Do you think the alt-coin crash is hurting bitcoin?

[eiskalt]

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

--arepo

Still bullish on LTC, because desperation.

LTC/BTC pair still has potential for upside move. 6h indicators looking good.

[1714137590]

1714137590

[Cyberlight]

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.

For 2014 I see litecoin outperform bitcoin.

Haha, forget it.

[eiskalt]

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 

That was your mind? Thought it was arepo´s 

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.

For 2014 I see litecoin outperform bitcoin.

Haha, forget it.

You just confirmed it 

[Bit_Happy]

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

--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]

Buy high sell low repait until broke.

[TERA]

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]

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.

[hellscabane]

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]

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

[Twilight_Sparkle]

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.

[Bit_Happy]

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]

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.

[Edward50]

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.

[phazon307]

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.

[Bit_Happy]

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. 

[vitarian]

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

[Bit_Happy]

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.

[Spoetnik]

bad alts make btc worth less.

[jubalix]

there is a good chance an alt will replace BTC.

Personally I think PPC,DOGE,LTC, XRP, EMUNIE, NEM and maybe NXT and XPM


are all long term hodl material.

PeerCoin in particular has had no competion in the backbone store of value arena from any alt.....it really stands out.

Download the peercoin blockchain you will see what I mean....really quick.

[Ibian]

there is a good chance an alt will replace BTC.

Personally I think PPC,DOGE,LTC, XRP, EMUNIE, NEM and maybe NXT and XPM


are all long term hodl material.

PeerCoin in particular has had no competion in the backbone store of value arena from any alt.....it really stands out.

Download the peercoin blockchain you will see what I mean....really quick.

It would be really, really great if the altcoin pumpers would explain what makes their favored alts of the day so great. You know, instead of just saying that they are.