Stupid shitcoiners using Coinmarketcap BTC dominance stat to pump their shitcoin

[pereira4]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing (meanwhile BTC is going to all time highs daily)

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

Sure, we need to scale, sure, Jihad Wu is a cancer blocking segwit and all that, but BTC is not collapsing, it's only going up, and you are just using that indicator to pump the latest scamcoin.

Only coin worth holding long term is LTC and the only reason being BTC has no segwit. The rest are good to pump and dump for more BTC, that's all.

[BurtW]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing

You just did.

[buenav]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing (meanwhile BTC is going to all time highs daily)

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

Sure, we need to scale, sure, Jihad Wu is a cancer blocking segwit and all that, but BTC is not collapsing, it's only going up, and you are just using that indicator to pump the latest scamcoin.

Only coin worth holding long term is LTC and the only reason being BTC has no segwit. The rest are good to pump and dump for more BTC, that's all.

Clearly you don't know much about altcoins if you think bitcoin and segwit offers the entirety of what can be done with blockchain technology. Tell me if bitcoin came out at the same time as all the other altcoins which features of bitcoin do you think make it better than the other altcoins? Or is it only because it was the first cryptocurrency to come out?

There are certainly a bunch of scamcoins out there but I don't think its fair to lump every single one together and yes the metric may be flawed but its one of many indicators that the blockchain is getting more widely adopted as a technology outside of what bitcoin does.

[Lauda]

https://blog.sia.tech/want-to-deflate-the-token-bubble-fix-the-market-cap-indicator-d50f7f1e1ec4

https://medium.com/@jimmysong/why-the-bitcoin-dominance-index-is-deceiving-80ae324ee2ac

All the spam from greedy shilly is both annoying and sad. It clearly shows that a large percent (due to newcommers) have a different sentiment:
(from) We are going to change the world with Bitcoin & crypto -> (Now) I want to profit as much as possible with any shitcoin regardless of whether it's centralized or not (et. al.).

[franky1]

market caps are a MEANINGLESS number. its a bubble number backed by nothing.

in short make an alt with 5trillion coins premined..
put ONE.. yes ONE coin on an exchange
sell it to yourself for $1.. yes spend just $1..
and BAM market cap of that coin is $5trillion

there is no $5trillion backing the premined coins i used in my example. just like there are not $28+billion in bank accounts backing bitcoins market cap. nor any other altcoin.

the sooner people realise this and stop giving a crap about market cap, the better.

here are things people SHOULD care about:
how many merchants accept coin X
how many employee's are working to do something within a certain coin, (devs, consultants/trainers, convention organisers, device(HWwallet/asic,etc) manufacturing employees, payment processors/exchanges etc, etc)
how many users a coin has

though some of these details are not easy to find. they are a hell of a lot more important stat than market cap

[DeathAngel]

Completely agree with the OP, only Litecoin is worth holding onto. All other altcoins are a waste of time & only used by big players to strengthen their bitcoin stash.

[BillyBobZorton]

Completely agree with the OP, only Litecoin is worth holding onto. All other altcoins are a waste of time & only used by big players to strengthen their bitcoin stash.

Im waiting for LTC to dip further. I don't feel comfortable getting a long term position unless it retraces back to pre bubble leves, so it can continue growing smoothly. Let's see if we test sub $20, then i'll set in a buy order and hold, because honestly, there's no other way out but LTC in order to scale bitcoin right now. Im looking forward to atomic cross chain transactions.

The rest of altcoins.. don't have much actual use. Some have interesting concepts, most dont.

[Red-Apple]

Clearly you don't know much about altcoins if you think bitcoin and segwit offers the entirety of what can be done with blockchain technology. Tell me if bitcoin came out at the same time as all the other altcoins which features of bitcoin do you think make it better than the other altcoins? Or is it only because it was the first cryptocurrency to come out?

There are certainly a bunch of scamcoins out there but I don't think its fair to lump every single one together and yes the metric may be flawed but its one of many indicators that the blockchain is getting more widely adopted as a technology outside of what bitcoin does.

anybody who thinks bitcoin is flawless and nothing can become bigger than it is an idiot.
but at the same time anybody who thinks the altcoins that currently exist are valid competition for bitcoin is even a bigger idiot.

surely bitcoin is not all the blockchain technology can offer, many altcoins have shown many better features. some small and some bigger. but they are all flawed, some of them have bigger flaws than the obvious shitcoins, but only because they stay up in the second to 10th ranking on some list nobody looks at their flaws and they think these coins are good.

what you need to understand is that altcoins that are on top are created with the sole purpose of being in that position and being in that position is giving those who are involved deeply in it, a lot of profit.

[7788bitcoin]

High market cap doesn't mean people are accepting the coins. So far bitcoin is almost the only one accepted by mainstream and that's why even WannaCry is paid in bitcoin. Imagine a ransomware asking for Ripple or Eth or LTC... I doubt many people even heard of them.

[pereira4]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing

You just did.

Any readers should understand that I meant to say to stop, but even to start still applies. We need to start pointing out at the fact that BTC dominance thing on coinmarketcap is freaking stupid. Most noobs seem to look at that and think "wow, BTC is done for! better buy some alt". Those are all the idiots buying scamcoins thinking they are on board with the next bitcoin. They will learn the hard way.

[Karpeles]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing

You just did.

Any readers should understand that I meant to say to stop, but even to start still applies. We need to start pointing out at the fact that BTC dominance thing on coinmarketcap is freaking stupid. Most noobs seem to look at that and think "wow, BTC is done for! better buy some alt". Those are all the idiots buying scamcoins thinking they are on board with the next bitcoin. They will learn the hard way.

one Bitcoin vs hundreds of other alts.

even without taking into the consideration if the numbers are accurate or not, one being as big as hundread others shows some kind of big dominance, in my opinion

[Nathan047]

You guys really need to start pointing out to a flawed metric that is easily manipulated to point out how BTC is collapsing (meanwhile BTC is going to all time highs daily)

https://medium.com/bitcoinfoundation/the-bitcoin-dominance-indicator-fallacy-2b11093869d4

Sure, we need to scale, sure, Jihad Wu is a cancer blocking segwit and all that, but BTC is not collapsing, it's only going up, and you are just using that indicator to pump the latest scamcoin.

Only coin worth holding long term is LTC and the only reason being BTC has no segwit. The rest are good to pump and dump for more BTC, that's all.

What really needs to happen would be the community coming up with a solution that we can agree on and then using that to end the scaling wars and cut back the transaction fee/time. Until then Bitcoin will continue to drop.

[Kprawn]

The shitcoiners are buying Alt coins and then they sell these Alt coins to buy more Bitcoins... because they know they can do F'all with those

Alt coins. So let them buy all the Alt coins they want.... Crypto Currencies are one big family... the shitcoins are the black sheep in the family.  

I would rather have them buying Alt coins than some worthless fiat based investment.  

[franky1]

What really needs to happen would be the community coming up with a solution that we can agree on and then using that to end the scaling wars and cut back the transaction fee/time. Until then Bitcoin will continue to drop.

the only problem is the "community coming together for a solution" dispeared in 2015.

now its just the closed door invite only conventions/round table events organised by the same portfolio group
http://dcg.co/portfolio/

[Enjorlas]

Keep fooling yourselves Bitcoiners. You are about to get a hard lesson in free markets when people start moving away from the freak show that Bitcoin has become. Ethereum is where Bitcoin was just 5 months ago. You can't rely on the Bitcoin brand name forever.

#Adapt or Die

[btcforall777]

Keep fooling yourselves Bitcoiners. You are about to get a hard lesson in free markets when people start moving away from the freak show that Bitcoin has become. Ethereum is where Bitcoin was just 5 months ago. You can't rely on the Bitcoin brand name forever.

#Adapt or Die

Ethereum is where Bitcoin was just 5 months ago. Interesting metric that says a lot.

[gentlemand]

Ethereum is where Bitcoin was just 5 months ago.

How desperately unfortunate for Ethereum. Let us hope their moment in the sun lasts a little longer than that before they start squealing about market caps and shit.