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Author Topic: are altcoins dead?  (Read 681 times)
xk001
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November 01, 2015, 12:26:03 PM
 #1

everyone is fighting for 2.0 blockchain.

we have ripple, stellar, ethereum, bitcoin sidechains, blackhalo, nxt, etc...


all these are networks. but it seems banks will go for XRP STR ETH or BTC sidechains... blockchain 2.0 doesnt give much   space for other alts... does it?
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November 01, 2015, 12:28:24 PM
 #2

the altcoin scene is long gone, i can certainly say that it was dead in late 2014 already, the last attempt was with burst and dash coin
i would avoid it completely now, there is no profit to be made, it's just scammers scamming each other
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November 01, 2015, 12:30:22 PM
 #3

I don't see any future in altcoins. Too many different Coins, too many scams.



Thats why I only stick to the first digital Currency  Grin
bitrev
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November 01, 2015, 01:08:00 PM
 #4

Remember the BTC volume is also depended on the ALTS market.

So yeah for now it is in the best interest that ALTS are here.

I expect that in the long run some niche alts will survive for; tipping, croudfunding etc.

And maybe, just maybe 1 altcoin with real innovation & marketing will bypass BTC
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November 01, 2015, 01:19:43 PM
 #5

Most popular altcoins will survive  Wink I think there can be up to five main altcoins in the market  Grin
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November 01, 2015, 02:29:30 PM
 #6

I don't see any future in altcoins. Too many different Coins, too many scams.



Thats why I only stick to the first digital Currency  Grin


Bitcoin is king, and no altcoin will ever come anywhere near Bitcoin as long as there are thousands of altcoins competing for the tiny amount of money in the market.

Burning Altcoins for Redemption and Reduction - http://barr.me
MoorChael
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November 01, 2015, 02:38:26 PM
 #7

Alts are not dead, if you think about it the bitcoin ecosystem is relying on them, as we don't have massive influx in commerce, so the gap is filled with alts.

We have cross -trading, arbitrage and exchange hips thanks to them. Even if the damn alts are just temporary pain relief, they should exist in order to perceive the future benefits!
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November 01, 2015, 02:52:43 PM
 #8

I don't see any future in altcoins. Too many different Coins, too many scams.



Thats why I only stick to the first digital Currency  Grin


Bitcoin is king, and no altcoin will ever come anywhere near Bitcoin as long as there are thousands of altcoins competing for the tiny amount of money in the market.

+1   The nearest to reality.

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November 01, 2015, 02:53:43 PM
 #9

I have been hearing this question for a long time. The answer is yes and no. Most altcoins will be dead but there will a few which will become the biggest altcoins in the future.

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November 01, 2015, 03:03:14 PM
 #10

I have been hearing this question for a long time. The answer is yes and no. Most altcoins will be dead but there will a few which will become the biggest altcoins in the future.

+1   The nearest to future.

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November 01, 2015, 03:38:34 PM
 #11

No, the alt coins are not dead as long as people want to buy them. and the pumps over the last days show that there is interest.

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November 01, 2015, 03:45:02 PM
 #12

Im not too sure about new alts but I know that thr current alts like doge coin and the others will probably get as high as bitcoin some day in the future...

bitcoin weeeeee!
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November 01, 2015, 03:50:51 PM
 #13

Do you mean altcoins in common or only the 2.0 coins? I think 98% of all altcoins are just toys for pumpers and dumpers. So, I would call them not dead but worthless. There are some which are very promising including the ones you have mentioned.

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November 01, 2015, 03:55:04 PM
 #14

far from dead if you have access to cheap power & some second hand mining equipment..
excluding power, 28mh will yield you 0.00322BTC/day from sites like nicehash..

stratums and rented hashpower are still a cashcow for those with the knowledge

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mine MOON at http://moonrush.org
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November 01, 2015, 06:18:16 PM
 #15

According to cointmarketcap right now, Bitcoin has a market cap of a little more than $4.5 billion.  Every other altcoin totals up to just a little more than a half of a billion. 

Bitcoin is down quite a bit, but alts are about the same as they were in a worksheet I just reviewed from August of 2014. 

Make what you will of that.  Either alts have held up better than bitcoin...or alts haven't managed to move up from $500mm in 15 months. 

If you look at the auto industry in the US in the early 1900's, there were literally hundreds of small auto makers.  Eventually, the auto industry went from highly fragmented to highly concentrated.  That will probably have to happen with alts, simply because it's unlikely that the world would support hundreds of cryptocurrencies, keep hundreds of wallets, or deal with trying to keep track of which merchants would take which ones.  But it's a lot different from making cars, where the plant and equipment costs are substantial.  When you can't pay the bills, your shit gets foreclosed.  Alts can languish for years, just hanging around on exchanges or even getting de-listed. 

I'd say the story has not yet been told.  I'm pretty skeptical that we'll see more than a handful really gain true traction, and the ones that do will have to be highly differentiated from each other and from bitcoin.
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