Quote from: neverstop on October 01, 2014, 02:10:57 AM

Quote from: minairia3 on October 01, 2014, 12:57:15 AM

Quote from: Melancholy on October 01, 2014, 12:46:25 AM

not much LTC buy support and most of the BTC support is from one whale. If PND doesn't get more buy support it WILL fall in price

Agreed and, unfortunately, there probably will be a huge crash in the future. Investors and individuals are sick of being ripped off by the endless stream of shitcoins the scammers are pumping out and day-by-day the money is leaving crypto. However, after the crash the projects that have a real core of integrity will still be there to grow again in a different environment populated by real investors who won't fall for scams, anon coins, ICOs and all the other crap. Bitcoin will be there, Litecoin, Dogecoin and I'm hoping Pandacoin makes it as well. It all depends upon how committed the devs are to sticking things out over a couple of years without an immediate prospect of getting rich. I've brought by Panda and to me that money is just as spent as if I'd gotten a new iPhone or something. It's staking away on an old computer, backed up constantly and hopefully in a few years or so will be worth a lot of money. The days of short term thinking in crypto are over; no-one except a few scammers or whales with inside knowledge will be getting rich off an altcoin for a while. The "Golden Era" was for about two or three months last year before the criminals scented money and swarmed in thusly ruining the party for everyone.

Well said, and sooo many alt coins offer nothing new. I hate to say it but litecoin and dogecoin are in this category, they offer nothing new other than faster transactions. I say the coins that survive are ones such as Ripple/Stellar and a few others, hopefully panda also because they have some nice ideas with staking,simplicity,paypal to PND without exchangers, etc. I think in the long run bitcoin will die off because of the slow transaction processing, no business wants to wait an hour to see if they actually received the $ from the condoms the customer bought.

The infrastructure/ecosystem coins (Ripple/Stellar/Syscoin/Viacoin) are interesting but I think doomed. Here's the reason why: imagine making a perfect zoo environment for a creature that breathes ammonia when there are no ammonia breathing animals. This would be an elegant high tech solution for a problem that does not exist. These coins have this cutting edge infrastructure but why would Panda Express open a virtual shop on Viacoin? There's no need; there's no benefit. Some want to open "anon markets". These will be full of child porn, drugs and weapons instantly followed by government shutdown. The new Craigscoin will go that route shortly.

Panda's idea of simplicity and reaching out to common people might work although it is a stretch. I like Panda and have the pleasure of at least for now not being a bagholder. At the same time I really can't think of a reason I'd use Panda over fiat for orcinary transactions. if Panda can hold value I think it has a role as a "poor man's Bitcoin" for money transfers and savings in dodgy parts of the world. In the US and Europe it could become the same kind of thing as Bitcoin which to my mind is like company stock you can use as money with difficulty almost as if you could use Yahoo stock directly at Starbucks via a special cash register and a long wait.