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Everyone is just chasing the next big hit but I don't think decentralization vs centralization is the problem because most of the projects are meant to operate independently and decentralised after their development is complete.
I think the real problem is that even the worst of projects seem to get funded and people are very creative in listing their past accomplishments, its the equivalent of padding up a CV to extreme levels.
What I predict will happen is that the good projects will find some success while the shitty ones will eventually die out either during a crash or slowly over time.
At least in theory, when development is complete, decentralisation should commence. However, especially since the technology is new (which is both true and used as an excuse), it will take a long time for development to "finish", and in fact, if the devs/community are in any way competent, development will never truly finish. If we simply assume that decentralisation is an inevitable result of development finishing, and patiently wait for it to land at out feet, we're in for a nasty surprise. |
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Spoetnik, out of curiosity, which cryptocurrencies do you support? I agree with most of what you say, but so far I've only ever seen you disparaging coins. Do you support Bitcoin? Monero? I'm genuinely curious.
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Most people believe ICOs are scams because the vast majority of ICOs are scams. Not only are they usually a bunch of people with no apparent experience in the crypto sphere asking for money to be thrown at them, but most of the ideas behind the projects are either utterly pointless or hopelessly unrealistic. I'd love to see proof that a reasonable percentage of ICOs are legit, but I doubt I'll get it.
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Unfortunately Google or a similar company seems poised to take this before cryptocurrency. I think they'll do it first because our reliance on them, especially Google, is only growing, while most people have hardly heard of cryptocurrency. Eventually crypto might surpass them, but not before they reach the 1$ trillion mark, at least in my eyes.
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As others have mostly said, use it to mine a few hundred coins and probably report it to the devs. I'm not averse to the idea of getting rich, but I also don't want to destroy Bitcoin and the faith people have in it; perhaps I should just mine a bunch of shitcoins...
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BTC bods say everything other than BTC is a shitcoin. Take your pick. BTC is like the shitcoin that's too big to fail. It has so many problems, yet actually sees use and isn't showing any signs of slowing down. What a crazy world. |
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Everyone with at least half a brain knows that the shitcoins are outrageously overvalued, so there has to be a correction at some point in the future. The issue is that shitcoins have been around for a long time, and we haven't really seen a correction yet. What will it take to push the market over the limit?
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Eth 170, we stay around 33. Should I be worried ? I am in xmr 2 years now and all the big ones go up except xmr. It should be higher then it is now I think
Don't worry, XMR is one of the few coins that actually sees real use cases. It's still cheap because the devs care about making a good, private coin more than marketing and enriching themselves. Keep buying, keep hodling. |
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People go where there is money to be made, no mystery there.
But to say we're in a bubble just because blockchains are successful is like saying Google Adwords is in a bubble because advertisers keep bidding higher and higher for top position for their ads.
Where there is demand, prices will increase.
I think the general consensus is that yes, coins for which there is a higher demand are rising in price and market cap. However, shitcoins that there is absolutely no demand for are also making huge gains in price, sometimes much more significantly than the coins that actually provide value. So people think that, at some point in the near future, the altcoin market will crash, leaving only Bitcoin and a few others standing. That is at least the extreme interpretation of it. |
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but why is this bubble just getting bigger and bigger. when will it pop? i am waiting for this since several weeks. and nothing happens.
do you have an idea when it will happen?
not now, because right now people are still investing in altcoins, but this will end. when things slow down and the rockets run out of fuel meaning when people didn't have enough money to pour in, the bubbles start popping and the problem is that when they do things become scary because we all have experienced what panic sells can do to any market. But aren't more and more people becoming aware of cryptocurrency "investing" and "easy money"? With more people you have more idiots, so more people willing to blindly buy into the latest shitcoin just because of their own FOMO, which will extend the life of the bubble. What will it take to make it pop? |
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well said bug trap!!! that's very apparent on here, some right dumb fucks  Nah man, appreciate it, but the only dumb fucks are the ripple shills |
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i think it is safer to trade with stock, but crypto always give us chance to get more profit even with only a little capital. but all of the option we still can analyze. so it is depend with what we can analyze to get profit
Where there is a high risk of losing, will be the same thing to get huge profit, fortunately that is crypto. Forex was just a training base for me, then moved to stock where you can earn moderately but crypto is a place where you can earn 10x very easily if you learn the signs of coins. But it is too risky for newbies. I mean, if you're a newbie and only investing a small amount as in this example, there isn't too much to lose. If you're smart you'll never invest more in crypto than you're prepared to lose, although I'll grant that the majority of crypto "investors" aren't particularly smart. |
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I don't think top 10 in terms of market cap is an accurate metric at all, I mean you have Bytecoin there right now, despite having no real reason to exist, as well as Ripple at Nr. 2 despite hardly being a cryptocurrency at all.On top of this, generally the market cap includes all coins in circulation rather than all coins in existence, meaning that huge amounts held by the devs or other parties are not accounted for.
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Just saw this thread for the first time, I don't believe LTC is dead in any capacity. Seems like a much more efficient version of Bitcoin that isn't bogged down with its many problems. Might invest a bit when it's a little lower.
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Announcing of ICO 1 day before launch followed by aggressive marketing campaign? Seems sketchy.. Lol, this is why you disable your Adblocker I suppose. Much appreciated. |
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now thats a good one, so we all potentially could have been or still are mining Monero without knowing. and the WannaCry croud probably didnt know either and were themselves probably mining Monero without knowing [i hope] this is classic I believe it makes system performance sluggish, so people might have known something was up, but apart from that I don't think there were any other major indicators. |
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Hello newbie here, I currently have some in BTC, ETH, LTC, and XMR,not much, for start it is.... Dunno why my choice is LTC, but for ETH I can tell you that currency have a lot in background goin on, XMR I support just because it shouldn't be traceable.  Glad to see a fellow XMR supporter here. I know this thread is mostly about profit, but having such a strong ideological backing really helps a coin's stability and long-term viability in my opinion, and considering the amount of features that are going to be added to Monero I think it's still quite cheap. |
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This is funny, just goes to show that you can be more effective taking advantage of people's stupidity in a patient and stealthy way. Kinda off-topic, but does it bug anyone else when a supposedly security-related site doesn't have HTTPS? It just seems kinda ironic.
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You can always find the markets by finding it on coinmarketcap and clicking the markets tab. Polinex and Bittrex are the bigger ones it's on. It's always over 1 million volume so it's very traded. Cheers, much appreciated. |
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What exchanges is it on? Definitely looks interesting, I might buy some.
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