Bitcoin Forum

seems that in 2014 there are many altcoin was created , but also. dead so many

most of them are scam , nowadays new algo can not make a coin succeed anymore

like X11 X12 X13 X14......ect
really want to know when will the altcoin all dead

or something new in 2015？

Lot of crypto have brought lot of useful things to the market but it's still not enough time to tell anything. Lets wait for 5 years and see what happens. That's more than enough time for worldwide adoption.

Truth is that lot of people coming in here as investors or scammers. We don't have buyers who use crypto to sell/purchase. If we can't get buyers in 5 years that means we'll never get buyers and crypto will die.

Mining and trading will make some rich but real profit will come when adoption occurs. I don't know many people who even use bitcoin to buy things let alone alts

They will all die when Earth will explode i think that is planed for 2017

;D

Alt coins will die when people stop mining them. Seriously, why do people even bother with 99% of these things. They're an absolute waste and they should die on launch.

Never, altcoins will keep popping out forever, and one of them statistically will defeat Bitcoin, but that could take 1000 years for all we know.

After the consumer embraces Bitcoin, they will seek alternatives. The altcoins that succeed will be those that attract the consumer.

Right, there will probably always be more altcoins.  However I sure hope that the flood of shitcoins per day is done.  I think that if one or two well thought out projects were launching per year that'd be interesting and spur innovation.  But last year's situation with a shitstorm of shitcoins was nuts and imo just confuses and waters down our community.

they are going to exist till people can earn out of them a single satoshi

Maybe some clever alt manages to hop onto
jgarzik's Bitcoin Space Satellite (http://www.coindesk.com/jeff-garzik-announces-partnership-launch-bitcoin-satellites-space/) as a stowaway..

As long as bitcoin's around I expect there will be alt coins around.

The reason so many shit alts are created is because of the amount of vulnerable idiots happy to day trade them. I love altcoins and fully believe one or two could surpass bitcoin, but the circus around us at the moment means 99.9% of them are a complete waste of time, however I can think of a few that have potential to go huge!

Hopefully because of all the scams of 2014 in alts world, people are becoming more wary and therefore the scammers are finding it hard to scam, which will hopefully mean a decline in the number of shitcoins being created in 2015. But for as long as some of you are stupid enough to pay to join pump groups and so called insider groups etc then there will always be shitcoins, the real gems out there will remain hidden and the smart people will happily and quietly accumulate!

Altcoins would be along all the time with bitcoins. A lot of people consider as possible improvements that can be made in the bitcoin protocol,
and some of the changes actually might be made.

People sold thousands of Bitcoins for a few dollars, when they could have had millions by waiting 3 years.  But did they learn anything from that?  Are they holding any altcoins long-term?  No, they just say "Altcoins will never be as big as Bitcoin." 

Bitcoin is still nothing to 99.9% of the world's population, so it wouldn't take much for another coin to surpass it. 

But people are slow to learn.  Bitcoin's price increased from less than $0.01 to over $300.00 in 5 years, and it's stayed above $300 for over a year.  But people still talk about it "crashing", because it's "only $300".  Yes, it's 3 times less than it was last year, but it's 100 times more than it was 2 years ago.  But the crowd is always big and easy to follow, so they buy high and sell low, and they give an altcoin 6 months and dump it even though it's already worth 10 times more than Bitcoin was worth at 6 months. 

What does it take for a cryptocurrency to skyrocket?  Continued existence, and not much else.  It's built-in.  More people are getting into crypto every day, and every coin will get some of those new users unless the coin stops working.     

As a coin gets more miners, it costs each miner more to get coins, which increases the price, which brings even more miners, which increases the cost again, which increases the price again.  Most people didn't realize that about Bitcoin at first, but they should have realized it by now. 

The feedback loop reaches critical mass when the number of miners increases difficulty to unprofitable levels for some miners.  Then they might start using ASICs, but it eventually reaches critical mass anyway, on a much larger scale.  Either way, some miners drop out, difficulty decreases, then miners come back, difficulty increases, and the coin finds a rough equilibrium.  Especially since multimining pools can autoswitch constantly and keep a tight reign on the difficulty (and therefore the price).

At that point, the deciding factor is the number of users.  When new coins are released, older coins lose miners, the coins get cheaper to mine, and the price decreases.  When old coins die, other coins get more miners, the coins get more expensive to mine, and the price increases.  But the number of miners overall is still increasing, so the price of altcoins overall is increasing, and there's no end in sight to the new users who start mining every day.

But the natural balance of miners and price is short-circuited when a coin is put on the exchanges too fast, before it has enough users.  That allows a few people to get enough coins that they can ruin the price by dumping their coins, and too many miners drop out at the same time.  If the price decreases too much and too fast, there aren't enough miners to jump in and keep it steady, so a lot of coins never recover.  But when a coin has the numbers of users that Bitcoin has, there are always enough miners ready for the opportunity to mine at a temporarily lower difficulty.  And when there are so many people holding a coin and selling it on exchanges, it makes it a lot harder for any one person to influence the price, no matter how many ASICs he has. 

Speaking of ASICs, why do you think Scrypt ASICs exist?  You can't mine Bitcoin with a Scrypt ASIC, and in fact you can't do anything with it except mine some altcoins.  So that's one answer to your question - altcoins will still survive at least until everyone gets their money's worth from their hardware.  And before that can happen, they'll have to stop making new hardware every day.  So it looks like altcoins will be around for quite a while. 

Its probably lack of patience to hold the altcoin for 3 years . Most of the altcoins don't have a definite future, and its like gambling.
One person holding the coin, wouldn't do him any good by the time everyone has dumped. Bitcoin was new, so people were ambiguos about it.

half of newly launched altcoin die within first month and over 90% of those dies within first 3 months of launch
so we should not worry about when they will die , we should wait for when a good one will born

Wow we have have a newbie here that actually knows whats up. I heartily welcome you.

The crappy coins going to die soon the few worthy coins will survive. Pretty much like evolution.

   ALt coins will be worth as much someone is willing to pay for them, very hard to tell when they are going away.

 I got the feeling that BTC not always is gonna be the King, what it will be, now that's the real question.   ???

They wont all be dead, a select few will survive 2014 and join all the new coins to by pump and dumped in 2015.  Overall the altmarket has been slow lately because there isn't enough money coming into the ecosystem to support all the crap coins being mined every day.  It will turn around soon as BTC gains exposure.

Bitcoin purists remind me of investors who only stick with blue chips. They feel really good about themselves: "I own 500 shares of IBM! Woohoo! I'm a smart investor! I only buy good companies!" Then year after year they watch their investment go absolutely nowhere. Do you know why? It's because they bought something that already had it's day in the sun 50 years ago.

Altcoins do have a valid purpose. They are attractive to speculators. They provide a path to BTC for miners who have aging mining equipment investments that have been largely displaced by BTC asics. They tend to spur more ongoing overall innovation than the core BTC dev team.

Unfortunately, their low hash rates and low marketcaps have hindered mainstream adoption. Hwoever, this may change with the proliferation of scrypt asics. For now, it would be perfectly reasonable to treat them as distressed assets for investment purposes.

I dont think Bitcoin will be the only digital-money only. There would be others digital-money (or altcoin) standing side by side with Bitcoin. Some of them could be.. LiteCoin, the silver of Bitcoin and Stellar.

never,, they will born a new coin of 1 coin gonna die :P

Sounds like we need a 2017Coin  ;D

there have always been a lot of new miners and bitcoiners who see new altcoins as a way to begin in bitcoin world. its just too many scam coins being launched keeps draining the industry.

While bitcoin stays at the top of the list, alts probably never gonna die. (an exception is Ltc, it is going to die)

It is impossible to stop people to create alts. Every new alt coin is going to claim that its the faster, the more secure and having the lastest tech.

LOL true. My shit coin has the latest tech because I just cloned it this morning!  :D

A cloner would probably clone it and call it TheEndIsNighCoin

In order to say something is "shit" or "hit". You have to give it enough time to grow (5+ years). Majority of alts aren't even one year old yet.