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Author Topic: alts going down, remeber when they were going up  (Read 1738 times)
jubalix (OP)
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June 30, 2014, 01:17:39 AM
 #1

I recall about a year / 6 months ago that  alts were going up much more than BTC, now we see that unwinding.....how low will alts go?

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June 30, 2014, 01:33:11 AM
 #2

You've been here for over a year and a half, and you still ask these questions..

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June 30, 2014, 02:08:23 AM
 #3

No one knows for sure. That should be obvious.

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June 30, 2014, 02:17:30 AM
 #4

I think it is over-saturation of the market. Look how many coins there are! Look at it like the paradox of rabbit populations. When the population gets too high, resources become scarce, disease runs rampant, and predators capitalize. We are at that tipping point where the "weak" coins are going to be "killed off" so to speak. We will see here in the coming months what coins rise to the surface, and which ones go into the abyss.

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Gleb Gamow
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June 30, 2014, 02:21:40 AM
Last edit: April 24, 2017, 10:46:27 PM by Gleb Gamow
 #5

This post is currently acting as a personal editing sandbox.

Everything below the [single] horizontal line will eventually be deleted.



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dandruff1138
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June 30, 2014, 02:25:02 AM
 #6

Solution: A million plus new alt-coin investors/traders.

Well that would work. But I think, as much as I going to be hated on, there needs to be more Regulation. This market is a scammers heaven.

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Gleb Gamow
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June 30, 2014, 02:39:11 AM
Last edit: May 07, 2017, 06:09:16 AM by Gleb Gamow
 #7

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Everything below the [single] horizontal line will eventually be deleted.



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<original post below>


Solution: A million plus new alt-coin investors/traders.

Well that would work. But I think, as much as I going to be hated on, there needs to be more Regulation. This market is a scammers heaven.

Would a new exchange suffice? BTW, for what I envision and have in the works, all the current alts won't be trading on it, and there'll be a dedicated forum for just the alts affiliated with the niche.

Our millions of traders will be encouraged to explore/trade the various other alts and Bitcoin, many of whom this would be their first foray into cryptocurrencies. Some of the alts under our Brand (TBA) may even break out and start trading on the conventions exchanges as you currently know them, but we won't be trading any alts not indigenous to our brand no matter how popular they are, e.g. Litecoin or Doge.
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June 30, 2014, 05:21:17 AM
 #8

...how low will alts go?


99+% percent of current alts will probably lose 99+% of their current value, relative to bitcoin, within the next 5yrs.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
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June 30, 2014, 06:02:44 AM
 #9

Solution: A million plus new alt-coin investors/traders.

Well that would work. But I think, as much as I going to be hated on, there needs to be more Regulation. This market is a scammers heaven.

agreed

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June 30, 2014, 06:17:36 AM
 #10

Solution: A million plus new alt-coin investors/traders.

Well that would work. But I think, as much as I going to be hated on, there needs to be more Regulation. This market is a scammers heaven.

agreed

But that regulate it self idiots who paly scam alts are eliminating from market stolen BTC won't go on market anymore
lest volume then course less pressure on creating  new scam becouse not many BTC willing to buy their scams.
At the end only real coins will survive with strong communities and devs support.
And this is how it should be.

If you lose at scams - don't buy scam coins then.


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June 30, 2014, 06:37:30 AM
 #11

was anybody here at the last rise in November 2013

all alts went down crashed hard everything was close to zero

and then look at January 2014


was anybody here at the rise march 2013

all alts went down crashed hard everything was close to zero

and then look at april/may 2013


time to rinse and repeat


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June 30, 2014, 06:51:44 AM
 #12

You've been here for over a year and a half, and you still ask these questions..

please enlighten me.

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June 30, 2014, 06:54:37 AM
 #13

was anybody here at the last rise in November 2013

all alts went down crashed hard everything was close to zero

and then look at January 2014


was anybody here at the rise march 2013

all alts went down crashed hard everything was close to zero

and then look at april/may 2013


time to rinse and repeat




the above,  everytime after a btc peak my alts have risen at least 5 times in value



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June 30, 2014, 07:02:41 AM
 #14

was anybody here at the last rise in November 2013

all alts went down crashed hard everything was close to zero

and then look at January 2014


was anybody here at the rise march 2013

all alts went down crashed hard everything was close to zero

and then look at april/may 2013


time to rinse and repeat



Yup but there is to many of them
 not all will rise once again.

Now is about 400+ new coins on mintpal queue.
How many coins  from november  on top 100 market cap left how many of them left?
15%-20? - this is sad but most people are losing money buying alts without any future.

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June 30, 2014, 07:19:05 AM
 #15

we are now about there, were we were end of september begin of november.
Alts are going down a little as btc will skyrocket, but in 2 weeks, they will outperform btc.

https://bitcointalk.org/index.php?topic=649739.msg7272992#msg7272992
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June 30, 2014, 07:20:55 AM
 #16

Alts with no innovation go down, because they offer nothing new compared to Bitcoin.
Alts with innovation are steady or even going up slightly.
Some are pumps and dumps, so need to look at the longer timeframe picture.
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June 30, 2014, 07:46:20 AM
 #17

Alts with no innovation go down, because they offer nothing new compared to Bitcoin.
Alts with innovation are steady or even going up slightly.
Some are pumps and dumps, so need to look at the longer timeframe picture.

True ,  with so many altcoins in the wild , some are destined to fail and some will keep holding their positions or move up/down a bit.
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June 30, 2014, 08:37:03 AM
 #18

Most new coins now are all hype pump then dump schemes. Some developers get rich by dumping while the coin drops, Then are mined away into obviation. One day the mining will stop and there will be nothing to process the ledger and the coin will be truly dead.  With such saturation, only established coins with an active and loyal community will survive. Such as Litecoin, Doge or Worldcoin.
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June 30, 2014, 08:56:59 AM
 #19

Most new coins now are all hype pump then dump schemes. Some developers get rich by dumping while the coin drops, Then are mined away into obviation. One day the mining will stop and there will be nothing to process the ledger and the coin will be truly dead.  With such saturation, only established coins with an active and loyal community will survive. Such as Litecoin, Doge or Worldcoin.

I think the script coins will be killed ASIK

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June 30, 2014, 10:12:40 AM
 #20

I only invest in coins with their own rap song.

https://soundcloud.com/worldcoinblog/worldcoin-rap-song
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