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Author Topic: Altcoins dead?  (Read 6156 times)
unusualfacts30
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November 03, 2015, 12:53:38 PM
 #1

Haven't been online in few months and I come online today and see all altcoins are dead? Little to no movement in past few months, majority of that is downward movement. Scammers have run out of ideas? people stopped investing?

What is going on?

meanwhile BTC is heading back to $400  Tongue

I knew it was going to happen, didn't expect it was going to happen this soon. lol

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November 03, 2015, 01:41:58 PM
 #2

bitcoins will always be #1
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November 03, 2015, 01:50:49 PM
 #3

Haven't been online in few months and I come online today and see all altcoins are dead? Little to no movement in past few months, majority of that is downward movement. Scammers have run out of ideas? people stopped investing?

What is going on?

meanwhile BTC is heading back to $400  Tongue

I knew it was going to happen, didn't expect it was going to happen this soon. lol

Alts are connected to bitcoin but with high Beta

When bitcoin is going down the altcoin market will go down x times more
When bitcoin is going up the altcoin market will go up x times
although it doesnt happens exactly at the same time, usually there is some delay. I believe that because of bitcoin rose up the last couple of weeks you will see the altcoin market recovering again.
But thats ofcourse just my speculation
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November 03, 2015, 02:31:46 PM
 #4

Most altcoins are dead. Although bitcoin is having a great rally, I don't see much volume for altcoins compared to 1 or 2 years ago. Many people are buying into bitcoins than into other altcoins.

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November 03, 2015, 02:52:16 PM
 #5

Altcoins aren't dead, never will be. Even if Bitcoin remains top dog.

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November 03, 2015, 02:59:51 PM
 #6

Altcoins aren't dead, never will be. Even if Bitcoin remains top dog.
agree! Altcoins provide supplements for Bitcoin, like anonymous features,  assets trading platforms , smart contracts functions, color coins etc, which Bitcoin aren't able to provide. They stil have a great market in our real life! Now the market is just focusing on Bitcoin! IMO the market wouldn't be always like this. Altcoins are not dead , never will.

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November 03, 2015, 03:08:37 PM
 #7

Some altcoins has been dead but much more not dead,maybe its time to buy them for cheap now.
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November 03, 2015, 03:40:55 PM
 #8

Haven't been online in few months and I come online today and see all altcoins are dead? Little to no movement in past few months, majority of that is downward movement. Scammers have run out of ideas? people stopped investing?

What is going on?

meanwhile BTC is heading back to $400  Tongue

I knew it was going to happen, didn't expect it was going to happen this soon. lol

Well...here's a reasoning-by-analogy bit that I cling to. Wink

When gold recovers from a bear market, the senior producers recover first. Sometimes they jump up before gold itself gains traction; sometimes not. But it's the seniors that benefit first. The other more under-the-radar gold stocks keep languishing.

As gold continues to go up, eventually enough punters figure that the gold recovery is "real" and begin to scout around for missed opportunities. As with all market movements dependent upon the actions of people, the shift process is so subtle that it's unpredictable. To be honest, the only feasible strategy to play it is to get in early and wait...a long time that seems very long when "every" stock but yours is going up. Undecided

At this second stage, the ones that take off are the junior producers. They're ones who are making money, or could be making money if the gold market co-operated, but they typically are pulling gold out of the ground and selling it. Their lack of visibility tends to come from they being too small to rate being included in the major well-watched gold-stock indices.

During these two stages, the exploration companies - the mining sector's answer to vapourware companies - still languish. Exploration companies typically have no revenue and depend upon capital infusions to keep going. Unless an exploration company is extraordinarily lucky [or extraordinarily unlucky, but that's a different story] this new capital has to be new equity. It has to be a new share issue, typically through an off-market procedure called a "private placement." Any cash in the bank is expected to be spent on exploration work.

When the entire exploration subsector is languishing, typically in the later parts of a gold bear market but also in the early stages of a gold bull market, you see something that's really disheartening. An exploration company issues a good, great or huge success from one of their properties - usually, a result from their latest diamond-drilling rock-sample program - that would have made the stock explode upwards in better times. But in languish times, the market yawns. It doesn't frown, it yawns. These are times when an exploration company releases drill results than make a punter like me go "wow!!" - but the stock itself doesn't move. It not only doesn't move in price, it doesn't move in volume. By price-and-volume charts, it looks like the company didn't release any news at all!

Until that same subtle, impossible-to-predict revival process hits the exploration market. Then, its stocks start to boogie too. In fact, this stage of a gold bull tends to produce those spectacular gainers that show up in the advertisements of certain market letters. Wink What makes them explosive at that time is essentially an overlap between a company releasing a spectacular drill result at the time when the exploration-market itself is waking up.

Again, the wake-up process is subtle and dependent upon what goes on in punters' minds: it's therefore unpredictable. Again, the only way to play it is to buy early, wait, hope and endure.

----------

To the extent that this analogy is valid, the big BTC is a combo of gold and the senior gold stocks. The typical altcoin is a lot like those exploration companies.

So if my analogizing is good enough to go on - please note this thinly-disguised disclaimer - the alts are going to look dead for some time: they'll keep languishing while BTC plows upwards. At this point, it's pretty clear that the long, grinding, post-bubble Bitcoin bear is over. Interesting that the XT flap has coincided with the end of the Bitcoin bear market. Either that, or it hobbled the start of the new Bitcoin bull market. [The charts suggest the latter.]

My call: the alts aren't dead, they're frustratingly dormant. And they'll stay that way for some time - a tough time, where the big BTC continues to make them look dead by comparison. Until, that is, enough punters start looking downwards and putting their Bitcoin where there hopes are...






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Bitcoininspace
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November 03, 2015, 03:42:25 PM
 #9

bitcoins will always be #1
This is something I have to agree with, even though I have been involved in the altcoin community for a long time. No way it will surpass btc, at least not any time soon.

                                     
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November 03, 2015, 04:24:25 PM
 #10

Altcoin are made by some pumper and dumper who are ready to manipulate market for seeking some profit.
But as we can see nowdays , it's quite difficult to make it right since it's getting stricter
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November 03, 2015, 04:25:32 PM
 #11

There will come a time, even though it might even take until 2020 to happen, when a Cryptonote based coin will supercede Bitcoin in price.  It's likely that will be Monero due to first (fairly launched) first mover effects, but the important part is the Cryptonote protocol itself - not which individual blockchain.  
  
The simple fact of the matter is that private money is more valuable than public money.  
  
Here's a math problem for you: Pretend we were playing Texas Hold'em, and all rules were normal except one: You still get two personal cards, but only one of those is private.  The other is flipped up for everyone at the table to see by default unless you pay an extra ante before the dealing commences on any hand.  If you pay the [extra] amount you get two private cards, like regular Texas Hold'em.  Now, in a game where we all start with 1000 chips, how much is the average value of starting with your second card also private?  What is the appropriate cost of that [extra] amount?  
  
If you come up with a good answer, I'll send you 10 XMR.   Wink Cheesy  
  
The point is: private moves in a game are very valuable.

Account is back under control of the real AmericanPegasus.
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November 03, 2015, 04:27:41 PM
 #12

Quote
meanwhile BTC is heading back to $400
In percentage terms, most Tier 1 Altcoins like Doge, LTC and a few others didn't do so bad either (like +30-50%).

The last time (2013), Bitcoin rose more extreme in the first few days/weeks and LTC looked like it would die, but then after BTC was around $600 or $700 suddenly LTC and all the other Altcoins started rising like crazy and even Bitcoins price increase paled in comparison (from $1 to 49 or whatever is more impressive than from $85 to 1200).

Screenshot from 2013 related.
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November 03, 2015, 04:36:05 PM
 #13

I think simply people are getting more intelligent.

The scamcoin wave is pretty dead. (Well, people now have MMM that's pretty similar, haha)

But the death of scamcoins is precisely the opportunity for altcoins that really try something different. Coins like NXT, Dash, Ethereum, Peercoin, Bitshares, NEM ...

But it will take some time until they join Bitcoin in the rally.

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November 03, 2015, 04:45:28 PM
 #14

I think simply people are getting more intelligent.

The scamcoin wave is pretty dead. (Well, people now have MMM that's pretty similar, haha)

But the death of scamcoins is precisely the opportunity for altcoins that really try something different. Coins like NXT, Dash, Ethereum, Peercoin, Bitshares, NEM ...

But it will take some time until they join Bitcoin in the rally.

Same reasoning for 1ex.trade coming into play soon by the WBB dev Smiley

I'm bagholding everything else as of now Sad lol
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November 03, 2015, 08:23:12 PM
 #15

All the money is now pumping into BTC. Once the rise slows down the whales start itching and start plating with altcoins. You can try and benefit from it if you're willing to risk it, but the only winners are the whales.

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November 03, 2015, 09:26:01 PM
 #16

All the money is now pumping into BTC. Once the rise slows down the whales start itching and start plating with altcoins. You can try and benefit from it if you're willing to risk it, but the only winners are the whales.
Yes, pump and dump is the sad tale of all altcoins and most may never go anywhere long term really.
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November 03, 2015, 09:52:56 PM
 #17

You guys ruined altcoins with your greed lol

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November 03, 2015, 09:58:10 PM
 #18

I really trust in Darknote,because it is stable coin a long time ago Smiley
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November 03, 2015, 10:38:10 PM
 #19

The OP's view bears no resemblance to reality. Most altcoins have gone up like crazy recently.



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PatrickMacH
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November 04, 2015, 01:05:23 AM
 #20

Most altcoins are dead. Although bitcoin is having a great rally, I don't see much volume for altcoins compared to 1 or 2 years ago. Many people are buying into bitcoins than into other altcoins.

The main purpose of the many altcoins out there is hopefully not to get rich within days; that was also not the case when the rally started tough on the early days of bitcoin. You're ideas and invention made bitcoin a success story, finally.

Altcoins should regarded as be a pool of invention for new ideas and concepts which may make our future more pleasant. Smiley

As the majority of altcoins are open source projects - sharing the ideas with all you other freaks out there can help us to improve things to be better tomorrow than it's the case today. Cool

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