Quote from: BitcoinHodler on March 22, 2017, 11:57:00 AM

Quote from: Harlot on March 22, 2017, 11:40:25 AM

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Yup that is true. But what you are saying about whales and manipulators is about altcoins being traded. What he is asking is about if there is an altcoin that can be hold for long term that will increase its value overtime. So in short the altcoin he is looking for is not meant for trading but for investing.

pump and dumps kill the altcoins in long term. when price goes up, people join in and then they get dumped on and are forced to sell at a loss, the next time price rises fewer join in and price goes less up. the next time less and less until the coin disappears or it takes a year to see another pump and then disappears.

Quote from: PacificNomad on March 22, 2017, 11:43:12 AM

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Surely it has to be more than that?

i wish i could tell you otherwise.

Quote from: PacificNomad on March 22, 2017, 11:43:12 AM

Otherwise, wtf are we all doing lol ...

we are making money! isn't it obvious... lol
why do you think there are so many pump and dumps, so many ICOs, Pre-mines and so many different methods of manipulation. because simply everyone is looking to make more money and guarantee they can do that.

Quote from: PacificNomad on March 22, 2017, 11:43:12 AM

For me personally, I see a future in Fintech and cryptocurrency and all this innovation that's happening, hence the investing. Fair enough the whales can dictate prices but reasoning behind the investing has to be in the mind of every person doing it .... otherwise we're just wildly throwing money at coins yeah?!

once, there were innovations. there were enthusiasm and the developers knew what open source and inventing something meant. they weren't doing it to make money.

these days (so called) developers are looking at community to see what kind of "bling" the community is looking for. so they add it to attract more people.
and worst of all they are looking to make money from creating a new altcoin. so they care less and less about real world application and care more about that "bling".

not saying there are no innovations, there surely are many but they all go unnoticed. i am not going to name any names but these coins always go on with low price and die. maybe some day someone picks up the idea and makes an awesome coin out of it but not today.

That is the problem because with Bitcoin is still growing other altcoins won't matter to the people. You can't expect to Cryptocurrencies to participate in the market because it is still a new technology to the most they are still on the learning side to Bitcoin. Which means finding an altcoin for the the long term will be hard because Bitcoin is still considered new to the majority of people.