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BitcoinAshley
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March 03, 2013, 07:20:05 PM |
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So LTC and NMC and others are basically sucking on BTC's tit? Makes sense, I agree with the analogy. But I disagree that "no alt-coin will ever gain substantial traction." Basically saying that there is only one product in the cryptocurrency market, that will ever succeed, ever, in the history of the future market in the entire world ever in all time forever and ever because I said so and I think alt-coins are silly and should only ever be 0.0000001% of the market. This is not how a healthy market works. Even if, in 25 years, there are only 3 main cryptocurrencies - say, BTC with 94% market share, something else with 5%, and a third with 1% - then we'd still have a handful of hobby currencies trying out new features and trying to gain market acceptance. This is healthy. IMO, expecting that bitcoin is the work of God and will forever dominate 99.99999999% of the cryptocurrency market is akin to expecting an unhealthy monopolistic market with absolutely no competition or expecting that Bitcoin is the "perfect" cryptocurrency with the "perfect" features and the "perfect" everything that will absolutely never experience any problems and meets 99.99999% of the needs of 99.999999% of use cases. Is that a realistic expectation? Uhh, hmm... Bitcoin started off great and yes, has a proven track record unlike any currently existing alt-coin. But we're only 5 years in. Why are we making grand assumptions about the future of cryptocoins? In 10 years, bitcoin will have been proving itself for 15 years but some other cryptocoins will have been around for 10+ years so what will stop them from gaining 2% of the market or something? There's plenty of room for other playas in the game, don't be a h8er. :-P |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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March 04, 2013, 01:39:39 AM |
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There's plenty of room for other playas in the game, don't be a h8er. :-P
True. Though I think for anything to not be eclipsed by Bitcoin, it will have to offer something that bitcoin does not and occupy a different niche. Consider that in the Galapagos, there were birds operating in several roles that mammals typically occupy in the wider world. They could do so, not because there was room for more than one animal in that role but because there were no mammals to fill that role in the Galapagos. WRT Litecoin, I'm not particularly familiar with it but looking at its webpage, http://litecoin.org/ , it seems it doesn't really offer anything that bitcoin does not except, perhaps to the miners. And Bitcoin is about done with mining being a dominant part of its lifecycle. Good luck to it but I don't think it will be in my portfolio. Other currencies? Need exploring on a case-by-case basis. |
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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pretendo
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March 04, 2013, 01:50:40 AM |
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Fear is more powerful than greed. We've just broken the ceiling of last time, and nobody thinks this is the time to buy. I bet people have dumped their coins so they don't get burned like last time. The fact that it has stabilized rather than crashed instantly indicates that it's not the same beast. Prices are going to keep rising, slowly but surely.
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piramida
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Borsche
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March 04, 2013, 07:55:14 AM |
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In 10 years, bitcoin will have been proving itself for 15 years but some other cryptocoins will have been around for 10+ years so what will stop them from gaining 2% of the market or something?
Definitely it's possible and even sooner. Just missing one part - substantial improvement. You don't just fork bitcoin code for that, there needs to be solid intellectual investment. Shortcomings of bitcoin are well known - just need an elegant solution. I don't see one around, but maybe because I'm the "h8ter"  Slight "improvement" over btc will not cut it, it needs to be substantial. Any kid can take the code, up the coin limit 4 times, mine some for himself and call it kidcoin, but that's not serious. Once any serious organization steps in and starts their alt-coins, I'll be watching, now - nothing comes close. |
i am satoshi
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Bit_Happy (OP)
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A Great Time to Start Something!
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March 05, 2013, 04:08:27 AM |
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Panic buy! You need to buy now before we hit $49, $59, $69, $89!!  |
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Bit_Happy (OP)
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A Great Time to Start Something!
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March 05, 2013, 07:00:57 AM |
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Q) Since this thread was started, only one thing was missing, do you know what that is?
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deathcode
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Eloncoin.org - Mars, here we come!
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March 05, 2013, 07:08:56 AM |
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The rally is over.. LMFAO
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███████▀▀ | | | Mars,
here we come! | ▄▄███████▄▄
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▀▀███████▀▀ | ElonCoin.org | │ | | .
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████████▄▀████▀█████▄▄ | .
"I could either watch it
happen or be a part of it"
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piramida
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Borsche
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March 05, 2013, 08:13:36 AM |
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yeah this is definitely the top. we are never going above 41, since it's just like 31 in 2011 |
i am satoshi
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rpietila
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March 05, 2013, 11:25:50 AM |
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nobody thinks this is the time to buy
Y'know son... Nobody thinks this is the time to sell. That is why the market is rising. When it is going down, then your assumption makes sense. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Richy_T
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March 05, 2013, 07:18:31 PM |
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Did you see it? We crashed to 39. Soon enough for you? My, it gave me a real feeling of nostalgia to be back in the 30s. Took me back to the heady times of early this AM when you could buy three quarters and still get change from a dollar (copper/nickel quarters, that is. Real ones are too rich for my blood).
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mccorvic
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March 05, 2013, 07:34:18 PM |
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Did you see it? We crashed to 39. Soon enough for you? My, it gave me a real feeling of nostalgia to be back in the 30s. Took me back to the heady times of early this AM when you could buy three quarters and still get change from a dollar (copper/nickel quarters, that is. Real ones are too rich for my blood).
I lol'd. Rally will end when I decide, everyone. |
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Nesetalis
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March 06, 2013, 02:28:17 AM |
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please... please drop back down to low 20s... please? D:
XD I want to buy more!
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ZOMG Moo!  |
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Cluster2k
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March 06, 2013, 02:37:28 AM |
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Another dollar up per bitcoin in the last couple of hours.
There comes a point in time where the price growth becomes exponential. We saw it in 2011 shortly before the collapse. Is $2 or more growth per day sustainable? Who are the buyers? Are they buying simply because the price is going up? That's a classic bubble. It's not different this time.
While I was typing this the price spiked another 50c...
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Nesetalis
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March 06, 2013, 03:12:06 AM |
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up to 44$ now..
were def in a real bubble now, this spike is nuts.
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ZOMG Moo! |
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justusranvier
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March 06, 2013, 03:12:48 AM |
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up to 44$ now..
were def in a real bubble now, this spike is nuts.
You mean $45. |
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Nesetalis
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March 06, 2013, 03:28:46 AM |
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 too fast for accuracy. |
ZOMG Moo! |
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CubedRoot
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March 06, 2013, 03:30:20 AM |
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I sold ALOT of btc around the $31.50 mark. I am kicking myself in the ass right about now because I thought it was going to be over around $33.
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Nesetalis
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March 06, 2013, 03:33:38 AM |
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I sold 20 at 27$, I'm not kicking myself, it gave me fluid capital to buy and sell in the dips and peaks over the past few weeks.
Now i've sold 5 BTC at 41, going to sell another 10 at 50$ (if it hits there) Then I'm sitting for a while to watch the market. I also have an order placed to buy in another 20 at 20$
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ZOMG Moo! |
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bbit
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Bitcoin
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March 06, 2013, 03:54:04 AM |
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It's only going to get better $50 by friday!
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Dargo
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March 06, 2013, 04:01:49 AM |
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Price is getting pretty vertical now, and we are getting extended pretty far a away from the 10 day EMA. Doesn't mean $45 is the top, the vertical move could go for a bit more, but this momentum probably won't be sustainable for much longer. Even during the initial bubble to $32 in 2011, price wasn't able to stay elevated way above the 10 day for long. So I think some kind of correction, even if it is a sideways correction (i.e. where we trade sideways till the 10 day catches up), is coming sometime in the next few days.
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