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Author Topic: How many Alts do you expect to survive long term?  (Read 3879 times)
SilverCoin300
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October 04, 2016, 04:32:21 AM
 #21

All these new altcoins that keep popping up will only hurt crypto currencies in the long run. How many people you think going to keep investing in new alts that rip them off. There is about 200 pages in the alternate ann section. This is going to hurt Bitcoins too. But what do I know, I am a newbie.  Smiley
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October 04, 2016, 04:43:17 AM
 #22

everyone has supported a lot of coins and tokens and for me for instance have supported more than 10 coins. but i suspect there will be a lot that will survive. More than 50 perhaps, each of these coins has specific purpose and so the rest will stay forever so long as the dev wants it alive and wants money of course.









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October 04, 2016, 04:56:58 AM
 #23

I expect more than 10 alt coins can survive for a long term, but the most perfect amount according to me is 5 alt coins, too many coins will weaken all the alt coin, we need a strong coin who can become bitcoin rival and coin that can attract big company to use
I can't defining who the alts can be a live for a long term in the middle of the competition, some time the coin is in my opinion is so silly and the ending he can still alive for a long time comparing with the promising coin just get short age in their coin. so I can't determine who the longterm coin in this time.

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October 04, 2016, 06:17:57 AM
 #24

Doge, ETH, Monero will survive long term, regarding Litecoin - hard to predict. Most probably from all altcoins will survive 5 - 6, not more, because all altcoin market is not so large, like Bitcoin market.  Grin
legdunes
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October 04, 2016, 07:01:21 AM
 #25

Hopefully none with the possible exception of Litecoin as it is the only true alt.

There is no need for any more altcoins.
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October 04, 2016, 07:22:32 AM
 #26

Doge, ETH, Monero will survive long term, regarding Litecoin - hard to predict. Most probably from all altcoins will survive 5 - 6, not more, because all altcoin market is not so large, like Bitcoin market.  Grin

for litecoin, i think the price will be increase for next month or soo and for now, i think litecoin would stick on the range 0.0062-0.0063 then i hope the price will increase into 0.0089 like before. the other altcoin is like doge, monero, dash, ethereum, ethereum classic, nxt, i think will be survive for long term.

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October 04, 2016, 07:31:31 AM
 #27

Among the altcoins I believe that litecoin has proven itself as a long term  cryptocoin. Despite all the hate and FUD it has recieved, it still continues trucking on proving the doubters wrong. Some scrypt based coins are even merge mining with it because its hashing power still remains the strongest second to bitcoin after all these years. Now with the recent upgrades their development team are working on, it is alive as ever.

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charles99
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October 04, 2016, 08:09:49 AM
 #28

My favorite is still Primecoin but there may be other better coins. 
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October 04, 2016, 08:18:03 AM
 #29

depends what you mean by survive and long term.

i think a ton of alts could tick along for many years without any real meaningful currency use.

longterm (ie 10years plus) as a genuine usable currency i think very few if any. litecoin being the best bet (if it doesn't go down the innovation to sell snake oil path which is currently hinted at).   

 
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October 04, 2016, 08:22:44 AM
 #30

Hopefully none with the possible exception of Litecoin as it is the only true alt.

There is no need for any more altcoins.

Except for the fact it is PoW which means China controls it , just like BTC.
Proof of Stake will succeed all PoW coins in Time, 
Litecoins and the others will have to switch or die when it is no longer practical or profitable to mine.


 Cool

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October 04, 2016, 08:32:44 AM
 #31

Hopefully none with the possible exception of Litecoin as it is the only true alt.

There is no need for any more altcoins.

Except for the fact it is PoW which means China controls it , just like BTC.
Proof of Stake will succeed all PoW coins in Time,  
Litecoins and the others will have to switch or die when it is no longer practical or profitable to mine.

 Cool

crytpos are borderless, china doesn't control litecoin mining or trading. for example i trade almost totally on chinese exchanges yet i'm aussie, just traders worldwide follow the liquidity.

anyone who backs POS as a longterm solution doesn't understand basic math. pos can be dominated same as pow yet has bonus flaws to boot (anyways theres many other threads about the pos/pow debate).
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October 04, 2016, 08:53:19 AM
 #32

crytpos are borderless, china doesn't control litecoin mining or trading. for example i trade almost totally on chinese exchanges yet i'm aussie, just traders worldwide follow the liquidity.

anyone who backs POS as a longterm solution doesn't understand basic math. pos can be dominated same as pow yet has bonus flaws to boot (anyways theres many other threads about the pos/pow debate).

And you missed the point entirely, the Mining pools are usually centralized in China and they usually control more that 51% of the mining capacity,
which means they can do a bunch of nasty little things to it.
https://www.litecoinpool.org/pools

PoS requires to buy the coin and to profit you have to sell the coin,
PoW you sell the coin make a profit but it does not decrease your ability to make more since the value is in the ASIC and not the coin itself.

It is funny how all of the PoW miners ignore the fact China's Pools have over 51% for more than a year now.
Also electricity rates are being raised on Miners as they drive up the price of electricity.

Proof of Stake does not create an ASICS arms race , and will not require massive changes to the electrical grid.
It will be proven the winner, just a matter of time.  Smiley

 Cool

FYI:
Things someone with 51% of the network hashrate could do.
They could prevent transactions of their choosing from gaining any confirmations, thus making them invalid, potentially preventing people from sending Bitcoins between addresses.
They could also reverse transactions they send during the time they are in control (allowing double spend transactions), and they could potentially prevent other miners from finding any blocks.

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October 04, 2016, 09:05:33 AM
 #33

to answer this question you should look at the history of altcoins and how many have been created over the years and how many of them are still alive today.

i don't know if there is some place that is keeping the history of altcoins but you can check the altcoin announcement board (there is 215 pages right now) and go to the older pages like this (the oldes page i could find was 2014!) and see how many of those are alive this day and what is their prices.

this is why i believe only a handful of coins will survive for long term.

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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October 04, 2016, 09:37:27 AM
 #34

crytpos are borderless, china doesn't control litecoin mining or trading. for example i trade almost totally on chinese exchanges yet i'm aussie, just traders worldwide follow the liquidity.

anyone who backs POS as a longterm solution doesn't understand basic math. pos can be dominated same as pow yet has bonus flaws to boot (anyways theres many other threads about the pos/pow debate).

And you missed the point entirely, the Mining pools are usually centralized in China and they usually control more that 51% of the mining capacity,
which means they can do a bunch of nasty little things to it.
https://www.litecoinpool.org/pools

PoS requires to buy the coin and to profit you have to sell the coin,
PoW you sell the coin make a profit but it does not decrease your ability to make more since the value is in the ASIC and not the coin itself.

It is funny how all of the PoW miners ignore the fact China's Pools have over 51% for more than a year now.
Also electricity rates are being raised on Miners as they drive up the price of electricity.

Proof of Stake does not create an ASICS arms race , and will not require massive changes to the electrical grid.
It will be proven the winner, just a matter of time.  Smiley

 Cool

FYI:
Things someone with 51% of the network hashrate could do.
They could prevent transactions of their choosing from gaining any confirmations, thus making them invalid, potentially preventing people from sending Bitcoins between addresses.
They could also reverse transactions they send during the time they are in control (allowing double spend transactions), and they could potentially prevent other miners from finding any blocks.



chinese pools are just that pools which people located all over the world mine from.

and POS you just control the coin by having more coins, and you can 51% having just a small % of totally coins. and those who hold the most earn the most so over time increase their % v the rest, and if you go those coins stupid enough to be mining blocks rather then % the math will show you over time that the outcome IS always one person owning the network.

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October 04, 2016, 10:05:54 AM
 #35

I would say:
ETH, LSK, NXT and STRAT.
NXT will be ARDOR in a couple of days and as always, adoption is the key.
Same with STRAT (www.stratisplatform.com), they have a very interesting road map, IF they can work it out and attract clients, they will be a big player in the upcoming years.
With the whole Brexit materializing in a couple of years we might see an interesting position for them in the financial/economics market.
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October 04, 2016, 10:30:47 AM
 #36

Why a lot of people is feeling doubt for the lite coin, but in my knowledge the age of lite coin is more long comparing with the another like xmr and eth but correct me if i'm wrong, but many coin is listed in the polo i sure if that is will be a long term coin... but i really loved with eth in this time .
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October 04, 2016, 10:49:39 AM
Last edit: October 04, 2016, 11:04:08 AM by kiklo
 #37

chinese pools are just that pools which people located all over the world mine from.

and POS you just control the coin by having more coins, and you can 51% having just a small % of totally coins. and those who hold the most earn the most so over time increase their % v the rest, and if you go those coins stupid enough to be mining blocks rather then % the math will show you over time that the outcome IS always one person owning the network.

Really ,

Ok use your math to show me the one person that owns the entire ZEITcoin Proof of Stake network, because you seem full of it.
Here is the block explorer dazzles us with your math skillz.
https://chainz.cryptoid.info/zeit/
(It is a ~3 year old coin , so by your Logic 1 person should own all of it by now.)
(You Wrong , but it should be fun to see your math.)
Cheesy

But the fact you also ignore the 51% PoW coin issue shows your logic skillz are flawed.


 Cool

FYI:
You might want to read up on 51% attack , back when the BTC community was being honest.
http://www.coindesk.com/bitcoin-miners-ditch-ghash-io-pool-51-attack/

Chinese mining Pools combined once total ~70% a few months ago. They control it , and the PoW users pretend blindness to that fact is childlike.
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October 04, 2016, 10:53:19 AM
 #38

ltc, doge, eth, and maybe 5-10 others will survive
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October 04, 2016, 11:00:45 AM
 #39

Honestly you can not predict if how many altcoin will live or survive in the future. for me i just relaying in coin market cap. 500k volume above those are altcoin that can survive for a long term but for newly release altcoin i do not know if they will stay long since i tried to invest and trade for those altcoin and never made any profit..

Make crypto as your bank.
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October 04, 2016, 11:05:39 AM
 #40

I would add that no one really know the numbers of ALTS that will survive that long because a lot of factors will be responsible for any one to make it that far even as at now a lot of alts that came out with a lot of hype have fizzle out some are still coming and others will continue to come.

One factor that I know wil affect the long term availabilty of any ALT will be support in addition to crowdsale in the establishment of such.
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