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Author Topic: Astonished by how altcoin scene has changed in last 2 years!  (Read 1566 times)
shivamchawla (OP)
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May 20, 2017, 05:55:45 PM
 #1

Hi everyone,

I joined bitcointalk in 2014 and was really active till 2015. I was involved with various altcoin currencies such as Hyper, EMC2 etc. I invested nothing into the market and earned coins by completing bounties for coins developing website, handling communities etc. Then traded them on poloniex and earned a decent amount. I earned a lot during that period but due to the fact that nothing new was happening during that period, I became bored and left the forum and stopped following alts. I still kept an eye on the developments in the bitcoin market via bitcoin reddit.

I just started reading about altcoins again due to the exponential rise of the altcoin valuations in the recent days and I just cant decide which one is better. They are almost all different. Every coin has a different plan and technology. Every coin has a decent future. Its not like the old pump and dump shit. They are actually trying to build legit stuff.

I cant imagine a better time for blockchain tech. I should have never left. I would have made a lot more if i had stuck a little more.

All in all, I just wanna say that its the golden time. Try salvaging it and now I am gonna go and find some good ico's to invest in  Grin
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UMadorMyrin
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May 20, 2017, 05:57:31 PM
 #2

The golden time is over. Those entering the scene now are about 6 months too late
shivamchawla (OP)
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May 20, 2017, 06:01:03 PM
 #3

I really dont think that it is late. Most of the products of various coins which have completed their ico's are still in development. They havent even entered the market yet.
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May 20, 2017, 06:09:16 PM
 #4

I really dont think that it is late. Most of the products of various coins which have completed their ico's are still in development. They havent even entered the market yet.
Look at the charts for the major coins over the last 6 months

If you were in the game in late 2016 you could retire right now with the astronomical, exponential gains. Too late to see those gains again, sadly
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May 20, 2017, 06:11:13 PM
 #5

I really dont think that it is late. Most of the products of various coins which have completed their ico's are still in development. They havent even entered the market yet.
Look at the charts for the major coins over the last 6 months

If you were in the game in late 2016 you could retire right now with the astronomical, exponential gains. Too late to see those gains again, sadly

I don't think its too late. After the next correction we will all have another chance.
shivamchawla (OP)
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May 20, 2017, 06:12:55 PM
 #6

Yes, i know. I saw those charts when i first entered into the bitcoin market. Those same charts were of bitcoin and see it rose exponentially again. It is all about finding the right coin and there are many right coins now.
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May 20, 2017, 10:02:31 PM
 #7

The problem as I see it is guessing which altcoin will succeed. I was looking at the historical charts from coinmarketcap in 2014 and a lot of the top altcoins just crashed hard. Ripple is about the only exception and I never really saw it as a true crypto. It is heavily centralized with a huge premine. In fact, I would consider Ripple to be more like a bank stock. I also felt there was a good chance that the SEC would (and could) shut it down.

Next possibility might be Litecoin, but that coin was up to $50 at one time, if you bought around then, you still haven't recovered, much less made any decent profit. I bought a few at about a $1 each, sold them when they hit $5. Used the profit to take my family to McDonalds.

Using the chart from Jan 2014, this is what I see (numbers are heavily rounded and not exact):

Peercoin, the #4 coin with some good ideas, went from over $7 to around $2 today.

Mastercoin, the #5 coin, seems to be gone now. The link takes me Omni...not the same coin unless they are destroying coins by mining.

Nxt, the #6 coin, survived okay, but you would have still been better off leaving your money in bitcoins.

Namecoin, the #7 coin, went from $7 down to $2

Bitshares, #8, from almost $20 down to $0.08, ouch   Embarrassed

Quark, #9, from a dime to a penny, I guess the Bitshare people think you lucked out.

Megacoin, #10, from a dollar each to a dime each....

and you see failure after failure, at least the Dogecoin people have their memes. And if they wanted they could change their name to Wolfcoin, change their emission rate to 1% per year (down from 5%) and succeed if they got together (they won't, but a rich strongman could force a fork and make a ton of money).

I scanned all the way down to the last altcoin (#67) and there isn't a single one that I can say "oh, I should have bought that one".

It isn't till Darkcoin (Dash) came out in early 2014 that I can see a decent investment show up. Even the instamine seems to be doing more good than harm. Speaking of stealth coins,  how the hell did Monero get anywhere? I downloaded their wallet and it just opens a DOS window with a CLI. There doesn't even seem to be a help menu. I imagine 99.9% of the Monero people are storing their tokens on an exchange.

Ethereum in late 2016 would have been a good bet, but personally I felt it only succeeded because Bitcoin is in a civil war over scaling. Turing complete (and yes, I totally understand it) sounds really cool, but I have always felt that cryptocurrencies true strength is as a store of value and censor proof transactions.

There have been a few bubble coins recently (STEEM, GOLEM, STELLAR), but if you invested heavily in one of them, you were probably doing a shotgun approach or got very lucky.


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May 20, 2017, 10:25:15 PM
 #8

I guess almost all of the coins in the market have they era in the pass years so in this time the price have got higher and not a really good time for the investors to invest in this coins because any time the price could go down in a fast rate but still there are many coins that have a great potential in the market.
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May 21, 2017, 12:02:29 AM
 #9

The golden time is over. Those entering the scene now are about 6 months too late

That's what I was reading in 2014/2015. It's 2017 now. Crypto is still a toddler.

Look into the eyes.
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May 21, 2017, 12:26:22 AM
 #10

The golden time is over. Those entering the scene now are about 6 months too late
I don't believe that for a minute.

To the OP here, I'm not an old timer like you but welcome back.  I can only imagine how things have changed since '14-'15.  The prices, for one thing.  The total amount of altcoins out there, for another.  How many altcoins were around 3 years ago?  You look at some of the exchanges now, and they're clogged with the things.  Most of them are just redundancies.

Hope you have a good reentry into crypto.  It is indeed an exciting time.
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May 21, 2017, 12:47:34 AM
 #11

 There are plenty of low cost coins that COULD multiply to riches. The difference between now and two years ago is that the rise of exchanges and coin acceptance of entire nations has led to a environment where the functional usability and inherent value have very little to do with price any more.

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May 21, 2017, 01:00:54 AM
 #12

There are plenty of low cost coins that COULD multiply to riches. The difference between now and two years ago is that the rise of exchanges and coin acceptance of entire nations has led to a environment where the functional usability and inherent value have very little to do with price any more.
It is very astonishing how altcoins has changed although I only started by the year 2015 and joined bitcointalk at 2016. Back in the days when bitcoin price is doing an upward trend, altcoins dump and when bitcoin goes down in terms of price, altcoins mostly go up in price. Seeing it as it is now, it is not what happens anymore, I guess we are in a new era of altcoins where it's price can't be predicted that easily anymore.
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May 21, 2017, 02:34:21 AM
 #13

I really dont think that it is late. Most of the products of various coins which have completed their ico's are still in development. They havent even entered the market yet.

Marvelous but what about those of us that see ICO's are scammy ?

What then ?

FUD first & ask questions later™
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May 21, 2017, 02:49:25 AM
 #14

This is like 2013 again, lots of alts, lots of expectations, people thinking everything would go to the moon, two years later most of them dead and people could see they were in a bubble.

Most of the alts you think are innovative and will skyrocket will be dead in some months. I would be careful about long term investments in altcoins now
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May 21, 2017, 02:54:33 AM
 #15

This is like 2013 again, lots of alts, lots of expectations, people thinking everything would go to the moon, two years later most of them dead and people could see they were in a bubble.

Most of the alts you think are innovative and will skyrocket will be dead in some months. I would be careful about long term investments in altcoins now
These days lots of altcoins have emerged into the market. Very few skyrocket and others just give a fake pumping and gets out of usage in a short time. For a successful growth the roadmap with a perfect development team to follow the schedule and finding for promotion makes it last long and and​ grow in value.

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shivamchawla (OP)
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May 21, 2017, 04:48:46 AM
 #16

There are plenty of low cost coins that COULD multiply to riches. The difference between now and two years ago is that the rise of exchanges and coin acceptance of entire nations has led to a environment where the functional usability and inherent value have very little to do with price any more.
It is very astonishing how altcoins has changed although I only started by the year 2015 and joined bitcointalk at 2016. Back in the days when bitcoin price is doing an upward trend, altcoins dump and when bitcoin goes down in terms of price, altcoins mostly go up in price. Seeing it as it is now, it is not what happens anymore, I guess we are in a new era of altcoins where it's price can't be predicted that easily anymore.

Exactly, i could just see a coin announcement and tell if it is fake or legit back in 2014. Now, everything looks legit.


The golden time is over. Those entering the scene now are about 6 months too late
I don't believe that for a minute.

To the OP here, I'm not an old timer like you but welcome back.  I can only imagine how things have changed since '14-'15.  The prices, for one thing.  The total amount of altcoins out there, for another.  How many altcoins were around 3 years ago?  You look at some of the exchanges now, and they're clogged with the things.  Most of them are just redundancies.

Hope you have a good reentry into crypto.  It is indeed an exciting time.

There were lots of coins. Almost everyday 5-10 coins were released. Every coin had the same algorithm, same plan. It is great to see that instead of being a currency, coins are actually trying to build products on top of them.
shivamchawla (OP)
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May 21, 2017, 04:51:47 AM
 #17

The sad part is that every coins is now for long run and have to hold on for long run. Instead of waiting for days for something to happen, we now have to wait for months.
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May 21, 2017, 05:03:57 AM
 #18

The golden time is over. Those entering the scene now are about 6 months too late

That's what I was reading in 2014/2015. It's 2017 now. Crypto is still a toddler.

Yup.. Bitcoin is only 8 years old with no adoption yet. AKA: It's Early <-- crypto cliche #23

And yup.. the OP is an old timer now.

Yuppers it's all changed since 2015 ..well the coin prices.
And uhhhh ?

Yup it's uhhhmmmm about GUESSING which coin will be "pumped" next for ROI's.

Ahh crypto is sooooooo beautiful guys and wow this future is ohhhhhh so fucking bright.

Did i mention.. CHINA ?

FUD first & ask questions later™
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May 21, 2017, 05:04:22 AM
 #19

The sad part is that every coins is now for long run and have to hold on for long run. Instead of waiting for days for something to happen, we now have to wait for months.
Its much better since the actual earnings is really high most of the project that has been created a year ago are heading to a profitable journey like what happen to bitcoin that really jumped up most of the alts are also resisting and making its own value.

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May 21, 2017, 07:45:49 AM
 #20

When the moon is in the Seventh House
And Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars
This is the dawning of the age of Aquarius Altcoins.

I really think that we are coming out of the dark and
That alternative crypto currency has a very bright future.
The technologies based on the blockchain are very innovative
And we are steering away from the simple 'coin' feature

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