Why is Maxcoin doing so well?

[glerant]

BTC-e is a fiat <-> LTC gateway, I don't need a mobile wallet to store. Services, some here: http://weuselitecoins.com/, https://litecointalk.org/index.php?board=7.0

However, I'm of course open to suggestions. If there's some downhill trend as you say, it's idiotic to use LTC for storage, you're 100% correct there. But where are the fiat gateways and merchant services for those other coins you mention?

Well, few and far between in Feb 2014 but who knows in June 2014? What I am saying is that the 'old' main alts are having to fight for their share of the market and many do not seem to be making much noise.

[Spoetnik]

That's the simple answer. Doge and Nxt rose to the top and stayed there while others fell down, so it is important to be able to tell the difference.

Mooncoin and Vertcoin rose and stuck, but a little lower level.

Maxcoin in the top 20 on coinmarketcap six days from launch, so again I ask the same question, what are the dynamics fueling its rise.

Thank you.

Could the Dynamics be Good Marketing? The Coin Looks like a pump and dump, and the Creator is Selling it so hard. But what does he have that is different from any other Alt Coin? Nothing he has an ok base and an ok coin it will fall flat on its face eventually. MAX is just a good marketeer that likes money.

you'd prob bitch if he wasn't "selling it" lol

hate on em price goes up and mcxnow blows him non stop.. screaching on chat at lightening speed he is god incarnate..
price done gown and he's the devil again lol
and it was funny i seen no one ask who or why.. just Take my money now

i'm getting to the point now that i think all this crap needs to go down the toilet.. screw it all including bitcoin.
if allowing bitcoin means we have this disgusting altcoin scene going full of little brats with far too much money then we need to stop it.
not sure regulation will be enough.. i think this shit should maybe just be banned outright.
we don't need snotty mouth piece greedy corrupt little children with 10 or 50k or even 100k romping around the net..
i think if authorities asked me to work with them i would now.. what ever i can do to drown little rats.
hell i won't even ask for a fee / payment i will end these punks just for the fun of it. lol

Good thing nobody gives a shit what you think.

works both ways sweetheart

by the way why are you fanboys skipping over the other guys comments saying the same thing as me ?
you home in on me like a laser beam and ignore 100% the other guys saying THE SAME THING ?

by the way you demonstrated Doge logic at it's finest..
you don't care but you read my post then quoted me and replied -> r o f l

[glerant]

LTC is a horrible crypto community imo. How can you let a coin get to a 750 million $ market cap, effectively making many coin holders and devs rich, and then not develop infrastructure that coins 1/20th its size are almost finished with?

I agree with you though, I split my portfolio up into scrypts and CPU-minable except I emphasizes the CPU coins. They are the most ASIC resistant - essentially taking Vert's sole innovation - and sometimes have other cool features. I chose Quark to make up all of my CPU portfolio portion, and several scrypts for that side.

My sentiments exactly! It is almost baffling how the (rich) LTC stakeholders did not invest in new innovation when the price jumped from 2$ to 20$.

[Spoetnik]

A while back I started to realise that even bad publicity is good publicity in BTC/ALTC world.

snip..

All IMO of course!  

Yes, but not everyone looks at the speculation angle. For example, the ones that see Cyprus bail-ins and IMF peregrine ideas. I rather store to LTC (which I can use to buy real stuff here and there), then on volatile and totally virtual MAX or Doge

I'm not sure about that. If I were fleeing from a fiat I would probably put 1/3 in a 'good' CPU coin (maybe like frozen), and 2/3rds in a couple of scrypt coins that have some further innovation over BTC (more than simply using scrypt). Maybe vertcoin and HoboNickels.

LTC seems to be on a downward track in the short/medium term - where are the fiat gateways, the mobile wallets and the merchant services?

LTC is a horrible crypto community imo. How can you let a coin get to a 750 million $ market cap, effectively making many coin holders and devs rich, and then not develop infrastructure that coins 1/20th its size are almost finished with?

I agree with you though, I split my portfolio up into scrypts and CPU-minable except I emphasizes the CPU coins. They are the most ASIC resistant - essentially taking Vert's sole innovation - and sometimes have other cool features. I chose Quark to make up all of my CPU portfolio portion, and several scrypts for that side.

It has more to offer than 99% of all other cryptos and has real world value and is in place and used all over the world..
All these clone devs / copy catters wish they had the position and services LTC does..
For example does The Pirate Bay have a Quark address on every page ? ..nope..
You are utterly insane lol

portfolio ? with alts ? let me now how that works out for ya lol
Since we all know they have such a bright future ahhaha
wanna buy some Nibble for your "portfolio" ?

I can sell you some Quark too if ya want ? since it's CPU coin
well uhhh i guess it's not but YOU seem to think it is so ..what ever then .. wanna buy some ?

[solid12345]

Why is it successful?

Because the general public likes it and like Max Keiser and know that for his faults he has been fighting for crypto for years now. End of story.

95% of people do not give one crap that a few miners with expensive equipment had to wait a day or two to get their wallets and software in working order and may have lost out on a little profit, to hell with you guys, you go around multipooling coins and dumping them at low prices leaving everyone else a bag holder and move on to the next like a bad STD. I know we need miners to make crypto function but the world doesn't revolve around your schizophrenic Coinwarz behavior either.

[Wipeout2097]

^^^
Guys, thanks for the divergent views on LTC, I must think this over.

[Ethapus]

Yeah I started mining Maxcoin at launch, until I realized what a fiasco it was. I mean c'mon apart from the delays, that rubbish was harder to set up mining than just about any other coin yet. Plus console only. And all that being a coin supposedly designed to have a fair launch accessible to crypto-newbies? Very newb-friendly, I must say. Perfect for a great first impression of cryptos.
Anything else that is new, sets it apart from other coins, makes it more than a clone? No, not that I can see. Please do correct me if I am wrong. Oh and the Max Kaiser publicity stunt is not a valid asset, even thought it may be the only thing this coin has.

I don't want to spoil anything for anybody, but I am not touching coins that are popular only because of marketing hype, publicity and pumping, having no other value. Apart from moral aspects, I simply find it to risky. But seemingly many people think differently. "Hype? Pump? Publicity? Stop right there, count me in!" 

[Keyser]

There is no way, imo, that 1 maxcoin can be more valuable than 1 vertcoin.

For starters, there will be a total of 250 million maxcoins compared to just 84 million vertcoins.  

[solid12345]

There is no way, imo, that 1 maxcoin can be more valuable than 1 vertcoin.

For starters, there will be a total of 250 million maxcoins compared to just 84 million vertcoins.  

While I hold a lot of Vertcoins and love the technology, the name is just terrible. I can imagine the mainstream person saying "What, BERTcoin? What is that?!"

[bitcointodayand]

Doge and Nxt have settled near the top of Coinmarketcap, while other coins have risen (although not necessarily this far) and then fallen.

Which camp will Maxcoin fall into?

[2ManyCoins]

Reasons:
1. It's most profitable to mine @ current price
2. It's most energy-efficient to mine than DOGE, VTC & so on. GPUs are way cooler & quieter.
3. It has the most hypes and hence may become the only ALT to, if not replacement of, bitcoin

[mazuma]

lol so much heat

[leo66]

Will it still rise?Should us buy some?

[silvermetal]

With it's current price it is far too risky for me to buy.
I hoped for a reasonable price, and have some profits from the beginning.
This is insane. About 4USD for one MAX

[bitcointodayand]

And people said Bitcoin was too expensive at $5 as well.

[helmet]

tons of idiots buying it because they think max will pump it, when they realize hes just a broke shill they will panic sell

I don't think anyone who owns 100,000 bitcoins is a broke shill.

[Jeezy911]

Maxcoin- Bad launch
Worldcoin- Stole 500+ BTC from people using the Scharmbeck and WDC foundation scam.


Maxcoin doesn't really look that bad in retrospect. It is going to be a player whether you like it or not, I would hold or buy, way too much support and volume at this point.

[Bigeyeone]

The coin is doing well because Max keiser is advertising the coin obviously on the keiser report and his other media channels, but whether Max can lift the coin on his own to the level of DOGE or even litecoin, I doubt it. but if he manages to create media attention outside of his own media channels it could. But I doubt mainstream media will pay much attention to Maxcoin, why would they, it is just another altcoin afterall and there are more then a hundred of them. It is not like Maxcoin got some special features that make it stand out so much that MSM would pay attention to it because of newsworthiness.

[Nullu]

Maxcoin is just the next big thing until someone bigger and more well known comes along. He's taking advantage of a niche market. Nothing more. As soon as someone more famous comes along and puts their name to an altcoin, Maxcoin will plummet. I'd put money on it.

[bitcointodayand]

Maxcoin has lost a lot of value recently.