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Author Topic: Hate to say it but - all altcoins are illusional garbage at best  (Read 1368 times)
acs267
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May 12, 2014, 02:54:13 PM
 #21

What people fail to realize is that you can pump and dump anything. Gold. Silver. Platinum. Oil. Stocks.

Bitcoins, too.

All altcoins seem to have been either pump and dumps or just dumps in the final analysis.
They are just a bunch of sad distractions from the only real player - BitCoin.
I wish it was otherwise.
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May 12, 2014, 03:08:31 PM
 #22

http://www.coindesk.com/all-things-alt-quarks-shaq-cess-blackcoins-pr-pivot-and-dogecoins-victory-lap/

So what these coins are doing is garbage? You are garbage
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May 12, 2014, 03:20:03 PM
 #23

if bitcoin evolved and adopted alot of the newer upgrades to the protocol then altcoins would be garbage. Until i see bit-coin with improved retargetting and something similiar to dark send then bit-coin will always just be an instrument to trade up to to cash out.

I am in crypto currency as the whole idea. Bitcoin was the first but is outdated on the technology side.
You have no clue what you're talking about. Changing anything is hard. Everyone has to agree upon the change. Who gets to decide what is right for Bitcoin?

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May 12, 2014, 03:35:45 PM
 #24

For many people, yes, altcoins are just an instrument to get other people's bitcoins.
But, isn't bitcoin just the instrument to get other people's fiat as well?
And isn't fiat just the instrument to get other people's material assets?

You see, this logic applies from top to bottom.

Like I always say, everything is a pyramid.

RomeoCharlie
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May 12, 2014, 06:41:13 PM
 #25

You know it's true.
They want your bitcoins.
Altcoins are the instrument.
Says the guy with two altcoins in his signature  Roll Eyes

Quote
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damn right, I laughed so much )))
Zer0Sum
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May 12, 2014, 08:29:26 PM
 #26

For many people, yes, altcoins are just an instrument to get other people's bitcoins.
But, isn't bitcoin just the instrument to get other people's fiat as well?
And isn't fiat just the instrument to get other people's material assets?

You see, this logic applies from top to bottom.

The entire Crypto-Space is all about Naked Greed...
Every "honest" person here has helped PUMP a dozen scams...
Every conceivable political philosophy has been co-opted to PUMP Crypto, baby.

That said...
I've got an elaborate cap-weighted Alt Index going back to the launch of LTC...
And since last summer the return on a basket of Top 10 Alts has mirrored BTC.

So it doesn't matter if you buy BTC...
Or a semi-random basket of 10-20 Alts...
Your return will be nearly identical.

But if you know Alts inside out...
Your return will vastly EXCEED stodgy old Bitcoin...
Alts are now sporting a $500 million Cap... and BTC will come back to the pack.
 
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May 12, 2014, 09:06:10 PM
 #27


So it doesn't matter if you buy BTC...
Or a semi-random basket of 10-20 Alts...
Your return will be nearly identical.

But if you know Alts inside out...
Your return will vastly EXCEED stodgy old Bitcoin...
Alts are now sporting a $500 million Cap... and BTC will come back to the pack.
 

Hear here.

+1 and big ups and all that.

Alts allows for the possibility of exponential returns (or exponential losses) because of the tumultuous volatility of the "bitcoin standard."

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