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Author Topic: ENOUGH ALTCOINS???? DO WE NEED MORE NEW COINS????  (Read 2028 times)
111magic
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June 30, 2014, 06:54:00 PM
 #21

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.

+1
My bets from the oldest to the newest of the altcoins are: Unubtanium, LTC, SPARTANCOIN, MAGICOIN, Primecoin, Feathercoin and Peercoin.
Maybe some other altcoins like WDC, Quark and IFC.


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TrollboxChamp
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June 30, 2014, 07:19:36 PM
 #22

Free market
henryjames1003
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July 01, 2014, 04:33:06 PM
 #23

we need more a qualitatively new stable coins, nothing more.
Joe_Bauers
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GCVMMWH


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July 01, 2014, 04:54:47 PM
 #24

Why so many coins??? Because that's how the dilution attack works.
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July 01, 2014, 04:54:57 PM
 #25

we need more a qualitatively new stable coins, nothing more.

99% of the people here dont want stable coins because stable coins give no quick profit.
Look at Digit. Its the only coin with the perfect automated code for price stability and it struggles to get enough attention.
All what people care about is quick profit.
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July 01, 2014, 08:38:17 PM
 #26

we need more a qualitatively new stable coins, nothing more.

99% of the people here dont want stable coins because stable coins give no quick profit.
Look at Digit. Its the only coin with the perfect automated code for price stability and it struggles to get enough attention.
All what people care about is quick profit.

That does not apply to everyone.
I'm just going for coins with a good community, the developers are working hard on improvements and good prospects for the coin.
These coins have at present no great value. So make a quick profit will not succeed. But in the longer term, there is a possibility that they increase in value.


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sethminer14
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July 01, 2014, 08:42:22 PM
 #27

Good altcoins need competition to get better.

Bad altcoins will keep coming until people wise up and stop investing in trash.

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bram_vnl
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July 01, 2014, 11:46:44 PM
 #28

look @ guldencoin!
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ex uno plures


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July 02, 2014, 12:02:55 AM
 #29

The altcoin economy (pools, exchanges, etc) depends on a regular supply of fresh altcoins for its existence.

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July 02, 2014, 12:06:26 AM
 #30

Many peoples didn't even know about altcryptos. Many others didn't even know bitcoin.
I think most of the altcoins aren't made to be coins like btc. There are only tales in the descriptions and in op when they are starting a new alt. You can read stuff like "this will be the new money of the century" and " the whole new coin of the world wich will change the worlds payment methods" and shit like that .
But this is not a problem i think. These altcoins are made to be short-term money factories. And there is 3 main users who use (and make money with) these new alt coins (with really good opportunities) - 1, Founder and Dev (due to premine,instamine etc.)  2, Miners ( who make huge amount of coins) 3, Speculants (who are trading with these coins) . knowing these the whole altcoin ( including Doge, ltc, even other shitcoins) "business" is a huge well and self formed system where these 3 types of users can make huge moneys by making this whole system complete and this is why is good for all 3 of them.
edit:
But there are many other things about alts wich you mentioned in the previous posts. Sure there are some really good coins with huge potentials, but none of them will be like BTC.

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July 02, 2014, 12:44:33 AM
 #31

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.

Thanks for the hot tip.
jabo38
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mining is so 2012-2013


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July 02, 2014, 03:14:29 AM
 #32

It is a crazy show.  Most aren't needed.  Many are scams.  Occasionally a gem shines through only later to not be special.  Bitcoin is the real coin because we believe in it, but someday an alt might come that is worth believing in too. 

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
jabo38
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mining is so 2012-2013


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July 02, 2014, 03:18:19 AM
 #33

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.

Thanks for the hot tip.

You can review charts here. http://www.cryptocoincharts.info/v2/coins/info it is easy to see that most alt coins (especially ones that are more less bitcoin clones) will go up high in price and then go down farther and farther. 

The reason is that it is going to take a really great innovation to gain enough traction to stick.  Bitcoin has such a lead, it will take something many steps ahead of bitcoin to gain traction. 

NEM      Faucet      Slack Invite      Easy API’s      Light Wallet      Amazing White Paper       Supernodes     Telegram Invite     Mijin 
cryptowho
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July 02, 2014, 04:48:35 AM
 #34

Just so you know.. its mostly the same 10 people lunching coin after coin.


looking for C++ coders , web-dev and coin-devs to join karmacoin team. We are trying to expand. we have so many goals. Challenge accepted?  PM me.
cwb27
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July 02, 2014, 07:32:18 AM
 #35

is there a way to band together and stop these altcoins
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July 02, 2014, 07:38:19 AM
 #36

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.

Thanks for the hot tip.

You can review charts here. http://www.cryptocoincharts.info/v2/coins/info it is easy to see that most alt coins (especially ones that are more less bitcoin clones) will go up high in price and then go down farther and farther. 

The reason is that it is going to take a really great innovation to gain enough traction to stick.  Bitcoin has such a lead, it will take something many steps ahead of bitcoin to gain traction. 

wow u are right. it does go up and then down
111magic
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July 02, 2014, 11:12:02 AM
 #37

Just so you know.. its mostly the same 10 people lunching coin after coin.



Really? Huh Huh


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g3rszpi
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July 02, 2014, 12:34:25 PM
 #38

Just and extreme idea . what if from tomorrow there will be no coins launched? what would you do? You can't mine. You can't buy. You can't sell. You can't speculate. You can't stay on it. You can't do nothing. The market would die. I thinks there's no problem with launching coins. Your job is to choose which are not scams, which got potential.
Is just a dream to make every coin a world-used coin. Only BTC is that coin. every altcoin is made to make some money with it and that's all. In a previous post i elaborated why are good these coins to that 3 kind of users ( dev, miner,speculant(trader))
So keep it up with the coins. Cheesy
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July 02, 2014, 04:19:50 PM
 #39

is there a way to band together and stop these altcoins

Just ignore them, and they will go away Wink

When using cryptocurrencies to get the advantages of partaking in a free-market, we also have to accept the disadvantages. Most notably, the high number of scams and useless scam-coins.

111magic
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July 02, 2014, 06:19:50 PM
 #40

Is there a new list of scamcoins or deadcoins?


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