Post
Topic
Board Altcoin Discussion
Re: Are altcoins in a bubble?
by
PovertyByte
on 15/03/2017, 16:26:55 UTC
Title says all. Personally I vote bubble. Anything that increases 1000x is too good to be true IMO.

What did increase %1000?

The last massive gains were with XMR ages ago.

I don't know the % of DASH and ETH but they are obviously bubbled. Nothing justifies those rises. Ver is obviously pumping DASH, im not getting anywhere near that shit.

Wall of coins, Mexico, smooth outcome of 12.1 being realized, Trezor support

These are things that jumped Dash from 15 to 45 at the least. More of It after is to do with BTC having poor consensus and the risk of a fork and Dash being realized as a functional alternative worth holding that has actually seen more yearly growth than BTC its entire life. Also awareness of evolution to come. Even if it is the bubble you make it out to be, the current price is still a sale compared to the evolution price to come.

ETH has its dapps. It is an entire platform. It should not be fully compared with crypto markets, its just that crypto is the buyers gate into ETH. Be glad it exist.


Other alts are growing because of developments, others are growing over just trading for quick profits. DCR went up independent of BTC fork controversy, just publicity. PivX is going up over publicity while it was an unheard of coin before the Dash pump. ZCL has developments underway. These are examples of genuine growth but are probably looked at as "the bubble" by maximalist

This is all happening without BTC price dropping. As fast as BTC is traded for alts, BTC is being bought up again. We're all winning unless BTC forks


With everything in crypto traded against BTC, it will tank market stability