Bitcoin Forum

Nothing to see here.

views =/= value

So go buy at a discount until the discount's gone. Why tell us?

Sounds like a good value, but then, aren't all alt-coins going to have to crash if people keep making new ones every day?

NXT and QRK are very old, that's why so many views (and larger market cap), DOGE was first of its kind.

Considering the cat and its badly chosen parameters, hardfork troubles .... it is sort of miracle that is is still alive and while it may rise, it may as well drop to the bottom.

Views may only be a slight indicative of the hype factor - i.e. the difference between the real value and the percieved value. Once hype is gone, coin value drops, as the perceived value drops down closer to the real value. Like with DOGE.

While trying to flog the little CAT that I had on Cryptsy, its value dropped over 10%.

I don't see CAT as being a viable long-term currency. With its problems and whatnot, it seems destined for the world of "it was fun while it lasted" coins.

Ðogecoin on the other hand is kind of freakish. It actually has some pretty decent infrastructure behind it - something most alts don't have.

Considering that there is no reason whatsoever to use catcoin it's actually severely overvalued.

Except that the views related to the sites you mentioned directly correlate to the use of a particular service.  There have been over 4.6 million views of the "What is Bitcoin?" video on YouTube, but there aren't 4.6 million Bitcoin users.

Nobody cares about another shitcoin.

EAC, QRK and DOGE all have very high number of coins, which definitely helps to "pump" their market caps. Low price per single coin looks more attractive to potential buyer and provides false impression of having a good deal. It's easier to convince someone that 0.00000040 for DOGE is a cheaper than 0.00048000 for CAT, even if he knows the difference in coin supply.

Catcoin is an exact copy of Bitcoin with scrypt algo. All other coins provide something different.
1. Nxt -> 2. generation
2. Doge -> Meme + total random blocks
4. EAC -> good markting, fast transactions, different distribution model
5. Quark -> different distribution model and 6 differenent hashes

What offers CAT?

Is this the case for every single cryptocurrency except BTC, LTC and Maybe PTS ?

Cat is only 2 weeks old, BTC is 6years maybe? ltc 2-3 years old? real value comes with time but for now, you can mine them for a profit, you can also use cat to have fun in the virtual casinos/dice and what's not that accept the coin

All of them scrypt based with similar model of use they have nothing original (except Quark) I don't see how can you say such a thing, all of what you mentioned about Doge/EAC can be said about CAT.

What hit cat in the last few days and how it managed to survice and remain steady proves that this coin has a solide user base, but this user base need to grow to give the coin more opportunities.

I've stopped looking at market value and instead focus on market cap. 300k is about right for such a new coin (http://coinmarketcap.com/), to break into the top 10 coins they'll need to prove themselves but meme based coins don't exactly scream credibility or reliability.

disclaimer:  i own a lot of catcoin.  

before you invest, know that catcoin is in play.

the value you see is not a true value: I believe the currency is being actively manipulated by the catcoin community.  i support this statement with the ongoing discussion in the catcoin thread itself.  

the catcoin community is also planning to change the fundamentals of the currency again by forking the currency for a third time.   OP mentioned this in previous catcoin threads, but i didn't see discussion of this here. Failing to mention the ongoing plan to fork the coin may mislead investors, and I now feel ethically compelled to speak out.  

please, please be cautious before jumping in. I am saying this even though it will damage my investment in catcoin. I have much to gain if i just shut up, but i just don't want someone to invest before they know the whole story.

don't believe me:  you can read the last 40 pages of the catcoin thread to get an idea of what is going on, and decide for yourself whether this coin is under or overvalued.  

invest smart, and be safe in this forum.  lots of warning flags surround not just catcoin, but many altcoins in general.  

Then there should be no harm in telling people about it.  

at least when people knew about the fork before, they could make an informed decision.  I am merely informing them.

people are investing hard-earned money, and they should know the coin is due to be changed in fundamental ways for the second time.  (the last fork was unintentional).

every dollar of value that is in catcoin comes out of a real person's pocket.  And as i've stated, i have a vested interest in catcoin: that should be enough of a caveat.  I want to be real about my investments, so i am realistic about their flaws.  

last fork we had may have inflated the currency: I was able to mine at extremely low difficulty and double my catcoins this week after the fork.  

  perhaps someone that wants to buy catcoin, might wait for the difficulty to drop and mine it instead.

the issue with not talking about the fork openly is because people should buy into an altcoin based on its features, and merits.  Changing how the coin behaves, however slightly, should be openly talked about in every thread about catcoin right now, especially when that thread is giving investment advice.  the more information everyone has, the better. 

as a catcoin miner, i've mined for days since the first two forks this week.  I'm not an opportunistic miner:  if you actually read the catcoin thread there was an active call for miners after the fork.  you're shitting on people that are making you catcoins.  

i also bought some catcoins.  you are now shitting on people that are buying what you're recommending.  


ask yourself:  would you rather invest knowing there was an imminent fork in the currency and the specs were going to be changed, or not?

 exactly.  tell people about the fork.

welcome to cryptocurrencies.  they're not stocks.

Five years experience only gives you enough confidence to get yourself into trouble.  

Information asymmetry doesn't exist when both the manipulator and the marks read the same forums.


oh fuc

Disclaimer: I own Catcoin.  I love Catcoin.


LeoC, my friend, I do appreciate your enthusiasm, but I think perhaps you might be engaging in some bad marketing tactics by using this kind of language with people, especially given the fact that potential investors might stumble across this thread when searching for information about Catcoin.

Catcoin is a fun and friendly coin, and you are its ambassador.  Please let's not have it associated with this kind of vitriol.  :-\

what is love?
baby dont hurt me

Nah, I'm done with this coin.