Cryptopher
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Activity: 1789
Merit: 1008
Keep it dense, yeah?
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May 25, 2014, 04:38:46 PM |
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Although there are lots of altcoins out there, draining the market cap of Bitcoin, there is occasionally a new alt that crops up with something interesting to bring to the market.
Bitcoin will always be the winner in my eyes though. There's a lot of talk around Dark Coin.
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Ludi
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May 25, 2014, 04:47:00 PM |
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At least Dark coin aims to have a purpose, though I havent looked in to it too much, but at least it offers something else.
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bitsmichel (OP)
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May 25, 2014, 07:40:50 PM |
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At least Dark coin aims to have a purpose, though I havent looked in to it too much, but at least it offers something else. Dark coin seems to grow quite a bit, not sure why. Its like twice the market cap of dogecoin now; yet the darkcointalk community forum has very few members (around 500) and no signature tracks, it has a long way to go I think  |
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Cryptopher
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Activity: 1789
Merit: 1008
Keep it dense, yeah?
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May 25, 2014, 07:51:15 PM |
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At least Dark coin aims to have a purpose, though I havent looked in to it too much, but at least it offers something else. Dark coin seems to grow quite a bit, not sure why. Its like twice the market cap of dogecoin now; yet the darkcointalk community forum has very few members (around 500) and no signature tracks, it has a long way to go I think At first I thought that the Dark Coin price may be inflated by hype, and then I read about its features. I'm still too skeptical to buy into it, namely because its on exchanges that I'm not too familiar with. Communities grow with the success of the coin, there's no reason why Dark Coin can't see fast growth in its community if it continues to see rises in its volume. |
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Bit_Happy
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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May 25, 2014, 08:05:34 PM |
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...
In most cases, sure, but not all. Just because the majority of altcoins are scams, does not mean that all of them are irrelevent. There's many reason to use something else that bitcoin, "One coin to rule them all" is not the way to go if we want cryptocurrencies to truly be decentralized; competion is always good, and we should not promote a Bitcoin monopoly...
lynn_402 is correct about avoiding a Bitcoin monopoly. I will add that most altcoins do not suffer from having a Bitcoin Foundation with a horrible reputation. Also, thanks to NASCAR literally millions of people have heard about DOGEcoin (more than 10 times in many cases) before ever hearing so much repeated exposure to Bitcoin. |
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leslie.leslie
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Activity: 62
Merit: 10
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May 26, 2014, 01:40:38 AM |
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there are alot of altcoin coming out nowadays some will evolve and some disappear so very fast. The competition between the alternative coins are very stiff may the last best coin remain. But for now no altcoin can bit the popularity and value of Bitcoin.
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Finchy
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May 26, 2014, 10:30:49 PM |
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Alt coins are called shitcoins for a reason. Nothing behind most of them at all.
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bryant.coleman
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May 27, 2014, 05:30:51 AM |
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That's because altcoins are still relatively new, and more and more exchange are popping up which allows altcoins to fiat trading; like Vault of satoshi, prelude.io, and Cryptsy plans on allowing that soon.
Some of the altcoins have been around since 2010. How many exchanges are allowing them? And regarding the "soon to be allowed in exchanges such as Vault of satoshi, prelude.io, and Cryptsy" argument.... It is all BS. They will never be allowed in any of the major exchanges. Even in 2013, a lot of people were posting rumors that Mt Gox will soon accept altcoins. Nothing happened. However, the posters benefited when the value of altcoins rose as a result of the rumors. |
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lynn_402
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May 27, 2014, 02:42:32 PM |
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That's because altcoins are still relatively new, and more and more exchange are popping up which allows altcoins to fiat trading; like Vault of satoshi, prelude.io, and Cryptsy plans on allowing that soon.
Some of the altcoins have been around since 2010. How many exchanges are allowing them? And regarding the "soon to be allowed in exchanges such as Vault of satoshi, prelude.io, and Cryptsy" argument.... It is all BS. They will never be allowed in any of the major exchanges. Even in 2013, a lot of people were posting rumors that Mt Gox will soon accept altcoins. Nothing happened. However, the posters benefited when the value of altcoins rose as a result of the rumors. What? These are not rumour. They are available in the exchange I named, and Cryptsy even already has it's Doge/USD market page. And they are a few on major exchanges BTC-e and Kraken too (which even has Doge/USD, too). Other than Bitstamp, most exchanges seem open to the idea of trading altcoins. |
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