Why volume of altcoins just dropped drastically ?

[shapeshift]

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday

[SBOSS]

Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero).  No value in them as you can make your own clone / Monero for free.

[iGotSpots]

Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero).  No value in them as you can make your own clone / Monero for free.

Do it, then

[Zer0Sum]

The wildcat days are over.

The shakeout has begun.  The industry is maturing.

People may think that Gen 2.0 platforms are sucking out all the oxygen...
But wait till Wall Street starts rolling out dozens of ETFs...
And start-ups on Junior Exchanges that you'll trade through your broker...
This "trust" below is structured similar to the Winklevoss ETF where a share = 0.1 BTC.

Fees will be miniscule...
I can buy/sell 1,000 shares at $25.00 worth $25,000 for about $3.00...
Flip it for $0.10 and that's $100... do it all day... can't wait.

I'm waiting for the Market Makers to get their act together on this one:

[o0‡0o]

people are tired of scams and shitcoin, they sucked that cow dry.

fully agree +1

[compmaster]

What are you talking about!!!?

Many of the weed and hemp nice coins have been growing in volume or are about to.

CANN up 150% in the last month.

THC up 250% in the last month.

CCN, DOPE and POT are about to blast off.


The value of CANN and THC have also been increasing a lot. I only own these types of coins so I wouldn't know whats going on with other ones.

[BlindMayorBitcorn]

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday

No conspiracy therories needed, its bitcoin ... everyone knows it is at a threshold to drop to new lower prices or go high.
Investors just won't take this risk anymore and wait.

This is just it. The risk/reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway

[ðºÞæ]

What are you talking about!!!?

Many of the weed and hemp nice coins have been growing in volume or are about to.

CANN up 150% in the last month.

THC up 250% in the last month.

CCN, DOPE and POT are about to blast off.


The value of CANN and THC have also been increasing a lot. I only own these types of coins so I wouldn't know whats going on with other ones.

you have to pump a bit harder not working otherwise

[mrcashking]

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday

The majority of the newbies bitcoin has changed hands to the whales and there are no more newbies who are jumping in their shoes to give their money away on the array of crap coins that are available. Even good traders have no doubt been burnt on them and have called it a day i know i have, i only have a couple of long term investments that i got in cheap at the start. The only volume left now are the manipulators imho.

[Joshuar]

Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero).  No value in them as you can make your own clone / Monero for free.

Monero and Bitcoin is also a fork from some older idea... Just as Monero from Bytecoin.
You are almost speaking if they invented the wheel.

True, actually even the concept of the wheel itself was taken from previous "natural" things. Every idea comes from an impression, humans may have gotten the impression of a wheel or circle from their own bodies and nature among other things(Ex: The tips of the thumb and all other finger tips touching at the same time form a wheel of sorts, animals dig circle shaped burrows all the time, etc).

Bitcoin itself, its core components, were taken from mechanisms others have built such as it's very algorithm SHA256, the cryptography it uses, and more. The point isn't to try to so-call, "reinvent the wheel", it's to make a better "wheel" that fits the purpose for a large amount of people.

[Undermood]

Because 99.99% of them are forks of Bitcoin-QT or Cryptonote (Monero).  No value in them as you can make your own clone / Monero for free.

Monero and Bitcoin is also a fork from some older idea... Just as Monero from Bytecoin.
You are almost speaking if they invented the wheel.

True, actually even the concept of the wheel itself was taken from previous "natural" things. Every idea comes from an impression, humans may have gotten the impression of a wheel or circle from their own bodies and nature among other things(Ex: The tips of the thumb and all other finger tips touching at the same time form a wheel of sorts, animals dig circle shaped burrows all the time, etc).

Bitcoin itself, its core components, were taken from mechanisms others have built such as it's very algorithm SHA256, the cryptography it uses, and more. The point isn't to try to so-call, "reinvent the wheel", it's to make a better "wheel" that fits the purpose for a large amount of people.

yes, but we can still call it innovation, which package the existing substance to form a new things  or concept, not copy or paste.

[Hollowman338]

Don't fret!  Chicagoschooler is here to try to sell you his ideal reserve shitcoin.

[ðºÞæ]

There is a significant volume decrease at most of the altcoins. Except some coins , nearly all altcoins have very low volume (@cryptsy especially). What is your opinion about this? Why altcoins' volume dropped?

I have some conspiracy theories , but I like most the possibility of all whales went to holiday

because guys like you literally touch any junk and scam floating about

[Hollowman338]

Don't fret!

Your investment is NEM?

1 minute is a long time, 120x the time consumed by the Clotho-Hydra to achieve certainty, but at least I know NEM needs multiple confirmations for certainty, so the situation is even worse.

I see no price stability either.

Hold no matter what.  Believe no warnings.

My investment in NEM?

You mean the .0065 btc submitted during the call for participation?

My 44,900% return on that investment?  Is that the one you're talking about?

 


No one gives a fuck about your shitcoin boondoggle-horseshit money-gone-in-500-milliseconds garbage

[Hollowman338]

No one gives a fuck about your shitcoin boondoggle-horseshit money-gone-in-500-milliseconds garbage

For posterity (you forgot one).

[BitmoreCoin]

people are tired of scams and shitcoin.

People are losing interest on some altcoins. Only innovative coins will prosper.

[RaginglikeaBoss]

*Cough* for the ones new to trading this is one of those magical moments where large amounts of BTC/fiat can and will be made.  The sad part is most will choose wrong and I'd be lying if I said I wasn't happy.

I suggest newbies to really watch what happens this month so next time volume stalls you don't fall into the obvious traps.

[Netnox]

Only alts with a real world purpose stay alive who give people outside the Crypto community who don't basically care about Crypto still beneficial reasons to use it which 99.9% of alts don't offer, maybe 1 or 2. If this forum would stop existing majority of alts would be finished.

[kelsey]

people are tired of scams and shitcoin.

People are losing interest on some altcoins. Only innovative coins will prosper.

the ones plugged as innovative are the scams      its currency not a bloody moon landing.

[shanem]

Many people has stopped participating in the altcoin market due to many scams.
People have less confidence unless there are whales pumping the coin. Then greedy people will rush in again.