Altcoins are dying

[placebo]

It seems that the crash has started.

GDC was trading at 800 now only 69
DOGE was trading at 120 now only 37
LOT was trading at 50 now only 14
FST was trading at 5000 now only 1200
ZET was trading at 8000 now only 2800

And i can continue with this list forever. I believe that 80% of the coins lost more then 50% the last few days, some of them more then 90% since their high, for example TGC, GDC,...

When will we expect a ALTCOINS STRIKE BACK, because the market looks terrible!!!

[perhan007]

They all have been even cheaper in November... This is the time to buy!

[placebo]

Who is selling? Because when you take the current prices then it cost you more on electricity then that you can receive when selling your coins.

[tokyoghetto]

too many altcoins...not enough money to go around.

some people sold DOGE to buy EAC.
some people sold GDC to buy Coinye.

these coins bring nothing new to the table. If you want to know what hyperinflation looks like, this is it. Create worthless coins out of thin air that go to zero. Human greed is killing the market. Look at Coinye, the devs have sold the project after taking in a huge premine.

I would just invest in solid bluechip coins like BTC and LTC. Wait for 2nd gen coins to come out, avoid all scam coins.

these are dark days for alts, we have no one to blame but ourselves.

[Lauda]

Who is selling? Because when you take the current prices then it cost you more on electricity then that you can receive when selling your coins.

Wrong. 1.3 MH/s makes you 10$ a day with my electricity costs.

Let the crapcoins die.

[nurminen1]

They all have been even cheaper in November... This is the time to buy!

+1

[2bfree]

I think there should be as many as many people are willing to make someone will survive and more importanly people will learn the process so we have bitcoin backups if need be

You don't know if the feds from around the world one night raid all people involved with bitcion as "terrorist" and we need to go underground

[Amph]

those first number are all pump lol, now they met their real price

[atp1916]

This is the market.  Only the strong / useful / profitable survive.

Darwin had it right if he had been talking about crypto.

[cryptohunter]

the strong established alts will be okay

all this last wave of shitclones except 3 or 4 will die. Then the remaining strong alts will all start to go up again as more people enter.

Right now you have a bunch of noobs trying to mine and pump every shitclone that comes out. This is not working and eventually everyone will just go to mine coins that already community and value.

[placebo]

those first number are all pump lol, now they met their real price

That are the coins that i follow, but to pump a coin you're at the wrong place... pumps are organize on twitter and certainly not on bitcointalk.

[SpiryGolden]

Wait a bit the vacation just end up people are starting too put their projects on running , the party is over let's get back to work . And yes i notice a lot and most of them if you look on marketcoin cap you can see that all have a downwards trend ...for now because they are too MANY MINERS .

[placebo]

the strong established alts will be okay

all this last wave of shitclones except 3 or 4 will die. Then the remaining strong alts will all start to go up again as more people enter.

Right now you have a bunch of noobs trying to mine and pump every shitclone that comes out. This is not working and eventually everyone will just go to mine coins that already community and value.

We are talking about coins that have been on the market for a very long time like ZET,GDC,FST, that are no new coins...

[50cent_rapper]

This is simply marktet fluctuations, nothing special. Look at stock markets.

[placebo]

I believe DOGE will be huge next year. I've been reading a artickle of one wall street investor that bought DOGE and he believe that it will be a big buy. Other coins, i don't know, but i will not be suprissed if DOGE will become number 3 of the market behind BTC and LTC. Everywhere you see DOGEs, at least every website that i open

[PinkPotatos]

I bet if you google searched site:bitcointalk.org "altcoins are dying" you will see this thread over and over.

BEWARE of this weeks coin not the guy on twitter hehe

[PinkPotatos]

The worst part was that the whole market went up all at the same time, and that

left little time for investors to hop from one coin to another to make more money.

It would be nice to get 5x your money on one coin, then look at a cheap coin

and buy in and then get 5x your money again, etc....

But the coin market seems to move all at once most of the time, leaving little to no space

for bigger gains.

How is it possible for ALL the money to move at once? OR maybe there is just a few with all the money.. moving at once. Think about this real fast. Altcoin prices are determined by those with the most bitcoins, who has the most bitcoins? That data is publicly stored in the block chain!

[cryptohunter]

the strong established alts will be okay

all this last wave of shitclones except 3 or 4 will die. Then the remaining strong alts will all start to go up again as more people enter.

Right now you have a bunch of noobs trying to mine and pump every shitclone that comes out. This is not working and eventually everyone will just go to mine coins that already community and value.

We are talking about coins that have been on the market for a very long time like ZET,GDC,FST, that are no new coins...

that's not the point, people are being distracted from older established alts by this new breed of shit. Therefore the older alts are leaking support. However i see lot of the new wave of alts actually dead now, i mean dead.  As 1000s of new shitclones are released noobs start to realise these are not worth mining or supporting. Soon new coins won't even be looked at unless they have innovation. Most will never make exchanges.  Therefore all new incoming investment will concentrate on the alts already on exchanges and the price will rise again.


BIGGEST THREAT TO ALTS IS THE GREED OF CRYPTSY.  Cryptsy has shown again by adding 42 how greedy and self motivated they are. They ignored many new alts that had much larger support and added 42 only because they mined a lot of it themselves and wanted to dump it. There is no other reason for them adding it. They are meant to add coins that people want added, but they don't do this. They did it with orbitcoin before (the biggest premined scam coin ever) they added it in 2 days even though nobody mined it and nobody like it.  They got a huge bribe and put it on there.

Cryptsy needs to stop adding what they want, and actually only add coins that have huge support behind them.


If you want to blame alts crashing on anyone it is cryptsy and coinedup - they need to stop adding every single coin also.

[shtako]

Altcoins with low trading volume is essential worthless. Price/total marketcap do not mather when no one wants to buy your coins.

For example. If you hold 100 btc worth of goldcoin, cryptogenic bullion and franko, 1/3 each, and you have to sell because you need cash fast. How much btc would you get?

[placebo]

Well, if you were watching cryptsy, you would have seen that all the coins seemed to go up all at once

If i had enough money then i would first find the coins with wake buy walls, sell my coins to those wake buyers and then put a huge sell order at that price, this will result that people are afraid as they see this big sell order and they will start selling their coins even cheaper and as a small investor you put a big buy order, so they will all sell too you, and when you have enough coins you remove your sell order, buy a few shares and create a big buy order but now with 30-40% higher then when you sold your coins, people will put there buys above your big buy order and you start selling your coins. Very easy method to make big money, only you need to have a lot of money, else i would already done that , and even earn more and more money.