MAJOR WARNING - ALL COINS

[mela65]

I don't understand the purpose of this warning and i disagree with you. Right now, the market cap of coins is  $92.522.281.310. Do you believe all of these money will pull out of the market ? I dont think so.

[befrank]

Nothing in this world has actual value. Something has value if enough people say it has value. The more people say it has value the more people will believe it. Cryptocurrency are as risky as shares or common currency. Apple and Google stock are not valued by what they are actually worth, the stock is worth what people believe it's worth (if nobody will buy Apple products anymore, nobody will believe Apple is something worth unless Apple says they have something 'amazing' coming, an idea they fuel every year). As long as people want to believe it has value, it will have value. So to all cryptofreaks on this forum. Who are you believing, an economist who still thinks value is backed by something or do you think value is a pure psychological phenomenon.

[Kupid002]

Opps and also paper don't have value  it's only a paper that have face of a hero lol. The price of each coin is determined depends on the adoption supply demand and the use of each coin if no one want to use that coin and no one interested to buy it's totally dead.

[Panxora_COO]

Excepting the truth that at some level nothing really has value unless you want A BRICK and I have A BRICK or you want a prune because you are stopped up and I have a prune which I will trade to you to unstop you nothing has value. Dollars, gold, gold plated latinum, wampum - all an agreed upon construct by our cultures.
Now, let's talk about planet earth where we all live.
Specifically ALTcoins. I am NOT an expert but I work with some pretty smart cookies who are expert and are working to create a paradigm shift in in what currency means. Most new tech starts either with applications for the military or pornography space and then migrates into more mainstream use cases.
Same with ALTCOINS. We started out with many ALTcoins that had somewhat spurious purposes (Has anybody seen Ricky on Trailerpark Boys sell hashcoins? I’ve wondered if that was them tipping their hat to the altcoin industry.) Now we are getting coins that have some wonderful use cases. There are excellent minds looking at this.
Look at AICOIN.IO. Look at chronobank.io. Look at Quantum Resistant Ledger. Not sure if that will pop, but what an idea!
Will all of these maintain or appreciate in value? Unlikely. But if you look at the currency of any country and that includes the US Dollar, its all pretty much a crap shoot there as well.
So shame on you for stating that silly, unfounded and broad generalisation. It is a complex question and not possible to state with such certainty – ALL COINS VALUELESS.
Poppycock!
(That’s a funny word. Poppycock.)

[bitcoinvestor]

"Economist" LOL. If you use the theory with banking industry may be work. But this tech that soon replace fiat, and soon banks will colapse. If you work in a bank you'd better quit the job and invest or work for cryptocoins . You will make a lot of profit.

[biggan]

Some people will of course believe in the cryptocoins anyway, regardless of the fact that they are worthless.
Just like people believe in santa claus or god.

But please, take my word for it, this is a bubble and when it pops it goes down very fast.
Have a plan with stop-loss that triggers automatically - not IF - but WHEN the market fails you.

I made alot of money from bitcoin.
Not because i believed in them or bought them, I'm a computer nerd so I just happened to have them since 2013.

I've sold it all now.

[Pierre 2]

This is not good time to warn people.
We just started mainstream crypto phase. Its too early to see them become worthless.
It will have lot more demand in 10 coming years. You'll see.

[biggan]

This is not good time to warn people.
We just started mainstream crypto phase. Its too early to see them become worthless.
It will have lot more demand in 10 coming years. You'll see.

When should I warn my fellow computer nerds?
When its to late?

Ok mr satan.

Also, normal currencies like USD and EUR are also worthless.
Buy real stuff, sell your coins and buy silver and gold, apartments, houses etc.

[The Sceptical Chymist]

I don't believe you're an economist--and appealing to credentials is foolish anyway--but I don't disagree that there are way too many coins in existence and that most will end up as worthless.   I've been saying that myself for some time now.  Unless demand takes off, nobody is going to be using anything other than bitcoin, litecoin, and a small handful of others.   The rest of the shitcoins don't stand a chance.

[arpon11]

In Economics, what create value for an asset is the force of demand for it. Coins are not being louche for creations sake but for a purpose of  solving a particular problem in our society. Suncontact was created to solve energy problem for example.

[SilverCoin300]

In Economics, what create value for an asset is the force of demand for it. Coins are not being louche for creations sake but for a purpose of  solving a particular problem in our society. Suncontact was created to solve energy problem for example.

How is a digital coin going to solve energy problems?

There is just too many coins.

[xx-man]

Looks like he's going to be a joke on this forum, because I think he's misplaced to talk like that here, because this is a Bitcoin and Altcoin forum that turns all your expectations into reality, maybe you should have a longer thinking before you Create a thread and Posts like that.

[toknormal]

I've sold it all now.

Well at least your honest that your talking your trading book rather than your economics book.

Tip: A bearer token that can find a buyer in New Zealand for a Seller in Alaska AND allow them to take delivery within 20 minutes isn't going to  loose its value anytime soon.

[Keihatsu]

Money per se is based on a belief system since the gold standard was abolished.
Fiat money, a piece paper, is not worth $100 in terms of its material value.

A cryptocurrency has value if people believe it does. Bitcoin has value because a growing number of retailers accept it as payment. There are, however, a number of well documented technical limitations with BTC, which must be overcome if its usage to become mainstream. A number of ALT coins have the potential to supersede BTC, although it will be hard to dethrone.

I agree that 99.9% of coins will fail and become worthless. The total market cap of the coins is ridiculous, given the usage of the coins as currency, it is purely speculation.  

Investing in the potential of a blockchain technology, as opposed to a currency, is a different kettle of fish. Many people confuse the two.

In my opinion, the bubble is still a long way from popping. Mainstream investment funds like Hardgreaves Landsdown are only starting to launch BTC investment funds. As BTC continues to grow, ALT coins will too. There are likely to be a few wobbles along the way. When the bubble eventually pops it will have implications way beyond the cryptocurrency world.

I expect total market cap of $90 - $110 billion by 2019/20, then collapse to $10 billion or less. The emperor has no clothes my friends.

[Chikito]

Hello dear fellows,

I'm an economist and I just want to give you a head up to sell all your coins before they get worthless.
Including Bitcoins.

Today there are over 750 cryptocoins in existence.
Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.

So, if anyone can create any amount of their own coins.
Guess what the value of that coin will be on the market?
0.
It's value is zero.
It's literally worth less than water or the air you're breathing.

Once people start to realize this, that the coins have no realistic valuation, each and every single one of every coin will be worth NADA. 0. ZERO. NOTHING.
Enjoy the ride while it last, and get out fast.

Regards

This is very strange, how do you describe that cryptocurrency is 0 (not valuable) with the viewpoint of your economic methodology? , You are not an economist I think you are like naturalists. All started from nothing and crushed with nothingness . =))

[xhomerx10]

Hello dear fellows,

I'm an economist and I just want to give you a head up to sell all your coins before they get worthless.
Including Bitcoins.

Today there are over 750 cryptocoins in existence.
Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.

So, if anyone can create any amount of their own coins.
Guess what the value of that coin will be on the market?
0.
It's value is zero.
It's literally worth less than water or the air you're breathing.

Once people start to realize this, that the coins have no realistic valuation, each and every single one of every coin will be worth NADA. 0. ZERO. NOTHING.
Enjoy the ride while it last, and get out fast.

Regards

 I just whipped up a cola-based drink in my kitchen and it's pretty tasty!  Good bye Coca-Cola Company!!  Mhuahaha!  Sell all of your Coke and Pepsi stock while you still can, losers!

[generalizethis]

Because literally anyone, any team of people can design and create their own coins. Very easily with all the open source codes available.

This isn't true (if you want something that's an actual improvement or works as intended).

Sure you can copy/paste a current coin's design and copy/paste their updates to infinity--then you have V.2.0 and will always be playing catch-up. Bitcoin clones have proven this idea doesn't work at replacing the original.

And yes, you could copy/paste a coin and start adding your own features, but unless you have developers who understand cryptography, you are likely making something that will break with any real use (I'm staring at all those coins that use multiple hashing algorithms and didn't read or understand a cryptographic engineering textbook when they state that using multiple algorithms is a terrible idea and should be avoided unless absolutely necessary).

[biggan]

I think many here sounds religions. Just like believing in God or the market in 2007.

I'm trying to provide easy understandable facts for you here.
What anyone can make, is not worth anything.
That is economy 101.
What very few can make, is worth more. And so on.

There are over 700 cryptocoins today. https://coinmarketcap.com
Look this site.
What is it that you dont understand? It is the most simple economy you can ever learn.
Cryptocoin has no more value than some gold inside a computer game.

Sell it for money and invest in something real.
I'm out, at least I warned you.

[generalizethis]

There are over 700 cryptocoins today. https://coinmarketcap.com

Sturgeon's Law applies, and in cryptocurrency, it's likely higher.

[FractalUniverse]

Hello dear fellows,

I'm an economist and ....

you know what most of the people in my country think when someone says "Im an economist, listen to me ..." ? :