Thing a lot of people fail to realize, is that more [clone] coins further promotes the negative public opinion of Crypto as a "Ponzi Scheme". It keeps new investors from dipping their toes in by some of the actions many people are taking.
Are you in a position to provide some actual evidence for this assertion?
I have a for a year endlessly where have you been ?
If you'll take a moment to actually read my post, you'll see that the question wasn't asked of you but of Videlicet.
But if you yourself have
actual evidence that
“more [clone] coins further promotes the negative public opinion of Crypto as a "Ponzi Scheme". It keeps new investors from dipping their toes in”, then I'd be interested in seeing it.
Otherwise, without at least minimal evidential support of a negative public opinion, the statement can never be anything other than supposition.
Cheers
Graham
It's a supposition but lots of people (me included) agree 100% with that statement. Can you provide evidence to the contrary? I think this reply is some form of evidential support?
Easy evidence
Total market cap of all coins 01/2014 = >$8bn
Total market cap of all coins 11/2014 = <$6bn
There's been a $2bn decline in the total investment in the market since 01/2014
factor in that is with MORE coins made too.. i seen guys post lists around that had more than 1,000 coins one year ago.
and does coinmarketcap list them all ?
and where did everyone go ?
there was more guys arguing with me about how great Doge coin was in My "Why Doge Coin is Bad" topic than there is left on the forum right now.
there has been a mass exodus of guys leaving and the volumes and sinking prices non stop for a year are proof.
Where did these guys go ?
LaudaM, Koontas, Magnet, BitcoinExpress, Zack, TECHSHARE, r3wt......
the list goes on and on of regulars around here that are Looooong gone.
and all i see now is bag holders loitering around still trying make and push new schemes while living in denial lying to themselves (or being dishonest)
they do not want to confront the possibility that the scene is dying and fast !
they feel it threatens what money they have tied up in this stuff right now maybe ?
Little do they realize the denial will actually cause their investment to become worth less and less with more denial..
denying there is no problem and saying it's going great is saying.. i will not fix any problems.. no problems need fixing.
and they are wrong.. as more and more guys quietly wander off.
The ONLY solution is to collectively admit there is a problem, only then can a solution be worked on.
And i am done arguing with people in denial as they call me a FUD'ing Troll.. screw 'em then i'm out.. drown in your stupidity.
What is happening ?
Another excuse / gimmick is made up so another coin can be posted new all over again..
This -is- what is happening !
Why does not matter or how.
Average users will see this perspective and think.. hmm.. why do i want to invest in XYZ coin that came out today when a new one comes out tomorrow ?
And are these guys going to stop ? of course not.. they are greedy.
This stuff is doomed.. if guys can make money from pumping out more coins soft-clones, misc forks or what ever they will.. because it buys them Rolex's and Benz's
And they will not stop until there is no money left (or regulation gets rid of them)
So Mr. Rolex will not be admitting there is any type of problem that needs fixing any time soon LOL
and they don't care if it make the previous 2,000 coins worthless as long as the shit coin they are
pushing right now is making them Bitcoin to Fiat profits $$$
And as long as the scammy "enablers' keep hanging around for the scraps like vultures they will keep doing it.
There is no magical huge crowd of people coming.. they came already and left.
Why did they leave ? It was not because Spoetnik FUD'd some shit coin.. they left because they couldn't make a buck anymore !
Guys were more than happy to hang around here and argue with me about Doge coin and then left like i said they would to the exact day when profitability dried up !
I called it and posted a picture of the charts on Cryptsy for Doge coin and said it is now on par with other coins profitability wise
and i said the
community greedy crowd will now disintegrate faster and faster.. and that is exactly what happened !
I called it to the exact day LOL
Proof =
Re: Why Doge coin is badi posted that, April 06, 2014, 12:28:25 PM
Hey guys.. i said it before and and look at the graph i predicted it right on the money so..
I told you so Smiley
I said before that mining profitability had reached parity with numerous other coins and now the main advantage / benefit of Doge coin is GONE !
..and that all the so called supporters in the community will dry up and vanish and disolve into nothing. so far that is exactly what has happened !