Why all the coins are getting cheaper?

[SBOSS]

All those coins get raped by a few ASICs, who dump no matter the price.  The issue there is that many coins are overpriced which makes it profitable for the ASICs.

  As for premines like NXT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams.

[1715293605]

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[1715293605]

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[1715293605]

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[BTCat]

Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalk.org/index.php?topic=245086.0

[GigaCoin]

They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over

[GigaCoin]

All those coins get raped by a few ASICs, who dump no matter the price.  The issue there is that many coins are overpriced which makes it profitable for the ASICs.

  As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams.

Not sure about nxt as I haven't kept up.

But IPO scams have really hurt the altcoin community, I'm pretty sure 1000BTC+ has been robbed so far from IPOs, I've always warned against them but unfortunately Greed clouded people's judgment.

[El Dude]

They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over

this.

[toknormal]

As for premines like NxT and majority premines like Aurora ~ they both died after the public became aware of scandals / IPO scams

Speak for yourself. I just put money into both of those in the last few days. IMO, NxT is one of the biggest potential growers of all cryptos. It gets more unique with every month as new functionality comes online. If you're worried about distribution then fine, but it's nowhere near a showstopper for me and a lot of the development work is now being funded by big accounts so it has its upsides as well.

As for Aurora, it's at a crossroads. Icelanders are using it, it will see a great deal of network effect over there. There are already bands accepting it for merchandise, 2nd hand goods markets and TV reports about it. Iceland is a small place with capital controls and a very unpopular central bank. Aurora is potentially a match to a tinder pile.

I won't be dismissing those two for sure.

[Coinmin]

Most coin devs do not have a real plan to make their coins have real practical values.

Without practical use, a digital currency become a toy for exchange/trading only.

One typical example is EarthCoin. Originally, a lot of people believed that EarthCoin would initiate some business collaborations for accepting EarthCoin in purchase.

Now... any business plan comes true?

Yes, it is. But let's hope for a better future. The market is waiting for his genius, which will find its way to the crypto-currency took its rightful place in the business world.

[coincoin3]

They are mostly scams that's why only createdto enrich its creators

The same group of people kept creating new coins all over

You're right，People cheated more naturally reluctant to believe it.

[dailyarsenal]

Because bitcoin is falling.

[cryptowho]

there gotta be some blame on "exchanges" getting hacked too. and the stupid IPOs.

[openyourmind]

I think it is because Bitcoin is growing and if in the past it was more fun and less serious for now the situation has changed and people are willing to play serious game with serious toys - Bitcoin!

[Swordsoffreedom]

the alt-coin bubble is popping ...

It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed

[SimonTower]

Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalk.org/index.php?topic=245086.0

And DigitalCoin too.

[markm]

Actually I never seen a dev with a solid business plan. I seen hopes, promises but no realistic plans.

Then you don't know CGB.

http://cgb.holdings/
https://bitcointalk.org/index.php?topic=245086.0

And DigitalCoin too.

No, not digitalcoin.

The scammers behind digitalcoin do not even bother to secure their blockchain. Look at its hashing power, it is utterly pathetic. It is simply a bullshit scam trying to scam idiots into putting money into a wet paper bag to be stolen.

-MarkM-

[harkonnen]

anyway, you might want to give ripple a look.  ripple has solved a lot of the issues raised with bitcoin.

I already did long time ago. And I saw no hope.

[fernando]

the alt-coin bubble is popping ...

It likely is but what will emerge from the survivors should be some decent small cap coins with a possibility of a future
The rest end up cryto-trashed

It's happened in every new sector of economy and it will happen with cryptos.

[nextgencoin]

There are some dumb answers on this thread. The price is coming down due mainly to dilution of total market cap due to the growing number of alt coins. The total market cap has decreased a little but not that much so the same amount of wealth has just been spread around a growing number of coins.

I think crypto involvement has not really grown in the last 6 months as much as the media presence would suggests. I hope there is another step to come in total market cap and people invested in coins but I think it might take a currency collapse in fiat to really push that forward meaningfully.

[Voluntold]

I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer.  Development is continually happening, and the community has been strong since day one.  It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org).  Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has.  I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones).  So yeah, I'll be perfectly happy to see all these shitcoin clones die off.  Hopefully only a handful of unique coins will survive.  Nxt will be one of them.

[kelsey]

less bang for your coin tis called inflation 

[nextgencoin]

I've only been buying Nxt now for months because imo, it's really the only one with something completely new to offer.  Development is continually happening, and the community has been strong since day one.  It looks to me that most people that complain about distribution are either just jealous that they didn't get an original stake (it's not like I did), or they're bitter that they couldn't mine it with all this money they've invested into mining hardware (you CAN mine it now at hashrate.org).  Normal, everyday people don't give two shits about mining, they're just going to buy coins, and Nxt has already achieved better distribution than bitcoin has.  I personally can't stand all these stupid country coins that have OBVIOUS artificially high market caps and nothing new to offer (they all seem to be litecoin clones).  So yeah, I'll be perfectly happy to see all these shitcoin clones die off.  Hopefully only a handful of unique coins will survive.  Nxt will be one of them.

+1

But if you keep speaking common sense you wont be popular on here.

Plus the 'unfair' mantra about IPO coins is ridiculous when you consider the whole point is for a coin to reach a mass market at some point in the future. So how fair is it that only people on this forum and in the Bitcoin community generally have all the future global wealth before everyone else???

I would argue that a NXT clone could take over NXT, I don't agree it should, but it might. NEM born out of the bitterness you spoke of could be the one.