This coin it seems, is just beginning to show its great potential. http://coinmarketcap.com/ppc_90.htmlI've learned there are many unfair misconceptions about Peercoin. I'd like to hear people's criticisms about the currency and allow supporters to counter them here. I agree with Sunny King, another 5 years or so these energy efficient coins may shine. Pure proof of work networks, sha256, scrypt etc are *insanely* expensive to secure. Can't see anything pushing Bitcoin off top position though, it will become a brand. Very hard to nudge off, but not impossible. |
|
|
|
Your up to your eyeballs in debt and still live your parents? How you gonna cope when you go out into the real world?
I don't see how that is helpful, constructive or fair. Ive moved back to my parents after splitting with my partner and getting into debt. Ive had plenty of 'real world ' experience Okay sorry, it was wrong of me to assume. But this visious cycle of borrowing to pay off a previous creditor, is not the answer. I've seen it happen with a friend, it just gets worse and worse. Hope you can sort it out, but I'm sure you won't get credit here. |
|
|
|
|
Your up to your eyeballs in debt and still live your parents? How you gonna cope when you go out into the real world?
|
|
|
|
What did he learn that made him sell as his coins and run away from the community that HE BUILT?
Don't know if this is true or not. If it is, maybe the ones screaming pump & dump were right after all. |
|
|
|
Also, are the FTC devs going to keep scrypt as the mining algorithm or change it? Very curious about this.
I don't see how they could change this without causing massive distrust of the coin. |
|
|
|
Does anyone here remember how many times FTC has been 51% attacked?
Well, we have ACP in place in now so 51% attacks are a thing of the past.  Best that less is said about that the better I think. Didn't go down to well. https://bitcointalk.org/index.php?topic=282314.0 |
|
|
|
|
Stick with Bitcoin and merge mine all the others at the same time
|
|
|
|
At least if you cant do a step for ltc, Just don't hold it into your wallet, create transaction's (at least fake one's that transfer your money from one of your account to another account of yourself). Make the coins move in the network. this will help a lot.
Jesus, so this what the Litecoin crew are going to resort to. Try to scam everyone there's more transaction volume than there really is? |
|
|
|
|
The only possible way all these scrypt coins can survive if someone can be arsed to program in merged mining. They are just too expensive to secure on their own.
|
|
|
|
There are so many alt coins my head is spinning. What coin do you think has the highest chance of making it?
What do you mean by 'making it'? |
|
|
|
The time to speculate on litecoin was prior to the price going up, not during or after it came down from it's $5-$6 highs. People who started buying after March were coming in at the tail end as were people who began mining. I purchased a few thousand at 5c and sold them for $1-$2 during the initial price rise. Some might say, ignorantly I might add, that I sold too early yet they are too shortsighted to see that I made a much bigger return than anyone who purchased after the price rise.
The current price reflects mtgox speculation and hype. You are in denial if you believe litecoin becoming available on gox will do anything positive for the price at this point in time. It might have done so if it had become available much sooner but we're now towards the end of the year, anyone on mtgox has likely heard about litecoin and has had ample time to send bitcoins to one of the various new exchanges to purchase them. This, coupled with the truckload of scrypt coins now available, shows me that litecoin is vastly overvalued and will probably lose 90%+ of it's value if not 99% given more time. They continue to ignore the fact that the gox of 2013/2014 is not the gox of years past.
People never want to hear that they made a bad investment and some people will hold all the way to the bottom, losing everything in the process. If you're still holding with the idea you're going to sell to people on gox, I ask you, who exactly are these people you're going to sell the coins to for a much higher price? Bitcoin is still very niche, we're all still early adopters, there are no mom and pop people to offload your litecoins for bitcoins and that is what current value is predicated on and it's a farce.
I was fortunate enough to stumble upon the altcoin section of this forum in January which lead to me speculating on a small purchase and mining. Despite making a sizable profit, given what I have learned now via the forums and experience, I can say it was a mistake to purchase them and at this point in time, I wouldn't invest $1 into a single altcoin because that's a $1 that can go into my bitcoin holdings. You only have to look at the major strides Bitcoin has made this year to see the end is soon coming for altcoins.
I have no position in litecoin and therefore no bias. If I thought there was still an opportunity to make money, I would be mining/buying them but I can't see any upside at all.
A very well written informative post. |
|
|
|
why do these story tellers even have bank accounts in the first place to complain about.
Because their bosses won't pay their wages cash in hand. |
|
|
|
MT-Gox will finally add it, doesn't matter when.
I've never understood (even back when the rumour started) why the Litecoin crew get all over excited about the prospect of going on MtGox? Surely they want to avoid MtGox? Baffles me. |
|
|
|
It seems so there is a promoting of scrypt asic. They are much more energy efficient  Totally agree - it is the only thing that makes sense moving forward. It is unfortunate that no one is selling them yet. Don't hold your breath. https://bitcointalk.org/index.php?topic=99497.msg3222593#msg3222593LTC ASIC ASICMINER determined LTC ASIC is not viable since a high-speed memory bus is much more useful in other industries and very expensive to make in this regard. |
|
|
|
I suppose you need a country where a bubble has recently burts. Check out Spain.
Are you sure the bubble in Spain has already burst? If so, why are the insolvent banks still there? Bailed out. Spain is bankrupt. That's why they didn't get the 2020 olympics. |
|
|
|
Alt-coins are still causing you to lose money, you're just losing less than if you had been mining bitcoin directly with your GPU.
+1 This should be made a sticky post. |
|
|
|
I mean there are so many people willing to lose money on hardware + electricity for mining
Also unsustainable. Unless they are stealing electricity of course. |
|
|
|
If this trend continues are alt coins going to grind to a halt - I can not be the only person thinking this?
Yes. I predict 'the great alt crash' coming. That is what I was getting at - it is just reassuring to know there are a few others thinking along the same lines. Yeah, somethings gotta give. I don't mine using GPUs anymore. Too expensive. |
|
|
|
If this trend continues are alt coins going to grind to a halt - I can not be the only person thinking this?
Yes. I predict 'the great alt crash' coming. |
|
|
|
|
Show Posts
