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Author Topic: Possible effectiveness of moving value from bitcoin to another coin.  (Read 1943 times)
Mervyn_Pumpkinhead
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September 18, 2014, 05:11:57 PM
 #1

Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model. It would get cryptocurrency some fresh attention, meaning new investors may join. If we offer a new cryptocurrency, that would solve the problems of extremely wasteful mining and volatility issues that stopped bitcoin from being a practical financial tool.

I understand that some of you have strong feelings for bitcoin. I understand that it brought you easy riches and it feels great to be part of something new. But, bitcoin wouldn't mind if you get past her and move forward. Bitcoin will always be remembered in history as the first that started all of this.
So, suck it up and stop being crybabies about your beloved bitcoin. Let's keep the subject fresh and hot, and let's keep our net worths rising.



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September 18, 2014, 05:35:00 PM
 #2

So you are suggesting to dump bitcoin and move on to another new coin, for the sake of constant innovation?

We don't need to dump any coin to create new coins, all cryptos can develop in parallel without sacrificing another. New alts are created constantly now and some of them are innovative, I must admit. If they are any good, some of them will prevail, rise above all others, and one day challenge bitcoin. We can support any innovative coin we desire and still have bitcoin.
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September 18, 2014, 10:20:55 PM
 #3

Bitcoin is THE COIN, you are doing it wrong by dumping for other coins.
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September 18, 2014, 10:31:51 PM
 #4

The market for alt coin is not much. Very little

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September 18, 2014, 11:29:25 PM
 #5

So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model.

Do you mean something like dogecoin, or quark perhaps? Been there, done that. Or do you mean a new currency completely unrelated to bitcoin?
 

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September 19, 2014, 12:44:21 AM
 #6

Here's the idea:
...
What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
...
So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model. 


Well, go ahead then and do it! Realize your ingenious plans, become a millionaire and let the mass media write about it!

Which of the valuable altcoins will you choose? Or maybe you will start your very own one, "Pumpkinheadcoin" ? Shocked  Grin

ya.ya.yo!

johncarpe64
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September 19, 2014, 04:13:50 AM
 #7

Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
I think that a lot of people want to use bitcoin because of higher merchant adoption. This is the reason why they would want to start using bitcoin. They will likely not start using it to invest because bitcoin is very risky to invest in.

The rest of your post is just promoting what will likely be a scamcoin that will end up being worthless.

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leannemckim46
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September 20, 2014, 03:02:30 AM
 #8

So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model.

Do you mean something like dogecoin, or quark perhaps? Been there, done that. Or do you mean a new currency completely unrelated to bitcoin?
 
Regardless of what altcoin the "value" is "moved" to this is a bad idea. Bitcoin is by far the most secure crypto coin out there and for this reason is the most valuable. Since no altcoin can provide this level of security, they try to add some other feature, however the features that are added to these altcoins do not actually add or have any value.

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September 20, 2014, 04:47:05 AM
 #9

Seriously? Bitcoin is the most secure (in the present time frame) alt coin ever developed. Its security and structure is the basis of all the other alt coins out there in the market. Smiley

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September 20, 2014, 04:25:07 PM
 #10

If you move Bitcoin value towards any other asset what happens is the asset you converted your Bitcoin to loses value, and Bitcoin gains value.
leannemckim46
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September 20, 2014, 10:04:28 PM
 #11

Seriously? Bitcoin is the most secure (in the present time frame) alt coin ever developed. Its security and structure is the basis of all the other alt coins out there in the market. Smiley
This is why people will not move their bitcoin to altcoins in mass. The fact that bitcoin is as secure as it is, is the reason why people trust their money to be held in terms of bitcoin

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September 21, 2014, 01:08:07 PM
 #12

The reverse is true.
People develop altcoins, pump it up and then transfer value to bitcoins.  Grin
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September 21, 2014, 02:04:39 PM
 #13

Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model. It would get cryptocurrency some fresh attention, meaning new investors may join. If we offer a new cryptocurrency, that would solve the problems of extremely wasteful mining and volatility issues that stopped bitcoin from being a practical financial tool.

I understand that some of you have strong feelings for bitcoin. I understand that it brought you easy riches and it feels great to be part of something new. But, bitcoin wouldn't mind if you get past her and move forward. Bitcoin will always be remembered in history as the first that started all of this.
So, suck it up and stop being crybabies about your beloved bitcoin. Let's keep the subject fresh and hot, and let's keep our net worths rising.

All coins are linked. So when BTC goes down, all coins worth goes down, and opposite.  Difference is, that BTC is most stable, since is oldest and have most adoption already. That means you will earn least on long term and you wil have least chances you will lose on long term.
What you can do is, to research of altcoins and see, which brings something new, that BTC developers can not add into BTC, and will live side by side with BTC. 
Just take time and research.

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September 21, 2014, 05:06:05 PM
 #14

What coin has the biggest network effect? this is what you should be asking to yourself when you consider moving your btc to other coins.
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September 23, 2014, 06:11:46 AM
 #15

Seriously? Bitcoin is the most secure (in the present time frame) alt coin ever developed. Its security and structure is the basis of all the other alt coins out there in the market. Smiley
This is why people will not move their bitcoin to altcoins in mass. The fact that bitcoin is as secure as it is, is the reason why people trust their money to be held in terms of bitcoin

Sure they wont they will like some keep in btc, me invest half of profit that i earn in 1 month in some altcoin.
Then i w8 and see if i picked right one then i will make some extra if i picked wrong one then i will loose some.

This is risk that i take



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zorke
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September 24, 2014, 04:48:25 AM
 #16

Here's the idea:
Bitcoin was a hot subject in the mass media in 2013. Now the subject is old and there isn't much more eye catching to write about. People outside this forum don't really care about new merchant adaption, and that is the reason why news like that won't cause the price to rise. What people want to read is about innovation and new heart braking stories about janitors becoming millionaires. These are the stories that attract readers, and stories that bring new speculators to the game.
So, with this reasoning, I find that it would be best for the cryptocurrency market in general, to start promoting a new cryptocurrency model. It would get cryptocurrency some fresh attention, meaning new investors may join. If we offer a new cryptocurrency, that would solve the problems of extremely wasteful mining and volatility issues that stopped bitcoin from being a practical financial tool.

I understand that some of you have strong feelings for bitcoin. I understand that it brought you easy riches and it feels great to be part of something new. But, bitcoin wouldn't mind if you get past her and move forward. Bitcoin will always be remembered in history as the first that started all of this.
So, suck it up and stop being crybabies about your beloved bitcoin. Let's keep the subject fresh and hot, and let's keep our net worths rising.

All coins are linked. So when BTC goes down, all coins worth goes down, and opposite.  Difference is, that BTC is most stable, since is oldest and have most adoption already. That means you will earn least on long term and you wil have least chances you will lose on long term.
What you can do is, to research of altcoins and see, which brings something new, that BTC developers can not add into BTC, and will live side by side with BTC. 
Just take time and research.
The prices of altcoins are generally linked to BTC, but they also generally go down in terms of BTC when the USD/BTC price goes down, and they do not generally recover as much in terms of BTC when BTC/USD goes up.
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September 24, 2014, 06:29:01 AM
 #17

OP, do you notice that today's news pushed the bitcoin price increase a lot? Today's news will affect bitcoin a lot. Customers all the world will be aware that PayPal is accepting bitcoin, which has a lot of advantages comparing to traditional payment method. 

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September 25, 2014, 10:57:29 AM
 #18

OP, do you notice that today's news pushed the bitcoin price increase a lot? Today's news will affect bitcoin a lot. Customers all the world will be aware that PayPal is accepting bitcoin, which has a lot of advantages comparing to traditional payment method. 

This will be good know to all users.
Lets see what price will be in couple of days.
Maybe next week will be price change big time.



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September 26, 2014, 04:43:37 AM
 #19

OP, do you notice that today's news pushed the bitcoin price increase a lot? Today's news will affect bitcoin a lot. Customers all the world will be aware that PayPal is accepting bitcoin, which has a lot of advantages comparing to traditional payment method. 
The USD price of altcoins increased as well (although not as much). The OP is also discussing transferring the value of bitcoin to an altcoin not to fiat currency.
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September 26, 2014, 03:31:32 PM
 #20

OP, do you notice that today's news pushed the bitcoin price increase a lot? Today's news will affect bitcoin a lot. Customers all the world will be aware that PayPal is accepting bitcoin, which has a lot of advantages comparing to traditional payment method. 

The price gains were given up really quickly. Smiley
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