Altcoins dead?

[Nxtblg]

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

"Most"?? Which ones

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[Spoetnik]

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  

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

Welcome back.. cute watching many of these guys try and bullshit you lol
i am sure you know better

I think it's a problem of a shrinking user base in the scene.
I will leave it up to you guys to debate why here..

And we all know technically they don't actually die ..they just get close to death and linger on forever.
but i got what you meant OP ..close enough

.. sometimes you have to hollow out a Ton Ton and sleep in it's belly eh
it's time now !

edit:

You guys (left in the Altcoin scene) are like a handful of rats scurrying around in a dumpster looking for some scraps.

[HCLivess]

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.

This guy speaks the truth, listen to him

[ilovealtcoins]

Altcoins are only dead for as long as the BTC price is rising, when it starts to fall again (after speculators sell their coins) people will start moving back to Alts for a while. It's just the natural progression of things.

[tokeweed]

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  

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

As long as people are willing to trade them back and forth, altcoins will always be here to stay.  Maybe not as a currency, but maybe something to play around with for BTC/fiat.

[Spoetnik]

The annual monthly rebound (or when BTC spikes up) never offsets the price drop of Altcoins overall.
The price of alt's may go up and down but they have been dropping more than rising..
So in time they have been losing value if you look at the big picture.
If you can't see this your not looking hard enough or in denial.

People come to this stuff to make money and if almost no one is making money and almost no one is doing it.
Then it's dead.
And this IS what has happened already !

The game is over.. Altcoins "It was a thing"

You guys ruined it and i warned you too (and you all mouthed me off and denied it and called me a troll)
well look around.. it's a ghost town.

..nothing but a handful of bag holder rats scurrying around a dirty Ziplok baggy.
Face facts this crap is bleeding to death and it's on life support.
And that means places like Cryptsy could simply slam it's doors closed with no warning any time
(taking your coins in the process) as i have warned about looong ago countless times.

I'm a troll you guys cry ?
I am right and you don't want to hear it.
And rather than admitting there is a problem (so it can be fixed you guys push on with idiotic schemes)
Adding a Market to NXT or Monero or something is not going to save the day LOL

..catching a falling knife is fine but for fucks sakes guys use the bloody handle

[tokeweed]

So meaning very careful when deciding to buy and hold a coin for the long term with a significant amount of your hard earned money.  In fact, people here who have been around a long time should discourage newbies from doing so.  This is crypto, not a mutual fund. 

Don't gamble with your kid's college fund.


 

[alt19]

nothing new

altcoins are risky

BTC is risky

BTC $1,200 (2013) --> $180 (2015)
LTC $50 (2013) --> $0.85 (2015)

Cryptsy? many old notable altcoins are listed on several exchanges

decentralized exchanges? time will tell

now numbers

one year returns ($)
 
CSC/BTC  +3868.43%
NYAN/BTC +1330.50%
DGB/BTC +790.09%
EAC/BTC +649.31%
CLOAK/BTC +605.39%
TIPS/LTC +490.36%
FRAC/BTC +453.72%
CASH/BTC +383.46%
MINT/BTC +308.71%

but

XPY/BTC -99.77%
HYP/BTC -97.47%
RZR/BTC -95.40%
UTC/BTC -93.61%
AERO/BTC -91.84%
TEK/BTC -91.59%
SFR/BTC -87.91%
NEC/BTC -85.89%
VIA/BTC -85.36%
FTC/BTC -85.15%


you're right
kids/parents shouldn't gamble with crypto at all, it's risky

[ilovealtcoins]

The annual monthly rebound (or when BTC spikes up) never offsets the price drop of Altcoins overall.
The price of alt's may go up and down but they have been dropping more than rising..
So in time they have been losing value if you look at the big picture.
If you can't see this your not looking hard enough or in denial.

People come to this stuff to make money and if almost no one is making money and almost no one is doing it.
Then it's dead.
And this IS what has happened already !

The game is over.. Altcoins "It was a thing"

You guys ruined it and i warned you too (and you all mouthed me off and denied it and called me a troll)
well look around.. it's a ghost town.

..nothing but a handful of bag holder rats scurrying around a dirty Ziplok baggy.
Face facts this crap is bleeding to death and it's on life support.
And that means places like Cryptsy could simply slam it's doors closed with no warning any time
(taking your coins in the process) as i have warned about looong ago countless times.

I'm a troll you guys cry ?
I am right and you don't want to hear it.
And rather than admitting there is a problem (so it can be fixed you guys push on with idiotic schemes)
Adding a Market to NXT or Monero or something is not going to save the day LOL

..catching a falling knife is fine but for fucks sakes guys use the bloody handle

Sure, this is true, for now. What will probably happen is people will leave altcoins for a while, it happens in a lot of markets (especially when saturation is this high) but they won't leave for good. Eventually people will come back to Alts for whatever reason. Probably the price of BTC getting too high.

Alts will never really be DEAD, so to speak, they do serve an adequate purpose (experimentation, introductions to the crypto world, etc.) And that will be enough to keep them alive. Whether they hold any monetary value, however, could definitely be argued.

[gambit1]

Like I say alts enjoyed big gains recently so the whole premise of this seems strange. Ethereum, litecoin and namecoin all went up a great deal. People are still making money trading them. I made a bit; not a huge amount, around £3k or so. They don't seem any more "dead" then they ever have.

[Spoetnik]

@ilovealtcoins
That is weak..

Eventually people will come back to Alts for whatever reason

"whatever reasons" so that is what you are clinging to ?
sounds like a solid investment strategy.. good luck with your portfolio.
probably full of IPO investments that had strong white papers and lofty goals.  

you forget i predicted what would happen and why and i have been vindicated.
i was right and proved it *continually.. but all of a sudden i am wrong ?
based on what ? because you say so ? ..when did you get here and start this ?

"Eventually people will come back"
you say..
Why ?
They already came buddy.. and left !
why do you think they left ?

@gambit1
In order to make $3,000 usd profit on dirt cheap altcoins how much did you have to invest ?
Let's get that out of the way first off

2nd of all there always has and always will be random little pump's of action.
Just because you found an exception to the rule (i never denied in the first place) doesn't make the rule itself invalid.

Both of you came to this topic to defend Altcoins and you posted no real reason to do so.
I heard i "i made money today" and "for what ever reasons, they will come back"

you two guys think you won this argument ? LOL

[gambit1]

"In order to make $3,000 usd profit on dirt cheap altcoins how much did you have to invest ?
Let's get that out of the way first off Wink"

Invested 12k GBP, now valued at £15k GBP

"2nd of all there always has and always will be random little pump[s of action."

Maybe random but not little. Litecoin and Ethereum and Namecoin went up about 30-40% or so.

"Both of you came to this topic to defend Altcoins and you posted no real reason to do so."

I just don't see why people are saying altcoins are dead after a big pump into them.

"you two guys think you won this argument ? LOL"

Its not an argument. I have no emotional investment in alts, just a financial one.

[CryptoBjorn]

Alt's like btc are very risky.
Problem with alts is that there are too many scammers so people run away from them.

Now the BTC price is high, people sell and convert to fiat. Then when the decrease in btc starts, alt's will be very cheap and people will start buying it so the prices stabalizes again.

[Spoetnik]

@gambit1
Did you register at cs.rin.ru with the same name by chance ?

Also i don't think your looking at the big picture..
Those coins you say went up are an indication of the whole scene switching directions ?
Or do you deny the fact that this stuff is dead ?
How can you ?
Do i have to grab an endless stream of stats and my old quotes predicting it then quotes of me saying i told you so ?

You know i don't get it.. it baffles me no matter how bad this stuff gets you guys sit in pure denial.

[gambit1]

"Did you register at cs.rin.ru with the same name by chance ?"

Nope

"Also i don't think your looking at the big picture.."

Correct I'm looking at trading.

"Those coins you say went up are an indication of the whole scene switching directions ?"

Not really no. Well yes, in terms of price obviously it is.

"Or do you deny the fact that this stuff is dead ?
How can you ?
Do i have to grab an endless stream of stats and my old quotes predicting it then quotes of me saying i told you so ?"

Depends what you define as "dead". Obviously some people have some interest in them, even if its just to trade or the price wouldn't go up 30%. Ethereum more than doubled.

"You know i don't get it.. it baffles me no matter how bad this stuff gets you guys sit in pure denial."

Denial of what? Trading alts can be profitable. I'm not sure if that means that they can be "dead".

[Spoetnik]

Denial of what?
uhh the topic title

and even though there is random pumps on coins i would urge people to be cautious.
trading is just going to continually get more and more dangerous (because of a few reasons)

i am not saying don't play the game.
i am not saying you can't make money.

i am saying this scene as i predicted years ago now is limping along as close to death as it can get *almost.
i doubt many of these exchanges are making money (many closed doors long ago)

people leave.. exchanges close, this forum has no activity, tons of coins are abandoned.
and no matter what you guys see a bright future LOL

i have warned lots..
When i was a kid i stole my best friends cassette walkman because i knew i was moving.
get it ?

..provably not LOL
it's funny so many of you think your an expert on crypto altcoin stuff yet you can't carry on a conversation LOL

wake up guys.. no one is here (everyone left)
and those of you loitering around here are playing with fire.. good luck with that LOL

EDIT:

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MOON CHICKEN ARISE GET ON TEH TRAIN WOOO WHOOOOOOO
LIEK I MADES SO MUCH BITCOINZ LIEKOMG !!111
CHEAP COINS WOW I AM BUYING MOAAAAR !!!!

[gambit1]

Why do you care? Altcoin trading is working out for me so far. The fact that its risky adds to the profit; you need good volatility for good returns.

Anyone can make money from anything its just a case of timing and execution. Even if altcoins were "dead" or "dying" you could make money off that.

[onewiseguy]

All altcoins are crap seeing from the past year alone crap coins have been coming out, just for the sake of it.

Bitcoin will only be the top cryptocurrency no matter what.

Good for making a quick buck nothing more.

[gambit1]

"Good for making a quick buck nothing more."

Yeah because who likes money. Overrated I say.

[ilovealtcoins]

@ilovealtcoins
That is weak..

Eventually people will come back to Alts for whatever reason

"whatever reasons" so that is what you are clinging to ?
sounds like a solid investment strategy.. good luck with your portfolio.
probably full of IPO investments that had strong white papers and lofty goals.  

you forget i predicted what would happen and why and i have been vindicated.
i was right and proved it *continually.. but all of a sudden i am wrong ?
based on what ? because you say so ? ..when did you get here and start this ?

"Eventually people will come back"
you say..
Why ?
They already came buddy.. and left !
why do you think they left ?

@gambit1
In order to make $3,000 usd profit on dirt cheap altcoins how much did you have to invest ?
Let's get that out of the way first off

2nd of all there always has and always will be random little pump's of action.
Just because you found an exception to the rule (i never denied in the first place) doesn't make the rule itself invalid.

Both of you came to this topic to defend Altcoins and you posted no real reason to do so.
I heard i "i made money today" and "for what ever reasons, they will come back"

you two guys think you won this argument ? LOL

Nah brah, I don't have a portfolio, I just like the idea of Altcoins.

See the thing is, right now, Altcoins are a completely saturated market. Everyone and their grandmother has an altcoin, which is fine, Altcoins are cool, if you want one then all the power to you, I'll even make it for you. The problem with a saturated market, however, is there is too much supply cause by too little demand. When the market slows down, demand goes up. Same thing happened with video games.

I'm just saying that Altcoins do serve a functional purpose, basically like a proof of concept for Bitcoin. I agree that Bitcoin will most likely remain the top dog in terms of coins, which makes sense, it was first to market and provided a major technological and economic break through. That doesn't mean other people can't join in on the fun. If it fails, it fails, some people lose money, sure. But it's the same with any investment, there will ALWAYS be failures.

And I never said I won the argument. You could be right and Altcoins may be dead forever, never to return. But I will always like Altcoins, they interest me. Sorry if you can't understand that.