gentlemand
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Welt Am Draht
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January 27, 2016, 04:08:21 PM |
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The bonkers volumes are on poloniex. They're about as solid as alt exchanges get even though they tthemselves have been hacked. They sorted it with some class.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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abs350
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January 27, 2016, 04:08:41 PM |
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pump and dump
only one thing that is important is hash rate of each coin. Bitcoin is always #1
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criptix
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January 27, 2016, 04:09:27 PM |
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for western ppl there is only poloniex and bittrex left.
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richardsNY
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January 27, 2016, 04:20:08 PM |
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I think it's mostly due to the fact that people have lost their coins when Cryptsy went down. People are buying back the altcoins on other exchanges and are driving the prices up to high levels.
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safari88
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January 27, 2016, 04:25:14 PM |
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Vertcoin up over 200% really remarkable, I made quite a lot of advantages in altcoins the last few days
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Herbert2020
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January 27, 2016, 04:42:28 PM |
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Look at http://coinmarketcap.com/Lots of money pouring into alts due to this ridiculous blocksize debate. Needs to get fixed soon. your reasoning is a bit off. i am not saying blocksize debate had 0 effect. but i am saying it is not the main reason. these pumps and 100%-200%-500% increases is nothing new in altcoin market. it has always been like this. in coinmarketcap.com just click on the charts and set the time-frame to all (more than a year) you will see that the #pump pattern keeps happening every now and then in each coin.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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mtnsaa
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January 27, 2016, 04:49:11 PM |
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If you are in the know or have inside information you can definitely make a lot of money. The only pump I think it could be sustainable somehow is ETH though. I can see that project actually having some traction in the real world soon but that doesn't mean it will cost much more than it currently is, not altcoins will be valued at $400 like BTC or achieve such gains.
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Local Heads
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January 27, 2016, 05:50:27 PM |
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Look at http://coinmarketcap.com/Lots of money pouring into alts due to this ridiculous blocksize debate. Needs to get fixed soon. your reasoning is a bit off. i am not saying blocksize debate had 0 effect. but i am saying it is not the main reason. these pumps and 100%-200%-500% increases is nothing new in altcoin market. it has always been like this. in coinmarketcap.com just click on the charts and set the time-frame to all (more than a year) you will see that the #pump pattern keeps happening every now and then in each coin. Yep, I really don't think very many people are actually freaked out by the block debate. Maybe a few noobies who have only been in bitcoin for a few months, but nobody with perpective should care. I've been holding and watching the charts nearly even days since summer '13. I'm not worried in the slightest. Trade volume is a bit lower than I like but it's been that way since the drop from 1k, nothing new. This is 2016, been waiting for this year since I bought my first coin. Popcorn is popping...
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actmyname
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Spear the bees
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January 27, 2016, 05:55:14 PM |
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Almost all ALTcoins, price goes up. and many are dumping their coins, but the price pump continues. We will see a new year for ALTcoins this 2016
No. Most of those altcoins have absolutely no future in sight, and this is only a temporary pump & dump. This will end soon enough, and those who could have done so have already taken their share of the profit.
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gentlemand
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Welt Am Draht
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January 27, 2016, 06:09:36 PM |
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I think it's mostly due to the fact that people have lost their coins when Cryptsy went down. People are buying back the altcoins on other exchanges and are driving the prices up to high levels.
There are/were quite a few coins that were cryptsy only, indeed I'm not sure some of them even had a functioning blockchain any more. I'm sure plenty of people were wiped out and don't have the funds or appetite for more.
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NorrisK
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January 27, 2016, 06:33:01 PM |
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doge up over 90% in the last 24 hours. Totally sustainable growth, I'm sure.
Holy jesus.. This death of cryptsy has made things interesting.. Any well trusted alt exchange people are using? Poloniex is currently the place to go. They have a lot of volume for many of the main coins. They have been hacked in the past (2014 if i'm correct), but they have been open with it and fixed it in a professional manner. With current volume, they are also making a lot of money (I don't think they are gaming the system with fake volume) and supposedly they have already recovered from the hack, so no reason to distrust them for this. Bittrex is also possible, but there are some people accusing them of not being totally honest and being driven by pump and dump scams, adding new coins just for the high initial volume.
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Ya-ing
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January 27, 2016, 06:40:13 PM |
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Yes, altcoins are crazy. See the dogecoin really, for example. I would not marvel if there were a LTC rally soon too.
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makingwin1
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January 27, 2016, 07:03:27 PM |
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i wouldnt be so sure about buying those altcoins, bitcoin is still the best and nothing will change it ever, i hope that the problem will be solved soon
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tss
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January 27, 2016, 07:06:42 PM |
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all fudsters do is create more fud. people are fed up with posts like this. most the alt coin scene is a complete joke. LONG LIVE BTC AND SMALL BLOCKS
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Pab
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January 28, 2016, 02:01:00 AM |
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It is alts rebound,some alts.But most of that volume is doge pump.From 40 sat to 150sat in three days Now thay will finish with doge and pump btc Long term alt is EMC
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talks_cheep
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January 28, 2016, 12:57:09 PM |
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To all the altcoin naysayers, open up your mind to new possibilities, is Gold the only precious metal, there is Silver, Platinum, Copper and others, is Google (I mean Alphabet) the only stock on the market, there is Apple, IBM, Microsoft, even penny stocks. Be flexible and DIVERSIFY. Do you put ALL your eggs in one basket? Don't be stupid.
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tokeweed
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Life, Love and Laughter...
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January 28, 2016, 01:33:57 PM |
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And those altcoin price will rise down when block size problem has solved, but we even don't know for sure when this problem will be solved. But, ethereum's price which is most hot altcoin isn't raising though Guess traders and altcoin investors are happy right now, i even saw an altcoin which rise above 1000% Even so, none of these altcoin can fight bitcoin market cap or trading volume. Pretty sure some of them dumped those altcoins for BTC near the peak, and are holding more BTC right now.
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R |
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bitcoinboy12
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January 28, 2016, 01:44:45 PM |
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In a few days time if bitcoin prices keeps on going down, many of these will get back to bitcoin as they see it as a bargain. It's all business, traders go to where the money is and for now they can see that there's much traction in btc that's why they're in alt.
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Amph
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January 28, 2016, 04:02:50 PM |
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To all the altcoin naysayers, open up your mind to new possibilities, is Gold the only precious metal, there is Silver, Platinum, Copper and others, is Google (I mean Alphabet) the only stock on the market, there is Apple, IBM, Microsoft, even penny stocks. Be flexible and DIVERSIFY. Do you put ALL your eggs in one basket? Don't be stupid.
i would only take this advice serious if we are talking about the strongest alt, like ethereum, dash, the other are simply trash p&d scheme
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mtnsaa
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January 28, 2016, 04:11:49 PM |
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all fudsters do is create more fud. people are fed up with posts like this. most the alt coin scene is a complete joke. LONG LIVE BTC AND SMALL BLOCKS
It is a complete joke in the term that it's all manipulated, I agree. Why there are many hard working people, I think it's basically all for nothing since they end up being pumped and dumped like the rest of the scam coins, that's the hard truth. There could be a couple of interesting projects, for example ETH, but people thinking that you could find the next Bitcoin in the altcoin exchanges are deluded at best. With that being said, if you have some inside knowledge like I said you could potentially make A LOT of money.
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