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361  Alternate cryptocurrencies / Altcoin Discussion / Re: Spoetnik doesn't understand questions on: November 08, 2015, 03:40:18 AM
...

Tell me what would you define as a dead altcoin scene ?
I would like to hear a real response to that.. forget what ever else i said and please just answer that 1 single question.
I also want the answer to be a plausible scenario that could actually happen realistically.


An altcoin that is dead is an Altcoin with no Network hashrate. Since no one is mining it, it doesn't exist. See how that works. It happened to my shitcoin "Nucoin" (yes I admit, it was shit, I was new in the scene and I posted Local IPs as seed nodes. I was a moron)

But sure. I see where you're coming from, we do define success as market value here. I will concede that that is true. Altcoins can "die" in the sense that they have no value, but people will still use them to experiment and share ideas, so in that sense they won't "die" so much as fade into the distance, to a low rumble in the roar of Bitcoin-mania.

But I'm sure you'll tell me that I'm wrong and that we're all idiots, so yeah, fun times.  Roll Eyes
362  Alternate cryptocurrencies / Altcoin Discussion / Re: Spoetnik doesn't understand questions on: November 08, 2015, 01:43:58 AM
@ilovealtcoins
"I'm just saying that Altcoins do serve a functional purpose"

That is irrelevant.

That is like being in court for bank robbery and saying hey but "i am a good guy"
The judge is going top shake his head and laugh and say so damn what.. GUILTY bam down the gavel goes ahahha

You guys want to discuss this (the topic title) then fine let's do it.
I have been around a while.
But does the topic title say "[POLL] Do Altcoins serve a functional purpose ?"
Does it say "[POLL] I like Altcoins ?"
Or how about "[POLL] Have you made money with Altcoins ?"

Look around see what i am reading here or i am i seeing something different ?
It's like i am having my own discussion with myself LOL
..and i am the only one on-topic hahha

That toilet is going to keep swirling down unless you wake the hell up guys.
Gambit said what do you care ?
That is my point.. 99% of you don't care (proof is the Altcoin scene is a raped whore left for dead in an alley)
Don't sit there and tell me ohhh ohhhh well i made $3,000 so Altcoins are doing great 11!111ONE

Altcoins are NOT about making money / turning a profit  Roll Eyes


I agree with you. Altcoins aren't about making money (or at least they shouldn't be.) I suppose "dead" is the wrong term in this sense. The price is going down, does that mean they are dead? Probably not. If Bitcoin lost all it's market value over night I'm sure people would still use it.

The fact that the price of Alts is going down is irrelevant to the discussion of altcoins being dead, my comment about them serving a functional purpose was to highlight the fact that they probably never will "die" in the sense that people will always make them and people will always use them. Because they're just as important as bitcoin. The prices are irrelevant, the money is irrelevant.

Now if you wanted to discuss the idea that Alts will never be worth anything I would love to talk about that, because that's a good topic to debate about. But whether they "die" or not isn't one, because they will exist whether they have value or not. Probably not as many, and not nearly as many clones as we have now, but the fact remains that there are indeed some talented programmers who want to improve upon Bitcoins fundamentals, and the only way they can do that is through Alts. So, no, I don't think altcoins are "dead" so to speak, I do think that they are losing value and are probably not sound investment at the moment, but that is irrelevant.

P.S. I know that OP was talking about the recent price drops in alts, but the question was whether Altcoins were dead or not.
363  Alternate cryptocurrencies / Altcoin Discussion / Re: Spoetnik haes Spoeken ! on: November 07, 2015, 10:41:52 PM
@ilovealtcoins
That is weak..
Quote
Eventually people will come back to Alts for whatever reason

"whatever reasons" so that is what you are clinging to ?
sounds like a solid investment strategy.. good luck with your portfolio.
probably full of IPO investments that had strong white papers and lofty goals.  Roll Eyes

you forget i predicted what would happen and why and i have been vindicated.
i was right and proved it *continually.. but all of a sudden i am wrong ?
based on what ? because you say so ? ..when did you get here and start this ?

"Eventually people will come back"
you say..
Why ?
They already came buddy.. and left !
why do you think they left ?

@gambit1
In order to make $3,000 usd profit on dirt cheap altcoins how much did you have to invest ?
Let's get that out of the way first off Wink

2nd of all there always has and always will be random little pump's of action.
Just because you found an exception to the rule (i never denied in the first place) doesn't make the rule itself invalid.

Both of you came to this topic to defend Altcoins and you posted no real reason to do so.
I heard i "i made money today" and "for what ever reasons, they will come back"

you two guys think you won this argument ? LOL


Nah brah, I don't have a portfolio, I just like the idea of Altcoins.

See the thing is, right now, Altcoins are a completely saturated market. Everyone and their grandmother has an altcoin, which is fine, Altcoins are cool, if you want one then all the power to you, I'll even make it for you. The problem with a saturated market, however, is there is too much supply cause by too little demand. When the market slows down, demand goes up. Same thing happened with video games.

I'm just saying that Altcoins do serve a functional purpose, basically like a proof of concept for Bitcoin. I agree that Bitcoin will most likely remain the top dog in terms of coins, which makes sense, it was first to market and provided a major technological and economic break through. That doesn't mean other people can't join in on the fun. If it fails, it fails, some people lose money, sure. But it's the same with any investment, there will ALWAYS be failures.

And I never said I won the argument. You could be right and Altcoins may be dead forever, never to return. But I will always like Altcoins, they interest me. Sorry if you can't understand that.
364  Economy / Speculation / Re: Fall of Bitcoin? on: November 05, 2015, 05:10:12 PM

That is exactly what I am asking.  With a low price you are going to lose new people from coming to Bitcoin, you are going to lose miners because it just wouldn't be cost effective.

If you're truly interested in starting debate on "what would Bitcoin be like if it was worth $1" you'd need to specify why would it drop that low. It makes big difference if it was due to major security flaw, people losing interest in cryptos altogether, Bicoin being surpassed by other crypto, or wide-spread governments ban.

Lots of great responses here, some not so great and people seem to be just posting random nonsense.  

Welcome to bitcointalk.org!


I know I'm not OP but I'm curious now. Let's say the reason was because of a security flaw (and only a few hundred BTC were stolen) and it was fixed soon after. Do you think it could ever recover?
365  Alternate cryptocurrencies / Altcoin Discussion / Re: FACT: Altcoins are dead on: November 05, 2015, 04:58:03 PM
The annual monthly rebound (or when BTC spikes up) never offsets the price drop of Altcoins overall.
The price of alt's may go up and down but they have been dropping more than rising..
So in time they have been losing value if you look at the big picture.
If you can't see this your not looking hard enough or in denial.

People come to this stuff to make money and if almost no one is making money and almost no one is doing it.
Then it's dead.
And this IS what has happened already !

The game is over.. Altcoins "It was a thing"

You guys ruined it and i warned you too (and you all mouthed me off and denied it and called me a troll)
well look around.. it's a ghost town.

..nothing but a handful of bag holder rats scurrying around a dirty Ziplok baggy.
Face facts this crap is bleeding to death and it's on life support.
And that means places like Cryptsy could simply slam it's doors closed with no warning any time
(taking your coins in the process) as i have warned about looong ago countless times.

I'm a troll you guys cry ?
I am right and you don't want to hear it.
And rather than admitting there is a problem (so it can be fixed you guys push on with idiotic schemes)
Adding a Market to NXT or Monero or something is not going to save the day LOL

..catching a falling knife is fine but for fucks sakes guys use the bloody handle Wink


Sure, this is true, for now. What will probably happen is people will leave altcoins for a while, it happens in a lot of markets (especially when saturation is this high) but they won't leave for good. Eventually people will come back to Alts for whatever reason. Probably the price of BTC getting too high.

Alts will never really be DEAD, so to speak, they do serve an adequate purpose (experimentation, introductions to the crypto world, etc.) And that will be enough to keep them alive. Whether they hold any monetary value, however, could definitely be argued.
366  Economy / Speculation / Re: Fall of Bitcoin? on: November 05, 2015, 12:14:27 AM
Plus I would hold a few, and use them like they were meant to be used: as a currency.
367  Economy / Speculation / Re: Fall of Bitcoin? on: November 05, 2015, 12:13:28 AM
Let's just say this:

If bitcoin ever did fall, not even to a dollar, just somewhere ~$100, I would buy as many as I could, and so would a lot of people. Never underestimate the power of speculators.
368  Alternate cryptocurrencies / Altcoin Discussion / Re: Altcoins dead? on: November 04, 2015, 04:33:46 PM
Altcoins are only dead for as long as the BTC price is rising, when it starts to fall again (after speculators sell their coins) people will start moving back to Alts for a while. It's just the natural progression of things.
369  Alternate cryptocurrencies / Altcoin Discussion / Re: Free BTC to start altcoin trading on: November 04, 2015, 03:29:39 PM
That's cool. Although you won't get very far with just 40 cents. It's a good way to advertise the exchange though. Like you said, free money.
370  Bitcoin / Project Development / Re: how can i make a Bitcoin exchange website? on: November 03, 2015, 12:42:49 AM
Firstly of all if you don't know coding you should hire developers.
Secondly you should have a good amount of bitcoin to operate an exchange.
And for users to trust you, the security should be in maximum.

Also, make sure you have a good backup fund as well, in a cold wallet, stored in a safe/safety deposit box/etc. Just anywhere safe really. You need to be able to "insure" your customers in case you lose their coins.
371  Economy / Trading Discussion / Re: Experiment ( just for fun) on: November 03, 2015, 12:39:59 AM
It's going to be hard, trust me. BTC (and all other cryptos for that matter) are incredibly volatile in terms of market price. Although, I'm not clear on what you are trying to do. Are you trading Bitcoin for other coins and then trying to sell them back at a higher price? Or are you waiting for the price to go up, sell, and then buy again when the price goes down? Either way, as long as you don't risk too much money, as in, invest more than you can afford to lose, then you should be fine.

I doubt you'll be able to get to a full Bitcoin however, though I was you luck. 
372  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Ilovealtcoins Altcoin creation service on: November 02, 2015, 09:31:00 PM
Bump.
373  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Ilovealtcoins Altcoin creation service on: November 01, 2015, 09:11:52 PM
Sale today: .1 BTC for Scrypt coins.

Free coin nodes for 1 month.
374  Economy / Services / Re: Ilovealtcoins Altcoin creation service on: November 01, 2015, 09:06:41 PM
Bump
375  Economy / Services / Re: Ilovealtcoins Altcoin creation service on: November 01, 2015, 12:02:31 AM
Please send me a PM and we may discuss options.
376  Alternate cryptocurrencies / Altcoin Discussion / Re: CRYPTOCOINS WITH COPYRIGHT CLAIMS on: October 30, 2015, 11:41:50 PM
I do think its weird that a coin would have copyright claims.
377  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Ilovealtcoins Altcoin creation service on: October 30, 2015, 11:36:06 PM
What happens when a coin breaks ? Do you offer help later ?
THAT is what concerns me the most about these sort of things.
See what i am driving at ?

If the coin breaks then I will fix it for free, like a lifetime warranty.

Updates cost extra though.
378  Other / Off-topic / Re: What is your favorite subject in school? on: October 30, 2015, 10:44:04 PM
My favorite subject changes practically every year. As of right now, it's probably English, or Psychology.
379  Alternate cryptocurrencies / Altcoin Discussion / Re: Alts go down when BTC goes up? on: October 30, 2015, 10:34:24 PM
Could just be that people aren't buying into alts for now. I don't think BTC has gone up enough to affect alts yet.
380  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Ilovealtcoins Altcoin creation service on: October 30, 2015, 07:13:33 PM
Bump
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