I know some of you guys, who did ok in 2017, are considering buying altcoins now that they're "low" Alt coins are not "low". Altcoins don't follow normal market patterns. Altcoins are, and will always be gimmicks intrinsically tied to BTC. They market themselves as different or better, but they never are. Almost every feature an altcoin has the BTC core team debated whether or not BTC should have it, and decided against it for one reason or another. ETH and XMR are the only viable exceptions but I wouldn't recommend buying ANYTHING right now anyway. BTC is a good buy between 1.5k to 3k. Altcoins are not a good buy until BTC begins the next bullrun, and that might be years from now. Please don't buy altcoins. I watched people buy and hold alts after 2014 and the great majority of them never recovered.
If you're a newfag, and you're considering buying "cheap" altcoins, take a look at this photograph. Its from april 2013 Which coins do you recognize?
I might be dead fucking wrong with my BTC price prediction but there's nothing I'm more sure about than altcoins continuous plummet to the depths of hell
Where do you draw the line between altcoins and accual decent ones?
Like, is EOS altcoin? How bout ETH? What about XRP? MakerDao? ChainLink?
How do you define an altcoin.
Carter Cook
Great post but I'm still loading up on Decred.
Adam King
Did you even read his post? He said anything that isn't btc, eth or xmr... Though I do think you could put link in with those 3, especially if they are able to accomplish what they set out to.
Benjamin Bennett
all coins that aren't bitcoin are altcoins XMR and ETH have viable use cases but are still altcoins and will suffer worse than BTC in a crash every altcoin that isn't XMR or ETH will suffer EVEN MORE. Even if these other altcoins have utility (which they don't), no one is using them, so the utility is pointless
Christian Bennett
What uses have XMR? Darkweb? Arent they useing Zcash?
Blake Russell
>I watched people buy and hold alts after 2014 and the great majority of them never recovered. What are you on about OP? Anyone who bought into XVG and ETH in the fall of 2014, with only $1,000 in each and sold at the top of the bubble, is a multi-millionaire right now. They recovered at one point, and yes, the whole market is in shambles right now but you said "never" recovered.
Zachary Lewis
Zcash is shit since the anonymity of transactions is optional not forced, defeating the purpose of the coin. XMR is the only true and used privacy coin. Still wouldn't buy unless you are just averaging down and are ready to lose 50% or more of whatever you put in. I'm pretty sure dark web still uses monero over zcash but I'm not too familiar with what they do or don't use. CMC makes it seem like XMR is still the coin of choice though,
Nathaniel Parker
Sure go find the next ETH or up and coming PnD, you are looking for a needle in the haystack and most of the people who do this will get burned so fucking bad. The fucking retards here think shit like chainlink, ARK, XML, EOS are going to be something in the future. Christ almighty save your soul if you think you're actually smart enough to know what the next big thing is.
this is what being married to a coin looks like, crypto still hasn't capitulated
Liam Cruz
how exactly am I a pajeet for telling you NOT to buy a shitcoin? Do you not remember what pajeets do since they haven't been around here since march?
Kayden Rodriguez
Not all the coins you mentioned are winners, but are a handful are. You're a pajeet for imposing your own feelings on (certain) tokens with good fundamentals
Mason Long
Of course it hasn’t capitulated, people who bought before August 2017 are still up tremendously
Bentley Watson
Ravencoin might be it imo.
It has to be mineable thats for sure.. that excludes a lot.
James Rivera
yup. first purchased BTC at 350$ Eth at 27$
everything is STILL expensive for me. My personal capitulation isn't for a long time. This can go way lower.
I watched alts go from nothing to stupid prices. Alt still don't seem cheap to me. There is no reason at all they cant go -99% which is when i will start buying alts
Jaxson Butler
This, or DAG is the next big thing.
Dylan Richardson
You and I both know chainlink is a whole other ballpark..
Julian Lewis
I somewhat agree with you but also think if you can afford $100 worth of some alts that you THINK have a shot, take the gamble. $100 in Ripple in 2015 proved profitable for the long term holders. They all will not be winners, but if you have $1,000 to spare pick up 10 coins. Even if you're wrong and lose 100% ($900) on the 9, if you catch a 10,000% on one you're in good shape. All about odds.
Anthony Thompson
Literally none of those shitcoins will ever be winners you fucking brainlet
Hunter Brown
LINK is the only thing worth holding. BTC will go to zero with the rest of the shitcoins and I will dance on its grave.
this is literally the shit I was talking about in my original post STOP
see
Dylan White
>especially if they are able to accomplish what they set out to. If any of the shitcoins accomplish what they set out to, they wouldn’t be shitcoins. Including your sergey big mac meme token.
Julian Green
Hold long term is retarded. If/when next bull run happens, buy alt but be ready to sell
>Zcash hahahaha. Most use bitcoin but the rest use Monero afaik. Zcash isn't private can anyone tell me Eth's use case, other than theoretically? Cryptokitties and 30min transactions doesnt seem useful
Jack Russell
>t. BTCuck
Dominic Carter
you're right but the 2014 people buying eth were right too
Hudson Cooper
Most alts never come back. Most of the shit at the top of cmc right now is new.
ETH will die, XMR is the real bitcoin.
Jaxon Phillips
This. If you want to 10-50x you hold the established ones of today - BTC abd ETH. If you want to 10000x you gotta do some work
Jackson Ward
>my investment isn't an altcoin because of what it plans to do
Every so often we will add a coin to the top that will never die just like BTC
That coin is XMR
you know what to do boyos
William Brooks
I really like XMR and I hope you're right.
Anthony Baker
shitty FUD pajeet, fuck off
$1000 EOY confirmed
Noah Jenkins
If years ago you did the opposite of what OP is saying and bought key altcoins (Ripple, Antshares, etc.) you would have ended with almost x1000 gains instead of x10. Also, the situation now is different: there are huge corporations behind some altcoins that care not about price and keep pushing updates in the repo (not like bitcoin in any of its forks).
Jacob Davis
I don't think anyone is buying anything right now. What are you on about?
Elijah Clark
also you have to consider that the 2014 altcoins did not have the same warchest some of the bigger alts of today have. they cashed in during the 2017 bubble. not talking scam icos
Chase Reyes
Currently hold 67 Ltd. I believe.
Benjamin Nguyen
I dunno man in this thread alone there's at least 5 retards buying ETH and LINK
Ryan Ward
many large projects have the runway to continue this next year or two or three. It's a good sign if they are still able to hire developers / keep working.
Jacob Martinez
Yea I mean now you got big corps and banks trying to come into this market look at XLM/XRP. XLM is backed up IBM, i don’t got a crystal ball and can’t see their foreseeable future, but they got a better name then shitcoins back in ‘14. Just for one example.
Ethan Morales
XLM isn't backed by IBM you stupid fucking mouth breathing incel MOTHER FUCKER LISTEN TO SOMEONE FOR ONCE IN YOUR LIFE IBM doesn't give a FUCK about XML. NO ONE DOES. All the "partnerships" were marketing ploys. They used the money that YOU gave them to convince a company to say something nice about them. THEY CONNED YOU HOLY FUCK
Oldfag here. Those projects died cause all they were was bitcoin clone ffs. Yes only the strong survive but heres the fun part. The game is not over. New winners will emerge and orhers will die....thats the free market.
Did i mention quant is gonna be huge in the next bullrun?
Nolan Torres
let me guess the whitepaper sounded great huh? you are a retarded motherfucker
Nathan Reyes
Anyone comparing Link to other shitcoins is a massive retard. DYOR for fucks sake.
Jaxson Lee
holy fuck ur retarded hahahahaha
Evan Cruz
>Which coins do you recognize? all of them because I used to hang out in the btc-e trollbox with charlie lee and other cryptochads while I bot traded PPC. also you're a tremendous faggot and a fakeoldfag. your advice post offers no real advice at how to distinguish scams from potential.
Kevin Robinson
>Thinks altcoin buying logic from 2014 still applies >Thinks all altcoins in 2018 are bitcoin forks or ERC-20 tokens
I'll be the one laughing when 2019 is the year of true altcoins and BTC dominance is nuked
Easton Scott
Based
Carson Martin
literally every bear market the same fucking line is said "THIS TIME IS DIFFERENT THESE ALTS HAVE POTENTIAL MUH TECHNOLOGY" >call people fakeoldfag >larps as a fakeoldfag kek ok genius which alts should we buy during a bearmarket?
Levi Howard
>Compares 2013 to 2018 >Starts emotional rant being so sure, then actually has doubts and asks questions
I think you can add icon to that list. Interoperability will be huge.
Angel Rogers
Whatever you do, don't buy chink coins. >TRON, NEO, WALTON, ICX, QTUM, VECHAIN They all had their 5 minutes in the last bullrun. If you want to buy something, buy token/currency that has flatlined, has active community, focuses more on improving their network rather than marketing, no premine/low premine (
Ethan Bennett
ICX will be huge next bull run, it could even be huge if BTC dies.
Xavier Cruz
>kek ok genius which alts should we buy during a bearmarket? ETH is the only alt worth buying during this market. but high risk/reward options would be the new coinbase tokens which will likely boom during a bull run.
I know you're a maximalist and will just flame me, but you really need to take stock of the community and current development ecosystem. >1) the bitcoin community is in shambles. every change drives a new contentious hard fork which weakens the immutability and deflationary perks >2) money transmitters and banks are now competing with currency based cryptos, why would someone set up a lightning node or sidechain when they can safely use venmo? >3) XMR is the only currency not directly competing with banks because it's anonymous, they others will soon have no use case >4) corporate and institutional blockchains will need robust smart contract support, like land registries, auction houses, or systems that rely on non-fungible tokens. >5) of the smart contract platforms, ETH is the only one not completely in shambles, it's just mostly in shambles therefore, I'm buying ETH
Luke Nelson
I thought we were at the bottom but the fact there are people still shilling fucking ICX says we have a long way to go
Ryan Richardson
I tried. You fuckers just need to burn yourself to learn
listen dude I even explicitly said I think ETH has a future, but buying at these prices is fucking suicide unless you're about to freeze your fucking brain and come back in 5 years.
Adrian Myers
I just bought 10 BTC worth of ICX. I'm gonna make it.
Lincoln Campbell
OP is actually a fag. Where were you when IOTA did the ICO in 2015 for $0.00017 the MIOTA?
You could sell in December 2017 between $4 and $5.
Jackson Collins
XLM is going to the moooooooooooooooooooon
OP is going to the bathroooooooooooooooooooooooom
POW is dead broski
Daniel Baker
>literally every bear market the same fucking line is said >"THIS TIME IS DIFFERENT THESE ALTS HAVE POTENTIAL MUH TECHNOLOGY
I would like to hear Oldfag ***informed*** opinions on LINK. Just dismissing it because of general distrust of altcoins isn't enough. Tell me how solving the oracle problem, making smart contracts actually useful in the real world, isn't "different" from forks of BTC and shitty memecoins? Any oldfag who has lived through previous BTC crashes AND understands what LINK is trying to achieve? Anyone?
I will be loading up my chainlink bags all the way down and all the way back up to $1 per LINK. Unless some oldfag can sway me otherwise.
Yes, LINK really is different. All other coins are garbage. That includes Nano and ICX and everything else in this thread except maybe ETH and XMR.
You do realize that ICX will implement everything Link is doing right?
Cooper Nelson
why does link need a limited issued token to function
Blake Gonzalez
No it won’t TransferAndCall Collateral, game theory, payment.
Cooper Martin
>will implement >is doing Do you see it now user?
Grayson Moore
yes it will
Colton Reed
I'm buying some ETH because in the long term I see it being worth more than what it is now. I'm aware it's risk etc. Why the fuck am I going to wait till ETH hits $200 to start buying again?
Gavin Gray
Chainlink downies will shit up every thread on this board. Only the death of the project in a couple of years will snap them out of it.
Anthony Miller
Sir we are here still now sir and has never left.
Landon Anderson
>TransferAndCall >Collateral, game theory, payment. I thought smart contracts make things easier adding an additional unit makes it more convoluted in my opinion
Dominic Gutierrez
I'm buying some too, but just remember it could go back down to $10-20
Jack Myers
buying now is risky, yes, but that's the rub. I wouldn't call the level of risk suicidal, just high. bear exhaustion is setting in, and there's no bad news events to cause things to crash more. I've missed enough bull runs to know I can't time the market perfectly.
Luke Cook
ETH will likely go back to $300 EOY regardless of what BTC does.
I'm buying alts that bottomed and selling them when they go up to accumulate more BTC and ETH. The alts have their uses you see. Seriously though: I agree with your post. I'm losing my hope for ETH though.
Robert Collins
Look I’m asking for Oldfags with INFORMED opinions. Smart contract platforms such as ETH do not even have naive oracles. You HAVE to add an additional layer. The available centralised oracles are not secure. If Oraclize was a decent solution then it would be used. News flash, it isn’t used for more than shitty gambling dApps. A decentralised oracle - chainlink - is secure. And will be used by those who require high levels of security such as financial markets and other high value contracts.
I want to hear from an oldfag that is actually informed on LINK please. Not one that needs basic spoonfeeding and just regurgitates FUD from 2017. Perhaps all the ones who have done their research have joined the linkmarine team, kek
Isaiah Hill
Mate what about GOOKED do you not understand?
Alexander Cox
>comparing 1m market cap projects to nearly 1b valuation projects with major companies and angel investors attached to them
I am completely in the same boat as you user but this isn't the right way to explain this. Most projects in the top 15-20 right now are there for a reason, even something like Tron is backed by Bittorrent and major investors.
Their BTC value will definitely drop, making it essentially stupid to hold them. But a lot of big projects right now have hundreds of devs and communities filled with hundreds of thousands of people.
I think what people fail to realize is that a token economy isn't ruled by one coin. Everything will be backed by BTC, that's for sure, but there will be competing ecosystems that each specialize in a specific field. In possibly 5-7 years, you'll see coins consolidate into one another and hard fork together as the economy chooses the better ones.
This is just what I've learned from working at a cryptocurrency company. My colleagues at work and at blockchain meet-ups have come to similar conclusions about this.
Parker Edwards
A trusted party used as oracle creates redundant servers, hardcode the IP address in the smart contract, problem solved. >inb4 not trustless/decentralized The point of an oracle is that it is a trusted source, by definition centralized amd based on reputation.
Joseph Ward
Ok mate. I guess that’s why chainlink has no interest and Oraclize has loads. >oh wait
A lot of BS has interest during hype cycles. Then most of these things die off when we find out there's no market.
Grayson Torres
Op should go wash his tractor
Samuel Howard
Elsewhere, in a story headlined “Bitcoin’s repeated splits undermine its long-term value“, Financial Times journalist Jemima Kelly, a long time critic of cryptocurrencies, wrote: “Under the laws of supply and demand: something that can be infinitely replicated must lack long-term value. Anyone trying to market such a thing — however many new bells and whistles they put on it — is essentially trying to sell hot air.”
Also let's be clear. OP tried to help you and you all attack him, coming from anl very emotional place.. Looking at it rationally, people gave startups with no working product, no proven market, not even a working demo and often not even a good track record Millions upon Millions. Normal startups fail at a 90% rate, that is AFTER they have an mvp, test market, cash flow going and professional investors vetting them. These ICOs will fail at a >99% rate. To think YOU know the one in thousand that will grow out to be the one is bollocks, statistically. Most of you don't even know how blockchain fucking works. OP is 100% right. The first altcoin boom is on repeat. It's quite obvious.
Owen Gray
The only thing ICX has going for it is the circulating supply is probably pretty low since all the bag holders necked themselves after losing 99% to this literal scam. This is assuming they kept the useless tokens in their wallet and didn't sell them for pennies before they an heroed. That said, you're still probably going to get rekt and necked just like them.
Cameron Diaz
What if bitcoin slowly loses its first mover advantage and bleeds to death while some alts trive? Are you going to kys then?
link is a scam lol you keep repeating newfag rhetoric saying your little scam that doesn't even have a mainnet is secure and a better solution and all this bullshit
Cameron Wilson
The next big thing is COLX, you dumb faggots
Jordan Barnes
>gook detected You fags have been saying dumb shit like this for a year and still they have produced NOTHING other than an army of bagholders that will dump the second this piece of shit pumps even the slightest amount. ICX is literally moon-proof. It's done. You're better off buying DBC or VET.
Cooper Watson
It becomes exponentially less likely the longer time goes on.
Carson Green
U fyckin morons, all I need is 0,1-0,3$ on nimiq as on next bullrun I will hold aprox 1,8-2mln of those goldish bastards. I will hold tens of thousands of other alt cos I am mining them. Fuckin morons