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Author Topic: Do you think the alt-coin crash is hurting bitcoin?  (Read 4624 times)
eiskalt
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March 20, 2014, 09:10:33 PM
 #21

The good alts won't go away. And in the next bitcoin bull run (if there's one) they will again provide greater return than bitcoin.

If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.
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John999
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March 20, 2014, 09:14:57 PM
 #22

The good alts won't go away. And in the next bitcoin bull run (if there's one) they will again provide greater return than bitcoin.

If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

You read my mind  Shocked
eiskalt
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March 20, 2014, 09:21:09 PM
 #23

are the altcoins crashing?

Litecoin's mini-bubble just burst, but that was completely due to bitcoin speculators seeking short-term profits. it's simply tracing out the same bubble pattern as Bitcoin, and i see no fundamental reason for it to trace all the way back to pre-November prices.

i think the crypto-despair is infecting the other coins, but sentiment lows are always the best time to buy Cool

--arepo

Still bullish on LTC, because desperation.

LTC/BTC pair still has potential for upside move. 6h indicators looking good.
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March 20, 2014, 09:23:14 PM
 #24


If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

Quote from: eiskalt
For 2014 I see litecoin outperform bitcoin.

Haha, forget it.
eiskalt
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March 20, 2014, 09:25:45 PM
 #25

The good alts won't go away. And in the next bitcoin bull run (if there's one) they will again provide greater return than bitcoin.

If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

You read my mind  Shocked

That was your mind? Thought it was arepo´s  Cheesy


If a prolonged bear market develops in BTC, one could speculate that some alts will decouple and push in the opposite direction.

We never had a prolonged BTC bear market with serious alt competition.

Quote from: eiskalt
For 2014 I see litecoin outperform bitcoin.

Haha, forget it.

You just confirmed it  Cheesy
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March 20, 2014, 09:30:49 PM
 #26

are the altcoins crashing?

Litecoin's mini-bubble just burst, but that was completely due to bitcoin speculators seeking short-term profits. it's simply tracing out the same bubble pattern as Bitcoin, and i see no fundamental reason for it to trace all the way back to pre-November prices.

i think the crypto-despair is infecting the other coins, but sentiment lows are always the best time to buy Cool

--arepo

Buy Low!  (or sell low and buy back lower)
MEOW went up over 100% just a day or two ago...........lol?
https://www.cryptsy.com/markets/view/149

Some risky things are safe if you get a good enough price.
Cyberlight
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March 20, 2014, 09:33:21 PM
 #27

Buy high sell low repait until broke.
TERA
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March 20, 2014, 11:54:45 PM
 #28

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.
chessnut
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March 21, 2014, 12:16:58 AM
 #29

Yes. I think nubs have been damaging their portfolios like ships over rocks in these slow and uninspiring times. the litecoin bubble hurt a lot of people, those who have been stung by a pump and dump will be timid to enter bitcoin.

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March 21, 2014, 12:21:37 AM
 #30

I definitely think that there is a significant impact with the scamming, pump and dumps, crashing, hacking, etc. of many things in the alt-coin scene. It causes a relatively new market segment to go away and the hacks also contribute to driving the price down as those bitcoins are continuously laundered and cycled so that they can be dumped.
YipYip
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March 21, 2014, 01:16:41 AM
 #31

i've been looking forward to this.

the altcoins need to go away.  this crash will serve to make that happen.  and then Bitcoin can continue on.

The 100+ diferent coins are collapsing under their own weight of dilution and its about time ....

When you are cutting coke and if you just keep cutting it all you end up with is somtheing you would use to bake a cake

There are a handful of alts that bring something to the table ...all the rest are junk

Winter is Here ..its not COMING ...lolz .... its time to rebuild consolidate and look forward to a more mature crypto future

A future that does not have 101 clones of litecoin


OBJECT NOT FOUND
Twilight_Sparkle
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March 21, 2014, 01:36:19 AM
 #32

Nah, The alt-coins have never really had a bit impact on bitcoin. Dogcoin is probably the only one that has, because it brought some people into the cryptocurreny world who were not interested before. Still, copycats continue to be nothing more than a footnote.

1H8gQ7KEN65pbdtusg28NQ33YWFBPgWAf1
Bit_Happy
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March 21, 2014, 03:28:27 AM
 #33

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.

When things look hopeless, and prices are down ~80 to 90% you have a perfect time to:
Buy, or give up and sell the rest off cheap?
Edward50
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March 21, 2014, 04:34:28 AM
 #34

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.

When things look hopeless, and prices are down ~80 to 90% you have a perfect time to:
Buy, or give up and sell the rest off cheap?

maybe you can argue this point about Bitcoin, but I can't see how alt-coins can turn themselves around.

I have been preaching in the alt-coin forum many months ago that the growth rate is way too high and there is absolutely no way the prices can be sustained. To top it off all the alt-coins basically share the same investment money. Lets not forget about the miners who will all mine the most profitable coin to dump.


Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
Edward50
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March 21, 2014, 04:38:17 AM
 #35

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.

agreed 100%. Glad some other people notice that alt-coins were a big business for bitcoin. I think it had a much bullish impact to bitcoins than people want to give it.

I think it helped sustain the high bitcoin prices for a long time. Now that this is over, bitcoin should fall back to sustainable levels.

Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
phazon307
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March 21, 2014, 04:40:21 AM
 #36

I called this and I knew it would happen people making tons and tons of altcoins so stupid exchanges can't keep up miners cant keep up to many alt coins makes not enough miners to mine = difficulty never going up = anyone can mine and get a lot = worthless I look to Betacoin why? because developers are working behind scenes to create new services I don't think alt coin is dead but I do think it is in a dead zone its still hanging in there what things make bitcoin worth so much? Stores accepting them, Atms, people paying big amounts for them news reporting it you take all those things and apply it to any other altcoin and that altcoin worth money as well.

Win up $200.00 usd in bitcoins every hour.
Bit_Happy
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March 21, 2014, 04:51:34 AM
 #37

Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.

When things look hopeless, and prices are down ~80 to 90% you have a perfect time to:
Buy, or give up and sell the rest off cheap?

maybe you can argue this point about Bitcoin, but I can't see how alt-coins can turn themselves around.

I have been preaching in the alt-coin forum many months ago that the growth rate is way too high and there is absolutely no way the prices can be sustained. To top it off all the alt-coins basically share the same investment money. Lets not forget about the miners who will all mine the most profitable coin to dump.



There is no solid case for optimism.
Two days ago I made over 100% in under 3 hours on a hopeless coin.
Those types of returns can keep me going for a while.  Smiley
vitarian
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March 21, 2014, 10:31:33 PM
 #38

With the major sell-off of altcoin, I would have expected BTC to rise, since selling altcoin = buying BTC.
Bit_Happy
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March 21, 2014, 10:52:19 PM
 #39

Still depends heavily on the fiat flow.
People selling off alts might also be going totally into cash.

With the major sell-off of altcoin, I would have expected BTC to rise, since selling altcoin = buying BTC.



>>> Has anyone mentioned that alts tend to lead?
The alts might bottom first and head higher before BTC. This happened several times in the recent past.
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March 22, 2014, 06:25:27 PM
 #40

bad alts make btc worth less.

FUD first & ask questions later™
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