ALT Coin discussion

Discussion in 'Blockchain & Cryptocurrency Mining' started by Gunna, Oct 10, 2017.

  1. Riddick187

    Riddick187 Member

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    Well, that's why it's called gambling ;) You wouldn't wonder what and why in casino, same thing with crypto.
     
  2. dirkmirk

    dirkmirk Member

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    I think theirs no long term future in holding big alt coins as an "investment".

    Ethereum/Ethereum classic/Cardano is all the history you need to look at.

    Charles fell out with Etheruem, supports ETC now starts his own coin:Paranoid:.

    What's next?

    All kinds of messed up, good for nothing but quick short-medium trading opportunities.

    I can't help but feel most people are looking for the diamond in the rough in crypto land, if your not be prepared for big losses if you think your "investing":Paranoid:.
     
  3. OP
    OP
    Gunna

    Gunna Member

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    Powr would be one where I disagree on you with that, ELIX as well
     
  4. koss

    koss Member

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    You might want to brush up on your history, Ethereum Classic is the original Ethereum block chain, the coin you know as ETH was the result of the hard fork. Think of it as if when BCH fork was created, it had the numbers to maintain the BTC name, hence the BTC chain would have to rename even though it didn't actually change.
    Similarly, the ETC chain was the one that always existed since 2015, just that it was renamed in 2016 being less popular.

    https://www.ethnews.com/who-is-ethereum-classic
    The ETH hard fork happened 1920000th block (20th July 2016).

    Charles Hoskinson joined the ETC team a week later on (27th July 2016)
    https://twitter.com/iohk_charles/status/758277705766989830?lang=en

    You can read why Charles left ETH before the genesis block was even mined, and why he joined ETC as a protest:
    https://www.ethnews.com/charles-hoskinson-tells-us-why-he-is-100-etc

    Essentially it was because ETH wanted to bring in Venture Capital.
     
  5. dirkmirk

    dirkmirk Member

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    Theirs 50 billion tied up in BCH/ADA/ETC....

    Ridiculous.

    With crypto their should be no debate about what a coin is or was, Cardano has the chance to write its own history but their will always be questions marks about Bitcoin and Ethereum IMO.

    Fork free bockchains like I've said before, anything that isn't is crypto 1.0, code is law...
     
  6. koss

    koss Member

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    No there's not, that's just the market cap which we all know is a BS fairy tale metric. A pissy little fraction of that will have actually exchanged hands to get those coins where they are today. The 25billion ADA issue last year sold for $62million total, which is heaps to fund development, but nothing to do with the market cap. You try and sell 25billion ADA or 16milion BCH and see how much you actually get for it.
     
    Last edited: Jan 19, 2018
  7. gdshifty

    gdshifty Member

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    this thread is really deteriorating into a shit fight with not much support or help going on. Why do you all feel the need to 1 up each other??
     
  8. mixology

    mixology Member

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    happened to one of my alt coins, it will come back eventually.
     
  9. ipv6ready

    ipv6ready Member

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    It happens in all debates where pumpers are leading the faithful true believers and heathens are chomping at the bits to say I tod you so.
     
  10. AstinGC90

    AstinGC90 Member

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    As this is an AltCoin discussion thread and has now got nothing but tumbleweeds in it. I'll try kick off an on topic discussion...

    List your favorite alt and why you think it will rise in 2018 :)

    Power Ledger - POWR

    Power Ledger Projects & Partnerships
    Generally a move in the right direction for getting companies and governments excited about renewable energy solutions.

    Most importantly I bought it at $0.16 haha 900% up, go go go.
     
    Last edited: Jan 21, 2018
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  11. clonex

    clonex Member

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    .016, nice i thought ~80c last week was cheap
     
  12. 303-Acid

    303-Acid Member

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    I wish I had funds to buy more in the dip. Got 1000 @6249sat late last year, around $1 each at the time. It's a long term one for me. I think I'll sell off some ripple if/when it spikes and put that into POWR.
     
  13. koss

    koss Member

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    There are all over the place, there are only about 1,400 alt coins listed on coinmarket cap, but there are at least 5,000 different ones out there according to the CEO of Binance, who says that they have received applications for 5,000 coins to be listed since Binance started. Considering Binance only had there ICO about 6mths. ago to fund the starting of their exchange, that's a pretty amazing number of coin promoters that have approached them for listing in that time, of which they have listed about 245 of them.



    BTW. Binance averages about 14,000 transaction per second which is insane.
    That's roughly 20 transactions per hour for each of their registered users. Obviously the data is either incorrect or it's bot trade not their users. The main goal of frequent bot trades is price manipulation. A real trade bot would be lucky to make more than a couple of trades a day when the market has moved in the appropriate direction. Hi frequency bots manipulate price in a certain range whilst accumulating or selling small packages, often by first putting up a huge buy or sell wall.
     
    Last edited: Jan 22, 2018
  14. Optimus.

    Optimus. Member

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    And charges at least a million to be listed on their site. They are the most successful startup ever with already a turn-over in the billions after only 6 months.
     
  15. elcarter1

    elcarter1 Member

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    Was it a fall out. I remember seeing a tweet that said he's still involved somewhat when question about ETH transition.
     
  16. koss

    koss Member

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    I think his vision for the future is more like high frequency trading on a stock exchange, lots of bots that kind of thing. It resembles an online casino more than a market.

    My vision of exchanges I will focus on using, will have a roll in determining market price, but won't be involved in handling the funds in a transaction, like they might charge a fee for arranging a sale, but they wont be holding the client funds. Shapeshift is the closest one, but I expect them to be replaced by atomic swaps.

    Too many crypto exchanges have come and gone with billion is people funds, that has to stop. ATM 2/3rds. of my Cardano are on Binance, and I can't withdraw them to my Cardano wallet for security. That's not a situation I like. I prefer to keep coins in wallets where I control the private keys, and only leave small trade amounts in other people hands like Binance.
     
    Last edited: Jan 21, 2018
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  17. gmturner

    gmturner Member

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    When i heard about the launch of power ledger I read up about it and while i really liked the idea i couldnt and still cant really see it being able to take off in Australia at all. i cant see retailers easily allowing consumers to take back a bit of the pie. They claim most of the cost is transporting the energy and there is no wiggle room in the generation side of things.

    nevertheless ive seen the price soar after all these partnerships and agreements and i wish i bought some. i personally still dont see any great future for it anytime soon but nevertheless wish i invested for the shorthaul.
     
  18. qwijibo

    qwijibo Member

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    I see Australia as a convenient proving ground for the tech (mostly since they're Australian), but the concept is easily exportable - as AstinGC90 listed, they have trials with overseas partners now as well, and its still very early days.
     
  19. zed_kid

    zed_kid Member

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    Its eerily quiet in here. Have you all become millionaires overnight and no longer care about ALTs?
     
  20. whatdoesthisdo

    whatdoesthisdo Member

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    No everyone lost their money with Bitconnect
     

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