DogeCoin already bigger than Litecoin

[scottii]

Yeah the article really help.

[1714854470]

1714854470

[1714854470]

1714854470

[Zzzack]

If anyone is interested, I have compiled a list for 84 alt coins. You can find the analysis here:

http://cryptosource.org/good-buys-and-coins-to-avoid-how-daily-coin-maintenance-costs-should-factor-into-your-investment-decisions/

Read this article! I was actually going to post it in this thread because I thought FreeTrade inspired it. I was surprised QRK was left off too, but its fine seeing your reason.

I based my recent investments off these statistics. We'll see how QRK and Zeta do compared to the coins that need more money to maintain.

I agree with people saying Doge won't be able to maintain 1.3 mill a day, but the block halving is coming soon. Still, it would need to be getting as much money as LTC to maintain price with the halving. I think it will drop 30-40% or so and it could possibly maintain that price. Looks like a really bad medium term investment though

This article is quite interesting. However as an investment strategy we must check other issues too. Premined is an important problem, and this is a Quark concern.

An other cryptocurrency that may be worth be presented, and not described in the present article is extremecoin (EXC); The maintenance cost is around $70. This one has the quality to be a good investment too, sadly by now only BTER trades it.

Premine is more of a concern when trading a freshly minted coin. Quark has been distributed pretty well through natural market forces -- millions of QRK were being traded daily until it got big, and then 10 million QRK a day were being traded. Even if it isn't the best distribution (no one will beat Doge's distribution, and I will place a bet into an escrow if anyone wants to for that), it is distributed well enough relative to BTC, LTC, and PPC. I wouldn't be willing to invest in it if I thought a few people could easily crash the price (my concern with NXT).

There's a difference between perfect distribution (Doge) and sufficient distribution (BTC, LTC, PPC, QRK, NMC, PTS, MEC, WDC) and borderline scamcoin (Coinye, NXT, FairQuark).

But, I'm interested in hearing about Extremecoin. Is its main feature that its supposed to have a stable price? As in it is in a low-mining, low-maintenance cost phase? I think that as long as their is a 'decent' dev team behind these kinds of coins, they will be safe investments.

[chaolang]

Thanks for sharing this

[DieJohnny]

great post, maret cap sites please add this as a trend line metric!!!

[zackclark70]

An interesting question for all coins is -

How much does it cost to maintain the coin at its current price level?

It gives you an idea of how much money is currently flowing into the coin, and resources being used to secure a coin's network. It's easy to work out - you take the current price and multiply it by the number of new coins created each day. I've compiled a list and it currently has some interesting coins at the top, and some interesting coins at the bottom - here it is

Top Coins
Bitcoin -     800x25x6x24 =           2.880M
DogeCoin -    0.0018x500000x60x24 =   1.296M
Litecoin -    20.57x50x24x24 =        0.592M
Mooncoin -    0.00019x1000000x40x24 = 182,400
Peercoin -    4.53x114.44x6x24 =       74,651
ProtoShares - 10.20x16.177x12x24 =     47,521
WorldCoin -   0.29x53x120x24 =        45,792
Primecoin -   2.65x10x60x24 =          38,160
Namecoin -    4.88x50x6x24 =           35,136
Feathercoin - 0.27x200x24x24 =         31,104
Novacoin -    12.72x9.3x6x24 =         17,034
MemoryCoin -  0.20x216x10x24 =         10,368
Megacoin - 0.57 - 25x24x24 =              8,200
DigitalCoin - 0.2510x15x90x24 =         8,100
Devcoin  - 0.00059 - 50000x6x24 =   4240

Bottom 3 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Zetacoin - 0.02 = 4x120x24 =       230

*Let me know if I've missed any - just looked at the top20 and the ones i'm interested in.

there are a few coins that cost near 0 to keep the price up

ADT  near 0  1 mill market cap average trade volume over 500ltc/day

and a few other coins that are 100% POS


I am sure there is a bunch more

[fran2k]

This is a great resource as I haven't really considered this. The fact that they need fewer users per day to maintain a market cap means that they are a better investment. Why would I want a coin that NEEDS thousands of new users every day just to MAINTAIN its value?

Because that coin is Bitcoin.

[fran2k]

Coin   Maintein Cost   Market Cap   Ratio
Bitcoin   2880000   10027272784   0,029%
DogeCoin   1296000   51890072   2,498%
Litecoin   592000   546091291   0,108%
Mooncoin   182400   2835957   6,432%
Peercoin   74651   111729841   0,067%
ProtoShares   47521   15143820   0,314%
WorldCoin   45792   13720227   0,334%
Primecoin   38160   12408418   0,308%
Namecoin   35136   41836319   0,084%
Feathercoin   31104   8928512   0,348%
Novacoin   17034   7405632   0,230%
MemoryCoin   10368   632848   1,638%
Megacoin   8200   13141908   0,062%
DigitalCoin   8100   3169968   0,256%
         
IFC   979   10313983   0,009%
Quark   852   20021124   0,004%
Devcoin   424   3370965   0,013%
Megacoin   328   13141908   0,002%
Zetacoin   230   3192814   0,007%

[bitaxed]

Sorry, but I do not get the point of these tables: assuming that only the new coins are changed for fiat in a given day is deadly wrong. I think you should better look at market depth concept.

[Bobsurplus]

Doge is only bigger because its got 100 billion trillon quadrillion coins floating around..

Doge is shit! LTC to the MOON!

[ltcifc]

This calculations have no meaning at all for coin value.

[cryptohunter]

the table means nothing really, a lot of those coins will experience block rewards getting chopped right down soon.

This table is only true for a period of time, it will be a totally different table in a week, a month  a year.

I wouldn't read much into it.

The FACT is nobody can tell you which coin is a good investment and which is not.  All these coins are swayed daily by forces you can not predict.

Both doge and ltc have large communities , neither are going anywhere. Both are good investments. However doge will decrease rapidly in terms of expense to maintain price as the block rewards decrease. LTC could still do a moon shot because i still think it will be next to be listed after btc on the big retail websites. When ever you hear BTC mentioned LTC is the next they mention if they talk about alts. It is now ingrained that it is the silver to btc gold.

I am pro most alts and btc except the scam ones that were premined and still have a large bulk of coins in the hands of the devs. 

[sadface]

those calculations only apply if you assume that every new coin mined will be immediately dumped.

[cryptohunter]

those calculations only apply if you assume that every new coin mined will be immediately dumped.

i see some online rag picked this table up. It is really FUD because they don't mention the block rewards of a lot of those coins will be cut in half soon and then half again, and as you say assuming everyone dumps their coins immediately. It is FUD for the most part. Although a couple of their fav coins are pretty good gambles.

[DannyDisco]

i see some online rag picked this table up. It is really FUD because they don't mention the block rewards of a lot of those coins will be cut in half soon and then half again, and as you say assuming everyone dumps their coins immediately. It is FUD for the most part. Although a couple of their fav coins are pretty good gambles.

It's not FUD at all. They are simply my personal opinion on which coins are currently overvalued and which are undervalued. If I strictly based myself on the table, I would have simply picked the bottom and top 5 coins to add to the list.

Notice I didn't put LTC or PPC in the coins to avoid despite them being in the top 5 daily maintenance cost? I simply feel that the coins I listed have an unsustainable maintenance cost at the moment. They are simply too new and a lot of the interest is all hype. I feel they will come back down to reality eventually... but who knows, this is the crypto world and anything can happen.

Anyways, if a short article with a few picks is enough to crash or significantly increase the value of a coin, then FUD is the least of it's concerns.

[reRaise]

This is definitely no fud. You all should be glad you have learned something new.

Nobody talked about block halving, this is the case at PRESENT time.

[Mr. Net]

This is definitely no fud. You all should be glad you have learned something new.

Nobody talked about block halving, this is the case at PRESENT time.

I think all this is a big deal, even thou we are talking in present time now one can implement it to the future and estimate some predictions.

Something to keep an eye on: Netcoin Block halving, from 512 to 256 in about 40 days.

Last time it halved, price went up a few 100%.

I am not saying its going to behave like this next time now, but the odds are, its going to repeat what it did last time.

[jballs]

This seems to assume 100% of new coins mined are sold.

I.e.

 If coin A mines 10,000 coins and 10,000 coins are sold, you have a minimum buy in per day of 10k x price.
 
 If coin B mines 10 million coins and 5 million are sold, you have a minimum of 5 million x price.

So you have to take the trading volume into consideration or else this is a pretty irrelevant stat.

[ArtImitatesLife]

An interesting question for all coins is -

How much does it cost to maintain the coin at its current price level?

It gives you an idea of how much money is currently flowing into the coin, and resources being used to secure a coin's network. It's easy to work out - you take the current price and multiply it by the number of new coins created each day. I've compiled a list and it currently has some interesting coins at the top, and some interesting coins at the bottom - here it is

Top Coins
Bitcoin -     800x25x6x24 =           2.880M
DogeCoin -    0.0018x500000x60x24 =   1.296M
Litecoin -    20.57x50x24x24 =        0.592M
Mooncoin -    0.00019x1000000x40x24 = 182,400
Peercoin -    4.53x114.44x6x24 =       74,651
ProtoShares - 10.20x16.177x12x24 =     47,521
WorldCoin -   0.29x53x120x24 =        45,792
Primecoin -   2.65x10x60x24 =          38,160
Namecoin -    4.88x50x6x24 =           35,136
Feathercoin - 0.27x200x24x24 =         31,104
Novacoin -    12.72x9.3x6x24 =         17,034
MemoryCoin -  0.20x216x10x24 =         10,368
Megacoin - 0.57 - 25x24x24 =              8,200
DigitalCoin - 0.2510x15x90x24 =         8,100
Devcoin  - 0.00059 - 50000x6x24 =   4240

Bottom 3 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Zetacoin - 0.02 = 4x120x24 =       230

*Let me know if I've missed any - just looked at the top20 and the ones i'm interested in.

I suspect the error is with production = availability. The amount of coin actually available on the market, is far smaller than the MAX(coin.made.perday). Example the amount of gold available to purchase is much smaller than the amount actually mined. Ditto with diamonds. The volume is not necessarily related a price of a thing.

[jballs]

An interesting question for all coins is -

How much does it cost to maintain the coin at its current price level?

It gives you an idea of how much money is currently flowing into the coin, and resources being used to secure a coin's network. It's easy to work out - you take the current price and multiply it by the number of new coins created each day. I've compiled a list and it currently has some interesting coins at the top, and some interesting coins at the bottom - here it is

Top Coins
Bitcoin -     800x25x6x24 =           2.880M
DogeCoin -    0.0018x500000x60x24 =   1.296M
Litecoin -    20.57x50x24x24 =        0.592M
Mooncoin -    0.00019x1000000x40x24 = 182,400
Peercoin -    4.53x114.44x6x24 =       74,651
ProtoShares - 10.20x16.177x12x24 =     47,521
WorldCoin -   0.29x53x120x24 =        45,792
Primecoin -   2.65x10x60x24 =          38,160
Namecoin -    4.88x50x6x24 =           35,136
Feathercoin - 0.27x200x24x24 =         31,104
Novacoin -    12.72x9.3x6x24 =         17,034
MemoryCoin -  0.20x216x10x24 =         10,368
Megacoin - 0.57 - 25x24x24 =              8,200
DigitalCoin - 0.2510x15x90x24 =         8,100
Devcoin  - 0.00059 - 50000x6x24 =   4240

Bottom 3 'Big' Coins
IFC      - 8.3e-05 - 4096x120x24 = 979
Quark    - 0.074 - 4x120x24 =      852
Zetacoin - 0.02 = 4x120x24 =       230

*Let me know if I've missed any - just looked at the top20 and the ones i'm interested in.

I suspect the error is with production = availability. The amount of coin actually available on the market, is far smaller than the MAX(coin.made.perday). Example the amount of gold available to purchase is much smaller than the amount actually mined. Ditto with diamonds. The volume is not necessarily related a price of a thing.

This is correct, more or less. You really need to know what the redistribution is. If 100% of miners are dumping 100% of coins per day it would have some value as a metric. I dont think there is any way of figuring that though.  IRL we use 'on balance volume' as an estimate, where volume on down days is chalked up as net selling and volume on up days as net buying (though of course every seller has a buyer).

[DieJohnny]

This seems to assume 100% of new coins mined are sold.

I.e.

 If coin A mines 10,000 coins and 10,000 coins are sold, you have a minimum buy in per day of 10k x price.
 
 If coin B mines 10 million coins and 5 million are sold, you have a minimum of 5 million x price.

So you have to take the trading volume into consideration or else this is a pretty irrelevant stat.

I don't agree, if I am choosing to pay my bills with my own cash rather than sell my DOGE Coins then I am in effect buying more DOGE. I think economics and monetary theory come into play here and it is more complicated that either you or the OP are suggesting.

I feel this is a great metric. As it tells you that the confidence in the coins future value is VERY HIGH if you are in the top few. I would call this a confidence metric more than anything else.