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Author Topic: Do you see what is happening with the altcoins prices?  (Read 1102 times)
spartak_t (OP)
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October 29, 2016, 02:13:26 PM
 #1

Bitcoin is f*cking them all and Ethereum is down by 12% as we speak. Want more proofs that Bitcoin is the king? But frankly speaking, I don't think that some of the coins/assets/whatever (such as Counterparty, which is down by 12% as well) deserves such decline. Are there some Ethereum, Monero or Dash fanboys, which can come here and compare these with Bitcoin?

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October 29, 2016, 02:17:50 PM
 #2

It would be better for bitcoin i fthe money that was coming in was new money though. At the moment the drop of alts is just moving money from them over into bitcoin. The whole crypto scene will still have the same market cap. We arent making progress untill we can get some serious new money into bitcoin/alts.

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October 29, 2016, 02:20:34 PM
Last edit: October 29, 2016, 02:34:05 PM by qwizzie
 #3

they call it "blood in the streets" but for some of us this is a familiar picture, this is where Bitcoin drains the altcoins and it has happened before and will happen again.
question was and still is : which cryptocurrency will come out of this more strongly ?


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spartak_t (OP)
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October 29, 2016, 02:22:13 PM
 #4

My bet is on Litecoin or Counterparty. I believe that both should start rising pretty soon.

spartak_t (OP)
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October 29, 2016, 02:27:46 PM
 #5

There is something else. I did expected a HUGE pump on ZCash (https://twitter.com/bulgar1an/status/791970268768075777), but this is RIDICULOUS. ZEC has reached 3299 BTC per coin on Poloniex...

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October 29, 2016, 02:28:18 PM
 #6

It would be better for bitcoin i fthe money that was coming in was new money though. At the moment the drop of alts is just moving money from them over into bitcoin. The whole crypto scene will still have the same market cap. We arent making progress untill we can get some serious new money into bitcoin/alts.
totally agree

Before Litecoin was the silver but now I'm not sure which coin will rise with The King.

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October 29, 2016, 02:31:07 PM
 #7

It would be better for bitcoin i fthe money that was coming in was new money though.

there ain't too many alt/fiat gateways and poloniex only has nominal fiat gateways and that's where all the alt money is. bitcoin's rising on something, i don't think it has much to do with alts.

it looks like alts are bubbling again, just in the opposite direction. i wonder whether this is some type of permanent reset after a genuinely insane year or a temporary blip.
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October 29, 2016, 02:44:26 PM
 #8

The recent decline in Ethereum, Monero and Dash has again proved that all of them are manipulated on Poloniex. ZCash has popped up and now its his turn. That would be probably the biggest balloon in history...

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October 29, 2016, 03:26:18 PM
 #9

Remember than in terms of dollars most of the alts haven't changed at all. Bitcoin rises against the dollar, and the alts decrease against bitcoin to keep the dollar value steady.

This always happens, everytime bitcoin moves up.

 
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October 29, 2016, 03:29:25 PM
 #10

There is something else. I did expected a HUGE pump on ZCash (https://twitter.com/bulgar1an/status/791970268768075777), but this is RIDICULOUS. ZEC has reached 3299 BTC per coin on Poloniex...

At the moment ZEC is at about 6 btc per coin on polo. Seems to have lost 99.76%  during the last 24 hours.
I don't see it coming back from there.

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October 29, 2016, 03:32:40 PM
 #11

Remember than in terms of dollars most of the alts haven't changed at all. Bitcoin rises against the dollar, and the alts decrease against bitcoin to keep the dollar value steady.

This always happens, everytime bitcoin moves up.

Not entirely true :


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legdunes
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October 30, 2016, 09:29:22 AM
 #12

Altcoins with the exception of Litecoin are all a complete waste of time so seeing them go down in price is a good thing.
LemonAndFriesOne
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October 30, 2016, 09:41:50 AM
 #13

NEM is a bit down but I have yet to see it suffer into oblivion.

Sure there's the yearly pump but that seems to set it at a higher floor each time.
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October 30, 2016, 10:11:46 AM
 #14

BTC = $700
LTC = $4

both going up..

ETH = going down at $10 right now.

I predicted this would happen.. it did the same time last year too.
I posted my predictions on a few topics here about about a month or two ago.

Part of the reason is Winter is coming and rotten brats are back in school + summer is over.
AKA: the shitheads the whales feed on.

FUD first & ask questions later™
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October 30, 2016, 10:26:29 AM
 #15

I'am actually pretty believe because Bitcoin price is always incress and that effect to all altcoin..Im little angry about this case..so many altcoin still Holding in my wallet damnn yeah
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October 30, 2016, 10:28:58 AM
 #16

Bitcoin is f*cking them all and Ethereum is down by 12% as we speak. Want more proofs that Bitcoin is the king? But frankly speaking, I don't think that some of the coins/assets/whatever (such as Counterparty, which is down by 12% as well) deserves such decline. Are there some Ethereum, Monero or Dash fanboys, which can come here and compare these with Bitcoin?

Only your beloved Viacoin can be compared with btc  Grin
spartak_t (OP)
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October 30, 2016, 10:38:14 AM
 #17

Only your beloved Viacoin can be compared with btc  Grin

Hehe. Smiley Indeed I like VIA much, but imho, btcdrak did some things wrong (and I did told him that many times). Now VIA has a different developer. It has a bright future if they market it good (and that's were btcdrak was mostly wrong).

P.S. My only beloved coin is FAIL, BTC is a cliche. Wink  

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October 30, 2016, 10:59:13 AM
 #18

rotten brats
enjoy tuition ... cost factor that out 40 years nitwits.

yeah BTC uP
everyone else dump;

not my first time to the Rodeo.

I LUV absolutely LUV seeing XRP, DASH, ETH, and other ICO garbage taking a drop in the can when BTC peaks ... can we omit on the record that all they do is front run BTC with their GGGGrrrrabage and pray to Zeus (or Hey you Zoos) that they hold enough BTC to balance ... it's a J0ke f0lks ... stealr / lumeans whatever the F you what Ev you call yourselves Paypal.    

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October 30, 2016, 11:55:40 AM
 #19

It would be better for bitcoin i fthe money that was coming in was new money though. At the moment the drop of alts is just moving money from them over into bitcoin. The whole crypto scene will still have the same market cap. We arent making progress untill we can get some serious new money into bitcoin/alts.

One coin is bringing in new money. It's the Gulden, it doesn't have any backing from your normal crypto services because they know it's the greatest danger to their own investments. 1.6.0 release is coming soon according to the main developer and he says it's a game changer.

https://bitcointalk.org/index.php?topic=1577392.msg16727004#msg16727004
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