Are country coins the next wave?

[bitcointodayand]

There Is Iceland, Scotland and Cyprus that I am aware of.

How should these be evaluated, by what criterion?

[1714971618]

1714971618

[Nullu]

They should be treated like any premine. With absolute distrust until proven otherwise.

[First.Bitcoins]

There are two kinds of coins worth considering:
1. Coins that might replace Bitcoin because of major technological advances
2. Niche coins

One can not underestimate the power of a user community and their desire to embrace their own coin, like country coins, or like Doge (twitter, redit, FB rewards), or Mezacoin.

DISCLAIMER: I head the Dev team for a niche coin, AppleBytes - coming in April. We are focused on supporting the arts in NYC, and are first building the local community support in NY, before releasing miners.

Anyone interested, can follow us here: Announce Thread

I believe niche coins focused on a specific community are the next wave.

[First.Bitcoins]

They should be treated like any premine. With absolute distrust until proven otherwise.

And I agree, there have been far to many pumps & dumps...
Investors & miners should carefully analyze any new coin, and determine if they believe there is a long-term future worth investing in.

[crocko]

Check this too: BTL (aka BitLeu)

https://bitcointalk.org/index.php?topic=510353.0

[Bigeyeone]

Just another sales pitch to pump their coin and make some cash.

It dont take much here to convince some people that this new coin is the next bitcoin or even better then bitcoin

[El Dude]

They will all go the way of china coin.

[Wipeout2097]

I don't see you guys complaining about United States related coins...

[bitcointodayand]

Is anyone surprised that Auroracoin is going up again?

[wallstreetcoiner]

I believe niche coins focused on a specific community are the next wave.

In our opinion, the market is preparing to enter a massive consolidation phase.

We think a couple of years from now most of the niche coins and country coins will fade from sight and three or four mature coins will gain a foothold in the behavior of the consumer.

Based on all the data available at the moment, most likely the top three will be: 1. Bitcoin (BTC), 2. Goldcoin (GLD), and 3. Litecoin (LTC).

[Canaanite]

Is anyone surprised that Auroracoin is going up again?

Nope, because people understand the premined coins are actually going to Icelandic people and not to a massive dump
(and it seems speculators love this coin)

[kalus]

Is anyone surprised that Auroracoin is going up again?

no, because the actual number of liquid coins (i.e. not held by developer for so called 'airdrop') is extremely low.

with few coins in circulation it's easy to manipulate the auroracoin value with small transactions. 

[coa032]

And the next one is PLNcoin - Polish cryptocurrency...net hashrate already 3 GHs

[MEGAman]

Country coins are the big thing right now because the gimmick continues to work. As long as there are people stupid enough to buy into them scammers will continue to make them. Nobody has actually executed on it yet so it's a mad rush to get more and more out the door before people wise up. They are absolutely all scams and everybody still holding a month from now will have lost their ass. The devs of these coins have been doing quite well. I know for a fact the Mazacoin dev is one of the the biggest morons on the planet - I'm not kidding. He is a complete imbecile. Unfortunately, he's profiting quite nicely off the stupidity of the altcoin community.

I'm just excited to see what the gimmick of the week will be next week because I'm investing early in the next one - now that I've seen first hand time after time how ignorant and incorrigible altcoin investors are I might as well start taking advantage of the easy profit. Get in early while the gimmick is still fresh and get out before people start to figure out they got burned. I don't condone dishonesty or ripping people off but if it's going to happen regardless I might as well make a few bucks off of it.

[nakaone]

in economics there is something called optimal currency region - that is why bitcoin makes sense regarding "internet money" and national cryptocurrencies do not make that much sense. they actually have absolutely no advantage to bitcoin

[YarkoL]

There are two kinds of coins worth considering:
1. Coins that might replace Bitcoin because of major technological advances
2. Niche coins

I agree. Only I would change (1) to technically innovative coins. Bitcoin will hold its position as the currency of the cryptocurrencies.

I think we are only at the start of seeing all kinds of community coins. My guess is that next wave could be "e-commerce altcoins". When some smart merchant in some niche understands that altcoins are good marketing, good for creating social buzz, she'll make one. If it becomes successful enough, other merchants in the same niche will start accept purchases with the coin.

[drippx]

The one that needs this the most would be CYPRUS I believe

[bitcointodayand]

I believe niche coins focused on a specific community are the next wave.

In our opinion, the market is preparing to enter a massive consolidation phase.

We think a couple of years from now most of the niche coins and country coins will fade from sight and three or four mature coins will gain a foothold in the behavior of the consumer.

Based on all the data available at the moment, most likely the top three will be: 1. Bitcoin (BTC), 2. Goldcoin (GLD), and 3. Litecoin (LTC).

That is very logic (but events don't always proceed logically).

And you lost me at Goldcoin?

[bitcointodayand]

The one that needs this the most would be CYPRUS I believe

they have Aphroditecoin, and it's hot

[bitcointodayand]

Greececoin rising also