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Title: Why all the coins are getting cheaper? Post by: gondel on March 28, 2014, 08:27:23 AM Hi
I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel Title: Re: Why all the coins are getting cheaper? Post by: crazy987 on March 28, 2014, 08:32:16 AM Because there are just to much
Title: Re: Why all the coins are getting cheaper? Post by: markm on March 28, 2014, 08:33:47 AM The vast majority of them are hideously overpriced.
The very few coins that are actually useful are being dragged down with them though too because the scammers dumping the garbage are using the very few actually useful coins to cash out their ill-gotten gains to fiat and they don't much care about getting a good price when they sell for fiat because it is faster and simpler to just clone a bunch more scams to dump than it is to wait for a good price for coin they use as their route out to fiat. For example if they use bitcoin as their route out to fiat, they don't care how cheap they sell their bitcoins since if they want more they just clone a bunch more scams. So they might as well just dump the bitcoins at any price since it is so easy to get more. If they need twice as many they can just clone two scams a day instead of only one for example. -MarkM- Title: Re: Why all the coins are getting cheaper? Post by: cryptobuddy on March 28, 2014, 08:38:44 AM Most coin devs do not have a real plan to make their coins have real practical values.
Without practical use, a digital currency become a toy for exchange/trading only. One typical example is EarthCoin. Originally, a lot of people believed that EarthCoin would initiate some business collaborations for accepting EarthCoin in purchase. Now... any business plan comes true? Title: Re: Why all the coins are getting cheaper? Post by: nagatlakshmi on March 28, 2014, 09:50:21 AM Because the coin dev don't have long plan! They want to become rich men within short period. The same coin dev release coins one after one.
Title: Re: Why all the coins are getting cheaper? Post by: Snail2 on March 28, 2014, 10:02:43 AM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.
Title: Re: Why all the coins are getting cheaper? Post by: Viscis on March 28, 2014, 10:06:35 AM Most of them are only being exchanged for bitcoins and vice versa. The price of bitcoins is dropping. Its a knock on effect.
Title: Re: Why all the coins are getting cheaper? Post by: YourMine.org on March 28, 2014, 10:16:41 AM Yep bitcoin is taking a pounding in the press worldwide, alt coins tend to drop when this happens, add in the fact it makes for fewer buyers, add in more shit coins spreading those few buyers, then add in multipools who up to now have been focused on dodge coin due to the return which is no longer profitable due to to much dumping from these pools, now we are in trouble as the next coin they mine will drop, it is a domino affect, it's going to be a rough ride all round bad times. :(
Title: Re: Why all the coins are getting cheaper? Post by: shinep on March 28, 2014, 10:19:14 AM We have like 5 new coins per day and on top of that there are IPO scams.
What would you expect from such a market? On one hand the free market will choose the good coins, but the current scene is a bit too much for even the free market to handle :) Title: Re: Why all the coins are getting cheaper? Post by: harkonnen on March 28, 2014, 10:25:17 AM Hi I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel Because bubbles are bursting. I personally don't have faith in altcoins. Faith in bitcoin alone is a big leap of faith and I don't have any extra for altcoins. Title: Re: Why all the coins are getting cheaper? Post by: shinep on March 28, 2014, 11:47:22 AM Because bubbles are bursting. I dont think the future is going to be just one coin.It has to be a combination of different coins, each with its own merits and demerits.I personally don't have faith in altcoins. Faith in bitcoin alone is a big leap of faith and I don't have any extra for altcoins. For me bitcoin is one of them and I am finding it hard to chose the rest in todays scam culture. Title: Re: Why all the coins are getting cheaper? Post by: tokeweed on March 28, 2014, 12:07:59 PM Hi I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel because when bitcoin sneezes the crypto world gets a flu. Title: Re: Why all the coins are getting cheaper? Post by: tokeweed on March 28, 2014, 12:18:09 PM Hi I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel Because bubbles are bursting. I personally don't have faith in altcoins. Faith in bitcoin alone is a big leap of faith and I don't have any extra for altcoins. funny how i seem to find people thinking this. anyway, you might want to give ripple a look. ripple has solved a lot of the issues raised with bitcoin. i recommend you to watch the video in the quote below. Quote You can see the video on this page: http://new.livestream.com/coinsummit/events/2832000/videos/46170832 Edit: its day 1 part 3 The video hasn't been edited yet so fast forward to ~13 minutes in to get past the summit cue/ad. [edit: 20:40 for me --dchapes] Here are my thoughts after watching the panel. Its short and i think everyone should watch it who has any interest in bitpay, coinbase, or blockchain.info. I had never seen any of the bitcoin people speak before this video. It was amazing to see how ripple solved already out of the box a lot of the issues that were brought up with bitcoin. What I am wondering is if its possible they don't understand the ripple protocol? After seeing this video, they should be 100% behind pushing ripple due to the fact that it solves some of the issues, but its also like a Trojan horse trying to sneak in to the original payment system. Once ripple pushes/sneaks their way into this system, the door is wide open for bitcoin' (and any other currency for that matter). After hearing Chris talk about ripples goals to get these major banks onboard the ripple protocol, it almost makes me think maybe ripple should distance itself from bitcoin. Ripple is so subtle. I don't think these guys get it even though its staring them in the face I'm this video. If they do get it, then I agree with coinseeker. They are terrified of it and are acting like the current system is acting toward the crypto revolution by trying to discredit it or hide it? Honestly this video made the other panelist look very dumb and behind the times. It reminds me of cable companies current mentality to Netflix and other content providers. I think they are already behind the times. Or ripple is so far ahead no one sees its value yet? https://ripple.com/forum/viewtopic.php?f=1&t=6304#p44419 Title: Re: Why all the coins are getting cheaper? Post by: coinerer on March 28, 2014, 12:18:26 PM Hi I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel Because of the mania of buying every new and overvalued coins and IPOs. Title: Re: Why all the coins are getting cheaper? Post by: eightspaces on March 28, 2014, 12:18:44 PM Because coins suck
Title: Re: Why all the coins are getting cheaper? Post by: FoBoT on March 28, 2014, 12:45:21 PM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. ^^^^ there are very few real development teams, the kind that work on 'real' software, ie Corporate software, doing crypto until that happens, meh maybe i am biased Title: Re: Why all the coins are getting cheaper? Post by: Amph on March 28, 2014, 01:06:07 PM because they are dying, now the buyers passed to the other side, and become miners who dump every coin to death
why buy shitclone when you can instamine them and dump asap when they hit an exchange? no brainer.. Title: Re: Why all the coins are getting cheaper? Post by: greentea on March 28, 2014, 01:10:44 PM the alt-coin bubble is popping ...
Title: Re: Why all the coins are getting cheaper? Post by: eightspaces on March 28, 2014, 01:11:04 PM the alt-coin bubble is popping ... thanks god it is Title: Re: Why all the coins are getting cheaper? Post by: bspus on March 28, 2014, 01:18:21 PM Most of them are only being exchanged for bitcoins and vice versa. The price of bitcoins is dropping. Its a knock on effect. But altcoin price is quoted in btc, so the btc price reduction in terms of fiat is already factored in. Unless you mean that a reduction in faith in btc leads to an even bigger similar effect in all altcoins. But really the reason is just that all those silly alts were made tradeable way too soon. Supply has gone massively up. Now people are trying to consolidate to whatever coins still have credibility. Thats why litecoin seems to be holding on to its usual value relative to btc. Then there is the issue with exchanges lately not being exactly trustworthy, so many people are just "cashing out" in btc and ltc proper wallets to ride the storm out Title: Re: Why all the coins are getting cheaper? Post by: SBOSS on March 28, 2014, 01:23:35 PM All those coins get raped by a few ASICs, who dump no matter the price. The issue there is that many coins are overpriced which makes it profitable for the ASICs.
As for premines like NXT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams. Title: Re: Why all the coins are getting cheaper? Post by: BTCat on March 28, 2014, 02:14:12 PM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. Then you don't know CGB. http://cgb.holdings/ https://bitcointalk.org/index.php?topic=245086.0 Title: Re: Why all the coins are getting cheaper? Post by: GigaCoin on March 28, 2014, 03:00:11 PM They are mostly scams that's why only createdto enrich its creators
The same group of people kept creating new coins all over Title: Re: Why all the coins are getting cheaper? Post by: GigaCoin on March 28, 2014, 03:02:22 PM All those coins get raped by a few ASICs, who dump no matter the price. The issue there is that many coins are overpriced which makes it profitable for the ASICs. As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams. Not sure about nxt as I haven't kept up. But IPO scams have really hurt the altcoin community, I'm pretty sure 1000BTC+ has been robbed so far from IPOs, I've always warned against them but unfortunately Greed clouded people's judgment. Title: Re: Why all the coins are getting cheaper? Post by: El Dude on March 28, 2014, 03:20:48 PM They are mostly scams that's why only createdto enrich its creators The same group of people kept creating new coins all over this. Title: Re: Why all the coins are getting cheaper? Post by: toknormal on March 28, 2014, 07:56:34 PM As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams Speak for yourself. I just put money into both of those in the last few days. IMO, NxT is one of the biggest potential growers of all cryptos. It gets more unique with every month as new functionality comes online. If you're worried about distribution then fine, but it's nowhere near a showstopper for me and a lot of the development work is now being funded by big accounts so it has its upsides as well. As for Aurora, it's at a crossroads. Icelanders are using it, it will see a great deal of network effect over there. There are already bands accepting it for merchandise, 2nd hand goods markets and TV reports about it. Iceland is a small place with capital controls and a very unpopular central bank. Aurora is potentially a match to a tinder pile. I won't be dismissing those two for sure. Title: Re: Why all the coins are getting cheaper? Post by: Coinmin on March 29, 2014, 06:22:34 AM Most coin devs do not have a real plan to make their coins have real practical values. Without practical use, a digital currency become a toy for exchange/trading only. One typical example is EarthCoin. Originally, a lot of people believed that EarthCoin would initiate some business collaborations for accepting EarthCoin in purchase. Now... any business plan comes true? Yes, it is. But let's hope for a better future. The market is waiting for his genius, which will find its way to the crypto-currency took its rightful place in the business world. Title: Re: Why all the coins are getting cheaper? Post by: coincoin3 on March 29, 2014, 06:28:05 AM They are mostly scams that's why only createdto enrich its creators You're right，People cheated more naturally reluctant to believe it.The same group of people kept creating new coins all over Title: Re: Why all the coins are getting cheaper? Post by: dailyarsenal on March 29, 2014, 06:38:23 AM Because bitcoin is falling.
Title: Re: Why all the coins are getting cheaper? Post by: cryptowho on March 29, 2014, 06:51:06 AM there gotta be some blame on "exchanges" getting hacked too. and the stupid IPOs.
Title: Re: Why all the coins are getting cheaper? Post by: openyourmind on March 29, 2014, 07:10:14 AM I think it is because Bitcoin is growing and if in the past it was more fun and less serious for now the situation has changed and people are willing to play serious game with serious toys - Bitcoin!
Title: Re: Why all the coins are getting cheaper? Post by: Swordsoffreedom on March 29, 2014, 07:51:31 AM the alt-coin bubble is popping ... It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future The rest end up cryto-trashed Title: Re: Why all the coins are getting cheaper? Post by: SimonTower on March 29, 2014, 08:00:18 AM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. Then you don't know CGB. http://cgb.holdings/ https://bitcointalk.org/index.php?topic=245086.0 And DigitalCoin too. Title: Re: Why all the coins are getting cheaper? Post by: markm on March 29, 2014, 11:00:36 AM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. Then you don't know CGB. http://cgb.holdings/ https://bitcointalk.org/index.php?topic=245086.0 And DigitalCoin too. No, not digitalcoin. The scammers behind digitalcoin do not even bother to secure their blockchain. Look at its hashing power, it is utterly pathetic. It is simply a bullshit scam trying to scam idiots into putting money into a wet paper bag to be stolen. -MarkM- Title: Re: Why all the coins are getting cheaper? Post by: harkonnen on March 29, 2014, 11:29:09 AM anyway, you might want to give ripple a look. ripple has solved a lot of the issues raised with bitcoin. I already did long time ago. And I saw no hope. Title: Re: Why all the coins are getting cheaper? Post by: fernando on March 29, 2014, 11:36:40 AM the alt-coin bubble is popping ... It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future The rest end up cryto-trashed It's happened in every new sector of economy and it will happen with cryptos. Title: Re: Why all the coins are getting cheaper? Post by: nextgencoin on March 29, 2014, 11:47:38 AM There are some dumb answers on this thread. The price is coming down due mainly to dilution of total market cap due to the growing number of alt coins. The total market cap has decreased a little but not that much so the same amount of wealth has just been spread around a growing number of coins.
I think crypto involvement has not really grown in the last 6 months as much as the media presence would suggests. I hope there is another step to come in total market cap and people invested in coins but I think it might take a currency collapse in fiat to really push that forward meaningfully. Title: Re: Why all the coins are getting cheaper? Post by: Voluntold on March 29, 2014, 11:59:40 AM I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer. Development is continually happening, and the community has been strong since day one. It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org). Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has. I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones). So yeah, I'll be perfectly happy to see all these shitcoin clones die off. Hopefully only a handful of unique coins will survive. Nxt will be one of them.
Title: Re: Why all the coins are getting cheaper? Post by: kelsey on March 29, 2014, 12:10:27 PM less bang for your coin tis called inflation :o
Title: Re: Why all the coins are getting cheaper? Post by: nextgencoin on March 29, 2014, 12:16:15 PM I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer. Development is continually happening, and the community has been strong since day one. It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org). Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has. I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones). So yeah, I'll be perfectly happy to see all these shitcoin clones die off. Hopefully only a handful of unique coins will survive. Nxt will be one of them. +1 But if you keep speaking common sense you wont be popular on here. Plus the 'unfair' mantra about IPO coins is ridiculous when you consider the whole point is for a coin to reach a mass market at some point in the future. So how fair is it that only people on this forum and in the Bitcoin community generally have all the future global wealth before everyone else??? I would argue that a NXT clone could take over NXT, I don't agree it should, but it might. NEM born out of the bitterness you spoke of could be the one. Title: Re: Why all the coins are getting cheaper? Post by: nextgencoin on March 29, 2014, 12:17:21 PM less bang for your coin tis called inflation :o Well inflation due to increased supply of coins, yes. Title: Re: Why all the coins are getting cheaper? Post by: Raxe.io on March 29, 2014, 12:42:11 PM As bitcoin value decreases so does altcoin value, because the entire market rests on bitcoin being universally accepted. A large amount of coins still have not created services to break away from Bitcoin if they did and break away their value would hold. If any coin developers need help with service creation please contact us and we would be glad to help with service creation.
https://twitter.com/RaxeSoftware contact@raxe.io Skype: raxe.io (Raxe.io Support) Raxe. Title: Re: Why all the coins are getting cheaper? Post by: lalakies23 on March 29, 2014, 12:43:05 PM Because some people are not letting the Bitcoin to just die.
Long LIVE BETACOIN! Title: Re: Why all the coins are getting cheaper? Post by: Voluntold on March 29, 2014, 12:46:40 PM I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer. Development is continually happening, and the community has been strong since day one. It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org). Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has. I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones). So yeah, I'll be perfectly happy to see all these shitcoin clones die off. Hopefully only a handful of unique coins will survive. Nxt will be one of them. +1 But if you keep speaking common sense you wont be popular on here. Plus the 'unfair' mantra about IPO coins is ridiculous when you consider the whole point is for a coin to reach a mass market at some point in the future. So how fair is it that only people on this forum and in the Bitcoin community generally have all the future global wealth before everyone else??? I would argue that a NXT clone could take over NXT, I don't agree it should, but it might. NEM born out of the bitterness you spoke of could be the one. Well I'm a stakeholder in NEM so we'll see ;D. But right now I just have more faith in Nxt because the development is so strong and it's got a big head start as far as marketing and gateways and such. Title: Re: Why all the coins are getting cheaper? Post by: softron on March 29, 2014, 01:07:08 PM I cant understand it. Maybe too many scamcoins flooding the market
Title: Re: Why all the coins are getting cheaper? Post by: YYmeans on March 29, 2014, 01:17:34 PM it is winter of coins now. looking forward to the spring come.
Title: Re: Why all the coins are getting cheaper? Post by: r32godzilla on March 29, 2014, 02:02:31 PM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. Then you don't know CGB. http://cgb.holdings/ https://bitcointalk.org/index.php?topic=245086.0 And DigitalCoin too. No, not digitalcoin. The scammers behind digitalcoin do not even bother to secure their blockchain. Look at its hashing power, it is utterly pathetic. It is simply a bullshit scam trying to scam idiots into putting money into a wet paper bag to be stolen. -MarkM- Get a clue goose. While the hashrate could be alot better, since when has DGC been forked UNLIKE a number of other coins due to not being "Secure". Shows how much you know about it. Care to explain your scam reasons? Do you even know the definition of the word? I suspect if you did you wouldn't be calling DGC a scam. Moron. DGC has been around since last May and has arguably the most services in dev out of any alts. Its just had a revamped website go live and has an upcoming core 2 update including new custom algorithm amongst many other projects. Its idiots like you that give Cryptocurrency a bad name spouting FUD and not backing up any of your claims with solid evidence. Title: Re: Why all the coins are getting cheaper? Post by: cosmoo on March 29, 2014, 02:18:01 PM Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans. Then you don't know CGB. http://cgb.holdings/ https://bitcointalk.org/index.php?topic=245086.0 And DigitalCoin too. No, not digitalcoin. The scammers behind digitalcoin do not even bother to secure their blockchain. Look at its hashing power, it is utterly pathetic. It is simply a bullshit scam trying to scam idiots into putting money into a wet paper bag to be stolen. -MarkM- Get a clue goose. While the hashrate could be alot better, since when has DGC been forked UNLIKE a number of other coins due to not being "Secure". Shows how much you know about it. Care to explain your scam reasons. Its idiots like you that give Cryptocurrency a bad name spouting FUD and not backing up any of your claims with solid evidence. Cool down bro, markm is right. With any of these coins anyone could buy a bunch of gridseed scrypt miners and overpower the network, even DGC. Though I wouldn't call it a bullshit scam, it's simply the reality altcoins trying to break into public focus have to face. We need more hashpower, as a system of monetary transfer what we have now is too risky for serious investment, this applies to all altcoins. I take his personal attack at DGC a nod of interest :) I just want a reliable coin I can use as an alternative to fiat ffs, five years after bitcoin you think that would've happened already but the competition here is rancid. too much <3 $, not enough <3 BTC The dev behind DGC does have solid business plans, but he's only one man (and a small team he got together i've heard), do people seriously expect some superhero to swoop into their lives and alleviate all their financial problems? BTC was a glorious financial fluke, I think we're seeing the more immature but lucky early adopters realize this, things have been getting more bitter around here recently. It's my money and I want it NOW! Title: Re: Why all the coins are getting cheaper? Post by: markm on March 29, 2014, 02:41:34 PM If the developer was serious about securing their blockchain they could at least have made it merged mined alongside bitcoin.
There would still be the problem of how to convince miners and pools to add it to their merge, but at least you would not be making the chain insanely expensive to secure not asking miners to abandon all their existing interests in cryptocurrency in order to undermine all their existing interests in cryptocurrency for the purpose of, what, exactly? What business plans that could work using digitalcoin could not work using bitcoin? Surely any business that could run a digitalcoin daemon on its back end could just as easily use a bitcoin daemon instead? So why not make one's business plans able to use existing currencies instead of undermining the whole concept of cryptocurrencies by not only spanwning yet another coin but also ensuring that securing it would require undermining the security of other existing coins? It seems hypocritical to complain about being undermined when your entire strategy is itself to undermine... Basically the moron made the stupid idiot newbie mistake of using an untenable system from the start. The whole concept is broken from inception. The very first consideration needs to be "how can I ensure my blockchain has more than half of the hashing power this planet is capable of generating". Using scrypt is not the way to do that. Proof of work is insanely insanely expensive. It is insane that the world is blowing as much power as it is already just to secure the SHA256 merged mined family of chains, it is even more insane to propose starting a whole 'nother such expenditure, but that too was already done by tenebrix then fairbrix then litecoin and now, even despite those idiocies, also by digitalcoin. Total moronic idiocy. Or, much more believable: deliberate scam with malice aforethought. (The forethought was long done by the time whatever moronic scammer came up with digitalcoin to make it dubious to claim they did not have the benefit of that forethought.) -MarkM- Title: Re: Why all the coins are getting cheaper? Post by: cosmoo on March 29, 2014, 03:18:29 PM If the developer was serious about securing their blockchain they could at least have made it merged mined alongside bitcoin. There would still be the problem of how to convince miners and pools to add it to their merge, but at least yoyu would not be making the chain insanely expensive to secure not asking miners to abandon all their existing interests in cryptocurrency in order to undermine all their existing interests in cryptocurrency for the purpose of, what, exactly? What business plans that could work using digitalcoin could not work using bitcoin? Surely any business that could run a digitalcoin daemon on its back end could just as easily use a bitcoin daemon instead? So why not make one's business plans able to use existing currencies instead of undermining the whole concept of cryptocurrencies by not only spanwning yet another coin but also ensuring that securing it would require undermining the security of other existing coins? It seems hypocritical to complain about being undermined when your entire strategy is itself to undermine... Basically the moron made the stupid idiot newbie mistake of using an untenable system from the start. The whole concept is broken from inception. The very first consideration needs to be "how can I ensure my blockchain has more than half of the hashing power this planet is capable of generating". Using scrypt is not the way to do that. Proof of work is insanely insanely expensive. It is insane that the world is blowing as much power as it is already just to secure the SHA256 merged mined family of chains, it is even more insane to propose starting a whole 'nother such expenditure, but that too was already done by tenebrix then fairbrix then litecoin and now, even despite those idiocies, also by digitalcoin. Total moronic idiocy. Or, much more believable: deliberate scam with malice aforethought. (The forethought was long done by the time whatever moronic scammer came up with digitalcoin to make it dubious to claim they did not have the benefit of that forethought.) -MarkM- I wouldn't rule out DGC being started by a hobbyist, if Baritus started DGC with the intent to scam people out of money it would have been premined or heavily instamined. From my interactions with him he seems genuinely thrilled with the concept of cryptocurrencies. I agree with what you're saying about the state of altcoins but these personal attacks are not really warranted. To be preemptive, if you're referring to the 560k 'theft' it is a moot point; with DGC's price history there would have been plenty of better opportunities to dump that much coin. Also the lowered block reward was done at the behest of the community, he had actually asked us earlier and everyone said no (fear of backlash like this), but as time passed and DGC kept getting dumped everyone involved changed their minds. Right now I'm mostly sitting in PPC :) but I have a fond space for DGC, it is still one of the more honest attempts at crypto. But in the end I have to agree, this whole altcoin scene is getting ridiculous. The only real 'benefit' I can see from it all is that it helps spread BTC around to people who weren't lucky to get in early. It is depressing that such revolutionary technology is being retarded with what is basically just plain greed. I'm learning a lot watching cryptocurrencies. Title: Re: Why all the coins are getting cheaper? Post by: bl0ckchain on March 29, 2014, 04:42:20 PM Hi I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something BR, Gondel Because they're all directly tied to the price of Bitcoin (BTC) To make a long story short, just load up on Goldcoin (GLD) and everything will be fine. :) Title: Re: Why all the coins are getting cheaper? Post by: williamevanl on March 29, 2014, 06:12:25 PM I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer. Development is continually happening, and the community has been strong since day one. It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org). Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has. I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones). So yeah, I'll be perfectly happy to see all these shitcoin clones die off. Hopefully only a handful of unique coins will survive. Nxt will be one of them. +1 But if you keep speaking common sense you wont be popular on here. Plus the 'unfair' mantra about IPO coins is ridiculous when you consider the whole point is for a coin to reach a mass market at some point in the future. So how fair is it that only people on this forum and in the Bitcoin community generally have all the future global wealth before everyone else??? I would argue that a NXT clone could take over NXT, I don't agree it should, but it might. NEM born out of the bitterness you spoke of could be the one. +2 NXT is the only non-clone altcoin out there. (That I'm aware of). There are a few coins that could succeed NXT is one of them. Title: Re: Why all the coins are getting cheaper? Post by: lalakies23 on March 29, 2014, 06:30:52 PM Since everybody goes of topic and tries to advertise the NXT or DGC or anything i
would like to tell you that only one is the King after the BTC and it is called Betacoin. You can make your research. Buy now or get run over by the train! Title: Re: Why all the coins are getting cheaper? Post by: snortex on March 30, 2014, 03:04:39 AM I am wondering why all the altcoins in which we trusted last year and hoping for them to go to the moon are getting cheaper it seems like a miracle needs to happen to change something Moon has become too crowded now, there is not enough space for all and newcomers are kicking the old ones out.To change the situation either a number of altcoins should significantly decrease or coin marked capacity should significantly increase. And why in every thread like this I see people promoting their favorite coins? How does this answer the question asked? Title: Re: Why all the coins are getting cheaper? Post by: wasamata on March 30, 2014, 03:24:09 AM Since everybody goes of topic and tries to advertise the NXT or DGC or anything i would like to tell you that only one is the King after the BTC and it is called Betacoin. You can make your research. Buy now or get run over by the train! forget all of those scamcoins. Darkcoin is the only one to buy. See u in the millionaire club! Title: Re: Why all the coins are getting cheaper? Post by: which2say on March 30, 2014, 03:48:23 AM That is because more and more coins, coins once more up not worthless.
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