30% haircut for altcoins

[Alttrader203]

As I see it: too many shitcoins have market cap 10m+

They are there just to dump on innocent bypassers.
Other decent altcoins are overpriced as they do not even have a working product but at 100m+ market cap


So, if the btc drops another 10% most of this bubble in altcoins will jump ship and get back into btc.

Either buy into really good altcoins or get shredded 40/50% down within next 24 hours.

[shifty30]

everything is a shitcoin at this stage, we still need a couple years and scaling is 1 of the main issues. but there is not really any coin with a serieus product right now.... its all potential

[csmcc]

but there is not really any coin with a serieus product right now.... its all potential

Except GridCoin.

Not only a working product. A mature one. Which does genuine good.

It annoys me when i see posts saying "none of them do anything". It's simply not true. (I believe FoldingCoin and CureCoin may do similar)

[ArdiPrabowo]

but there is not really any coin with a serieus product right now.... its all potential

Except GridCoin.

Not only a working product. A mature one. Which does genuine good.

It annoys me when i see posts saying "none of them do anything". It's simply not true. (I believe FoldingCoin and CureCoin may do similar)

folding coin is not good coin
volume transaction is low, folding coin community and user low too, although can trade in poloniex

[Multatio]

everything is a shitcoin at this stage, we still need a couple years and scaling is 1 of the main issues. but there is not really any coin with a serieus product right now.... its all potential

I find you very hard with altcoins. Actually I think that platforms such as Ethereum and Waves are greatly functional, and while there is indeed still some things to improve, I think we are still at an advanced stage, no more at the prototype.

[justone123]

I would say LBRY is one of the furthest projects ahead. Actually a working product.

[Tartiflette]

Edgeless (EDG) have allready a working product (since few days).
Siacoin (SC) too... !

I think many altcoins have a great future but of course some of them are just shitcoin.

[csmcc]

but there is not really any coin with a serieus product right now.... its all potential

Except GridCoin.

Not only a working product. A mature one. Which does genuine good.

It annoys me when i see posts saying "none of them do anything". It's simply not true. (I believe FoldingCoin and CureCoin may do similar)

folding coin is not good coin
volume transaction is low, folding coin community and user low too, although can trade in poloniex

Your reply is entirely from a trading perspective. You missed the point completely.

That is not the question.

Someone suggested that none of these coins actually DO anything. They are all promise-ware/vapor-ware (delete as you see fit). They have no practical usage in the real world.

Which is not true. (Although it is for a lot of them)

Do you know what GridCoin actually DOES? ie - it's purpose?

Bitcoin is a currency.
Ethereum is a platform. (Primary purpose)
Gridcoin is ....... do you know?
Same with Foldingcoin ..... do you know why it exists? What it's purpose is?

Gridcoin, Foldingcoin and Curecoin are similar. My preferance is for Gridcoin. I believe in it. Because of what it does. And I also mine it.

I'm amazed at the number of people investing in things in Crypto who don't seem to have the faintest idea what they are investing in actually does! Which is nothing (currently) in most cases .....