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These are all the alt coins released in the last month trying to catch the hype train. You missed your chance? Good luck trying to pick the next winner.
That being said, I bought a bit a year ago and have done alright.
Monero.
World Black Market Value: $1,812,102.83 Million ($1.81 Trillion) http://www.havocscope.com/market-value/
Monero's market cap: $714,916,520 https://coinmarketcap.com/currencies/monero/
Simple, yet these two numbers are widely overlooked. I truly do not trust global institutions or government either. Monero is financial privacy in a complex, integrated global market.
haha! you sound like me circa 2014!
its 2017 and https://coinmarketcap.com tabs are always open on any machine i work on!
i even wrote an app that tells me what my stash is worth in a sexy female voice if i double click an icon on my windows system tray!
im still coin crazyy!!!!
Edit: The app for windows! https://www.reddit.com/r/ethtrader/comments/6ik2tw/serious_thats_it_im_leaving_cryptos_for_a_month/dj78qf2/
Computer Science graduate / cryprocurrency miner here! Part of this is technically incorrect and misleading, I'd like to attempt to clarify. The sole reason why mining is "hot" ATM has everything to do with the flash up-rise and subsequent downfall of Ethereum.
https://coinmarketcap.com/currencies/ethereum/
Ethereum is "memory hard" or to put it another way, requires a 2.2 GB dataset (currently, it grows over time) to mine, making it "resistant" to ASIC's that "ruined" Bitcoin mining so quickly.
So you NEED GPU's to mine ETH and it turns out the problem is memory and compute bound. While the specifics get muddy here, basically for the time being AMD cards seem to have a more favorable memory architecture and as someone who has had to deal with NVIDIA Linux drivers, I can say that I'd take AMD / OpenCL any day of the week over NVIDIA for mining at least (even though I exclusively mine on EVGA 1060's and am rocking a 1080 in my personal rig).
It's important to note that:
A) Ethereum lost half its value this week
B) A soon to be pushed network difficulty update is likely to knock the RX 460/470 miners down my 15-20% (reportedly) and the mining community at large is switching over to the GTX 1060 because it's the next cheapest card. And yes the 460's are sold out.
I know that bear sentiment in general is very unpopular since it's frequently people trying to FUD for their short sells, but there's a lot of people in here that keep talking about their ETH price projections and ETH movement without any discussion of the crypto market as a whole.
Take a look at the total market cap. We have a very clear, very obvious halt to the incredible growth we had over the course of the year until now, with an overall downward trend at the moment.
I think most of us understand that the long-term prospects for both ETH and a lot of other projects are strong, so this isn't an absurd sky-is-falling call - but this overall downward trend presents a clear opportunity for both market traders who sometimes short, and also long-term hodlers that like to choose selectively when to buy in. If you're in these groups, keep an eye on that general market chart to get a feel for when sentiment in general might be turning back to bullish.
Why is the market in general halted and trending downward, with so much good news coming our way for cryptos in general? I'm not smarter than the market, but my guess is people are sidelining in fiat on exchanges to see how Bitcoin handles their concerns in regards to the August 1st UASF / unknown-date SegWit2x hard fork. I'm predicting the general market sentiment will return to bullish after those concerns have been cleared, and that between now and August 1st, you will see some great buying and shorting opportunities for crypto in general. Even if you think prices are going to skyrocket, keep in mind to check the general market when making your plans.
Looks like pepecash still has an $8 million market cap: https://coinmarketcap.com/assets/pepe-cash/
http://knowyourmeme.com/memes/rare-pepe?full=1
/r/rarepepemarket
I mean part of the joke is that it's real.
I agree however, I also think that Ethereum could easily overtake bitcoin and stay there. The main thing to note is the number of projects that are being developed on ethereum. If people leave them they go to Ethereum, they will probably stay there as the bitcoin blockchain is full so has virtually no utility except for very large payments. Ethereums utility is increasing everyday.
Alts go to bitcoin, Ether based assets go to Ethereum and there are a lot of them which are in a bubble at the moment.
Go look at the Ethereum price chart on Coinmarketcap, and take special note of July 2016 - November 2016: the price oscillated from between $11 and $13 for FIVE CONSECUTIVE MONTHS. I don't know how some of you whiny bitches would have survived...
That's nothing, Bitcoin Cash set the record for highest volume ever recorded on any cryptocurrency on August 19th-20th with over $3 Billion in volume.
https://coinmarketcap.com/currencies/bitcoin-cash/historical-data/?start=20130428&end=20171023
uh, it may be bursting but not nearly burst yet.
it was ~$11 USD as of feb of this year. at $220USD today (last i saw) that's still extremely profitable for miners.
now if it continues this downward trend....
That's no rally that's a really slow climb. It's still testing, look at value traded. The number of shares sold is not decreasing, but some people are stocking in on it.
We saw the same at July 11th to 13th and it started dropping afterwards again. Unless the steady sell-out stops, I wouldn't call it over.
In fact over the last month it dropped steadily from $280 to $180 with small buy periods at times which happen due to too rapid drops, just like the one that is currently happening. This decline is not over yet.
https://coinmarketcap.com/currencies/ethereum/ (see 1m)
If $150 resistance is broken $130 is the next one to be tested.
Early days is right.
And in those early days, the only way that BCH has to attract miners is to drop difficulty. The effect of this is that miners come in for a while and mine loads of mostly-empty blocks, claiming their rewards in terms of BCH coins, until the difficulty bumps again. As a result of this strategy so far, there are 16,548,050 BCH now in circulation versus 16,527,550 BTC.
So, in these early days, BCH is taking from the future just to survive today. How long can it continue to eat into the remaining 4,451,950 at these "emergency" difficulties? Eventually, the great BCH giveaway to miners will have to ease off, and difficulty will have to be allowed to grow. When that happens, there are only two ways for BCH to attract miners - either the fiat value of BCH will have to skyrocket, or else the transaction fees will have to skyrocket. With the current strategy of flooding BCH onto the market, it's hard to see how the fiat value will grow.
You're missing the fact that the mining reward decreases over time. By the time 7 months rolls around, your 4.73TH/s won't be mining as much as it would now. There's also the fact that peercoin's exchange rate has been going down steadily for the past two years.
https://coinmarketcap.com/currencies/peercoin/
I don't understand how this could be interpreted as a good investment.
Edit: Also check out https://bitcoin.stackexchange.com/questions/16986/mining-hardware-lifespan-is-less-than-a-year. Any investment returns from mining comes from an increase in the coin price, not profit from mining itself. Your mining rig will be obsolete in under a year and there's very little chance you'll actually break even.
Been seeing some pretty obvious /r/BTC brigading on this sub in the last week. Guess that's to be expected. Just wanted to make the point here that the BCH price in FIAT should not matter to us here at /r/BitcoinMarkets. It's the price in BTC that matters. So far BCH has topped at .25 and bottomed at .06, it's now .09. Personally I think we can garner some insight as to how this might play out from the ETC/ETH relationship which has settled around .05. My prediction is BCH won't sustain over .15 ever and will settle around .1 or lower. If we expect BTC to go up we can expect BCH to go up. It's not going to zero anymore than PizzaCoin is. (which I just dug up BTW, it had a $10 market cap in Noz 2016, now $2700! Still, quite astonishing to see a coin that has a market cap of less than 1 BTC.)
DISCLAIMER: I own no PizzaCoins!
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Virtually all 'altcoins' have been either bitcoin or another altcoin with very minor changes and a pump-and-dump scheme. There are currently ~690 of these listed on coinmarketcap in total. Very applicable to call most of them 'shitcoins'. I was mining these and dumping them for bitcoin in 2013/2014 and almost all of them failed for obvious reasons.
Note that 'The Dao' is actually on the ethereum blockchain (it's basically a program, not a separate chain like the others), and it's a decentralized autonomous organization, as is DigixDAO.
Even litecoin is essentially bitcoin with a few variables changed and a different PoW algorithm, and that's it.
A very cherry-picked perspective indeed.
The post that inspired this post considered investing money in the top 10 alt coins, and how much that would yield in the long run. You've just shown us that some coins (much like stocks mind you) go lose value or even die. What an incredibly interesting proposition.
Let's take a fair look at december 1, 2013; a terrible entry point indeed. (data: https://coinmarketcap.com/historical/20131201/). Considering a $100 investment in each coin you would have the following quantities:
- Litecoin (LTC): 2,51.
- Ripple (XRP): 2127
- PeerCoin (PPC): 13,19.
- NameCoin (NMC): 10
- MegaCoin (MEC): 46,9
- FeatherCoin(FTC): 83,3
- WorldCoin (WDC): 1388
- PrimeCoin (XPM): 14,79
- FreiCoin (FRC): 206,6
- NovaCoin (NVC): 4
Now, let's take a look at what our $1000 investment would be worth as of today (granted, balls of steel would be needed to hold through the dips/pumps).
- Litecoin (LTC): 2,51 * 54,83 = $137,62
- Ripple (XRP): 2127 * 0,202 = $429,65
- PeerCoin (PPC): 13,19 * 1,16 = $15,3
- NameCoin (NMC): 10 * 1,09 = $10,9
- MegaCoin (MEC): 46,9 * 0.017 = $0,79
- FeatherCoin(FTC): 83,3 * 0.04 = $3,33
- WorldCoin (WDC): 1388 * 0.007 = 9,71
- PrimeCoin (XPM): 14,79 * 0.122 = $1,80
- FreiCoin (FRC): 206,6 * 0.005= $1,03
- NovaCoin (NVC): 4 *2.94 = $11,76
Total: $621,89.
Conclusion
The 'perspective' that the OP of this thread posed is useless because it is cherry-picked. However, OP and I do share conclusions that are somewhat similar. If you had bought the top 10 alt coins (a group in which bitcoin is excluded; an investment in bitcoin would have saved the portfolio), you would only have $621,89 today. The morale: the 'buy-at-any-time and hodl forever' strategy does not mean a garaunteed win in the crypto market. Then again, (1) you would have to be a pretty unlucky individual to jump into the crypto market with $1000 on the date posed by OP, (2) blindly investing without doing due diligence is always a bad idea.
PSA: Ripple is not decentralized. Ripple is centralized which is why people make jokes about them increasing the price by running one of their SQL statements. People in these threads are calling XRP a decentralized currency. It is not.
https://bitcoin.stackexchange.com/questions/40448/is-ripple-centralized-or-decentralized
EDIT: It's also basically just a private chain which is why it can be filtered out on coinmarketcap by selecting 'mineable' coins:
https://coinmarketcap.com/currencies/views/filter-non-mineable/
Bitcoin is not gonna split, nothing is happening to bitcoin.
A group of people decided to do a fork of bitcoin, and base it on the same blockchain. Because of this, you will get some "Bitcoin Cash" for free because you have some on the original blockchain.
But again, nothing is happening to Bitcoin. It's just another fork.
There are 900+ forks of bitcoin listed on https://coinmarketcap.com/all/views/all/ but usually they don't keep the blockchain. Blockchain or not, it will have as much impact as those 900+ other ones.
According to https://coinmarketcap.com/currencies/ethereum/ Ethereum has 24 Volume of $700 Million.
Of that, $8 Million is an 'at market' sell of Ethereum, daily, for block chain security.
It takes about 1% of the daily market volume by any single actor to move the price of a currency, I speculate about 10%. I think that is a fairly appropriate velocity adjustment.
This will get cut in half, thus likely having an immediate uptick of 5%, IMO. However, there will be $4 Million less ETH sold daily. In an isolated context there is no way to interpret that as something that could do anything but increase the price immediately, and long term.
The driver is that the price of ETH has risen 10x over the last 6 months (or more). Block chain security is not relative to the cost of computers, but the market cap of the currency. Therefore, as the market cap increases, so should the % paid toward security decrease, as the cost of computers has not changed in proportion.
ETH could possibly maintain security at 2% Market Cap, though it would be disruptive to the market overall. It would significantly reduce the advantages that Dash, Tezos, and ANS (Neo) are using to challenge ETH investments.
I agree.
We even have sub-tokens (DGD) that are climbing in price (even higher than ETH), which should in turn help lift ETH.
And that is on top of all of the Dapps that are currently under development. Some of which are pending release very soon.
In addition to that, network hashrate and difficulty continue to set new highs. Which is a sign of extreme strength as people feel confident enough to invest in new hardware to continue to support the network.
Hey folks. I recently got into cryptocurrencies and as part of a weekend project, I spent a few weekends building CryptoVue – a real-time dashboard that shows the top ten performing cryptocurrencies based on currency price, market capitalization and overall circulating supply. (Data obtained from https://coinmarketcap.com/.)
Also just built a chrome extension version as well - https://chrome.google.com/webstore/search/cryptovue
Sorry to be a wet blanket people, this is good news but not earth shattering. This is $3 million recent ICO on no exchanges saying it would like to work with $784 million company (OmiseGo). It is better news for Hubii than OmiseGo, but good to hear anyway. I think the price bump was more due to the meeting with Greylock
I'm now anxiously waiting for the global market cap to reach $30 billion for the first time in history.
Would be a new milestone for our little crypto eco-system.
$29.56 billion at the moment
so basically you are looking for another exchange that lets you trade OMG?
Protip:
- go to https://coinmarketcap.com/
- choose a coin
- next to the chart tab there is a tab for markets.
- click that to see where that coin is traded
edit: wrong link
Coinmarketcap has officially changed over the logo and name: https://coinmarketcap.com/currencies/neo/
Meanwhile, Bittrex continues to disappoint. Strike 1: high withdrawal fees. Strike 2: No GAS wallet collection. Strike 3: Not changing the brand of one of their highest volume coins on the day it happens, despite a month notice. Can't wait for other Western exchanges to outpace Bittrex's volume once NEO is listed. Bittrex is actively limiting the potential on this coin.
> Meanwhile, six years after people started calling for the blocksize problem to be corrected, the two camps (which apparently hate each other) are still stuck together.
Another view is that there are 670 alt coins listed here that all came from Bitcoin in one way or another: https://coinmarketcap.com/currencies/views/all/
Many have tweaked the blocksize is various ways and there has been a lot of experimentation about how to build a better blockchain. Bitcoin certainly is not perfect, but really we havn't found a replacement for it that is good enough to convince a majority to switch.
My point is that adjustments are being done. People are moving out. Bitcoin is no longer overwhelmingly dominant, and it's a trend that will only continue over time since Bitcoin cannot grow any larger than it is right now. Volume is growing... somewhere else.
Guys, this is legit. Look at all the recent pumps in BCC, ETH, XRP.
https://coinmarketcap.com/currencies/bitcoin-cash/#markets https://coinmarketcap.com/currencies/ethereum/#markets https://coinmarketcap.com/currencies/ripple/#markets
Korean volumes are insane. Bitthumb, the Korean exchange Monero is set to start trading it, has volumes of $1,043,230,000 for Ripple.... and Korea still has the next two exchanges. The 4th exchange for Ripple volume is Poloniex which has volume of $207,818,000.
Everything Korea has touched in the last few days has exploded and Monero is set to be next. If it was a shitcoin, I might feel differently but Monero is not a shitcoin.
I see alot of people confused, probably just looking at ETH going down not seeing that almost all of them are down alot today. You shouldnt be too worried unless there is bad news or changed fundamentals.
If you bought high and are losing money thinking of selling, ask yourself what your plan was when you first bought.
Every so often a coin in the top 40 gets hit by the Polo Pump Bat. You get showered with Bitcoins and life is grand.
Unfortunately, and unpredictably (although usually when Eth or Btc start pumping), the Polo Pump Bat can quickly turn into the Polo Dump Bat. This bat goes straight for your nuts and hurts like hell.
Any cryptocurrencies with over 75% of their trading volume on Polo are susceptible to these two conditions.
Not nearly big enough to be a bubble.
All cryptos combined are not even worth 1/10th of a billion dollars.
Modern market bubbles of any serious impact need to be valued in the hundreds of billions, if not trillions. Bitcoin could go down to zero overnight and the economy as a whole wouldn't even blink. It's just way too small right now.
Up 18% in 2 hours of trading:
https://coinmarketcap.com/currencies/etheroll/
I love the fact that Etheroll and the DICE token are immune to the market downturns, all theese Red days we are so used to see by now never seem to affect the value of DICE, the first stable token out there? :)
Just a caveat. I am seeing here that the BCH volume is 20% of that of BTC over the last 24 hours. This is an order of magnitude more than what you said. I'm not sure if this is a typo, a different time span or what, I just wanted to ensure that there weren't any errors in what I otherwise think is a fairly sound argument.
> I believe tether has some relationship with the Bitcoin blockchain which helps to verify the supply
Not really. Tether has it's own blockchain. Here you can actually learn what a blockchain is: https://www.coindesk.com/information/what-is-blockchain-technology/
> Think of it like this, Tether is the most used market in the Bitcoin trading network.
No. https://coinmarketcap.com/exchanges/volume/24-hour/
> Meaning that more USDT/BTC changes hands than almost every other market combined and almost all the new money coming into the market over the last 6 months is via Tether currencies.
Sooooo no. Use that same site.
> If Tether were to fail somehow or have its markets closed, the volume of BTC trading would plummet.
Just really no. Again, check the site.
> Tether failing at this stage would mean destabilization of almost every crypto market available, not just Bitcoin.
Nope. Tether failing would just mean tether failing and maybe a little less volume. Most crypto traders simply use Tether as a low-volatility harbor for money in the otherwise volatile space.
> A scandal like a 9-figure fraudulent margin trade being lent out(or stolen somehow) would be a big problem for cryptocurrencies in general.
No, just for whoever made Tether.
This sub really needs some resident crypto experts because you are one of a seeming army of people who think they know what they're talking about but just don't. Nice to be reminded as a long-time crypto trader that we are still early adopters.
Look at the bottom chart. Look what happened in May, Bitcoin dominance tanked, for the first time in Bitcoin's history it dropped below 50%. Money fled to Ethereum and other altcoins. This time the money (and hashpower) will flee to Bitcoin Cash.
What I don't get is why alts are losing value against BTC. Like, if you look at this chart it shows that Bitcoin is gaining market share and alts are losing it:
https://coinmarketcap.com/charts/#dominance-percentage
I would think that people would be leaving BTC and putting their money in alts due to August 1 jitters, but it seems to be the opposite that's happening.
nobody uses GPU's to mine bitcoin anymore, they use ASICs. https://en.wikipedia.org/wiki/Application-specific_integrated_circuit
This mining boom is because of ethereum. https://coinmarketcap.com/currencies/ethereum/
> 1) How does ICN and DGD pay dividends? Straight into your ETH address? How do they know who has the tokens? Do you have to register somehow, or do they know from a blockchain scan?
For DGD you will send your tokens to a contract which will send you back your dividends (in DGX) as well as return your DGD.
Basically your DGD will make a round-trip and along the way pick up DGX you have earned.
I have no idea how ICN plans to do it.
> I'm using a Ledger Nano S, with the native Chrome wallet. This isn't 100% compatible with ICN or DGD is it?
Yes, it is compatible. I store all of my ETH and tokens (including DGD) in the account managed by my Nano S.
For the time being, if you want to send tokens out from the Nano S account, you can put it into what equates to "MyEtherWallet mode" and do it that way. I have done it, and it works fine.
See here for more details: https://ledger.groovehq.com/knowledge_base/topics/how-to-secure-your-eth-tokens-augur-rep-dot-dot-dot-with-your-nano-s
I believe that Ledger is planning on adding support for tokens directly to their wallet app. When, I'm not sure.
> Where is the best place to get DGD?
You can find prices from the various exchanges here: https://coinmarketcap.com/assets/digixdao/#markets
I personally would buy it directly from Maker's market at: https://mkr.market/#trade/W-ETH/DGD
For long-term "buy and hold" tokens, a few cents difference doesn't really make much difference to me and I'd rather support the Ethereum network with gas fees versus centralized exchanges.
Learn about security, best practice, hardware/offline wallets.
Diversify investments. Personally I'd recommend 70% BTC, 25% ETH and 5% LTE or another altcoin.
Research. I found this site really handy to monitor prices: https://coinmarketcap.com
ICN is already listed on Binance
Fees are 5x cheaper than Bittrex
It's the first big exchange to credit users with staking interest or dividends:
https://binance.zendesk.com/hc/en-us/articles/115001840772
https://binance.zendesk.com/hc/en-us/articles/115001608951-Binance-Lists-SNGLS
Volume has overtaken Poloniex:
https://coinmarketcap.com/exchanges/volume/24-hour/#BTC
Hopefully Binance adds a ICN/BTC pair
I like your presentation, but you can use CoinMarketCap to see historical values of cryptocoins a year ago and then see how much you would have today if you did the same experiment a year ago.
But still, I like your experiment because you are analyzing your experience as you are going. I will be following along =)
NEO is 3rd most traded cryptocurrency globally, behind Bitcoin and Ethereum: https://coinmarketcap.com/currencies/volume/24-hour/
Methinks that price follows volume. More exchanges will add NEO if it continues to have the same volumes. Remember, exchanges are competing between each other for volume. They make their money from processing volume and charging fees on that volume. So if you're the CEO of an exchange you want to capture as much volume as you can, which means having the major currencies that investors want to trade. So if NEO is now a top currency in terms of volume globally, I am very very confident that it is being reviewed by the CEOs of the largest exchanges for addition onto their exchanges. More exchanges listing NEO will in turn drive even more volume in NEO trading, which will support and drive price.
All of them are declining.
When Bitcoin gets past 1st of August and we see what Segwit does with the prices we'll most likely see what happens to the rest of the marked too.
Yes and no.
Yes: volume moves in and out of alts. Like waves on a beach, the natural wave of capital flowing in and out of specific assets.
No: The shift toward alts is cyclical, but it is also a permanent, long-term trend for the past few years. Bitcoin has been steadily losing market share since the development team basically froze protocol development and decided to just working on the pet projects that they wanted to develop. Bitcoin's market share has never been lower, and it is on a long and continuous downturn. This will continue unless the development team starts developing products the market actually wants, or we move to another development team. I'd rather not switch teams, because that will create a lot of opportunity for alts. But if the current devs won't do the work, then someone else will.
Edit: Here's the chart
On ETH inflation:
I'm not a huge fan of that argument when it comes to the reason of the bear market and why it can't recover. We're adding ~32,000 ETH a day right now, or $250k at current price. Let's stretch that over 30d and even get more conservative and put us at a $10 price point and that's $9,600,000 in new ETH generated every month.
Looking at CMC we can see that the 30d ETH volume is $240,000,000. So even if we assume every single miner is dumping their ETH and we're at $10, we're only at 4% of total volume coming from new coins, or simply put, a blip on the radar. And again, miners aren't dumping 100% of their ETH.
So, there are absolutely some reasons ETH is going down right now (BTC pump, dapps lacking a bit, and overall FUD about the network) but inflation simply isn't one of them.
OP, si tu decides de mettre de l'argent la-dedans, mets-y de l'argent que tu peux te permettre de perdre. Considere ca comme du gambling, comme si tu allait claquer 100 euros au casino pour t'amuser. Ne considere pas ca comme un investissement.
Regarde ici les variations des valeurs des crypto. Sur seulement 24h, certaines crypto peuvent gagner 40%, d'autres peuvent perdre autant. Autrement dit, c'est vachement volatile. C'est sur qu'en regardant les gains apres coups, c'est facile de se convaincre en se disant "ah merde si j'avais su, il aurait suffit que je mette 1000 euros sur le bitcoin, et j'aurais 4000 euros deja a la place". C'est le but. Au casino c'est pareil, tu as des gros compteurs qui clignotent partout avec des gros montants d'argent pour que tu te dises "et pourquoi ca tomberait pas sur moi?" et que tu joues. Mais tu ne peux pas savoir quelle crypto va decoller, ni sur quels criteres. Y'a tellement d'opacite sur qui detient quels montants et sur ce qui fait reellement varier les prix. Cette opacite doit bien arranger certains.
Ceci dit, je suis vachement tente comme toi de mettre quelques euros la-dedans.
> I'm sure it'll always stick around
Of course it will.
Even the worst of the worst are still hanging around when it comes to crypto.
BTC will be no different.
I dare someone to look at this chart and tell me they think "this is good for BTC"! LOL
https://coinmarketcap.com/charts/#dominance-percentage
That's what you call the mother of all dead cat bounces.
If you're a BTC holder, ignore that chart at your own peril.
Interesting that on an exchange like bitcoin.co.id (Indonesia's main exchange) BCH/IDR is traded more than BTC/IDR ($2.5 M vs. $2 M last 24 hr).
> The good news is, no one can force you to support a hard fork. So celebrate, but make sure to share the truth.
More rhetoric that big blockers will get fucked... The beauty of hard forks is exactly that it is optional, but you will suffer the consequences of nakamoto consensus if you can't get a majority of miners to support the vision. Even if we do get the 2MB increase it is likely that the blocksize will never go beyond that. The ecosystem will move to something else. Bitcoin will continue to live but will not thrive as we once all believed.
The softfork, while it is not forcing us to use SegWit, greatly reduces the economic security model of bitcoin. Bitcoin should be defined as the most worked double SHA256 that adheres to the 21 million coin limit beginning with the genesis block of the current chain. Thus if Bitcoin ABC doesn't get the majority of the hashing power I can not consider it to be Bitcoin.
A number of you may not know that a HardFork of bitcoin already exists, it's called BitCore, it includes:
- 20MB blocks
- SegWit
- Replay protection
It has not been successful and I foresee bitcoin ABC going in exactly the same direction.
People think bitcoin will be co-opted through regulation of businesses and miners, this is no longer the case. Governments have just seen that all they need to do is to create a fear of something, appear to split the community, and then get one side to threaten to leave. This forces the other side to concede due to the fear of splitting bitcoin and reducing the total profitability of their service.
Today is a sad day.
Yes, Bitcoin hasn't been effectively mined with a graphics card since ~2013, but there are now 40 cryptocoins worth over $100 million each and over 750 in total. Many of those can be usefully mined with a graphics card.
Take a look at https://coinmarketcap.com/ there are over 500 cryptos listed, Doge is #5 by market cap. It's close to a year old and established as one of the three most accepted crypto currencies by merchants.
This is just the beginning!
+/u/dogetipbot 500 doge verify
This is Blockschemes scamcoin contigency plan.
Remeber, it's "Segwitgold" NOT "Bitcoin gold" and not "Bgold".
Core calls it Bgold. Finex will probably list it as Bgold to discredit BCH.
Lastly, "BTG" alway refers to the first coin with the ticker, Bitgem. https://coinmarketcap.com/currencies/bitgem/
Make sure to always conflate the 2 when dealing with their shills.
Dozens? Lol. There are already over 1,000 competing coins. You can see their prices here.
Bitcoin is up something like 6x in the last 12 months with thousands of competitors in the same space.
Monero isn't widely used, but it is still one of the more popular cryptocurrencies.
Monero has a $1.4 billion market cap, Zcash has $576 million. Cryptocurrencies are about 1% of the USD money supply. They are all growing quite quickly. PayPal wasn't widely used at first either.
If you are still deciding to invest in BitConnect or not, please do your own research.
Check the market value per exchange:
https://coinmarketcap.com/currencies/bitconnect/#markets
- Right now more than 95% of the volume is on the website of BitConnect.
- You have to pay Bitcoin and you are getting paid in Bitcoin, their BCC coin has no use
- The platform is not completely open-source and not really decentralized. They have an open-source part, but this does not include any part of the lending system. Don't believe that it's completely open-source just because they have a Github page.
- Is there actually a working trading bot? Any proof? Is it open-source or can we verify any results? If not then the basis of this whole platform is a ponzi scheme, meaning that if you invest you will be one of the people paying the interest of other people.
- Your investment will be locked for at least 4 months
- Very high bonus structure (7%) on referrals (which makes it look like a ponzi scheme even more)
- The lending system is based on USD while all payments are in Bitcoin. So you will probably get back a lot less BTC than you've lended, since the price of BTC is likely to go up in the lock-up period.
That being said, like any ponzi scheme, you might make a lot of money with BitConnect if you step in early enough. Just search the internet for BitConnect, notice how bitconnect scam is Google's first suggestion, do some research and make your own decision.
Investing in weird shit like NEO and ARK and expecting it to be around in three years is nutty. At least check back in every six months or so for a redistribution.
Even one year ago is wildly different: https://coinmarketcap.com/historical/20161009/
Three years ago: https://coinmarketcap.com/historical/20141012/
That's just survivor bias. Plenty of altcoins have died (i.e. plummeted in value). You just don't hear about them anymore. You remember about the ones that were successful. A few years ago there were literally hundreds of slightly minor forks of bitcoin, mostly with meme names and sometimes using scrypt hashing. Dogecoin is one that did better by far, and it's still just a memecoin that will keep descending in value, at least relative to other investments.
Even some coins that introduced new ideas, like peercoin that introduced proof-of-stake is pretty much dead by now.
I use Bitfinex exclusively for Iota. According to Coin Market Cap Bitfinex currently does 98.89% of the trading with Iota.
Besides "dump your Iota" what "Smart move" would you recommend to a US customer in my position who had no decent options to pickup Iota?
In the mean time I scare easy so when Iota started to plummet just now I sold as well. Without a viable exchange for US consumer base, i feel the coin is dead in the water.
Not even close
https://github.com/neo-project
Neo's github is nearly dead at this point in time. People are buying all screaming if you missed BTC and ETH this is next!
Become incredibly defensive when you actually start to probe about the development and can only point to two things "It's Chinese ETH!" and "ETH but without solidity!"
Funny thing is the Chinese exchanges are no where near the top buying this. It's all BTC being dumped into the BTC/NEO pair on bittrex.
https://coinmarketcap.com/currencies/neo/#markets
In short a super manipulated asset that a lot of people sadly are going to get burnt on.
It really happened, and to be fair the creator of UET deserved to net some ETH, because the page he setup for the ICO was genuinely very funny, so he would have made a good bit from people micro-tipping him. But you know whats really bizarre - there is actually a market for this coin now, people are trading it, https://coinmarketcap.com/assets/useless-ethereum-token/#markets
Ethereum continues to surge.
https://coinmarketcap.com/currencies/ethereum/
The daily discussions from their subreddit /r/ethtrader/ have been gaining popularity recently, too. Have seen them on /r/all several times this week. Not a good sign for PC gamers looking for AMD GPUs... Unless you're also interested in mining.
Same thing happened last year, started again back around March. And yet all of the replies are still wrong, ie: "New product runs out of stock" and "Kids preparing for school." No guys, it's miners, again.
Something very fishy there. Look at this chart: https://coinmarketcap.com/currencies/ripple/
Less than a month ago, Ripple was worth basically 0bn. Now it is worth 7.5bn in a crazy exponentiation of their value. I think Ripple has some interesting things going for it in regards to bank partnership, but they also are claiming USD volumes of like 300m / day. That's higher than the on-chain USD transaction volume of BTC (but ofc they count exchange USD volume, and Bitcoin traditionally does not).
So something happened, but it's very unclear what. My theories:
- Elaborate hype play by somehow inflating this figure? Maybe a bunch of rich people sending a crapton of XRP back and forth?
- Maybe some of their bank partners finally flipped the on switch for some project? That would be huge news, I would think.
- General crypto hype going on right now that has led to mass purchasing based on speculation, even though there's nothing really great going on
- People are very confused about orders of magnitude, so "0.002$" looks kind of a lot like "0.2$", even though the difference is the same as 100 vs 10000. I think there's an often overlooked psychological component to the relative prices of cryptos. People think ripple is "value" because it is "low cost" right now. That's not actually how it works, but it could explain some trends lately.
A lot of these tickers are pulling from coinmarketcap.com, which is a weighted average of all the known markets. The Korean exchanges are currently over $100.
I know John says a lot of crazy stuff, but I'm having a hard time getting over how disrespectful the interviewers are. At the very least I say good on John for putting up with them. That said, Bitcoin Dominance of total crypto market cap will decrease, but it will be nowhere near 25% in 2 years. 60% at the very lowest; though I would bet it'd be closer to 70-75%.
Eloquent treatise as usual from Eric.
But https://coinmarketcap.com/charts/#btc-percentage shows that no matter what the bitcoin maximalists say the market isn't having any of it.
To my mind bitcoin is now a dated supertanker with the crew squabbling over the wheel controls.
Looking at the market cap of this coin on a purely relative basis, it is so, so low. This is a very serious project solving a real world problem with an experienced, proven team.
Go to: https://coinmarketcap.com/all/views/all/
Find Everex, and look at the projects with similar caps. Leocoin? SaluS? Dimecoin? Decentraland? Etheroll? Moeda Loyalty Points? Fucking Bitbay?
Only a matter of time before this moves from the 20-25mm range to the 40-50mm range at a bare, bare minimum.
I was looking at the Coinmarketcap page
I have no doubt that we will be a top 20 crypto in the next few weeks
WTC recently edged up to #33 from #34 in the past few days.
Also, how in the F do cryptos like BYTECOIN have such a big market cap.
BCN is a total shit coin!
Not sure how many of you follow other cryptos besides bitcoin, but it's been an interesting month. Altcoins are deviating from bitcoin. Previously altcoins were hitting all time highs right along with bitcoin, but that is no longer the case.
Also the total market cap of all cryptos is currently painting a double top. Cryptos were valued at about $179 billion on September 2 and have hovered around $175 billion from October 14-20 with a trough in between. Charts can be seen here. Zoom out to all time. https://coinmarketcap.com/charts/
More time will be needed to see how this plays out. If it is a double top and bitcoin continues to climb it'll be at the expense of altcoins. The last time it looked like it might be a double top was the first week in August around August 6 except that time it just kept shooting straight up. This time around it seems to be resisting.
Hi all,
You can finally see the volume of XMR/KRW on https://coinmarketcap.com/currencies/monero/#markets (I'm not doing an advertisement of this, just a link to help to see what happend. I'm sure other platforms will follow)
>virtually no change to the user experience that you raise?
The user experience has gotten much worse over the past year. Looks like the average fee a year ago was around $.20 versus several dollars today. Source.
Are you asking why an increasingly shitty user experience hasn't completely stalled Bitcoin's growth? And has instead "only" caused its market share dominance to fall from 80-90% to less than 50%? Probably because Bitcoin's network effect / first-mover advantage is a pretty powerful thing. But it's not infinitely powerful... Related.
GAS has the lowest volume in top 40 cryptos in the past 24h. I think something should be done to the accessibility of this currency.. I guess the manipulators have chased the investors away from the markets
Source: https://coinmarketcap.com/
Also if your interested in the past chances in the volume of GAS you can see them here
I've never really bought that ETHUSD tanks together with BTCUSD because "it's all just crypto". I'm sure that more people now use that correlation to make decisions ("oh look BTC is tanking, ETH will too - I should sell") which is a little bit of a self-fulfilling prophecy, but I don't think it's the real reason.
I agree with the people who think that the ETH/BTC pair does it. if BTC goes down against USD but ETH/BTC stays the same there's an instantaneous arbitrage opportunity between currencies. you could sell your BTC for ETH, ETH for USD, and you've just recovered your USD losses right?
this brings ETHUSD down. but it also brings ETH/BTC up. this is just the kind of thing you would have a bot doing. some exchanges limit trades per second to prevent this kind of algorithmic HFT, but it's the kind of arbitrage opportunity that gets seized upon by bots and closed up quickly.
do you guys think that's the most likely reason for the coupling? I think it's pretty strong. I think that's what a lot of these 0.002 ETH trades are doing.
edit: just found an article that basically agrees with me, and points out that BTC does more trading in altcoin pairs where ETH does more in fiat pairs, meaning that ETH becomes a conduit via the ratio for money into BTC. this would make sense at the moment - the huge rises have been in OMG and NEO, despite OMG being an Ethereum token. So I guess the honeymoon period of these coins really did hold ETH back in the short term.
No way. It's effectively nothing.
Those are the daily trade volumes for the exchanges all over the world. It's 0.2% or so of the total present single day global trade volume, even if you decided to dump it all at once.
Only exception to that is if you're stuck in a tiny local exchange with extremely low volume, and you absolutely positively must sell it all now.
The price of a single coin is irrelevant. There are many more Ripple coins than Bitcoins for instance. Total market cap is more relevant, which you can see here.
but it did recover?
It has almost no relation to the Mtgox stolen bitcoin drama...(feb - march 2014)
https://coinmarketcap.com/currencies/dogecoin/
uncheck market cap and btc price at the bottom, and you can see that Dogecoin is trading more than ever.
Lets not resort to comparing Ethereum to Bitcoin when
there is already a clone of BTC called BTX. It has a 10MB blocksize.
https://coinmarketcap.com/currencies/bitcore/
Why go 8MB with "bcash" when you can go 10MB with BTX?
Still worth nothing
https://coinmarketcap.com/currencies/ethereum/
still $200 USD as of now but continuing to drop. it's going to continue to be profitable to mine for awhile.
if it's dead at $200 USD what was it at $8 USD in January?
> Most ETH to fiat transactions are ETH to USD. And as also mentioned in that thread, ETHs fiat liquidity is still pretty limited. Korea is just a drop in the bucket.
Nothing about this statement is accurate:
>Ripple owning 60% of coins might scare them.
The funny thing about banks is that they get scared when people AREN'T making money. They are not open source developers.They're used to paying someone for services provided to them, if those services are faster international payments why not.
>The price of a single coin doesn't matter to banks as they just use it to transfer money.
You are correct. The price does not matter, however, volume does. Look at all the different markets Bitcoin has: https://coinmarketcap.com/currencies/bitcoin/#markets - Each of those orderbooks is separate. Different pools of liquidity. Traders tend to congregate on one market. That is why there aren't dozens of stock exchanges in the U.S.
>The number of coins is fixed to 100 billion. This means if one coin equals 1 USD banks can move max 100 billion dollars every day. This is to assume nobody else has any coins.
That is a little incorrect, since you can execute multiple trades per day. Especially with how quickly money settles you'll see much more rapid trades and wealth transfer.
Now compare that to the current system... would you rather be able to move your 100billion once per day and have it settle eventually or be able to trade it thousands of times per day and have it settle in about 4 seconds?
>As long as the price of one coin is stable there is no need for banks to use another coin.
XRP's value prop is the glue on the orderbook. It is an instrument to easily access pools of liquidity all around the world. That is why banks will want to use it.
I have learned of two ways to import 'live' market prices into a google sheets for a personal portfolio I'm in the process of creating, they are:
With the CRYPTOFINANCE addon: '=CRYPTOFINANCE("ETHCAD","price")'
The second is to use '=IMPORTXML("https://coinmarketcap.com/currencies/ethereum","//span[@class='text-large']")'
-The importxml options seems to be more 'live' and the rate for lower altcoins is more accurate, I would prefer to use that one, but it comes out in USD. Does anybody know of how to modify it to output in CAD? I guess I could also modify it to multiply the value to the exchange rate but that just gives more possible problems.
-Also, is it possible to just pull the info from Quadriga? As that's where I'd withdraw from, and it's naturally CAD, I rather use that but haven't found a link that correctly pulls using importxml.
I just noticed that Yunbi has knocked Polo ETH/GNT from the second spot in trading volume, and it's Chinese Yuan buying direct. So hard cash is flowing into GNT: https://coinmarketcap.com/assets/golem-network-tokens/#markets
https://coinmarketcap.com/currencies/ethereum/?markets=main#markets
Fiat x ETH market starting to catch up with the ETH x BTC dominance of Poloniex. Thnaks to Gemini and GDAX! Anti-ETH Shorters manipulation is hopefully over.
CNY trading accounts for 60-70% of all Doge volume at any given point in time.
https://coinmarketcap.com/volume.html
The reality is that the Chinese speculators have gone off Doge. I'm tired of this "community" circlejerking, like we can somehow influence the price by "not dumping" when we are mere peons.
I bought a stack right at the peak.
So I'll play devil's advocate and say that the skeptical (and actually discerning) train of thought is to:
- Sell and cut losses
- Sell and buy another token or coin that will have potentially have better gains to try and "earn" back the losses you incurred
The above two options come with their own risks, but are generally sound decisions (provided sufficient research is done before hand).
However, comparing VTC's market cap with its closest cousin, LTC:
Market cap - VTC is only 5% of LTC's $3billion Circulation - VTC has approx. 40mm in supply vs LTC's 56mm
VTC is positioned in the top 50 cryptos LTC is positioned in the top 5
Now again the discerning investor would be wary of a direct comparison with LTC since both are actually vastly different (and actually inter dependent in some ways), but considering VTC's low market cap position + its growing appeal toward miners + scheduled block halving in Nov / Dec, it's a really good chance that VTC still has a ways more to go before it hits its maximum short term potential at the end of the year. Even double its market cap at $300mm wouldn't be unrealistic at all @ position #21 / 22.
No one can accurately predict anything, but the chance of VTC's value and adoption increasing is very high.
Bitcoin cash futures debuted on ViaBTC for around 500 USD, declined to 300 USD right before the fork went live on Aug. 1st and climbed to around 700 USD after the fork, before bouncing off the 300 USD lows to reach 1000 USD during the spike in late August. (Source)
If you're going to cherry pick data points, at least get them right.
> I think that trading volume of USD 10 millions per day is good enough. No?
Mmh, I think it's very little. Consider the following: right now, as per coinmarketcap, Yuanbao has a 24h volume of 2,143 BTC. On Bittrex, the volume of Lisks traded in the last 24h is 4,183, which is almost twice the volume of all trades on Yuanbao (again, the data comes from coinmarketcap).
Another perspective: the volume of traded Lisks on Bittrex is 3.8% of the volume of all trades on Bittrex. If the volume of traded Lisks on Yuanbao were 3.8% too, that would be a "mere" 82.4 Bitcoins, or approximatively 57k Lisks. Checking on the Top Accounts tab on explorer.lisk.io, Bittrex holds 9.2% of all Lisks. The projected amount of Lisks that will be deposited on Yuanbao is only 0.05%.
Yes, it's always good news when a new exchange accepts Lisk, but it doesn't look like the Yuanbao addition will be that relevant.
I'm still relatively new to everything, but it seems like you can tell how reasonable a prediction is by looking at market cap. Market cap of OMG right now is $929,884,279. If the price hits $200, that would put market cap at a little under 20 billion. Today that market cap would be third behind BTC and ETH.
But you also have to think about total market, which has shot up about 150 billion over the last year.
$200-$300 doesn't seem unreasonable if this bull market keeps up to some degree and things keep going well for OMG.
Also someone tell me if I made any numbers errors.
In the last 24 hours, $2.6B worth of Bitcoin has changed hands via exchanges.
I think you need to re-evaluate your perceptions of cryptocurrencies and their liquidity.
You don't count bitcoins and litecoins together so why count BTC and bcash together? Bcash is a separate altcoin. More frustrating: search for bitcoin here https://coinmarketcap.com/ There are 8 of them.
If you want DGB to do well and the price to go up, do your part for the community.
https://web.telegram.org/#/im?p=@DigibyteMarketing Participate in discussion.
Try to get DGB listed on Asian exchanges, see below list of top exchanges: https://coinmarketcap.com/exchanges/volume/24-hour/
We are in discussion with Gatecoin to get DGB listed. https://twitter.com/Gatecoin/status/879098762135719936
We need more support from you guys! Don't just buy coins and wait for magic to happen, work for it!
With the relatively small marketcap of Bitcoin, it's pretty much all but guaranteed at some point and most of the cryptocurrency community just accepts this.
WHEN that will be and how much of a drop are entirely different questions.
Not sure why the market likes PoS so much? I assume that's part of the reason why INSANE (https://coinmarketcap.com/currencies/insanecoin/) went up over 3000% in 7 days? Makes me wonder how PoS will impact the price of ETH...
>But we dont, because, well, slow and steady wins the race.
Said no one ever in the world of business or tech.
https://coinmarketcap.com/charts/#btc-percentage
Too slow and too steady loses the market cap..
>Im not cheering the attack. Why do you accuse me of that?
Because the only reason ethereum network performance is temporarily reduced is because it is being attacked. Your post is deliberately misleading. But then you also claim segwit doubles capacity and we all know it doesn't even come close to providing that.
You should go by marketcap, not token value. A good place to see a coin's ranking by marketcap is https://coinmarketcap.com/ You'll see Decred is ranked #33 right now, which is pretty decent. You can even start doing your due diligence research on Decred's coinmarketcap page, checking out the website links / announcements links etc: https://coinmarketcap.com/currencies/decred/
Just a point of interest on a hypothetical: If the recent surge to 6200 was the top for bitcoin (for a while) then the market as a whole could be in a double top - 176m on September 1st, 175m on October 15th. Just worth considering.
Invest in what you know right? Well I work in marketing so when I saw "AdEx" on https://coinmarketcap.com I was naturally intrigued. Unfortunately, after doing some research I came to the conclusion that they were just your typical ICO high school project with no real future.
The silver lining is that they mentioned BAT as a competitor in their white paper.
For me the main obstacle is the poor wallet experience. How disconcerting for someone new to get the wallet, deposit their IOTA into it, and then discover the next day a zero balance!! They then go post to the discussion boards. Sure, it is a simple enough fix of attaching addresses to the tangle until the balance reappears, but the result is anyone who is first checking into IOTA from https://coinmarketcap.com/currencies/iota/ and goes to the message board sees a barrage of messages that makes it look like the whole IOTA world is falling apart!
I understand the M2M focus, and I applaud the team for all the amazing things they are doing, but I do wish more time could be devoted to making a wallet with a great user experience.
DigixDAO (DGD)'s market cap is now $20 million below the price of Ether it holds in the DAO smart contract. Lolwut.
$133 mil market cap: https://coinmarketcap.com/currencies/digixdao/#markets $156 mil in Ether: https://etherscan.io/address/0xf0160428a8552ac9bb7e050d90eeade4ddd52843
According to CoinMarketCap 833,032,000 GNT are in circulation out of a total of 1,000,000,000. Your information is wrong if you think they're holding 95%. It's more like less than 17%.