[POLL] Are You losing Interest ?

[Spoetnik]

A poll so vote

It's been a LONG time coming but i have lost almost all interest in Altcoins (and even Bitcoin)
Don't be surprised if i end up wandering off at some point people.

The thing is i have stopped trading for profit probably 2 years ago roughly.
I also quit looking at the ANN section around the same time.
I quit paying attention to the tech behind coins too.

I wouldn't call this a farewell topic but in a way i'm already gone.
At this point how the world of Altcoins has evolved has left me behind.
(for example) The emergence of ICO's is not something i want any part of.

The days of new coins like Prime Coin or Grid Coin coming out seem to be gone.
Sure there is different coins out but i don't see them as pushing in the right direction.

So what's left for me in crypto ?
A whole lot of FUD and Altcoin history lessons for Noobs ?
I'd say that is covered here by others LOL

It is what it is.
If there is some coin i criticize a lot (not naming names) others will do it too anyway.
Because what you see is what you get.. it's all there right in the open.

I've known my energy has been wasted here for the most part for a LONG time.
I have in time felt less motivated to keep posting here on the forum about Altcoins.
Exposing scams ? Well there is too many to keep up with and a lot of people don't care either.
They don't care because they are hell bent on showing up here to make Altcoin ROI's
..off anything that pays !

And help make a new better coin ?
I've had idea but no matter what i also see a bad way to exploit the coin too.
I have not seen or thought of a new coin system that would not be gamed / exploited like all the others.

So..
Anyone else feel the same way (i expect the noobs to chant optimism of course)

Special Note:
The Ethereum's and Monero's that have been a favorite of mine to "FUD" as you call it..
Will succeed or fail all on their own.
I have criticized (FUD'd) projects because i felt they deserved it.
If anything i hope they learned a lesson and were listening.
Take the criticism and use it to your advantage and move forward in a constructive direction.

Yup it's another long rant and Poll from Spoetnik
There won't be many more i think.

Nope not a self-modded topic either.. say what ever the hell you want  


EDIT:

The bottom line is it hit me Altcoins have no relation to my real actual life.
And i don't see that changing any time soon either.

[chanbtc]

Voted for a No.

I agree that ICO's are bad, but I can just skip them if I want. I also agree that there are so many scam coins, but I can skip them too.

I believe there are still a few good coins that will finally succeed. So I'm not losing interest. It's just my personal opinion. In real world there are lots of scams you can see everyday as well.

[Ayers]

no, it's still profitable if you can catch the right coin at the right time, i don't do trading in altcoin, i mean i don't buy low and sell high, i just buy cheap coin and wait for the pump, i dump and move ont he next one, some times it go bad but it can happen nothing you can do about it, i also do mining with those new altcoin, it help me have more coins to dump, i see there is still a good profit in the altcoin scene, many people are not aware of this place, or simply ignore it, until the game last i'm going to milk it until the end

[Spoetnik]

I am not losing interest because of profits.
I have for a long time because crypto stuff Altcoins etc have no meaning to my real life.
When i leave my computer it has no effect on my life at all.
I see and hear nothing about it until i deliberately come back here.
So i can read a million topics on what coin we all should jump to now for.. profits.

Maybe i could believe in the whole "one day" thing if there was real progress made.
But when i leave my PC there is no sign of Altcoins anywhere.
Best i can tell the prospects of that ever happening keeps getting worse.
What ? Should i cling to the hope some ANON coin gets heavy Dark Market usage ?
Why should i care ? It's *NOT like i plan on buying guns & crack on silk road.
And since the whole little profiteer bullshit bores me what the fuck am i left with ?

I'd say the Poll results should tell me how many people there are here like me.
People who seem genuinely concerned about adoption etc.

If all this has amounted to nothing but a massive pyramid scheme of coin hopping for ROI's.
Then i just can't be bothered.. sorry and good luck (you are going to need it with looming legal issues)

[BitcoinHodler]

i have not lost interest in anything but my interest has shifted.
i am still very interested in bitcoin with all the shit that is going on with the fee war and the block size debate. i am still a bitcoin hodler

and as far as altcoins go i gave up on looking for anything interesting a long time ago, and now i am only looking for more moneyz show me da pumps.

[topesis]

Why would I lose interest, Cryptocurrency is the new money and money makes the world goes round, though the landscape has changed drastically with the coming of ICOs, maybe use are one of the miners that seems short changed by this but the only constant thing in life is change and we need to adapt to the new reality, whether you like it or not ICOs has made it possible to have projects like Golem, Ethereum, ICONOMI, Maidsafe, AUgur, Factom etc all are interesting concept and it worth giving them a chance, though I know some of them will not succeed going forward but some that do is going to bring wealth to investors.

[olubams]

After looking at your profile and see that you have been here since 2013, you have seen the good old days and the bad ones and even at your rank, you have no higher ground to go. Couple with the fact that life itself is a phase and what interest me sometimes 3 years ago, I might no longer find amusing. There is nothing wrong in that... But for me, and quite a number of people who are coming in on a daily basis still believe and will continue to until this phase is over and who knows, it might not be over...

[Ayers]

I am not losing interest because of profits.
I have for a long time because crypto stuff Altcoins etc have no meaning to my real life.
When i leave my computer it has no effect on my life at all.
I see and hear nothing about it until i deliberately come back here.
So i can read a million topics on what coin we all should jump to now for.. profits.

Maybe i could believe in the whole "one day" thing if there was real progress made.
But when i leave my PC there is no sign of Altcoins anywhere.
Best i can tell the prospects of that ever happening keeps getting worse.
What ? Should i cling to the hope some ANON coin gets heavy Dark Market usage ?
Why should i care ? It's like i plan on buying guns & crack on silk road.
And since the whole little profiteer bullshit bores me what the fuck am i left with ?

I'd say the Poll results should tell me how many people there are here like me.
People who seem genuinely concerned about adoption etc.

If all this has amounted to nothing but a massive pyramid scheme of coin hopping for ROI's.
Then i just can't be bothered.. sorry and good luck (you are going to need it with looming legal issues)

what you talking about is only for bitcoin, i'm also here for adoption like you but only for bitcoin not for scamcoin, this place serve as a bitoin profit for me, and until there are money i can't get tired of it, the only cryptocurrency that can change the world is bitcoin but it need more features and fixes

[iamnotback]

re: [POLL] Are You losing Interest ?

It's been a LONG time coming but i have lost almost all interest in Altcoins (and even Bitcoin)

You are in the "MOUNT STUPID" or "WALL OF WORRY" stage. See the charts I quoted below...

That is what some people said about the Internet after the dot.com crash.

We are merely lacking the killer app for blockchains, just as the Internet (which existed since the 1980s) was lacking the killer app until Tim Berners-Lee released the WWW and the first web browser.

You will regret this tendency to become complacent with the nascent Knowledge Age and decentralization technology which is going take over the global economy:

Sorry guys but you are incorrect. Stage #5 is not just one of many possible outcomes, it is the ONLY possible outcome. And the totalitarianism will be global w.r.t. to all things tangible and physical (including precious metals!), thus the only release valve frontier will be decentralization network technology.

You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week or two to fully absorb the following works of AnonyMint.

The Rise of Knowledge

Remember the greatest failing of the human race is the inability to appreciate the exponential function. Humans don't recognize exponential growth until it is already too late, e.g. on the 29th day of a 30 day growth, the lilies cover 50% of the pond and on the next day 100%.

My track record has been phenomenal.

...

For example, you were completely pwned by @CoinCube on the concept of Exter's pyramid.

You have to be joking.  If anything he made himself look foolish claiming bitcoin actually has the capability of defeating the gold market cap.  You've made how many threads yourself saying bitcoin has no future?  Now you're just randomly taking the exact opposite stance even though you know it's wrong.

We are not joking and we know we won that point emphatically and you looked so silly.

There are many details which you fail to assimilate. For example, you are conflating Bitcoin with crypto-currency and decentralized networking technology in general. Napster wasn't the end of file sharing.

File sharing is orders-of-magnitude more used now than it was no long ago during the peak of Napster. That is what will happen to gold's market cap, which btw is 3-4 orders-of-magnitude overstated if we are talking about the physical gold traded by the goldbugs. Nearly all of the gold is controlled by the elite.

I re-wrote the second part of my reply.  I do not believe there will ever be a case of imaginary digital numbers having more value than something that actually exists.  It will always just be a deception involving asymmetric deployment of information:

I guess you could claim the bankers might try to hoist a digital currency scam system upon the serfs, then they would artificially inflate the market cap of the digital numbers that don't exist as more than imagination, and that will somehow surpass the market cap of gold; but at the same time, the central bankers would just buy up and hoard all the gold for themselves.  So the gold in reality is more valuable since they value it more than non-existent digital numbers.  The whole thing in that case would just be a trick and the gold really would still be more valuable...

r0ach your myopia is that you don't understand the scientific fact that the entropic force (The Second Law of Thermodynamics) is cardinal to everything else.

We've even now seen that gravity is an emergent phenomenon of the entropic force (the trend towards ever increasing entropy and the irreversibility of thermodynamic processes).

What this means is that it is irrelevant what the banksters value most, if they are not in alignment with the entropic trend. What nature values is increasing entropy and thus increasing decentralization is more valuable if the Coasian barriers are congruent.

You will learn this lesson the hard way.

Gravity is tangible but it emerges purely from an intangible force of the trend towards increasing (Shannon) information.

https://steemit.com/science/@anonymint/the-golden-knowledge-age-is-rising
https://bitcointalk.org/index.php?topic=355212.msg17408195#msg17408195
https://bitcointalk.org/index.php?topic=355212.msg17395839#msg17395839
https://bitcointalk.org/index.php?topic=1624708.msg16396856#msg16396856
https://bitcointalk.org/index.php?topic=495527.msg16593330#msg16593330

Your conceptualization of reality needs to be updated.

He is not buying for a rational reason of buying low and selling high. For him, it is a religion against paper gold.

You are asking him to admit his entire thesis for his life is an error.

No offense, but your thesis on a so called knowledge age is completely irrational.  When complex systems collapse, they devolve into simpler ones.  They never jump into a higher tier of complexity.  Complex systems also tend to require exponential resource (energy) curves.  Peak conventional crude oil already happened in 2004.  Peak working age demographic already occurred in every nation that matters.

Wealth comes from people doing work in the real world, not shuffling around papers.  That work is either done from things like burning fuel to do the work for you, or humans physically doing it themselves.

Your thesis is entirely incorrect.

You had better wake up else you will entirely miss the boat.

Profit margins from mass production are dying. The future profit will increasingly come from creativity.

...8<... [content elided]

The only constant is the Second Law of Thermodynamics which informs us that entropy is trending to maximum. The Knowledge Age is all about increasing entropy. You had better make sure you understand this and stop clinging to incorrect bullshit.

Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious

How is a 30 degree upward slope for the past 1.25 years irrational?

The bubble ensues next and it curves up higher slope to rocket to ATHs after surpassing the cup & handle at $800ish.

We may get some resistance at $800 and so maybe not until next year for the ATHs. I am nearly certain we will push to high $700s before Xmas.

Remember Bitcoin is another way for wealthy Chinese to get their money out of their debt crisis and country. A liquid diversification.

See any familiarity with the above chart and the typical one for new investments:

Re: is it time to start seriously talking about a $5000 BTC

I expected a correction because the price went too high too quickly. Most of the time when we see it spike high like that, it will come back a little.

They will play you as well, because you'll be the one who sells too early when the price rocket goes into a phase transition run to ATHs. They will eventually do that after they done shaking weak hands out. Your stance can be characterized as another form of weak hand because of selling too soon into a bull run.

The first bubble to $1200 in 2013 was the first hump of the typical new technology invesment. The second major hump is the big enchilada and you should never sell except possibly to trade to altcoins to increase your BTC, if you are so inclined and are astute at such speculation.

BTC appears to be currently at either the early 2007 or the late 2009 point on that Amazon chart.

If we are at the late 2009 correlation, then $1000 will be scaled in 2017 and we will not go back below $1000 after that.

And yes something in range of $2500 - $5000 over the next couple of years looks plausible and even likely.

Just look at the events around us to see what is accelerating:

https://bitcointalk.org/index.php?topic=1703363.msg17077372#msg17077372
https://bitcointalk.org/index.php?topic=1699911.msg17077124#msg17077124
https://bitcointalk.org/index.php?topic=1703213.0
https://bitcointalk.org/index.php?topic=1687448.msg17056883#msg17056883
https://bitcointalk.org/index.php?topic=1082909.msg16842246#msg16842246
https://bitcointalk.org/index.php?topic=1082909.msg16921886#msg16921886
https://bitcointalk.org/index.php?topic=1082909.msg16972102#msg16972102


It Is Just Time.

Time is upon us for BTC to make another big move up. Don't be late to board the train because you are irrationally too cautious:

https://bitcointalk.org/index.php?topic=1663070.msg17049006#msg17049006

[Spoetnik]

Those examples of currencies earlier are.. not currencies.
People just sit around and think of new gimmicks to tack onto a block-chain then ICO it.
So your definition of currency and innovation people is well, fucked up LOL

And may i remind you that if you are here bashing "Shitcoins" profiting off them then you are the shitcoin maker and just as bad.. i have been saying that since 2013 LOUD.
What does that mean ? This shit gets worse.. and worse.

I appreciate the optimism but i think it's slanted and skewed.

[BTCSpearo]

I obsess more and more over crypto currency everyday. I obsess over the price of bitcoin, I obsess about which altcoins will take off and compete with bitcoin, I obsess over all the new ICOs and what if any utility they introduce to the crypto economy. Definitely not losing interest.

[TheByzantineGeneral]

With 'Fake News' going rampant how can one lost interest in Crypto

[iamnotback]

Those examples of currencies earlier are.. not currencies.
People just sit around and think of new gimmicks to tack onto a block-chain then ICO it.
So your definition of currency and innovation people is well, fucked up LOL

And may i remind you that if you are here bashing "Shitcoins" profiting off them then you are the shitcoin maker and just as bad.. i have been saying that since 2013 LOUD.
What does that mean ? This shit gets worse.. and worse.

I appreciate the optimism but i think it's slanted and skewed.

Yeah seems mostly like that. And maybe that is all we will ever get.

But maybe not.

As the incentive to make money from shitcoins declines, because the dumb money has already been taken and mostly smart money remains, then perhaps the incentive to create something real is increasing.

So I guess your feeling (and poll wants to measure) is if we are burned out yet on shitcoins and giving up from that?

[The Sceptical Chymist]

Yes to altcoins, maybe to bitcoin itself.  There's nothing in the altcoin scene except pure gambling and scamming--and that doesn't interest me in the least.

Bitcoin is pissing me off.  I'm currently buying something with bitcoin, and the transaction is stuck in the blockchain.  Would have been so much easier to buy with cash, and that's what I'm doing next time.  It's ridiculous.  And this forum is a cesspool of degenerate retards.

[Spoetnik]

@Shelby
Yeah pretty much agreed.

@Pharmcacist
I agree too and i seen a topic in "Off-Topic" that mentioned there was over 50,000 unconfirmed TX's with BTC.
I thought it was bad in 2013 LOL
Hopefully it will get dealt with and fixed up.. and soon before BTC turns 10 years old. (not that far away)

I have always said i am not against making money.
I am against making money of things that are not constructive.
Admitting to making money off coins you shouldn't has a negative cumulative effect.

Whether i am here in the crypto scene participating or not i do wish the scene well.
It gets a bit old having everyone say "why do you hate altcoins ?"
When all i try and say is i hate the bad ones..

@Shelby
I hope that does happen.
I hope the dumb money gets taken etc.
And i think it will too because there has to be an ever increasing amount of losers to sustain the system.
It's basic simple math.. not everyone can be winners and if you keep gambling ?

Makes me think of Pascal Coin.
What was the point ? Really.. seriously what is the point in rewriting a coin in a new language ?
I think with Pascal the guy failed and decided to make it sort of work then decided to market that as being creative. LOL
It's not like he said i wanted XYZ feature and it was pascal that was NEEDED to fulfill this goal.
If you are astute you can see what the guy was doing.

I dunno.. all i know is it's not a pizza until it comes out of the oven !

[kiklo]

@Spoetnik

It is a strategy being used against everyone to end all coins except the ones in the top 5.
By over-saturating the market with Thousands of coins, they diffuse the fact almost every single one of those alts is technologically superior to BTC.

https://www.fastcompany.com/3031364/the-future-of-work/why-having-too-many-choices-is-making-you-unhappy

Amazon sells 1,161 kinds of toilet brushes. I know this because I recently spent an evening trying to choose one of them for the bathroom in my new apartment. Nearly an hour later, after having read countless contradictory reviews and pondering far too many choices, I felt grumpy and tired and simply gave up. The next day, I happily bought the only toilet brush the local dollar store offered.

Too many choices exhaust us, make us unhappy and lead us to sometimes abscond from making a decision all together. Researcher Barry Schwartz calls this "choice overload." And it's not just insignificant details like which brush to wipe the inside of the toilet with—having too many choices in our creative and professional lives can lead us to avoid making important decisions.

"As the number of options increases, the costs, in time and effort, of gathering the information needed to make a good choice also increase," writes Schwartz. "The level of certainty people have about their choice decreases. And the anticipation that they will regret their choice increases."

Understanding how and why we make decisions can perhaps help us make better choices down the line.
You bought that Snickers bar because you're tired.

We make poorer decisions when we are tired. It's caused by decision fatigue. The mind can only sort through so many options and make so many choices before it starts to run out of steam. That's why impulse buys like candy bars and magazines at the checkout aisle in the grocery store can be hard to resist. We've exhausted all our good decision-making skills.

The same goes for our workday. Making lots of decisions not only exhausts us, it can put us in a fowl mood. A study out of Columbia University found that judges were more likely to give prisoners a favorable ruling in the beginning of the day and after a food break, than at the end of the day.

That's why it's important to make your most important decisions in the morning rather than at the end of an exhausting day when your energy has been depleted. The "sleep on it" idiom really does have clout when it comes to making big decisions.

If you have too many options, you'll probably hoard your energy.

When we're tired, we tend to conserve our energy by making choices based on a single factor like price, for example, rather than considering all the other determinants that go into making the best decision. When you're doing this, you are acting as what researchers call a cognitive miser. Another study out of Columbia University shows that this happens when consumers are given a lot of features to choose from when buying a car or suit. After a while, people start asking for the default option rather than carefully weighing each decision.

This can also happen when faced with a decision in your creative work. Given the endless options of which route to take, we can sometimes end up going with the more conventional path simply because it's the easier way to go.
Put limits on your options to make the best decision.

Imposing your own constraints when trying to make a choice in your professional and creative work can help you make a better thought-out decision. A study from New York University found that "restricting the choice of creative inputs actually enhances creativity."

In other words, letting yourself have less options to choose from can help you arrive at a more creative answer.

 

[A L I E N]

You gotta remember when we got in the game we could mine the launch of every coin since there was only a handful and none of this ICO garbage.  Now there are so many launching with different levels of investor (sic) participation its impossible to follow them all.  I think there would be plenty of demand for an altcoin fund or advisory service that researches and recommends or invests in only the most promising alts.  Once the Bitcoin ETF is approved (will be eventually) you know there will be huge demand for such a thing from wall street.  When do you want to start haha.. 

I can see it in the future, where instead of coins looking to get listed on Polo, they are looking to get added to the Altcoin ETF lol

[mirny]

There's nothing in the altcoin scene except pure gambling and scamming--and that doesn't interest me in the least.

LOL, sure?
Your signature is saying something else ...

[The Sceptical Chymist]

There's nothing in the altcoin scene except pure gambling and scamming--and that doesn't interest me in the least.

LOL, sure?
Your signature is saying something else ...

I rent out my signature, yes.  They pay me for that, but I don't personally like gambling--but that's not what I meant anyway.  I meant that playing around with altcoins, i.e., the buying and selling of them in expectation of profit (speculation) is pure gambling.  Not casino gambling, sure, but it's still way too risky for me.

[dinofelis]

Yes to altcoins, maybe to bitcoin itself.  There's nothing in the altcoin scene except pure gambling and scamming--and that doesn't interest me in the least.

Bitcoin is pissing me off.  I'm currently buying something with bitcoin, and the transaction is stuck in the blockchain.  Would have been so much easier to buy with cash, and that's what I'm doing next time.  It's ridiculous.  And this forum is a cesspool of degenerate retards.

Same experience.  I fail to see the utility if it isn't to feed institutional players which will take in (or have already taken in) most of it, like gold in the old days.