Bitcoin Forum

Look at http://coinmarketcap.com/

Lots of money pouring into alts due to this ridiculous blocksize debate. 

Needs to get fixed soon. 

Correct. The more fighting and discussion there is the lower the price will go. Hopefully we will not have to see an altcoin taking over Bitcoin's capitalization for a change to happen.

On the other hand you can see the present situation as a good buying opportunity. If a consensus is found and Bitcoin does not fall apart that will be a massive catalyst for a bull run.

I think it is unrelated to that. The coins have been near their all time lows for several months now, which was perfect for accumulation.

The recent Ether pump attracted a lot of altcoin investors again, which are now flocking to the pumps of the alt coins.

I wouldn't be surprised if most of the pumps are pre-planned by people that hold a decent amount.

If I was the crazy alt coin person, I would notice to just hold the only coin barely trying to get known to the public.

And see if it blows up, then I`d start with the whole other realm of other named coins to get the same chance. I got based on data - proven, not by hope lol.

doge up over 90% in the last 24 hours. Totally sustainable growth, I'm sure.

it is to pump those trash altcoin, when you get the heavy stagnation in bitcoin, i've seen this other time, they have a worse volume, and they were heavily instamined at the beginning, if you think otherwise you're a fool, especially for doge, because i was ther einstamining too...

so not a surprise that they can be pumped at random with mroe than 100% of the value

Maybe it's because most people lost their altcoin side bets on cryptsy and are now try to replace them elsewhere?

Nope..

It's just 'Alt Coin' season. Traders on site I that I subscribe to been going on about it for weeks, and well in advance of them all taking off.....I personally never jumped at the chance to start doubling and then quadrupling my BTC though....I only like to fight battles that I am going to lose. I have stuck with Short Stop Running, Manipulated by the Market Makers Bitcoin.

I have no idea why the post Christmas/early new year period is Alt Coins season, but it is....some theoeries about of 'Little Johnny Geeklord' just having been given a $500 bung for his Christmas, and gets a bright idea about how to make a mint with it, thus rampers start pumping Alts, which attracts Little Johnny and others like him to pile in.....

.....quite insidious really.....taking advantage of the naive and stupid, but then that is markets in general.

I'm glad i see rise of Altcoins. I believe we can see again new good projects and ideas.
Go back to alts and take share of cake!

About time, havnt seen this type of volume in the alt markets in about a year... Nice change of pace. To bade none of them are my coins ;) yet.

I never heard of Infinitecoin & Xiaomincoin, but they're up atleast 150%....Good times for those alt-coins lovers.

I didn't bother to look at the other 100 shit alt-coins at the 2e page.

shitcoins everywhere and people with blind faith will keep raising it up. they're only useful at the start of their life, and they're also useless at the start of their life.

It has been a long time since any altcoins have really taken stage and DOGE is now above 100 wow! there will be a lot of happy people with large bags that thought their coins were dead and can now see them back in the game.

Well, a $1 coin can go to $2 and double your money in less than a month so if people are still buying those coin doubler sites they might as well try these alt coins.

Not really, if seen on a reasonable time frame, say: ~1 year.

Of the top 5 alts, some are dropping (Ripple), some are flat compared to a year ago (Litecoin), and some are rising (Ethereum). Over the same yearly horizon, Bitcoin is doing pretty good compared to a weighted alt basket (eyeballing it here, don't care to calculate it).

Now, Ethereum is clearly going through a major pump right now. Not just by price, but also judging by how I've received several spam messages in the last week, suggesting to "get in while I can". Which probably only means, the pump is likely to come to an end soon.

For someone who's into short time frame / high risk trading it might make sense to trade that Ethereum pump. But for an investor (or even: swing trader) I doubt the current price to be a good entry point for a long(er) term position.

Ripple on the other hand has been correcting recently, but based on the previous swing up, it looks like it has some upward potential after the correction is over. So if at all, I'd actually rather go long on Ripple than on Ethereum right now, but not really, because: fuck Ripple and their fully de-decentralized model.

No chance.

Pump n dump. All of them....

That doesn't mean to say that one of them won't emerge one day with a bit of substance behind it, but for now, is all about naive investors being taken advantage off by not so naive investors, who know to buy when the Alt is scraping along the floor, but showing signs of turning up. Very often, it is the designers of the coin who ensure that their coin is pumped, in order to prevent it from being de-listed.

I subscribe to a small trader community, and all those guys have been posting charts of all these bullshit coins for the past couple of months, showing their entry points, and the points where they double their money, sell half thus creating a free position, and then double up again, selling half, then again, selling perhaps all.

As I said before, post X-Mas/New Year, is Alt season, cos it is the time of year when a lot of geeky kids, will have been given a seasonal bung from their granny or whatever, and get the bright idea to multiply thier wealth by piling into an Alt that is going 2 da the moon. These guys come running towards cryptos chasing big profits with all the market savvy of an Alaskan Mountain Goat....and their in wait, are all the owners of these coins, and all the n00b traders from Bitcoin, who find themselves all of a sudden to be sharks in the garden pond.

yes, in my case I changed like 2/3 of my BTC stack and bought LTC.

I thought that having LTC now is better than sitting in bitcoins, since is the only alt that didn't raise its price so much yet  ;)

IMO this might be related to the Cryptsy issues. Crazy volumes on the other exchanges.

Almost all ALTcoins, price goes up. and many are dumping their coins, but the price pump continues. We will see a new year for ALTcoins this 2016

Holy jesus..

This death of cryptsy has made things interesting..

Any well trusted alt exchange people are using?

The bonkers volumes are on poloniex. They're about as solid as alt exchanges get even though they tthemselves have been hacked. They sorted it with some class.

pump and dump

only one thing that is important is hash rate of each coin. Bitcoin is always #1

for western ppl there is only poloniex and bittrex left.

I think it's mostly due to the fact that people have lost their coins when Cryptsy went down. People are buying back the altcoins on other exchanges and are driving the prices up to high levels.

Vertcoin up over 200% really remarkable, I made quite a lot of advantages in altcoins the last few days :)

your reasoning is a bit off.
i am not saying blocksize debate had 0 effect. but i am saying it is not the main reason.

these pumps and 100%-200%-500% increases is nothing new in altcoin market. it has always been like this.

in coinmarketcap.com just click on the charts and set the time-frame to all (more than a year) you will see that the #pump pattern keeps happening every now and then in each coin.

If you are in the know or have inside information you can definitely make a lot of money. The only pump I think it could be sustainable somehow is ETH though. I can see that project actually having some traction in the real world soon but that doesn't mean it will cost much more than it currently is, not altcoins will be valued at $400 like BTC or achieve such gains.

Yep, I really don't think very many people are actually freaked out by the block debate. Maybe a few noobies who have only been in bitcoin for a few months, but nobody with perpective should care.  I've been holding and watching the charts nearly even days since summer '13. I'm not worried in the slightest. Trade volume is a bit lower than I like but it's been that way since the drop from 1k, nothing new. This is 2016, been waiting for this year since I bought my first coin. Popcorn is popping...

No. Most of those altcoins have absolutely no future in sight, and this is only a temporary pump & dump. This will end soon enough, and those who could have done so have already taken their share of the profit.

There are/were quite a few coins that were cryptsy only, indeed I'm not sure some of them even had a functioning blockchain any more. I'm sure plenty of people were wiped out and don't have the funds or appetite for more.

Poloniex is currently the place to go. They have a lot of volume for many of the main coins.

They have been hacked in the past (2014 if i'm correct), but they have been open with it and fixed it in a professional manner.

With current volume, they are also making a lot of money (I don't think they are gaming the system with fake volume) and supposedly they have already recovered from the hack, so no reason to distrust them for this.

Bittrex is also possible, but there are some people accusing them of not being totally honest and being driven by pump and dump scams, adding new coins just for the high initial volume. 

Yes, altcoins are crazy. See the dogecoin really, for example. I would not marvel if there were a LTC rally soon too.

i wouldnt be so sure about buying those altcoins, bitcoin is still the best and nothing will change it ever, i hope that the problem will be solved soon

all fudsters do is create more fud.  people are fed up with posts like this.  most the alt coin scene is a complete joke.  LONG LIVE BTC AND SMALL BLOCKS

It is alts rebound,some alts.But most of that volume is doge pump.From 40 sat to 150sat in three  days
Now thay will finish with doge and pump btc
Long term alt is EMC

To all the altcoin naysayers, open up your mind to new possibilities, is Gold the only precious metal, there is Silver, Platinum, Copper and others, is Google (I mean Alphabet) the only stock on the market, there is Apple, IBM, Microsoft, even penny stocks. Be flexible and DIVERSIFY. Do you put ALL your eggs in one basket? Don't be stupid.

Pretty sure some of them dumped those altcoins for BTC near the peak, and are holding more BTC right now.  ;D

In a few days time if bitcoin prices keeps on going down, many of these will get back to bitcoin as they see it as a bargain. It's all business, traders go to where the money is and for now they can see that there's much traction in btc that's why they're in alt.

i would only take this advice serious if we are talking about the strongest alt, like ethereum, dash, the other are simply trash p&d scheme

It is a complete joke in the term that it's all manipulated, I agree. Why there are many hard working people, I think it's basically all for nothing since they end up being pumped and dumped like the rest of the scam coins, that's the hard truth. There could be a couple of interesting projects, for example ETH, but people thinking that you could find the next Bitcoin in the altcoin exchanges are deluded at best. With that being said, if you have some inside knowledge like I said you could potentially make A LOT of money.

The block size debate is already solved: We will follow with the Core capacity increases roadmap as presented on bitcoin.org website, the rest just need to learn to let smarter people do the job and shut the f*** up about it.
The ETH pump will be soon over, as is just another shitcoin. I hope people holding it sold and profited from it tho.

Amph, I respect your opinions but I believe you are not telling the whole truth here. Bitcoin is the Gold, Litecoin is the Silver, however the Bronze does not yet have a clear contender. Some say Doge, others say Ether. I only know a couple others like Diamond and DGB as these altcoins have SOLID devs and communities. All I can say is Do Not be close minded about these altcoins, yes some are pump&dump crapcoins, you have to look at the history and vintage behind the coins you're interested in. If you only care about bitcoins, you are not diversifying.

While i respect other peoples opinions, i must say that you give way too much credit to the core dev team. Having coders working full time on something and delivering
so few options is laughable at best. Weather they are incompotent or just lazy i dont know, but it is something of those two. imho ofc  :-\

"diversifying" into altcoins isn't really diversifying.

Although there are some altcoins with potential for a huge upside, like Monero/DASH. But they are HIGHLY RISKY as well. I don't particularly believe in any of the others, although I think Ethereum and litecoin has the highest chances for survival.

I think the metals analogy is utter twaddle. The metals have fundamentally different purposes. That's why they each have their value and separate markets. All crypto is pretty much the same with a few minuscule tweaks here and there.

If a bacteria suddenly started eating the Earth's gold, silver would still chug along as it has actual uses beyond speculation. I don't think the same would happen if BTC died.

i can add doge and litecoin if you want, but they are the epitome of the p&d crapcoin, because one(doge) is there with the same range where manipulators are willing to play, which is 30-100 satoshi

and litecoin, seems to be pumped on halving basis...

If you think about it, gold is pretty worthless. It really doesn't have many uses, beyond jewelry. Much less than silver, for sure. I really can't understand the people who think gold has some "intrinsic value".


But while I agree that if bitcoin fails spectacularly, other crypto will fail too. But they do have different purposes.

There's ethereum, which tries to function as a kind of programming platform for future DACs, instead of being a pure currency.

There's also DASH/Monero, which I personally am very optimistic about, because of its absolute anonymity. Just think about how many rich people there are in the world, who needs a way to store their money completely anonymously. Lottery winners who want to remain anonymous, for example. People who do "sketchy" businesses, or want to pay less taxes, etc. It's literally a multi-multi-trillion dollar market. Compared to creating mutliple fake identities, then storing the assets offshore, a secure, totally anonymous crytocurrency which you can transfer and use pretty much any time any where is much more convenient.

All alts are going crazy, this statement has just come into existence just due to the fall in price in most of the alternative coins in use over these days. Bitcoin has made such a scenario due to the market fall. This situation can be changed over the coming days

Eth, dash, monerobare different but not different enough for me to be convinced they'd forge a brave new future alone. The incentive is there for people to stick similar functionality on top of btc. Dunno how possible that is but it makes more sense. Every single thing on the market is pretty darned similar at heart and that's why i don't see how anything that comes out of this little corner of internetland will overtake it. As others have said if there is to be a successor it won't come from here.

Not so much a successor, but a compliment. Although I think you may be right that DASH/Monero etc have not differentiated themselves enough and also have some problems of their own; so they might not be the ones that succeed.


But I would not be surprised in the scenario that bitcoin does "go to the moon", is used widely, possibly replacing fiat in certain places/situations (no way it's going to kill all fiat LOL), that there are still other crypto-like currency that are a significant fraction of the crypto market, or even as big as bitcoin, because of its unique applications.

Yeah, I doubt that's going to happen.  Which one of the hundreds out there would one choose for a bitcoin replacement?  Maybe a little bit of all of them?  The altcoin market has cooled back down a lot in the past few days, and I'm not sure what was driving it anyway.  I really don't think it was "fighting and discussion", I think it was speculation about the fighting and discussion done by people who were doing neither one of those things.

There are plenty of projects that are taking the spotlight from Bitcoin right now. Ethereum, Maid, Ripple and others just promise the future and very exciting things while Bitcoin is already the past sadly, it just can't shake its tainted image and it never created actual demand.

Well it looks like it is going to continue because nothing is going to be done about the blocksize limit.

I think the altcoin market was pumped by Chinese whales, and now they are dumping it to make money before their New Year holiday. They pump it every so often, and I don't think the state of bitcoin matters to them when they pump. They completely manipulate some altcoin markets.

i think its good for the people who own a lot of altcoins, unfortunately i sold it all a few months back

Altcoins..pumped by Chinese Whales?

c'mon man...10 BTC worth of trade is enough to pump some of these Alts 1000%. BTC 'whales' aren't pumping Alts.

you need some more for the top altcoin, for the top 10 at least, 10 btc will not do anything

so yeah maybe some small whale is pumping the strongest altcoin, while bitcoin faces some stagnation

remember that money always moves, if you see stagnation in one place is because they are on something else

no doubt, eth benefited from the bitcoin conflict, however, it still has a tiny market cap.
personally, I think that it is prudent to get eth in numbers equivalent to your btc %.
IF you have 10 BTC, it would be 10X[90/21]=~43Eth where 90/21 is eth/btc eventual proportion in numbers.
43 eth is just 0.255 btc or $96
This would be a hedge in case of unlikely failure of btc and subsequent ethereum (eth) dominance.

Ripple has lost its charm long back and the craze it had before its launch doesn't exist today as far as I can see. Also, the other coins are fading and only the owners are trying to make the price increase. I don't think it's wise to invest in any altcoin till it remains stable for a year or more.

Ybcoin had over two million dollars pumped into it, and it only had that volume on Yuanbaohui and BTC38 which are both Chinese exchanges. Now the buy orders have built up its being dumped, its already lost half its peak value. Anyone with over two million dollars of bitcoins to pump a coin with is a whale in my book. Those same whales probably also speculate on bitcoin when its volatile. As you say money always moves.


http://s17.postimg.org/sxsdnhry7/ybcoin.jpg

thats a good thing isnt it? i think that the price of it will keep on growing a lot

Still, those projects (I don't hold Ripple) have much more to offer than Bitcoin. I'm not saying it's dead, Bitcoin at the very least will be used as a gateway and it has proven its worth over the years, it may have flaws but it has been fully tested. Anyway, Ethereum and Maid have a lot of things going for them and they are about to release betas and upgrades of their respective platforms. Another great stable project is Digibyte which is basically Bitcoin done a whole lot better without the issues and annoyances, plus smart contracts.

I'm not saying one of them will take Bitcoin place, I'm saying Bitcoin is losing terrain and new projects are coming in. Sadly Bitcoin image has been tainted let's be honest, Hearn had some truth behind his words, that's why it had so much impact. Bitcoin hasn't created any actual demand from the mainstream and its technology while completely unique and innovative is already old. Bitcoin was the first step but it's just losing steam unless it can generate more interest from common users or give solutions to actual problems, that's just the way it is.

Most alts trade against BTC. It reinfoces BTC as a reserve currency.

Exchanges are making money, people are gambling away. What's the issue?

I can agree about Etherum but Riple is banks coin premined and printed,Digibyte is small coin.Future is EmerCoin.Dogecoin  is always doge.Will be pumped dumped many times and will stay for long

Digibyte may be a small coin but it has it aims to be used by actual people, in gaming, online stores, tips, real life applications, it's trying to actually get people to use it and be much more user friendly than Bitcoin. I agree with Ripple, it is something I'm not interested in but I can see how it can be appealing in the corporate and banking world. Doge is just p&d as you said.

EmerCoin is a another great project indeed. I feel that Bitcoin couldn't make the jump to real world use, it is mostly all speculation and nerd stuff, even if it was in a small niche, it couldn't become the standard for anything. For example gambling, Bitcoin should be the best option for online gambling since users won't need to enter credit card or bank information, easy to withdraw, etc. But even if it has some great options it's just didn't catch on. There are many other examples and uses like this that could be cited.