Altcoins dying????

[BrewCrewFan]

When BTC goes up. Alts go down.

Makes sense. It's math!

Yes but it is not the same coralation like that. of course you would get a smaller amount of BTC for the same amount, but the smaller amount of BTC would equal the old value.... like 2 weeks ago a coin would get ( just an example of price ) 1 BTC per 1K alt. With the line of thinking , now that a BTC is worth more, that 1K alt would fetch .8 BTC but that .8 BTC would equal what the 1 BTC did 2 weeks ago.
This is not the case. The alts are crashing much faster. It is not all "because the BTC is worth more" because 60 then and 20 now does not make sense then.

[andrewboy44]

too many bullshit alts have been created. Thats the problem. So instead of every mining the top alts everyone is mining different things on and off with hopes of it becoming something.

[BrewCrewFan]

too many bullshit alts have been created. Thats the problem. So instead of every mining the top alts everyone is mining different things on and off with hopes of it becoming something.

Yep too much of the wealth is now all over the place. I am all for alts, but now its just gotten out of hand. Devs are not even trying. I have seen a few the last month that would be a worthwhile try.... but a good majority of these alts are just flat out shit.

[DarkMiningBTC]

I understand what you are all saying, just scared of not getting ANY profits after a while, do you guys think now that atleast BTC is up again the coins might be boosted up to what they used to be (like they were worth 2x last week and the week before)

[DarkMiningBTC]

by that like how lets say if you were doing 1.5 MH/s , on most coins it would be $40 a day, will we see that again or will it keep plummiting?

[Notanon]

Pointless clone coins seem to be dying, the ones with original features (Litecoin, Peercoin, Primecoin, etc.) seem to be staying strong.

[Fraxinus]

Pointless clone coins seem to be dying, the ones with original features (Litecoin, Peercoin, Primecoin, etc.) seem to be staying strong.

Yes the old ones, but the new coins with actual benefits are buried under all the crapcoins.
And its normal, who has the time to read all the announced coins..
And the coins who do get the most attention (doge,cat,coinye) are a fucking joke.
So the good coins stay under and don't get invested in.

[coinpool_de]

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?

Dont' worry. Almost every coins will survive, I think. Maybe many of them will be dumped sooner or later, but after waiting some time it will be back much stronger and higher. Experience from the  last summer tells me so. We will see.

yes i think so. at the moment the price is comming down. But we will see new highs. A lot of money went into doge.

[kalus]

And the coins who do get the most attention (doge,cat,coinye) are a fucking joke.
So the good coins stay under and don't get invested in.

just of interest:  why are they a joke exactly?  because they use meme graphics?  people actually use doge. 

they actually have value (well, not catcoin lol).  and frankly i don't give a shit if it's LTC, TRC, PPC, or DOGE. If it's doing well, i'll mine it. it all can be exchanged into the same BTC, and then into my beloved 'fiat' currrency.

[alivecrypto]

This is the same thing that 5 years ago people were thinking Bitcoin will die and today where is we all know so almost all altcoins will survive and miners please try to save your coins, we could see loow panic sell and low auto miner sell now but if there will not auto miner sell and panic sell of course altcoins price will go up and with same 1Mhs will give you $30+ everyday.  Why can't you guys wait with your coins. First try to believe what crypto is and after that do it.

[StewartJ]

Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.

[BitByteBite]

This is the same thing that 5 years ago people were thinking Bitcoin will die and today where is we all know so almost all altcoins will survive and miners please try to save your coins, we could see loow panic sell and low auto miner sell now but if there will not auto miner sell and panic sell of course altcoins price will go up and with same 1Mhs will give you $30+ everyday.  Why can't you guys wait with your coins. First try to believe what crypto is and after that do it.

I think there is a fundamental difference of mindsets between 'miners' and 'investors'

Miners invest in hardware/electricity/time so are more eager to see a more immediate ROI to cover costs, whereas investors don't have ongoing costs are are used to sitting on investments for weeks/months/years for good returns.

If miners mindset change a little more towards seeing it as a longer term investment , it may help long term,
instead of just trying to get rich quick.

Leaving your money in crypto is a good investment with amazing returns, be more patient and we will all be better for it

[Spoetnik]

your just not keeping up with the pump and dump scheme buddy lol
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.

YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later

I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.

Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily

This whole scene is a pathetic lost cause period .

[Amph]

Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.

yeah they are saturating it, with all those crazy altcoin waves, it become a bit silly now...

[BitByteBite]

Now that 90% of all new alt coins are just pump and dump scam coins, everyone will lose faith and trust in buying these coins. Its a dying market.

yeah they are saturating it, with all those crazy altcoin waves, it become a bit silly now...

The money for all these pump and dump schemes has to come from somewhere.. The influx of get rich quick miners, looking for the get rich quick coin , sell sell sell and make some money. Long term it will erode the market, and is generally what I see happening.

At the end of the day, more money being pumped into bitcoin , and it's still early days.

[_teknowiz_]

it may be.. but the alt-coin is the middle class man's free market.

If alt-coin is the middle class' free market, then the upper class will come by and stomp on the middle class' sandcastle.  where do you think the whales come from?  they're not big-boned middle class folk.

no doubt. but the playing field has become de-centralized. now, the intelligent people who led different branches of life can get ahead in their own homes or properties. investing in this is a better gamble than starting up a small business right now.

if i'm wrong, why are you here? not tryin to be a dick.. jus sayin.

[coinerer]

Pointless clone coins seem to be dying, the ones with original features (Litecoin, Peercoin, Primecoin, etc.) seem to be staying strong.

Yes the old ones, but the new coins with actual benefits are buried under all the crapcoins.
And its normal, who has the time to read all the announced coins..
And the coins who do get the most attention (doge,cat,coinye) are a fucking joke.
So the good coins stay under and don't get invested in.

Why do you think somebody should read all bullshits in newly announced coins? This is very important if you wish to be misinformed.

Who has enough time to read several hundreds pages about not 1 month old coins? lol

The biggest mistake is this in this topic:

When BTC goes up. Alts go down.

Makes sense. It's math!

I don'see any altcoin which made less growth than Bitcoin from the last summer. And Bitcoin fell 3 folds from the top and now is half recovered to the middle of that range.

[gudcompney]

your just not keeping up with the pump and dump scheme buddy lol
like i just came back after a couple days and all i see on page 1 is coins i never heard of..
and ALL with horribly ridiculous names i wouldn't even stop to consider getting involved with.

YES the altcoin scene is dead and its only going to get worse
more garbage and being dumped faster..
keep up or drop out.. i chose the later

I still mine some altcoins but they are reputable coins unlike 99% of this retarded garbage getting pumped out non stop.

Face facts.. the whole entire scene loves pump and dump shit coins.
This forum does because it attracts new users etc
Pool operators love em.. makes money
Average users love em all because it make them money and they couldn't care if its a shit clone coin made by a 12 yr old from 4chan
or from a confirmed scammer or even a rapist / child molester.. you will all just say but but but but i made a bitcoin or two trading shitcoin #9,975 ...
AND worst of them all is the dumbass exchange morons at Cryptsy etc that support this shit to make money off it..
They make stupid excuses and get involved with their buddies who make most of these coins.. little back room deal kind of shit
and yes i can prove it easily

This whole scene is a pathetic lost cause period .

I agree with you that the entire scene loves pump and dump. However the 1% are really gonna be game changers and its all trial and error. i see people calling everything fake and scams. including the exchanges and i agree to a certain extent because when its all said and done. the pros out weigh the cons.

[coinerer]

I see the purpose of this topic is pump pump pump Bitcoins

[DarkMiningBTC]

well are you guys sure? I mean the prices are just decreasing EVERYDAY, i mean at this pont 1.5 will get you $15 max, Idk :/