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.
Result from going through 100's of cryptocurrency projects on bitcointalk.org.
I will be the first person to tell you that I am not an "expert" and this is not financial advise. What I am sharing with you is some information based on my experience in the cryptocurrency world. It should be taken with an open, yet skeptical mind (As with anything you read). There will be somethings included that might not be relevant to what you are looking for or desire. I will not go into a lot of details on things you may not need to know. My goal is to educate people and to share my knowledge. Not every project I picked has made it big. But, they are still around and kicking. I am never really in a rush to give my money to someone else- in hope for profits. I take my time, and I research. However, in the past several days, I had a very full plate. With so many projects, I had to come up with a system to filter through them at a reasonable speed. If you are investing in one project, it is worth spending A LOT of time researching it. You want to be confident that when you hand your money over to that project, that it is in the best hands for a LONG period of time. If not, you will NOT be at ease in the long term. My approach: With over over 10,000 cryptocurrency projects listed on bitcointalk.org, I needed to come up with a plan on how to get through them in a timely manner. First, I came up with some parameters. Which means I had an idea on what I was looking for. It's similar to looking for a girl you think you want. You want to find one that fit your taste. Maybe she is 5'5, 130 lbs, blonde hair, green eyes, big titties, nice ass, out-going personality, had 0 kids, never married, wants kids, and has a great relationship with her parents. The particulars details matter when choosing a long term partner. Well, let's say you needed to pick your ideal girl out of 10,000"girls" in one venue in a matter of days. The easiest attribute to start out with is height. You can eyeball a girl who is around 5'5. To be efficient, you wouldn't go up to each girl and measure how tall she is with a tape measure. It would be better to just walk around the room, and pick out which ones that appeared to be that height, and put them to the side to come back to later. Next would be the hair. Easy to spot a girl with blonde hair. After a while of going around the room full of women, you begin getting really fast at picking the right height and hair color of girl you want. But you still have more attributes that you need to get to. As with these projects, you have now narrowed down the list, but still have so much to go. The picked projects appealed to you at a glance. A glance doesn't mean thorough. (The cons of this approach: there will surely be some girls (or projects) that slip through the cracks. Maybe you missed a 5'5 girl because she was bending down to pick something up, or you missed a blond girl because she was wearing a hat. This is bound to happen, and is nearly unavoidable when going through so many projects in a short period of time. The chosen projects have a at least ONE developer, a working product, etc. Next, you need to research the team and the motivations. Are they really interested in this project or are they just doing it for the money? Is the product REALLY working or is it a clone, or a prototype? These are just a few things that need to be investigated. There are many people who are after a quick buck. Personally, I don't think there is anything wrong with making money when an opportunity presents itself. If you can easily help someone and make money, that is a win-win. However, as I mention earlier, I am looking for projects that will last for years. So, I do my best to avoid fly by night outfits. And there are plenty. Once you have narrowed down your list of projects, you will likely have only a handful that appeared to match your criteria. At this point, it is time to dive even deeper into the project. You need to make sure that blonde is REALLY a blonde, and not a wig or colored. Don't just ask her, touch it, pull it; meaning try out the working product. Check it out, it is free. If you don't like, ask if there is
anything that is going to be done to fix it in the future.
My tools: My best tool is my common sense, and yours too. If something looks TOO good, it probably is. With today's information being at our finger tips, it is EASY to post questions to forums, and channels to have your question addressed. Don't be afraid to call a spade a spade. You may be wrong, or you ay be right. But ask regardless This is your money and you want to sleep easy at night. My preferences: In my book, I go in depth about MY preferences when choosing a product to invest in. I mention the pros and cons to everything. It is up to you to decide what is important for you. As I mentioned earlier- you and I are different. You may be looking for short term whereas I am looking for long term. You will develop a preference after spending time looking at the first 30 or so projects. You'll begin noticing red flags immediately; you'll be able to identify the crazy girl in an instant. You know which questions to ask. Here is a tip: Ask questions about the project in the most popular place where everyone can see. Why? Because you want answers and it is your money. Nothing to be shy or embarrassed about. If people make fun of your question, who cares? And you can ask it in multiple locations, just to make sure YOU understand. And many communities will welcome this and others won't. Who cares? With all that being said, I will list some of my **preliminary results. I will like to take the opportunity tell you the way they have been graded. When initially picking out the project, I would grade everything across the board. This took up too much time. It would have taken me months that way. Then, I switch to nearly a binary grading scale. Yes or No, If No, don't even add them to my chart. If Yes, was it a Super Yes or a maybe- need more research. Some would get a B, C, or D. I wouldn't even add an 'F' to my list at first. The F's were cause by being added then realizing the project was worthless to me. ("Dude looks like a lady" comes to mind) **'A' meaning super good. 'F' meaning fuck off** Then, when going back through the B's, they would be either upgraded or downgraded, likely to an A or D. Same with the C's. At one point, I was putting nearly all qualifying projects as a C, only to come back later and drop it down or raise it up. I was able to get through hundreds of projects this way. There were a couple A's that turned to C's. All In all, after going through probably over 1000 projects, I actually ended up adding ~150 projects. Out of those 150, most ended up as C's, D's, and F's. I was left with only a handful of TRUE A's. The B's were the toughest. It was either YES or NO for the B's. In the name of not shilling, I won't list any A's. In the name of rewarding you for taking the time to read this, I will release some of my preliminary results. If you want my thoughts on any particular project, let me know. If you disagree with a grade, please let me know why. Or ask why I gave it that grade. There are filled I intentionally left out, as to not flood this post with too much info.
R to V ratio
Clearness of announcement
Problem the coin is solving
Year of creation
Overall Grade (worth keeping an eye on?)
High (1 million +)
Coin Name DERO Internet of People Dash Lisk WAVES BYTEBALL SIA HunterCoin Pascal Coin Nexus Zcoin Litecoin SpreadCoin Groestlcoin NIMIQ bitchute Loki Webdollar swingcoin TAU Elastos Blur Aquachain IoTeX NEM Ethereum Bitcore- BTX Vertcoin verge CLOAK DECRED Ethereum Classic FACTOM DubaiCoin POPULOUS WORLD Riecoin AEON BLOCKNET GEOCOIN Horizen Primecoin elastic UBIQ RavenCoin stellar Bitcoin Gold safex NIX Masari webchain joulecoin Zettelkasten sexeleven coin Ryo Project Bitmark Prototanium Bela BLOC DEFT ZillionCoin Binarium Sale Live DigitalNote [XDN] ZeroClassic NEXO ICONOMI Mintcoin NAV COIN IOTA ARK BitcoinDark PIVX ELECTRONEUM SHIFT Semux Anoncoin Crown TheHempCoin YENTEN ColossusXT Syscoin Innova BitcoinZ Stellite Mismuth Dagger storj LitecoinCash fastcoin Karbo SecureCoin Bitbar Haven Protocol campuscoin Crave EarthCoin HyperQuant whitelist nuls Flake Chain Goldiam rchain Mixin Network Asterioncoin Deimos Stratis Minexcoin Decent Zeit KOMODO NobleCoin BitcoinPrivate guncoin Nucleon Waves Monero XCurrency Masari NEM DeepOnion ONION QLC Chain DeepOnion TOR Blacknet ROI Coin Arionum WAVI webchain SkeinCoin Crypto- cto motocoin Haven Ethos CLAMs geocoin Decred cryply (CRP) AXIOM htmlcoin html5coin soldo ArabianChain I have already graded these coins and more. If you don't see your coin, it either didn't make it on initially, or I removed it because more research was needed (it might have received an "A")
EXCHANGED.I2P Anonymous Crypto Currency Exchange July 9 2015 GRAND OPENING! We at exchanged.i2p are happy to announce the grand opening of exchanged.i2p(beta) the worlds first fully anonymous crypto currency exchange. We hope you enjoy it as much as we enjoyed developing it. The site can be access directly via I2P, simply download I2P from https://geti2p.org/ and set your browser to use the http proxy at localhost port 4444. You may also access the site via an I2P inproxy such as https://i2p.us/ with limited functionality over tor or the clearnet. If you have trouble accessing the exchange via exchanged.i2p please try: http://ylmulgfskl6uiwac4hw4ecwqdzd3oxtwaemzj25zc6k5q4rkexra.b32.i2p FREE COINS on IRC: We are constantly raining free coins from multiple tip bots in our IRC2P channel. Start I2P Point your irc client at 127.0.0.1:6668 /join #exchange Key Features: Standard buy/sell orders Bote support Password only login PGP only(no username) login Dual auth(Password&PGP) login Darkpool trades off orderbook Instant trades filled at any price Supported Currencies: Anoncoin ANC Bitcoin BTC Dogecoin DOGE Dogecoindark DOGED Litecoin LTC Peercoin PPC Primecoin XMP Vertcoin VTC Coming Soon: Bitshares BTS Blackcoin BLK Dash DASH Monero XMR Namecoin NMC Nubits NBT Ybcoin YBC Features in Development: More coins Trading API Margin trades Short trades Stop orders More charts Desktop trading client Contact: [email protected] GPG: ExchangeD.i2p/contact https://bitcointalk.org/index.php?topic=1092682.0 Please report any bugs or problems immediately.
In the spirit of creating original content for this sub, I thought I'd do a post about some overlooked aspects of the bitcoin ecosystem that supports the bitcoin price. Faucets The original faucet was of course created by Gavin Andreson in 2010 to give people a little share of bitcoin and spread the idea around. His faucet was a simple dispensing page. However people took his idea and created a mini-industry funded by advertising. The reason I've mentioned faucets as part of the bitcoin support system is that they convert fiat into bitcoin. That is, they earn fiat from advertising (usually Google Adsense) and spend a portion of this money on actually buying bitcoin and dispensing it from their faucet. The following article follows someone who set up a faucet from scratch and how he made some profits out of it: https://99bitcoins.com/complete-beginners-guide-make-money-bitcoin-faucet/ His faucet was dispensing some $225 a month in bitcoins. Faucetbox lists a stagerring 743 bitcoin fauctes: https://faucetbox.com/en/list Even if each dispensed a conservative average of $100 worth of coins a month, that amounts to $74300 a month converted from fiat to bitcoin or $891000 per annum. Some faucets dispense much more of course - the big faucets like moonbitco.in dispense several thousand dollars worth of coins each month. Note that if a competitor to bitcoin was to emerge, we'd see them first in the faucet space because a) popular coins tend to have users eagerly trying to collect the coins creating demand and b) faucets catering to those users are converting fiat into those particular alts, supporting their price. Faucetbox has 148 litecoin faucets, 248 dogecoin faucets, 41 peercoin faucets, 18 primecoin faucets, and 63 Dark faucets. The much ballyhooed ethereum is absent... Scrypt Pools Scrypt pools mine scrypt based proof-of-work alts and then sell those alts to buy bitcoin to pay their miners. In the process they convert potential competitors to bitcoin into a giant support system for bitcoin. However, if scyypt pools opt to pay out in other coins, then they become a support system for that alternative coin. Prohashing gave an interview to Forbes where they report:
Changes in behaviors by Prohashing’s miners also indicate that they recognize problems with the Bitcoin network. Every time there’s a problem with congestion, he says more of its miners choose to be paid in a competing currency
Here's the Prohashing payout chart: https://prohashing.com/help.html?topic=charts-payoutsowed About 70% of their miners are still opting to be paid in BTC. The others are opting for Litecoin, Ehereum, Dash, Digitalcoin and others. A similar pattern can be seen from the scrypt pool "Xpool". Of their top 20 hashers, 14 are opting to be paid in alts (Dash, Bitcoindark, NXY and Litecoin). See http://www.bitcoindark.ca/leaderboard The scrypt pools arn't as big a support system as the faucets - but between them and the faucets they produce a steady regular monthly support for bitcoin and act as demand for the new coins being generated by the miners. If this support disappeared or switched to another cryotocurrency, BTC would have to rely purely on speculators to supply demand for the coin.
[ANN][BETA]CryptoThinker.com multi wallet with much more coming soon, need beta testers.
Welcome everyone. We all known how big the crypto community has become and the vast resources there are available. CryptoThinker.com goal is to join much of those resources into one main portal. My main goal is to make a website wich is simple, user friendly, open to everyone suggestions and completely open to the public. Features? -Registration/Login(done) -Wallet service(done) -Live data(partially) -Stats(todo) -Games(todo) -Charts(todo) -Chat(todo) -Hardware(todo) Whats done? -Full layout. -Live data. -News. -Registration/Login system. -Wallet service. -Withdraws/Deposits. -Transaction processor. -Account settings. Whats left? -Charts. -Stats. -Games. -Hardware. Which coins? -Bitcoin -Litecoin -Primecoin -Dogecoin -Namecoin My goal is to implement about 6 coins for now and i want them to be usefull coins or at least different, advice? Anyone that has some spare time please check it out and post any kind of feedback or suggestion. Im also open to developers suggestions. Best Regards, CryptoThinker.com
[ANN][BETA]CryptoThinker.com multi wallet with much more coming soon, need beta testers.
Welcome everyone. We all known how big the crypto community has become and the vast resources there are available. CryptoThinker.com goal is to join much of those resources into one main portal. My main goal is to make a website wich is simple, user friendly, open to everyone suggestions and completely open to the public. Features? -Registration/Login(done) -Wallet service(done) -Live data(partially) -Stats(todo) -Games(todo) -Charts(todo) -Chat(todo) -Hardware(todo) Whats done? -Full layout. -Live data. -News. -Registration/Login system. -Wallet service. -Withdraws/Deposits. -Transaction processor. -Account settings. Whats left? -Charts. -Stats. -Games. -Hardware. Which coins? -Bitcoin -Litecoin -Primecoin -Dogecoin -Namecoin My goal is to implement about 6 coins for now and i want them to be usefull coins or at least different, advice? Anyone that has some spare time please check it out and post any kind of feedback or suggestion. Im also open to developers suggestions. I will be tipping everyone who makes a valid comment! Best Regards, CryptoThinker.com
Which coins compete against each other? Is it ultimately a battle that will result in 1, 2 or 3 coins?
So, the way I look at it, there is not room for 20, 30, or 40 cryptocurrencies. It doesn't make sense that people would have that many wallets any more than it would make sense to have that many fiat currencies in your wallet. You'd have to go to a currency exchange every time unless you knew a specific place that accepted your preferred currency, whether it's /dogecoin or /worldcoin or /BBQcoin (i picked these at random from the sidebar, btw). There seem to be several different groups that exist (while some of these are overlapping): improvements on bitcoin, improvements on litecoin, clones of either one, proof of stake vs proof of work, pre-mined, easily mined, etc. (by the way, it would be great if there were a chart denoting the differences). Some of these have real benefits, some are quirky, some have been successful, some haven't. There are debates going on and people involved with each one anxiously promote it in its respective subreddit, suggesting ideas to help with its public relations and adoption. So, while it's great to have these coins with innovative features, each one arguably valuable in its own right for those features, some of them have to come out on top, right? It seems that lately, there is this idea that every coin should be nice to one another, but it's really passive aggressive. Some people hate on /dogecoin in their own subs, labeling it just a /litcoin with more coins available while /bitcoin is describe as elitist and not respecting /altcoins. Maybe all of this is justified if only a couple coins can remain. And which will those be? It /bitcoin just serving as the stepping stone for everything else, OR will it be the imperfect coin that lasts because it was there first (IMO - it would severely hurt other cryptos, especially those not tradeable for fiat currency if it died, so I think we are stuck with it)? Likewise with /litecoin and /dogecoin. Will these 3 rule because they became media favorites so quickly? Or will a coin with something different like /peercoin win out with its proof of stake? Or a coin designed with a specific activity in mind, like /Devcoin the ethical cryptocurrency? As my opinion here implies, I think it is a competition. I think /bitcoin needs to be around and rejecting it is a mistake for the community. I think /litecoin passed the tipping point in terms of price and /dogecoin hit the tipping point in terms of wide adoption. While I don't have any in-depth quantitative analysis, I think that will keep those 3 alive for the time being. I think there is only room for many 1 or possibly 2 other coins to make a name for themselves. Most other coins will fail. Pump and dump obviously hurts the community. /coinye was particularly bad and attempts to make joke coins like that make me sad because I read so many promotional posts. I feel bad saying it, but /franko and /worldcoin seem too similar while /primecoin and/megacoin and /feathercoin are just names people read in the sidebar and won't ever deal with, despite the enthusiasm of the people who do trade/mine it. That brings me to my final point, people who mine each of these coins have a huge stake in advocating for their specific coin. I'm glad people saw potential and uniqueness, but most of you will lose out and your mining rigs are giving you coins that won't be worth anything soon. Thanks for reading! I hope to hear real opinions!
In accordance to the 10 day media drive, we can start now by advertising ourselves on other subs. Suggestions for how to do so?
The first that comes to mind is how /Bitcoin did their "magic internet movies" add that seemed to have been very successful. A conversation was started here, and we already have someone interested in doing the graphic design for us. http://www.reddit.com/litecoin/comments/1qaxbx/a_massive_10_day_litecoin_media_awareness_drive/cdb26wd To be short, the minimum run is 5 bucks, with a cost of 75 cents per 1 thousand impressions. I think we have a tip bot, so lets start throwing some tips around! But we should aim to do a tipping spree in one day for maximum impact instead of a trickle of them for a few days. Find posts which are rising in popularity and throw some LTC tips at some of the awesome answers. Follow post rules though, for example don't throw them at /askscience and associated subs, we don't want to make fools of ourselves. Maybe have the tip day be on the upcoming friday? We could also somewhat unite ourselves with other alt coins, for example prime coin (disclaimer, I own some primecoins) or namecoin and whatnot so we can get bigger numbers as well as showing that there are indeed alt coins with novel ideas. For example, with litecoin we can show the very fast confirmation times, how it is still Asic resistant, and some specific examples of the dev teams activity. Prime coin, (again, biased here a bit) beating a few world records regarding prime numbers which will be very useful for cryptography. Namecoin already having a sort of working DNS setup going. Lastly, throw some charts and cool software from alt coins we already have. http://coinmarketcap.com/ <-- market cap's https://bitcointalk.org/index.php?topic=253409.0 <-- prime coin world record https://litecoin.org/ <- litecoin website https://litecoin.info/Main_Page <-- litecoin wiki
For the past couple of days, at least half of the gilds given were outside of the main Doge subreddits, which is great! Supporting the community through internal assistance and external “marketing” is what keeps us going. I’ve seen people talk about the downtrend in traffic to the /dogecoin, and my only response has been to look at the traffic to every cryptocurrency subreddit for comparison. In fact, I looked at many, and here’s what I saw for unique visits:
Subreddits listed in /CryptoCurrency sidebar and found significant through coinmarketcap.com. I did 6 months just because it sounded good and was a little past the bubble most seemed to have, not because I was trying to make any subreddit look better or worse than others.
As you can see, just about every single subreddit that had stats and started with over 1,000 people 6 months ago lost a substantial portion of traffic. Also note: Dogecoin has the second largest active community, too! In just about every way, we’re here to stay, so don’t delay, and rock the day. Also! Two members of our community made somebody else’s day a little brighter through a good ol’ fashioned gilding. Great job shibes! Here are the links to the comments given gold yesterday: penguin-surgeon ->qzzn mumzie -> lepaperbag If you run across a comment that gives gold, let me know! Or if you give gold to somebody in a dogetipbot banned sub, send me the link so I can add it! When dogetipbot is banned from replying in non-doge subreddits, my counts are shaky. Here’s the past week of activity broken out by the type of subreddit in which the gold was given:
Numbers without ranges are accurate based upon information provided by dvorwak and dogetipbot. The list of doge subreddits used so far is under the Data tab of the Google Doc.
Also, the top givers of gold through dogetipbot (for all time up through yesterday) are:
Primecoin XPM price graph info 24 hours, 7 day, 1 month, 3 month, 6 month, 1 year. Prices denoted in BTC, USD, EUR, CNY, RUR, GBP. Primecoin (XPM) is a cryptocurrency. Users are able to generate XPM through the process of mining. Primecoin has a current supply of 32,633,571.23. The last known price of Primecoin is $0.035498 USD and is up 10.45% over the last 24 hours. It is currently trading on 3 active market(s) with $7,806.36 traded over the last 24 hours. Next positive story about bitcoin prime (and lots of them will come) will boost the price of primecoin to 100k sat at low volume or 150-200k at higher volume. 20-25k is best buy now. 5 David Sterry has been a bitcoin believer for years. He even founded a bitcoin startup.But when he heard that miner demand was causing monthlong backlogs on certain computer components, he realized it was a big, big moment – not for bitcoin, but for litecoin.. The alternative cryptocurrency, created in October 2011 with a few tweaks to the Bitcoin protocol, has seen its value rise and fall in Primecoin price today is $0.03411320 with a 24-hour trading volume of $26,480. XPM price is up 4.7% in the last 24 hours. It has a circulating supply of 25 Million coins and a max supply of ? coins. AEX is the current most active market trading it. In order to explore addresses and transactions, you may use block explorers such as bchain.info.
Sunday Night Charts - Let's Analyze Bitcoin Litecoin Ethereum, and Any other chart Any market
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