Bitcoin is inflated with litecoin, ppcoin, namecoin, feathercoin, terracoin, etc., etc., etc., ...
Because Bitcoin is open source, anybody can copy it easy, and start another crypto currency. Bitcoin is not gold 2.0, because we don't have crypto periodic table, with one gold, like in the real life. Bitcoin price will go down.
Hello guys, I want to show you something. Something I have in mind for a while. I don't know when it is time to show it, but maybe now when is quite. I very much regret that I don't have my first coinmarketcap printscreen when I started checking cryptocurrencies at 2012 but there are a lot of websites that do this :-) https://web.archive.org/web/20130509235146/http://coinmarketcap.com/ It's for reflection. That where Bytecoin is after so many years :-) Bytecoin was created at 2012. It was listed in 2014 on coinmarketcap. The first printscreen available for domain www.coinmarketcap.com is 09.05.2013. I compared the ranking of the back then and the present. Interesting where Bytecoin is located back then and now. I think Bytecoin is one of the most underrated projects in the whole cryptcurrencies world. 1. Bitcoin - Current Rank 1 2. Litecoin - Current Rank 6
A brief history of the 2013 market peak; why some alts really do die; and what would've happened if you'd given in to FOMO
This piece is a follow-up to my earlier piece, which looked at what would’ve happened if you’d purchased alt-coins shortly after the bottom of the 2013-2015 bear market. A lot of the constructive criticism that I received was that I was too bullish on alt-coins, and that the timing was too convenient. Although it’s fair to say that I am bullish on crypto in general and alt-coins in particular (with several major caveats for both), I agree that it’s important to not just focus on historical analyses where it’s fairly clear that you could have earned money. So, today’s research question is whether you’d still be underwater if you’d bought in to the market at or near the 2013 all-time high. All information cited herein comes from the historical charts available at CoinMarketCap. TL;DR: This worst-case scenario analysis shows that $300 invested equally across 15 of the 40 coins in existence near the market’s peak in 2013 would be worth only $429.95 today—gains which are entirely attributable to Bitcoin, Litecoin, and Ripple. This is basic, but it can be dangerous to buy high. This is especially true of alt-coins, but even the top three coins in our sample saw fairly lackluster results when bought at the top of the market. Finally, nothing in this post should be taken as investment advice. This is only intended as historical analysis. Past performance does not guarantee future returns. A Brief History of the 2013 Market Peak According to CoinMarketCap, the 2013 bull market peaked on December 4, 2013, at ~$15.87 billion in market capitalization.* Thereafter, the market crashed dramatically not once, but twice. In the first crash, which occurred between December 5-8, 2013, overall market cap fell by ~39% to ~$9.66 billion. Then, after a brief recovery to ~$13.57 billion on December 10th, the market fell precipitously, to ~$5.7 billion on December 18, 2013. Thus, over the course of only two weeks, from December 4-18, 2013, the market lost ~64% of its value. Although this was by no means the end of the 2013-2015 bear market--which lasted for approximately 17 months and saw an additional decline of ~45% from the December 18, 2013 low--this was the end of the beginning. What If I Bought Crypto Right as the 2013 Market Peaked? Generally, the first rule of trading is** that you want to buy low and sell high. As a result of their fear of missing out (“FOMO”), however, many people find themselves accidentally buying high. Today, I’m going to look at what would have happened to someone who bought their crypto right as the market was peaking. Ideally, I would run this experiment from December 4, 2013, but due to the limited data available from CoinMarketCap, I’m forced to choose between November 24th, December 1st, December 8th, and December 15th. Of those dates, I have selected December 1, 2013, because it represents the worst possible scenario for which I have data. On that date, total crypto market cap, which had hit a new high of ~$15.4 billion the day before, swung wildly between a high of ~$14.83 billion and a low of ~$12.18 billion. Unfortunately, it’s unclear exactly when CoinMarketCap’s snapshot was taken. That said, it’s clear that our hypothetical FOMO trader is about to lose his shirt over the next few weeks, so let’s dive into the specifics. On December 1, 2013, there were 40 coins listed on CoinMarketCap. I won’t list them all here, but of those 40, all but 11 are still listed as active on CoinMarketCap. The truly dead (or “inactive”) coins are BBQCoin (BQC; rank 16), Devcoin (DVC; rank 19), Tickets (TIX; rank 22), Copperlark (CLR; rank 24), StableCoin (SBC; rank 25), Luckycoin (LKY—ironic, I realize; rank 31), Franko (FRK; rank 34), Bytecoin (BTE; rank 35), Junkcoin (JKE—how apt; rank 36), CraftCoin (CRC; rank 39), and Colossuscoin (COL; rank 40).*** Now, since this post is already incredibly long, instead of testing all 40 coins, let’s take a decently-sized sample of five coins each from the top, middle, and bottom of the stack, and look at what happens. For the middle, although the temptation is to take decent alts, let’s fight that and take the group with the highest failure rate: ranks 21-25. So, here’s out pool:
Top Five: Bitcoin, Litecoin, Ripple, Peercoin, and Namecoin
Middle Five: Yacoin, Tickets, Ixcoin, Copperlark, and Stablecoin (ranks 21-25)
Bottom Five: Junkcoin, Argentum, Elacoin, CraftCoin, and Colossuscoin (ranks 36-40)
Now, here are how our sample of coins has performed as of when I write this:****
Bitcoin: Up from $1,083.14 to $6,957.99—a ~6.42x increase
Litecoin: Up from $39.77 to $117.43—a ~2.95x increase
Ripple: Up from $0.047034 to $0.527721—an ~11.22x increase
Peercoin: Down from $7.58 to $1.62—a ~78.6% loss
Namecoin: Down from $9.94 to $1.52—an 84.7% loss
So, if our hypothetical FOMO trader had invested $100 in our top-five sample near the 2013 peak, it would currently be worth $411.80 (the profitable coins) + $3.06 (PPC) + $4.27 (NMC) = $419.13—a 4.19x increase. Now for the two coins in the middle five that didn’t completely die:
Yacoin: Down from $0.311704 to $0.001025—a ~99.7% loss (Note: Since a $20 investment would only be worth a little over six cents, I’m calling this a total loss)
Ixcoin: Down from $0.146275 to 0.111126—a ~24% loss
So, if our hypothetical FOMO trader had invested $100 in our middle-five sample near the 2013 peak, it would currently be worth ~$15.19—an ~84.8% loss. Finally, here are the two coins from the bottom five that didn’t completely die:
Elacoin: Down from $10.95 to $0.212289—a ~98% loss (Note: since this is only worth about $0.39, I’m calling this a total loss)
Argentum: Down from $0.793038 to $0.117466—an ~85.2% loss.
So, excluding everything buy Argentum, if our hypothetical FOMO trader had invested $100 in our bottom-five sample near the 2013 peak, it would currently be worth ~$2.96—a ~97% loss. Putting it all together, $300 invested in this sample of 15 coins as close to the peak of the 2013 market as the data will let me get, would be worth $429.95—a disappointing, but not-unexpected ~30.2% increase over five years. That said, I’m honestly somewhat amazed our FOMO trader made anything at all on this basket of coins, considering how many of them failed. In any case, all of his gains came from the top-three coins from 2013: Bitcoin, Litecoin, and Ripple. Conclusions What’s the lesson here, what’s the takeaway?***** Most importantly, I think the above analysis shows that it can be very dangerous to buy alt-coins when the market is at or near an all-time high—a conclusion that appears to be true regardless of where the alt is positioned in the market. That said, there are a few caveats: (1) this sample was intentionally bad, in order to reflect a worst-case scenario; (2) even buying the top-three coins at the all-time high didn’t net our FOMO trader particularly large gains when compared to someone who bought these same coins after the crash. Therefore, I think that the most important lesson here is not to buy high in the first place. Investing solely because of FOMO will probably cause you to lose money, unless you have invested equally in a broad range of cryptocurrencies, like the trader in our hypothetical. Even then, however, our FOMO trader probably would have done better investing in an S&P Index fund over the same period. Endnotes *This is a correction to my earlier piece, in which I stated that the cryptocurrency market peaked on November 30, 2013, at a total market capitalization of ~$15.2 billion. I made this error due to having failed to narrow the date range of the chart so I could properly zoon in. That said, the exact details of the market peak don’t affect the conclusions from my last piece, which considered trades made after the market had bottomed out. ** …you do not talk about trading. Wait, that’s the wrong rulebook. *** Since I already typed it out, here’s the list of remaining active coins, in descending order: Bitcoin (BTC), Litecoin (LTC), Ripple (XRP), Peercoin (PPC), Namecoin (NMC), Megacoin (MEC), Feathercoin (FTC), WorldCoin (WDC), Primecoin (XPM), Freicoin (FRC), Novacoin (NVC), Zetacoin (ZET), Infinitecoin (IFC), Terracoin (TRC), Crypto Bullion (CBX), Anoncoin (ANC), Digitalcoin (DGC), GoldCoin (GLD), Yacoin (YAC), Ixcoin (IXC), Fastcoin (FST), BitBar (BTB), Mincoin (MNC), Tagcoin (TAG), FlorinCoin (FLO), I0Coin (I0C), Phoenixcoin (PXC), Argentum (ARG), Elacoin (ELC) **** I know that we could have sold them sooner, and probably for more money, but let’s just assume that our hypothetical FOMO trader was a founding member of the #hodlgang. ;-) ***** Don’t mess with Maui when he’s on a breakaway! You’re welcome. ;-) Disclosures: I have previous held Litecoin, and currently hold approximately $140 of Ripple. I do not believe this influenced my analysis in any way. I have never bought or held any of the other coins discussed in this analysis. Edits: Formatting, typos, minor clarifications.
Who are creating all the alternate cryptocurrencies?
Everyone knows Bitcoin and Litecoins goes hand in hand and they are the most popular cryptocurrencies out there. But who is creating all these alternative cryptocurrencies such as Feathercoin, Peercoin, Quarkcoin, Craftcoin, etc. and why are they created? Do the creators get any profit of the alternate coins? I see no potential why they would be something people would want to pay with in the future. I can not think that a café (for example) wants to add any other payments besides BTC, LTC and some FIAT currencies. Why would they ever struggle with adding Peercoin, Quarkcoin, Craftcoin etc etc etc? Once again, who are creating these coins and why? Do they have potential to grow high? If so, why? Also, do people think BTC will go to 1 000€, 10 000 € or 50 000€? What is the expectation and what's their theory? What would be smartest to invest in right now, BTC, LTC or some other altcoin?
Ethereum is so powerful, someone made a fully Proof of Work mined cryptocurrency inside it - to the moon!
To all the Ethereum haters and to everyone spinning up their own blockchains, to those who think all of the new tokens are just scam ICOs, you are wrong. Ethereum is better than that. Now there are also pure Proof Of Work mined cryptocurrencies within ethereum (as tokens) - you don't need a separate blockchain to launch trustless cryptocurrencies anymore you can just use the one world blockchain - Ethereum. As of 2018 there are four Token Mining Pools running and many open source Token Mining clients. This is pretty big for Ethereum and scary for smaller mined cryptocurrencies. We can rebuild any Cryptocurrency inside of ethereum now. Bitcoin, litecoin, feathercoin, namecoin, peercoin, anything. Buckle up. Look at how ridiculous this is: http://tokenminingpool.com
List below from coingecko, sorted by development activity. I've added the launch dates to the best of my knowledge to give a sense of what has staying power and what the new kids on the block are. Edit 2: Seems I missed a couple when I was hand-copying this so adding the ones I missed (Zcash, Lisk, Counterparty) so the list / numbers are updated.
Bitcoin (BTC) - 2009
Ethereum (ETH) - 2015
Litecoin (LTC) - 2011
Monero (XMR) - 2014
Siacoin (SC) - 2015
Steem (STEEM) - 2016
Ripple (XRP) - 2012
Zcash (ZEC) - 2016
Lisk (LSK) - 2016
Counterparty (XCP) - 2014
Golem (GNT) - 2016
Dogecoin (DOGE) - 2013
LBRY Credits (LBC) - 2016?
Dash (DASH) - 2014
Gridcoin (GRC) - 2013
PIVX (PIVX) - 2016
Decred (DCR) - 2015
Storjcoin X (SJCX) - 2014
Factom (FCT) - 2014
Augur (REP) - 2016
Namecoin (NMC) - 2011
BitShares (BTS) - 2013
Feathercoin (FTC) - 2011
EDIT: These are core development rankings, not ecosystem rankings. The latter would have to be estimated and I don't know anyone who's attempted to do that comprehensively.
Looking for coin performance comparison over x years
I found this list on CoinMarketCap: https://coinmarketcap.com/gainers-losers/, and I'm wondering, is there something like this that shows which coins performed best over e.g. last year or two? This one only shows last hour, day or week. EDIT: Ok, I've crunched the numbers myself (don't ask how I got them...). The results were rather surprising to me, because even the 3y ranking is dominated by coins I haven't heard about or haven't thought they existed for so long (though a lot of them, like Qora, are there mostly because of an insane pump that happened only recently). Raw data here: gist Top 10 for YTD:
Top 10 for 1 year:
Top 10 for 2 years:
Top 10 for 3 years:
Top 10 for 4 years:
And now, the same but filtering only coins with at least 10M market cap: Top 10 for YTD (10M+):
Top 10 for 1 year (10M+):
Top 10 for 2 years (10M+):
Top 10 for 3 years (10M+):
Top 10 for 4 years (10M+):
And one more funny stat - most stable growth, measured by minimum yearly change over last 3 years:
There is a site named Bitinfocharts which collects various data about cryptocurrencies, including lists of active nodes with public IP addresses. We can take counts of these nodes and confront them with market capitalizations, to see which currencies have infrastructure behind them. (This comparison will probably favor small currencies and also proof of stake currencies, as they give more incentives to run a standalone node). Below we can see how it looks for some recognizable, Bitcoin-descendant currencies (the higher the number in the last column, the better):
around $60 in about a week and a half, $49 of that from one site.
Opinion Outpost fillout surveys for points, redeem points for paypal, amazon gift cards, frequent flyer miles, a couple of others that i don't recall cause i only cash out to paypal. 100 pts = $1 on paypal, and most surveys are around 15-25 pts, plus every so often you'll get bonus pts. i've earned and successfully cashed out $49 in a little over a week. no referral system to worry about, about an hour a day should be fine, i keep doin surveys til i run out for the day. heads up, a couple of them will say stuff like "select 3 out of 10 for this" just to make sure you aren't clicking wildly but thats rare. $10 minimum FIRST payout to paypal, $3 minimum after that, transfers to paypal within minutes. [Opinion Outpost](www.opinionoutpost.com) the rest of this is ways to earn bitcoin, but since the value tends to fluctuate its hard to say how much you could make, but my bitcoin wallet is at about $15 (combined from these sources) since i started. Land of Bitcoin this one will take you to tons of faucets and (loosely) keep track of when they are ready to dispense again. i would recommend hiding faucets that don't payout to a microwallet.org or coinbox.me account, which is just a handful, mostly so that you can more easily keep track of all your loose satoshi floating around out there. i suggest creating an account and leaving the main page open, you'll get more free satoshi and if the faucet ever stops just enter the captcha and more free comin your way. also earned a decent amount playing the Kate poker free-rolls, but just a heads up it didn't adjust for daylight savings so you'll have to check Kate Poker for when the freerolls actually start ReferralNon Referral Earn Crypto this one is a bit of a mixed bag, you have to be careful about the offers it has or you'll wind up with a bit of spyware and such. do the surveys and account creation stuff (on a throw away email) for easy "crypto points" which can then be exchanged for Bitcoin, Dogecoin, Litecoin, Peercoin, Namecoin, you pretty much name it, even Linden for second life, seriously. Avoid the "supersonicad" section and do the Peanut surveys or the Crowdflower tasks and watch the occasional video for the most "crypto points" ever 1000 crypto can be exchanged for you preferred coin. i got 1400 points for creating a fake turbotax account in about 15 seconds. AVOID any offers that want you to download something or check your credit scores, for pretty much anything else a throwaway email is all youll need but i STRONGLY recommend just stickin to the peanut lab surveys. ReferralNon Referral Bit Chest a simple temp wallet and a list of consistently paying faucets that you can use ever 30 minutes will earn you the minimum payout of 5000 satoshi in a bout a day with very little effort. no muss, no fuss, NO SIGNUP, just enter a bitcoin wallet address Qoinpro this is the only true faucet i've found in my opinion, but if you are a bitcoin person its also the lowest paying, relying more on referral system to actually earn you something. this site pays you Bitcoin(0.00000001), Litecoin (0.00000030), Feathercoin (0.00002419), Fedoracoin (0.39141087), and infinitecoin (0.02272727), in small amounts every 24 hours. people are pushing for them to add dogecoin to the faucet but its not there yet if you're a dogeperson ReferralNon Referral Freebitcoinz 2000 free satoshi ever 24 hours for just entering 2 captcha's. quick and simple. for every 1000 a referral earns you earn an additonal 250 ReferralNon Referral update: just wanna say thanks to everyone who clicked on my various referrals :)
Bitcoin Examiner just did a list of the 13 most promising cryptocurrencies out there and now there’s a new exchange that can convert Bitcoin, Litecoin and Feathercoin. The name of this service, which is currently running its beta testing phase, is Crypto Street. This Delaware-based digital currency exchange is the first of its kind toRead More Another, Namecoin, has a cap of 32,839 Bitcoins (about $3.6m), although this figure is confounded slightly because Namecoin shares its mining network with Bitcoin. And Bushnell's Feathercoin? The ... Like most alt coins, feathercoin is simply a currency with a different set of parameters than bitcoin. In this particular case, they use scrypt for block generation (which is more ASIC resistant) and the block reward is higher at 200 coins per block. I also believe feathercoin follows litecoin's reward target of one block per 2.5 minutes. Bitcoin, Litecoin, Namecoin, Dogecoin, Peercoin, Quarkcoin, Worldcoin, Feathercoin - marktpreis, belohnung, schwierigkeit, hashrate, marktkapitalisierung ... Im Windschatten von Bitcoin gibt es ja andere Kryptowährungen wie Litecoin, Feathercoin, Namecoin, Primecoin, PPcoin, NovaCoin, deren Kurs ja ein Vielfaches unter dem von Bitcoin liegt. Dafür liegt das Risiko um ein zigfaches höher. Vielleicht können wir uns hier etwas austauschen. Ich sehe es eher als Spielerei, wie eine Wahlbörse zum Beispiel, wo ich auch mit ein paar dutzend Euro ...
CNEX.eu is Europe's Leading Bitcoin Exchange - You can trade Bitcoin (BTC), Litecoin (LTC), Namecoin (NMC), Feathercoin (FTC), Peercoin (PPC), Novacoin (NVC), Quarkcoin (QRK) easily. Signup today ... How to earn Bitcoin, Litecoin and Feathercoin using Qoinpro Link: http://goo.gl/dzzJWa. www.plugnmine.com Plugnmine ASIC Litecoin Miner review bitcoin ltiecoin dogecoin feathercoin scrypt mining Eobot cloud mining and hashing for cryptocurrencies including Bitcoin, Litecoin, PPCoin, Namecoin, Feathercoin, and Dogecoin : http://bit.ly/1fZ5xkA CLOUD MI... Free Bitcoin, Litecoin, FeatherCoin, FedoraCoin, WorldCoin, Earthcoin, InfiniteCoin. Category Film & Animation; Show more Show less. Loading... Autoplay When autoplay is enabled, a suggested video ...