Bitcoin Forum
March 28, 2024, 11:21:49 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Warning: One or more bitcointalk.org users have reported that they strongly believe that the creator of this topic is a scammer. (Login to see the detailed trust ratings.) While the bitcointalk.org administration does not verify such claims, you should proceed with extreme caution.
Pages: [1]
  Print  
Author Topic: Alternates are almost $600 million vs Bitcoin's $5 billion.  (Read 1022 times)
TaunSew (OP)
Hero Member
*****
Offline Offline

Activity: 756
Merit: 506


View Profile
September 30, 2014, 12:09:26 PM
Last edit: September 30, 2014, 12:30:34 PM by TaunSew
 #1

I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up.  Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

 Note:  I am not talking about just LTC (there are many many alternates outside the top 3.  Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions).  There are likewise many new alternates with a capitalization in the millions which did not exist months ago.



http://coinmarketcap.com/


At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines.  Looks like people are using alternates as a hedge against Bitcoin losses.


There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711668109
Hero Member
*
Offline Offline

Posts: 1711668109

View Profile Personal Message (Offline)

Ignore
1711668109
Reply with quote  #2

1711668109
Report to moderator
1711668109
Hero Member
*
Offline Offline

Posts: 1711668109

View Profile Personal Message (Offline)

Ignore
1711668109
Reply with quote  #2

1711668109
Report to moderator
1711668109
Hero Member
*
Offline Offline

Posts: 1711668109

View Profile Personal Message (Offline)

Ignore
1711668109
Reply with quote  #2

1711668109
Report to moderator
bitbets
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250



View Profile
September 30, 2014, 12:29:39 PM
 #2



It's hard to say what is going to happen in the future


                ,╓▄▄▄▄▄▄▄▄▄╓                 
            ╓▄█████████████████▄╖           
         ╓▄█████▀▀'▒,,,,,╠'▀▀█████▄,         
       ,▓███▀╜,▄▄███████████▄▄,╙▀████╖       
      ▄███▀ ▄█████▀▀"``╙"▀▀█████▄ ▀███▄     
     ▓███╜╓████▀ ,▄▄█████▄▄, ▀████,╙███▌     
    ▓███`╔███▀ ╓▓███▀▀▀▀▀████╖ ▀███@"███▌   
   ]███▌┌███▌ ▐███         ███▄ ▐███ ▐███,   
   ▐███ ▐███ .███           ███  ███▌ ███▌   
   ▐███ ▐███ '███           ███  ███▌ ███▌   
   ]███@╙███@ ▀██▌        ,▄██▌ ▐███ ▐███`   
    ▓███ ▐███▄ ╙██▀╩     9███╜ ╔███▀,███▌   
     ████,╙███▌               ▓███╜,████     
      ▀███▄ ▀╜                 ▀▀ ▄███▌     
       ╙████▄,                 ╓▄████╜       
         ╙█████▄▄╓,       ,╓▄▄█████▀         
            ▀▀█████████████████▀▀           
                '▀▀▀▀▀▀▀▀▀▀▀'

CloakCoin |  Trustless Anonymous Cryptocurrency |  PoSA3
Forum | Bitcointalk |  Twitter |  Facebook |  VK |  Reddit |  CloakTV |  Instagram |  IRC-Chat |  Faucet
azguard
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


Crypto-News.net: News from Crypto World


View Profile
October 01, 2014, 05:01:12 AM
 #3

Yes most of them try to make out of btc by investing in some promising altcoin.
That can be price difference and it can be described like normal market cap.

Yet again like it said this doesnt mean anything.
By tomorrow prices can be changed.



              ▄▄▄██████▄▄▄
          ▄██████████████████▄
       ▄████████████████████████▄
 ▄▄  ▄████████████████████████████▄
███████████████████████████████████▄
 ▀▀█████████████████████████████████▄
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ▀████████████████████████████████▀
    ▀██████████████████████████████▀
     ▀▀██████████████████████████▀
        ▀██████████████████████▀
           ▀▀▀████████████▀▀▀
.
.....
.....
.....
.....
.....
.....





moko666
Hero Member
*****
Offline Offline

Activity: 635
Merit: 500

BlasterKVs the king of xbox modding


View Profile WWW
October 01, 2014, 05:10:32 AM
 #4

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency
Only4money
Member
**
Offline Offline

Activity: 112
Merit: 10


View Profile
October 01, 2014, 05:15:08 AM
 #5

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency
And it'll remain the King for ever. instead of having less feature it still rules. It's the first crypto currency, so it'll always remain in it's position.

XDECOIN 100 Limited! - Be Part of Something Rare and Innovative! Free Dist. ends Nov. 21
TaunSew (OP)
Hero Member
*****
Offline Offline

Activity: 756
Merit: 506


View Profile
October 01, 2014, 05:18:48 AM
 #6

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency
And it'll remain the King for ever. instead of having less feature it still rules. It's the first crypto currency, so it'll always remain in it's position.

No..

2013 alternates was all scams like BBQ coin that was worth $9 million.  Crypto scene has changed a lot with these 2.0. currencies and then the 1.5 anonymity coins.

There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
identtitentti
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
October 01, 2014, 05:37:53 AM
 #7

Looks like people are using alternates as a hedge against Bitcoin losses.

Financial speculation is not the core or main purpose of cryptocoins. In fact, a very plausible explanation for BTC fiat price downward shift is that as the use of BTC for ordinary shopping keeps increasing, most merchants exchange what BTC they get from selling products immediately to fiats. Some day, again, more and more salaries get paid in BTC instead of fiat, people will hodl and something else happens.

On the other hand, as second generation ecosystems (and also "traditional" altcoins) keep on emerging and evolving and people get more and more interested in what they have to offer, their combined value rises.

And it is not kosher e.g. to count e.g. counterparty as "alternate", because it's part of BTC block chain and the BTC that were invested in XCP were "burned", sent to genesis.

identtitentti
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
October 01, 2014, 05:47:59 AM
Last edit: October 01, 2014, 06:00:48 AM by identtitentti
 #8

Crypto scene has changed a lot with these 2.0. currencies and then the 1.5 anonymity coins.

Exactly. And various 2.0 platform coins/tokens/lubricants are not competing against BTC but against each other, over which will become the one ring to rule them all. The global platform of value exchange, over which everything happens. And even though it is way too early to make predictions, I dare to predict that it will not be Counterparty aka BTC blockchain. Simply because it is way... tooo...... sloooooooow.

PS: most likely the winner is something we haven't seen yet. Ethereum is a possible candidate, so is SuperNET (merge of various coin techs, NXT etc. etc.), if it succeeds, but maybe Stellar and some others have chance too. who knows. Killer ap will be IMHO good and trustworthy enough proof-of-identity so that an account can be reliably associated with a unique human being. Just saying.
azguard
Legendary
*
Offline Offline

Activity: 1484
Merit: 1001


Crypto-News.net: News from Crypto World


View Profile
October 01, 2014, 07:13:57 AM
 #9

that marketcap of altcoin is not stable or long term
most altcoin dies in less then 1 year
bitcoin is still king of cryptocurrency

Your are right not many alts live to see full year.
Hope that in future will this be corrected.

Also every 15 alt stay on and have some support (forum, development, social network....)



              ▄▄▄██████▄▄▄
          ▄██████████████████▄
       ▄████████████████████████▄
 ▄▄  ▄████████████████████████████▄
███████████████████████████████████▄
 ▀▀█████████████████████████████████▄
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ██████████████████████████████████
   ▀████████████████████████████████▀
    ▀██████████████████████████████▀
     ▀▀██████████████████████████▀
        ▀██████████████████████▀
           ▀▀▀████████████▀▀▀
.
.....
.....
.....
.....
.....
.....





digitalindustry
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000


‘Try to be nice’


View Profile WWW
October 01, 2014, 03:22:02 PM
 #10

I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up.  Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

 Note:  I am not talking about just LTC (there are many many alternates outside the top 3.  Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions).  There are likewise many new alternates with a capitalization in the millions which did not exist months ago.



http://coinmarketcap.com/


At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines.  Looks like people are using alternates as a hedge against Bitcoin losses.



this is in essence exactly what will happen - there are many precedents for a shift like (or similar to) this occurring.

it is a natural mechanism by which all systems re-balance.

a very simplistic look at it is "never use the first new Windows release."

i'd say "never use windows" but i'd be bathing myself in hypocrisy.

Hail windows source code !

- Twitter @Kolin_Quark
peligro
Hero Member
*****
Offline Offline

Activity: 593
Merit: 500


1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA


View Profile
October 01, 2014, 03:32:17 PM
 #11

That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.
nomoreheroes7
Sr. Member
****
Offline Offline

Activity: 326
Merit: 250


King of all the land


View Profile
October 01, 2014, 03:53:23 PM
 #12

That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.

Sorry peligro, but there's nothing fake about BitShares' market cap. There's tons of investment dollars moving into the ecosystem on a daily basis; just look at the volume compared to Ripple.

Ripple, on the otherhand, is centralized garbage I wouldn't touch with a ten foot pole.

Just take a look at the CMC 90 day chart, showing Ripple conveniently jumping from a $40 million cap to $140 million overnight just days after they were legitimately surpassed by BTSX. Market cap manipulation at its finest: http://coinmarketcap.com/currencies/ripple/#charts
peligro
Hero Member
*****
Offline Offline

Activity: 593
Merit: 500


1NoBanksLuJPXf8Sc831fPqjrRpkQPKkEA


View Profile
October 02, 2014, 06:38:22 PM
 #13

That marketcap include stuff like Ripple and Bitshares which are all basically faked. The main criteria is that how much can be obtained if cashed out. Bitcoin has a huge depth, but most of these altcoins are just a small sell off away from crashing.

Sorry peligro, but there's nothing fake about BitShares' market cap. There's tons of investment dollars moving into the ecosystem on a daily basis; just look at the volume compared to Ripple.

Ripple, on the otherhand, is centralized garbage I wouldn't touch with a ten foot pole.

Just take a look at the CMC 90 day chart, showing Ripple conveniently jumping from a $40 million cap to $140 million overnight just days after they were legitimately surpassed by BTSX. Market cap manipulation at its finest: http://coinmarketcap.com/currencies/ripple/#charts

Bitshares marketcap is fake because around 70% is locked up in the genesis block. If all are claimed, a big chunk is held by the parent company.

You can't say Ripple is fake but Bitshares is not. I agree to stay as far away from Ripple as possible.
Propulsion
Hero Member
*****
Offline Offline

Activity: 658
Merit: 500


The Buck Stops Here.


View Profile
October 02, 2014, 07:02:31 PM
 #14

I've noticed that Bitcoin's price continues to go down while many alternates are maintaining their values or going up.  Yes some alternates do temporarily go down but the amount of change is negligible compared to how BTC used to be $1200 and now it's $380.

 Note:  I am not talking about just LTC (there are many many alternates outside the top 3.  Some of these coins didn't even exist in 2013 and yet have capitalizations in the 10s of millions).  There are likewise many new alternates with a capitalization in the millions which did not exist months ago.



http://coinmarketcap.com/


At this rate it looks like alternates may hit $1 billion capitalization while Bitcoin's capitalization declines.  Looks like people are using alternates as a hedge against Bitcoin losses.



this is in essence exactly what will happen - there are many precedents for a shift like (or similar to) this occurring.

it is a natural mechanism by which all systems re-balance.

a very simplistic look at it is "never use the first new Windows release."

i'd say "never use windows" but i'd be bathing myself in hypocrisy.

Hail windows source code !

It's fine man. They're skipping windows 9 and going straight to 10. They've effectively skipped their once every version is a bad release. Windows FTW!!!!
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!