Post
Topic
Board Altcoin Discussion
Re: Why Good Altcoins Fail
by
Ayers
on 18/11/2016, 17:18:00 UTC
I think Earthcoin looks good. 

You're kidding, right? EAC was a pump & dump scheme from the start and its currently not being dumped, because majority of the coin is controlled by the Chinese. Let (for example) Poloniex list it and see what happens. Its market cap will drop from $1,24Mn to 0 faster than a bullet shot against a wall. Charts are not lying:



I am not kidding and don't want to be accused of giving credence to a pump and dump.  Just raising the question.  It's one coin you can mine on all the existing low end ASICs and make something that looks like a profit if the coin goes up a little in value.  Did the Chinese also create all these merchant websites?  Surely, someone was sincerely interested in this coin at one point http://getearthcoin.com/business-and-trade
When I see that, I really worry about the people at the top who are in control of the website, etc.  It's harder to do things in the world than people generally know.  I would more likely give someone the credit of simply caving from pressure than actually being a scammer, when the
background of the coin looks this good. 



a profitable coin isn't a good coin, only because you can make profit mining with it, not mean that is a good project, and marketcap being high also is not a synonymous of having a good coin, a good coin is simply a coin that can be used other than pump and dump, like bitcoin which can be used to buy stuff