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Author Topic: ENOUGH ALTCOINS???? DO WE NEED MORE NEW COINS????  (Read 2028 times)
111magic
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June 26, 2014, 07:04:44 PM
 #1

Each day, new altcoins arrive on the market.
Some altcoins have improvements. Some altcoins have a loyal community. Some altcoins can be used to pay for products & services. Some altcoins are only made to make money.

It does the market and the value of the altcoins not good as every day new altcoins recover. The total capital remains the same. So the money moves from one to the other. For the future of the altcoins and the value it will be better to invest only in altcoins that already exist or satisfy the above improvements / changes / loyal community.

This is a vision of me and let me know what you think about it.
Thereby also look at the figures relating to your own opinion.




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June 26, 2014, 07:05:29 PM
 #2

Welcome to the Wild Wild West

DrSnAzZy
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June 26, 2014, 07:07:20 PM
 #3

The amount and diversity of coins is what makes this fun. So many different options.

Ive also noticed since the few first "scam coins" were exposed and dumped people research on the coin of their choice and ask questions a whole lot more.

Vootcoin!
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June 26, 2014, 07:09:33 PM
 #4

competition creates innovation.

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June 26, 2014, 07:09:36 PM
 #5

People will mine every new shit for a chance of instamine and instant dump because it's profitable, there are a lot of morons ready to buy everything.

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June 26, 2014, 07:10:28 PM
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People will mine every new shit for a chance of instamine and instant dump because it's profitable, there are a lot of morons ready to buy everything.

That too  Grin

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June 26, 2014, 07:11:17 PM
 #7

I don't have my mailbox subscribed to get this sort of bullshit threads under my eye. There're never enough altcoins, deal with it or gtfo here

Cheers!
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June 26, 2014, 07:11:34 PM
 #8

People will mine every new shit for a chance of instamine and instant dump because it's profitable, there are a lot of morons ready to buy everything.

These persons who buy them are not cryptocurrencies investors with long-term objectives, but gamblers.
Their money would not have gone to the safe and legit coins anyway, so they don't detract from the altcoins' total capital.

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June 26, 2014, 07:13:28 PM
 #9

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.
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June 26, 2014, 07:15:20 PM
 #10

competition creates innovation.
that must explain all the new X11 coins  Grin

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lynn_402
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June 26, 2014, 07:15:54 PM
 #11

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.

Imho, there will always be a considerable market for shitcoins.
Many people seem to consider this like a good decentralized way to gamble and have the potential to quickly make good profits.

I don't see why gamblers will stop putting money on them.

111magic
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June 26, 2014, 07:16:10 PM
 #12

I don't have my mailbox subscribed to get this sort of bullshit threads under my eye. There're never enough altcoins, deal with it or gtfo here

Cheers!

Take youre time to read the topic again!
Unsubscribed youre mailbox!  Grin Grin


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111magic
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June 26, 2014, 07:17:32 PM
 #13

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.

+1


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Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
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jaipagare
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June 26, 2014, 08:32:13 PM
 #14

Each day, new altcoins arrive on the market.
Some altcoins have improvements. Some altcoins have a loyal community. Some altcoins can be used to pay for products & services. Some altcoins are only made to make money.

It does the market and the value of the altcoins not good as every day new altcoins recover. The total capital remains the same. So the money moves from one to the other. For the future of the altcoins and the value it will be better to invest only in altcoins that already exist or satisfy the above improvements / changes / loyal community.

This is a vision of me and let me know what you think about it.
Thereby also look at the figures relating to your own opinion.




To come with a solution, do what I did to Flymecoin. Lets evaluate once there is new coin announcement and dump it right away.
https://bitcointalk.org/index.php?topic=663221.0
platorin
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June 27, 2014, 02:30:07 PM
 #15

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.
I'd say 99,9% of them will die out sooner or later. Except Bitcoin, 5 coins might actually last, but not make it at the same time.

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June 27, 2014, 04:28:19 PM
 #16

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.

I agree with you.  We have already started to see exchanges really crack down on adding so many new coins, which is really the only thing that gives a coin value. 

The problem is:

New shitcoin introduced.
Offers bounties for wallet, translations, block chain etc.
Same people do this to receive free coins.
Pools add coin and charge a percentage....for free coins.
A small group will always get in right away, get large amount of coins and stand by coin no matter how terrible or worthless it is.
Group will petition every exchange to get added so their coins are worth anything. 
If it ever does get added, most will be dumped and volume will be low.

Look at Poloniex.  57 coins ATM with a 24 hour volume of less than .1 BTC and another 8 with volume less than .1 LTC .  Why?  There is no want or value for so many coins out there.

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Kergekoin
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June 27, 2014, 04:40:11 PM
 #17

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.

I agree with you.  We have already started to see exchanges really crack down on adding so many new coins, which is really the only thing that gives a coin value.  

The problem is:

New shitcoin introduced.
Offers bounties for wallet, translations, block chain etc.
Same people do this to receive free coins.
Pools add coin and charge a percentage....for free coins.
A small group will always get in right away, get large amount of coins and stand by coin no matter how terrible or worthless it is.
Group will petition every exchange to get added so their coins are worth anything.  
If it ever does get added, most will be dumped and volume will be low.

Look at Poloniex.  57 coins ATM with a 24 hour volume of less than .1 BTC and another 8 with volume less than .1 LTC .  Why?  There is no want or value for so many coins out there.

Exchange volume is not an indicator of if the coin is good or bad. The best indicators are the coins topics, developers posts and github sources. Many the most professional coins are extremely underrated because they have long mining periods which pump and dumpers do not like.
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June 27, 2014, 04:46:27 PM
 #18

There are over 800 altcoins already. 90%  or more of them will die sooner or later.
New coins trend is likely going to continue until people will finally start to realize that there is no money in quick pump and dump. Thats where truly innovative and professional coins will start to shine and all shitcoins will be quickly forgotten.
Im looking forward to that time.

I agree with you.  We have already started to see exchanges really crack down on adding so many new coins, which is really the only thing that gives a coin value.  

The problem is:

New shitcoin introduced.
Offers bounties for wallet, translations, block chain etc.
Same people do this to receive free coins.
Pools add coin and charge a percentage....for free coins.
A small group will always get in right away, get large amount of coins and stand by coin no matter how terrible or worthless it is.
Group will petition every exchange to get added so their coins are worth anything.  
If it ever does get added, most will be dumped and volume will be low.

Look at Poloniex.  57 coins ATM with a 24 hour volume of less than .1 BTC and another 8 with volume less than .1 LTC .  Why?  There is no want or value for so many coins out there.

Exchange volume is not an indicator of if the coin is good or bad. The best indicators are the coins topics, developers posts and github sources. Many the most professional coins are extremely underrated because they have long mining periods which pump and dumpers do not like.

In certain situations I would say that's true.  I'm curious to see where we will be in say 4-5 months.  I would be willing to bet the number of new coins coming out goes way down, because the pay off simply won't be there.

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June 27, 2014, 04:51:25 PM
 #19

Each day, new altcoins arrive on the market.
 . Some altcoins are only made to make money.




This .
Most of all the coins that are released on daily basis are just pump n dump coins , no innovation , simply cloned coins . But there are still people who are buying them and becoming bagholders .
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June 27, 2014, 04:59:55 PM
 #20

Each day, new altcoins arrive on the market.
 . Some altcoins are only made to make money.




This .
Most of all the coins that are released on daily basis are just pump n dump coins , no innovation , simply cloned coins . But there are still people who are buying them and becoming bagholders .

More and more newbies incoming in to cryptocoin forums every day. They will take some losses until they realize that there is no point to buy those short term coins.


If you are new and you want to put your money in to some cryptocoin, then do your research and think twice before you invest. Try to assess which coin will be there for a years to come and which will die.
My bets from the oldest to the newest of the altcoins are LTC, WDC, DOGE, CINNI, DIG. Im confident that those choices will average me a good profit after months and years to come.
I have no interest in short term pumps. I simply dont camble against all the trading bots.
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