Proof of Work Altcoins News and Info. Make Profitable Trades.

[tokeweed]

Burst (BURST)
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Dash (DASH)
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Dash (DCR)
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Dogecoin (DOGE)
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Lbry (LBRY)
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Litecoin (LTC)
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Monero (XMR)
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Siacoin (SIA)
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Zcash (ZEC)
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With the recent news of Litecoin getting Coinbase's support and Monero being accepted at Alpha Bay and Oasis, two of the more popular Darknet Market places, I think there could be a revival of the 'old school' type POW coins on 2017.  I for one thought it's the time of Smart Contracts and '2.0' Platforms making the old school coins irrelevant.  I was wrong.  LTC and XMR has proven that POW coins can still be relevant, useful and in some ways even better.

I picked the ones with good, decent volume and liquidity as those are the ones I would recommend a newbie in crypto get into.  

Enjoy the thread and please post some of the coins that you think should be on the list.  

(I made the thread self moderated to avoid making it a mudslinging war between camps.)

[jwinterm]

Isn't Vcash PoS? DASH quasi-PoS? And DBG premine shitcoin still on Bitcoin v0.8 codebase?

How did you pick these coins? Names in a hat? Bags you be holding?

[tokeweed]

Isn't Vcash PoS? DASH quasi-PoS? And DBG premine shitcoin still on Bitcoin v0.8 codebase?

How did you pick these coins? Names in a hat? Bags you be holding?

I picked the POW cryptocurrencies traded at good, decent volume and liquidity.  In my opinion these are safer to get into especially if you're a newbie in trading.  It would be easier to unload because the market provides the liquidity.

I wasn't aware that Vcash is totally POS.  I might have missed something.  Please feel free to post the info.  That would be really helpful.  Thanks.  As for DASH and DGB, the volume and liquidity is good and decent.  And please keep in mind this thread is not about which altcoin is the most likely to be like Bitcoin.  It's more of a guide or a place where to pick up info to trade in and out of them in order to profit in Bitcoin.

[spartak_t]

Why this thread should be only about PoW coins? You don't think that PoS has a future?

[jwinterm]

I guess Vcash is hybrid. But why not ETC or ETH or SIA? They're all pure POW with higher volume than XVC or DGB.

[tokeweed]

Why this thread should be only about PoW coins? You don't think that PoS has a future?

I do but that's for another thread.  Actually I have another thread that includes NXT, BTS, etc. in case you didn't notice.  But no PPC and the like though.  But I will look into it.

[tokeweed]

I guess Vcash is hybrid. But why not ETC or ETH or SIA? They're all pure POW with higher volume than XVC or DGB.

Already have ETH and ETC on another thread titled 'ICO Projects and Crypto Platforms News and Info.'  Thread Here

This thread is more for the cryptocurrencies with the more 'old school' feel to it if that makes any sense.  I think they're gonna make a comeback.

I will look into SIA.  Thanks for pointing that out.

[spartak_t]

I guess Vcash is hybrid. But why not ETC or ETH or SIA? They're all pure POW with higher volume than XVC or DGB.

Already have ETH and ETC on another thread titled 'ICO Projects and Crypto Platforms News and Info.'  Thread Here

This thread is more for the cryptocurrencies with the more 'old school' feel to it if that makes any sense.

I will look into SIA.  Thanks for pointing that out.

Dash is so "old school" (premined). I wouldn't put even a cent in it. That's like living in Sudan and vote for Omar al-Bashir.

[tokeweed]

Spartak, please don't start something.

Anyway this thread is more about helping people make their trades more profitable. So it would help to put yourself in a more neutral stance.  Like for example you were looking to trade Dash without any bias.



Let's say you traded Dash perfectly and bought at the green arrow and sold at the red arrow because:

1) You don't have any bias.  You just trade.
2) You are updated on what's happening in the altcoin scene.
3) You watch the price action closely of the different altcoins in the market.

I think that would also be a good way to profit alternatively to the usual buy and hold, cult-like support for *Your Coin Here* strategy that's usually used here.

[tokeweed]

A Week in Review

Dash:  Crypto Investors Should Look Closer at Dash: The Atlanta Blockchain Hosts Evan & Amanda
Source

Litecoin:  Why are you not trading LTC on GDAX?
Source

Monero:  Update on the official GUI
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Siacoin:  How to Run a Host on Sia
Source

Added Siacoin and I will add Syscoin later.  I didn't realize that it is also mineable.

[kiklo]

Litecoin:  Why are you not trading LTC on GDAX?
Source

I can answer that one, no one gives a shit about GDAX,
It is the Direct Wallet on CoinBase, where you just buy LTC like BTC or Eth, that is what everyone is waiting for.  
When Coinbase gets off of their slow asses and makes that happen, that is when the LTC Volume will skyrocket.
(Also GDAX requires a Picture ID now, when you can trade everywhere else without one. Even the coinbase wallets don't require picture id.
This will hurt Gdax as ID theft is too high to just throw ids around, when there are 30 exchanges where you don't have too.)
So to Charlie, it is the lack of the Coinbase Wallet.

 

FYI:
Anyone that Tweets, feel free to forward that to Charlie from Kiklo,
I don't Tweet.

[bbc.reporter]

@kiklo. Yes it is looking like Coinbase does not care about litecoin at all and they only care about the potential fees they will get if people will start trading LTC in GDAX. It is a slap in the face if you are a true supporter of litecoin and also an insult.

[Febo]

A Week in Review

Dash:  Crypto Investors Should Look Closer at Dash: The Atlanta Blockchain Hosts Evan & Amanda
Source

Maybe DASH can rename into Evan&Amanda coin.

[tokeweed]

A Week in Review

LBRY:  $500K in VC Funds from Pillar
Source

Monero:  Check RingCT in Action
Source

Not much updates in the world of POW coins but some if them have been profitable as of late.  XMR is crazy as all of you have seen and there are a couple others that are showing signs that they could be profitable if you were paying attention.  I will post charts later or tomorrow if I'm not busy.

[tokeweed]

Take a look at LBRY.  There seems to be a reversal going on and it could be a nice time to start going long.  The idea seems good now that crypto is moving in on decentralized social media and they have just received funding from a VC.  Please read more about in the post before this.

LBRY/BTC





The cryptocurrency that's hugely affected by Monero's recent surge both in price and in the news is no other than DASH.  Sorry Dash fans but it looks like Monero is kicking ass right now.  So it looks like it could be a good idea to do some Dash shorts at these current prices.  But of course, you have pick your spots.

DASH/BTC

[tokeweed]

Zcash Beta 1.0 Release
Source

It's only a beta release and all coins mined are only on a testnet.  For miners this would be a good testbed for your hardware.  For newbies who are interested, this is your time to learn.

The official final release will be out in 1.5 months.  Have fun!

[tokeweed]

A Week in Review

Monero 0.10.0 "Wolfram Warptangent" Released
Source

Funny how only a few POW coins give updates and news on their website, blogs (if they are still maintaining one) and Reddit page.  Some would consider that a sign that the project is starting to stagnate and eventually "die" at some point.  Especially if the said project has been around for a couple of years and still hasn't shown convincing growth.

[jwinterm]

...
Funny how only a few POW coins give updates and news on their website, blogs (if they are still maintaining one) and Reddit page.  Some would consider that a sign that the project is starting to stagnate and eventually "die" at some point.  Especially if the said project has been around for a couple of years and still hasn't shown convincing growth.

Are you talking about Litecoin or something? Or saying that Monero is starting to stagnate? Something else?

[tokeweed]

...
Funny how only a few POW coins give updates and news on their website, blogs (if they are still maintaining one) and Reddit page.  Some would consider that a sign that the project is starting to stagnate and eventually "die" at some point.  Especially if the said project has been around for a couple of years and still hasn't shown convincing growth.

Are you talking about Litecoin or something? Or saying that Monero is starting to stagnate? Something else?

I was thinking all altcoins in general, it would tend to happen like that.  I just posted a Monero update so it's not Monero for sure.  It just got accepted in the dark net market, so it's just the beginning for the project to boom in the future at some point.  If some people are saying it's booming now, then I'd say they lack imagination.

And notice the "" at the word die.  We all know some developer who is good and famous could always pick up any cryptocurrency project, make it his own, and could make a hell of a success out of it, given there's enough time and hard work spent on it.

[tokeweed]

A Week in Review

Controversy Brewing in the Community Because of LBRY's naming system
Source

Litecoin To Become Anonymous, Available on Jaxx Soon
Source

Monero:  A Statement on the MWR Labs Disclosure
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Sia:  September 2016 Update + Roadmap
Source

Finally some excellent updates from the Litecoin team.  I can't wait for anon transactions to be implemented on a well established cryptocurrency.  A lot of Chinese traders will be happy.