altcoins are all dying

[matt4054]

Altcoin are NOT dead. We are just seeing a consolidation phase, like we have seen already several times before in the past

[Notanon]

I'm starting to consolidate towards Peercoin, myself. Have a bit of LTC still left in my wallet, but will focus more on Peercoin regardless (including exchanging some BTC that I mine via Hashco.ws for it).

why peercoin? it seems to be at the bottom, and the trading band is narrowing fast. you know what happens when trading band narrowing means to alt coin? another down trend will begin soon. look at XPM, QRK(I just use the coin at the same age). how will ppc be different?

Because Bitcoin is getting to a point where mining it is getting cost-prohibitive and still has an active development team, compared to the five hundred million alts that have followed since and is getting listed on more exchanges, particularly Chinese ones. I'm also starting to get to a point of getting fatigued by trying to keep up with that many clone coins, I'm choosing to just focus on Peercoin instead of wasting time and energy trying to mine new ones. That and I can't be fucked messing around with my pi miner controlling the ASICs I've got pointed at it.

Either way, go to peercointalk and judge for yourself if it is a dying coin or not.

[BitOnyx]

There must be some new idea to make any or altcoins more mainstream. For sure any more clones of already existing coins doesn't help, but most of altcoins will be doing fine as long as people would be using them.

[samson]

There must be some new idea to make any or altcoins more mainstream. For sure any more clones of already existing coins doesn't help, but most of altcoins will be doing fine as long as people would be using them.

The ultimate coin will be very different to anything that exists today.

Whatever it is won't be based on the current Bitcoin client or existing protocol.

I believe there will be a separation of transaction confirmation / processing and mining at some point in the future.

[crazyivan]

No worries here, the market will correct itself as usual. As soon new wanna-be devs figure out adding bunch of new coins is not profitable, they ll stop making them. One way or another, only 3-5 alt coins can survive this race. The rest is junk.

[jparsley]

Good time to buy, wish i had a bunch of btc right now

[Oldminer]

Another day, another shitcoin.

[eddilicious]

Another day, another shitcoin.

I think you guys need to stop adding shit to exchange. Rather than wait til them become satoshi

[eddilicious]

altcoins are just a measure of the mania.  it is a saturated market.  Sure there was a window where it made sense to mine/trade, but once the dust settles, the volume will shrivel up, there will be no more buyers and prices just implode.

Prices already imploded, and threads like this one (everybody Bearish) means it might be time to turn Bullish soon.

Talk about best time to buy, when I started the thread, I was all in btc with multiple bids 30%-50% below market price, then I wake up the next morning.  All my bids got hit, and some of them fell another 20% from my bid. Even worse, there is no dead cat bounce. It just stay at new bottom. Is it best time to buy? Or is it going to die? I am in panic mode

[december23]

not yet, but very soon.

[fran2k]

All scrypt altcoins are going to die with the next big batch of scrypt asics, as happened the last year with sha alts.

[mik_druid]

There will be rise of the Asic resistant coins for the ashes

[SBOSS]

I can agree with this, having bought into various coins and then seeing the ASICs and mining whales throw up huge sell walls. 

Premines, imho, seem to be successful in the short term but the reputation of poorly done IPOs is what does them in. 

[Joshuar]

What we need is PoS COINS. Not scrypt, Not Sha, Not anything besides PoS.

PoS= Proof of Stake, where No Mining is involved!

Those are the future of cryptocurrencies.

[piotr14]

Yes there is a lot of shitcoins which got nothing to offer but there are few that have been pumped multiple times like dgc mnc which can survive asic storm, now we should focus on scrypt-jane or scrypt-n. Buy or mine coins that have future and wait for moon:D:D All that shitcoins like leaf moon lotto will fall aurora will fall, trying to earn on them is like trying to put a dick in sharks mouth, yes its exciting but you can lose some of your cock:D:D

[Isildur23]

Not all, "only" clones that promise things they can not achieve.

[seleme]

Those that are buying these days or are set to start doing that in next few days might laugh at this thread in few weeks 

[eddilicious]

What we need is PoS COINS. Not scrypt, Not Sha, Not anything besides PoS.

PoS= Proof of Stake, where No Mining is involved!

Those are the future of cryptocurrencies.

I am not buying this PoS concept. For one reason, human society does not favor socialism in the past. If you can get paid without effort, then nobody will end up working. If you want to succeed, you work harder than others. so far I am wrong with pos coins, they seems to be hold on longer than pow coins, but we will meet in the finish line. When satoshi create btc, he actually had an economic model in his mind(the distribution cycle is much better than mec or the rest), those pos, has nothing comparable.  

[kelsey]

When satoshi create btc, he actually had an economic model in his mind

but not an environmental model  equally pow was only a temp solution as he failed to come up with a successful distribution model.

[eddilicious]

When satoshi create btc, he actually had an economic model in his mind

but not an environmental model  equally pow was only a temp solution as he failed to come up with a successful distribution model.

our economy has not figured out a fair wealth distribution model yet. I bet no one can solve that 2000 year old issue(or 5000 year old depending on which civilization you want to include)