Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: CryptoStorm on March 30, 2014, 08:03:37 AM



Title: Gameover for a few coins this week it seems.
Post by: CryptoStorm on March 30, 2014, 08:03:37 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.


Title: Re: Gameover for a few coins this week it seems.
Post by: DemetriusAstroBlack on March 30, 2014, 08:12:34 AM
YAY!!!!!


Title: Re: Gameover for a few coins this week it seems.
Post by: PyroClasTix on March 30, 2014, 08:14:07 AM
Thanks for the update. Noted.


Title: Re: Gameover for a few coins this week it seems.
Post by: slavo on March 30, 2014, 08:31:15 AM
Quote
Activity: 1
Posts: 1

thanks a lot for ur bright analysis


Title: Re: Gameover for a few coins this week it seems.
Post by: CryptoStorm on March 30, 2014, 08:53:58 AM
Quote
Activity: 1
Posts: 1

thanks a lot for ur bright analysis

All I did, was point out the obvious.
I don't post otherwise. But I was expecting someone to say something about that, and wasn't wrong. :p
crapcoin defenses coming, just wait for that too.






Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 09:11:01 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.




You are pretty much correct.

This is good though in a way. There were too many lazy get rich scheme coins there.
I was once interested in Vertcoin, in retrospect, thank GOD I didn't went in.

I have Litecoin, Dogecoin, and Worldcoin.
Litecoin is down a little but stable. The recent china story development is amazing, I think it can still double.
Dogecoin up a little and stable. I think Doge has room to grow still.
Worldcoin down a little but stable. People will look back in 6mths, and ask themselves how they didn't see worldcoin coming.


Title: Re: Gameover for a few coins this week it seems.
Post by: rikkie on March 30, 2014, 09:12:39 AM
Nice list. It's good that somebody makes such a list.


Title: Re: Gameover for a few coins this week it seems.
Post by: department on March 30, 2014, 09:22:16 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.




You are pretty much correct.

This is good though in a way. There were too many lazy get rich scheme coins there.
I was once interested in Vertcoin, in retrospect, thank GOD I didn't went in.

I have Litecoin, Dogecoin, and Worldcoin.
Litecoin is down a little but stable. The recent china story development is amazing, I think it can still double.
Dogecoin up a little and stable. I think Doge has room to grow still.
Worldcoin down a little but stable. People will look back in 6mths, and ask themselves how they didn't see worldcoin coming.




I hope so.I hope now pay later can be rewarded.


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 09:34:20 AM
Worldcoin is insanely pathetically insecure, its hashing power is a bad joke, it is begging to be PWNd.

"Storing" wealth in such a pathetically insecure blockchain is insane, you might as well seek out some theives directly and hand over your money to them.

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: zhuaihdd on March 30, 2014, 10:00:04 AM
Thank you very much for updating these information, for these junk coin, I'll be far away from them.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 10:10:45 AM
Worldcoin is insanely pathetically insecure, its hashing power is a bad joke, it is begging to be PWNd.

"Storing" wealth in such a pathetically insecure blockchain is insane, you might as well seek out some theives directly and hand over your money to them.

-MarkM-


On your comment, I wonder if there is some misunderstanding on your part.

Worldcoin hashrate around 3-4Gh/s
which makes it top5 hash rates on the 'high' list of non-ASIC (highest being Lite and Doge)

not high comparing to anything ASIC, but higher than the following coins:
Quark(700Mh/s) / Mega(740+Mh/s) / Feather(2800+Mh/s) / Novacoin(1500Mh/s) / Infinite(70Mh/s)

Further, to hack a 3-4Gh/s network, you need to know a pool with over 2Gh/s, which I would like to see anyone have before ASIC comes out. (that's 2000 x R9 290x at max config)
If you want to worry about Worldcoin being hacked, you have a LOT MORE to worry before that I think.

so my conclusion was you just bashed worldcoin based on nothing?
Please avoid doing that, we really have enough trolls on this forum already.

If you worry about anycoin being hacked.. I will probably put infinitecoin on that list...
http://www.coinwarz.com/cryptocurrency/coins/infinitecoin
BUT even that, isn't easy to put a 51% attack onto, you will need 36Mh/s rate, which will be around 36 x R9 290x at max config.
I 'can' see some lunatic getting that amount of hashrate in a room packed with fans, but you need a very dedicated group to pull that off. :)


Title: Re: Gameover for a few coins this week it seems.
Post by: unent on March 30, 2014, 10:34:40 AM

Further, to hack a 3-4Gh/s network, you need to know a pool with over 2Gh/s, which I would like to see anyone have before ASIC comes out. (that's 2000 x R9 290x at max config)
If you want to worry about Worldcoin being hacked, you have a LOT MORE to worry before that I think.



When do you think the new ASIC's will come out and how high a hashrate do you think one person could get with a lot of them?

When pools started destroying coins Kimoto invented his gravity well to neutralize the threat. Is it possible someone could invent something to neutralize the threats posed by the new ASIC's?

I know Kimoto's gravity well is not perfect and people on this forum are talking about possible attacks they can make on coins using it, but it's a start at defense.


Title: Re: Gameover for a few coins this week it seems.
Post by: reRaise on March 30, 2014, 10:48:33 AM
What a bullshit thread, first of all who the f are you? What is your experience in analysing markets? Your analysis doesn't make a single sense, infact it's so bad that you look like a troll.

Also fyi quark isn't mined out, it can be mined forever.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 10:53:36 AM

Further, to hack a 3-4Gh/s network, you need to know a pool with over 2Gh/s, which I would like to see anyone have before ASIC comes out. (that's 2000 x R9 290x at max config)
If you want to worry about Worldcoin being hacked, you have a LOT MORE to worry before that I think.



When do you think the new ASIC's will come out and how high a hashrate do you think one person could get with a lot of them?

When pools started destroying coins Kimoto invented his gravity well to neutralize the threat. Is it possible someone could invent something to neutralize the threats posed by the new ASIC's?

I know Kimoto's gravity well is not perfect and people on this forum are talking about possible attacks they can make on coins using it, but it's a start at defense.

well, when ASIC is out, everyone can get them.
so people mining will also be mining on a much higher hash rate.
I will be one of the first people lining up to get a lot of them myself!

unless somehow a hacker can get his hands on ASIC before everyone does, by then the hashrate of everything will be MUCH higher,
so shouldn't need to worry about that either.


Title: Re: Gameover for a few coins this week it seems.
Post by: elambert on March 30, 2014, 10:58:42 AM
I still like Primecoin - holding strong!


Title: Re: Gameover for a few coins this week it seems.
Post by: udet4food on March 30, 2014, 11:03:36 AM
Price drop is far from gameover for a coin. Bitcoin itselves lost over 75% in a week in the past, but is still here and stronger.

What matters is hashrate, and some coins are attacked nicely...


Title: Re: Gameover for a few coins this week it seems.
Post by: Spoetnik on March 30, 2014, 11:05:02 AM
prices don't stay in a straight line on graphs get used to it.. doesn't mean the sky is falling lol

i have some VTC and i am mining it a bit because it's not pure scrypt.. blah blah asics lol
we'll see what diff that makes i guess ;)

your analysis is weak by the way and that is putting it nicely :)
and VTC's pump was not fake it WAS pumped lol ..proof is in the graphs.


Title: Re: Gameover for a few coins this week it seems.
Post by: presidentcoin on March 30, 2014, 11:07:50 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.

[/b]

0.00267555 (Cryptsy)
+1.10 %

Vertcoin has go up and not down. The Coins you tell are not crapcoin you are SPAM


Title: Re: Gameover for a few coins this week it seems.
Post by: Ibistru on March 30, 2014, 11:15:41 AM
I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

+1

Die shitcoins, die


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 11:20:13 AM
Wasn't part of the "beauty" of timewarp attacks the fact that you don't even need 50% of the hash rate of the main chain because you get "more time" to mine in by warping time so basically you get to keep on "letting the difficulty drop back down again" over and over again so you end up mining at lower difficulty per block but pouring out many more blocks, or something like that?

I thought the Aurora scam that BCX proposed to timewarp-attack had something like 3 or 4 GHash yet apparently that is not enough to defend against the proposed attack?

Also, I think a meme conjured up more hashing power than litecoin almost overnight didn't it?

Had the meme said "lets PWN all the scrypt blockchains" instead of "lets be yet another scamcoin" it could have PWNed them all, many at a time even.

So it showed how insanely vulnerable even however much hash power litecoin had was.

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: stokecrypto on March 30, 2014, 11:26:21 AM

Further, to hack a 3-4Gh/s network, you need to know a pool with over 2Gh/s, which I would like to see anyone have before ASIC comes out. (that's 2000 x R9 290x at max config)
If you want to worry about Worldcoin being hacked, you have a LOT MORE to worry before that I think.



When do you think the new ASIC's will come out and how high a hashrate do you think one person could get with a lot of them?

When pools started destroying coins Kimoto invented his gravity well to neutralize the threat. Is it possible someone could invent something to neutralize the threats posed by the new ASIC's?

I know Kimoto's gravity well is not perfect and people on this forum are talking about possible attacks they can make on coins using it, but it's a start at defense.

well, when ASIC is out, everyone can get them.
so people mining will also be mining on a much higher hash rate.
I will be one of the first people lining up to get a lot of them myself!

unless somehow a hacker can get his hands on ASIC before everyone does, by then the hashrate of everything will be MUCH higher,
so shouldn't need to worry about that either.


you need to realise that Scrypt asic is already out and has been for a while now. look at the power on wemineltc, thats no gpu farms


Title: Re: Gameover for a few coins this week it seems.
Post by: dewon on March 30, 2014, 11:41:56 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.


How about BTC ?  It has the same drop.
And all country coins are scams, being definitely dying.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 11:46:32 AM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke.  

my advise is GET OUT while you can.

[/b]

0.00267555 (Cryptsy)
+1.10 %

Vertcoin has go up and not down. The Coins you tell are not crapcoin you are SPAM

one day price up means nothing.
he quoted 7 days avg.
maybe learn to read?

I guess you are here to defend Vertcoin after that fake pump, from which if you count 2weeks, it came off 35%.
You see, the OP was kind enough not to quote 2 weeks, cause that might make your coin look even worse. but you just had to bring your 1 day gain, forcing me to reveal facts. sigh.

This is the OP's source:
http://cryptmarketcap.com/   go there, click 7days under %/price, and see for yourself.
then ask yourself who is SPAM? and don't shoot yourself, let me tell you some more.

see it this way.. sure Vertcoin did well comparing to the rest of the newer coins.
but it is already discussed that Scrypt-N means nothing with DRAM support on ASIC,
which means Vertcoin's 'only' perk is actually.. pointless..
Further, brand, Vert = green in french, who the hell will try to put wealth into a 'Vert' coin?
I will give it that Vert coin has a rich community trying to back it up, but do remember it slipped under 2mm USD marketcap before the community leader attempted to rescue it with a fake pump.
which since it is grinding down everyday.

On this, Doge does a LOT better in getting media attention, etc.
As for Worldcoin, I am just betting on their brand and developers, I do not know will it work.
But I do admire the air time they put on Radios and the fact they survived for 9mth, there's an interesting chance there.
Litecoin already made it, and will only get more famous here on.
If any of the above drop, I will put in another 5-10 BTC.

I am analyzing Darkcoin, and might put 3-5 BTC into just to see.




Title: Re: Gameover for a few coins this week it seems.
Post by: Djinou94 on March 30, 2014, 12:07:03 PM
Why XPM and VTC are scam for u?


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 12:16:00 PM
XPM is a perfectly fine botnet-coin, it seems.

It also might have some use for people who are paying for third party server machines but have nothing more profitable to consume their CPU cycles with.

Not sure though if it is the most profitable such coin. I still use it on some of my third party servers mostly through inertia. If something else would subsidise those servers better I'd like to know of it, if it is long term better not just a "right this moment if you could mature some coins and get them to an exchange" better. (I won't be actually selling any of the coins the servers mine for maybe even years yet.)

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: El Dude on March 30, 2014, 12:40:11 PM
This is great all these crap coins are dying.


Title: Re: Gameover for a few coins this week it seems.
Post by: cryptohunter on March 30, 2014, 12:45:41 PM
Only noobs would pay any attention to this thread. There are some of the strongest coins out listed in  the OP.

Coins fluctuate that much daily ever since i have been trading. Plus all alts are down on the dec pump.

Lol - yeah best get choosing some coins with more hope and better communities than  NXT, QRK. XPM, MEC

Yeah kimoto is obviously a waste of space and moronic.... i mean all other coin devs on here are way superior. The fact alone that KGW has been improved upon just proves mec is a waste of time. Kimoto is just obviously clueless.


Yeah coins that can drop 20% in a week in crypto are dead.  Have you not noticed these coins can go up 200% per day or down 50% one day and up the next. These markets are very easy to move in terms of price. Some of these coins are no longer minted. Therefore most of the minting is held as investment and only a tiny fraction goes on an exchange.
That tiny fraction is so easy to move up and down but means NOTHIING about the future of the coin or its community.


Really this thread is funny. The only people that would possibly base their decisions upon what is said in the OP are total noobs who have zero experience in crypto trading markets.


ALSO there are coins down way way more than listed in the OP in one day ..... saying down in a week makes ZERO sence either i mean some of those coins go up and down 50% in a day ... like most crypto except the most stable like btc and ltc and the very large coins hence why they are more a storage of wealth.

You can NOT judge coins with zero minting against coins that are still being minted either.

Yep game over for nxt and qrk.

Wait have you notice BTC sometimes can move down 20% in a day?  game over quick  pull all your BTC out into something that seems more trendy for it's 5 mins of fame.




Title: Re: Gameover for a few coins this week it seems.
Post by: cryptohunter on March 30, 2014, 12:47:34 PM
This is great all these crap coins are dying.

Wait i notice LTC is trending down  .......it was 48 dollars just a few weeks back now it is 13 dollars... in that time it has even been added to some of the largest exchanges in china, and still it's price is sinking....

Quick add that to the crap coin list whilst i move all my ltc out into noodleapplegoogley coins.


I just noticed all coins are dying except the new wave of shit that will rise for a few minutes before crashing as new pump and dump vehicles arrive on the scene.


It is easy to call coins crap , dying etc. Show me some coins that are better than the one in the OP. Of course aurora coin couldn't really work out too well for the reasons i have said before, but a lot of the others on there are way better than 90% of all other alts.

NAME SOME EXCELLENT COINS -  i need to tell these people selling nxt , qrk, xpm, mec just where to put their money. I mean if they are selling at these low prices where can they head to for better returns than staying where they are?


Title: Re: Gameover for a few coins this week it seems.
Post by: fpmk on March 30, 2014, 12:56:31 PM
This is great all these crap coins are dying.

Are these all crap coins?
If so, it's time to leave.


Title: Re: Gameover for a few coins this week it seems.
Post by: El Dude on March 30, 2014, 12:59:47 PM
This is great all these crap coins are dying.

Are these all crap coins?
If so, it's time to leave.

Yes don't listen to the sock puppets and look at the 24 volume .


Title: Re: Gameover for a few coins this week it seems.
Post by: jabo38 on March 30, 2014, 01:11:24 PM
I think that most of those coins are going to be going down a lot more, but I feel like NXT has a very promising future.  Lots of groundbreaking work is going on there right now.  The future is 2.0 platforms and NXT has a good chance of dominating the area, or at least becoming a big player.

Basically..... one of these is not like the others.


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 01:23:11 PM
Even if they go to one satoshi, so what, provided they retain sufficient hashing power or other means of securing their blockchains to be secure?

Mere drop in price is merely a shaking out of coins from weak hands to stronger hands unless it is due to drop in security of the blockchain/ledger or causes a drop in security of the blockchain/ledger.

GRouPcoin is not even on an exchange yet and it still has quite a bit of hashpower, so price is not particularly important once a coin gets onto a merged mining pool, except inasmuch as increases in price could lead to more merged mining pools adding the coin to their merge.

Drop in price is no reason for such pools to drop coins since merged mining costs such marginal amounts that the simple fact a secure coin is more likely to go back up in value than an insecure coin, momentary memes/hype aside, suffices to make it worthwhile not to bother dropping a coin once you have added it to your merge.

Also once you do not drop it on account of a fall in price, you have also added the cachet of the coin's miners being loyal, like wow, look how much it dropped in price yet its hashing power did not drop, that coin's miners are actually serious about securing chains instead of being fly by night bait and switch scammers scamming people into thinking a chain has a decent amount of mining while really planning all along to abandon it at the drop of a price.

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: ceric35 on March 30, 2014, 01:30:27 PM
I think that most of those coins are going to be going down a lot more, but I feel like NXT has a very promising future.  Lots of groundbreaking work is going on there right now.  The future is 2.0 platforms and NXT has a good chance of dominating the area, or at least becoming a big player.

Basically..... one of these is not like the others.
+1

And for now, price is going down because big stakeholder are selling a lot to improve distribution.
This is good news for NXT.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 01:40:27 PM

This is great all these crap coins are dying.

Are these all crap coins?
If so, it's time to leave.

Yes don't listen to the sock puppets and look at the 24 volume .

look at volume
look at 7days % change

both important
try this site
http://cryptmarketcap.com/


Title: Re: Gameover for a few coins this week it seems.
Post by: cryptohunter on March 30, 2014, 01:58:06 PM
This is great all these crap coins are dying.

Are these all crap coins?
If so, it's time to leave.

Yes don't listen to the sock puppets and look at the 24 volume .


Yeah again volume is not a HUGE indication of value :)  how can you compare volume of coins traded with zero minted coins  and those minting out billions per day. Miners tend to have to sell to pay electricity, coins that are not being mined are not essentially having to be sold. Hence you will get less volume at times of lower value than people want to sell for. The big holders of some of the already minted coins never sell. So you can say their coins are worth nothing but then again they will not sell them to you for nothing so they are worth what they SAY they are worth in that case. It is not a buyers market when there are none for sale or scarce. It is then a sellers market. If all parties are willing to hold.  Things are way more complicated that a few simple values on a chart. Also these things can be argued either way in some cases. But yes if nobody willing to buy for the prices they are asking it becomes a standoff which is what you are seeing with some currencies. Those ones will have more time to bring on services and bolster value than coins still being minted in large numbers because they do not need many buyers coming in to keep a balance.


Trading volume is not always an accurate indication of value. IF the market has huge volumes  of SELL orders at realistic prices then yes  low volume can be acknowledged.  We are also talking volumes not total value of sale orders this is another misleading variable. I often see 100BTC in coins for sale then i look in the order books and someone has a couple of million leaf,flappy,mooon at a sale price of 0.001 btc each lol. This totally throws it all out of perspective.  They need to slash off these crazy prices from the totals for sale really.  You need to look at the number of coins for sale at a reasonable price compared to the total minting.

I mean really there are so many possible factors to look at it becomes impossible to analyse .......... news is the number one factor to watch for on all coins. The tech is very important but big events non related to the coin design or sometimes not even related to the core community are the most important.

You hear tomorrow  walmart accepts only noodleyapplegoogley coins or whatever they are called, you will immediately see that coin is no longer dead it's game is far from over. A lot of big announcements come out of nowhere....then you can enjoy a seat on the rocket.

Some of the smartest dev teams are working on projects most hear including myself know nothing about. However all of  a sudden something will happen as if out of nowhere and you realise someone was working on that all along. They do not announce it since what is the point of giving other communities the change to get the jump on them.

If this OP has listed doge and knocked off aurora coin it would almost look like a reasonable investment guide of what to invest in rather than what to avoid.

Things can change so fast in crypto... there are no sure things.

Look to all the coins you see mentioned over and over and have some history. Those that often come out with new news and things that show you there is activity in the background even if it is not overly displayed in the forum.  Look for coins where the majority of holders are holding as investment not just because it is the latest trending coin that will get forgotten in a couple of weeks.

Sure it is easy to get scooped up in the hype of the latest fashionable coin.... only to realise it has no staying power.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 30, 2014, 02:24:10 PM


i respectfully disagree.

Volume is one of the PRIMARY thing I look at.
and my portfolio in crypto is currently over 150 BTC in size. (around 75,000 USD this moment)

I have NO INTEREST in buying a coin that has less than 10BTC trading size per 24hrs.
to me, if something happens, I just cannot get out in time without completely destroying the market.
this is why I never considered several coins that I won't name here for myself.

Volume is EXTREMELY important to anyone serious about Investments.
In fact, I will apply a filter of anything under 10 BTC in daily volume and not even waste time in researching it.
and I believe I speak for all professional traders in commodities/equities/bond trading as well.




Title: Re: Gameover for a few coins this week it seems.
Post by: Nxtblg on March 30, 2014, 02:29:44 PM
I think that most of those coins are going to be going down a lot more, but I feel like NXT has a very promising future.  Lots of groundbreaking work is going on there right now.  The future is 2.0 platforms and NXT has a good chance of dominating the area, or at least becoming a big player.

Basically..... one of these is not like the others.

Welcome to the strange and perplexing land of buy low and sell high. A land whose challenges and traps mean you can be right and still lose; a land where having your balls busted is the customary hazing. A land of embitterment, where cynics are the life of the party and normal people dare not go. A dark tunnel, where even the sight of light releases anxiety and disheartenment. A land as far away from popularity seeking as Hell is from God.

But the people there are quite nice...


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 02:31:44 PM

i respectfully disagree.

Volume is one of the PRIMARY thing I look at.
and my portfolio in crypto is currently over 150 BTC in size. (around 75,000 USD this moment)

I have NO INTEREST in buying a coin that has less than 10BTC trading size per 24hrs.
to me, if something happens, I just cannot get out in time without completely destroying the market.
this is why I never considered several coins that I won't name here for myself.

Volume is EXTREMELY important to anyone serious about Investments.
In fact, I will apply a filter of anything under 10 BTC in daily volume and not even waste time in researching it.
and I believe I speak for all professional traders in commodities/equities/bond trading as well.

Actually for serious finance you should also want options.

You can set up the volume you require easily in anything that has options.

Just get a put option at the volume you want to be able to exit at before buying in.

If any of the coins listed at http://galaxies.mygamesonline.org/latestrates.inc are among those you wished to see more volume in do please private message me.

I linked that page because it has some more-speculative ones than are so far incorporated into the historical tables and plots linked from

http://galaxies.mygamesonline.org/digitalisassets.html

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 30, 2014, 02:35:01 PM

I have been waiting for a week like this for a long time
there were too many crapcoins out there that ought to have died long ago.

and here's this week's list: (on cryptmarketcap.com 7day price% drop >25%)

NXT -33.15%
Aurora -88.0%      (whoa, gameover man)
Quark -26.0%      Just keeps sliding since mined out.
Vertcoin -26.7%   Was a fake pump, and everyone knew it.
Primecoin -33.6%  How it is still here already is a good question.
Megacoin -30.0%  about time this monkey show dies. KGW recently proven inferior.
YBcoin - 28.41%    This is a china coin, guess I never get to know it.
Spaincoin -64.2%   Another Joke that ought to have dispersed before it started.


If you still have any of the above, you probably best off switching to a coin that have hope.
I have my list of hopeful coins, but I know no one agrees to that. (which is fair)

though the drop of the above list is for all to see, and to be honest, an investment that can drop 25% in 7 days?
lol, you know it is a joke. 

my advise is GET OUT while you can.



Fuck you dude. Megacoin is far from dead.
Both Vertcoin and Megacoin are strong as hell, everyone should BUY THESE NOW!!!

sell DOGE, BUY MEGA, BUY VERT, if you don't you are STUPID.
Yeah, Maybe VERT pump was manual driven, SO Fucking WHaT?
I have been paid by their community to support Vert now too, so Money changes everything.


oh yeah, Quark is dead, that we know.


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 02:39:33 PM
Does megacoin even have as much hashing power as litecoin or DOGE, both of which are rather borderline themselves due to their inability to be merged mined together fragmenting the scrypt space?

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 30, 2014, 02:43:35 PM
Does megacoin even have as much hashing power as litecoin or DOGE, both of which are rather borderline themselves due to their inability to be merged mined together fragmenting the scrypt space?

-MarkM-


who fucking cares, the fact no one hacked megacoin/vertcoin or attempted so tells you it is impossible.
enough with your bullshit time warps that never happens to the top 20 coins.

Go ahead, I dare you to hack megacoin/vertcoin. But I tell you what, it WON'T WORK.
you can try all your want, but we just be laughing at your face next week this time.

If you are smart, you sell your litecoin and buy Megacoin and Vertcoin now.
they will go up like there's no tomorrow, and don't come back crying if you didn't.






Title: Re: Gameover for a few coins this week it seems.
Post by: SolidStateSurvivor on March 30, 2014, 02:46:21 PM
Wait, isn't it Game Over, NOT gameover? Just saying...

Worldcoin, pre-mine, Scharmbeck bla. bla.,  Megacoin, even more pre-mine hype. Why are these still talked about? ???


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 30, 2014, 02:51:50 PM
Wait, isn't it Game Over, NOT gameover? Just saying...

Worldcoin, pre-mine, Scharmbeck bla. bla.,  Megacoin, even more pre-mine hype. Why are these still talked about? ???


HAVE PROVE? HHHuh???

NO YOU DON"T CAUSE YOU LYING RIGHT THERE>

REMEMBER THIS DUDE> SOLIDSTATESURVIVOR, a Lying S.O.B.

You got a bone to pick, bring the proof. Else beat it.


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 03:06:02 PM
Ah well if you don't care whether anyone is hashing your toy coin good luck with that.

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: SolidStateSurvivor on March 30, 2014, 03:06:50 PM
Wait, isn't it Game Over, NOT gameover? Just saying...

Worldcoin, pre-mine, Scharmbeck bla. bla.,  Megacoin, even more pre-mine hype. Why are these still talked about? ???


HAVE PROVE? HHHuh???

NO YOU DON"T CAUSE YOU LYING RIGHT THERE>

REMEMBER THIS DUDE> SOLIDSTATESURVIVOR, a Lying S.O.B.

You got a bone to pick, bring the proof. Else beat it.

Hey! What's with the caps? (shouting). I was around when MEC was introduced, so I remember the way it went down, but if you want a more detailed analysis on the matter, here you go:

http://cryptolife.net/in-depth-altcoin-analysis-megacoin/

Quote
All told, during the first week, network hashrate reached no higher than 5MHash, and almost 6,000,000 coins were illegitimately generated. For reference, there are currently just over 18,000,000 coins in existence today (4 months later).

So, in short, it is likely that kimoto purposely botched the launch of his coin, so that he could mine it with little to no competition for almost a week, at which point he launched the coin properly. A clever way to get around the much hated premine, but having the same result in the end.


Title: Re: Gameover for a few coins this week it seems.
Post by: braytz on March 30, 2014, 03:24:32 PM
Quote
Activity: 1
Posts: 1

thanks a lot for ur bright analysis

lol


Title: Re: Gameover for a few coins this week it seems.
Post by: croato on March 30, 2014, 03:27:07 PM
Anyway, we have too much of coins on the market. No doubt some of them are better than Bitcoin, but most of them are just crapcoins.


Title: Re: Gameover for a few coins this week it seems.
Post by: SolidStateSurvivor on March 30, 2014, 03:36:38 PM
Does megacoin even have as much hashing power as litecoin or DOGE, both of which are rather borderline themselves due to their inability to be merged mined together fragmenting the scrypt space?

-MarkM-


Well, let's see, it's an easy task to dig into.

MEC
Megacoin
Exchange Rate    0.00022158 BTC/MEC
Pool Hashrate    155.63 MH/s
Network Hashrate    500.8046 MH/s
Current Difficulty    21.1119

http://www.coinwarz.com/cryptocurrency/coins/megacoin


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on March 30, 2014, 03:42:33 PM
Oh gross, not even one gigahash, pathetic.

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: toknormal on March 30, 2014, 03:47:00 PM
What a bullshit thread, first of all who the f are you? What is your experience in analysing markets? Your analysis doesn't make a single sense, infact it's so bad that you look like a troll.

+100


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 30, 2014, 04:24:03 PM



You guys will see, MEGACOIN and VERTCOIN will come back up, and you guys will be crying like babies that you didn't sell your Dogeshit for it.

that being said, most on that list 'ARE' crapcoins, those can just die.



Title: Re: Gameover for a few coins this week it seems.
Post by: Djinou94 on March 30, 2014, 04:24:15 PM
Let them die and join
Black coin 0 premine 100% POS



Title: Re: Gameover for a few coins this week it seems.
Post by: reRaise on March 30, 2014, 04:35:27 PM



You guys will see, MEGACOIN and VERTCOIN will come back up, and you guys will be crying like babies that you didn't sell your Dogeshit for it.

that being said, most on that list 'ARE' crapcoins, those can just die.



Someone put a dick in this guys mouth for him to stfu. Nobody cares about megacoin


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 30, 2014, 11:25:47 PM



You guys will see, MEGACOIN and VERTCOIN will come back up, and you guys will be crying like babies that you didn't sell your Dogeshit for it.

that being said, most on that list 'ARE' crapcoins, those can just die.



Someone put a dick in this guys mouth for him to stfu. Nobody cares about megacoin

haters will hate. just disgusting that all you thought about was a 'dick', you are special, arent u?

buy MEGACOIN and VERTCOIN.


Title: Re: Gameover for a few coins this week it seems.
Post by: Hollowman338 on March 30, 2014, 11:46:40 PM
klondikecoin will be in the ashbin soon enough.  collapsed down to ~1000 satoshis today, with a block halving set to occur on Tuesday.  Network hash is currently 70 mh/s.  Look for that to halve.  See ya.


Title: Re: Gameover for a few coins this week it seems.
Post by: andyatcrux on March 31, 2014, 12:05:04 AM
Though I am not thrilled that so few have so much to gain with NXT, I highly doubt it is "game over" for this protocal. Also, Primecoin has lost demand as has many of the older alts, but it is one of the few alts that exist that actually serves a function beyond speculation and dice playing and buying alligator meat off the internet. If you have not looked into primecoin you should. It is not easy to mine and I am not saying that you should invest in it, but it is no crapcoin and will not die. It will be CPU mined by enthusiasts at a loss if need be.

But I am sure many shitcoins are missing from this list that will thankfully die out during this period of capitulation. It is a relevant post.


Title: Re: Gameover for a few coins this week it seems.
Post by: buddynuno on March 31, 2014, 01:16:26 AM
Funny that in all of this FUD threads this so called crypto market experts always hide themselves behind a newbie username!!!

Why don't you guys start threads with your oldest account and comment on them? huh?

You know Bitcoin and Litecoin market had over 25% drop in value in the last month and I don't see anyone trashing those!!!

Seems to me you are like old ladies arguing over which of your coins are better and do almost or nothing for them to thrive!!!

The fact is that you should work to improve your coin project instead of coming to forums trashing other coins because I can tell you now that this just beginning. This is a growing industry and if you think there are to many coins in the market now wait and see what will happen in he next months!!!

There is no way to stop this growing altcoin market and to be honest i don't think people want to stop it because this stimulates new people to discover and trade in cryptocurrencys markets and they will demand more coins in the future with better development and you can do what i have suggested above and work on your coins that are already out there and develop them to better codes and features instead of launching new ones that are just copy paste clones of the previous coins you already have launched so don't come bitching your coin this and the other coin that!!!

Best


Title: Re: Gameover for a few coins this week it seems.
Post by: kache on March 31, 2014, 01:30:07 AM
well, when ASIC is out, everyone can get them.
No:
http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/


Title: Re: Gameover for a few coins this week it seems.
Post by: illodin on March 31, 2014, 01:41:28 AM
Quote
Activity: 1
Posts: 1

thanks a lot for ur bright analysis

Indeed. OP, where can I subscribe to your newsletter?


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on March 31, 2014, 02:32:15 AM
Funny that in all of this FUD threads this so called crypto market experts always hide themselves behind a newbie username!!!

You know Bitcoin and Litecoin market had over 25% drop in value in the last month and I don't see anyone trashing those!!!

incorrect.
in the last 7 days. (by USD marketcap)


BTC  down  12.10%
LTC  down  7.98%
PPC  down  20.55%
Doge down  12.15%
NZT  down  24.80%
AUR  down  80.50%  <-- I agree, this is the end for Ethnocoins.
NMC  down  12.50%  <-- all bitcoin-like coins down 12%, use this as benchmark.
PTS   down  24.64%
QRK  down  26.22%
FTC   down  16.50%
NVC  down  14.21%
VTC   down  26.30%  
XPM  down  32.28%  <-- yes, this also looks quite bad. To anyone looking.
IFC   down  25.77%
DRK  down   1.02%  <-- interesting performance there.
MEC  down   28.50%
WDC down  16.50%
Spain down  53.89%  <-- yup, confirming Ethnocoins doesn't work.
DGC  down  20.20%


So in fact, LTC and DRK did very well.
Doge maanged to stick close to BTC
FTC, NVC and WDC did reasonably good enough.

starting with PPC at 20% down is a bit disappointing..
and I agree, anything leading down more than 25%.. yikes.. becareful with it.
If I have money in these losing coins, I will concentrate back to BTC first, or stack it on to FTC, NVC or WDC hoping it can bounce back up next wave instead. I think that's what everyone is doing anyway.


You see, in cases like this, the newbie's post sounded more thought out than yours.  :)  sorry.




Title: Re: Gameover for a few coins this week it seems.
Post by: suttcoin894 on March 31, 2014, 02:51:02 AM
This time the various coin prices fell sharply, do not know this time is a point, or to sell.


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 31, 2014, 11:03:52 AM

XPM is DEAD.




Title: Re: Gameover for a few coins this week it seems.
Post by: ibfragalot on March 31, 2014, 11:32:43 AM
Aurora -88.0%      (whoa, gameover man)

Except it's now up 76.58%   ::)


Title: Re: Gameover for a few coins this week it seems.
Post by: Dervie on March 31, 2014, 11:43:55 AM
Aurora -88.0%      (whoa, gameover man)

Except it's now up 76.58%   ::)

Is it normal that a coin has daily > 50% dump or pump?

Just a trap!


Title: Re: Gameover for a few coins this week it seems.
Post by: Snail2 on March 31, 2014, 12:24:31 PM
[

AUR  down  80.50%  <-- I agree, this is the end for Ethnocoins.
Spain down  53.89%  <-- yup, confirming Ethnocoins doesn't work.


Actually this doesn't confirming anything. AUR been dumped heavily, there are a couple of suspicious stuff around this coin, and it having issues with its blockchain. So the last week confirmed that the dev isn't the most competent, may not the most honest but proved nothing about the ethno stuff.


Title: Re: Gameover for a few coins this week it seems.
Post by: rockstar888 on March 31, 2014, 12:29:05 PM
Aurora -88.0%      (whoa, gameover man)

Except it's now up 76.58%   ::)

u r retarded.

100 down 90% gives u 10
then up 70% is 17.





Title: Re: Gameover for a few coins this week it seems.
Post by: MisO69 on March 31, 2014, 12:35:06 PM
This is great all these crap coins are dying.

Are these all crap coins?
If so, it's time to leave.

Yes don't listen to the sock puppets and look at the 24 volume .

That is all I look at, the volume. Without it the coin is dead. Just look how many are dead based on low volume. Yet people are still mining them. Price is not a good indication and neither is market cap.




Title: Re: Gameover for a few coins this week it seems.
Post by: primeGPU on March 31, 2014, 04:05:18 PM
Though I am not thrilled that so few have so much to gain with NXT, I highly doubt it is "game over" for this protocal. Also, Primecoin has lost demand as has many of the older alts, but it is one of the few alts that exist that actually serves a function beyond speculation and dice playing and buying alligator meat off the internet. If you have not looked into primecoin you should. It is not easy to mine and I am not saying that you should invest in it, but it is no crapcoin and will not die. It will be CPU mined by enthusiasts at a loss if need be.
Enthusiast may mine primecoin on GPUs as well :)
Testers of our miner are doing it right now.


Title: Re: Gameover for a few coins this week it seems.
Post by: omahapoker on March 31, 2014, 05:38:58 PM
what happened to XMP?

didnt peercoin make XMP?




i'm interested in peercoin


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on April 01, 2014, 01:59:27 AM

That is all I look at, the volume. Without it the coin is dead. Just look how many are dead based on low volume. Yet people are still mining them. Price is not a good indication and neither is market cap.




finally a dude with some sense.

in fact, marketcap doesn't really mean as much as volume to me.
SURE, marketcap is an increasing value to compare between coins, however, THE TRUE value of a coin is trading volume.

which many of the coins on the list from the OP here lacks trading volume. (except Vert on that list, Vert has very healthy volume this moment, but it is also much newer, so let's see if the volume holds for another 6 months before I will consider.)


Title: Re: Gameover for a few coins this week it seems.
Post by: sudukkk on April 01, 2014, 02:32:50 AM
I think Vertcoin is not game over! and will never!


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on April 01, 2014, 03:00:38 AM

finally a dude with some sense.

in fact, marketcap doesn't really mean as much as volume to me.
SURE, marketcap is an increasing value to compare between coins, however, THE TRUE value of a coin is trading volume.

which many of the coins on the list from the OP here lacks trading volume. (except Vert on that list, Vert has very healthy volume this moment, but it is also much newer, so let's see if the volume holds for another 6 months before I will consider.)


Hmm you mean you weren't impressed with AUR's $200,000,000 USD market cap combined with the fact that simply selling as few as 25 coins could drastically alter the market on the exchanges?


~BCX~

Whatever is not Liquid in volume, is a fake Marketcap, that's what I mean.

Marketcap simply means 'you can theoretically get USD value of X', but the truth is FAR from it. Let's take NXT for example, it says it has an impressive Marketcap, but to be honest, if suddenly the market force it to cash, the real value is MUCH MUCH less, as the liquidity it quite pathetic there. and they are MERELY sustaining that marketcap cause there are not enough coins to sell...

that's in a way, forging data.

a coin will need liquidity to actually be a 'coin', whatever has not enough trading volume, is not in use, and when it is not in use, it is just a sorry excuse.
I might as well Say I have 100billion of a coin, where i got my neighbour to buy 1 coin at 10$ (causes he's stupid enough to do so) , so I have 1 Trillion market cap. :p


Title: Re: Gameover for a few coins this week it seems.
Post by: skizzneena on April 01, 2014, 03:06:24 AM
Good!

We need more consolidation.


Title: Re: Gameover for a few coins this week it seems.
Post by: HysonCorp on April 01, 2014, 03:20:49 AM
Hmm you mean you weren't impressed with AUR's $200,000,000 USD market cap combined with the fact that simply selling as few as 25 coins could drastically alter the market on the exchanges?


~BCX~

Whatever is not Liquid in volume, is a fake Marketcap, that's what I mean.

Marketcap simply means 'you can theoretically get USD value of X', but the truth is FAR from it. Let's take NXT for example, it says it has an impressive Marketcap, but to be honest, if suddenly the market force it to cash, the real value is MUCH MUCH less, as the liquidity it quite pathetic there. and they are MERELY sustaining that marketcap cause there are not enough coins to sell...

that's in a way, forging data.

a coin will need liquidity to actually be a 'coin', whatever has not enough trading volume, is not in use, and when it is not in use, it is just a sorry excuse.
I might as well Say I have 100billion of a coin, where i got my neighbour to buy 1 coin at 10$ (causes he's stupid enough to do so) , so I have 1 Trillion market cap. :p



That's exactly what happened with Auroracoin. The devs premined 50% of the coin supply, then artificially pumped up the price of a few coins on the exchange to over $100 each. They then counted the out of circulation premine as part of the market cap valued at $300,000,000 USD at peak. The truth of the matter is less than $50K USD were actually available.


~BCX~


exactly. I was in agreement with you. :)

the same goes to most ethnocoins... and apparently none of them fooled anyone anyway. :)


Title: Re: Gameover for a few coins this week it seems.
Post by: troy112 on April 01, 2014, 03:23:13 AM
Its just bad... That an innovative coin like quark have to go thorough this because of all the new pump and dump coins.
hopefully we find some good coins to compete among them.


Title: Re: Gameover for a few coins this week it seems.
Post by: snortex on April 01, 2014, 04:46:22 AM
XPM is DEAD.
XPM is back again. +40% on btc-e
What was it?


Title: Re: Gameover for a few coins this week it seems.
Post by: Nxtblg on April 01, 2014, 08:36:39 AM
Looks like people here are discovering the difference between value at the margin and total value. Yes, "total market cap" is a problematic metric especially for a low-volume and illiquid coin. Old news for a penny-stock hound like me  ;)


Title: Re: Gameover for a few coins this week it seems.
Post by: coin-ninja on April 01, 2014, 09:25:48 AM
New coins should be finding and hitting their niche market at the right time, but it seems all these coins are targeting this feedback loop for bag holders and that's unsustainable. Nobody needed doge or Bitcoin when they first came out, they got through on allure alone. I think the desire for instant widespread distribution from hungry hashers is dooming the alt-coin market making anything we touch turn to shit before the would-be real market has a chance to experience it. The coins laying low waiting to pounce are the ones to watch.


Title: Re: Gameover for a few coins this week it seems.
Post by: markm on April 01, 2014, 10:15:16 AM
New coins should be finding and hitting their niche market at the right time, but it seems all these coins are targeting this feedback loop for bag holders and that's unsustainable. Nobody needed doge or Bitcoin when they first came out, they got through on allure alone. I think the desire for instant widespread distribution from hungry hashers is dooming the alt-coin market making anything we touch turn to shit before the would-be real market has a chance to experience it. The coins laying low waiting to pounce are the ones to watch.

For miners though the trick is to mine them before they pounce, because once they pounce their difficulty will skyrocket massively.

Look at I0Coin and GRouPcoin for example, they laid low a long time giving miners plenty of time to mine as many as they wished at low difficulty, then POW, suddenly I0Coin is back on Bitparking's merged mining pool and is thus difficult to mine again for small miners, and mmpool also picked up GRouPcoin for the first time at the same time so now GRouPcoin also skyrocketed in difficulty.

Plus since of course responsible exchanges do not list coins that do not have huge difficulty now that their difficulty and thus their security has skyrocketed I0Coin is already back on at least one exchange and GRouPcoin is on the "vote for it if you want us to list it" queue of at least one exchange.

Meanwhile CoiLedCoin and GeistGeld continue to lay low, for any miner who wishes to mine a nice hoard at low difficulty before they too "pounce".

-MarkM-


Title: Re: Gameover for a few coins this week it seems.
Post by: primeGPU on April 01, 2014, 11:26:21 PM
XPM is back again. +40% on btc-e
What was it?
GPU miner is out for XPM.