What would a crypto currency collapse look like?

[digitalindustry]

http://kolinevans.wordpress.com/2014/08/22/what-would-a-crypto-currency-collapse-look-like/

trolling welcome as always -

please keep to a certain standard, shilling will be smiled upon.

[Spoetnik]

Well said and  i agree 100%

[boraf]

The collapsed happened last week.

The market cap of all the crytocoin is still very low compare to 1-6 months ago. In fact, altcoins market cap have been going down almost every months for the last 6-7 months.

[BitcoinBadger]

Nice article. A mini[or micro] version happened in last 10 days, when all of the currencies started falling.

[Radouch]

Well, an interesting article. Where in your division stands e. g. Ultracoin, Vertcoin or Redcoin? Thanks for your opinion.

[KenChanYu]

Watch for coins that actually went up in value over the last 2 weeks, it means people had strong belief in them, the PnD coins would of had people offloading into btc and into fiat.

[Willisius]

Watch for coins that actually went up in value over the last 2 weeks, it means people had strong belief in them, the PnD coins would of had people offloading into btc and into fiat.

Indeed. Mazacoin, for example, has actually gone up.

[digitalindustry]

The collapsed happened last week.

The market cap of all the crytocoin is still very low compare to 1-6 months ago. In fact, altcoins market cap have been going down almost every months for the last 6-7 months.

that's keeping in line with the pattern -

all that happened this/last week was a few "trustees" sold some, or even new participants.

it can either mean that monopoly is lost or confidence of "trustees"

If monopoly is lost (very likely) participants who have no special "interest" (trust or agreement) in these entities would be building a reserve for another "flash crash" as mining as selling is less profitable mining, grouping then dumping at key points is much more profitable.

 (remember they have no special interest and as the market dedicates they are just looking to maximize profit)

[digitalindustry]

Watch for coins that actually went up in value over the last 2 weeks, it means people had strong belief in them, the PnD coins would of had people offloading into btc and into fiat.

nope it will take a little more analysis than that ...

you would have to:

1. first define which crypto are priced by the market  ( i.e no monopoly, or mining trust)

2. look at which ones of those performed i.e up down or stable.


the simple example is say  Neutrino, which everyone would agree has no market participants, (they didn't even bother to make sock puppets.)

it was steady to up i think at that time, does that make "Neutrino" a good investment?  

alternatively you can just burn wealth or light your self on fire...

so the lesson here is, the Crypto with the most hands in its distribution initially and  the best expanding now and into the future, is the best stable investment. (i.e hedge against other dropping asset classes)

why it is the case is because you want to avoid some "colluding trust of people" that have a key amount above you ready to dump on you.

look at Quarks "disruptions and fights" on this forum - that is the best indication of a market at work.

people will point to the large wallets, these appeared after Quark got a lot of press so they are either:

1. Bank agencies

or

2. just large investors

but as the price is very liquid and  available neither of that matters  as they have to either , sell or hold they can sell slow or fast, it will hardly move the market in the future.

[digitalindustry]

Well, an interesting article. Where in your division stands e. g. Ultracoin, Vertcoin or Redcoin? Thanks for your opinion.

never looked at any of them i'll check them out and you know i'll give an honest analysis.

[digitalindustry]

Whoever thinks that Bitcoin will collapse should get a mental check in my opinion.
People should stop being ignorant and accept reality.
I don't like the article that much.

Thanks for your opinion i'm sure Dogecoin people would have said that to me at 250 Sat also, only problem is its not very compelling, or based on any evidence.

[cryptofan5]

I think this is what happened to litecoin a few days ago, isn't it?

[boraf]

I think this is what happened to litecoin a few days ago, isn't it?

Not just litecoin. All the altcoins have been hit hard and slowly recovering.

And this recovery looks like dead cat bouncing.

[digitalindustry]

I think this is what happened to litecoin a few days ago, isn't it?

Not just litecoin. All the altcoins have been hit hard and slowly recovering.

And this recovery looks like dead cat bouncing.

if you look at the 3 groups in the Blog i listed you will understand why.

most are direct Bitcoin derivatives, it comes down to what is actually an "alternative currency"

[rikkejohn]

Not a bad analysis, but all his opinion.

I wonder if we are heading to collapse. BTC was always pump and dump, but the last year has been nasty. The Gox shit started the ball rolling, but the trust was already on the wane.

The minor alts are useless now unless you join a gang on Twitter and plot a collective move on Bittrex.

The majority of minor alts appear to be scamcoins (rather than vanity ones). The half-decent coins like XPM, NMC, DVC, Beertokens (sic) are just outside of it all now,

We are near to collapse, I think.

That should be a good thing. Time for crypto to enter a new paradigm.

[sandpaper]

Pretty spot on. I do think if the market crashes BTC / LTC will be one of the few that survive and simply because so much has been invested in it already. Eek

[digitalindustry]

Not a bad analysis, but all his opinion.

I wonder if we are heading to collapse. BTC was always pump and dump, but the last year has been nasty. The Gox shit started the ball rolling, but the trust was already on the wane.

The minor alts are useless now unless you join a gang on Twitter and plot a collective move on Bittrex.

The majority of minor alts appear to be scamcoins (rather than vanity ones). The half-decent coins like XPM, NMC, DVC, Beertokens (sic) are just outside of it all now,

We are near to collapse, I think.

That should be a good thing. Time for crypto to enter a new paradigm.

I listed XPM (Prime as a market defined crypto)  (its my weakest on fundamentals) (the one i looked into less)

NMC - Name only exists on the back of BTC its merge mined with BTC, its distributions reward is restricted on that basis, so it woudl have to "decouple" literally and find a new PoW.

DVC ( in know less about )

[digitalindustry]

Pretty spot on. I do think if the market crashes BTC / LTC will be one of the few that survive and simply because so much has been invested in it already. Eek

i'm guessing you didn't actually read it - its really not that much writing.

[sandpaper]

I did I am just too lazy to reply with anything of substance

[rikkejohn]

Not a bad analysis, but all his opinion.

I wonder if we are heading to collapse. BTC was always pump and dump, but the last year has been nasty. The Gox shit started the ball rolling, but the trust was already on the wane.

The minor alts are useless now unless you join a gang on Twitter and plot a collective move on Bittrex.

The majority of minor alts appear to be scamcoins (rather than vanity ones). The half-decent coins like XPM, NMC, DVC, Beertokens (sic) are just outside of it all now,

We are near to collapse, I think.

That should be a good thing. Time for crypto to enter a new paradigm.

I listed XPM (Prime as a market defined crypto)  (its my weakest on fundamentals) (the one i looked into less)

NMC - Name only exists on the back of BTC its merge mined with BTC, its distributions reward is restricted on that basis, so it woudl have to "decouple" literally and find a new PoW.

DVC ( in know less about )

NMC has history, and was one of the first coins to be accepted as a means of payment. DVC is interesting because of its aims. It got lost a little bit, but it surely possesses the characteristics to be a success again.

I suspect DVC to recover actually. Merge mining is its game, and now the Cloud Mining services are proving to be expensive, there will possibly be less people dumping DVC.

If not, the DVC "community" better get a strategy and goal together.