Altcoins dying????

[lalakies23]

Similar impacts occurred to Betacoin because the value of Bitcoin have risen. Although those who truly believe in this currency
will have real profit since now can buy very cheap

[peterlustig]

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

[Taxidermista]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

Of course they are dying. Do you thing there is an unlimited money source to keep this circus rolling with 5 new coins every day?

[binaryclock]

They are dying because BTC/LTC is going to the moon.  I've been around long enough to see the cycle happen a few times over.  However your BTC is now worth more, so if you think about it, you're not losing out.  You get less BTC, but BTC is valued higher.

Hope this helps!

Ryan, dedicatedpool.com support/admin
admin@dedicatedpool.com / IRC on freenode #dedicatedpool

[testbitcoiner]

it's happening again!!  doge is on coinwarz at rank one as most profitable with 124 satoshi

actual value atm is 26 satoshi. a new alltime low.

this is shenanigans!
someone wants to manipulate multipools with these fake profitability numbers

You must be special or something.

It's listed on coinwarz at 26 satoshi. Takes about 3 seconds to check.

And it's the most profitable coin still because the difficulty has remained the same for awhile now and the block reward is still very high.

I've seen this happen a few times in some interval. my suspicion was that it coincides with a multipool script that checks every xxx minutes for the most profitable coin.

but whatever. you're too smart for all of us:

so 4 hours later you check and see it has changed. good for you, at least you checked.

but you did not poke your grey cells long enough to make them comprehend for you that a lot can happen in 4 hours...

you must be special or something...

[coinerer]

Altcoins are indeed DYING!!!! Already a few weeks. Lower high and higer lows. Now currently we are trading at levels that even altcoins are too cheap. LOT at 0.00000012???!!!, DOGES at 0.00000025???!!! I don't want to say anything but when you check that Junkcoin have a higher value then LOT then this say enough!!!!LOT and DOGE are being sold by the multipools, and those pools are destroying eachother. I notice a 2BTC sell at 0.00000012 on LOT, first how is it possible that they have so many shares!!!??? You already need to mine a long time to get this amount of coins.  Some multipool were hit hard today and will have a hard time to recover. Good think for the small investors as mining LOT and DOGE is not profitable at current levels, so pools will move away, value will start going up again, till the multiplepool are killing each other again.

Ha ha, good analysis.

Junk coin is much more rare coin than LOT or DOGE. Keep buying doge and lot. I will continue with junk when/if junk fall to the toilets bottom. lol

[vendetahome]

Are altcoins dying? Is mining dying in general? Like a week or 2 before any altcoin mined at 1500 KH/s (scrypt) would get you around 40 dollars a day, now its like $15, also SHA 256 coins like emark and tigercoin and all the others seemed too. What's going on ? Is it dying or will it get back up?? Also should I start investing in coins instead of mining? Like dogecoins?

As long as it is profitable to mine altcoins, I guess they will not die completly.

[DarkMiningBTC]

That was really interesting to read man, do you suggest I mine lottocoin instead of dogecoin? I'm starting to hate dogecoin and understand why everyones pissed off about a meme like that becoming an actual coin.

Well i never got on the doge bandwagon.. couldnt stand it when i first saw its launch and opted for LOT instead.. Do i kick myself over it? No, not really, i think LOT has a potential for value over the long run and as i covered my hardware costs within 2 weeks of buying my 1st card so everything else is just a bonus. Small or big doesnt make a difference as i am in for the long run.

It's a case of long term vs short term really on what you choose to mine.
 
If we are going long term i would say trade all your alts for LTC as value will likely appreciate by the end of the year with the introduction of ASIC chips for LTC even if the ASIC are catastrophic failures it will only take some other company another 6 months at most to tweak and fine tune the process.

In the short term, coinwarz is helpful, to determine the best coin to mine but i generally ignore their top 3-5 picks simply because the profitability charts show the current most profitable coin based on difficulty and price and more often than not a multipool is already at it so your gains will be lower.. it doesnt matter what pool your in. If a multipool gets into mining a coin you are looking at around 800MH-1GH being casually tossed at a network and the following auto sell of the coins will basically drive the prices down by the time you get your coin to market. What i would do is mine anything but the most profitable and only sell when its at its most profitable on coinwarz that way you can catch the best price before the initial drop in price. If you arent hard up for immediate returns.. stick around for auto sells to come in and basically buy back the same amount of coins sold at a lower price. Its not the "Gospel Truth" but its a common enough occurence to be taken as a fact.

Looking at coinwarz your 1.5MH is expected to give about $15 a day in earnings so i dont think you are doing too bad on mining. I think we will actually see a rise in the value of the regular tried and true alt coins over the next few weeks as more and more miners get tired of the wave of new idiot coins and go back to mining what they are comfortable with. As for telling you to mine LOT i would actually suggest that you head over to the coins page and gauge the level of activity and decide if its something your interested in. Right now LOT is not the most profitable but its miners have fun with the superblock rewards so the network stays alive. Net looks promising from its price trend not sure why though as i havent had a chance to see their forum. EAC is impressive in the way it markets itself. Kind of a serious version of Doge really in their marketing just wish i dint feel like i was mining an earth day version of internet explorer.

I mined NDL for a few hours simply because i found the whole thing hilarious and they did a fun job on their wallet. I also solomine GRA when i am bored its not on any exchange and difficulty is at 0.6-0.8 and miners are reluctant to sell their coins because of the interests earned every 2 weeks on the coin. Personally, I would advice you to collect a small stake there as the dev bosian seems to be one really hard working individual. it really is a remarkable coin in that no accusations of scam flood the thread, DEV works hard to improve and fix issues, and there is no heavy push by any miners  to get listed on an exchange as they like mining there themselves. It was created about 2 weeks before LOT and doge and basically got lost in the scramble. If it does get on an exchange it could do very well.

I, myself, have partnered with a friend and will hopefully get two rigs operational by Feb through outside investments. I expect to get at least 10 rigs up by June in the same way. So, i do firmly believe in the future of a global digital economy. 
 

Well it's really hard to decide which coin to go for with great profibility and STABILITY. They're always fluctuating and you can never tell

[StewartJ]

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon...

[testbitcoiner]

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon...

so you list a few positive aspects and then conclude that it's gonna be dumped when it hits cryptsy....

have you looked at what happened at coined up and coinex to EAC?


some guys with insanely high sell order blocks have been crashing the price back to starting value from the moment cryptsy launch was confirmed.

they place a million heavy sell order, force people to underbid, then retract that order and watch the price tumble. when it recovers, do it again. rinse repeat.

note that these blocks don't get sold. volume is way way too small. and that's the point.

someone or some people crash the price so they can buy cheap.

if people wanted to dump on cryptsy launch, they'd use the same tactics to PUMP the price before launch so they can make money.

they would not crash it to launch levels if they wanted to sell....


also: while most coins tanked when BTC spiked, EAC remained stable. all that means pretty much the opposite.

you've got what? an activity of 294 and you still don'T understand how the game is played? somehow I can't believe it.

as someone who has traded pennystocks for a living for years, I know all the tricks people use to manipulate low volume markets. EAC is being manipulated down to buy it. I and everyone who knows these kinds of markets can see that clearly

[dewdeded]

You are trying to hard, really bro.

[Morticio]

Cage coin/ moon coin die in hours after he go on coinedup and other small exchange. People totaly dump the coin soon as possible. Earth coin are on exchange over weeks and he stay very stable. I sell some 2 weeks ago at 300. And today he are at 300. On last month coin, it's the most stable.

[carlb007]

WTF is up with you testbitcoiner?

Talking about EAC like its the only coin that gets its market manipulated - its happening all over the shop.

I dont even know what the point is that your trying to make half the time - one second your claiming its a great coin, the next your harping on about how everyone should be mining because its most profitable? Its only the most profitable in the here and now - so you have to be selling it straight on, in which case you dont give a fuck about the coin or think its ever going to be worth anything more in the future.

[Kungfucheez]

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon...

so you list a few positive aspects and then conclude that it's gonna be dumped when it hits cryptsy....

have you looked at what happened at coined up and coinex to EAC?


some guys with insanely high sell order blocks have been crashing the price back to starting value from the moment cryptsy launch was confirmed.

they place a million heavy sell order, force people to underbid, then retract that order and watch the price tumble. when it recovers, do it again. rinse repeat.

note that these blocks don't get sold. volume is way way too small. and that's the point.

someone or some people crash the price so they can buy cheap.

if people wanted to dump on cryptsy launch, they'd use the same tactics to PUMP the price before launch so they can make money.

they would not crash it to launch levels if they wanted to sell....


also: while most coins tanked when BTC spiked, EAC remained stable. all that means pretty much the opposite.

you've got what? an activity of 294 and you still don'T understand how the game is played? somehow I can't believe it.

as someone who has traded pennystocks for a living for years, I know all the tricks people use to manipulate low volume markets. EAC is being manipulated down to buy it. I and everyone who knows these kinds of markets can see that clearly

Just stop, you're embarrassing yourself. You sound retarded

[StewartJ]

Earthcoin is such a classic pump and dump coin...

Shiny new logo (IE explorer?), coolio website, lots of Giveaways, virtually no innovation, catchy catch-phrases "The coin for everyone on the planet..."

And has nearly 300 million mined coins, getting ready to be massively dumped on Cryptsy.  

All the Earthcoin miners living in mom's basement will be getting some quick BTC soon...

so you list a few positive aspects and then conclude that it's gonna be dumped when it hits cryptsy....

have you looked at what happened at coined up and coinex to EAC?


some guys with insanely high sell order blocks have been crashing the price back to starting value from the moment cryptsy launch was confirmed.

they place a million heavy sell order, force people to underbid, then retract that order and watch the price tumble. when it recovers, do it again. rinse repeat.

note that these blocks don't get sold. volume is way way too small. and that's the point.

someone or some people crash the price so they can buy cheap.

if people wanted to dump on cryptsy launch, they'd use the same tactics to PUMP the price before launch so they can make money.

they would not crash it to launch levels if they wanted to sell....


also: while most coins tanked when BTC spiked, EAC remained stable. all that means pretty much the opposite.

you've got what? an activity of 294 and you still don'T understand how the game is played? somehow I can't believe it.

as someone who has traded pennystocks for a living for years, I know all the tricks people use to manipulate low volume markets. EAC is being manipulated down to buy it. I and everyone who knows these kinds of markets can see that clearly

If you see anything positive about phony marketing, well, I have to like your optimism.

So EAC will actually rise on Cryptsy?   The Miners wont dump their tens of millions of worthless coins into the market?

OK, then I stand corrected....I will dream a dream that Earthcoin is not a scam coin.... I mean, I can dream after all, can't I?

[El Dude]

all these pump and dumps are scams ,if your not trading these scam coins for litecoin/bitcoin your gonna have a bad time.

[koshgel]

All of the alt coins are being pump and dumped. Which coin has a legitimate purpose or future?  Also most are falling in value because they are tied to btc/ltc and those are on the rise. If the price remained the same on the alt coins, they would be gaining value.

[niothor]

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

Tell me this is fake.

[StewartJ]

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

Tell me this is fake.

I am shocked that MILF Coin is still available... lol

[Thyatis]

Anyone who doesn't think that altcoins are dying, take a look at coingen's status page today.

http://coingen.io/status.html

this is after 2 days.

Tell me this is fake.

I am shocked that MILF Coin is still available... lol

My 2 cents Theory

People will realize that all this stupid named alt coins will become nothing. That is why a lot aren't hitting teh exchanges.  Some will  like electric coin and so forth that seem to have some type of backing.  Will they be the next BTC or LTc most likely not. 

if you haven't noticed though a lot of  money has gone out of the alt coins again thusly reducing the price.  It will go back up again, the next time there is a Doge coin that gets the masses.