Condolences to the bitcoin die hards

[Pecunia non olet]

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

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[RaginglikeaBoss]

Pre-summer pump.  Welcome to trading crypto.

[Pecunia non olet]

Pre-summer pump.  Welcome to trading crypto.

Pre-summer pump is a myth like "weekend dumps". Such patterns do not exist. The only real such pattern is end-of-month dumps because people need to pay bills. Pre-summer pump doesn't exist as a reoccuring pattern. There isn't even enough data to support the idea.

I think we're seeing a somewhat longlasting correction. BTC is still holding 80% cap of the entire industry. That might shift a little.

[afbitcoins]

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

I think bitcoin is still king. but curious which alts you like?

[Pecunia non olet]

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

I think bitcoin is still king. but curious which alts you like?

It's king until it's not. I like all alts that aren't scams or thow-away kind. All longterm good/fair coins with community support so to speak. It's quite a few.
Good risk management and diverse portofolio is where it's at.

[Alley]

Can you give any examples of that type of alt?

[Morecoin Freeman]

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

[gizmoh]

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

Litecoin is still legitimate, one of the few coins where there was No premine by Dev.

[Pecunia non olet]

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

I have a different perception ... especially of darkcoin which was heavily instamined. In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world". So let's just say ALL coins are scam, honey; not  just every coin except the ones you hold. Alrighty?

On my part i see some legit alts too. I wouldn't say they are all scams. Most of them, but really not all.

I don't see why we actually even use the term "altcoins". In reality it's "cryptocurrency" and bitcoin is not special at all.

[Brewins]

when BTC falls, most alt coins fall, and no coin is even getting close to 1B market cap.

If BTC dies hard deserve condolences, I can't say what altcoin die hards deserve

[spud21]

........

In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".

...........

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

[Pecunia non olet]

when BTC falls, most alt coins fall, and no coin is even getting close to 1B market cap.

If BTC dies hard deserve condolences, I can't say what altcoin die hards deserve

Mate, you need to pay more attention. Alts went down with bitcoin last year. This year alts go up when bitcoin goes down. Coins are oversold massively. They bounce up effortlessly now.

[Pecunia non olet]

........

In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".

...........

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

Technically it was still a ninjalaunch and stealthmine. It wasn't widely known in the early years. Now it is and thus newer coins have more early adopters and better wealthdistribution. These are simply facts.

[Paashaas]

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

ahh another idiot who cant handle Bitcoin, k bey!

[Amph]

In my opinion all alt coins are scams. Some more than others.

This is coming from someone who got away with turning $3,000 into $50,000 from trading alt coins between 2013 and 2014 (Lite, Dark, Asia, Liberty, Voot).

I still feel somewhat dirty because I know a lot of people got trapped holding the bags.

Only Litecoin used to be legitimate and Darkcoin dev had good intentions too back then.

Only invest in alt coins if you are inside trading. Never try to chase a pump. You will get rekt.

I have a different perception ... especially of darkcoin which was heavily instamined. In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world". So let's just say ALL coins are scam, honey; not  just every coin except the ones you hold. Alrighty?

On my part i see some legit alts too. I wouldn't say they are all scams. Most of them, but really not all.

I don't see why we actually even use the term "altcoins". In reality it's "cryptocurrency" and bitcoin is not special at all.

bitcoin is special because it is the first, the others are clone, bitcoin it is not

bitcoin was released to everyone, the problem lies in the people of that time that saw it as a scam or virus, they didn't trust it, not certainly a bitcoin fault

also the diff started at 1, nothing to compare with the garbage altcoins full of initial blocks with xxxxx reward and the rest at xx, or diff at 0.0001(kimoto gravity or any better variant of it can't do shit here against instamine) that had helped exclusively, rented machines from all over the place

........

In my opinion bitcoin is a ninjalaunch/stealthmine scam too with very bad distribution of wealth. Bitcoin basically represents the concept of "dev premines a coin with his buddies for 6 to 18 months before releasing it to the world".

...........

When Satoshi released bitcoin to the world nobody gave a crap about it. That's why Satoshi and his buddies were the only early miners. There is no way I would accuse them of being scammers.

Technically it was still a ninjalaunch and stealthmine. It wasn't widely known in the early years. Now it is and thus newer coins have more early adopters and better wealthdistribution. These are simply facts.

the point stand, it was not a bitcoin fault, but a general wrong perspective, that users had at that time

[Pecunia non olet]

My condolences to the bitcoin die hards. You're looking at more slow decline or best case stagnation with some random little pump and dumps during next months while we rock the shit on alts in the foreseeable future. Soome hefty gains happening right now.
Don't get stuck holding a bag. 100% portofolio in old bitcoin is risky business.

#toldyou

ahh another idiot who cant handle Bitcoin, k bey!

This is pretty much a nothing-comment. I think i found a picture of you.

[Pecunia non olet]

bitcoin is special because it is the first, the others are clone, bitcoin it is not

First mover wears off.
Not all coins are a clone of Bitcoin. In fact these days none of the coins is a clone of bitcoin anymore. Nobody clones bitcoin anymore, really. A clone 1 to 1 wouldn't even go to exchanges or be mined nowadays.

bitcoin was released to everyone, the problem lies in the people of that time that saw it as a scam or virus, they didn't trust it, not certainly a bitcoin fault

How was it released to "everyone"? How? Who is "everyone"? A few people on a mailinglist for cryptography, that's who. (the dev and his buddies)
Normal people who were not on the mailinglist heard about it years later when silk road and the first bubble made headlines in also only a very few blogs and special interest magazines. In no way was it released to "everyone". Altcoins have been released to "everyone" after cryptocurrency NOW is widely known. Before 2012 nobody ever heard of it and a VERY SMALL GROUP OF PEOPLE were mining HIGH REWARDS on LOW DIFFICULTY on their LAPTOP CPUs.

It was a ninjalaunch and stealthmine which went on for years and led to miserable wealth distribution. Can't be denied.
There is even evidence to be found in the old archives that show satoshi did not want it to go public too early. Wonder why ... so he can mine with his Laptop some more hundreds of thousands with his other 20 to 40 friends.

Don't fool yourself. People know this.

[Amph]

bitcoin is special because it is the first, the others are clone, bitcoin it is not

First mover wears off.
Not all coins are a clone of Bitcoin. In fact these days none of the coins is a clone of bitcoin anymore. Nobody clones bitcoin anymore, really. A clone 1 to 1 wouldn't even go to exchanges or be mined nowadays.

bitcoin was released to everyone, the problem lies in the people of that time that saw it as a scam or virus, they didn't trust it, not certainly a bitcoin fault

How was it released to "everyone"? How? Who is "everyone"? A few people on a mailinglist for cryptography, that's who. (the dev and his buddies)
Normal people who were not on the mailinglist heard about it years later when silk road and the first bubble made headlines in also only a very few blogs and special interest magazines. In no way was it released to "everyone". Altcoins have been released to "everyone" after cryptocurrency NOW is widely known. Before 2012 nobody ever heard of it and a VERY SMALL GROUP OF PEOPLE were mining HIGH REWARDS on LOW DIFFICULTY on their LAPTOP CPUs.

It was a ninjalaunch and stealthmine which went on for years and led to miserable wealth distribution. Can't be denied.
There is even evidence to be found in the old archives that show satoshi did not want it to go public too early. Wonder why ... so he can mine with his Laptop some more hundreds of thousands with his other 20 to 40 friends.

i was not talking about pure clone, litecoin is not a non-clone because it use scrypt you know, the same for darkcoin or any other crap release today too, a clone is still a clone, as long as they share the base with bitcoin

it was available to everyone if you missed it it was your fault, i remember there were already video in 2009-2010 and official site(bitcoin.org) was running up by that time

https://en.bitcoin.it/wiki/History, it's not like it was hidden by satoshi so he could instamine a coin that was worth zero, come on be serious...

also he wasn't a propaganda man, it was difficult for him to spread the news regarding that new technology called bitcoin

[Pecunia non olet]

i was not talking about pure clone, litecoin is not a non-clone because it use scrypt you know, the same for darkcoin or any other crap release today too, a clone is still a clone, as long as they share the base with bitcoin

it was available to everyone if you missed it it was your fault, i remember there were already video in 2009-2010 and official site(bitcoin.org) was running up by that time

https://en.bitcoin.it/wiki/History, it's not like it was hidden by satoshi so he could instamine a coin that was worth zero, come on be serious...

The fact remains that bitcoins' distribution is the worst of almost all coins due to the fact that information does not spread as fast.


An altcoin that's 2 years old today normally has a much better distribution than bitcoin had when it was the same age. It is a provable fact that altcoins are much fairer distributed than Bitcoin could ever have been... and people know it and that's why the network effect of Bitcoin will be outdone by any altcoin with a better wealthdistribution on the longterm timeframe.

Bitcoins' networkeffect is inferior to that of popular altcoins on the longterm timeframe.

[LFC_Bitcoin]

I've never been remotely interested in buying altcoins, I just don't trust them or believe they have any real future.
As far as the success of cryptocurrency is involved it's Bitcoin or nothing imo.
I just don't think any altcoin offers anything to me/us that bitcoin doesn't.
As far as the OP title goes - Bitcoin is going nowhere.
2016 will be a big year for bitcoin & I believe is the time we really start to see results.