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xdLdRbzDWe5QCaZuru4ncDZbB49ppg6yY
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Interesting to see these numbers, and the radical movement in the ranks.
I could not find Ezcoin in your list. It's trading on Cryptsy and has been gaining market share. Are you able to add it?
Cheers!
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It is insane. I was part of the few that instamined this coin for a couple days after release. I was getting 200 coins per block every 2 minutes or so. Needless to say the value of my coins have gone from about $1,000 to nearly $40,000 in the past day.
I've got my finger on the sell button, but we'll see what happens. I'm worried it can't sustain this gain so maybe sell and buy cheaper later.
Exciting past 24 hours!
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EJ1Q1yjddQcaD1FmFhhWShPzwgpiRq24r3
Looks like Ezcoin has making some nice gains in the past while. I can't find it on coinmarketcap.com however. Would be good to see it there.
Thanks for the coin!
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This list is terrible. You expect almost every coin to have Bitcoin's current market cap within a year?
Bitcoin's current market cap is only $12 billion at the moment. A year fom now it could easily be $500+ billion...who knows. A lot of people think that even $100,000 per Bitcoin could be reached with only a small amount of the world's transactions being made by it. (something like 1%) The Bitcoin community has already done all the hard legwork in bringing digital currencies into the limelight. Hence the amount of time for an altcoin to be adopted and to mature is far less. Given that, I wouldn't think OP's forecasts are unreasonable, particularly in regards to a $500 Litecoin. That's only a ~1000% increase over a year, and it has risen far more than that already in less than 6 months. Anything could happen though, and here's hoping! |
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if you are looking for long term hold, buying a coin that uses Proof of Stake, is a good option for 100 USD.
Find the one you like the best, buy the coins, download them to your wallet and let the interest accumulate.
PoS coins require the client to be running in order to "gain interest". With only a 100usd investment, you'd have to consider whether it's costing you more to mine than the return you're getting. |
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It got exposure on coinmarketcap.com. I couldn't find any other news than that.
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Well if you speak of price you probably mean something like the actual price at mtgox. Now if you wanted to change the displayed price at mtgox you would have to sell for let's say 50% of the usual price to your own account. But at mtgox or any other exchange you don't trade with a specific account. You always go through the orderbook. So to buy or sell to your own account at the manipulated price you would first have to complete all orders inbetween. At that point it does not realy matter if you buy your own stuff because you actualy did change the price for real.
So that's probably not price manipulation in the sense that OP had in mind. Like you said, that's through the order book and no coins are actually moving to different wallets. You can do that but that won't change the price of a Bitcoin whatsoever.
Not sure what you're referring to. If you're referring to DerKorb's comment, then yes, the price has in fact been changed. I wouldn't call that manipulation though and it sounds like a good way to just lose bitcoins in trading fees. OP, with regards to the idea of selling coins to yourself using localbitcoins to manipulate the price won't work as you said. I'd say the volume is far too low to be of any significance. I suppose you could make a trade on localbitcoins for 10x the current value and hope to get media attention though. As for CoinDD, like Crazy_rabbit said, you would need huge amounts of bitcoin to create further hype and hence move the market. This could only potentially work with some of the smaller altcoins. |
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the bitcoin crew could have still set their own rules about forming a board, setting goals, agenda's. but not having to do it by U.S law requirements. but more so by moral and democratic choice of the team to want it set up in such a way.
Considering that Bitcoin is an open source project, anyone can actually modify the client and release updates. It's up to the users to decide whether to adopt the update or not. I think if any local laws were impeding the progression of Bitcoin in some way, an offshore team could then move things forward if needed. A consortium rather than a foundation sounds pretty interesting and could possibly make better sense. |
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Services like these add value to the coin. If you recall, the catalyst for LTC surpassing $2 was caused by Atlantis. Having a single gateway where people can convert their SBC into something more tangible is inherently valuable. Instead of doing all the currency conversions you've mentioned, SBC holders can simply go through our site, which not only cuts down on fees, but is faster, easier, and more convenient.
As far as expenses go, we expect to (initially, at least) lose money from this operation. A portion of SBC received will be kept, the rest will be sold off to continue to fund operations. The goal, of course, is to develop the coin to the point where our initial losses are recovered by the SBC we keep appreciating in value. In regards to the volume, we will be using a conversion formula that accounts for key market variables (the specifics of which we will not release, as to deter gaming the system).
I appreciate the constructive post; there has been a lot of vitriol on these forums lately.
Atlantis was the reason LTC went above $2? I didn't notice that. I did notice however that Bitcoin very quickly jumped to over $1000 after Silk Road got shut down. EDIT: I didn't realize that scotjam had bumped this really old thread. Nonetheless, here's hindsight. I guess it's probably a good thing for SBC that you're not selling illegal drugs or weapons.  |
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Months ago a journalist survived for a period of time spending nothing but BTC for all her daily needs. Indirectly, altcoins then become useable as well by exchanging them for BTC.
I think in the long term somebody will come up with a universal payment platform that accepts any crypto from a customer and just pays the business in cash. Most businesses don't want to deal with cryptos directly anyway, and they'll happily pay a small fee for somebody to facilitate crypto transactions for them. But the structure of this means that bitcoin is no longer needed as a conduit between the alts and cash, a customer can just select their alt from a dropdown box, make a payment, and the business gets cash. Bitcoin is only used if the customer chooses to pay in bitcoin. Just like some businesses here in China will accept my Euro, but they'll go to the bank and exchange it for CNY. |
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Why would anyone want the altcoin they're invested in to begin trading on BTC-e? So they can grab you by the balls and jerk you around? Look what they've recently done with FTC and TRC.
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Some of us enjoy coins that provide something over BTC, also diversity is a good thing. BTC might be heavily regulated soon, whereas some coins might be extremely hard to regulate soon like megacoin or anoncoin.
Alt coins don't need to be regulated , because you can only sell them for BTC. Any vendors accepting megacoin , ultracoin, shitcoin? That simply isnt true. Let me enlighten you. https://bitcointalk.org/index.php?topic=273148.0Yeah , i'm impressed! Common..... Show me one vendor accepting an alt coin and not btc. I'll show you 100 that do the opposite. By that argument we should only use USD. Show me one vendor that uses btc and not usd and ill show you 10,000 that do the opposite. Just 10,000? And Kelsey, you've got your finger off the pulse if you think BTC still isn't a useable currency. Months ago a journalist survived for a period of time spending nothing but BTC for all her daily needs. Indirectly, altcoins then become useable as well by exchanging them for BTC. Also, some altcoins do bring up new ideas. For the moment however, you can only speculate as to whether they will get the kind of traction BTC has. |
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What do you mean by broad?
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Where is OP?
Where is your rave about Cryptsy? |
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9yGJWtqDqGvnsGQDSoqEcd7JKshcJ76HMT
Cheers
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1 DVC? Lol.
I know these giveaways aren't supposed to make anyone rich, but at current exchange rates, that's worth about $0.0005 and is probably below the minimum trading volume allowed by any exchange.
Lame.
You're welcome for the bump.
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