Funny how bitcoin controls everything

[unusualfacts30]

I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.

so eventhough you lost btc you got richer.

thoughts?

[g3rszpi]

This will never happen. But the hope dies last it would be nice morning

[g3rszpi]

I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.

so eventhough you lost btc you got richer.

thoughts?

I think that Bitcoin and altcoin prices are tied but if an extreme jump like that happened I don't think they would be as nearly tied as you think. There are too many altcoins and too many factors.

Dont count in the shit coins. There are just like 5-10 significat altcoins.And only these are influencing only.

[unusualfacts30]

I would be glad to see BTC price $10,000, but what if the opposite?
BTC to $10 and some altcoins to $100,000 market cap from $2,000?
I think it is easier to find 100 altcoin adopters with $1,000 than 100 USD Billionaires who would invest their billions in Bitcoin to hit $10,000. It seems people outside this community usually don't invest in BTC, LTC, or in any altcoin now. The masses believe (TV, news = brainwashing) all coins (including BTC and LTC) are garbage and hyip, well, I'm not correct, the masses have not even heard about LTC or about other altcoins. They prefer dollars or euros to hold.

You may say that if Bitcoin goes to $10, altcoins will be much lower, but it may be true for high valued altcoins only.
Or in this case I personally will buy ALL old small cap altcoins listed on Cryptsy just for my collection.

Disclosure: I hold BTC, LTC and many other altcoins. My whole portfolio's USD value now is 4 times higher than in Jan 2015.
If I held BTC only, it would be +40% max. I prefer investing into broad spectrum of old coins (thus no liquidity problems).

issue with altcoins is that most of them are unstable. If bitcoin gets 10% visibility..altcoins probably get 0.01% visibility from general population. Any new investor coming in altcoin would end up leaving after losing money and then stick to bitcoin or fiat.

[harizen]

I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.

so eventhough you lost btc you got richer.

thoughts?

Well if you woke up with the good news just be thankful . If opposite accept the fact but it has solution. Just hold and hold. Bitcoin price is unstable everyday.

[talkbitcoin]

I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.

so eventhough you lost btc you got richer.

thoughts?

but if you havent lost you now could've had $1000 instead of $500

[HeXaN]

Its the altcoin magic, today=0.00001, tomorrow=0.1

[foxkyu]

Its the altcoin magic, today=0.00001, tomorrow=0.1

that could be happen on scam ico coin like diggits and dibbits.
for example : ico price on diggits was 50 sat which is almost all coin has bought by dev himself and and after on the exchange he pump to 0.01.
which is up to more than 1000%.

[GODLIKE]

Bitcoin and altcoins ties are very weak.
They are powerful right now, just because ALL cryptocurrencies are mostly used for SPECULATION.
This means when people see Bitcoin is raising, they trust more that all altcoins will be useful as well... which is not necessarily true... and probably just not true at all.

Once Bitcoin will become mainstream for USE (buying goods), then it will REALLY take off and blow up to 10000$ in few months, then to 100000$ in another year.

But at that point, altcoins will stop at the bar for a very simple reason: Bitcoin will take off because it will be possible to use it to actually BUY STUFF.
That's because it has been implemented as a method of payment on thousands and thousands of shops and services, thing that is NOT happening with altcoins.

It MAY happen in the future, though, especially for Litecoin, imho.
But in first instance, altcoins could take a severe hit when Bitcoin will boost to the Moon, exactly because people will understand that its value is in its spreading in the mainstream as a way of buying goods, and altcoins could be seen as a failure as they will remain in there only still as speculative currency.

[g3rszpi]

Its the altcoin magic, today=0.00001, tomorrow=0.1

that could be happen on scam ico coin like diggits and dibbits.
for example : ico price on diggits was 50 sat which is almost all coin has bought by dev himself and and after on the exchange he pump to 0.01.
which is up to more than 1000%.

but also these kind of market keep alive the cryptoecosystem

[s1ng]

Anything still possible as long as they can be proven and calculated.
For now I'm holding Stellar,bitcoin,& Doge. Although I'm not saving much but at least I can turn some profit for holding as long as possible until the time has come to sell it away

[KlondikeBear]

Who knows what will be in the future? It is always unpredictable.
All I know I can buy everything on Amazon, eBay, Overstock, Groupon, to pay for domains and hosting on Namecheap etc. with Mooncoin NOW.
I'm planning a trip soon and will book rooms for Mooncoin. Seems impossible? Just visit http://mooncoin.com/market.php and try it.
Yes, via payment gateway, but anyway I can buy everything on famous internet marketplaces for Mooncoin. Overstock.com has more than 1 million of products. Amazon?
 
I love this currency, the price format, 200 bln supply, and I am a Billionaire, $676 is a worth of 1 Billion.
I love that it is faster than BTC and LTC, synchronizing and transactions are much faster.
I love the name. Bit (Lite) sounds boring.
Please tell me why should I sell my Mooncoins, if I can spend them? Sometimes I'm even paying Mooncoins to people who even haven't heard about Mooncoin, and they are happy to get it.

I feel sometimes people don't understand altcoin communities, maybe this post could explain?

Bitcoin and altcoins ties are very weak.
They are powerful right now, just because ALL cryptocurrencies are mostly used for SPECULATION.
This means when people see Bitcoin is raising, they trust more that all altcoins will be useful as well... which is not necessarily true... and probably just not true at all.

Once Bitcoin will become mainstream for USE (buying goods), then it will REALLY take off and blow up to 10000$ in few months, then to 100000$ in another year.

But at that point, altcoins will stop at the bar for a very simple reason: Bitcoin will take off because it will be possible to use it to actually BUY STUFF.
That's because it has been implemented as a method of payment on thousands and thousands of shops and services, thing that is NOT happening with altcoins.

It MAY happen in the future, though, especially for Litecoin, imho.
But in first instance, altcoins could take a severe hit when Bitcoin will boost to the Moon, exactly because people will understand that its value is in its spreading in the mainstream as a way of buying goods, and altcoins could be seen as a failure as they will remain in there only still as speculative currency.

[GODLIKE]

Who knows what will be in the future? It is always unpredictable.
All I know I can buy everything on Amazon, eBay, Overstock, Groupon, to pay for domains and hosting on Namecheap etc. with Mooncoin NOW.
I'm planning a trip soon and will book rooms for Mooncoin. Seems impossible? Just visit http://mooncoin.com/market.php and try it.
Yes, via payment gateway, but anyway I can buy everything on famous internet marketplaces for Mooncoin. Overstock.com has more than 1 million of products. Amazon?
 
I love this currency, the price format, 200 bln supply, and I am a Billionaire, $676 is a worth of 1 Billion.
I love that it is faster than BTC and LTC, synchronizing and transactions are much faster.
I love the name. Bit (Lite) sounds boring.
Please tell me why should I sell my Mooncoins, if I can spend them? Sometimes I'm even paying Mooncoins to people who even haven't heard about Mooncoin, and they are happy to get it.

Just my opinion, dude.
But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

Btw, future IS predictable. Only, far future is not. But you predict future with each your move.
Based on the variables I know now, that's my opinion

Hold your Mooncoins, maybe they will explode in the future... or maybe they will crumble to zero... who knows. Don't follow my reasoning: I am nobody.

[KlondikeBear]

I was thinking of that, too, but if I hold Mooncoins why should I exchange them to LTC or BTC first, if I can buy directly for Mooncoins, to send Mooncoins from my wallet or from Cryptsy balance?

Holding 2.5 BTC instead of 1 Billion Mooncoins is boring, but it is just my feeling, don't listen to me... altcoins can be risky indeed.

But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

[GODLIKE]

I was thinking of that, too, but if I hold Mooncoins why should I exchange them to LTC or BTC first, if I can buy directly for Mooncoins, to send Mooncoins from my wallet or from Cryptsy balance?

Holding 2.5 BTC instead of 1 Billion Mooncoins is boring, but it is just my feeling, don't listen to me... altcoins can be risky indeed.

But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

Ye well if you use them and you "feel good" by having billions of coins, good for you

My discussion was in case of investment: you don't want to put 10000$ into altcoinX just to have billions of them, and find one day that Bitcoin skyrocketed and your altcoinX value is now 0.000000000004 BTC each.

But yes, I may be completely wrong in my prediction... still, if you can't find any logic fallacy, that's the best there's around at the moment, and if you can find more variables to add to the equation, I'll be glad to implement them

[KlondikeBear]

Is it not boring to have Bitcoin only?
When you are talking with other members of community, when you see their efforts, for instance, one Mooncoin believer is in a real process of making MOON a currency of his native town in Italy, another member is starting a new pool.. some have been hacked, there is one dumper with several billions who permanently is trying to dump a price... and investors who buy and so defend price... well, I cannot explain it. You must feel it. It may be a great hobby and everybody can participate and be a kind of "whales".
Btw do you know that we have convinced a person, on whose code Dogecoin was based, to join Moon development?
Mooncoin users are discussing security issues, decentralization, and a lot of questions on a daily basis via PMs and e-mails and in our thread https://bitcointalk.org/index.php?topic=389403.9620
I don't know another coin with so decentralized scheme of development.
If I just held Bitcoin, I never would know a lot of things regarding cryptocurrency, I would be just a person late for Bitcoin train.
Bitcoin? Well, I was buying it earlier, with leverage sometimes, but have lost money. Still I have a lot of BTC frozen on MtGOX. If they return them, I'll buy a lot of Mooncoins instead of holding BTC.

I think if BTC rises, people will be glad and will feel themselves rich and they will diversify their investments and will buy altcoins.
Altcoin market capitalizations may rise even faster, a price is a balance between supply and... you know.

I was thinking of that, too, but if I hold Mooncoins why should I exchange them to LTC or BTC first, if I can buy directly for Mooncoins, to send Mooncoins from my wallet or from Cryptsy balance?

Holding 2.5 BTC instead of 1 Billion Mooncoins is boring, but it is just my feeling, don't listen to me... altcoins can be risky indeed.

But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

Ye well if you use them and you "feel good" by having billions of coins, good for you

My discussion was in case of investment: you don't want to put 10000$ into altcoinX just to have billions of them, and find one day that Bitcoin skyrocketed and your altcoinX value is now 0.000000000004 BTC each.

But yes, I may be completely wrong in my prediction... still, if you can't find any logic fallacy, that's the best there's around at the moment, and if you can find more variables to add to the equation, I'll be glad to implement them

[GODLIKE]

Is it not boring to have Bitcoin only?
When you are talking with other members of community, when you see their efforts, for instance, one Mooncoin believer is in a real process of making MOON a currency of his native town in Italy, another member is starting a new pool.. some have been hacked, there is one dumper with several billions who permanently is trying to dump a price... and investors who buy and so defend price... well, I cannot explain it. You must feel it. It may be a great hobby and everybody can participate and be a kind of "whales".
Btw do you know that we have convinced a person, on whose code Dogecoin was based, to join Moon development?
Mooncoin users are discussing security issues, decentralization, and a lot of questions on a daily basis via PMs and e-mails and in our thread https://bitcointalk.org/index.php?topic=389403.9620
I don't know another coin with so decentralized scheme of development.
If I just held Bitcoin, I never would know a lot of things regarding cryptocurrency, I would be just a person late for Bitcoin train.
Bitcoin? Well, I was buying it earlier, with leverage sometimes, but have lost money. Still I have a lot of BTC frozen on MtGOX. If they return them, I'll buy a lot of Mooncoins instead of holding BTC.

I think if BTC rises, people will be glad and will feel themselves rich and they will diversify their investments and will buy altcoins.
Altcoin market capitalizations may rise even faster, a price is a balance between supply and... you know.

I was thinking of that, too, but if I hold Mooncoins why should I exchange them to LTC or BTC first, if I can buy directly for Mooncoins, to send Mooncoins from my wallet or from Cryptsy balance?

Holding 2.5 BTC instead of 1 Billion Mooncoins is boring, but it is just my feeling, don't listen to me... altcoins can be risky indeed.

But why would I use Mooncoins when I have to make this machinery around to spend them, when I can use Bitcoins straight into the Amazon website?

Ye well if you use them and you "feel good" by having billions of coins, good for you

My discussion was in case of investment: you don't want to put 10000$ into altcoinX just to have billions of them, and find one day that Bitcoin skyrocketed and your altcoinX value is now 0.000000000004 BTC each.

But yes, I may be completely wrong in my prediction... still, if you can't find any logic fallacy, that's the best there's around at the moment, and if you can find more variables to add to the equation, I'll be glad to implement them

Not everybody is a technician, programmer or so much enthusiast.
I am not a programmer, though I know quite a lot on the matter, I am not an economist, and I have many other hobbies to waste my time onto
So I only watch cryptocurrencies as an investment, and so my other hobby is try to predict their behaviour.
So, I can add all your enthusiasm and other enthusiasm of ther hundreds or thousands of boys around the planet about cryptocurrencies, and working on more altcoins, still I don't think they will make such a difference.
They would kick ass much better if they would try to promote Bitcoin... it would be SO NICE to see shop after shop after shop exposing a label BITCOIN ACCEPTED... I would so much love it.
But really, if you LIKE to be INVOLVED in the development, just do it: the only thing that matter in life is have PLEASURE out of it.

And while thinking to this, I may have come up with a method to help Bitcoin adoption, I'll keep the test up in the following month and see how it goes.
If it works, I'll post a topic here on the forum... this COULD become a BOMB to help Bitcoin adoption around the world.

[anderson00673]

I think it is natural that bitcoins are the major basis for comparison.  This might not always be the case, but right now it is the most valuable coin, and the most widely used/accepted.  Most alt coins (including shit coins, because hey, they have at least some value) are not accepted by anyone for payment, so if you want to actually use your coins, you will need to trade them in for one of the major coins, and depending on where you want to spend them, that likely means bitcoins and not one of the other main alts.

[GODLIKE]

you will need to trade them in for one of the major coins, and depending on where you want to spend them, that likely means bitcoins and not one of the other main alts.

And that's why I think that altcoins are worthless at the moment.
You want to pay with a cryptocurrency?
Bitcoin is implemented, altcoins are not.
Very easy.

[Ingatqhvq]

I find it funny. Assuming you have 0.10 BTC worth of Altcoin in your pocket...price goes half within next day and it turns into 0.05. You're pissed off and you go to sleep crying about how you lost BTC. Next morning you wake up and BTC price has reached $10,000.

so eventhough you lost btc you got richer.

thoughts?

People buy altercoin is just to want to earn more bitcoin, that's it.