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viking02 (OP)
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August 06, 2017, 11:54:29 PM |
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Hey all. I would like to know this. We all know bitcoin got well know a while back. But it wasn't until this year when bitcoin hit 1000 dollars when everyone became aware of it. Then it went up more and more etc. I did not know much about any other coins besides litecoin. I had no clue there were so many coins etc.
Well what i want to know is when exactly did all these altcoins got so popular but most importantly, were there lot of discussions of altcoins before bitcoin hit 1000 dollars? Because had i know about these altcoins, i probably would have gotten a good bit of them at low prices. I had no clue litecoin was so low price at the start of this year. Basically every altcoin in the top 25 etc has went up a lot where you could have made so much money etc.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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ranih
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August 07, 2017, 04:04:58 AM |
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Altcoins become popular mainly in the last 2 years. Take a look at the graph here: https://goo.gl/images/x4XbrcMost of the announcements and discussions are actually here on bitcointalk. In addition, most companies have their own channels like Slack or Telegram. Hope I answered your question  |
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shamzblueworld
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August 07, 2017, 04:09:21 AM |
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And the number one reason for altcoins getting so popular, is people realizing that there is tons of money to be made with alt trading. People buy low, fud and pump and sell high... $$$$ profit.
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BTCwriter
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August 07, 2017, 04:18:13 AM
Last edit: August 07, 2017, 04:29:37 AM by BTCwriter |
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It is going to get more popular because lot of money involving. Where there money there are lot of people chasing it.
In my book crypto is still in beginning phase. There's going to be decentralized exchange phase soon, basically extortion, bribery, ransom etc. will be just a click of a button. It's bad or good invention no one know, I myself not happy when think about it but the tech pointing that way.
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LilibethSantos
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August 07, 2017, 04:43:17 AM |
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There had always been altcoin launches on this forum (litecoin, namecoin, etc) but it seems to have really exploded since 2016.
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Smith13c
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August 07, 2017, 07:15:09 AM |
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Everyone knows bitcoin and its value.
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Robertshc
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August 07, 2017, 07:16:57 AM |
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The value of bitcoin is constantly increasing.
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tiggytomb
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August 07, 2017, 07:18:09 AM |
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Altcoins have always been around, I think they have become that much more popular recently because bitcoin is starting to get quite expensive and people are looking for the next bitcoin, especially now with ETH coming along people will be looking for the next big coin.
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TheKeyLongThumbI
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August 07, 2017, 07:36:28 AM |
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I also wanted to know, too. I hope someone would educate us and give us the real answer on your question. I'm guessing that it started to get popular when it was listed on exchanges.
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nusacreep
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August 07, 2017, 07:40:10 AM |
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It is going to get more popular because lot of money involving. Where there money there are lot of people chasing it.
In my book crypto is still in beginning phase. There's going to be decentralized exchange phase soon, basically extortion, bribery, ransom etc. will be just a click of a button. It's bad or good invention no one know, I myself not happy when think about it but the tech pointing that way.
I tend to agree with you; nowadays cryptos pop uped like wildfire and it tends to be less about innovation, but more towards greed. |
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Ayers
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Leading Crypto Sports Betting & Casino Platform
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August 07, 2017, 08:13:06 AM |
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The value of bitcoin is constantly increasing.
you nailed it, it's because of the high value of bitcoin that more investors come to invest in altcoin, to have a chance to make more bitcoin, it's not new that altcoin are the only thing remaining to make tons of bitcoin, there is no other way anymore because now is very hard to acquire bitcoin without buying and investing millions |
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elite3000
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August 07, 2017, 08:16:18 AM |
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People missed the Bitcoin train but they still want big returns, so they invest in altcoins in the hope they would skyrocket like btc did in the past. That's the reason of existence of most altcoins.
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13abyknight
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August 07, 2017, 08:50:16 AM |
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I also wanted to know, too. I hope someone would educate us and give us the real answer on your question. I'm guessing that it started to get popular when it was listed on exchanges.
The coin got famous first and then started being listed on exchanges. When people first couldn't grab hold of BTC, (933,200% ROI back from 2011) they want other short bursts of high returns and are turning towards investing money into altcoins which is making them popular. |
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stealth.money
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Going stealthy
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August 07, 2017, 08:57:11 AM |
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Seen late last year.
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ChinkyEyes
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August 07, 2017, 09:09:53 AM |
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Mainstream media has hyped Bitcoin a lot since January.
After that in May they started hyping up ethereum and other alts.
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qiwoman2
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August 07, 2017, 09:20:47 AM |
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I think the last eight months have really made Altcoins really popular. I see from the Facebook feeds now most of my friends on Facebook are involved in Bitcoin and Altcoins. Now even all my family want to get involved, which is another ten people so that means coinmarketcap over the coming year is about to really explode I think. Even my Dad told me today, I wish I had listened to you and bought ten bitcoin when it was 400 bucks..He regrets it so much lol.
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shimbark123
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August 07, 2017, 09:24:28 AM |
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I think 2014 or so. That was when cryptocurrency was shown and was teached by us by those people that were behind this. And I think bitcoin cannot live without its alts so I think it is better for altcoins to rise also. It is not a bad thing, but the opposite. Primarily altcoins are just an alternative we are here for bitcoin though.
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robeth
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August 07, 2017, 10:14:17 AM |
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There had always been altcoin launches on this forum (litecoin, namecoin, etc) but it seems to have really exploded since 2016.
Whether all the new coins can be famous If not, how big losses..thanks sir |
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Glok17
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August 07, 2017, 10:27:06 AM |
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I think Litecoin was one of the projects that helped to establish strong altcoin scene!
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hase0278
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August 07, 2017, 10:27:30 AM |
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Well what i want to know is when exactly did all these altcoins got so popular but most importantly, were there lot of discussions of altcoins before bitcoin hit 1000 dollars? Because had i know about these altcoins, i probably would have gotten a good bit of them at low prices. I had no clue litecoin was so low price at the start of this year. Basically every altcoin in the top 25 etc has went up a lot where you could have made so much money etc.
Altcoins got really popular just this 2016 because in the past, only a few invests on ICO's but look at it now, there are many investors looking to invest into new promising ICO's. Those who have known sooner is so lucky, they have made a huge profit by now if they have invested big. Too bad I only have loaded a little bit less than 1 bitcoin worth of alts way back in the days but still its nice to get profit. |
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