. In addition with a larger demand also then bitcoin will still be better than the other crypto.

The higher price doesn't mean that it had overcome BTC, you also need to check the transactions volume, and the support from the investors, I know there are several coins that was more expensive than BTC, but that didn't last long, and the price drop drastically, so for me Bitcoin still number one and irreplaceable by other coin until now

You don't know what are you saying. This coin has a high price than Bitcoin because because it only has 1500 coin or supply, so there is a chance that it will gain more value even with low trading volume. But the thing here is it only has small volume for this coin, and I think the reason why last year it reached $23000 is some whales pumped this coin, and just to correct you, it never reached $48k, take a look at chart history on coinmarketcap. I don't see any reason to invest on this coin and I think it is a big risk to invest on it that only has low volume, remember that whales can manipulate the price of this kind of cryptocurrencies. While only few exchanges have list of RMC. It's a big no for me.

Indeed replaced, that kind of coin is nothing but a pumped one just to make sure they implicate people around them. Go through the CMC, you will understand that coin is a joke

They can bet the price of bitcoin with a pump, but since noone cares about those coin (volume) the price will fall shortly.

Bitcoin is the first coin present to be a coin present in Cryptocurrency. so Bitcoin has a fairly high level of confidence and becomes a reliable coin that is very capable to take precedence in the future. so Bitcoin can be said king of all coins.

Bitcoin cant be easily replaced  by any coins, yes there are a lot of coins  with high value but it doesnt mean it has already potential in the market, its quite risky investing a coin without knowing its history better to research first before taking any actions,Bitcoin is Bitcoin deserves to be number 1.

i don't about RMC and if it reached $40k then why it is not famous in crypto currency like BTC, cryptocurrncey loves know very well about BTC but more proles don't abot RMC, if it is ture then good time time to invest now

I agree with you when there is a coin that has a higher price than bitcoin it did not last long.
bitcoin remains number one. bitcoin is the coi of the future
with good price and inveatasi so many investors prefer bitcoin over other coins

I have never heard about the coins. However, thanks for the information you provide. I will immediately check the coins. I really was in need of reference coins fit for hodl till the end of the month. Maybe this could be a valuable input for me.

There are many coins in market but you need to choose the right one based on facilities and reviews also this types of coin like RMC is just creating a hype nothing else also we cant ever compare with btc because of its profit and value also future so before invest think again.

I consider such rare incidents as accidents and I think you should rely much on such rare events. Beside as much as I know I don't think RMC is worth investing. Do your own research if you really want tto invest there.

 instead of going with the flow created by the hype, we need to think strategically and need solid proof before taking any such initiatives. Seeing the reviews is an important thing to see the generalized opinion about the coin instead of judging it on the hype created to generate investors. 

I have seen one who is almost like that in Yobit. Registered there then hyped for like 5 minuted and then baam it falls to hell.

There will be no such thing that can be higher than bitcoin. It will just happen because of a hype.
Think deeply. How could any coin be above bitcoin when they are all just copies of it?

If that happens then be ready. This ship might be sinking and all of the crypto currencies will go with it. Say goodbye to online currencies. Back to USD.

It is just temporary, i mean to say these prices are only came in temporary list. They just hit for sometime, but Bitcoin has gret stability. Nobody can compete it or it's price. We have to wait for that time when history again repeat. Also, bitcoin price now go to $30,000 in december 2018, it is confirmed by many great experts.

Isn't popular and for sure that hype will only give you loss once you are investing on it. Investors will never look into hype coins, instead they look for a certain coins that will stay for long and potentially profitable. I won't see any good about RMC even its price will x3 or more.

Although history has recorded it well, historical reality cannot grow the RMC value, because every coin's strength lies in the number of active communities behind it. While every existing community's more inclined to buy coins that are trending, so is very likely if RMC will be a coin left behind.

This is the first time I am coming across such an information, and as much as I'm trying to believe it, I just cant. Maybe it did happen for a few minutes and later dropped. Now what does that say about the coin if it couldn't even stay several days above bitcoin. I don't believe bitcoin can be replaced please, at least, not so easy. These coins have to do more than just existing.

The actual use of RMC is not very prominent, and most of its price comes from hype. I think such a coin is not suitable for purchase again. There are a lot of new coins available for purchase now, I suggest you can observe more!

There were other Coins that had a higher price than Bitcoin. As an example 42 Coin. But unfortunately that says nothing. Usually these were just pumps and dumps and as e.g. 42 Coin is nothing behind it. That's why I would not give anything on such a thing and therefore not to invest in such a Coin. So do not be blinded by the price and do not waste your money on something like that.  ;)

Well, according to coinmarketcap, there are four coins right now with a higher value per token than Bitcoin:

BTWTY, NANOX, 42-coin, BITBTC.

So, I guess Bitcoin is already replaced ;D

Also the same way as we are not seeing the history of Bitcoin in 2017 repeats, we are not sure that any other cryptocurrency will repeat that peak., and so we cannot use that as a pattern that every year we will find something like this

I think what you mean by replacing bitcoin is that the total market value exceeds the bitcoin value, but this can only be done in a short time.
I don't think any token can replace bitcoin for a long time.

its the price that is higher than bitcoin but not for the total market cap. bitcoin dominate it for many years with a high gap. if it can spot number 1 rank even once then it replace bitcoin once.

This RMC seems to be some kind of a joke. Russian miners were having fun while emitting this token))) what a surprise it was for them when some people bought it at these sky high prices!)) the coin’s market capitalization is tiny, it is not worth discussing.