Bitcoin Forum

There is only one reason, the inflation rate of the coins are much bigger than the community can support. @FreeTrade has a good analysis how many btcs required to support a coin each day. Altcoin is a big family, money move in and out any minute, eventually they should be treated as one society. The inflation rate in this society is way too high.

so wannabe devs, please stop making new coins, you are not going to get your time of money back.if you need so many btc premine to support your expense, why don't you just buy off the entire stock of some current coins in teen satoshi level. it has pools, has exchanges, saving all your so called cost, and your time as well.

ppl, stop buying ipos, stop buying coins from those ipo investors, the ongoing demand cannot support newly issued coins, you are going to see your investment halved, and halved again and again.

pretty much , all clone coins with no real dev teams are dying and they should be.

now lots of alt with good dev team got dumped too.

lots of coins see a 20%+ crash in a single day, DGC, VERT, AUR, MEC, CSC, TAG, SXC and the list goes on.

half a billion LOT just got dumped rofl

I still believe lots of alt coins are better than btc, inflation kill them all.

cryptsy, I think you need to compare the daily deposit of BTC + LTC to the daily deposit of alt coin to decide the speed of adding new coins. The trend is killing your business.

all the new coins you added recently, just come to share the pool of btc and ltc in your accounts.

ADT takes very little btc/day to keep its price as its very close to proof of stake only !

cryptsy adding new coins in such bearish conditions is not helping. too many coins is the cause of the bear market.

Look at the long-term graph for any old coin that is on Cryptsy, they were all dying, getter lower and lower from September to November. Then you know what happened. Just sayin' :)

ie. YaCoin passed from 0.0004BTC in July to 0.00000350BTC in November, and then it ridiculously bubbled. We may be near that phase.
Plus, I believe the new asic scrypt miners will make the price go up, just like Bitcoin's value always went up when difficulty increased drastically.

no, look at merged mined ixc and dvc. btc did not go up because of difficulty increase. its difficulty increased from 1b to 4b today. the price halved.

Yes it did, but the very short-term does not really matter. We'll have to wait to see if the correlation remains.

Most alt will not,when what happend on mt.gox

Yes they then exploded due to articles in the NYTimes and Wall Street Journal etc brought new money in, now it seems the only money goes to the latest pump n dump scam...........

cryptsy plan to add new take out old will just create a cycle where only money can be made by those in and out of the new coins as quick as they can then move to the next......that game will only ever last a few rounds, too many people get burnt and leave.


thats a win lose model...that leads to a lose lose model

yet it is possible to have a win win model.

Indeed cryptos look bleak right now, but I'm sure the media is not finished talking about them. They're still in their infancy, hence the apparent risks. But I believe ;)

Seems the buyers prior to sept where from the lets pick a coin with a quality dev team behind, hold for a year or 2 and maybe we'll have another litcoin.

Since then though the new money seems to want to just be in a pump coin and if its not moving after a few days they panic.

Personally I've been buying up the older more established coins, but almost seems like I'm the only one :) fortune favors the brave ;) and did work great for me sept/oct last bear.

It is like the Cambrian Explosion of alt coins.  Only a few will survive.  https://en.wikipedia.org/wiki/Cambrian_explosion

It was still an important period for CryptoCurrency to allow this free flow of new altcoins the market is beginning to realise that if a new altcoin arrives in days weeks and topples Bitcoin or litecoin this is a disastrous situation for the whole class of CryptoCurrency and everybody in it.

I would suggest to make Bitcoin and litecoin at least 80% of your portfolio spreading your time energy and resources across 10,20 30 altcoins is completely unsustainable.

Bitcoin and litecoin are the foundation on which CryptoCurrency is built, do you all really want to see headlines "hotdog coin takes bitcoins crown" because CryptoCurrency will be come the hyper inflated laughing stock of the world"

Why mention litecoin ? Litecoin is the altcoin, future exchanges are unlikely to follow the chaotic process of having hundreds of alts maybe just the one or two.

because it is completely useless, and most of the time random

these coins ALL have no future but pump and dump.

I'm starting to consolidate towards Peercoin, myself. Have a bit of LTC still left in my wallet, but will focus more on Peercoin regardless (including exchanging some BTC that I mine via Hashco.ws for it).

why peercoin? it seems to be at the bottom, and the trading band is narrowing fast. you know what happens when trading band narrowing means to alt coin? another down trend will begin soon. look at XPM, QRK(I just use the coin at the same age). how will ppc be different?

While bitcoin was the first and has by far the best infrastructure I think it is a mistake to write off all altcoins.  Yes the present one coin per day is annoying, but that is what innovation looks like.  It is possible that a better bitcoin can come along and attract significant community support.  Once a site is built for bitcoin it is not too hard to adopt it to other coins, see for example what peerbet has done.  I would not worry about exchanges, just look at how many stocks there are, exchanges tend to handle them with ease.  However, I do think, due to network effects of developer support we'll see only a few survivors.  I think LTC is a good, but they seemed to squander their large lead versus the other coins.

Horrible choice , Peercoin is a dying coin look at the 24 hour volume.

Hodl btc and ltc and stop trying to become a overnight millionaire with crappy scam coins .

We believe the top three future alts will be bitcoin, goldcoin, and litecoin.

The interesting thing about goldcoin is that the name tests #1 with consumers among all other coins. This is highly important as the consumer will ultimately determine which coins are used in circulation.

Around 99% of the world's population has never heard of altcoins. At some point these individuals will become exposed to cryptocurrencies and will need to decide which ones to use. Peercoin or PPCoin does not test well amount these consumers. Our research indicates that newly exposed English speaking consumers will gravitate towards Goldcoin.

This is very easy to test. Just find one of your many friends that don't know about altcoins and do the test. Explain to them about cryptocurrencies and then offer to send them a few. Ask them if they would rather have 100 Goldcoins or 100 Peercoins.

If you perform the test without giving away current values, they will 100% of the time pick Goldcoin.

guess you instamined goldcoin but missed the dumping train(or got run over).

all my sympathy to you   ;D

You forget to mention the new multi-platform plugin-ready java client about to be released by the goldcoin devs.  :)

LTC is still copy-paste, who remembers tenebrix and fairbrix  ::)..what was that other shit geist gold or something. sat doing nothing for years then only saw a rise after keiser pump. joke coin, not the silver. ASIC centralisation quietly on the horizon, and it's supposed to be ASIC proof as a main attraction. Supporting LTC will be supporting the manafacturers who will sell their units at xxxx% markups.
 
Real innovations are not these flappcoin, country-gimmick coin or other shit clone flavor of the week emulating bitcoin and mined by few 15 year olds for extra pocket money,which will eventually completely reach saturation point. some will make money orchestrating these scams and some will be bagholders. the innovation is with entirely new concepts that provide brand new decentralised solutions to centralised problems in exactly the way bitcoin did.

for instance, hundreds of thousands of coins have been lost because of these centralised points of failures. Gox. BTCT, Bitfunder, GLBSE the list can go on for ever. Hundreds of millions of $'s destroyed because of centralised points of failures. With assets which offer P2P decentralised exchange built upon bitcoins distributed blockchain these are a thing of the past
of these next gen protocol layers that serve real functions, counterparty (XCP) is the fairest and here right now. It's my opinion this is the true dark horse out of current line-up.  These provide VALUE beyond short-term speculative interest. PTS, MSC, ETH are money grabs primarily and so far more talk than action. ANXT is good, with a fantastic community but the distribution model was flawed, the wealth disparity there is way too skewed

 

Completely agree. It's still very early in this space and I'm not confident in an eventual victor so I'm covering my bases and investing in all of them. Also agree with regard to Counterparty... they have a nice lead, but I don't count Mastercoin out by any means. The just released Mastercoin distributed exchange is rough, but it's really exciting to see so many people working on this problem.

That said, yesterday was a blast playing with Blackcoin... it reminded me of the easy money from the BTCT IPO days. There may be a few interesting altcoin ideas out there, but it's obvious that the alt market has mostly moved to a flavor of the week, greater fool based economy. Or, maybe it always was. :)

you obviously dont , fairbrix is a based on mutli coin where as litecoin is based on bitcoin.

and Litecoin asics offer no real advantage over gpus.

Too many newbies with no trading experience, following poor advice, desperate to become millionaires so they can quit their jobs and retire (jumping on every bubble hoping it's the next BTC/LTC). I have been trading penny shares for 6 years now and mid/late 2013 decided to diversify portfolio into cryptocoins (roughly 10%). This is 80% BTC/LTC, however I see promise in VTC and NXT (more of a punt hoping that they delivery on their promises).

Consolidation is inevitable, therefore holding more than 30% of your coins in anything other than BTC/LTC is reckless. Stock market trading is much easier as investors are rational and the markets follow trading patterns. Altcoin trading is like playing poker with 4 newbies and one whale with 80% of the chips (the 4 newbies are impossible to predict and the whale can bully you out of the game).

What do you guys think about Zerocoin and Anoncoin which are going to implement truly anonymous system? They definitely will be number one choice of black market, we all know that drug sellers and buyers are very first adopters of bitcoin. Most of altcoins are dead because they have no value of use, zerocoin or anoncoin might be different.

There is a large segment of the cryptocoin market that true anonymity will appeal to, but the average Joe doesn't care.

You think Peercoin is a "crappy scam" coin ?

This is an extremely clueless remark in my opinion.

Whatever volume statistics say, Peercoin is one of the very few alts that actually has a degree of originality behind it that would put it head and shoulders above the rest when it comes to contemplating a future cryptocurrency economy.

NXT is also trading on low volume and low price, but it's about the only alt I wouldn't even contemplate ditching right now - I don't care how low it goes. It's already justified it's marketcap simply in network services - never mind the fact that their potential is only starting to be realised by client software under development.

I agree about BTC and LTC on the basis of adoption, but jeez, if any coin justifies inheriting Bitcoin's legacy, it's definitely Peercoin, not Litecoin.

Peercoin is a scam that makes the rich richer by doing nothing .

Anyways I don't need to further explain how shit peercoin  and it's anonymous dev is , go look at the 24 hour volume.

Not just PPC is dying. Look at any altcoin - they are all falling down. Dark times have arrived for all cryptos :'(.

altcoins are just a measure of the mania.  it is a saturated market.  Sure there was a window where it made sense to mine/trade, but once the dust settles, the volume will shrivel up, there will be no more buyers and prices just implode.

This is not the first time that altcoins are dying. Only altcoins with great developer and community can survive.

Theres room for a handful of alts at best, but even combined they wont ever see anything close to 50% of BTC market cap.

BTC is the boss and its here to stay for the forseable future.

what? go back and read about tenebrix and fairbrix. this was 2 years before you get here so you probably don't have fresh memory, when artforz already pulling in coins with gpu while trying to pretend its gpu-resistant. LTC is nothing more than a clone.

and asic offer no real advantage to gpu.. lol.. maybe to small time end users that's true. But wafer cost for current gen LTC hybrid asic is 4k RMB and each chip manafacturer cost (exclude r&d come to ~0.9$ ) so of course it's so much better than GPU for whoever can produce this.. and that manafacturer can 51% it themselves if they didn't stand to lose more.

this is before taking into account efficiency and decreased power consumption. Next ASICS tape-out in June and have 3x increased performance.  As usual these company will build private mine then sell the rest at xxx% markup to shovel buyers meaning the losers are the guys who get caught buying the latest hardware to try and break even, maybe they just enjoy mining though like a hobby.  The whole point of LTC was supposed to be resistance to huge private mining operations, negating the need to buy expensive specialised hardware but the situation is worse than bitcoin and will continue to get worse and so it's just junk

One thing I think a lot of people here do fail to realize is that Yes, during a sidewayz or downtrend for BTC, alts seem to die off, but as soon as BTC starts moving up, a bunch of top tier altcoins move up a whole bunch more. Say for example, a day where BTC jumps a solid 10%, its not uncommon to see a lot of alts up 20% or more. Also, there is the "time" factor. There could be a point in time in the future where some of these Alts that have come out this year could obtain a "collectable status," especially some rare coins that lose mining ability, like blackcoin or mintcoin? Who knows really, there might be a "Babe Ruth" rookie card on your hard drive as we speak :P. 

Prices already imploded, and threads like this one (everybody Bearish) means it might be time to turn Bullish soon.

Altcoin are NOT dead. We are just seeing a consolidation phase, like we have seen already several times before in the past

Because Bitcoin is getting to a point where mining it is getting cost-prohibitive and still has an active development team, compared to the five hundred million alts that have followed since and is getting listed on more exchanges, particularly Chinese ones. I'm also starting to get to a point of getting fatigued by trying to keep up with that many clone coins, I'm choosing to just focus on Peercoin instead of wasting time and energy trying to mine new ones. That and I can't be fucked messing around with my pi miner controlling the ASICs I've got pointed at it.

Either way, go to peercointalk and judge for yourself if it is a dying coin or not.

There must be some new idea to make any or altcoins more mainstream. For sure any more clones of already existing coins doesn't help, but most of altcoins will be doing fine as long as people would be using them.

The ultimate coin will be very different to anything that exists today.

Whatever it is won't be based on the current Bitcoin client or existing protocol.

I believe there will be a separation of transaction confirmation / processing and mining at some point in the future.

No worries here, the market will correct itself as usual. As soon new wanna-be devs figure out adding bunch of new coins is not profitable, they ll stop making them. One way or another, only 3-5 alt coins can survive this race. The rest is junk.

Good time to buy, wish i had a bunch of btc right now

Another day, another shitcoin.

I think you guys need to stop adding shit to exchange. Rather than wait til them become satoshi

Talk about best time to buy, when I started the thread, I was all in btc with multiple bids 30%-50% below market price, then I wake up the next morning.  All my bids got hit, and some of them fell another 20% from my bid. Even worse, there is no dead cat bounce. It just stay at new bottom. Is it best time to buy? Or is it going to die? I am in panic mode

not yet, but very soon.

All scrypt altcoins are going to die with the next big batch of scrypt asics, as happened the last year with sha alts.

There will be rise of the Asic resistant coins for the ashes :)

I can agree with this, having bought into various coins and then seeing the ASICs and mining whales throw up huge sell walls. 

Premines, imho, seem to be successful in the short term but the reputation of poorly done IPOs is what does them in. 

What we need is PoS COINS. Not scrypt, Not Sha, Not anything besides PoS.

PoS= Proof of Stake, where No Mining is involved!

Those are the future of cryptocurrencies.

Yes there is a lot of shitcoins which got nothing to offer but there are few that have been pumped multiple times like dgc mnc which can survive asic storm, now we should focus on scrypt-jane or scrypt-n. Buy or mine coins that have future and wait for moon:D:D All that shitcoins like leaf moon lotto will fall aurora will fall, trying to earn on them is like trying to put a dick in sharks mouth, yes its exciting but you can lose some of your cock:D:D

Not all, "only" clones that promise things they can not achieve.

Those that are buying these days or are set to start doing that in next few days might laugh at this thread in few weeks  ;)

I am not buying this PoS concept. For one reason, human society does not favor socialism in the past. If you can get paid without effort, then nobody will end up working. If you want to succeed, you work harder than others. so far I am wrong with pos coins, they seems to be hold on longer than pow coins, but we will meet in the finish line. When satoshi create btc, he actually had an economic model in his mind(the distribution cycle is much better than mec or the rest), those pos, has nothing comparable.  

but not an environmental model  ::) equally pow was only a temp solution as he failed to come up with a successful distribution model.

our economy has not figured out a fair wealth distribution model yet. I bet no one can solve that 2000 year old issue(or 5000 year old depending on which civilization you want to include)

POS coins are all I go into, and I believe in the concept as a hard conservative. The reason society hasn't bought into socialistic money principals is because it is really hard to "Believe" when you deposit money into a savings account and get .01% interest a year. It's just plain bullshit.

in our real world, saving interest rate is always lower than the fiat money printing rate. In order, for the society to find a better use of the money, like investing, or consuming.

just look at how much issue FreeTrade was getting into when he use the "tax" to pay 5 CxOs 58MMC a day, without observable work required. The more coin you have, the more coin you will earn, that concept will not work with late adopters, so there will not be late adopters.

Turning on your computer and running a script to mine for coins hardly meets the definition of labor, just saying...

Busting my ass at work everyday to pay my $550/mo electric bill, and pay for $1000s in hardware is labor.

Pure bollocks.

And I'm going to work everyday and risking my paycheck to buy expensive coins with no guarantee I'll profit, how is me buying a POS coin somehow more "socialist", traders actually take the bigger risk because we don't have a little mathematical formula and website telling us what coin to buy and dump to break even on a daily basis.

No, it isn't, its called speculation, learn the difference.

let us look how bitcoin helps late adopters, when cgminer came out, gpu'ers mined all fresh coins; when asic came out, the first ones got all fresh mined coins; when erupter blade came out, the highest payer mined all fresh coins. I am not a fan of btc, b/c I think it should die now, with so many problems. but that is one thing it did right to survive.

It always gives late adopters an opportunity to beat the system.

for POS coins, where is the future for late adopters? say 4 years from now.

+1

i myself holding lots of different coins and entered 5 more today alone ... some of them were 95% down so it was a bargain, but someone else lost 95% ... i still have megacoin and it hurts, now primecoin goes downhill ...
I will absolutely not buy into ipos anytime soon and also buy at this stage into new coins only after they are 95% down from what they traded at first.
i just recommend: let all new coins untouched and let them loose that 80-98% at first before you buy in while we as a community should focus again on bringing back the better of the older coins and give those some value first before we move on to new coins.
Let's make sure good coins don't fade away because of the flood of new ones.
Also: aurora made a splash, ok. But it didn't even play out yet and we didn't even see if it is scam or fail and there are already cloned projects for other countries that will fail for that matter for sure. Because they copy something that hasn't even played out. And in the end everything fails because nothing was finished - only 1000 things were begun and nothing finished.  


also like only 50% maximum of wallets of new coins pass the malwaretest.
We should also absolutely not touch malware infested shit. It makes me sick to see malware infested shit being pumped while clean coins get dumped. This is not rational.

raise the bar for new coins! Let shit die without pumping it even once! Stop pumping and dumping coins that are not worthy to invest in! If you have to pump and dump,pump something decent at least!

+1000. The reason why btc survived so long, is because more and more developers join it.

The current add ip address and setup config thing scares away most of joe 6 packs, who wrote the bitcoin software like that and how come ppl just get used to it. bitcomet never asked me that.

It's not that we have too many alt coins. It is that we have too many useless alt coins.

We have almost 500 released coins now, it is crazy. But there have been some good ones. Like POS coins were mentioned, I really like Hobonickels, the upcoming wallet is awesome. But I'm really sick of all the copy-pasta coins that took someone a weekend to make. I don't know why people buy into Sexcoin and Potcoin and Lottocoin and all the 100's of stupid coins, but I never understood why Doge coin blew up either.

You can't stop people from making dumb coins but I sure wish they would collapse sooner that later. It has gotten to the point where you can't even follow coin development anymore because of all crap, unless you want to spend 4 hours a day going through the muck to find the diamond.

The lack of a bounce is even worse than getting behind, since every bounce gives you a chance to take small profits and lower your average cost even more.

When I'm "in too deep" and cannot simply buy more, here is what I do:
Sell ~20% even if it's at a loss and put in orders to buy back lower. Now if it goes down you improved your position (at least a little) and if it goes up (enough) the other 80% will still make money.

Recovery takes time, but you can dramatically improve a situation with several "day trades"...
It doesn't matter which direction the market moves, it just needs to move, and bounce.  :D

When 1st Sha256 Asics comes out they weren't powerfull too.
But soon their pottetial rised eg usb from 0.33Ghs to 5.3Ghs...
Same path will be with Scrypt just take them time.

I remember year ego all was talking that LTC will be ASICs free high cost ext...
And what bullshit talking all time guys be honest in reality LTC is not superrior than BTC...
10m block vs 2.5m block don't change game at all... when you have coins like BC 5-15s transactions
4x more coins who cares... Doge and others has more 500B +.
- MAIN advantage LTC was ASICs free but now we have ASICs / they will be better/cheaper no matter what you will say in future

Today LTC have nothing special over BTC in future coins like NEM, Emunie, Etherum, Exo can take it place.
LTC price is shielded by script alts then those alts will lost anouth value LTC won't be shielded and all farmers for BTC will go to LTC straight.

Some good POS systems are also interesting.

Alt without concept spaming arroud are killiing prices that is all.
Starting alts should be traded with Doge problem solved.

mining was a good idea to get cryptos started.  it made sense.  trick people into spending money into buying computers and wasting electricity to just get computers to do what amounts to "busy work" while selling the line that they are "protecting the network" while actually the majority of the computer power and electricity are not needed to protect the network. 

the way I see mining is like this.  i jump up in the air up and down lots and lots and if I am lucky, I win a lottery and a coin falls down from the sky.  i can then say "I earned" the coin by doing pointless jumping up and down and therefore the coin is worth something.  somehow... people (including myself, crying) buy into this idea.  that pointless jumping up and down makes coins worth something. 

a much better system should be designed where people are really rewarded for EFFICIENTLY maintaining a network, you know, like getting paid for doing something that was actually useful.  that is how the real world works.  so yeah, altcoins that are not providing innovation are dead.   

That's not going to happen.

because it is completely useless, and most of the time random

these coins ALL have no future but pump and dump.

O just shut up

on your request, I change the thread name to "altcoins are all dying". just look at www.coinwarz.com, I guess you are ok with the new subject name, right?

Top alts will stay, maybe even give Bitcoin a run for it's money. A bearish trend isn't really an indicator for your title. I agree with your ipo argument though

after dropping 95%, some coin was able to bottom out, some coin drop another 95%. at this time, it is true test to the strength of the community, or the depth of the dev's pocket.  :D

POS isn't totally without effort. Well, for miners at least. Zeit is a POW/POS coin that I have spent a lot of resources (effort) mining in the POW phase in order to build up a supply in my wallet to generate more coins in the upcoming POS phase.

trading sites make a percentage of trades (if they charge) weather you are trading shit for pen or dog for cat or whale for bull, they really don't care, well most of them what you are trading, they would trade refrigerators for ball caps if they could profit from it

mt gox was in the illigal drug trade business, and didn't update code when they were informed about problems, aka plausible deniability

its like those in the multi level marketing scheme, there isusually no loyalty, heck i get scammers every day telling me to join "the biggest and the best, then the next day "biggest and best, I sometimes write them back saying how can I afford to join all your scams since all of them are better than the last, you don't really have any credability.... unless credability = im a big time liar, which you have a lot of credability in...
sometimes they write back saying "I didn't ask for you to deposit $1k, or join any program, when their specific (or most) say "get in now, deposit and join....."

I was thinking more of the stockcertificate scams of past years. Invest in x # year bonds, you will get % of return, only to find out that the companies have recalled all the bonds/went bankrupt only to do more scams getting them rich.

3-5 and how many people are on the planet? That would be like billions just evaporated...

meanwhile, they can loan .07 from your original .01 deposit. Then they can charge you interest depending on your credit score, or simply say "nope can't loan to you because of your credit score". its a rigged system, did they actually ask you why your score was that bad or whatever and then offer assistance such as job finding for you so you could get the loan you might need? nope....

It does if 1 gpu = 1 person. Also pools say enter worker password, so legitimately you are working.

Legit coins are not dying.. See today's Vertcoin growth :)

potcoin is for pot which about 50 % of population uses, sexcoin is for sex as internet is for porn (look it up), lottocoin is for the people who buy lotto tickets gambling which is a sin and contributing usually nothing to society while living off welfair and handouts.

strange you are on this forum (bitcointalk) then you go on to say you are not doing anything.... The question is then how did your computer/web tv/phone whatever connect to internet and come to this site and post for you if you didn't do anything?

seems we have a physic in this forum. Strange how you evaluated every coin to date and yet post no analysis or support to support your physic abilities but only a sentence.

it is not that only human beings can be a labor. one overheated gpu is a labor too.

an day you play CoD is a day you are not making a penny.

an outdated 386 with a POS client opening on the desktop waiting for new coins to rain does not count as a labor, because it can bearly do anything at all. And I can still open 10 client window on that 386, all waiting for new coin. ;D

Hey! They are all copies of the exact @#%@@! thing. What was everybody expecting to happen?

I think lottocoin fails to deliver. the other two seems hanging around very well.

here is my thinking. because cryptos have so many 0s after decimal point, so the number of coins does not matter. 42 coins = 42m coins = 42b coins. it is not like USD has to be at least 1 penny, YEN has to be at least 1YEN. 1 coin in 42m = 100 satoshi in 42. you can always divide into the exact amount you want to spend.

now, for POS coin, the initial distribution is 100m. Everyone turn on the computer and wait for the interest payment. 1 year later, the total pool is 200m. what is the difference? 1 year ago, you have 1 coin in 100m, now, you have 2 coin in 200m. Is it not the same?

the POS theory, is like buy aapl stock at $1000, if it split 1000 times, everyone will have $1000x1000 = $1 million. no! you still have 1000. that is how much this company is worth.

Not exact.y they is something like supply / demand if you create demand eg servise only with payed with one coins eg BC...
POS system have such + that inflation goes directly to your pocket.
In coparison imagine that you are central bank you produce money.
With POW is more like today goverment/miners produce inflation those who keep money are losing them simple.
Problem with POS is only one expand user base make it popular.

Big - is that you have to be very creative to attract new people in
,while POW do it just by higher prices of coin
then miners go to coin and promote it :D mine it sell it like it was with LTC price road up...
But expensive ASICs soon will kill LTC popularity ;( no real advantage over BTC.
Aiscs will kill most of script coins vaule but time will come to LTC to ^^.

If you don't want POS with failing in value just chose Cash or BC... with low inflation not HBN +100%...
Or even quark(Zet soon) this coin is almost POS :D since is mined in 98%...

The next big thing is coming soon!  ;D Altcoins don't die - they multiply.

Hmm... You could always.. I don't know... call me crazy... but...

SUPPORT your coin. (Singular)

Most of these coins are all based off a horrible model that is living in a novelty of its own design. This is what happens when you try to ride the coat-tails of success, and then only exploit it yourself.

These alt-coins were created to pull you off other coins and scam the stupid people with pumps! Success, it worked! (By the way, you are about a year late learning that, and complaining about it.)

Those who can sell, will sell. Those who can't, keep it going. Remember, someone is buying those coins that are selling. You should have sold at the top, and you should be buying at the discounted lows. Guess who is going to get more money than you... Everyone buying now...

Stop playing day-trader. You are not a day-trader. These are not day-trading exchanges. They are barely trade-exchanges.

Try going to the actual trade-exchanges where some of these "decent" coins live. There you can play day-trader all day long! Though I doubt you will do any better, until you learn how the trade-market works.

Try flat-out investing. It's a novel idea. Trading only lowers value. Well, the way you guys trade, it makes us value. lol.

Next time... There is always next time...

I hear there is a new coin... What's it called... Hold-on, let me get my WiKi of coins list... (You knew the problem. You just refused to admit it, act on it, or do anything about it. Reality fail. Listen to your gut next time, not the troll-boxes.)

First rule in investing is RESEARCH, second rule is RESEARCH, third rule is RESEARCH... I forget the fourth rule, but it may be RESEARCH.

I don't think anyone knows what's going to happen next.

If bitcoin falls a lot of people will be stuck with massive bags of alts that have dropped 20x faster than bitcoin.

On the other hand, if bitcoin goes up those alts should go up 20x faster. Someone here said it's more like a crap shoot than stock trading. I think he's right.

Where's the Altcoin Graveyard? there might be some value in resurrection down the line...

I'm not investing into another no-name developer coin.  As far as I am concerned, they're all reskins by the same 5 or 6 people.

Weak hands will be shaken, bad developers will die, weak exchanges shall perish.

And it is a good thing.

It is such a long wait. now even ltc is lossing support

f*** it, no matter how we research, everyday it just fall like a rock. maybe it is a rock. :D

Problem is too many scamcoins

Problem is too many scamcoins. People dont trust altcoins anymore, some devs just pump n dump d coin and leave investors to their fate. Some devs r not devs nd d coin ends up dead. But its just too much

The legit coins are falling along with scam coins right now because of market confusion and panic.
They will survive and those who bought this week will be very glad later :)

The trouble is, the current wave features marketing innovation (so to speak.) That, plus the fact that there's always a grey area between marketing, sleaze and scamming, explains the annoyance. If you're tech-driven, it really takes an Adam Smith attitude ["cold esteem"] to appreciate what shrewd marketing can do. Unfortunately, sleazy marketing grates and reverberates in a way that technical blind spots don't - so the whole altcoin scene looks like something dreamed up by Internet Marketers while the marketing phase is still ongoing.

A dark day, but some good will come from it. As with technical innovations, even the Bitcoin crew will pick up lessons from the marketing phase and apply the to better-grounded cybers - including, of course, Bitcoin.

I have some experience penny-stock punting myself. One of the striking differences between alts and penny stocks is that you can help your investment in an alt by pitching in and helping the ecosystem grow. You can't do that with the stock of an established company.

Actually, investing in alts is a lot like speculating in shell companies!

It's all quite simple, actually.

Most alt-coins are worthless.

Just because someone 'makes' a coin, makes 'fancy' name for it, and people 'mine' it, it doesn't give any real value to that coin.
It's like giving out pebbles, and saying each is worth 10US$. It's not.

And with influx of so many worthless altcoins, it's hard to find any that has any real value, or any potential real value.
For same reason, majority of altcoins will still be 'shitcoins'.. and only few will manage to be worth something.

I just hope most exchanges will dump those shitcoins, and let them die, as they should.

Funny you say that since dollars are just cotton with green ink on them that someone told you was worth something. Oh and if you say it's not they'll toss you in the can.

Everyone who buys and uses them gives them value. There's no reason that a single currency should dominate the crypto-economy.

I was just talking about this to someone earlier.

Like it or not, alt coins are good for the cryptosphere.
Competition breeds efficiency and innovation, even as the ruthless Darwinian logic of the market whittles down the undeserving.

Exactly.
Dollars are just a cotton with green ink. However, you can give it value. Value that it's worth something.
And to achieve that, people need to accept it, and be willing to trade something for it.

I could just start printing some sort of currency.
Is it worth ANYTHING? No. At least not until people start using it, and give it value.


And now, real question - why should people accept hundreds of alt-coins?
Is there real value to have so many alt-coins?
I agree only one or two crypto-currencies is not good, but having too many is... simply.. too many!

Not to mention ones where one or two people just take current bitcoin code, change basically only name, put fancy logo on it, and expect it to be worth anything?
Takes more than that...

As you said - coin needs value to be worth anything.

Here:

http://www.planetdollar.org/
everyone with facebook gets 1100 coins

is that fair?

Three words people: Vertcoin and Mastercoin

These coins obviously show the most promise of all the alts. Vertcoin is scrypt-N which which is asic resistant.
Not to mention it have an awesome dev team AND a great support community. Mastercoin has innovation on it`s side.
Its was the first to usethe concept of "smart property" and is built on top of the bitcoin protocol. Also, not to mention,
they have had a ridiculous amount of funding which means people are willing to dish out big bucks to get this coin off
the ground. Although there are copycats(I`m looking at you, etherium), Mastercoin has the advantage of being the first,
just like bitcoin, which as you can see, is a big difference. ;)

-Al

Maybe something comes along and gives all these alts a reason to survive??

Some will survive and when they do, they'll be bigger then ever.  All the other coins will be traded in the LTC or doge markets only or be forgotten after a week.

You need a strong dedicated coin dev team to survive.

At least 20 alts will grow bigger long-term, imo.
The future is almost without limits.  :)

Do you think our Average Joe, house wives will use 20+ crypto coins on their phone?
Do you think Overstock will add more 20+ coins along side with Bitcoin ?

Hell no. Only one cryptocurrency will go mainstream and receive mass adoption. All altcoins will die because they have virtually no consumer, they have only hoarders and miners.

It's not that simple. Not every alt is well suited or designed to compete with btc/ltc for mass consumer adoption as a currency.

Niches
Long-tail
New opportunities
Micropayments
Fast transactions

At least 20 alts will grow bigger long-term (just watch)

That may be true but the golden question is which one?  There's so many pump and dump that many have lost faith in alt coins but the ones that will stick around, I do expect them to jump in price in the near future because people would have faith in it.

People seem to be underestimating the power of niches. The mainstream is less and less relevant, in the age of internet where anyone can belong in a myriad of subcultures. Each of them could adopt a coin and form their own small economy, it will benefit them as each new member of their subcultures will add value to the whole group.

The only way to answer this question will be in the services they begin to provide.

ALL altcoins can serve a specific need...if you desire what that coin is selling...you mine it and spend it....

No, but the Average Joe and house wives don't have 20 different models of cars in their driveways.

+1
Good point.

Over time the winners will emerge.
Now it is hard to tell (Namecoin will probably be winner)



AKA. The long tail
Excellent answer  :)

I am fairly open minded.  If you think, ten years from now, we will only be using BitCoin and LiteCoin you are either heavily invested or too optimistic to think they will be able to stay as robust as needed and nimble enough to continually incorporate new features.  Eventually those changes needed to stay out front will either not be added quickly enough, or another crypto will have already cornered the market on that needed killer-functionality.  IMHO, Doge and NXT aren't going anywhere.  Doge has too much of a cult following and NXT has a head start on the other second gen cryptos and their offspring client is sick.

Eventually Ethereum will be in play and I am excited to see what they bring to the table at launch.

All of these will have to prove their worth over time.  I could see BitCoin eventually being scooped up by the big banks and used for only major transactions between institutions. Us serfs will be stuck paying for our happy meals with Doge, McDonalds Coins, and StarbucksPoints.  :D

Bingo. A strong dev team and community. Some alt coins are slowly dying and others are swimming upstream.   But look at how popular dogecoin is and yet if you are holding them, they are nearly half the price they were a month ago. Unfortunately, so many dogecoins are mined each day,  it's hard to get that much new investment daily to at least hold it's value.

Look for alt coins swimming against the stream, and then look at their dev and community.

They're all dying, open your eyes people. It's over.

Trading 101:
They're all dying, open your eyes people. It's over. = What the masses say at the Bear market bottom.
Buy low, buy now.

This is all absolutely normal market behavior,  it follows all the normal patterns closely,  all of this is just an aspect of very open market,  invest badly,  see the results.  Long term invest in future systems see the benefits.  

NXT or NEM in my opinion is the only serious competitor to Bitcoin. It deserves to be NXT as they are the original coders, but public opinion might make NEM the winner. There is nothing else out there that has any meaningful difference to Bitcoin so why should it compete. Dark coin has anominity which is useful I admit.

+1. Or, for those who remember 2009, +676.53.

To Everyone: With the alt market whacked, you have the luxury of taking your time and doing some real due diligence. Your coin will still be there and you may even pick it up at a lower price after you've done your DD. Just take the long view and don't flip out when you find out you didn't catch the exact bottom.

I am trying to look far ahead and there is no point to tell that altcoins are all going to die.

The reason why we have altcoins and people who use them is that bitcoin is not the apogee of cryptocurrency system.

IMHO,  bitcoin was a first step to the era of crypto-monetary system and the second step was born of altcoins. I believe, the third step would be symbiosis of all best in each coin to create a new standard of coins like YES in fiat monetary system.

only 5-6 coins will remain. in a year or so

+1 add all coins with no real sustainable projects too

Unless a coin comes along with a fundamentally different model I don't see any of the altcoins rising up to the BTC/LTC level.  Most are just junk done by one or a few developers cloning the Bitcoin wallet and then trying to pump their own product.  Some at least try new algos to try and thwart the ASIC swarm but I have yet to see anything doing something fundamentally different.

I have a few ideas of my own of what should go into a truly different coin but I never seem to have time to start writing up a decent summary.

Right.. if all altcoins are just made for minting and trading, all will die finally.

Which alt coin has the most potential in your opinion? Or should we just keep LTC/BTC only?

Fluttercoin, proof of transaction.


First coin in awhile that actually brings something new to the table

The consumer couldn't care less how a coin is constructed.

Whats missing are real world applications, ready for the mass market.
Almost all devs are out there for the quick buck. Thats ok, understandable.

What I don't understand is why even those who made millions, don't throw some money at innovative new software and services.
They ALL act like the average successful FIAT tycoon after they made it.
Sitting on the big pile growing a fat ass, and FEAR loosing only 1 coin of worth for innovation.

Thankfully some have other applications; like Dogecoin. Indeed those who don't, won't prosper.
It's funny reading this OP a few weeks later when alts are still very much alive and growing.

Blackcoin and Asiacoin are thriving!

Low cost mining solutions are the future.

POS will rule the alt-coin landscape. No sense in wasting power and creating more bitcoin power death spirals.

Indeed, many coins have proved by now that PoS is viable, and perhaps even more secure than Bitcoin. There's really no sense in building a currency based around mining anymore. However, I think Peercoin has the best model, since the initial PoW phase which will last as long as Peercoin is not a bigger competitor to Bitcoin, encourages a better distribution, imo.

If AltCoins are dying, even though I think some are still doing pretty well, it's because there are so many new coins that it's becoming a joke!
My 2 cents.  :D

Darkcoin brings many new things to the table....

... 546 coins indexed on http://crypto-coins-table.com today ...

115 coins over the last 30 days

http://crypto-coins-table.com/index.php?var_action=filter_set&var_filter=new30d

Next , Blackcoin, Flutter had atleast some new ideas in it.

I really liked Nxt with new the Pos system.
But its Fubar to the Max.
I hold >200k nxt and forging takes forever and i receive 1 coin ?
this is just a joke.

Next big thing i really looking forward to is NEM.
I hope they dont redo the forging disaster from Nxt.

I think the Doge Community is pretty loyal , so doge can survive too and become more n more relevant.

All this Copycat, Country and shitcoins can die.
I dont care.

i dont believe that so many coins are what is making the market so bear. the so many coins is rediculous and cryptsy doesnt help by adding every new coin that pops up .

115 coins over the last 30 days is not sustainable.
How soon will it slow down?

It is slowing down :)
Two months ago, the less popular coins easily had market caps nearing 100000$. Now, if you look at http://coinmarketcap.com/2.html (http://coinmarketcap.com/2.html), you can see there's a lot of them with market caps in the thousands of $ and some even less. And it lists only the 250 most popular ones.

That's a good point. At some point they lose viability and mining drops to nothing and the coin dies. This will accelerate once ASICs (like the Titan) hit, concentrating mining among a much smaller pool of miners as thousands of GPU miners (like myself) drop out. A small number of miners, with a more intense interest in good financial decisions because of their capital investment, means a pretty strong reduction in the number of altcoins. Still dozens, maybe more than a hundred, and still room for good quality rollouts of new coins with some real innovation. But I expect the list of active cryptocurrencies to be smaller by the end of the year - with a ton of them lying dead along the way.

I'm looking forward to it, because I'm invested in a few of the more viable ones (Blackcoin, Mintcoin, Pesetacoin, etc.), and their value is diluted amidst the flood.

Some altcoins are dying and others are blooming.

the good thing is: the more coins are out already the less the diluting impact of new ones will be. If you have 100 coins and 10 new come in it may be an issue but if you have 1500 coins and 10 new come in you will not notice it so much.
So the flood will hurt less and less. Everything will be fine.

Unless the flood grows exponentially. It sure seems to me like more shitcoins are coming out now than ever before. Keep in mind a lot of people have invested in hardware to run mining farms, pools, multipools, etc and they have a vested interest in new coins coming out to keep mining alive.

Indeed, anyone with a big scrypt asic or two will easily be able to 51% a huge amount of those new coins, making them worthless.
Darwin predicted it; natural selection will play its part ;)

Altcoins remind me of baseball cards and beanie babies.  They're fun to play with and I want to collect them all.

While I agree that all crapcoins will eventually die off, there are a number of decent altcoins coming out that have some real potential (as they are more than just Litecoin clones).

eXocoin, NEM, NXT and NXT-L for example. All of these coins have potential and I don't think they will ever die completely like most of the Scrypt copy and paste jobs out there.

And worthless too!  ;D

Its actually sad, people collect baseball cards etc for the value itself. Altcoins are only a way to get bitcoin.

Of course not everyone but the majority. I, for one, have a long altcoin portfolio. Once I started to mine a promising altcoin I grow fond of it and refuse to dump. A big mistake in hindsight though

I don't agree. There's no reason why there should be only one big cryptocurrency, a lot of them have different advantages, different communities. That's the same thing with e-mail. Many use g-mail, but there still is a considerable percentage of people who use hotmail, the address provided by their ISP or company, TORmail or other anonymous services, some communicate by facebook messages with the e-mail address associated to it, etc.

There's enough place in the market for many cryptos, and there's definitely a place for those with PoS, ie. to use as a saving account.

eventually stupid capital will flow torwards inteligent capital.
Meaning: those people that were supporting the shitcoins of the last wave are broke now and can't afford to support more shitcoins while those who have the ability to see what is a really good coin and what not will not be broke and can continue to support good coins. Makes sense?

Well said - over time there should be a huge contraction to a few viable coins.  Will any of the current ones still be around then?  Tough to say. 

I think the better comparison is search engines - look back to the 90s and see how many there were and how bad some worked.  Over time, that market has contracted to a big few.  There are still lots out there and some come and go, but for the most part they are making enough to pay the bills.  There just aren't millions anymore and a very few got very good at what they do.

Something needs to appeal to the masses. 

If I had to bet, I would think it will be currencies that dump the idea of being anonymous and start to have some central control.  I would far rather use a coin that has names, pictures and real world information about who maintains it.  And, I suspect a lot of others would too. 

I'm not talking about making a coin that prevents users from being anonymous - but rather the people who make the coin work being well known and "dependable". 

I've been working with the Coino group for a bit - and its a perfect example of how bad things can go when a coin has a single anonymous developer.  Since the community started rebuilding it, good things are starting to happen.  The price is even up a few percent.  To me, thats better than hoping for the price to skyrocket.  Things that go up too fast are just fads.

Different coins for different folks ;)

I, for one, would never put money in a coin controlled by a central entithy; that's the reason I invested in crypto-currencies in the first place. Being controlled by a single anonymous developer is another type of centralization - the only viable way, imo, is with open-source cryptos where everyone can verify and potentially contribute to the code. The main problem with identifyable developpers, is that they could be in danger from any organization opposed to the coin, wether for economic or political reason. He could very well receive threats to add an exploit to the program, for the benefit of the NSA, or a concurrent currency, or whatever.

I think peercoin has a good developpement system, where all is open source, but there still is a genius pseudonymous developper deeply involved with the project since a long time.

Also, personally, I don't mind if masses never get into cryptos. Wether there's one million users or one billion, they still efficiently serve the same purposes. The only difference is that in the second option, I'll be rich ;)

Let's have a toast to long and sustainable growth over short-lived fads.

scam is clear now

DGC seems to have been around 1 US Cent for a long time now. I see stability here.

99% altcoins is just to pump and dump, all the killing trust in crypto

just convert some to USD now, bargain hunt later. 

In 2015, maybe most of altcoin will be dead, but some awesome coins won't die, like SJCX, MAID, XRP, STR, DOGE.

It's surprising how fast some alts die after being delisted from Bittrex.

Sure, some alt-coins must die the slow death. But there are many that can become the new internet of money in the future!

Projects like SuperNet and Internet of Coins are going to make it happen, and I think we should see many new integrations of blockchain tech coming in 2015..

I think 2014 has been great year for crypto. Lot of new crypto with unique features and use. Lot of scams too but I think scams will decline in 2015

MangoCoinz, BitBay, BC, Gems, URO, CANN, DRK, VTC are few others that have seen good progress overtime.

And the drop in 24-hour volume is even more dramatic.

and guldencoin!

Yeah...the scammers will see less scambux to be 'made' & take off for elsewhere.

Curveball: The hackers among them might take the skills they've "learned" and go after fiat portals like banks. :o If so, then cryptos will look less bad by comparison...

no one knows how to make money like the dutch...

also viorcoin!!!
new appcoins that accept bitcoin, and have a real use will grow.

all other bitcoin wannabees will die.

Volume is what scares me off.
It is lowing day by day.